Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.
Review of the past week:
| August 14, 2024 |
Inflation in the United States in July decreased more than forecast to 2.9% Overall inflation was 2.9 percent in July on a yearly basis, the Bureau of Labor Statistics reported on Wednesday, down from 3 percent in June and slightly milder than what economists had expected. Read more |
| August 14, 2024 | Goldman Sachs invested $418 million in Bitcoin ETFs
The latest filing shows that as of June 30, Goldman Sachs held 6,991,248 shares of iShares Bitcoin Trust ($239 million), 1,516,302 shares of Fidelity Wise Origin Bitcoin ($79.55 million), 940,443 shares of Invesco Galaxy Bitcoin ETF ($56.19 million), 660,183 shares of Grayscale Bitcoin Trust ($35.15 million) .Read more |
| August 16, 2024 | Dubai court recognizes crypto as a valid salary payment
UAE lawyer Irina Heaver said the ruling shows the growing acceptance of crypto in employment contracts, recognizing the evolving nature of Web3 financial transactions. |
| August 16, 2024 | Donald Trump raked in over $7M from NFTs, new disclosure shows
Former president Donald Trump disclosed that he owns up to $5 million in crypto and has earned over $7 million from his three NFT collections. Read more |
| August 18, 2024 | Google took three months to remove scam app that stole over $5 million in crypto: lawsuit
Google has been served with a lawsuit from a Florida woman who claims she lost $5 million to a scam cryptocurrency app downloaded from the Google Play Store. Read more |
What’s coming up for us this week:
| August 21, 2024 | U.S. Federal Open Market Committee (FOMC) Meeting Minutes The Federal Open Market Committee (FOMC) Meeting Minutes are a detailed record of the committee’s policy-setting meeting held about three weeks earlier. Read more |
As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.
Best regards,
FYBIT team
