Buyers reacted to short-term oversold conditions, bringing Bitcoin back near $39,000. The cryptocurrency has gained roughly 2% in the last 24 hours, compared to a 9% increase in the ether during the same time frame. The overall crypto market volume over the last 24 hours has increased by 16.69 percent to $81.69 billion dollars. The worldwide crypto market valuation is now $1.60 trillion, up 3.45% from the previous day.
Trending News From Cryptosphere
This week, JPMorgan Chase began pitching an in-house bitcoin (BTC, +1.84 percent ) fund to its Private Bank clients for the first time, completing its makeover from a never-bitcoin mega-bank to a legitimate player in the digital assets industry.
In the United States Senate, lawmakers have proposed an amendment to an infrastructure package that proposes exempting certain crypto firms from broker reporting rules.
A commissioner from the Commodity Futures Trading Commission (CFTC) stated that crypto regulation does not fall under the SEC's jurisdiction, despite the US Securities and Exchange Commission (SEC) expanding its area of oversight of the cryptocurrency business.
By market value and trading volume, Uniswap is the largest decentralised exchange (DEX) on the Ethereum blockchain, processing roughly $340 billion in trades annually. By allowing any token issuer to list their assets on the exchange, the DEX has become a cornerstone of the decentralised finance (DeFi) industry.
Blockchain and Crypto Assets Council
On August 3, the Blockchain and Crypto Assets Council (BACC), a subsidiary of the Internet and Mobile Association of India (IAMAI), announced the appointment of Gulshan Rai, India's first cybersecurity coordinator, to its advisory board. Rai has more than 30 years of experience in information technology, including e-governance, cybersecurity, and cyber legislation.
Bitbns, a cryptocurrency exchange, said on August 4 that Indian champions at the Tokyo 2020 Olympic Games will get Bitcoin SIP prizes. Olympic medalists from India would be able to invest in cryptocurrency SIPs worth lakhs on the market. SIPs will begin at Rs Rs 2 lakh for gold medalists, Rs 1 lakh for silver medalists, and Rs 50,000 for bronze medalists.
The continuing dispute between Ripple and the Securities and Exchange Commission (SEC) in the United States took a new turn this week when Ripple was allowed access to Binance's documentation.
Lionel Messi NFT Collection
Lionel Messi, the Argentinian football legend, has teamed up with Ethernity Chain to produce Messiverse, an NFT collection of digitised drawings authorised by Messi himself. Messi revealed the Messiverse in a brief video posted to his Instagram account on August 4th.
He then invites his audience to "find his first collection of NFT's on Ethernity," saying, "Soccer is like art: It's ageless."
Top 10 Cryptocurrency Prices on August 5, 2021