Today crypto news (20-Aug-2023)
Bitcoin falls below $26,000, posts worst week since May. The world's largest cryptocurrency by market capitalization is down more than 10% in the past 24 hours and is trading at its lowest level since June. The sell-off in Bitcoin is being driven by a number of factors, including rising interest rates in the US and UK, a stricter approach to cryptocurrency regulation in India, and the collapse of the largest global cryptocurrency exchange FTX.
SpaceX liquidates its Bitcoin holdings. The space exploration company, founded by Elon Musk, sold its Bitcoin holdings in the second quarter of 2023. The company said it liquidated the Bitcoin to "improve its liquidity and reduce its overall risk."
Valkyrie files for Ethereum-focused ETF with SEC. The cryptocurrency investment firm Valkyrie has filed for an Ethereum-focused exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). The ETF would track the performance of the Ethereum Reference Price Index, which is based on the price of Ethereum.
Mastercard deepens tie to CBDCs as nations mull issuing digital currencies. The payments giant Mastercard has announced a new partnership with the Digital Currency Institute of the Bank of Canada to explore the use of central bank digital currencies (CBDCs). The partnership aims to develop new ways to use CBDCs for cross-border payments and other financial services.
Biconomy, Tellor, SushiSwap, and DODO are the top gainers in the crypto market today. These four cryptocurrencies are up by double digits in the past 24 hours. Biconomy is a blockchain middleware platform that aims to make it easier for developers to build and deploy decentralized applications. Tellor is a decentralized oracle network that provides real-world data to smart contracts. SushiSwap is a decentralized exchange that allows users to swap cryptocurrencies without a central authority. DODO is a decentralized exchange that uses a bonding curve to set prices for cryptocurrencies.
It is important to note that the cryptocurrency market is volatile and prices can change rapidly. Investors should always do their own research before investing in any cryptocurrency.
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Today crypto news for steemit
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Here are some of the top crypto news headlines for Steem today, August 20, 2023:
Steem price falls below $0.10, down more than 90% from its all-time high. The price of Steem has been on a downward trend since its all-time high of $8.28 in January 2021. The latest sell-off is being driven by the overall decline in the cryptocurrency market, as well as the ongoing drama surrounding the Steem blockchain.
Steem Witnesses freeze $3.2M in latest tit-for-tat with hard fork insurgents. Witnesses on Steem have frozen eight accounts, putting a total of 17.6 million steem in limbo. The move is the latest escalation in the ongoing conflict between the Steem community and the hard fork insurgents.
Binance CEO Says Steem Too Centralized but Exchange Must Support Controversial Hard Fork. Binance CEO Changpeng Zhao has said that Steem is too centralized, but that the exchange is "technically" forced to support the controversial hard fork. The hard fork was initiated by a group of investors who were unhappy with the way the Steem blockchain was being managed.
Steemit co-founder Ned Scott announces new blockchain project, Hive. Steemit co-founder Ned Scott has announced a new blockchain project called Hive. The project is designed to be a more decentralized and community-driven alternative to Steem.
Steem price prediction: Analysts say $0.10 is the new support level. Analysts are saying that the price of Steem has found a new support level at $0.10. This is the lowest level the price has been since January 2021. However, some analysts are still bearish on Steem and believe that the price could fall further.
It is important to note that the cryptocurrency market is volatile and prices can change rapidly. Investors should always do their own research before investing in any cryptocurrency.