Square’s value could 5X thanks to Afterpay deal: Pomp
Morgan Creek Digital co-founder and Bitcoin proponent Anthony Pompliano thinks Square’s value could increase to $1 trillion following the firm’s acquisition of Afterpay. Square, headed up by CEO Jack Dorsey, this week announced its acquisition of the Australian buy now pay later (BNPL) business for $29 billion on the same day it reported $2.7B in Q2 revenue from Bitcoin sales on its Cash App. Pomp analysed the move on his “Best Business” show on Aug. 4, which was posted on YouTube under the rather clickbaity heading “Square is going to be worth $1 trillion dollars.”
Brian Quarmby 13:17
Ethereum network's hashrate is 559,170.28 GH/s，mining difficulty is 7,595.08T
According to data from eth.btc.com，ethereum network's hashrate is559,170.28 GH/s，mining difficulty is7,595.08T. ETH's price ：$ 2,529.34 Avg Gas Price：21.20Gwei Pending Txs ：122370
Bitcoin outflows from centralized exchanges surge to 100K BTC monthly
Bitcoin outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days. According to the Glassnode’s August 2 The Week On-Chain report, Bitcoin outflows have accelerated to a rate exceeding 100,000 BTC per month for just the third time since September 2019. The on-chain analytics provider estimates that just 13.2% of circulating BTC are currently held on exchanges — a new low for 2021. “This represents a near full retracement of the significant inflow volume observed during the May sell-off,” the report noted.
Martin Young 13:21
Ethereum network's hashrate is 547,389.38 GH/s，mining difficulty is 7,438.57T
According to data from eth.btc.com，ethereum network's hashrate is547,389.38 GH/s，mining difficulty is7,438.57T. ETH's price ：$ 2,564.04 Avg Gas Price：21.20Gwei Pending Txs ：157078
DHedge scales up on Polygon, integrates with SushiSwap
Decentralized asset management protocol, dHEDGE, has launched its V2 deployment on Polygon. The new platform also boasts an integration with popular decentralized exchange, SushiSwap. Speaking exclusively to Cointelegraph, dHEDGE’s Henrik Andersson highlighted v2’s new Guarded Open Access Transactions (GOAT) framework — which enables v2 users to access whitelisted DeFi DApps whitelisted by the dHEDGE decentralized autonomous organization (DAO). Andersson emphasized that the GOAT framework will significantly increase the speed with which dHEDGE is able to launch new integrations with third-party protocols, stating:
Samuel Haig 13:25
Ethereum network's hashrate is 539,872.16 GH/s，mining difficulty is 7,354.93T
According to data from eth.btc.com，ethereum network's hashrate is539,872.16 GH/s，mining difficulty is7,354.93T. ETH's price ：$ 2,540.04 Avg Gas Price：21.20Gwei Pending Txs ：51874
False Claims about TokenPocket's Collaboration with Other Projects
Recently, there are rumors claimed that TokenPocket is the partner of some projects deployed on OKExChain. We hereby declare that such information is not true. Please refer to the official announcement of TokenPocket. TokenPocket has not entered into cooperation with any project deployed on OKExChain. Please do not believe such false information. For any loss caused by such false information, TokenPocket will not assume any responsibility.
German law allowing institutional funds to hold crypto comes into effect Aug. 2
Beginning on August 2, 2021, German institutional funds will be able to hold up to 20% of their assets in cryptocurrencies, possibly setting the stage for wider mainstream acceptance of Bitcoin (BTC) and other crypto assets by the nation’s pension funds. As Bloomberg reports, the new law alters fixed investment rules governing Spezialfonds, also known as special funds, which are only accessible to institutional investors such as pension funds and insurers. Spezialfonds currently manage about $2.1 trillion, or 1.8 trillion euros, worth of assets. Related: Hedge funds see the crypto market decline as an investment opportunity
Sam Bourgi 13:30
Announcement on Maintenance of Some Wallet Functions
Dear TokenPocket Community Currently TokenPocket "Hot DApps" section is under maintenance and the display may incomplete. Your private key and mnemonic are stored on your own device, thus the maintenance will not affect asset security. You can still access corresponding DApp through searching at the top of the wallet "Discover" page; "My Dapps" section, or DApps sub-section . Sorry for the inconvenience!
GoldenTree Asset Management is reportedly investing in Bitcoin
New York-based asset management firm GoldenTree has reportedly added Bitcoin to its balance sheet, though the amount of this supposed investment remains unknown. According to a Friday report from financial news outlet The Street, the firm with roughly $45 billion in assets under management has purchased some Bitcoin (BTC) but has seemingly shied away from other cryptocurrency investments. Citing two sources with knowledge of the matter, the publication reported the BTC purchase followed discussions between executives regarding hiring staffers familiar with crypto investments. Executives at the firm, including founder Steven Tananbaum and partners Deeb Salem and Joseph Naggar invested in a funding round this month for Borderless Capital, which previously helped launch an accelerator program from Algorand. Borderless also participated in a funding round for the Coinbase-backed digital asset securities firm Securitize.
Turner Wright 13:21
Ethereum network's hashrate is 513,820.09 GH/s，mining difficulty is 7,034.39T
According to data from eth.btc.com，ethereum network's hashrate is513,820.09 GH/s，mining difficulty is7,034.39T. ETH's price ：$ 2,461.45 Avg Gas Price：21.20Gwei Pending Txs ：18287
Synthetix turns on layer-two alpha, launches Olympics betting on options platform
Decentralized derivatives and synthetic asset trading protocol, Synthetix, has launched trading on the Optimistic Ethereum layer two scaling platform. The long-awaited launch was announced by the Synthetix protocol exchange Kwenta on July 30. It enables the exchange to offer faster transactions and lower fees using optimistic rollup technology. Initially, there will be just four synthetic assets available for trading on layer two — sUSD, sETH, sBTC and sLINK. The data collected from this alpha launch and testing phase will enable the protocol to optimize synth trading on layer two and prepare for the beta launch, the announcement stated.
Martin Young 13:24
Senators add crypto taxes to infrastructure deal to raise $28B in extra revenue
Last-minute additions to the bipartisan infrastructure deal in the United States Senate saw lawmakers propose expanded cryptocurrency taxation to raise an additional $28 billion in revenue. The proposal will implement tighter rules on businesses handling crypto, expand reporting requirements for brokers and mandate that digital asset transactions worth more than $10,000 are reported to the Internal Revenue Service. Senator Rob Portman of Ohio, the lead Republican for the infrastructure discussions, noted Congress has expressed concerns regarding crypto reporting and taxation requirements for some time:
Samuel Haig 13:27
Ethereum network's hashrate is 532,513.87 GH/s，mining difficulty is 7,250.11T
According to data from eth.btc.com，ethereum network's hashrate is532,513.87 GH/s，mining difficulty is7,250.11T. ETH's price ：$ 2,286.79 Avg Gas Price：21.20Gwei Pending Txs ：170478
ETH's trading volume grew much faster than BTC’s in first half of 2021
The world’s second-largest crypto asset has gained ground on Bitcoin in terms of trading volume growth during the first half of this year according to a new report. Ethereum’s trading volume grew faster than Bitcoin’s in the first half of this year according to a new report from leading U.S. crypto exchange Coinbase. The Coinbase Institutional H1 2021 in Review report, released on July 26, acknowledged that the first half of this year has been one of the most active periods on record for crypto, with several new all-time highs in prices, user adoption, and trading activity.
Martin Young 13:16
Ethereum network's hashrate is 519,077.62 GH/s，mining difficulty is 7,150.56T
According to data from eth.btc.com，ethereum network's hashrate is519,077.62 GH/s，mining difficulty is7,150.56T. ETH's price ：$ 2,312.39 Avg Gas Price：21.20Gwei Pending Txs ：144141
Kaseya recovers data stolen in ransomware attack with mysterious decryption tool
IT software provider, Kaseya, has announced it is providing its clients with a decryption tool to recover customer data that was locked in a ransomware attack earlier this month. In a July 26 notice on its website, the global technology firm stated it has been assisting its customers with the restoration of their encrypted data in partnership with cybersecurity company Emsisoft. It has been issuing a mysterious “decryptor” tool enabling customers to access data that had been locked by the malware disseminated in the July 2 attack.
Martin Young 13:25
Ethereum network's hashrate is 523,156.89 GH/s，mining difficulty is 7,154.28T
According to data from eth.btc.com，ethereum network's hashrate is523,156.89 GH/s，mining difficulty is7,154.28T. ETH's price ：$ 2,173.22 Avg Gas Price：21.20Gwei Pending Txs ：169811
FTX reduces max leverage from 101x to 20x to encourage ‘responsible trading’
Crypto derivatives exchange FTX has decided to curb risky trading by limiting the leverage available to its users. The exchange, founded by crypto billionaire Sam Bankman-Fried (SBF), has reduced the maximum leverage available on the platform down to 20x, a significant reduction from its previous limit of 101x. In a July 25 tweet announcing the updated leverage limits, Bankman-Fried said that the decision was made in light of the exchange’s efforts to “encourage responsible trading.”
Martin Young 13:14
Ethereum network's hashrate is 521,840.10 GH/s，mining difficulty is 7,062.50T
According to data from eth.btc.com，ethereum network's hashrate is521,840.10 GH/s，mining difficulty is7,062.50T. ETH's price ：$ 2,305.77 Avg Gas Price：21.20Gwei Pending Txs ：130671