What is Going On Right Now In Crypto? Daily Summary of Crypto News

Posted by cryptonews Crypto News August 26, 2024 2.7k Views

Get your daily, bite-sized digest of blockchain and crypto news today – investigating the stories flying under the radar of today’s news.

In crypto news today:

  • Why is Crypto Up Today?
  • Boson Protocol and Superchief Gallery Tokenize $5.1M Historic Art Collection
  • US Bitcoin Kiosk Company CoinFlip Launches Expansion to Mexico
  • Brighty App Offers Joe Biden a Job: Director of Selective Memory Management

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Why Is Crypto Down Today?

Over the last day, the value of the worldwide cryptocurrency market dropped 1.1% to $2.34 trillion.

At the same time, $60.8 billion has been traded in cryptocurrency over the past day.

A small majority of the top 100 coins per market cap is red today.

Brett (BRETT) saw the biggest loss in this category, falling 3.7% to $0.09259.

Polygon (MATIC) follows with a 3% drop, trading at $0.5207.

The rest of the list is down 2.8% and less.

The best performer of the day was Artificial Superintelligence Alliance (FET), which rose by 10.2% to $1.33.

Bittensor (TAO) is next, having appreciated 6.6% to $346.64.

The rest of the list is up 5.6% and less.

Looking at the top 10 coins per market cap, we find that only three are green today.

TRON (TRX) has seen the biggest increase: it’s up 3.9% to $0.16624.

Solana (SOL) increased 1.75% to $160.2, while Dogecoin (DOGE) recorded a 0.56% rise to $0.10952.

The drops are low as well, and only one coin fell above 1%.

Binance Coin (BNB) dropped 1.63%, currently trading at $563.65.

Bitcoin (BTC) and Ethereum (ETH) are both down less than 0.5%, meaning that they are practically unchanged over the past 24 hours.

BTC now changes hands at $63,812 and ETH at $2,741.

Notably, Bitcoin is testing resistance at the $65,000 level. Price growth may be indicated by a breakout above $68,174 and $69,994, which would indicate the continuation of the bullish trend.

Meanwhile, Argentina will include Ethereum and blockchain in Buenos Aires high school curricula. “

We are giving students the tools to shape the future by incorporating Ethereum education into high schools, not just teaching them about technology, according to Paula D., co-founder of the ETH Kipu Foundation.

In crypto news today, Web3’s decentralized commerce layer Boson Protocol announced a collaboration with Superchief Gallery, an independent artist-run gallery in Brooklyn, New York, USA.

In “a pioneering market breakthrough,” the partnership will allow the Boson Protocol to tokenize real-world assets (RWAs) and sell an entire art collection on-chain. This is according to the press release shared with Cryptonews.

There are eighty-five artworks in the collection, totaling five million dollars. Ibram Lassaw, Buffie Johnson, and Louise Nevelson are among the artists.

The partnership, according to SuperChief Gallery’s director and co-founder Edward Zipco, “allows us to bring legacy artworks that have been exhibited in some of the most prestigious museums in the world to a crypto native audience that typically does not have access, and meets them where they are.”

“We are excited to utilize Boson’s technology to tokenize traditional, physical art and make them available for those that wish to purchase in crypto,” Zipco added.

Meanwhile, co-founder Justin Banon reports that as the markets see an upturn, more asset classes are expressing a desire to tokenize on Boson Protocol.

“Our partnership with Superchief is a show of resurgence in the markets and the appetite for tokenization of [RWAs],” he said.

US Bitcoin Kiosk Company CoinFlip Launches Expansion to Mexico

US crypto ATM provider CoinFlip announced its expansion to Mexico.

Per the press release, this is the company’s eighth international market, follwoing Canada, Australia, New Zealand, South Africa, Italy, Panama, and Brazil.

More than twenty retail locations in Mexico City, including shopping malls, coffee shops, bakeries, and other busy areas, currently offer the company’s ATMs.

CoinFlip was established in 2015 and now operates 5,000 kiosks in nine countries with over 400,000 users.

Co-founder and CEO Ben Weiss commented that “as adoption of cryptocurrency increases in Mexico, people will seek out technologies like CoinFlip to provide them with a convenient, secure and easy way to buy, sell, and invest in cryptocurrency.”

Similarly, Josh Allen, Group Vice President of CoinFlip’s Global Kiosks and International, observed that the demand for digital kiosk services is rising on a global scale. These services are “crucial,” he said, because it will only rise with greater understanding and awareness of cryptography.

According to Alejandro Bravo, CoinFlip’s Country Director for Mexico, there is “an incredible appetite” for the services that CoinFlip offers. According to Bravo, they give Mexican clients the ability to send and receive money abroad, accumulate wealth, and fight inflation.

Brighty App Offers Joe Biden a Job: Director of Selective Memory Management

In other crypto news today, Swiss financial app Brighty App has “offered” US President Joe Biden a position within the company.

Brighty App stated that it “saw an opportunity to add some humor to the conversation” in light of Biden’s withdrawal from the 2024 presidential contest in that nation.

The team said it has “offered” Biden the role of “Director of Selective Memory Management.”

“Biden, we heard you’re looking for a job? After careful consideration, we are pleased to extend you an offer for the position of Director of Selective Memory Management at Brighty App,” the letter reads.

The group went on to say that the soon-to-be-former president would play a critical role in assisting the group to “forget inconvenient details while emphasizing only the positive outcomes.”

“Did we lose money in the market? Not anymore! Thanks to your selective memory management, we only remember our wins. Unsure of the role? Don’t worry, because with Brighty’s AI Investment Platform, you might not even need a job anymore. AI will make your investments work for you. We’d love to have you join the team either way,” the letter stated.

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