The Ethereum Network is seeing bull signals, with the network registering a maximum of one year of 1.8 million transactions this month. More ether in the network is being blocked as US regulators issue guidance and definitions for the rethinking.
Bitcoin (BTC) is in a depression, while the currency is quoted more than 5% in the last 30 days. An exchange of $ 2.7 billion whales caused a flash accident on August 24.
Bitcoin Treasury countries continue to issue debt to finance their main purchases of Bitcoin. In August, Strategy and Metaplenet collected 5,370 BTC between the two.
In the US, state regulators are working with defense groups of citizens for the elderly to restrict cryptographic automatic ATMs, which are often used to commit fraud. Two states have presented legislation in the last month.
Here is August for the numbers.
Ethereum transactions reach the highest year in August with 36 million ETH states
Transactions in the Ethereum network reached a maximum of one year on August 5 when the block chain processed more than 1.8 million transactions.
The annual record occurs when the Ethereum network establishes new records for Ether (ETH) suitable; Almost 30% of the ether supply is now blocked. This large number of ether stakes indicates that investors are crouching. They prefer to bet their investments in exchanges and receive rewards to sell.
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The United States Stock Exchange and Securities Commission issued a statement, defining and explaining its views on the liquid reference. Many took this as a background quoted by the Exchange (ETF) with the rethinking could be incoming.
The whale sells $ 2.7 billion in Bitcoin, collapses sparks
On August 24, a Bitcoin whale sold 24,000 BTC worth around $ 2.7 billion, causing a flash accident in Bitcoin markets. According to QCP, the accident liquidated about $ 500 million in leverage positions during minutes.
Before the sale, Bitcoin was quoted in a narrow range, while Ether established new records. Bitcoin’s domain fell from 60% to 57%. Bitcoin’s domain is still well above where I was in the 2021 Altcoin season, but if the ETFs from ETHER with bets obtain approval, he could feed the narrative that ETH will overcome soon, QCP said.
13 US states now have limits in Bitcoins automatic ATMs
The US states of Rhode Island and Wisconsin introduced legislation that regulated cryptographic kiosks in August, which carries the total number of states with such rules up to 13. Some municipalities, such as Stillwater, Minnesota and Spokane, Washington, have gone to the things that prohibit them.
Many ATMs scams attack the elderly, who are not familiar with new technologies such as Bitcoin and Crypto. Many of the state laws were written with the support and orientation of the American Association of withdrawn, a group of interests focused on issues that affect people 50 years or more.
Metaplenet acquires 1,859 BTC; NABS STRATEGY 3,511 BTC
The Trends firm for Bitcoin, the strategy, bought 3,511 BTC in August. With Bitcoin at an average price of $ 116,000 in August, that puts the total purchase of Bitcoin strategy for the month around $ 407.2 million.
The Japanese Investment Company Metaplenet also added more Bitcoin to its coffers, obtaining about 1,859 BTC. At the average price mentioned above, its total purchase of Bitcoin for August is worth just over $ 215.6 million.
Net hackers $ 53 million defi exploits in August
Defillama’s data show that cybercriminals stole $ 53 million of decentralized finance exploits (DEFI) in August, with the trick of $ 48 million of Turkish Cryptocurrencies Btcturk cryptocurrencies that constitute the participation of the lion.
The cryptographic industry has been making a concerted effort to address hacks, which are becoming more common. Some in the industry are not so optimistic. Ronghui Gu, Professor of Computer Science at Columbia University and Co -founder of Blockchain Security Platform Certik, said during a Daily Live Live X Space Co -Inteleographic chain reaction, “is an endless war” between computer pirates and security experts.
Bitcoin grows at 1.7% of the global money supply
An August report by Bitcoin Financial Services Company River found that Bitcoin now represents 1.7% of the global money supply.
The company reached this conclusion with the weight of Bitcoin market capitalization against a basket of fiduciary currencies of $ 112.9 billion and $ 25.1 billion in hard money, not including silver, platinum and exotic metals.
River’s study assumed that Bitcoin has a market capitalization of $ 2.4 billion. At the time of publication, BTC market capitalization is $ 2.21 billion, which places Bitcoin’s participation in global money closer to 1.6%.
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