Crypto Week: August 30 - September 5, 2021
Crypto Week: August 30 - September 5, 2021 Crypto Week: August 30 - September 5, 2021

Crypto Week is a weekly series that consists of short summaries of the most interesting, important and most read news. This way you can always stay up to date with the world of cryptocurrencies.

In the 35th week of the year (August 30 – September 5), we wrote about big rate hikes (which unfortunately missed Bitcoin), Art Blocks collections, Binance.US going public, and decentralized politics, among other things. Check out what else you might have missed.

Investing safely in cryptocurrencies

Although it’s been three years since the Bitconnect platform turned out to be one of the biggest scams in the history of cryptocurrencies, the case still stirs up a lot of emotions. In addition, now, 3 years after the scam, the SEC is suing the platform for selling over $2 billion worth of tokens. The showdown between Ripple and the SEC also continues. Given that a judge is ordering Ripple to turn over 1 million Slack messages to the SEC, it’s going to take a long time to read the new material.

In the past week, we also covered a new report from analytics firm Chainalysis on where the most cryptocurrency fraud is occurring. Despite his earlier declarations, Changpeng Zhao announced that Binance.US plans to go public, which may reassure people who, due to Binance’s problems, began to worry about the safety of their funds.

What next for the BTC exchange rate?

As for the end of holidays, August provided investors with an exceptionally large number of opportunities to earn money. At least for those who invested in altcoins, because with the exchange rate of BTC not much happened: Ranking of cryptocurrencies August 2021 | Everything but bitcoin. However, hopes for a new ATH are not diminishing, especially since solittle bitcoin on Coinbase hasn’t been since December 2017.

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Additionally, Mike McGlone of Bloomberg Intelligence believes that an investment portfolio without bitcoin is naked, so he recommends adding it to an investment portfolio alongside bonds and gold. Some internet users believe that the predictions of well-known analysts and market insiders are often greatly exaggerated. If you also belong to this group and do not believe in a million dollars for Bitcoin, you will be surprised by the valuation prepared by a large asset management company Fidelity | 1 bitcoin will be worth 1 billion dollars.

The altcoin market

Last week we also wrote about what a dogecoin million aire (a 33-year-old investor who became a millionaire thanks to the meme cryptocurrency) is investing in. So far, his new choice has proven to be a hit, especially since it broke the Cardano | $3 price record for the first time. Huge increases and piercing ATH practically every day were also recorded on SOL(Solana is getting higher | SOL on the 7th place TOP 10 digital assets).

ETH investors are also counting on another ATH, especially since the cryptocurrency’s price broke through the psychological barrier and Ethereum was recorded at $4000. In addition, for the first time in history, the number of burned ETH exceeded the number mined, making Ethereum deflationary | An unprecedented case.

NFT corner

When thinking about NFT, many people associate images of stones or pictures of dogs, for which investors are willing to pay hundreds of thousands of dollars. On the other side, however, there are works that are truly interesting and unique, whose common denominator is Art Blocks. Although investing in these NFTs requires a lot of money these days, it’s worth knowing what Art Blocks are and why do they sell so well? This is one of the 7 hottest NFT trends you can see in the market right now. You can find the others in the NFT Trends Overview article.

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Worth knowing

In this section, we recommend articles that may be challenging to read (due to vocabulary or topics covered), but at the same time can be very beneficial (and certainly broaden your knowledge). Check <a href=”

taloby-sie-with-bitcoin-when-the-internet-was-gone/” target=”_blank” rel=”noopener”>what would happen to bitcoin if the Internet were gone. In the latest in our Crypto Critic: Let’s Decentralize Politics

series, you can explore the idea of a decentralized government, which could prove to be a generational turning point in human evolution.

Most Popular Article of Week 35


most popular (in terms of views) article of week 35 turned out to be the text about deflationary Ethereum, which was viewed 35,560 times. Since the article has already been mentioned in the altcoin-related block, it is worth noting the text describing the protests in El Salvador over the introduction of BTC

. This article recorded almost 14,000 views.

As for the cryptocurrency market, in the passing week one could not complain about boredom and this despite the lack of significant movements of BTC.

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