Here you will find our daily update, which will provide you with all the main information and events on the crypto markets for the previous day.
Crypto market update
Most digital currencies are in the red numbers today, with many recording losses lately as traders take profits. At the time of writing, BTC, ETH, XRP, LTC, DOGE were all down over the last 24 hours. Several analysts agreed, when explaining these recent price movements, that traders are selling their cryptocurrency to take their profits. At a price of $44,4000, more than 82% of Bitcoin wallet addresses are making profits.
Bitcoin (BTC) Bitcoin is now trading at 44,414 USD (all data from Coingecko.com)
Ethereum (ETH) is now at 3,005 USD
PlatonCoin (PLTC) is now at 0,545 USD
Total marketcap is currently at 1.972 trillion USD
Daily news update
Coinbase in Japan: Coinbase has announced that it has launched in Japan, according to a blog post published on Aug 19. The move marks yet another step by Coinbase to reach a more global audience, which it must do to compete with the likes of Binance. The exchange says that the launch is in line with its global expansion and that it will be fully compliant with regulation. To support this, it has also formed a partnership with the Mitsubishi UFJ Financial Group (MUFG), one of Japan’s largest banks.
Facebook back to crypto business: David Marcus, the leader of Facebook Financial and Novi, apparently remains confident in Novi’s ability to succeed despite more than two years of regulatory hurdles. In an August 18 blog post, Marcus wrote: “Novi is ready to come to market. It’s regulated, and we’re confident in our operational ability to exceed the high standards of compliance that will be demanded of us.” Novi initially launched as Calibra, a wallet designed for Libra, which now goes by the name Diem. Both faced intense regulatory scrutiny as soon as Facebook announced the project back in June 2019. Diem has yet to officially launch, and the organization backing it moved from Switzerland to the United States.
Another exchange hacked: Japanese exchange Liquid has been hacked with about $80 million in digital assets moved off the platform. The exchange confirmed the security breach in an August 19 tweet, with Liquid revealing the wallet addresses implicated in the breach. Withdrawals and deposits have been suspended on Liquid, with the exchange promising to provide regular updates as its investigations unfold.
El Salvador drafts Bitcoin regulation: The central bank of El Salvador, Banco Central de Reserva (BCR), has published draft regulations on how banks should handle Bitcoin. Two documents were released for consultation on Aug. 17 instructing banks and financial institutions how to offer Bitcoin-related services to their customers.