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…
News
Has Vitalik Buterin’s Proposal to Lower Transaction Fees Fueled Ethereum Rise?
The founder of Ethereum, Vitalik Buterin, proposed a solution to reduce the cost of transaction fees on Ethereum’s Blockchain. Lower-transaction fee proposals have coincided with Ethereum rallies and contributed to positive investor sentiments. In a Twitter thread on Saturday, Vitalik suggested new techniques for handling data transfer over the network, which could reduce the cost of processing transactions. Additionally, Vitalik talked about an update on Ethereum Layer 2, which involves “blob-carrying transactions.” Also, he speculated that the modifications would significantly…
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
Nintendo President Sees “Great Potential” In The Metaverse
Crypto diehards have long extolled the possibilities for collaboration between NFTs, the Metaverse, and gaming. Now, it would seem that one gaming giant can see the same. Recent comments from Shuntaro Furukawa – President of Nintendo – indicate that he sees “great potential” in the metaverse. This comes at the increasing popularity of the concept, while other major tech companies onboard the trend. Animal Crossing VS The Metaverse Furukawa shared his thoughts on Nintendo’s relationship with the Metaverse during a…
3 years ago
Bitcoin Surges Above $40k as Altcoins Make Big Gains
Bitcoin price rises past $40,000 after weeks of downhill movement since the start of the year. The crypto market responds well to fear of incompatible monetary policies. Ethereum, Solana, and other altcoins have likewise followed the uptrend, recording significant gains. Bitcoin Breaks 40k for the First Time in Weeks Bitcoin has made a significant recovery to $40,000, going up at least 11% in the past 24 hours. Over the last six months, the asset experienced a massive price crash. For…
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
Bank of Russia Awards First-Ever Crypto License to Atomyze
Atomyze is the first blockchain platform to receive a license to trade digital assets in Russia. The news of Atomyze’s license approval comes exactly a year after the platform applied alongside several other institutions. The license transforms Atomyze into the first officially registered fintech firm with the Bank of Russia. This also implies that the blockchain platform will legally issue tokens while offering digital wallet services to Russian customers. Atomyze employs decentralized technology to tokenize tangible assets. In this case,…
3 years ago
Owning Cryptocurrency Could Make You A More Attractive Date, Study Finds
We’re all going to make it, HODLers – at least for Valentine’s day. A new study from eToro – the world’s largest social investing platform – finds cryptocurrencies can make one more popular on the dating scene. Bitcoin Fixes…Your Love Life? As reported by CNBC, the study stated that 33% of Americans are more likely to go on a date with someone mentioning cryptocurrencies in their online dating profile. That’s compared to just 26% of Americans that own Bitcoin, according…
3 years ago
Disney’s Search for NFT Experts Sparks Metaverse Talks
Rumors of a Disney Metaverse have seen the giant entertainment company searching for top-tier talents with NFT knowledge. Disney is worth about $95 billion and boasts millions of viewers worldwide. Now, it is allegedly preparing a future metaverse for its fans. This is not surprising, considering its recently recurrent ads for job positions. Additionally, comments from the company’s former chairman, Bob Iger, have helped stir these speculations. NFT Job Ads at Disney A quick search for NFT positions on Disney’s…
3 years ago