Bitcoin (BTC) extended its relief rally on Thursday and reclaimed the $40k mark. Bitcoin’s price increase to highs of $41,447 on Aug 5 coincides with the positive news that JPMorgan Chase has started pitching an in-house Bitcoin fund to its Private Bank clients for the first time this week. This tends to switch its outlook from the “never-Bitcoin” mega-bank to a player in the digital assets market.
At the other end of the Altcoin space, ETH price rose to highs of $2,845 after the underlying Ethereum blockchain underwent one of the biggest upgrades in its six-year history. The upgrade, known as the London hard fork, took place on Thursday 5th August.
Also, at the time of writing, Badger Dao (BADGER, +32.57%), Injective protocol (INJ, +18.72%), Golem (GLM, +15.68%), Conflux Network (CFX, +21.55%), Terra Virtua Kolect (TVK, +49.96%), Syntropy (NOIA, +16.94%), StreamR (Data, +24.4%) were seen posting significant gains.
Terra Virtua Kolect is a cross-platform non-fungible token (NFT) ecosystem that offers a curated marketplace for NFT creators and collectors to interact. The Terra Virtua Kolect platform spans web, PC, and mobile AR/VR environments.
On August 5, Terra Virtua kolect (TVK) surged from lows of $0.20 to intraday highs of $0.374, gaining 87% in the process.
Founded in 2018, Alchemy Pay operates a global crypto-fiat payment gateway through 300 fiat and crypto payment channels in 65 countries, according to the company’s website.
The firm also runs its token, Alchemy Pay (ACH), an Ethereum-based token used to incentivize the ecosystem and access to the network’s consumption and governance. The ACH token has been seeing a skyrocketing surge recently, with its price rising nearly 1160% over the last 72 hours.
ACH/USDT Daily ChartOn August 2, Alchemy announced launching on CoinbasePro, stating that users will now be able to transfer ACH to their Coinbase Pro wallet while trading was scheduled to begin on August 3. Following the listing, ACH rose from Aug 3 lows of $0.0046 (as seen on Huobi) to all-time highs of $0.0588, gaining nearly 1160% in the process.
The adoption of crypto and blockchain services is paramount to the sustainable growth of the crypto industry. Alchemy Pay bridges the gap between fiat and crypto economies, mitigating adoption barriers and complexities of the blockchain world to deliver value to the real world.
Alchemy Pay recently announced its partnership with Binance to drive acceptance of Binance Pay across merchants such as Shopify, QFPay, and other major merchant networks. The deal will enable peer-to-peer (P2P) crypto payments at over 2 million global merchants through the Binance payments application Binance Pay.
At the time of writing, ACH/USDT was trading at $0.050 after reaching all-time highs of $0.0588 on August 5.
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