Crypto Market Overview – August 18th, 2021

 

Ave Dogecoin: now you can buy a used Tesla for the main meme crypto


After the loud announcement by billionaire Mark Cuban that DOGE faces the fate of the most popular digital currency for payments, Puerto Rican IT company BOTS Inc. announced that Dogecoin will now be able to buy used Tesla electric vehicles through local car dealers. Cryptoglobe reports.

Cuban also owns the professional basketball team, the Dallas Mavericks. On March 4, cryptocurrency payment processor BitPay announced in its fresh release that the team would start accepting payments in DOGE, and on August 12, the billionaire announced that Dallas Mavericks would soon hold a team sale of goods and those fans who paid for purchases with meme crypts will receive discount.

As for the sale of electric cars, BOTS Inc. pledged to help dealerships in Puerto Rico accept DOGE as payment for "used" electric cars because they "agree with Elon Musk and Mark Cuban" about the prospect of the coin specifically as a means of payment.

DOGE really continues to be one of the most stable cryptocurrencies, and given its market capitalization (currently about $42 billion), its authority allows it to be introduced into literally any exchange processes today.

 

Marvel will release NFT collection about Captain America


Following the successful launch of Spider-Man's NFT last week, Marvel Studios decided not to torment their fan base and announced the release of non-fungible tokens dedicated to one of the key characters in the Marvel Cinematic Universe — Captain America. Coinquora reports.

Studio Tokens are 3D digital statues of characters that owners can display in their personal virtual showroom.

The new NFT collection is titled "Marvel Mightys — Season 1 — Captain America" ​​and includes a set with figures of Steve Rogers (in fact, Captain America himself) and four other characters. The Marvel Mightys will also feature tales of the heroes' lives in adolescence, which will be a story addition to the comic book universe.

Marvel made its NFT debut through a partnership with Orbis, which brought its VeVe Digital Collectibles augmented add reality app to the market. It is reported that the collaboration is planned to release a collectible series of all the key characters in Marvel Studios.

 

Crypto exchanges of South Korea fail state regulatory audit


The South Korean digital platforms Korbit, Bithumb, Upbit and Coinone, as well as all medium and small-scale exchanges, have not passed the state "consulting" audit as part of the tightening of the regulation of crypto assets. Cryptonews reports.

In June, the country's Financial Services Regulatory Commission (FSC) teamed up with a number of government ministries and state-owned IT companies to conduct a "full investigation of corporate accounts" and create protocols for managing investor deposits to protect them.

FSC has also recruited police officers and a number of private sector external contractors, including security experts and networking specialists.

A month later, an audit revealed that a number of exchanges were carrying out fake or fraudulent banking transactions, and this information was passed on to the country's prosecutor's office.

Until the announcement of the results, investors and traders believed that illegal financial manipulations took place only on small crypto exchanges. But it turned out that out of 33 trading platforms, only 25 received an information security management system accreditation, while anti-money laundering protocols did not work on most exchanges.

If the managers of crypto-exchanges are not able to establish their work in accordance with the requirements of the new regulatory standards by September 24, the activities of the sites will be considered illegal and traders may lose access to their assets.

 

Published: 2021-08-18