Among the outstanding news of the week is the approval of the Infrastructure Bill in the United States, without the amendment that had been requested for the cryptocurrency sector. The bill now goes to the House of Representatives, the highest legislative body that will finally define its approval.
The price of bitcoin exceeded USD 47,000 this week. On average, the pioneer cryptocurrency rose by more than 4% over these seven days. At the time of this writing, BTC is trading at USD 47,541, as reflected in the market price of Latin America and Spain, according to the CriptoNoticias price calculator.
With CriptoNoticias, the Interested parties can keep up to date on price changes in the bitcoin and ether market in relation to their local currency. To do this, they can visit the BTC and ETH Prices section, which has a calculator to make conversions quickly and easily to your national currency.
These are the most outstanding news:
- On August 10, 2021, the United States Senate approved the so-called Infrastructure Act, not including the amendment that corrected the terms that came into conflict with the Bitcoin industry and ecosystem. This occurred shortly after, after intense discussions throughout the weekend and a last hearing on August 9, a group of senators of different political tendencies came together to support a single amendment that favored the sector. However, the amendment was not introduced in the bill.
- Last Tuesday, August 10, the DeFi protocol for the operation of multiple blockchains, Poly Network, was violated. The attacker stole at least $ 600 million in cryptocurrencies and tokens. Later, in a surprising turn of events, the hacker began to return the stolen money . By August 13, he announced that he would hand over everything stolen, saying that he was not interested in money and that he just wanted to teach the platform a lesson. He even answered questions from the community about what had happened.
- According to Coin Metrics weekly report, commission burn is already leading Ethereum to an improvement in the ether supply economy (ETH ), the native cryptocurrency of this network. One week after the implementation of the EIP-1559 improvement proposal that was activated with the London bifurcation, analysts observed that some blocks were deflationary. On the other hand, according to the information collected in the Data Dashboard of The Block, Ethereum miners have obtained higher income than Bitcoin in the last three consecutive months.
- In Venezuela, a group of miners operating in the state Carabobo whose electricity service had been suspended last Saturday, August 7, are operational again . The restitution of the service was made after a meeting with the Superintendency of Criptoactivos (Sunacrip), and representatives of the National Association of Cryptocurrencies (Asonacrip). A consulted source, who prefers to reserve his identity, indicated that 9 mining farm operators would be there taking advantage of the approach with the authorities to regularize their legal status.
- The president of Argentina. Alberto Fernández, assured in an interview that “the discussion about cryptocurrencies is worldwide” and that they constitute “a matter of care.” The Argentine president admitted his ignorance about crypto assets and remarked that they allow fighting inflation, an economic evil that has affected his country for decades. His opinion was contested by Rodolfo Andragnes, president of the NGO Bitcoin Argentina, who considered “a utopia” to imagine that a country like Argentina, which depends a lot on printing money, can fight inflation with Bitcoin.
If you want to know the meaning of several words in the cryptoworld terminology, you can consult them in the extensive Glossary of CriptoNoticias.
To the moon (To the moon / Mooning): expression used to refer to the sustained upward trend, or bullish, in the change in the price of a cryptocurrency. Talk about the sentiment of the market players. For example: bitcoin went “to the moon” when its price rose from $ 1,000 to almost $ 20,000 in a few weeks.
CryptoNews Glossary .
