Bitcoin is down 2% at $18,150
Ethereum is down 3% at $554
and XRP is up 1% at 56 cents

Top gainers in the last 24 hours:
Cover Protocol up 47%

France has set stricter crypto regulation

Paxos has filed an application with top regulators to become a national bank

BitPay also filed to become a federally regulated bank

MicroStrategy is offering $550m in convertible notes with the net proceeds to procure more Bitcoin.

JP Morgan says that the rise of Bitcoin’s popularity with institutional investors will cause gold prices to suffer

Links:

• Why Paxos is Seeking a National Trust Bank Charter -- and Why We Remain Committed to New York | Paxos
• France imposes tougher KYC requirements for crypto, including peer-to-peer transactions - The Block
• Ad #662132 | Public Notices | AJC Classifieds
• MicroStrategy Announces Pricing of Offering of Convertible Senior Notes
• JPMorgan Says Gold Will Suffer for Years Because of Bitcoin - BNN Bloomberg

Bitcoin is up 1% at $16,223
Ethereum is up 0.5% at $465
and XRP is up 1% at 26 cents

Top gainers in the last 24 hours:
Civic up 28%
Decred up 15%

Bitcoin flows from Huobi to Binance in wake of larger Chinese crackdown.

Bitpay is rolling out a cryptocurrency payroll service

Axelar, a decentralized protocol for cross-blockchain communication has raised $3.75M in seed funding.

Ripple has filed a trademark for a potential new product called paystring.

Links:

• $300M in Bitcoin Flow to Binance From Huobi as China Gets Tougher on Exchanges - CoinDesk
• PAYSTRING - Ripple Labs Inc. Trademark Registration
• Payments Provider BitPay Rolls Out Cryptocurrency Payroll Service - CoinDesk

BitPay Card Launched

TokenSoft and Signature Bank Partner on Security Tokens

Casa Has New Wallet

Links:

• Tokensoft Teams With Signature Bank to Launch Real Estate Security Token Platform - CoinDesk
• Casa Releases Self-Custody Bitcoin Wallet Focused on Privacy
• BitPay Launches Prepaid Crypto Mastercard for US Customers - CoinDesk

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