Let’s check out the most important news and trends on the crypto market in August.
zondacrypto Team
3 вересня 2023
3 лютого 2024
Grayscale’s ETF Win Against SEC
Grayscale, the company behind one of the largest Bitcoin funds in the world, the Grayscale Bitcoin Trust (GBTC) managed to win a major court case against the US Securities and Exchange Comission (SEC) regarding their Bitcoin ETF application. The court has made a ruling that the SEC wrongly rejected Grayscale’s Bitcoin ETF application and that they should consider the application once more. This ruling paves the way for the potential approval of Bitcoin ETFs in the US. In case Bitcoin ETFs get approved, major financial institutions with billions of USD worth of managed funds will gain exposure to Bitcoin.
Massive Token Unlocks in August
August saw some of the largest crypto token unlocks on the market in 2023. These token unlocks carry major potential investment opportunities. The Sandbox is unlocking 17% of its supply, while the Sui blockchain is unlocking 5% of the total supply. Also, dYdX and Ape Coin are unlocking around 4% of their supplies.
The Litecoin Halving
One of the most important crypto events in August was the Litecoin halving. Litecoin is one of the top 20 global cryptocurrencies, and it’s popular for online and retail crypto payments. The latest Litecoin halving effectively cut LTC mining rewards by half, which makes mining Litecoin more difficult, and the supply of LTC will subsequently become more scarce over time. The main upside is that halving events for cryptos like Litecoin and Bitcoin have historically been precursors of high potential price gains. It will be interesting to see whether history will repeat itself.
DISCLAIMER
This content does not constitute investment advice, financial advice, trading advice or any other type of advice and should not be considered as such; zondacrypto does not recommend buying, selling or owning any cryptocurrency. Investing in cryptocurrencies involves a high degree of risk. There is a risk of losing invested funds due to changes in cryptocurrency exchange rates.
Cointelegraph: Blockchain will transform football’s broken transfer system
Football’s transfer system is plagued by delays and barriers. Blockchain technology offers faster settlements and global market access - says Przemysław Kral, CEO of zondacrypto, in his opinion regarding blockchain in football market.
Will President Nawrocki veto it? Polish company earns money in Poland but pays taxes in Estonia
Why Estonia and not Poland? Because Poland doesn't want us. Poland is backward when it comes to crypto regulation and development. And the future regulator, which I think will be the Polish Financial Supervision Authority (KNF) — although this is not yet certain — has a very negative attitude towards the crypto market, so there is no point in operating in a country that does not want such entities and does not want the taxes we pay in other countries, says Przemysław Kral, CEO of the zondacrypto platform, in an interview with Business Insider Polska. President Karol Nawrocki also commented on the new regulations for the industry during his campaign and promised that he would not sign any restrictive laws on this issue.
Przemysław Kral harshly criticises cryptocurrency regulations. ‘Poland lags behind Europe’
Przemysław Kral, CEO of zondacrypto, points out that his country is missing out on opportunities for growth, while the US is attracting investors. Will Poland miss out on the digital revolution?
La Crypto Monnaie: У Європі Ferrari розпочала продаж автомобілів за популярні криптовалюти
Європейці тепер можуть купувати люксові автомобілі Ferrari за біткойни, XRP та інші популярні криптовалюти.Європейці тепер можуть купувати люксові автомобілі Ferrari за біткойни, XRP та інші популярні криптовалюти.
Qui Bici Sport: Майбутнє спорту (і велоспорту) за версією zondacrypto
Ми вже бачили його у велоспорті, і, безсумнівно, побачимо ще не раз. Саме спорт, зокрема велоспорт, обрала компанія zondacrypto, щоб підвищити свою впізнаваність у очах публіки.
Ми говоримо про криптовалютну біржу, яка на даний момент залучає понад мільйон користувачів. Щоб краще зрозуміти цей феномен, ми задали кілька питань генеральному директору (CEO) zondacrypto Пшемислу Кралю (Przemysławowi Kralowi).
Cryps.pl: ‘We prove that cryptocurrencies are not so bad’ – an interview with Przemysław Kral (CEO of zondacrypto)
The Polish cryptocurrency exchange zondacrypto has recently been making increasingly bold moves to integrate this asset class into the world of sports. We spoke with its CEO, Przemysław Kral, about what this rapidly growing brand has achieved so far.
goal.pl: Pogoń has extended its contract with a key partner. ‘This is our success and a challenge at the same time’.
Pogoń Szczecin and zondacrypto announced on Monday the renewal and extension of their sponsorship agreement. The logo of the leader of the cryptocurrency market in our part of Europe will continue to be visible on the Porters' shirts.
MilanoSportiva: zondacrypto Official Crypto Exchange Partner of Giro d'Italia Women
zondacrypto, one of the leading regulated cryptocurrency exchanges in Europe, has been announced as the official cryptocurrency sponsor of the Giro d'Italia Women 2025 (Giro Donne), one of the most important women's cycling competitions in the world. The agreement further consolidates the company's commitment to the world of cycling, already witnessed by its support of major events such as Strade Bianche, Milano-San Remo and Tour de Pologne.
Business Insider: Cryptocurrencies “not in accordance with principles of morality”, but still taxed. Ministry of Digital Affairs with a surprising decision
The Ministry of Digital Affair has denied the zondacrypto exchange access to the mechanism for sharing data from the mObywatel application. There would be nothing surprising about this, were it not for the reason for the decision - the ministry considered cryptocurrencies to be ‘incompatible with good morals’. The refusal is all the more surprising given that identical integration is already used by at least four licensed bookmakers, a gambling industry traditionally seen as riskier. This one, however, has met no resistance from the administration.
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