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Cryptocurrency News for Today July 19 – BeInCrypto

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Cryptocurrency News for Today July 19 - BeInCrypto

Cryptocurrency News for Today July 19 – BeInCrypto
CONTENT

  • Russia promises to pass a law on cryptocurrencies again

  • Institutional and retail investors come into the industry

  • Chainlink has established itself in the top ten

International consortium of news organizations developing transparency standards.

Russian officials again recalled the need to regulate the crypto industry. Now the relevant laws are going to be adopted before the end of the year. Meanwhile, the cryptocurrency news space is still dominated by altcoins. Chainlink has firmly established itself in the top ten, and Binance has burned a record number of its BNB tokens. While everyone is waiting for the massive adoption of cryptocurrencies, experts explain that various factors are important for different groups of investors, and they affect their willingness to participate in the industry..

Cryptocurrency News for Today July 19 - BeInCrypto

Ethereum fees skyrocket to 2-year high

The explosive demand for DeFi projects has led to a lingering increase in fees on the Ethereum blockchain. The commission level on the Ethereum blockchain network has reached a two-year high. According to the analytical resource BitInfoCharts, the average daily network commission in Etherum as of July 19 is $ 0.372. The last time such commissions on the Ethereum network, with the exception of sharp spikes, were in February 2018, when the average commission was over $ 0.35. More details

Chainlink Enters Top 10 Cryptocurrencies By Market Cap

A milestone event took place for Chainlink (LINK) this past week – altcoin entered the top ten cryptocurrencies in terms of market capitalization. This promotion in the ranking was a consequence of the interest in the coin from cryptocurrency traders and investors, which has perked up noticeably in recent weeks. LINK has shown some of the best results over the past week, according to Coinmarketcap, recently hitting a record high of $ 8.33. Since then, the quotes have retraced slightly, but continue to trade near the $ 8.00 level. More details

Cryptocurrency News for Today July 19 - BeInCrypto

Regulation of digital currencies in Russia may be approved by the end of the year

The State Duma may approve a law on digital currencies as early as this fall, said the chairman of the Chamber’s Financial Market Committee. By the end of 2020, Russia may adopt a digital currency law. This was reported by RIA Novosti, referring to the statement by Anatoly Aksakov, Chairman of the Chamber’s Committee on the Financial Market. Aksakov also said that the committee will propose the submission of the bill “On digital financial assets” (DFA) for the second reading on July 21. More details

Retail crypto traders want to try everything – opinion

Hunter Merghart has over ten years experience with major investment banks including Credit Suisse Group AG and Barclays Plc. However, in 2018, he became interested in the cryptocurrency industry and left for a new industry. According to him, he saw the potential in the new asset class and moved to Bitstamp, one of the largest cryptocurrency exchanges of European origin. Mergart took over as head of the American division, which opened in New York in April 2019. He shared his vision of the industry and what is happening in it in an interview with Bloomberg. More details

Binance burns a record number of BNB tokens

On Friday, cryptocurrency exchange Binance announced the next quarterly burning of its Binance Coin (BNB) coins – ERC-20 tokens created on the Ethereum blockchain. This time, an unprecedented amount of coins was withdrawn from circulation – 3,477,388 BNB, which is equivalent to $ 60.5 million. Both of these figures, both in USD and in BNB terms, became record-breaking. For comparison, the previous time the number of destroyed tokens was about 3.374 million, or about $ 52.5 million. More

 

Cryptocurrency News for Today July 19 - BeInCrypto

 

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