Cryptos

Crypto Roundup: August 23, 20,21

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BitcoinAfter a week in digital asset markets, some of the largest companies in the world made significant progress, the mark has been crossed once more.

Retail giant WalmartPost a job as a crypto expert to research virtual payment options. FacebookMicrosoft announced that their crypto wallet was nearing its launch date and that it was looking into using it. EthereumTo Counter-piracy. In the meantime, The United States’ second largest mortgage lenderIt has made it clear that it will accept crypto-asset payments in return for home loans.

This headline-grabbing news helped the markets ignore a exchange hackJapan has seen an increase in prices. These assets are the best performing. CardanoAlonzo’s next upgrade brought a record number of, which reached an all-time high. AlgorandThis was 25% more than the launch of a tokenized real estate market.

Highlights from this week

  • Alonzo upgrade makes Cardano the third-largest crypto after Cardano
  • Facebook’s crypto wallet gets ready for launch

Alonzo upgrade makes Cardano the third-largest crypto after Cardano

Cardano rose quickly through ranks last week, ppling Tether. BNBThe third largest crypto-asset market capitalization.

ADA, an Ethereum rival, has reached new all-time highs of 40%. This represents an increase of over 100% for August. This follows the much anticipated Alonzo upgradeCardano’s long-awaited smart contract feature will be made available by, according to.

Based on data from CoinSharesInstitutional investors could be responsible for a portion of the Cardano price surge. According to the latest report by the crypto-asset manager, Cardano has attracted institutional investors of $ 39 millions since the beginning of the year.

Facebook’s crypto wallet gets ready for launch

Facebook’s Novi Wallet is Designed for Its Blockchain Based Stablecoin DiemAccording to the cofounder,, is “ready hit the market”. David Marcus.

The project, previously known as Calibra was designed to challenge traditional payment systems with “an interoperable, digital wallet that will allow people and eventually small businesses to transfer money.” [via the cryptoasset Diem]Everywhere, nationally and internationally, quickly and easily.

Traders will be closely monitoring the project to see if it can bring some of Facebook’s vast global user base into the crypto asset ecosystem.

The week ahead

After Bitcoin explodes to $ 50,000, excitement builds. The historic highs of $ 65,000 are just a few steps away from this psychological threshold.

Fed officials will meet this week to discuss the possibility of reducing monetary stimulus. This is widely believed to be what propelled stocks to record heights. Any proposed policy change could increase Bitcoin’s volatility. Research from HealthOver the past month, has been “quite strongly” correlated with the S&P 500.

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