Crypto News Cast For August 8th 2022 ?

Crypto News Cast 📮 08-08-2022

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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: $1131 B
📊24h Mcap %: 28.79%
⚠️Bitcoin Dom: 40.60%
📌Active Coins: 11564
📍24h Vol %: 14.10%
💲24h Vol: $62 B

Crypto News Updates :

Bloomberg Intelligence Reports Bitcoin May Start Acting Like US Treasury Bonds
Brevan Howard’s Subsidiary Raises $1 Billion For Crypto Fund
In July, Core Scientific Raised Bitcoin Production By 10% Despite Texas Power Outages
Crypto.com Marks A Significant Regulatory Milestone In South Korea
According To A Regulator, 7% Of Spanish People Hold Cryptocurrencies
Over 39,000 Cryptocurrency ATMs Have Been Installed Worldwide
China’s Taiyi Group Purchases Huobi’s Metaverse Exploration Communication Tool

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– Bloomberg Intelligence Reports Bitcoin May Start Acting Like US Treasury Bonds

According to Bloomberg Intelligence’s most recent analysis of the cryptocurrency market, Bitcoin (BTC) may begin to act more like gold and US Treasury bonds than stocks. Additionally, they noted that the dump-following-pump characteristic of commodities and declining bond yields point to a higher likelihood that bonds, gold, and Bitcoin will gain value as inflation declines. The analysts concluded that Bitcoin had been among the best-performing assets. Read Full on cointelegraph.

– Brevan Howard’s Subsidiary Raises $1 Billion For Crypto Fund

According to reports, the BH Digital division of Brevan Howard Asset Management has raised $1 billion from institutional investors for its cryptocurrency strategies and is currently taking new investments. With the increase, BH Digital is now reportedly capable of deploying up to $1.5 billion, and that capacity is anticipated to grow. The fund is still accepting new investments, but the minimum amount required is $5 million. Read Full on Crypto Briefing.

– In July, Core Scientific Raised Bitcoin Production By 10% Despite Texas Power Outages

Despite having to shut down multiple times due to demand on the Texas power system, the cryptocurrency mining business Core Scientific announced that its operations produced 1,221 Bitcoin (BTC) in July. According to Core Scientific, its monthly production of Bitcoin grew from 1,106 in June to 1,221 in July, an increase of nearly 10.4%. Due to extreme temperatures at various data centers, the company reported that operations had been slowed.cointelegraphhttps://cryptobriefing.com/bh-digital-raised-1-billion-for-crypto-investments/ Read Full on cointelegraph.

– Crypto.com Marks A Significant Regulatory Milestone In South Korea

Crypto exchange Crypto.com claims that after securing two local enterprises, it has reached a significant milestone in South Korea by gaining access to registration for payments and cryptocurrencies. They are now officially registered as South Korean Virtual Asset Service Providers under the Electronic Financial Transaction Act. This registration as a virtual asset service provider will enable Crypto.com to offer custody and exchange services for digital assets. Read Full on cointelegraph.

– According To A Regulator, 7% Of Spanish People Hold Cryptocurrencies

According to the National Securities Market Commission (CNMV), the leading regulatory body in Spain, 6.8% of the country’s adult population has some of their wealth invested in cryptocurrencies. The majority of them came from the high-income group; people on lower wages do not find this asset class to be as alluring. The CNMV polled 1,500 persons in Spain to see what percentage of them had invested money in the market for digital assets. Read Full on CryptoPotato.

– Over 39,000 Cryptocurrency ATMs Have Been Installed Worldwide

Automated teller machines (ATMs) that distribute digital currency have surpassed 39,000 worldwide during the first week of August 2022. According to statistics compiled by coinatmradar.com, 614 crypto ATM operators have actually installed 39,011 cryptocurrency ATMs in 77 countries. Around 969 crypto ATMs were installed on January 1, 2017, and since then, that number has increased by 3,925 percent.Read Full on Bitcoin News.

– China’s Taiyi Group Purchases Huobi’s Metaverse Exploration Communication Tool

Chinese businesses are paying more and more attention to expanding the metaverse. Companies have made significant expenditures in both hardware and software despite top-down state control. One such company, Taiyi Group, has just announced the purchase of Huobi’s communication platform, known as Huoxun. The objective is to make Huoxin the first social platform in the world, with an emphasis on data storage and metaverse development.Read Full on CryptoPotato.