Crypto News of the day (10.8.) | Bitcoin broke $ 12,000 • Kiyosaki: Bitcoin Could Soon Become the “Fastest Horse”• and more

By cryptheory | cryptheory | 10 Aug 2020


Markets

Bitcoin broke the $ 12,000 mark. Yesterday, traders and crypto enthusiasts were optimistic that Bitcoin could close the week above the $ 11,500 support zone. However, Bitcoin retested the $ 12,000 cap, reaching a daily high of $ 12,077 according to Binance. Bitcoin's rise to $ 12,000 is attributed, among other things, to Grayscale's US advertising campaign, which begins today, August 10th. According to Grayscale founder Barry Silbert, the campaign will be on major US television stations CNBC, MSNBC, FOX and Fox Business. Silbert also added that the aim of the advertising campaign is to bring the masses to cryptocurrencies.

Cryptocurrencies

Kiyosaki: Bitcoin Could Soon Become the “Fastest Horse”

According to Robert Kiyosaki, author of the bestsellers "Rich Dad Poor Dad," Bitcoin could soon become the "fastest horse" in the financial markets.

Retail investors are switching to Bitcoin

Analysts now note that BTC may soon see strong growth due to capital inflows from retail investors entering the market for the first time. This group of investors can provide Bitcoin a strong base on which to grow, and is indicated by the number of addresses holding more than 1 BTC, along with the rising price of BTC. Another metric is the daily number of active cryptocurrency addresses. This metric is close to where it was during its peak in June 2019, even though the price of BTC is several thousand lower than at that time.

Max Keizer: Capital is fleeing Asia, but gold is not so easily relocated

Max Keizer, a renowned bitcoin maximist and presenter of the financial television show on RT, went to Twitter to share his views on what caused bitcoin to exceed $ 10,000 two weeks ago and shortly over $ 12,000 shortly over the weekend. According to Keizer, the increase in BTC was due to the capital flight that is currently taking place from Asia - especially from China and Hong Kong.

Cryptocurrency Exchanges, Banks, Companies

After obtaining a license, Wirex launches services in the USA

Wirex announced on Friday that it had obtained its first license for money transfers in the US and is now preparing to launch services in the country. The license, issued by the Department of Banking and Finance to Wirex USA on July 30, allows the company to operate a crypto exchange in the state of Georgia. The company claims to already serve 3 million customers in 130 countries and its card can be used in more than 54 million locations. Visa is also accepted. Wirex is regulated by the British Financial Conduct Authority with a license to issue cards in Europe.

DeFi

Uniswap processes over 100,000 transactions per day

In the last few months, when decentralized finances (DeFi) has entered parabolic growth, DEX has become a popular product. So popular that Uniswap, Ethereum's most popular trading platform, has announced that it processes more than 100,000 transactions a day. This represents approximately 1.2 transactions per second. In comparison, Bitcoin processes around 325,000 transactions per day at a rate of around 3.6 transactions per second.

Regulations, CBDC

Polish regulator warns that it is being imitated by fraudsters

The Polish Financial Supervision Authority (PFSA) has issued a warning about the increase in fraudsters offering false crypto-opportunities, claiming to be the only authorized investment fund in Poland. The fraudsters call potential victims and offer to sell or buy cryptocurrencies through a bogus fund, but first to send the cryptocurrencies to the PFSA compliance team's wallet to verify the legality of the transactions, and then the regulator clears the payment. But it is a scam.

New York pre-approved 10 cryptocurrencies

The New York Treasury Department has developed a Green List of pre-approved cryptocurrencies for custody service and listing. The 10 pre-approved cryptocurrencies are: Binance USD (BUSD), Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Ethereum (ETH), Gemini Dollar (GUSD), Litecoin (LTC), Pax Gold (PAXG) , Paxos Standard (PAX) and Ripple (XRP). The same cryptocurrencies are pre-approved for listing, except for ETC and XRP. "If a licensed entity decides to use a coin on the Green List, it must inform DFS before using it," the regulator noted.

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cryptheory
cryptheory

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cryptheory

Cryptocurrency, technology

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