Community

Despite people tend to trust traditional finance and banking more than their innovative alternatives, global giants prove they are not as reliable as it seems. As giant banks get themselves exposed to nefarious activity, people start exploring innovations like cryptocurrency, thus building trust in this kind of assets.

The interest in cryptocurrency seems to grow as new people join the community. Compared to other communities, the cryptocurrency ecosystem is a relatively nascent community because the first cryptoasset was launched in January 2009, meaning that it is just over one decade into existence.

American online video-sharing platform YouTube has banned the channel of another popular cryptocurrency enthusiast.

The financial technology (fintech) industry has seen a significant boost in terms of innovations. The most important technology is considered to be blockchain. However, some community players doubt that this tech is actually the saturation point of fintech.

The month of August started on a high pitch with some top cryptocurrencies doing bullishly in the market. Most of the tokens increased in volume and prices.

The cryptocurrency community was very enthusiastic about the appointment of Crypto Mom Hester Pierce as a SEC Commissioner again. She is known for her continuous support to the blockchain and cryptocurrency industry.

After the news that fraudsters use Binance to launder stolen cryptocurrency funds, the exchange decided to take action to stop such activity. They have established a strong cybersecurity alliance.

Leading cryptocurrency-based sportsbook Sportsbet.io has signed a one-year contract with Southampton Football Club to be the new main club shirt branding partner, replacing its former Chinese partner LD Sports.

Talks about Ripple being a scam pop up every now and then. The altcoin’s runner, Brad Garlinghouse even had to handle several lawsuits concerning registration problems. Nevertheless, XRP remains the third-largest by market cap.