Bitcoin is down 7% at $54,100
Ethereum is down 9% at $4,032
and Binance Coin is down 7% at $585

Siacoin up 15%
Ankr Network up 16%

Hilary Clinton calls for increased regulation in crypto to protect the dollar’s reserve status.

Chainnews is shutting down amid wider moves by Chinese censors.

Regulators in South Korea are calling for criminal punishment for crypto market manipulation.

Grayscale calls metaverse a trillion dollar a year market.

Links:

• China's crypto censorship reaches over news outlets and mining pools
• Hillary Clinton: New Rules Needed To Guard Against Tech Company Abuses - YouTube
• S. Korean Regulators Call for Criminal Punishments for Crypto Market Manipulation
• Grayscale on the Metaverse

Bitcoin is down slightly at $46,274
Ethereum is down slightly at $3,228
and Binance Coin is down .5% at $401

Dent up 26%
Qtum up 17%
Cardano up 15%

The Poly Network hacker has now returned all but the frozen USDT tokens

Binance is discontinuing its south korean won trading pairs and payment options

Kryptoin files for Ether ETF.

Valkryie waits to hear back from SEC about their Bitcoin futures ETF

Hive Blockchain orders 1,800 Antminers

Links:

• Valkyrie registration
• Poly Network hacker returns nearly all of the $611 million in stolen funds
• Investment Firm Kryptoin Files for Ether ETF - CoinDesk
• Hive Blockchain Boosts Capacity With 1,800 Antminer Order - CoinDesk
• Changes to Product Offerings in Korea | Binance Support

Links:

• New rules could permit Korean gov’t to seize tax evaders’ crypto
• Binance Says It's Cutting Leverage Limit to 20x, a Day After FTX Announces the Same - CoinDesk
• Global crypto ATM installations have increased by 70% in 2021

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Bitcoin is down slightly at $10,607
Ethereum is down 1% at $337
and XRP is down 1% at 24 cents

Top gainers in the last 24 hours:
Ren up 15%

Tim Draper is leading a series A for the india based exchange Unocoin.

KPMG is working on a blockchain solution for measuring and reporting greenhouse gas emissions.

Riot Blockchain has picked up 2500 more Bitmain mining rigs.

Google lists as candidate for EOS Block Producer.

South Korea’s Central Bank is on track to test digital currency with pilot transactions next year.

Links:

• Block.one Welcomes Google Cloud to the EOS Community - Block.one
• Riot Blockchain Continues Hash Rate Expansion to 2.3 EH/s and Provides Deployment Update
• KPMG To Offer New Climate Accounting Capability To Help Clients Measure Greenhouse Gas Emissions
• Tim Draper Leads Targeted $5M Series A for India Crypto Exchange Unocoin - CoinDesk
• South Korea's central bank is on track to test digital currency next year - The Block

South Korea Proposes a 20 Percent Tax on Crypto Gains

Coinsquare Admits Wash Trading: Management Resigns

China's Supreme Court Wants to Strengthen Crypto Property Rights

Links:

• South Korea Finalizes Cryptocurrency Income Tax of 20%
• Coinsquare Exchange Execs to Resign Over Wash Trading Scandal - CoinDesk
• Chinese Supreme Court Favors Strengthening Cryptocurrency Property Rights

Bitcoin is up 8% at 6,665
Ethereum is up 5% at $137
and XRP is up 3% at 17 cents

Top gainers in the last 24 hours:
Tomochain up 18%
Block stack up 17%
Icon up 15%

Todays headlines:

Bitcoin core maintainer Michal Ford has received a $100k grant from BitMEX.

Binance is set to open a new crypto-to-crypto exchange today in South Korea.

France’s central bank set to test the integration of digital Euro in settlement procedures.

Links:

• France's central bank begins experimenting with digital euro - The Block
• BitMEX parent awards $100k grant to Bitcoin Core maintainer Michael Ford - The Block
• Binance is launching a new exchange in South Korea next week - The Block

Bitcoin is down 1% at $8,543
XRP is down 3% at 22 cents
and Ethereum is down 1% at $161

Top gainers in the last 24 hours:
Ethlend up 27%
Smartcash up 16%

The SEC says Telegram launched its token sale because it was short on cash and needed to pay for servers.

KyberSwap is swapping Malta for BVI because of AMLD5.

Plaintiffs in three separate punitive class action lawsuits against Bitfinex and Tether will consolidate their cases.

Bitcoin miners across the world brought in an estimated $5 billion in revenue in 2019.

The government of South Korea is planning to charge 20% tax on income from crypto transactions.

Links:

• SEC: Cash-Strapped Telegram Launched 2018 Token Sale to Pay for Servers - CoinDesk
• Another crypto firm moving out of the EU in response to 5AMLD, this time non-custodial exchange KyberSwap - The Block
• Plaintiffs Move to Combine Their Market-Manipulation Lawsuits Against Bitfinex and Tether - CoinDesk
• Bitcoin miners made an estimated $5 billion in revenue during 2019 - The Block
• South Korea plans 20% tax on crypto gains - The Block

Bitcoin is down slightly at $7,195
XRP is up slightly at 23 cents
and Ethereum is up slightly at $149

Top gainers in the last 24 hours:
Streamr up 25%
Vechain up 20%
and Dentacoin up 15%

Bitcoin is up from it’s 6 month low of $6,800.

JP Morgan filed a patent application for a DLT based version of a revolving line of credit

The Algorand foundation released an update to their blockchain protocol

South Korea is looking to invest more than 380 million for blockchain research and development over the next 8 years

Links:

• Algorand 2.0's New Non-Turing-Complete Smart Contracts Are a Feature, Not a Bug - CoinDesk
• South Korea plans to invest over $380M for blockchain research and development - The Block
• Bitcoin drops below $6,800, hitting a six-month low - The Block
• JPMorgan Tests Private Blockchain to Track Auto Dealer Inventory - 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

Bitcoin is down .5% at $10,697
XRP is up slightly at 31 cents
and Ethereum is down 1% at $219

Top gainers in the last 24 hours:
Everex up 20%
Zclassic up 17%
Dent up 15%

On the MoneyGram earnings call CEO Alex Holmes spoke about the benefits of the commercial agreement with Ripple.

South Korean Shinhan Financial investment is looking to offer peer-to-peer stock lending on blockchain.

Brazilian tax authorities have levied new requirements for crypto traders.

Links:

• South Korea's Shinhan Brokerage to Offer Blockchain-Based Securities Lending - CoinDesk
• MoneyGram talks up Ripple partnership, goes live with XRP and xRapid, in Q2 earnings - The Block
• Cryptocurrency Transactions in Brazil Must Now be Reported to its Tax Authorities | The Rio Times