Bitcoin tested two-month highs just below $25,000 before moving on to a correction. BlackRock has launched a bitcoin trust for institutional investors. Ethereum developers have switched the Goerli testnet to the Proof-of-Stake algorithm. One UN organization has proposed introducing additional taxes on cryptocurrency transactions. Bitcoin rose on Thursday by 1.3%, ending the day near $24,200. BTC tested two-month highs near $24,900, but lost almost all of the growth in the American session against the backdrop of negative dynamics in stock indices. Ethereum developers have announced the successful transition of the third and largest Goerli test network to the PoS algorithm. The next step will be the mainnet merger scheduled for September. Crypto exchange Coinbase reported that the US Securities and Exchange Commission (SEC) requested information about the listing of crypto assets and the company’s own cryptocurrency products through the court. Ripple Labs has expressed interest in buying the assets of bankrupt cryptocurrency lender Celsius. Celsius froze withdrawals in June and filed for bankruptcy last month. The United Nations Conference on Trade and Development (UNCTAD) called on world governments to impose additional taxes on cryptocurrency transactions and limit the advertising of cryptocurrencies. A report published by UNCTAD notes that the risks and costs that cryptocurrencies incur outweigh the benefits of using them. The CFTC and SEC have proposed requiring large crypto hedge funds with over $500 million in assets under management to report risks associated with digital assets. The world’s largest investment company BlackRock has launched a private trust offering American institutional investors access to bitcoin. This is the company’s first such product. Last week, BlackRock agreed to cooperate with the Coinbase crypto exchange. BlackRock clients will have direct access to digital asset trading through Aladdin’s portfolio management system. Source: FXPro

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