Coinbase Custody: $200+ million in institutional deposits, weekly – August 16

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $10,111

Bitcoin is up 1.2% today, bringing it to around $10,100. Ethereum and XRP haven’t budged over the last 24 hours, while the sentiment for other top-20 coins is mixed: some are up a couple of percent, some are down that much. Major altcoins with notable price movements include Tezos, up 7%, and Maker, up 11%.

Top Stories for August 16, 2019 πŸ”₯

πŸ‘‰ Coinbase Custody: $200+ million in institutional deposits, weekly

Earlier today, Coinbase announced that they had finished acquiring Xapo’s institutional cryptocurrency custodian business. With this, they shared an impressive number: they now hold more than $7 billion in Assets Under Custody.

Perhaps more exciting, Coinbase co-founder and CEO Brian Armstrong stated that Coinbase Custody is currently seeing between $200 and $400 million in weekly cryptocurrency deposits from institutional customers.

πŸ‘‰ NANO functionality being tested on popular gaming engine

Unreal Enginge is one of several gaming engines which is often chosen by developers to kickstart development. It’s been used for titles such as Unreal Tournament, Mortal Kombat, and most recently, Fortnite.

A Tweet from NANO developer Wesley Shillingford shows testing of a NANO plugin for the Unreal Engine, which will allow developers to include the feeless cryptocurrency within their games.

πŸ‘‰ Hong Kong protester calls for mass bank withdrawals

Many cryptocurrency enthusiasts are passionate about this space due to concerns over traditional financial systems. For these people, banks are some of the worst actors in finance: they charge high fees and often have an agenda of their own.

That’s why many cryptocurrency commentators are discussing a Hong Kong protester’s call to mass-withdraw from local banks. The motion shows a similar disdain for centralized banking systems and another reason why DeFi in crypto could grow.