Daily news and updates - 18/8/2021

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Bitcoin continues to soar reaching the 50K target with multiple attempts. “In comparison to the bull runs in 2017 and 2018, the current movement takes a more mature trend,” said Cynthia Wu, head of sales at Singapore-based digital asset services firm Matrixport. Seems like Bitcoin is creating stronger base around 44K now.

2) NFT sale booming with multilevel achievements this year

The number of sales on OpenSea, the largest NFT marketplace, reached more than 60,000 per day over the past week, nearly eight times the peak in March, according to a report by crypto intelligence firm Coin Metrics.

3) Market shows bearish trend

Markets bearish move is finally visible for more than 48 hours.

4) **Coinbase Whales** exposed at wall street

A review of regulatory documents reveals that a parade of megabanks, including Goldman Sachs, JPMorgan, CitiGroup and Bank of America; asset managers such as Millennium Management, BlackRock, Miller Value Partners and Bridgewater; and even states such as Tennessee’s Treasury, have told securities regulators they held COIN on June 30.

5) Dogecoin Foundation showing activity again

The foundation is now hoping to secure a three-year budget so that it can hire a small staff to work on dogecoin full-time. They resorted to Buterin as they boasts some well-known advisors and members of board. Ethereum co-founder Vitalik Buterin, who is serving as the foundation’s "blockchain and crypto adviser.

 6) Potential $350M Heist on SushiSwap prevented

According to a post published by SushiSwap on Monday, Sam Sun, and his colleagues Georgios Konstantopoulos and Daniel Robinson – all from San Francisco-based crypto investment firm Paradigm – reached out to the team at Sushi to alert them to “a vulnerability” on the “Dutch auction” contract on the Miso platform. Because of the collective efforts, SushiSwap says no funds have been lost.

 

7) UK Police Recover $22M in Stolen Crypto From Scammers

U.K. police have seized $22.2 million in cryptocurrency and made two arrests after specialist officers learned of a scheme in Greater Manchester that led to the discovery of USB sticks containing significant amounts of ethereum. Police said they have started returning the stolen assets to the rightful owners, some of whom are still unknown.

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