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Top Cryptocurrency News On August 8, 2021

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On August 8, cryptocurrency values remained in the green. The worldwide crypto market valuation is now $1.83 trillion, up 3.15 percent from the previous day. The overall crypto market volume over the last 24 hours has increased by 17.04 percent to $123.59 billion.

 
Top Cryptocurrency News On August 8, 2021

Ethreum

Ethereum's London hardfork went off without a hitch this week, and investors are now looking for fresh highs above $3,100. After Bitcoin's price soared above $44,000, the bullish momentum continued, and Ether is currently trading at $3,050.

NFT Collection

The Bundesliga has teamed up with ToppsNFTs.com, a non-fungible token (NFT) network, to release an exclusive set of NFT trading cards. The NFT collection will contain elite players, rising talents, and highlights from the 2020-2021 season, and will be the first for the German football league.

US Senators

Senators Mark Warner (D-Va.) and Kyrsten Sinema (D-Ariz.) revised their amendment to the Senate's massive infrastructure bill on Saturday, amending a crypto tax reporting clause.

The original proposal, which was introduced late Thursday, would exempt bitcoin miners who validate transactions on distributed ledgers as well as organisations who sell private key hardware or software wallets.

Binance US

Brian Brooks, who had been the chief executive officer of prominent cryptocurrency exchange Binance.US for less than four months, announced his resignation on Friday, causing consternation and mistrust in the crypto world.

Binance, a major cryptocurrency exchange, has announced that it will restrict Hong Kong users' access to derivatives products in an effort to reduce the inherent risks of trading bitcoin.

Cambodia

The National Bank of Cambodia (NBC) announced several project milestones as part of its central bank digital currency (CBDC)-like programme known as Bakong.

White House supports only minor changes to crypto tax proposal

The crypto community is protesting a change to the US infrastructure plan that keeps developers and validators subject to onerous reporting requirements while exempting miners.

Crypto gaming
According to a gaming industry analysis issued on July 30 by gaming venture capital data aggregator InvestGame, twenty-four blockchain gaming businesses raised $476 million in the first half of this year.

Dogecoin

Dogecoin's price has risen by 12.8 percent overnight to $0.22. Last month, the price of the world's most popular meme coin was primarily falling. It currently appears to be beginning a shaky march back up, though it's still a long way from its all-time high of $0.69 set in early May.

Read more about: bitcoin cryptocurrency
Story first published: Sunday, August 8, 2021, 16:18 [IST]
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