Week in review: August 6, 2021 – Ethereum launches London hardfork

Written by Robby Ramos
on August 16, 2021

Ethereum has implemented one of its most anticipated network upgrades as EIP-1559 ships with the London hardfork. JPMorgan unveiled access to six crypto funds for institutional investors. Kitco launches a new token backed by gold. Read our weekly round up below.

Ethereum Launches London Hardfork Including EIP-1559

Crypto Briefing: August 5, 2021

The update implements several changes to the blockchain called Ethereum Improvement Proposals, including EIP-3198, EIP-3529, EIP-3541, and EIP-3554. Most notably, though, it’s the EIP-1559 update that’s garnered the most support from the community.

Ethereum Launches London Hardfork Including EIP-1559

Business Insider: August 3, 2021

The change is technically known as Ethereum Improvement Protocol 1559, or EIP-1559, and will be included in a network upgrade called the “London hard fork.”
Here are four key things you need to know.

JPMorgan Grants Institutional Investors Access to Six Cryptocurrency Funds

CNBC: August 5, 2021

Late last month, JPMorgan rolled out access to four funds from Grayscale Investments and one from Osprey Funds: Grayscale Bitcoin Trust, Grayscale Bitcoin Cash Trust, Grayscale Ethereum Trust, Grayscale Ethereum Classic Trust and Osprey Bitcoin Trust, said the people.

Precious Metals Firm Kitco Launches Gold-Backed Tokens Built on Ethereum

Bitcoin.com: August 5, 2021

Kitco has partnered with Tradewind Markets, First Digital Trust, and Stably, an asset tokenization provider. The gold-backed ERC20 tokens called “kitco gold (KGLD)” “represent one true, troy ounce of fine gold,” according to Kitco.

From The Senate’s Infrastructure Bill Proposal To Record Trading Volume For NFTs

CNBC: August 2, 2021

Bitcoin’s moves aren’t the only things happening in crypto right now. From the Senate’s infrastructure bill proposal to a record trading volume for NFTs, or nonfungible tokens, here are five key things that happened in crypto this past week.

Chainlink Is Building a Billion-Dollar Bridge to a Multi-Chain World

Decrypt: August 5, 2021

Chainlink Labs founder Sergey Nazarov today announced the blockchain oracle solution provider’s blueprint for the Cross-Chain Interoperability Protocol (CCIP), a “new global standard for decentralized inter-blockchain messaging, data and token movements.”

Crypto Market Cap Adds $100B as Bitcoin Surges Past $40,000

Crypto Potato: August 6, 2021

After a few days of dabbling beneath the $40,000 mark, bitcoin has initiated a leg up, resulting in blasting above that level. Most altcoins are also in the green, with UNI surging more than 7%, and the crypto market cap has added more than $100 billion since yesterday’s low.

Bitcoin and Ethereum Hit Resistance With $42.5K Flip Needed For BTC Longs

CoinTelegraph: August 6, 2021

Bitcoin (BTC) and Ether (ETH) are due for a “huge” move, but short-term signals suggest a correction, an analyst warned on Friday. A late surge the day before punctuated an overall downtrend after swift upside throughout the previous week, but Friday reinforced the idea that longer-term resistance would remain in place.

Robby Ramos

Robby Ramos

Director of Digital Marketing | Bridging the gap between digital assets and financial institutions.