Author: changehero
September 3, 2021

This time around, while the market and prominent altcoins were soaring, Bitcoin is only moving from consolidation right now. Which cryptocurrency news created this situation? We tried looking into it and summing it up. Key Takeaways Bitcoin has seen a significant surge in trading volume and price only on Friday, while for the rest of […]

Weekly cryptocurrency news digest

This time around, while the market and prominent altcoins were soaring, Bitcoin is only moving from consolidation right now. Which cryptocurrency news created this situation? We tried looking into it and summing it up.

Key Takeaways

  • Bitcoin has seen a significant surge in trading volume and price only on Friday, while for the rest of the week it bounced between $49k and $47k;
  • Solana and Cardano are on the rise, as well as most currencies from the top-100;
  • In other news, Twitter beta client shows code for BTC tips, Binance eventually will go public in the US. Centre Consortium creates a team for a global stablecoin network.

ChangeHero Updates

New Currency + Zero Fee Offer: StormX (STMX)

Exchange STMX with zero fees
This week we have not only added the support of STMX token across our platform, but also waived all fees for a week! You only have this weekend to get a bag of StormX tokens with the limited offer.

Latest Cryptocurrency News Digest

Bitcoin This Week

BTCUSD chart: September 3, 2021
Source: TradingView
  • Earlier this week, the Bitcoin price was bouncing between $50k and $47,900. Sellers pushed the price to a weekly low of $47k on August 31.
  • With the lows came trading volume and price action. Just in two days, at September’s opening, BTC breached $50K. At the moment of writing, Bitcoin has printed a long green candle to $50,900 on the hourly chart, with the highest volume observed this week.

Will Bitcoin crash again from this spike? Metrics suggest not, read on in the next section!

Latest Bitcoin News

  • The most recent Glassnode report suggests that BTC could be repeating the 2013 double top scenario. As of now, it is in the accumulation zone, and the invalidation signal to watch is aggressive spending of old coins.
  • In El Salvador, a survey showed that two thirds of the population actually opposes the Bitcoin Law. Some of them have even taken to the streets on Monday

Altcoin News

  • Solana and Cardano reached new ATHs this week: SOL rallied from $81 to $145.97. Cardano in particular launched smart contracts on testnet, and broke through the $3 mark.
  • Decentralized lending protocol C.R.E.A.M. Finance suffered $18.8 million in losses from a flash loan exploit on August 31. The project team decided to collect 10% of all fees to reimburse the victims.

Business Cryptocurrency News

  • Multiple sources confirm that Binance has long-term plans to go public in the US. The news is especially surprising considering both the challenges of getting listed in the US and a flurry of legal warnings the exchange is receiving these days.
  • The Centre Consortium, run by USDC issuer Circle and Coinbase, announced plans to create a global stablecoin ecosystem. The particular focus would be given to Asian and African markets.

Cryptocurrency News on Adoption

  • Twitter iOS Beta Client reportedly includes an option to pay tips in Bitcoin. The feature has not been introduced to the interface yet but datamined text suggests Strike will enable Lightning Network functionality.
  • Decentralized search engine on Ethereum Presearch will become one of the default options for Android devices in the EU and UK. The decision followed a long legal battle with Google which is supposed to disrupt the monopoly of the tech giant.

Regulation & Politics Cryptocurrency News

  • The US Securities and Exchange Commission is reportedly investigating Uniswap Labs. At the time no convictions or allegations are made but the attorneys will have a deeper look into usage, reward mechanisms and the marketing of the DEX.

Social Media Cryptocurrency News Digest

Video of the Week

We talked about Bitcoin this week in detail but what about altcoins? Leave it to the YouTuber MoneyZG, who suggested top six projects to watch these days.

Cryptocurrency News from Twitter


For anyone vying for hot Ethereum news: Vitalik Buterin held an AMA (of sorts) on Twitter this week. Among the questions asked and answered were his experiences with other Ethereum co-founders, expectations and realities of shipping updates, ecosystem features and more!


Another Hollywood star announced a crypto position this week, and the choice of the first purchase became a subject of a heated debate.


The NFT world is riddled with a mystery of a 100 ETH NFT allegedly made by Banksy… or not? The lot was deleted afterwards, and the same artwork was featured on another token.

Influencer of the Week


The highlight of this week is user Ad_Infinitum: their username could be referring to the tendency of crypto to ‘only go up’. Either way, they provide plenty of commentary on news and market, as well as memes.

This Week on the Market

How is the market this week? At the moment of writing the digest, the general stats are:

  • Total Market Cap: $2,288,627,385,598 (+12.36%);
  • BTC Dominance: 41.8%.

7d Change in Top Coins

7D crypto digest: September 3, 2021
Source: CryptoRank

Which is the best altcoin to buy right now? Solana bore further into the top-10, while LINK and LTC are getting closer to it — definitely worth watching.
At the moment of writing, the weekly change of the top currencies is:

Gainers of the Week

Here are the altcoins that have scored most gains this week (and you can get on ChangeHero):

Conclusion

This about sums up a regular week in the crypto space: healthy but not mind-blowing growth of the market, new adoption milestones. We will have to see what Binance does to secure its listing or if Uniswap Labs gets away from SEC scrutiny.
If you liked it, check out the next weekly crypto news digest in our blog. Follow ChangHero on Twitter, Facebook, Reddit and Telegram for daily updates and more content.


Quick links:

0 0 votes
Article Rating
Subscribe
Notify of
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Brendan
Brendan
11 months ago

It’s the opposite. Alts follow bitcoin.

Tags

Cryptocurrency news digest

Uncategorized

Cryptocurrency News: Swiss City Embraces Crypto

If you thought the news last week was big, wait until you read our weekly crypto news digest of this week’s events. Lugano (Switzerland) makes Bitcoin, Tether and their own token legal tender (but not really), Ethereum miner revenues flipped Bitcoin, crypto execs turn down blanket ban on Russians. Continue to learn more about these […]

Author: changehero

228
0
March 5, 2022
Read more

Uncategorized

Криптовалютные новости: иск против Tether и NFT Википедии

Прошедшая неделя краткосрочно порадовала крипто-энтузиастов ростом биткоина до 50 000 $, однако вскоре первая криптовалюта снова подешевела. Шум вокруг NFT принес аукционным домам большую выручку, а власти разных стран до сих пор не могут решить, что делать с криптовалютами. Эти и другие криптовалютные новости — в нашем новом дайджесте! Ключевые выводы  Курс биткоина на прошедшей неделе […]

Author: changehero

83
0
December 17, 2021
Read more
Weekly cryptocurrency news digest

Uncategorized

Cryptocurrency News: Kickstarter, WhatsApp Move toward Crypto

The crypto market is in the red but some stories in the news are exceptionally loud — a few world-famous names have committed to crypto technologies. Everything you might have missed about the market, adoption and regulatory changes in crypto — summed up in our weekly crypto news digest. Key Takeaways The Bitcoin selloff that […]

Author: changehero

110
1
December 10, 2021
Read more
криптовалютные новости

Uncategorized

Крипто-новости: DDos-атаки на Solana и первые NFT от Pepsi

Столкнувшись с проблемами фиатных валют, население той или иной страны может обратиться за помощью к криптовалютам, как это было в Сальвадоре. Курс турецкой лиры на прошедшей неделе снизился, и жители стали активно использовать SHIB и USDT. Развитие альткоинов, а также продолжающийся NFT-бум также стали громкими новостными повестками уходящей недели. Эти и другие крипто-новости — в […]

Author: changehero

81
0
December 10, 2021
Read more
криптовалютные новости

Uncategorized

Криптовалютные новости: новый вид NFT и рост альткоинов

Несмотря на медвежьи настроения прошлых недель, крипто-рынок смог восстановиться и вернуться в фазу роста. Индия и Южная Корея продолжают разбираться с регулированием криптовалютных активов. Эти и другие криптовалютные новости — в нашем новом еженедельном дайджесте! Ключевые выводы  Курс биткоина на прошедшей неделе вернулся к росту: после того как начал неделю с 53 654 $, он […]

Author: changehero

82
0
December 3, 2021
Read more
Cryptocurrency news digest

Uncategorized

Crypto News Digest: India May Not Ban Crypto

ChangeHero team is back with this week’s crypto news digest. The Indian government may not ban cryptocurrencies. Jack Dorsey stepped down as Twitter’s CEO, and Square rebranded as Block. Stay with us. We covered everything that happened in crypto. Key Takeaways Reports suggest the Indian government may not ban cryptocurrencies and instead regulate them as […]

Author: changehero

134
0
November 27, 2021
Read more