Bitcoin's price hover around $50,000

Cryptocurrency prices continue to be in the red on August 23. The global cryptocurrency market cap is $2.13 trillion, a 1.37 percent increase over the last day, while the total crypto market volume over the last 24 hours is $93.71 billion, which makes a 13.09 percent decrease. Read more here.

PayPal launches crypto buying, selling in UK

PayPal Holdings Inc will allow customers in the UK to buy, sell and hold Bitcoin and other cryptocurrencies starting this week, the company said on August 23. Read more here.

'Crypto will replace fiat within 10 years'

Over 76 percent of financial professionals believe that digital assets "will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5–10 years," according to Deloitte's annual global blockchain survey Decrypt reported.

Ethereum rock NFT Sells for $600K

EtherRocks, an NFT with a picture of a rock, that have no function other than being traded, was sold for $608,000. There are 100 EtherRocks, each created in 2017—ancient for an NFT project, Decrypt reported.