POKKET: Crypto Market Update (Aug 16)

crypto news, bitcoin price

Bitcoin is +0.8% at $47.6k, ETH is up 1.2% to $3300. Movers are CHR +28%, SRM PNT +13%, DENT -10%.

SEC records, revealed on Friday, show smaller wealth managers have been picking up Grayscale’s Bitcoin investment trust, minor examples include Clear Perspective Advisors, Ancora Advisors, Parkwood and other multi-billion dollar funds.

Dark web devs have created a tool to let criminals check how clean their own BTC is, called Antinalysis, which helps launder coins and shows how risky it is to hold coins in its current trace. A dark web drug dealer has been indicted for laundering $137M in Bitcoin from prison — serving a 57mth sentence from Nov18, he laundered 2933 BTC to date.

The Bank of Korea is piloting a new CBDC, launching them on Galaxy smartphones through Samsung’s new wallet tech embedded into the phones. This follows the PBOC’s beta testing in January of this year in Shenzhen, directly giving 50,000 citizens CBDC’s as an experiment.

Check out today’s interest rates at POKKET and earn interest on your crypto with our crypto savings account.

Like POKKET’s market commentary?
Follow us on Twitter to get the latest news, or email us your thoughts.