Crypto News Cast For August 18th 2022 ?

Crypto News Cast 📮 18-08-2022

News Source

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today, It includes all the latest news, prices, and events in the cryptocurrency world.

24hours Cryptocurrency Market Cap:

📈MarketCap: $1120 B
📊24h Mcap %: 1.24%
⚠️Bitcoin Dom: 40.10%
📌Active Coins: 11788
📍24h Vol %: -6.70%
💲24h Vol: $61 B

Crypto News Updates :

Colombia Intends To Use Digital Currency To Cut Down On Tax Evasion
XRP Labeled As “Digital Currency” By HSBC, Wells Fargo, And Goldman Sachs
By Year’s End, Kraken CEO Wants To Spend One Bitcoin On A Bugatti
The Total Amount Of ETH Staked Nearly Doubles In A Year
Monochrome Bitcoin Fund Considers Bitcoin ETF In Australia
Ethereum Will Rally After The Merge Like Bitcoin Halving
Elon Musk Is Urged By Michael Saylor To Purchase More Bitcoin
The Houston Texans NFL Team Now Accepts Bitcoin For Single-game Accommodations

Register at the best crypto leverage exchanges

– Colombia Intends To Use Digital Currency To Cut Down On Tax Evasion

Luis Carlos Reyes, head of the DIAN, the Colombian tax authority, has made statements suggesting that the government of Colombia intends to introduce its own digital currency soon. In order to reduce tax evasion, which is thought to account for between 6% and 8% of Colombia’s GDP, Reyes informed local news site Semana that this would be one of Gustavo Petro’s ideas upon his presidential inauguration. Read Full on Bitcoin News.

– XRP Labeled As “Digital Currency” By HSBC, Wells Fargo, And Goldman Sachs

XRP was just designated as a “Digital Currency” by Goldman Sachs, Wells Fargo, and HSBC, which is a win for Ripple in its legal battle with the SEC. The fact that XRP has been identified as a nonsecurity in numerous publications supports Ripple’s complaint. One article on DLT technology was written by HSBC and mentioned Ripple, saying that by using tokens that represent central bank currencies, Ripple’s XRP ledger enables real-time cross-border settlements.Read Full on U.Today.

– By Year’s End, Kraken CEO Wants To Spend One Bitcoin On A Bugatti

Jesse Powell, the CEO of San Francisco-based exchange platform Kraken, says that he was still enthusiastic about Bitcoin and hoped to exchange one Bitcoin for one Bugatti by the end of 2022. When Powell was reminded of his predictions on August 26 when Bitcoin was valued at $48,000, he didn’t back down. He admitted that he hadn’t anticipated the winter market to be as brutal, making the top Cryptocurrency fall till $17k levels. Read Full on cryptoslate.

– The Total Amount Of ETH Staked Nearly Doubles In A Year

The total quantity of the native token staked on the Ethereum (ETH) blockchain has reached a new all-time high, nearly doubling over the previous year, as the Merge update of the blockchain draws nearer. Specifically, despite its price falling by 43% over the same period, the quantity of ETH staked on August 16 reached 13.29 million, substantially doubling from the previous year.Read Full on Finbold.

– Monochrome Bitcoin Fund Considers Bitcoin ETF In Australia

Monochrome Bitcoin Fund gets a special type of regulatory approval to introduce another spot bitcoin exchange-traded fund (ETF) in Australia. Vasco Trustees, the custodian partner of the bitcoin-focused asset management, gained authorization to run spot crypto-based ETFs on Tuesday. Vasco’s acceptance by the Australian Financial Services (AFS) gives investors more clear expectations of a spot ETF.Read Full on Bitcoin Magazine.

– Ethereum Will Rally After The Merge Like Bitcoin Halving

Arthur Hayes, a former CEO of BitMEX, described how he anticipates Ethereum traders to behave both before and after the merger. Based on the technical aspects of the upgrade, he predicts that Ethereum will increase in value following a smooth transition in September, much like Bitcoin does when it periodically halves. Due to the reciprocal relationship between Ethereum’s price and its deflationary characteristics, Hayes thinks that this phenomenon will boost the value of the cryptocurrency.Read Full on CryptoPotato.

– Elon Musk Is Urged By Michael Saylor To Purchase More Bitcoin

Michael Saylor, a well-known Bitcoin advocate who had earlier announced his resignation as MicroStrategy CEO, responded to Elon Musk’s ironic tweet about wanting to buy the Manchester United football team. Elon is further urged to purchase more bitcoin by Michael Saylor. The eccentric millionaire tweeted in March of this year that he was not selling his cryptocurrency holdings, which at the time included Bitcoin, Ethereum, and Dogecoin. Read Full on U.Today.

– The Houston Texans NFL Team Now Accepts Bitcoin For Single-game Accommodations

According to a news release, BitWallet has joined forces with the Houston Texans NFL club to serve as the organization’s official digital currency wallet. With BitWallet acting as the middleman to enable the conversion of bitcoin to currency after the transaction. Supporters of the NFL club will be able to use bitcoin to buy single game suites. In fact, a digital marketing company named EWR Digital purchased the first suite from The Houstons.Read Full on Bitcoin Magazine.