Article published at Apple News
Welcome to the August Crypto Outlook with Contentworks, an agency specializing in content marketing for financial services, crypto and blockchain.
In July, cryptocurrencies didn’t have a good month. The price of Bitcoin dropped by 4% while that of Ethereum and Ripple declined by 25% and 20% respectively. This happened as investors grew wary about the state of the industry following a series of hearings in Washington. Key Facebook executives responsible for the Libra project were interviewed by the senate and congress. Another reason for the decline was that hackers managed to steal cryptocurrencies worth more than $32 million from a Japanese exchange.