After last week was closed green, this week was again a green week for the bitcoin (BTC) rate! A lot has happened again in the crypto world. In this article you will find a weekly overview of the most important bitcoin and crypto news of this week.
Bitcoin (BTC) price continues to rise, and how!
Starting with the bitcoin price. This has continued last week’s increase and at the time of writing is more than 18% higher than at the beginning of this week. A long green candle brought bitcoin back from around USD 35,000 to the resistance zone near USD 40,000. Together with last week’s increase, bitcoin is more than 40% in the plus!
Ethereum (ETH) “merge” in six months, new milestone
Early this week did Ethereumfounder made some interesting statements. Vitalik Buterin said that the merge, the merger of the current Ethereum network with the new network can already take place in six months. You can read more about this here.
Meanwhile, the Ethereum 2.0, which is currently already in the testing phase, achieved an important milestone. The leading limit of 200,000 validators was broken. With that, a whopping 6,605,328 ETH is locked into the contract, making the confidence of investors in the new network abundantly clear.
Amazon is looking at bitcoin (BTC)? Nope
The news that the recent rise in bitcoin may have given a significant boost was the rumors about Amazon. That mega-corporation might be looking at bitcoin and a few other cryptocurrencies. Company denied these rumors not long after.
Crypto exchange Binance is turning things around
After the news that crypto exchange Binance has been rapped by a number of regulators, the company has embarked on a completely new path. Earlier, the exchange stated at the same time with FTX the maximum leverage down to 20x.
The withdrawal limit was also adjusted downwards. Basic accounts can now only withdrawing $2,000 a day. Also, Changpeng Zhao (CZ) looking for a replacement CEO and Binance focuses on Europe. Recently Dutch people can no longer open futures accounts.
Cardano (ADA) Alonzo update may already be at the end of August
Then we close the weekly overview with some positive news. The founder of Cardano, Charles Hoskinson, said yesterday that he expects the long-awaited Alonzo update to still take place at the end of August, early September. Read more about the update here which will activate smart contracts on Cardano!
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