TRON is all set to jump into the DeFi wave as founder Justin Sun hints that TRON will become one of the top protocols for DeFi in the coming months.

A Fed board member has revealed that the central bank is working over the past few years for CBDC DLTs and how they would fit in the U.S. economic structure without disturbing the financial stability.

Top delegates from the financial world will be meeting on Wednesday, August 19, to discuss a viable design infrastructure for the Digital Pound and see how it fits in the country’s financial ecosystem.

The Bitcoin mining hashrate has surged despite the Bitcoin halving event in mid-May 2020 which reduced the mining rewards from 12.5 BTC to 6.25 BTC.

The DoJ has seized nearly 150 such suspicious accounts which had laundered money by running donation campaigns through social media.

The cryptocurrency market has had yet another interesting week, characterized by several price swings and trading volume modifications.

The DeFi market surge has pushed the user activity to surge on the Ethereum blockchain which has ultimately pushed the ETH gas fee and hashrate higher.

MicroStrategy said that the BTC purchase comes as part of its strategy to hedge inflation risks and thus maintain its continued growth going ahead.

As Facebook looks to expand it footprint in the FinTech space and across all its platforms, the company plans to consolidate its payments business under one umbrella.

The surge in the price of the LINK tokens has also contributed to a massive surge in the DeFi market.

Goldman’s digital assets chief that a fiat-pegged stable coin will allow real-time settlement for cross-border payments making the overall process much more efficient.

The past week has been marked by a slight degree of volatility on the cryptocurrency market, given the fact that prices dropped abruptly between the 1st and 2nd of August. However, right after the drop, a slow but steady uptrend began, thus bringing prices back to their previous higher values.

Bloomberg explains some interesting mathematical correlations between Bitcoin and gold and says that Bitcoin price can cross $18,000 while Gold can also reach $3000 per ounce.

The Department of Economic Affairs (DEA) said that the inter-ministerial committee will examine the bill and move a cabinet note in due course.

The Medalla testnet will give an early assessment into how Ethereum 2.0 mainnet will behave with multiple clients.

An independent panel of financial industry leaders submitted a report stating the central banks can take inspiration from Ripple technologies while developing the own CBDCs.

The Bank of England has asked Accenture to build its new RTGS Payments network which also provides support for handling digital currency transactions in case the central bank launch its own CBDC.

Bitcoin had a price peak of $11,354 was reported this week, and its current price is of $11,160. Thus, an uptrend in the value of BTC and other cryptocurrencies was achieved this week, which also influenced the derivatives market as we will later see.

The Shelley mainnet bring new capabilities to the Cardano platform in terms of staking, DApps, smart contracts, and a new guided governance system.

Thailand is seeing a growing number of crypto businesses getting license from the regulators. The crypto businesses are categorized as crypto dealers, brokes, crypto exchanges, and ICO portals.