The introduction of crypto continues despite regulatory pressure

The cryptocurrency area recorded massive acceptance in August, although some regulatory authorities restricted the activities of cryptocurrency service providers

more and more financial institutions are increasing in cryptocurrency

One of the most interesting trends in August is the continued introduction of cryptocurrencies by institutional investors. Microstrategy confirmed its status as a perhaps most optimistic company in the cryptocurrency sector after it had issued another 177 million dollar on Bitcoin . In the past few months, the Bitcoin company has bought almost $ 3 billion and is one of the largest owners of cryptocurrency. The company holds over 100,000 bitcoins worth over $ 5 billion.

Financial institutes have also participated in the introduction of cryptocurrencies. Citigroup is expected to start trade with cme bitcoin-Futures soon. This is due to an increase in the inquiries from its customers to deal with cryptocurrencies.

Another US financial institution, JPMorgan Chase, also Started his in-house Bitcoin Fund for his wealthy customers. JPMorgan, the BTC arm of the asset management company Stone Ridge, has teamed up with Nydig to offer its wealthy customers the Bitcoin fund. The fund is intended to provide the wealthy customers of JPmorgan indirect access to cryptocurrencies.

Wells Fargo is the third traditional US bank that is getting into the cryptocurrency area this month. The bank Supervisory authorities of the United States registered to enable its wealthy customers to engage in the leading cryptocurrency. Wells Fargos Bitcoin Fund is a partnership with Nydig and FS Investments and is called FS Nydig Bitcoin Fund.

Leading investment manager Neuberger Berman Bitcoin and ether included in his fund strategy. The asset manager with an managed assets of over 400 billion. The asset management company said that it has always been fascinated by Bitcoin and what the cryptocurrency has to offer.

Popular chip manufacturer bought Coinbase-Aktien in the second quarter of the year. Intel believes in the Coinbase business model and believes that it could control a large part of the cryptocurrency market in the coming years.

AMC, the largest theater chain in the USA, at the beginning of this week that Bitcoin will be accepted as a means of payment before the end of the year. The company will accept BTC payments for tickets and concessions in its 593 theaters in the United States.

Walmart also wants to get into the cryptocurrency area and would like to hire a manager for crypto products. The company published a LinkedIn-position indicator indicates that it is looking for a candidate in leading and scaling companies. The candidate will also be able to identify cryptocurrency -related investments and partnerships.

regulatory authorities make it serious about regulating cryptocurrencies

The market for cryptocurrencies is growing, and this has made it necessary for the supervisory authorities in different parts of the world to consider and ensure that investors receive the required level of protection. The chairman of the US stock exchange supervision SEC discussed this month in detail the need to regulate the cryptocurrency market. He explained the must regulate the decentralized financial area (defi), Stable coins and cryptocurrency exchanges. He asked the United States' congress to give the SEC more resources and powers to strengthen their supervision of the cryptocurrency market. According to Gensler, some defi projects fall into the responsibility of the SEC and have to regulate them.

At the beginning of this month, the Spanish regulatory authority has the National Securities Market Commission A warning issued to some cryptocurrency exchanges and trading platforms for the operation of investment platforms, without registered with the authorities be. The cryptocurrency exchanges Huobi and Bybit were among the 12 companies warned by the Spanish supervisory authority.

The regulatory challenges of Binance continued this month and led to the cryptocurrency exchange made changes to their operations. The Dutch central bank warned that Binance was in the country.

The cryptocurrency exchange has set the derivative trade in Hong Kong and Australia . In addition, due to regulatory challenges, she hired the futures trade services in Brazil. In South Korea, the South Korean Won-Traden Paircy, obtained payment options and the Korean language support have stopped on its platform.

The poly network hack ends with good news for everyone involved

An important event this month was the Hack of Poly Network. The attacker History of the Defi sector. However, the attacker claimed to have done this to show the security gaps in the network. The attacker returned the money to the Defi protocol and also the keys of the wallets. The developers of Poly Network offered the attacker the role of Chief Security Advisor and a bounty of $ 500,000. Despite the phrases of the events, the cryptocurrency project was able to receive the entire $ 611 million that it had lost in the attack.

Leading search engine Google has Cryptocurrency companies allowed to advertise their services. Crypto bonds and wallet service providers can apply for their products and services on Google. The search engine giant said that Initial Coin Offerings (ICOS) and Defi trading protocols are not allowed to advertise on Google.

PayPal introduces its cryptodic services in Great Britain

PayY Had introduced cryptocurrency services. The payment giant launched its cryptodes last year. However, it was limited to dealers in the United States. British dealers can now buy, sell and hold cryptocurrencies via their PayPal account.

The london fork in the Ethereum network at the beginning of this month. The Hard Fork brings the migration of the Ethereum network closer to a Proof of Stake protocol. While the London Fork does not lower transaction fees in Ethereum blockchain, it makes it easier for users to predict transaction fees they will pay in the network.