Week in review: August 13, 2021 - BTC rebounds and ETH cashflow positive

week-in-review-august-13

Bitcoin surged Monday to a nearly three-month high as policy makers hashed out last-minute compromises over how to tax crypto assets. Mr Wonderful appears to now be singing Ether's praises as a deflationary asset. Nearly 60% of consumers want to buy stuff with crypto. Read our weekly round up below.

Bitcoin's Rebound To 3-Month High Has Bulls Eyeing US$50,000 Again

BNN Bloomberg: August 9, 2021

The largest digital coin rose as much as 5.4 per cent to reach US$46,245 during New York-trading hours. The rally is a continuation of recent momentum -- the coin is up roughly 17 per cent over the past week.

Kevin O’Leary of ‘Shark Tank’ Espouses Deflationary Future For Ethereum

Cointelegraph: August 10, 2021

Shark Tank star “Mr. Wonderful” argues that Ether is destined to become “ultrasound money” once its chain merge occurs.

Report: Nearly 60 Percent of Consumers Want To Buy Stuff With Crypto

PYMNTS.com: August 2, 2021

The individuals who buy and hold cryptocurrency, and even those who don’t, agree on one thing: They think digital currencies should be able to be used to make everyday purchases, despite the fact that many obstacles to mainstream status still exist.

Report: Nearly 60 Percent of Consumers Want To Buy Stuff With Crypto

NextAdvisor: August 12, 2021

One of the founding principles of cryptocurrency is that it’s decentralized and unregulated. But the U.S. government isn’t too worried about crypto’s founding principles.

Crypto Markets Regained $100B in Hours: Cardano (ADA) Touched $2 (Market Watch)

Crypto Potato: August 13, 2021

The BTC bulls intercepted yesterday’s correction, and the asset has recovered more than $2,000 since the low. The situation with the altcoins is rather similar, with green dominating the market. Cardano continues its value appreciation by touching $2 for the first time in three months.

Nancy Pelosi Urged to Amend 'Harmful' Cryptocurrency Provision in Infrastructure Bill

Bitcoin.com: August 12, 2021

U.S. Representative Anna Eshoo has asked House Speaker Nancy Pelosi to amend the crypto provision in the $1.2 trillion infrastructure bill that the Senate passed this week. She urged the House to adopt the bipartisan amendment supported by the Treasury Department that provides a solution.

Argentina May Adopt Bitcoin to Curb Inflation

Crypto Briefing: August 13, 2021

Argentine president Alberto Fernández has made several positive comments regarding cryptocurrencies, suggesting that the country could adopt Bitcoin to curb its rampant inflation. Argentina joins the growing list of South American countries contemplating cryptocurrencies.

Argentina May Adopt Bitcoin to Curb Inflation

Decrypt: August 12, 2021

Want to get a sense of which NFT collectibles series are currently in hot demand? It’s simple: just check out Crypto Twitter. Amongst crypto industry luminaries and enthusiasts, you’ll find the classic CryptoPunks as well as the more recent Bored Ape Yacht Club avatars. And lately, you’ll often find Pudgy Penguins.

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ALT 5 Sigma covers fintech, blockchain, Bitcoin and cryptocurrencies bringing you the latest news and analysis on the future of money.