Newsletter Aug 16, 2022
Ethereum's Bullish Momentum Continues With Awakening Of Genesis-ICO Whale As Merge's Completion Nears

The colossal whale's movement has since captured the attention of investors, with some speculating that it could be dumped before The Merge.

Futures Trader Analysis Anticipates Shiba Inu's Incoming Bull Run; Analysts Predict $0.00002408 2023 Price

There is so far no concrete explanation on why SHIB is poised to trade higher but the crypto asset showed a heavy trading volume, which increased by 113.8% Monday.

Acala Community Burns Token For Repeg Of aUSD Stablecoin

The Acala community has burned excess aUSD tokens to repeg the stablecoin to the US dollar.

Binance Receives In-Principle Approval To Operate In Kazakhstan

The CEO of Kazakhstan's independent financial regulator AFSA said that granting Binance an in-principle approval will initiate a "vibrant ecosystem of digital assets industry locally and regionally."

Revolut Wins Cyprus SEC's Approval; To Set Up Crypto-Asset Hub For European Customers

Revolut aims to form a new European crypto-asset hub so that it can feasibly provide crypto services to its 17 million customers in Europe.

Dragonfly Acquires Crypto Hedge Fund MetaStable Capital, Rebrands

Dragonfly adopted a new logo and a new aesthetic for its website which will feature "less Patagonia, more ASCII."

Crypto.com Agrees To Offer Services In Canada Under OSC

The exchange will reportedly work with the securities regulator "to offer a suite of products and services in full compliance with Canadian regulations."

Crypto On Aug. 16: Bitcoin Loses $24,000, Ether Retests $1,800

The market dominance of the world's biggest cryptocurrency dropped to 40.21%.

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