Days Analysis 2

4C Newsflash of August 23


Market Cap at 1:23 (UTC) – $266,550,838,846 billion
Bitcoin dominance: 68.5%
BTC $10,202.96 (+1%)
ETH $191.95 (+1.68%)
XRP $0.273020 (+0.78%)

Amazon Cloud failure causes issues to crypto exchanges

4C Newsflash of August 23 - 4C Trading
At 19:22 UTC, Aug 23rd, Amazon encounters some connection issues, making various exchanges such as Binance, KuCoin and Bitmax become unstable. Moreover, Binance had to disable their deposit and withdrawal due to the issue. Additionally, some exchanges even see a massive drop of Bitcoin, causing the price went down to approx. $1000. At the time of this writing, the majority of the connections have been recovered and Amazon is working to repair the rest.

Bitmain now worth $12B

4C Newsflash of August 23 - 4C Trading
According to WeChat, Bitmain has ordered 600,000 mining chips which will boost the total computing power of the company by 50%. Moreover, the increment will boost the worth of Bitmain to $12B.

Tether to launch Yuan-backed stablecoin

4C Newsflash of August 23 - 4C Trading
ChainNews recently reported that Tether would soon launch a Yuan-backed stable under the ticker, CNHT. However, the date of the release wasn’t revealed.

Rwanda Central Bank is researching digital currency

4C Newsflash of August 23 - 4C Trading
The government of Rwanda is looking into digital currency to increase the efficient of transactions and to boost economic growth, the news was first reported by BNNBloomberg. Per the article, the National Bank of Rwanda is studying from the experience of various central banks around the world including Canada, Singapore and Netherland as the mentioned countries have tested blockchain technology.

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