Your daily dose of Crypto - Aug 23

1. The total market cap has risen 2.8% in the last 24 hours and stood at $2.23 trillion.
   
2. BTC blasts past $50k for the first time since May, amidst increasing adoptions and bullish momentum. Whereas, ETH has risen 2.8% in the last 24 hours and is testing resistance at $3.4k.
   
3. Alts such as ADA, AUDIO, DASH, RUNE, AMP, TEL, XMR saw a double digit rise in price in the last 24 hours.
   
4. PayPal has launched crypto services in UK. Users can now buy, sell and hold BTC, ETH, BCH and LTC. link
   
5. Binance Singapore has hired a former chief regulator of Singapore exchange, Richard Teng, to lead its regional operations. link
   
6. Centre Consortium has announced that stable coin USDC will revert to be backed by cash and short-term US treasuries. link
   
7. Iran has announced to revert the ban on legal crypto mining from Sept 22. Earlier in May, Iran had banned mining due to increasing pressure on its power grid. link
   
8. American rapper Tyga has announced to launch an OnlyFans competitor Myystar, in which creators will have the ability to sell their content as NFTs on the Ethereum blockchain. link
   
9. VISA has purchased a CryptoPunks NFT for 49.5 ETH. It quoted to add this to its collection of historic commerce artefacts. link

Edit: ADA made a new ATH of $2.95