Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Altcoins
COTI to Roll Out its Djed Stablecoin on Cardano Blockchain
On the 26th of Sep 2021, COTI took to their official Twitter account to announce that they will be rolling out a stablecoin on Cardano's chain. Cardano to Host its First Stablecoin As per Charles Hoskinson, leader of Cardano, and Shahaf Bar-Geffen, CEO of COTI group, Cardano will receive its first-ever stablecoin from COTI. The stablecoin goes by the name Djed. The duo relayed this message at the Cardano Summit stage in Laramie, Wyoming, on Sunday. Shahaf said that Djed has…
4 years ago
Cardano’s IOHK to Usher in a New Plutus DappStore Network
A blogpost report shows that Cardano sets to launch the Plutus Dapp Store through IOHK. The storefront is going to host every decentralized application running on Cardano's blockchain network. Plutus dAppStore could go live in the upcoming Cardano Summit, which starts on September 25, 2021. Improving dApp Interactions with Plutus Dapp Store Cardano is making major changes to its ecosystem, most of which aim at boosting the platform's functionalities. Such upgrades include the Plutus dAppStore, which projects to address two main…
4 years ago
Bitrue Launches the Event Page for ArtVerse Token Sale
On September 23, Bitrue announced on a Twitter post the opening of the ArtVerse token sale event page on its platform. The platform is working on the final touches before the presale, set to kick off on September 27. ArtVerse’s AVT token will list on Bitrue before other exchanges, according to confirmation on its Twitter page. ArtVerse is a decentralized platform focusing its objectives on streamlining activities within the crypto art industry. It is leveraging the decentralization offered by blockchain technology to create…
4 years ago
Hedge Fund Trading 50 Digital Assets Makes 76% Returns in 2021
According to reliable sources, California-based Cambrian asset management reaped about a 76% profit from virtual assets from the start of 2021 through August. The $200M financial entity trades around 50 digital assets with leverage against the assets’ volatile nature. The hedge fund started treading the digital-asset fund landscape about three years ago. Over the years, it garnered specialists from big firms like Winton Capital. The firm projects to widen its scope enough to serve more crypto enthusiasts. Additional Investment Assets for Investors In…
4 years ago
Elon Musk Believes Reducing Doge Fees Will Boost Its Adoption
On 22nd September, Elon Musk tweeted that he wants Doge fees to fall. According to the billionaire, the costs need to drop to increase the crypto's use in payment for retail services. Essentially, Elon played a significant part in Dogecoin in 2021, as he plans to use the coin in his company. Elon Wants Doge to Reduce Fees Musk noted that lowering the coin's fees would help in the adoption of Doge in actual purchases. Elon's Tweet Reads: Super important for…
4 years ago
Tom Brady Shows Interest in Earning Part of His Salary in Cryptocurrency
Tom Brady, the Tampa Bay Buccaneers quarterback, said he's open to receiving part of his salary in Bitcoin, Ethereum, or Solana. During a SiriusXM podcast this week, Tom Brady said he would want to receive part of his salary in crypto. He disclosed the possibilities lie around BTC or ETH, or SOL. Brady's Reason for Choosing Cryptocurrency During the podcast, Brady stated that he thought cryptocurrency was a fantastic thing in the world. Especially with the way the world is evolving and becoming more…
4 years ago
Staking on aelf may Bring You Dividends with an APY of 7,639%
aelf is one of the fastest developing blockchains in the crypto space. Recently, the team revised its bonus mechanism to better incentivize nodes to participate in the aelf ecosystem. The event exceeded all expectations, including the developers' outlook, after the staking APY reached 7,639%. Today, we take a closer look at the staking mechanism on aelf and how you can profit from it. How Does the aelf Vote Mechanism Work? aelf is an open-source blockchain that aims to support the…
4 years ago
Solana CEO Believes the Project Will Make Strides with Its Scalability Potential
The CEO and co-founder at Solana Labs, Anatoly Yakovenko, addressed how Solana has taken up crypto space. Anatoly shared some specifics about the project in an interview at the SALT conference 2021. Solana's Achieved improvements The CEO reported that the project's sole focus is on improving transactional speed to ensure scalability for its users. To achieve this, Yakovenko stated that Solana sought out a third-party host. He mentioned that SOL hit 200,000 transactions per second. The third-party validators ensure higher capacity for crypto…
4 years ago
Deutsche Boerse Introduces Solana, Tron and Polkadot ETNs through VanEck
Deutsche Boerse has added three new crypto exchange-traded notes (ETNs) in its exchange. It further expands to the previously listed ETNs like BTC, ETH, BCH, and LTC. According to Deutsche Boerse, it officially announced on Tuesday that anyone could trade its three new ETNs. The ETNs, Tron (TRX), Solana (SOL), and Polkadot (DOT), will be available on the Frankfurt Stock Exchange and Xetra. The three ETNs launched by the German stock market operator, Deutsche Boerse, are an addition to the other cryptocurrencies on the…
4 years ago