DailyCoin
Published Aug 26, 2021 10:50AM ET
Updated Aug 26, 2021 11:02AM ET
Crypto Flipsider News – August 26 – Ethereum & Bitcoin, Morgan Stanley, eToro, OnlyFans, Hype Hippos, Dutch Tulip NFTs
Ethereum Market Cap in Comparison to Bitcoin’s One Doubled Since January
The two biggest coins are always rivals in the public’s eye. People compare them all the time, forgetting that these projects have different ideologies in their essence.
On the other hand, it’s always good to know what is the situation at the top of the crypto list. Currently, Ethereum’s market cap takes 41% if we consider Bitcoin’s one as 100%. In fact, this number has doubled since the beginning of the year
Although the record was established in 2017 when the amount of ETH was 85%. This was a pretty impressive result, which is impossible to imagine now.
Flipsider:
Morgan Stanley invests millions into GBTC shares
Banking giant Morgan Stanley holds large amounts of Grayscale Bitcoin Trust (GBTC) shares, revealed its filing with the SEC. Morgan’s Insight Fund alone holds over 928k shares worth almost $36M.
Morgan Stanley was the first US-based bank to offer exposure to BTC funds. Other major US banks also show interest in cryptocurrencies: Wells Fargo (NYSE:WFC) and JPMorgan (NYSE:JPM) launch their BTC funds.
Flipsider:
eToro Crypto Income Skyrocketed in Contrast to the Previous Year
Q2 2020 brought $264.2 million of commissions from crypto trading. In comparison to Q2 2019, the number was $11.2 million, which is estimated more than 20 times. The increase is impressive.
Even more impressive is the fact that BTC is only 7% of total crypto commissions. Even Dogecoin overrun the main crypto, although the leaders are ETH, ADA, and XRP.
Flipsider:
OnlyFans halts the decision to ban adult content
Content subscription platform OnlyFans suspended the decision to move away from sexually explicit videos. Last week a popular website broke the internet with plans to ban pornographic material due to pressure from payment providers. The decision had to take effect on October 1st. OnlyFans CEO Tim Stokey blamed banks, saying that they didn’t want to risk their reputation by accepting sexual material-related payments.
Now Stokey justified his previous decision as the one made “in the shame-filled moments after orgasm”.
OnlyFans has over 50 million users and more than 1 million content creators. Porn-related content is the most popular content on OnlyFans.
Flipsider:
NFT Updates: Hype Hippos, Dutch Tulip NFTs, Budwiser Fanart
Sport NFT Updates: Kobe Bryant, Naomi Osaka, and Tom Brady, Dapper Labs’ Sports NFTs
Flipsider:
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