Bitcoin is up .5% at $36,583
Ethereum is up 1% at $2,442
and Binance Coin is up .5% at $373

Fantom up 23%
Helium up 19%
Vechain up 18%

MicroStrategy Still buying

Elon Musk tweets at McDonalds I will eat a happy meal on tv if you [sic] accept Dogecoin

Blockparty partners with Warner Music Group

OpenSea releases update to stop NFT exploit

Thailand is set to ban digital asset operators from crypto as a means of payment

Bithumb announces they’ll block unregistered addresses.

Links:

• Thailand to regulate use of digital assets as payments | Reuters
• WMG Digital Collectibles Platform Blockparty Partners with Warner Music Group
• NFT Marketplace OpenSea Launches New Listing Manager After Discount Bug
• South Korean Crypto Exchange Bithumb Will Block Unregistered Wallets

Bitcoin is up slightly at $50,249
Ethereum is up slightly at $3,930
and Cardano is up slightly at $2.87

Ecomi up 25%
Filecoin up 19%
Quant Network up 18%

The South Korean exchange Bithumb to mandate ID verification for customers.

The finance commission in El Salvador has approved a $150M trust fund to support the rollout.

BBVA is launching a digital investment account that offers crypto support.

This week the avalanche based DeFi protocol Trader Joe raised $5 million in a token sale.

Links:

• El Salvador approves $150 million trust fund to support bitcoin ambitions
• The digital account New Gen enables investments in sectors with the greatest impact on the future
• Avalanche-based DeFi protocol Trader Joe raises $5 million in token sale

Bitcoin is down slightly at $35,502
Ethereum is down slightly at $2,329
and Binance Coin is down .5% at $305

Golem up 27%
Axie Infinity up 24%
Ardor up 15%

Cayman Island's financial watchdog investigates Binance's registration status.

Two men in California agree to plead guilty to fraud charges in relation to a $1.8M ICO.

Beeple launches WENEW NFT platform

Crypto exchange Bithumb bans employees from trading on platform.

Links:

• Stocks, China and the dollar: 3 reasons why Bitcoin price is tanking below $40K
• Nearly a quarter of unique Bitcoin wallets at a loss amid $15K price dump
• Bitcoin $5K ‘kimchi premium’ returns while gold prices surge in Korea

Crypto Tax Experts Merge

Officials Raid Bithumb Second Time in Week

Banco Estado Shut Down Over Ransomware Attack

Bitcoin Bullish Trend Continues Despite Price Pull-back

Links:

• European Crypto Tax Companies Announce Merger to Power US Expansion - CoinDesk
• Major Chilean bank shuts down all branches following ransomware attack
• Bitcoin Options Suggest Investors Hedging but Still Long-Term Bullish - CoinDesk

Dollar Velocity Lowest Since 1940s Benefits Bitcoin

Bithumb Raided

Tapscotts Add Blockchain Research Institute Europe

Links:

• Bitcoin, USD velocity both crash — but BTC price reacted differently
• Police Reportedly Raid Headquarters of Bithumb, South Korea's Largest Exchange - CoinDesk
• The Tapscotts Take Their Blockchain Research Institute Into Europe - CoinDesk

UK Values Blockchain in Trade

Bithumb Using Reactor

Cryptocurrency Act of 2020 DOA in DC

Links:

• UK Gov’t Includes Blockchain in Negotiation for US Free Trade Agreement
• Bithumb Partners With Chainalysis Amid Tightening Korean Regulations
• The Cryptocurrency Act of 2020 Is 'Dead on Arrival,' Washington Tells Sponsors - CoinDesk

Bitcoin is down 1% at $7,302
XRP is down slightly at 19 cents
and Ethereum is up 2% at $132

Top gainers in the last 24 hours:
Library credits, up 22%

China is gearing up for it’s first possible blockchain ETF. 

Bithumb receives tax bill just shy of $70 million.

The IOTA Foundation says mainnet has been fixed

Ripple targets more partnerships with Brazilian banks in the coming year.

Treadway commission set to issue guidance over uses of blockchain in supply chain management & financial services.

Links:

• China could soon have its first blockchain ETF - The Block
• Ripple plans to expand partnerships with Brazilian banks in 2020 - The Block
• Crypto exchange Bithumb hit with a massive tax bill of over $69M - The Block
• Treadway Commission to Issue Blockchain Security Guidance in 2020 - CoinDesk

Ripple Buys Algrim

EnHelix Marketplace Debuts

Bithumb Deal Off

Links:

• Energy Commodities Trading Software Launches on Hyperledger Fabric - CoinDesk
• Ripple Acquires Crypto Trading Firm to Expand Into Iceland
• Bithumb Acquisition Deal Appears To Be ‘Off’ | Cointelegraph

It’s 8:00 eastern August 25th and this is your Daily Crypto Report.

Bitcoin is up 1.3% at $10,120
XRP is up 2.3% at 27 cents
and Ethereum is up 1% at $189

Top gainers in the last 24 hours:
Nucleus Vision up 35%
Poet up 22%
Nuls up 22%
and Sirin Labs Token up 20%

Todays headlines:

The Federal Trade Commission has settled charges it had filed against 4 crypto multi-level marketing schemers.

South Korean exchange Bithumb will begin a monthly reviewing process for its cryptocurrency listings.

The US FDA is looking to include blockchain to improve drug and medical products reviews and recalls.

Blockchain(dot)com has integrated BitPay into its wallet.

Links:

• Blockchain.com integrates BitPay into its wallet - The Block
• Largest Korean Exchange to Review Listings and Drop Failing Coins - CoinDesk
• Speech by Dr. Amy Abernethy at the National Coordinator for Health IT Third Interoperability Forum - 08/22/2019 | FDA
• FTC Settles With Promoters of Multi-Level Marketing Crypto Scheme - CoinDesk