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Bitcoin Jumps Above $47K; Check All Trending News From Cryptosphere

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Bitcoin is up more than 6% on the day after breaking through the $47,000 barrier due to strong buyer demand.

 

According to data, the world's largest cryptocurrency has reached a 24-hour high of $47,359 and is now up 62.2 percent year to date. Current prices are slightly above the $47,000 mark, with one BTC (+6.61%) costing around $47,100.

Bitcoin Jumps Above $47K; Check All Trending News From Cryptosphere

Cryptocurrency exchange in Japan

Liquid, a Japanese cryptocurrency exchange, reported on Thursday that it had been hacked and that hackers had stolen $97 million in digital coins.

Several of Liquid's digital currency wallets had been "compromised," and hackers were transferring the assets to four different wallets, according to the company.

Wells Fargo

Wells Fargo announced on Thursday that it had filed a private bitcoin (BTC, +6.65% ) fund with US regulators, making it the second megabank to offer an indirect crypto investment vehicle to its wealthiest customers.

Cardano (ADA

Cardano (ADA) price rose to $2.44 in digital asset markets on Thursday, approaching an all-time high as investors await the September release of the planned "Alonzo" upgrade, which would bring smart-contract functionality to the network and address one of its most glaring flaws, according to critics.

 

Visa

Wyre, a blockchain-based payments company, has joined Visa's Fintech Fast Track Program, giving it access to Visa's technology and other features.

Coinbase

Coinbase, the most popular cryptocurrency exchange in the United States, has announced intentions to add half a billion dollars worth of cryptocurrency to its balance sheet.

In an August 20 tweet, Coinbase CEO Brian Armstrong revealed that the business's board of directors had approved the crypto spending spree, adding that the company also wants to invest 10% of all earnings earned into digital assets in the future.

Canada

The Ontario Securities Commission stated that Aux Cayes FinTech Company Limited, a legal corporation based in the Republic of Seychelles and the operator of the cryptocurrency exchange OKEx, had broken the province's securities law.

SEC

The head of the Securities and Exchange Commission in the United States, Gary Gensler, noted that DeFi is very centralized in some respects and advised projects involved in the sector to register with the SEC.

On Aug. 19, Gensler told The Wall Street Journal that the word DeFi's indicated decentralized principles were "a bit of a misnomer."

Top 10 Cryptocurrency Prices on August 20, 2021

CryptocurrencyPriceGain-losses
Bitcoin $46,931.37 6.31%
Ethereum $3,212.25 7.80%
Cardano $2.50 19.06%
Binance Coin $427.02 8.11%
Tether $0.9999 -0.07%
XRP $1.22 7.86%
Dogecoin $0.3157 5.62%
USD Coin $0.9998 -0.07%
Polkadot $26.71 12.28%
Solana $71.61 0.09%

Read more about: bitcoin cryptocurrency
Story first published: Friday, August 20, 2021, 10:51 [IST]
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