Newsflash of August 07, 2020

đź“ŠMarket Cap at 7:45 (UTC) – $357,559,811,224đź“Š

Bitcoin dominance: 60.9 % 

BTC $11,796.46 (+0.96%)

ETH $394.41 (+-0.52%)

XRP $0.304456 (+0.93%)

Goldman Sachs may issue its own stablecoin

In the recent interview (https://www.cnbc.com/2020/08/06/goldman-names-new-head-of-digital-assets-in-bet-that-blockchain-is-the-future-of-financial-markets.html) with CNBC, Mathew McDermott, the new global head of digital assets of Goldman Sachs said that the company is monitoring crypto market closely and is considering the possibility of creating its own coin. However, Mathew believes that it still early days for Goldman Sachs.

SEC is buying smart contract analysis tool

According to the recent announcement (https://beta.sam.gov/opp/f11c3e2445d94c429dbcce7019cc91d1/view?keywords=%22smart%20contract%22&sort=-relevance&index=&is_active=true&page=1), SEC is looking to acquire a distributed ledger technology smart contract analysis tool in order to research and study the codes of several blockchains. After analysing, SEC will assess the risk and enhance compliance.
Stay safe and happy trading.

Yours,

4C-Trading

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