Even after Japan's Liquid exchange revealed a hacker stole millions of dollars in cryptocurrency during Asia's trading hours, Bitcoin remained above $44,000.
According to CoinDesk data, the world's largest cryptocurrency by market capitalization is down 2% on the day after hitting a 24-hour high of roughly $45,986. Bitcoin was trading for roughly $44,400 at the time of publication.
The overall crypto market volume over the last 24 hours has decreased by 12.17 percent to $110.32 billion. The overall volume of all stable coins is now $86.89 billion, accounting for 78.76 percent of the total 24-hour volume of the crypto market.
The current price of Bitcoin is $46,768.77. Bitcoin's market share is now 43.91 percent, down 0.38 percent from yesterday.
The CEO and founder of the deVere Group, one of the world's largest independent financial advising firms, has predicted that Ethereum's price will continue to outperform Bitcoin in 2021.
The Banco Central de Reserva (BCR), El Salvador's central bank, has published draught regulations on how banks should handle Bitcoin.
On Aug. 17, two documents were made available for comment, advising banks and financial institutions on how to provide Bitcoin-related services to their consumers.
Robinhood, a prominent retail trading app, has announced that crypto trading has grown in popularity and now accounts for 41% of its revenue.
According to the company's second-quarter financial figures, which were released on Aug. 18, crypto trading services generated $233 million for the quarter, up from $5 million for the entire year of 2020.
Coinbase, the largest cryptocurrency exchange in the United States, has amassed a $4 billion cash reserve in anticipation of lower crypto retail trading volumes and greater operational expenses due to regulatory obstacles.
Larry Dean Harmon, an Ohio citizen, pleaded guilty to laundering more than $300 million while running the Helix Darknet Bitcoin mixing service.
The 38-year-old pleaded guilty to laundering more than 350,000 Bitcoin through Helix from 2014 to 2017, according to the US Department of Justice.
Dogecoin is now one of the most volatile cryptocurrencies available. In its first earnings report since going public in July, Robinhood stated that bitcoin accounted for 41% of overall revenue in the second quarter. Even though Robinhood also allows users to purchase and sell Bitcoin and Ethereum, Dogecoin accounted for 62 percent of the cryptocurrency earnings.
Facebook Crypto Wallet
Novi, Facebook's long-awaited cryptocurrency wallet, "is ready to enter to market," according to David Marcus, co-creator of Facebook Diem.
Instead of the excitement that surrounded Facebook's initial announcement in June 2019 that it was launching a digital currency backed by a basket of fiat currencies and administered by some of the largest names in finance and technology, the announcement came at the end of a lengthy blog post.
Top 5 Cryptocurrency Prices
Binance Coin: $400.87