BTC Price ‘Will Struggle’ in Big Financial Crisis, Says Investor, BTC Hash Rate ‘Not Affected’ as China Floods Knock Out Miners, & Other News

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Daily digest by Cointelegraph In collaboration with Anchor Wallet Price Analysis 21/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM Crypto markets are under pressure as the total market capitalization has dipped close to $260 billion. Read our price analysis to find out more. Bitcoin Price 'Will Struggle' in Big Financial Crisis, Says Investor Spencer Bogart, a general partner at venture capital firm Blockchain Capital, thinks that Bitcoin will be a safe haven in the long term, noting that he is "not convinced that we have full economic crises on the horizon now." India: Supreme Court Gives Central Bank 2 Weeks to Justify Crypto Ban India's Supreme Court has slammed the country's central bank over its handling of a cryptocurrency business ban and ordered it to address complaints. Supreme Court Justice Rohinton Fali Nariman gave the RBI just two weeks to justify its actions. Bitcoin Hash Rate 'Not Affected' as China Floods Knock Out Miners   The Bitcoin network hash rate remains near all-time highs despite fresh turmoil in China as floods wipe out mining operators.   Tether Plans to Issue CNHT — A Chinese Yuan-Pegged Stablecoin Bitfinex shareholder Zhao Dong informed the outlet that Tether — the stablecoin operator behind USDT — plans to issue a new stablecoin in the near future. It would be backed by Chinese yuan held in offshore accounts under the CNHT ticker. Which celebs have launched their own crypto? Who has sold music for Bitcoin besides 50 Cent? Which famous people have promoted ICOs? 24 celebrities — 24 crypto stories in the new chapter of our "People Talk" write-up! Quote of the day "When you think about really severe crises taking place, a liquidity crunch, another global financial crisis, I think that Bitcoin will struggle to do very well from a price perspective." Spencer Bogart a general partner at venture capital firm Blockchain Capital Tweet it 1.5 mln people follow us on social media Download our official free app →

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