Crypto raids: August 23, 2021

Bitcoin has again exceeded its $ 50k main limit after a week in which some of the world’s biggest companies entered the digital assets Sunday.

Retail giant Walmart has left a gap for the crypto expert to explore virtual payment options, Facebook has announced it is nearing the launch date of its crypto wallets and Microsoft has said it is considering using Ethereum to fight piracy. Meanwhile, the second-largest U.S. mortgage lender has announced plans to decertify cryptocurrency payments related to home loans.

The exciting news helped the market break the stock market in Japan, with prices soaring across the board. Among the most influential assets are Cardano, which hit an all-time high ahead of the upcoming Alonzo update, and Algorand, which saw a 25 per cent rise in the market for the decadent property market.

Highlights of this week

Cardano becomes third biggest cryptographer before Alonso update
Facebook’s crypto wallet prepares for launch

Cardano becomes third biggest cryptographer before Alonso update

Cardano quickly climbed the ranks last week, making Tether and BNB the third-largest cryptocurrency by market cap.

ETHEREUM rival ADA added 40% in August to hit new record highs, exceeding 100% overall. This is on the eve of Alonzo’s long-awaited update, which is expected to introduce the highly anticipated smart contract functionality at Cardano on September 12.

According to CoinShares, some of Cardano’s price growth could be due to institutional investors. The latest report from the cryptocurrency management firm shows that Cardano has made a corporate debut of $ 39 million since the start of the year.

Facebook’s crypto wallet prepares for launch

Facebook’s new wallet, designed for a stable Diem coin based on the blockchain, is “ready to go,”according to co-founder David Marcus.

Formerly known as Calibra, the project focuses on the challenge of traditional payment solutions with a “compatible digital wallet.”

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