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
Pepsi Slammed For Cringeworthy Use Of NFT Lingo
Multinational corporations have been trying to be "cool" since forever. One of the ways they try to do it is by adapting to new trends or even copying their jargon. However, they rarely pull it off. Instead, they usually alienate the users they are trying to appeal to. That's what is happening with Pepsi, which tried to jump on the latest trend - NFTs. Of course, right now, all the cool people are into NFTs. That's why celebrities and giant…
4 years ago
Why Your Favourite Athletes Are In Love With Crypto
Since Bitcoin took off late last year, word of either cryptocurrency, blockchain or NFTs has permeated almost every conceivable industry. But, of course, some groups show greater interest in the space than others. Some market participants – while exciting – aren’t exactly surprising. Elon Musk, Michael Saylor, and Jack Dorsey – all Bitcoin lovers and billionaires – are tech nerds running tech companies. One would expect them to be the first to grapple with an industry at the forefront of…
4 years ago
WhatsApp Integrates Stablecoin Payment Pilot For US Users
It looks like Meta is bringing the world of crypto to social media apps beyond just Facebook. The company recently announced that Novi – its native digital currency wallet – has been integrated into WhatsApp's messaging service. This comes shortly after David Marcus, head of Novi, announced plans to leave the project at the end of the month. Crypto Payments Through WhatsApp Stephane Kasriel – incoming head of Novi – revealed the wallet’s WhatsApp compatibility in a tweet on Wednesday.…
4 years ago
Bitcoin’s Hash Rate Recovered From China’s Crypto Ban
Bitcoin has seen a significant strengthening of its mining network in recent months. The network's hash rate has almost completely recovered from China's crackdown on mining. The hash rate is a measure of the total computational power that contributes to mining Bitcoin. A hash is a fixed-length alphanumeric code that miners have to solve to process BTC transactions. We measure the hash rate in exahashes (1 quintillion hashes) per second (EH/s). The hash rate is also a rough measure of…
4 years ago
Visa Now Offering Crypto Consultation Services to Clients
Visa understands where the financial payments of the future are heading. Furthermore, it does not hesitate to inform its clients about it. For example, the payment giant is launching crypto consulting and advisory services to help clients navigate the novel crypto world. This shortly follows the launch of another Visa initiative to familiarize artists with NFTs. Crypto Consultation With Visa The advisory practice will be housed in Visa’s consulting and analytics division, as reported by CNBC. It will provide retailers,…
4 years ago
Jack Dorsey’s Spiral Announces Dev Kit For Lightning Network
Cementing his commitment to building on Bitcoin, Jack Dorsey’s “Spiral” (formerly “Square Crypto”) has released its Lightning Development Kit (LDK). The kit is available on GitHub and it helps people “build a lightning node without worrying about implementing low-level lightning logic correctly.” That means developers have received an easy-access resource for integrating Bitcoin payments into other apps. The Lightning Dev Kit Spiral announced its new coding library through a humorously presented video trailer on Monday. Its inspiration comes from an…
4 years ago
Tags
BadgerDAOTags
BadgerDAOHow a group of hackers entered BadgerDAO and stole $120 million
Although the blockchain world is taking significant steps forward in terms of security, sometimes the system fails to protect its users. For example, last week, the BadgerDAO exchange was the victim of a hacker attack that, in a few minutes, did a great deal of damage to the portal. With access to only 23 wallets, the hackers managed to withdraw BTC and ETH worth $120 million. Investigations into the theft are ongoing, and Badger provides full support to the authorities…
4 years ago
Bitcoin Breaks $51,000 As Whales Buy The Dip
Days after Saturday's Bitcoin crash, the crypto market showed signs of recovery. Bitcoin shot past $51,000 per coin, up 7.8% in the last 24 hours. The largest crypto added some $72 billion to its market cap, which reached $969 billion. Bitcoin's rebound boosted other significant cryptos, usually trail the crypto market leader. Ethereum reached $4,390, a 10% increase over the day. Binance Coin traded at $588, up 6.42% in the same period. Solana jumped 12.37% to $201.66, while Cardano spiked…
4 years ago
First Wikipedia Edit To Become An NFT
With billions of page views each month, Wikipedia is one of the most popular online encyclopedias globally. The website's popularity derives from the breadth of its content and the network of users who keep the information updated voluntarily. Wikipedia was born in January 2001 and, after a difficult start, it managed to gain popularity year after year. Today the online encyclopedia takes a new step in its future, entering the NFT sector for the first time. Our article will remind…
4 years ago