Here are the five new cryptos that caught our attention this week:
The US-listed company is investing $ 250 million in Bitcoin
This is a very strong sign that American company MicroStrategy bought 21,454 bitcoins, or $ 250 million, this week. With this cryptocurrency investment, the listed company is changing its cash reserve strategy and making Bitcoin a legitimate investment. « Our investment in Bitcoin is part of our new capital allocation strategy that aims to maximize long-term value for our shareholders, » said the CEO of MicroStrategy. In his opinion, this investment was motivated by factors such as the economic and health crisis associated with COVID-19, unprecedented financial incentives such as quantitative easing or the political and economic uncertainty on the planet. MicroStrategy is therefore the first « traditional » publicly traded company to choose to use Bitcoin as a reserve asset and may be emulated by other major players on the Nasdaq in the coming months.
Cryptocurrency TV advertising launched in the US
Thanks to Grayscale Investments, the world’s largest digital asset manager, millions of Americans are sure to see an advertisement for cryptocurrency. The company launched a large-scale advertising campaign on Monday, August 10th. The TV commercial, which will be broadcast on CNBC, MSNBC, FOX and FOX Business, will showcase Grayscale’s cryptocurrency investment products such as Bitcoin, Ethereum and Bitcoin Cash to the public. « We will bring crypto to the masses, » tweeted the company’s CEO. Whatever the implications of this advertisement, it is certainly another step towards the adoption of cryptocurrencies.
Russian agents say they can « partially » expose Bitcoin users
A branch of the Russian secret service stated this week that it had developed a platform with which crypto transactions can be tracked and the processes on Bitcoin (BTC), Ethereum (ETH) and Dash (DASH) can be « partially de-anonymized ». or even on Monero (XMR). According to the RBC media, the federal financial watchdog that made the statement would count on this platform, which uses artificial intelligence to fight money laundering and the financing of terrorism in the country. In particular, the platform would be able to monitor the movements of crypto assets thanks to the analysis of the news and images available on the internet. Is Russia exaggerating the capabilities of its platform?
DeFi: The YAM token loses 99% of its value
It was a spectacular 99% drop that hit the price of the YAM token and happened within minutes. This recent decentralized finance project, DeFi, actually had to deal with a major bug related to its governance protocol. Everything went very quickly for the Yam, rising from zero to over $ 400 million in just 18 hours, which is an overall record for DeFi. This disastrous adventure sheds light on the current reality in the area of decentralized financing, which is certainly very promising, but also very young. We see a lot of projects like Yam hatch and generate undue excitement when the projects are not audited. Again, caution is advised and pay attention to the mood of the FOMO, which is very present in this sector.
One million South Koreans are already using a blockchain driver’s license
Over a million South Koreans have swapped their plastic driver’s licenses for a digital blockchain version that works with their smartphones. This blockchain authorization has been in use since May and, in particular, enables drivers to identify themselves to the police using a barcode system or QR codes available in the PASS application. In addition to the South Korean traffic authorities, the country’s three largest mobile network operators have also participated in the project. In addition, some small convenience stores have started to accept the PASS as digital proof of the age of their customers. The next step would be to use the application to identify financial transactions and mobile communication services. South Korea also reaffirms its commitment to mainstream blockchain initiatives in all areas of society.
Find the 5 news of the week in podcast version on « L’Aventure Crypto »:
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To invest in mining or master nodes:
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- # 1 hodling. …
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# 2 Cryptocurrency staking. …
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# 3 master node. …
Which crypto should be invested?
|# 4 Crypto cashback. …||# 5 Daily trading. …||Conclusion.|
|For its first known price in 2010, a bitcoin was worth less than a dollar. And in early 2017, it traded for around $ 1,000 before skyrocketing towards the end of the year, posting an annual profitability of 1.303%! … The price of a Bitcoin will rise from almost USD 20,000 to USD 13,500 in two weeks.||* To transfer money easily over the Internet without having to trust intermediaries. The bitcoin system’s limited inflation of money issuance is evenly distributed (through computing power) across the network rather than being focused on banks. …||Cryptocurrency|
|Price ($)||Variation over the year||Bitcoin (BTC)|
|7.539||+ 96.16%||Ethereum (ETH)|
|132.9||– 5.62%||Ripple (XRP)|
Which crypto for 2021?
|0.19||– 46.39%||Litecoin (LTC)|
|42.3||+ 32.29%||Surname, surname|
|Market capitalization||Number in circulation||Ethereum (ETH)|
|+ 134 billion euros||114 M.||Ripple (XRP)|
|+ 10.3 billion euros||45.4 billion||Bitcoin Cash (BCH)|
Which crypto should be bought in 2020?
over EUR 6.9 billion
- 18.6 M.
- Tether (USDT)
- more than 50.5 billion euros
- 24 billion
- 6 cryptocurrencies to buy for 2020 and beyond
- Bitcoin (BTC) First of all, I’m not going to be original, but rather efficient. …
What is the most promising cryptocurrency?
Basic Attention Token (BAT) The success of Basic Attention Token never fluctuates month after month. …
How does the value of a cryptocurrency increase?
Enjin Coin (ENJ) …
How do you use cryptocurrency?
Binance Coin (BNB) …
How is the value of Bitcoin increasing?
Nexo (NEXO) …
How does cryptocurrency work?