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Market Updates

Bitcoin currently priced at $6,885. Volume for the last 24 hours has been $10.9B.

Here’s what you need to know:

▪️IOTA announces partnership with Japanese giant Fujitsu. Price spikes 21%. 

▪️As cryptocurrency gains popularity in Israel, Finance Ministry publicly consider launching a state-backed virtual currency as a way to lower the number of cash transactions in the nation, while cracking down on tax evasion and money laundering. 

▪️GMO Internet, a leading Japanese bitcoin mining firm, has informed investors that it has stopped mining bitcoin cash. Documents that were recently made public show that the Tokyo-based GMO mined 0 BCH in July, down from a high of 287 in February.

▪️Iran will likely reverse its cryptocurrency ban in September, a central bank official told a conference August 26, paving the way for official regulation in the country.

▪️Reddit Co-founder Alexis Ohanian has revealed his optimism about the future success of Bitcoin despite the daily slump in price

▪️$80m worth of Tether has been transferred to Bitfinex.

Thank you for reading. Stay tuned for more…

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