Senators At Odds Over Crypto Plan In Infrastructure Bill – August 3

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $38,749

Bitcoin price has slipped into the $38,000 range today, as price continues to cool off from its recent rally to $42,000.

Top-20 altcoins have also fallen further, as Ethereum drops 3%, XRP falls 4% and Chainlink is the only gainer, with a 1% rise.

Top Stories for August 3, 2021 πŸ”₯

πŸ‘‰ Senators At Odds Over Crypto Plan In Infrastructure Bill

Republican senators are at odds over the cryptocurency reporting section of the White House’s new infrastructure bill, which may have a profound impact on the industry.

Senator Patrick J. Toomey, among others, warn that the wording regarding crypto reporting requirements is too broad and could be used to target miners and other non-broker parties.

πŸ‘‰ Trading Volume Booming On NFT Marketplace OpenSea

Trading volumes on NFT marketplace OpenSea are skyrocketing, with daily transaction volumes now surpassing its volume for the entire year of 2020.

Extending its lead over competitors, the platform has posted $95 million in trading volume over just 48 hours – compared to a total of $21 million for 2020 as a whole.

πŸ‘‰ Monero Developer “Fluffypony” Arrested For Alleged Fraud In 2009

Former Monero developer Riccardo Spagni, also known as “Fluffypony”, has been arrested in the US and will be extradited to South Africa for the alleged defrauding of a Cookie company.

The charges concern the alleged falsifying of invoices to his former employer, Cape Cookies, between the years of 2009-2011. It is believed that Spagni fled the country following the original charges.