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Strong buyer demand; Bitcoin reaches a 24-hour high of $47,359

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Strong buyer demand made Bitcoin reach above 6% in 24 hours just after breaking through the $47,000 barrier. 

Bitcoin Bitcoin The North-Eastern Chronicle

According to sources, the largest cryptocurrency in the world has reached a high of $47,359 within 24 hours and is currently up 62.2 per cent year to date. With one BTC (+6.61%) costing around $47,100, the prices are now slightly above the $47,000 mark.

Japanese cryptocurrency exchange

A Japanese cryptocurrency exchange informed on Thursday that some hackers had stolen $97 million in digital coins. 

Several of their digital currency wallets were “compromised,” and hackers have transferred the coins to 4 different wallets, according to the statement made by the company. 

Also Read: LPG Price Hike! Cooking gas gets costlier by Rs 25 for each chamber – check rate in your city

Announcement made by Wells Fargo

On Thursday, Wells Fargo made an announcement that they had opened a fund, which is a private bitcoin (BTC, +6.65% ) fund, with regulators from the US. 

Now it is considered the second megabank where the wealthiest customers benefit from an indirect crypto investment vehicle.

Cardano (ADA) price rose

On Thursday, in digital asset markets, Cardano (ADA) price increased up to $2.44. 

It approaches an all-time high as investors wait for the release of the planned “Alonzo” upgrade in September, which would introduce smart-contract functionality to the network addressing one of its most obvious flaws, as per critics. 

Fintech Fast Track Program by Visa

A  payments company called Wyre has participated in the Fintech Fast Track Program by Visa, getting access to Visa’s technology and other valuable features. 


The most popular cryptocurrency exchange, Coinbase in the United States, made an announcement of adding a cryptocurrency of half a billion dollars to its balance sheet. 

In a tweet that was posted on August 20, CEO of Coinbase, Brian Armstrong, says that they got approval from the business’s board of directors for the crypto spending spree. 

He also added that the company wants to bear 10% of all earnings earned in the future.


“Aux Cayes FinTech Company Limited, a legal corporation based in the Republic of Seychelles and the operator of the cryptocurrency exchange OKEx, had broken the province’s securities law,” stated the Ontario Securities Commission.


Gary Gensler, the head of the Securities and Exchange Commission in the US, noted that DeFi is very condensed in some respects and advised all the projects that are involved in the sector to register with the SEC. 

The word DeFi’s indicated decentralized principles were “a bit of a misnomer.” Says Gensler to The Wall Street Journal on August 19.

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