Cryptocurrency news for today 8 August



Cryptocurrency news for today 8 August

Cryptocurrency news for today 8 August

  • Bitcoin network fees are rising

  • Iran Seeks Leadership in Crypto Mining Industry

  • Ukraine convert the hryvnia into figures

International consortium of news organizations developing transparency standards.

Bitcoin is still consolidating under the $ 12,000 mark, but transaction fees for the first cryptocurrency have already grown significantly. The number of daily used bitcoin wallets has also settled above the 1 million mark, which means that a new form of money has already firmly entered our life. Obviously, the Ukrainian authorities understand this, therefore they are actively working on the legalization of cryptocurrencies and the regulation of everything connected with them, and Iran is trying to win its place under the sun in the cryptomining industry..

Cryptocurrency news for today 8 August

Russian banks saw the benefit of the FTS blockchain platform

Financial institutions noted an improvement in the efficient provision of additional government support measures to businesses, including soft loans. The new blockchain platform, developed by the Federal Tax Service of Russia, has made it possible to effectively unite business and government in digital format amid the coronavirus pandemic. This was reported on the official website of the Federal Tax Service of the Russian Federation. More details

One country, two crypto projects – how Ukraine is digitizing the hryvnia

While the chairman of the Central Bank of the Russian Federation Elvira Nabiullina and the Ministry of Finance of the Russian Federation continue to argue that Russia does not need a national cryptocurrency (CBDCBills and coins may be a thing of the past due to a new financial instrument – central bank digital currencies (CBDC). As … More), Ukraine has developed and successfully tested a digital version of the hryvnia. In order to understand the initiative and find out at what stage the crypto project of a neighboring country is, the editorial staff of BeInCrypto has collected all information about it in one material. More details

Iran seeks world domination in crypto mining

The Iranian government plans in every way to support the operation of the power plant, which will mine bitcoins. Thus, the country’s leadership seeks to support cryptocurrency mining and get ahead of the United States in this direction. There is an influx of miners in Iran due to cheap electricity. This has made the country one of the most significant crypto mining regions outside of China. Only the United States can compete with Iran, which has recently acquired a significant part of its computing power. More details

In the DeFi market, Decentralized Finance (DeFi) is financial services built on blockchain technology that offer users access to an open, efficient, and … More Domino Threat Looming – Opinion

As decentralized finance evolves, the interconnection between projects increases, signaling the potential threat of a market-wide collapse. Every day, the ecosystem of decentralized finance (DeFi) is growing significantly and becoming more interconnected. As analysts of the DappRadar service found out, such growth may mean not only the emergence of new DeFi products, but also the maturing risks associated with the security of such projects. More details

Cryptocurrency news for today 8 August

Why Bitcoin Fees Are Soaring Again

Following the growing exchange rate of BTC, fees for transactions with bitcoin have also crept up, and this is not such good news. In July, the bitcoin rate (BTC) finally broke through the important psychological barrier of $ 10,000, which seemed insurmountable for some time. However, there is a downside to this good news. The transaction fees on the bitcoin network have also increased. More details



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