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…
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10 Crypto Projects With the Highest Activity on GitHub
GitHub is a high tech software allowing developers, coding experts, and developer teams to interact in managing codes. This platform has wide usage from coding experts to learners worldwide, and its use in the crypto industry has been on a constant rise. For instance, all new and expanding crypto projects use this platform to connect different ideas and codes to better function. Other people give great reviews of the platform, especially praising it for its system functionality, ease of use,…
5 years ago
5 Cryptocurrency Trends To Watch Out In 2021
The year 2020 is coming to an end, and it has been quite beneficial for the cryptocurrency industry. Despite ever-stricter regulations, Bitcoin (BTC) and altcoins have shown their strength in times of crisis, and new blockchain sectors have emerged. We take stock of upcoming trends for 2021. DeFi will consolidate to offer viable financial alternatives Decentralized finance (DeFi) has been the major story for the crypto industry in 2020. The explosion of the sector in the summer raised fears of…
5 years ago
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BitcoinBitcoin Can Replace The Dollar As Global Reserve, Says Morgan Stanley Investment Chief
Bitcoin's recent bullish run has been the main topic in the crypto ecosystem and the global financial markets. Analysts from large financial institutions are optimistic that the leading cryptocurrency is a potential replacement for the United States dollar as a global reserve currency. According to Ruchir Sharma, the Chief Global Strategist and Head of Emerging Equity team at Morgan Stanley Investment Management, the dollar has remained the primary currency for instructional trades for many decades. Although the Euro was a…
5 years ago
Bitcoin’s Institutional Adoption Has Only Begun – JPMorgan
It’s been a great year for Bitcoin, both in price and mainstream adoption, but American banking giant JPMorgan Chase thinks this is only the beginning. The Wall Street powerhouse bank believes that Bitcoin’s adoption puts gold in jeopardy as the precious metal will “suffer for years” because of the leading cryptocurrency. A Shift To Crypto The bank predicts a significant shift from the traditional asset markets into the crypto markets in the long run. Analyzing the 2020 Q4 trend, JPMorgan…
5 years ago
Bridgewater CEO Says Bitcoin Is An Interesting Investment Similar To Gold
Bridgewater Associates fund CEO Ray Dalio has described Bitcoin as an alternative investment similar to gold. Dalio's recent comments seem to indicate that he has relaxed his previous stance towards digital currency. Bitcoin Bears Similarities Like Gold The billionaire investments made these statements during a question, and answer session (AMA) held yesterday via Reddit. Dalio responded to questions regarding the financial scape and was asked about his position on digital currencies. A user under the alias @NassimTalebisCoolLeb told Dalio the…
5 years ago
Jack Dorsey’s Square Launches $10M Clean Energy Initiative For Bitcoin Mining
U.S.-based payment and financial services company Square Inc has announced a $10 million clean energy initiative for Bitcoin mining. The company disclosed this as part of its plans to go carbon neutral for its operations by 2030. According to the announcement, the Bitcoin Clean Energy Investment Initiative will support companies promoting green energy tech and renewable energy within the Bitcoin mining ecosystem. Square has also collaborated with Watershed as a measure in reducing the carbon footprint of the Bitcoin network.…
5 years ago
Why Satoshi Nakamoto Chose C++ to Program Bitcoin
Bitcoin was launched in 2009 as a digital currency and a decentralized peer to peer platform, giving control to everyone over their funds. Satoshi Nakamoto introduced this platform, and it has since then grown in use, attaining a market capitalization of over 353 billion USD. As an investment prospect, bitcoin has a volatile nature and has made fortunes for people ready to take risks. Some financial experts even argue that one bitcoin's price could go above 400 thousand USD in…
5 years ago
G7 Finance Ministers Endorse Move to Regulate Cryptocurrencies
The finance ministers of the influential G7 group have reiterated their support towards regulating cryptocurrencies. This was contained in a press release by the United States Department of the Treasury (USDT). The report highlighted the discussions between members of the G7 in the latest meeting of head of financial agencies of member countries. The ministers discussed domestic and international economic policies towards dealing with the Covid-19 crisis that has plagued world finances. Crypto-assets regulations was on the agenda and the…
5 years ago
WMA: The Bulls struggle to keep Bitcoin above $19,000
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 $567 billion. Bitcoin almost reached $20,000 but lost momentum towards the weekend. Ethereum increased by nearly 7% in value throughout the week. XRP dropped points to trade beneath $0.60 in the past seven days. The crypto market gets support from Comptroller of the Currency in the US, Brian Brooks. Crypto Trends 30th of November…
5 years ago