Cryptocurrency Article: August 2024 Events Recent Events
This August has been a particularly dynamic month for the cryptocurrency world. Here are some of the most notable events:
Telegram CEO Arrest and Toncoin Crash: On August 24, Pavel Durov, CEO and founder of Telegram, was arrested in France, causing a 13% drop in the price of Toncoin (TON). The accusations include drug trafficking, fraud, and terrorism.
Bitcoin Surges on Fed Rumors: Bitcoin has seen a significant surge following statements by Federal Reserve Chairman Jerome Powell about a possible interest rate cut in September. This has led to Bitcoin trading around $61,572.
Binance Declines IPO, Hires Massively: Binance has decided not to go public, preferring to focus on a long-term sustainable growth strategy. In addition, it has launched a hiring drive to employ nearly 1,000 new workers.
Real-Time Commentary on Major Cryptocurrencies
Here is a summary of the prices and movements of the most important cryptocurrencies in real time:
Bitcoin (BTC): $64,300.02 (+4.97% in the last 24 hours)Ethereum (ETH): $2,772.64 (+3.81% in the last 24 hours)Tether (USDT): $1.00 (+0.05% in the last 24 hours)BNB (Binance Coin): $581.63 (+0.46% in the last 24 hours)Solana (SOL): $155.17 (+6.95% in the last 24 hours)XRP (Ripple): $0.6092 (+1.60% in the last 24 hours).
