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
If Bitcoin Dies, Freedom Dies With It
Bitcoin’s prolonged stability and global adoption are not only beneficial, but necessary for free societies to thrive. (Article inspired by @max_gagliardi’s thread on Twitter.) The Bitcoin community is one of the most passionate, idealistic, and driven groups of people on the internet. Besides a love for Bitcoin’s capabilities and ethics, most are overwhelmingly optimistic that it will eventually bloom to total fruition. The enthusiasm is hardly unwarranted. Bitcoin’s price has roughly doubled every year since 2013. Major corporations are…
3 years ago
TMX Group Unveils Plans to Launch Its First Crypto Futures Product
TMX Group, Canada’s largest stock market operator, is gearing up to roll out its first crypto futures product. A report unveiled this news on February 8, citing the company’s CEO, John McKenzie. Per McKenzie, TMX is in response to institutional investors’ desires to mitigate the risks of trading in crypto. Reportedly, TMX seeks to drop its new product before the end of the year. The product will go live on the Montreal Exchange. While this will be the firm’s first…
3 years ago
Why Scalability Is Still the No. 1 Problem in Crypto
Security, interoperability, and scalability are arguably the biggest challenges in today's crypto scene. The last one is particularly sensitive since it concerns retail investors and businesses. Also, it is one of the last barriers separating us from mass crypto adoption. Nevertheless, a big challenge generally comes with an even more significant investment opportunity. Today, we will analyze the industry's state of affairs from the angle of scalability. Ethereum’s Show Few will argue that Ethereum stole the show during the first…
3 years ago
Cashing Out ETH at Market Peak – Another Good Call by the Ethereum Foundation
Although a non-profit organization, the Ethereum Foundation appears to have a good insight into generating money. After a significant drop in prices in the crypto market, some wondered if such a decline was foreseeable. The answer appears to be yes, as the Ethereum Foundation has managed to sell ETH at the market peak. But, of course, every investor's dream is to guess the optimal moments of opening and closing a trade perfectly. This article will provide more information about the…
3 years ago
Novogratz Challenges Peter Schiff to a $1 Million Bet on Bitcoin
In a recent exchange of opinion on Twitter, Mike Novogratz has proposed an unconventional bet to Peter Schiff. Schiff, a cryptocurrency skeptical stockbroker, often publicly criticizes Bitcoin and other coins. After a general introduction about Novogratz and Schiff, this article will deal with what we know now as “the $1 million bets” on BTC. Most importantly, we will try to look at the past views of both experts, providing the readers with both sides of the coin. A few words…
3 years ago
Brazil – An Important Bet for Crypto Exchanges
While the regulatory world proceeds on different and disconnected paths, Brazil represents one of the most attractive markets for crypto exchanges. Several macroeconomic and legal factors are creating an optimal environment for these companies. This article will provide a general overview of the topic, including the main aspects attracting crypto exchanges' attention. Finally, we will report the views of some of the world's leading businesses on Brazil and its future in the crypto universe. The stablecoin mania 2021 was a…
3 years ago
El Salvador Launches a Plan to Provide Crypto-based Loans to Businesses
El Salvador has just decided to increase its bet on the blockchain industry, one of the most crypto-friendly economies globally. After recognizing Bitcoin as a legal tender, the country looks to reform its credit market. The government has promoted a strategic partnership with a company specializing in crypto loans. Understanding the implications of this decision can be tricky, and this article aims to shed some light on the subject. Shaking up the credit market The National Commission for Micro and…
3 years ago
BlackRock Files for ETF Tracking Crypto Companies
BlackRock is one of those asset management firms that often creates new exchange-traded funds (ETFs). However, the news of BlackRock's latest filing has made a lot of excitement in the blockchain world. The company announced its intention to open a fund to replicate the performance of the crypto sector. However, behind this statement, reported by many websites, some crucial nuances arise. Our article will analyze the news in detail, adding no information regarding BlackRock's position on cryptocurrencies. BlackRock is pursuing…
3 years ago
How May the Crypto Market React to a Russian Crypto Ban?
The position of the Russian regulator has become increasingly restrictive towards cryptocurrencies in 2021. By the start of 2022, we have received several reports of further legislative moves that Moscow is allegedly studying. The positions on the issue in the country are different, and, to date, the direction of the policymakers is unclear. In this article, we provide an overview of the situation, reporting the opinion of several prominent people on this topic. An evolving situation At the moment, in…
3 years ago