Latest Market News
As we move towards the end of Q3, a number of cryptocurrency projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
This week, FTX bought crypto portfolio app Blockfolio for a whopping $150 million and crypto industry giant Digital Currency Group announced a commitment to invest more than $100 million in its cryptocurrency mining business. Read about these stories and much more in our recap of this week's top 5 crypto news.
CENTRE, the consortium behind the popular USD Coin stablecoin, have upgraded the USD Coin protocol and smart contract to enhance the USDC user experience. One of the most interesting changes with USD Coin 2.0 is “gasless sends” - this feature allows the payment of gas fees to be delegated to another address when a USD Coin transaction is being made.
The popular lending platform Celsius Network is soon going to finish its equity crowdfunding round that managed to amass $20 million from more than 1,000 investors.
Cryptocurrency industry giant Digital Currency Group (DCG) has made a bet on the cryptocurrency mining industry by establishing a new wholly-owned subsidiary called Foundry. Announced in a press release earlier today, Foundry was initially created in 2019. DCG says it will invest over $100 million in the company in the next year.
Binance Coin has been pretty static as it moves sideways this past week with a small 1% increase.
AMFEIX, promised its customer base massive returns at the end of each month and, as a result of that, accumulated nothing less than $60 million in Bitcoin.
Due to regulatory pressure, more and more cryptocurrency exchanges are delisting privacy coins. Most recently, CoinSpot and Swiftx, two Australian cryptocurrency exchanges, have announced that several privacy coins will cease to trade on their platforms starting August 31.
As we move through Q3, a number of cryptocurrency projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
A round-up of the best end-to-end blockchain and crypto-focused PR agencies from around the globe.
