The cryptocurrency market has had yet another interesting week, characterized by several price swings and trading volume modifications.

The DeFi market surge has pushed the user activity to surge on the Ethereum blockchain which has ultimately pushed the ETH gas fee and hashrate higher.

MicroStrategy said that the BTC purchase comes as part of its strategy to hedge inflation risks and thus maintain its continued growth going ahead.

As Facebook looks to expand it footprint in the FinTech space and across all its platforms, the company plans to consolidate its payments business under one umbrella.

The surge in the price of the LINK tokens has also contributed to a massive surge in the DeFi market.

Goldman’s digital assets chief that a fiat-pegged stable coin will allow real-time settlement for cross-border payments making the overall process much more efficient.

The past week has been marked by a slight degree of volatility on the cryptocurrency market, given the fact that prices dropped abruptly between the 1st and 2nd of August. However, right after the drop, a slow but steady uptrend began, thus bringing prices back to their previous higher values.

Bloomberg explains some interesting mathematical correlations between Bitcoin and gold and says that Bitcoin price can cross $18,000 while Gold can also reach $3000 per ounce.

The Department of Economic Affairs (DEA) said that the inter-ministerial committee will examine the bill and move a cabinet note in due course.

The Medalla testnet will give an early assessment into how Ethereum 2.0 mainnet will behave with multiple clients.