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…
Opinion
TRON Founder Justin Sun to Donate to Greta Thunberg’s Initiative
On the 17th of December 2019, Justin Sun took to his Twitter account and admitted sharing Greta Thunberg's passion for changing the world. He also noted that crypto would immensely contribute to reducing carbon footprint by implementing the decentralized settlement. Justin Sun also pledged to donate $1 million to Greta Thunberg’s initiative. The TRON (TRX) founder, Justin Sun donation is towards letting the world know about the climate crisis. He expressed his commitment after the COP25 UN Climate Conference in…
5 years ago
Peter Schiff Criticizes Bitcoin Performance
On the 27th of December, Peter Schiff criticized Bitcoin for its poor performance to the end of 2019. He said that most asset classes are experiencing rallies at the end of the decade, as the price of Bitcoin remains close to the $ 5700 level. At the time of writing, the price was at $ 7300, after a 0.5% decline, within the previous 24 hours. The US stock market just attained a fresh all-time high in 2019 due to an…
5 years ago
How Some Mainstream Cryptocurrencies are Performing
Some cryptocurrencies, including Bitcoin, are showing a steady move to the upside. These cryptocurrencies include ETH, LTC, XRP, RCH, XLM, TRX, BNB, and EOS. The BCH/USD also began to incline following a consolidation over the support at $185. This price increased by above 5%, hence breaking the hurdles $200 and $205. Currently, the BCH/USD price is above $210, and buyers want to reach the $225 hurdle. More gains could result in an additional upsurge towards $250 of the pair. Analyzing…
5 years ago
Bitcoin Gains Positive Response in Latin America
Bitcoin is the most renowned cryptocurrency worldwide, and many people are adopting this coin daily. This digital coin is getting massive adoption, especially in areas with prevalent financial hardships. Latin America is experiencing a financial struggle, mostly in Venezuela and Argentina. Venezuela and Argentina are facing high-end inflation, and hence the demand for Bitcoin is also high. The trading volume of Bitcoin in these regions is high; similarly, LocalBitcoin statistics also appear quite incredible. Comparing Argentina and Venezuela’s Bitcoin Adoption…
5 years ago
Bithumb Makes Plans to Litigate Tax Bill
Bithumb, a South Korean crypto exchange, is thinking of undertaking administrative litigation over tax bills. The value of the tax bill is $ 68.9 million. On the 29th of December, the KoreaHerald pointed out about the local tax agency passing along 80 billion won in taxation on Bithumb. The documents published by Vidente, the largest shareholder of the exchange, show that the National Tax Service forced Bithumb to pay withholding taxes on international customers’ trading activities. Reportedly, Vidente only got…
5 years ago
Bitcoin ends a disappointing year and YouTube bans crypto-related content
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary ● The Crypto Market ends the week at a total market capitalization of $197 billion. ● Bitcoin price remains captive between the $7,000 and $7,500 marks. ● Ethereum moves slightly above the $130 barrier. ● Ripple ends the year disappointingly under the $0.20 threshold. ● YouTube flags and deletes cryptocurrency-related videos Crypto Trends 23-29th of December 2019: PERFORMANCE & ANALYSIS The last week of 2019 does…
5 years ago
Predicting This Week’s ETH Performance
The ETH/USD price is incredibly moving upwards. The price may rise to above $ 130 and $ 135 to a powerful uptrend. Last week, the price dropped below the support at $ 126. However, the ETH/USD The 4-hour price chart reveals that the price got close to the support zone at $ 122 and remained under 100 SMA. Eventually, the ETH/USD formed its latest low close to $ 123 before the start of an upside correction. The price continued over…
5 years ago
Blockchain Training Program Starts in India
The ministry of power in India is offering blockchain training across various cities in the country, with its government’s permission. People will learn about blockchain technology, its applications, smart contracts, cryptocurrencies, and mining. The ministry arranged a program known as Blockchain Technology, which will hold at various NPTI locations. Three of the training will happen in January, February, and March in Nangal, New Delhi, and Shivpuri. The NPTI is in charge of the program, and the All India Council for…
5 years ago
The UN Needs to Embrace Blockchain- Antonio Guterres
Antonio Guterres recently commented on the necessity of the United Nations to adopt blockchain technology. Guterres thinks that blockchain technology should be one of those utilized by the organization. According to him, blockchain adoption is vital for improved delivery of the organization's mandate in the digital age for the accelerated success of Sustainable Development Goals. Guterres, the secretary-general of the organization, is highly speaking of blockchain technology. His High-level Panel on the Digital Cooperation approach purposely places blockchain technology on…
5 years ago