Daily Crypto Brief for Monday, August 3, 2020 I by ITB Media I

This is your ITB Media Daily Crypto Brief for Monday, August 3, 2020.

In Mainstream Financial News.

CNBC reports: The real story about getting rich by investing in gold, cryptocurrency and IPOs - https://cnb.cx/3gq8r3K

“The entire premise of making a financial or investment decision because you feel a certain way is, in itself, a warning sign,” said certified financial planner Douglas Boneparth, founder and president of Bone Fide Wealth in New York. “We typically don’t want to make our decisions based on our emotions.”

Bloomberg Headline: Filecoin to Spur Decentralized Data Storage in New Internet Era - https://bloom.bg/30pJO1v

The goal of blockchain startups to build a decentralized version of the internet where no single authority is in control always depended on wresting data storage away from giants like Amazon and Google. That missing piece of the puzzle may be solved by distributed storage system Filecoin, which is set to be released publicly in September.

The Asia Times Reports: Trump banning TikTok may be blessing for bitcoin - https://bit.ly/39VDWjB

Why Trump Banning TikTok May Be a Blessing for Bitcoin Price, Adoption. Trump's TikTok Ban could see 80 million people flock to crypto, which would be great news for Bitcoin price and the entire cryptocurrency space.

Wall Street Journal Headline: Bitcoin Is Riding High Again as Investors Embrace Risk - https://on.wsj.com/33yWlSr

The market boom that pushed stocks, bonds and commodities to their best combined four-month spurt in decades has found its way into the most notoriously volatile and speculative asset on the planet: bitcoin. After trading flat for months, bitcoin rose as high as $11,868 on Saturday from around $9,100 in early July, extending its gain for 2020 to 65%.

Forbes Headline: Bitcoin’s Flash Crash Offers A Lesson For New Retail Investors - https://bit.ly/33sjW7f

As spoken about in previous articles, bitcoin was due for a violent price breakout after months of inactivity. At the time of writing, price has surged from $9,200 to $11,200 over a 13 day period.

In Social Media headlines.

Altcoin Daily (YouTube) posts a video titled: Big Things are Happening with Cryptocurrency in August 2020! Bitcoin, Cardano, Synthetix & MORE.

The Moon (YouTube) reports: ETHEREUM TO $18,000!!!!!!! [How To Make Money With DeFi...] w. MMCrypto!

Data Dash (YouTube) posts a video titled: The Time Is Now. Bitcoin, Gold & Silver Confirm Bull Market.

On Crypto Zombie (YouTube): BITCOIN FLASH CRASH!! LOOK! THIS EXACT PATTERN IS HAPPENING AGAIN!!! $23,650!?

In Crypto Publications headlines.

Cointelegraph reports: Best Weekly Close Since $20K? 5 BTC Price Factors to Watch This Week - https://bit.ly/33sjplL

Bitcoin (BTC) begins a new week at over $11,000 after a wild weekend saw the market crash $1,200 in minutes — will the chaos continue Cointelegraph gives you five factors that could easily impact Bitcoin price action over the coming days.

Coindesk.com headline: Where FATF Crypto Compliance Gets Interesting: Africa - https://bit.ly/3goRtm9

“In places where there aren’t really e-regulatory rules yet, firms are doing KYC and using blockchain analytics for AML,” said former Kenya resident Pelle Braendgaard, CEO of crypto identity startup Notabene. “People are shopping around for regulation, looking at remittance licenses to deal with foreign partners so they can have at least some level of clarity.”

Cryptonews.com reports on its front page: Coin Race: Top Winners/Losers of July; Ethereum Up the Most, Bitcoin Least - https://bit.ly/3goRmHf

The crypto market seems to have acquired a habit of surprising us near the end of a month - albeit not always positively. July, however, ended up very much positively. July has seen a mini crypto revival, one may say. After weeks of unusual lack of movement, or better said - volatility, which we are all used to seeing from many digital assets, the market swiftly moved upwards. It might've been true that it was 'resting,' preparing for a fast bull coming its way, as very few coins finished the month in the red.

This has been your ITB Media Daily Crypto Brief for Monday, August 3, 2020.