Bitcoin Network Hash Rate Hits New Record, Turning Bitcoin Into a Global Safe Haven for Investors, & Other News

Most Important Crypto News 

Daily digest by Cointelegraph 3 Reasons Why Bitcoin Is Turning Into a Global Safe Haven for Investors   China's recent currency devaluation seems in line with similar policies taking place across the globe. Read our analysis to find out why Bitcoin's price is rising, and why investors are increasingly considering taking shelter in Bitcoin — a neutral and borderless network for storing and transferring value — alongside traditional safe haven assets. Bitcoin Network Hash Rate Hits New Record Data from monitoring resource Bitinfocharts confirmed Bitcoin's hash rate exceeded 80 quintillion SHA256 hashes per second on Aug. 8, the first time such a level has been reached. Novogratz's Crypto Bank, Galaxy Digital, Invests in Digital Asset Lender A fiat-crypto lending and investing service, DrawBridge, announced in a press release published on Aug. 8 that it received funding from Galaxy Digital, further strengthening DBL's fiat-crypto lending and investing capabilities. Gemini Exchange Added to CME Group's Pioneering Crypto Benchmarks The Winklevoss twins' Gemini platform will be added as a constituent exchange for the Chicago Mercantile Exchange (CME Group)'s cryptocurrency reference rates starting on Aug. 30. Binance Hackers Bombard Chipmixer to Launder BTC  Following a major Binance security breach that resulted in a loss of 7,000 BTC (more than $80 million at press time), hackers laundered 4,836 stolen BTC through crypto mixing service Chipmixer, according to research published by Luxembourg-based crypto capital flow firm Clain. Get the news first — subscribe to our Telegram channel Quote of the day "[...] I think the longer-term perspective, in terms of Bitcoin being that safe haven, I think it's way too soon to call that." Brian Belski chief investment strategist at BMO Capital Markets Tweet it 1.5 mln people follow us on social media Download our official free app →

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