ReapChain Official
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ReapChain Official

: [Weekly News] the 2nd week of Aug

Hello! This is ReapChain.

Let’s find out about the hottest bitcoin and cryptocurrency news in the second week of August!

- U.S. Senatorial staff “SEC is investigating all cryptocurrency exchanges in the U.S.”
“The Securities and Exchange Commission (SEC) is investigating all U.S. cryptocurrency exchanges in addition to Coinbase,” said an employee at the office of Senator Cynthia Lummis of Wyoming in an interview with Forbes. This includes Binance, Forbes reported. According to reports, the employee said, “The SEC has taken various measures to secure jurisdiction over the cryptocurrency market, but the Commodity Futures Trading Commission (CFTC) strongly protested this, calling it a ‘regulation by enforcement.” Currently, the SEC wants to resolve the conflict with CFTC quickly. If the problem is not resolved internally, lawmakers will have no choice but to intervene, and in this case, lawmakers are likely to side with CFTC,” he said.

- Kevin O’Leary — “I need to invest more cryptocurrency in decline.”
In a recent interview, Canadian billionaire Kevin O’Leary said, “The cryptocurrency portfolio has experienced a double-digit decline, but I took this as an opportunity. Our crypto-pe portfolio share started at 20%, increased to 23%, and fell back to 16%. We have doubled our investment in Bitcoin, Ethereum, Solana, Polygon, and Header by utilizing extreme volatility. “If you plan to invest for a long time, there is no reason not to add a position now,” he said. O’Leary went on to say, “Now the cryptocurrency asset group has no correlation with inflation. The real problem is to find out where institutional investors are, and they (institutional investors) do not currently have Bitcoin,” he said.

-Instagram, flow NFT support, and coinbase wallet interworking start
Foreign media reported that Instagram has started supporting FLOW NFT and linking Coinbase Wallet. According to reports, Instagram said it would expand its NFT program to more than 100 countries and link Flow NFT with support, Coinbase, and Dapper Wallet. Instagram started NFT testing earlier in May, saying it will support Ethereum, Polygon, Solana, and Flow NFT. Among them, the blockchain currently being supported is Ethereum, Polygon, and Flow.


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