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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Apple Store Gunman Demanding €200 Million in Crypto Confirmed Dead
The robber caused a stir when it started a hostage situation in an Amsterdam-based Apple store, before demanding more than 200 million euros in crypto. Robber Takes Hostage, Demands Crypto Ransom An armed man, dressed in camouflage, reportedly took over an Apple store in Leidseplein and held one person at gunpoint. The armed man afterward gave an ultimatum of 200 million euros to be paid in crypto or the hostage's life. The suspect, only later identified by a local newspaper…
3 years ago
Dogecoin Creator Says Memecoins Aren’t Funny Anymore
Billy Markus – co-founder of Dogecoin – isn’t amused with the influx of “memecoins” entering the crypto market these days. He recently called out their creators as promoting scams and get-rich-quick schemes, rather than actual jokes or memes. By contrast, he maintains that Dogecoin was actually created as a joke. The Joke Has Run Its Course In a tweet posted on Wednesday, Markus drew a clear distinction between real jokes in the cryptocurrency space, versus cheap marketing schemes. “Satire as…
3 years ago
Bitcoin Crashes to $35,000 as Russia Declares War on Ukraine
Crypto markets crashed 10%, together with the stock market, as Russian forces started military operations against Ukraine. Bitcoin fell to a one-month low as the crypto markets reacted to geopolitical instability. The biggest crypto traded at $35,300, down 9% from $39,000. Ethereum dropped even more, by 12.5% to $2,373. All major cryptos were in the red, posting 24-hour losses from 8% to 20%. Among the biggest losers were Cardano, Doge, Polkadot and Shib, all down 17%. Crypto markets followed a…
3 years ago
Warner Music Group Joins Forces with Splinterlands to Launch P2E Games
Entertainment giant Warner Music Group shared news of a collaboration with blockchain game developer, Splinterlands. P2E Games to Bolster WMG Artists By joining forces, both companies will become pioneers in an emerging field. In recent times play-to-earn gaming and non-fungible tokens have grown in popularity. Various entities have explored how NFTs can be integrated with the music industry. P2E games featuring NFTs as in-game assets are also becoming a popular phenomenon. However, a merger between all three sectors is a…
3 years ago
Drake Gifts Fellow Rapper Kodak Black With $250,000 In Bitcoin
Superstar Canadian rapper Aubrey “Drake” Graham appears to be very generous with his Bitcoin holdings. According to Florida-born rapper Kodak Black, his northern neighbor recently donated him $250k worth of the asset – for seemingly no reason. This comes less than two weeks after Drake won big in Bitcoin bets during the Rams vs Bengals NFL finals. A Surprise Gift From Drake Bill Kapri – aka “Kodak Black” – discussed Drake’s surprise gift on an episode of The Breakfast Club…
3 years ago
Is Metaverse Land a Good Investment? Read This First
The Metaverse land grab is reaching bubble proportions. Despite the staggering valuations, is the Metaverse a good investment? The Metaverse is coming, and everyone wants a piece of it. But most investors are looking in all the wrong places. Major titles like Decentraland and Sandbox have serious structural issues that could seriously limit their potential to attract a gaming audience. But there is hope, as a different audience could make up for it. The Metaverse, an immersive universe of virtual…
3 years ago
Brazil Makes Moves Towards Regulating Crypto Transactions
Brazil’s Senate’s Economic Affairs Committee (CAE) has released an official report stating that it has approved a bill endorsing the regulation of BTC and crypto markets across the South American nation. What does the Bill Entail? With this move, Brazil is steadily on the road to adopting cryptocurrency on a wider scale. The bill paves the way for residents of Brazil to invest in Bitcoin and other digital assets. It also facilitates their use in everyday transactions. Effective regulation is…
3 years ago
Sling TV Partners With Bitpay To Enable Crypto Payments For Streaming Services
Streaming service and Netflix competitor Sling TV is now allowing its members to pay their monthly subscription in cryptocurrency, using Bitpay. Accepted cryptos include Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Dogecoin, Litecoin, Shiba Inu, and various stablecoins. Crypto For Streaming Sling revealed its Bitpay integration in an announcement from its site on Friday. The company claims that its acceptance of cryptocurrency will now bring “choice and convenience” to the checkout process. The option is currently available to exist subscribers and…
3 years ago
DAO That Wants To Buy Denver Broncos Faces Major Hurdles
The Denver Broncos NFL team is for sale, and one of the potential buyers could be a DAO - a decentralized organization using blockchain tech. However, the efforts have to overcome major regulatory issues. Specifically, stringent NFL rules could put its supposed decentralized nature in question. BuyTheBroncosDAO BuyTheBroncosDAO aims to raise $4 billion from fans and investors to buy the U.S. National Football League team. The sale, set before the start of the 2022 season, could set a record for…
3 years ago