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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 $2,435 trillion. Bitcoin is down by almost 9% after a horrible week. Ethereum dropped by almost 7% over the past seven days. XRP dropped by almost 15% to trade again below $1. Almost all altcoins have traded in the red for most of the week. The DeFi sector lost nearly $1 billion in Total…

DeFi Yield Protocol (DYP) – a yield farming aggregator platform – recently announced its new pools for staking, buyback, and farming on Binance Smart Chain (BSC). Each pool is offering remarkably high APRs of 50%, 100%, and up to 1150% respectively.  These pools arrive at a critical moment for DYP, which analysts predict will surge by orders of magnitude in the weeks to come.  DYP’s New Pools According to a company statement, the Buyback pool will allow users to deposit…

November has not been great for Bitcoin. But it has been even worse for the predictions of one PlanB, a crypto analyst with a devout following. Bitcoin is trading at just over half of what it is supposed to if his predictions had been correct. This even made him acknowledge that his $98k Bitcoin prediction will probably be a “first miss”. A Dutch institutional investor turned Bitcoin maximalist is famous for his models that have, in the past, accurately predicted…

An NFT of iconic contemporary artist Keith Haring will be up for sale between December 1st and 10th, 2021. The NFT sale will debut on Haru Invest, a leading digital asset management firm. Most importantly, it is a digital representation of one of the artist's most celebrated works. The unique digital NFT honours the influential presence of Keith Haring's original artwork "Untitled" (1980). Also, it offers a unique investment opportunity to investors in the crypto sphere.  [caption id="attachment_48699" align="aligncenter" width="400"]…

Bitcoin has grown into a viral payment method, and info from BlockData proves it. The blockchain analysis firm recently stated that Bitcoin had supported 65% greater transaction volume than PayPal this year. This shows that Bitcoin is increasingly popular as a payment method and not just a store of value. Bitcoin Versus Paypal 2021 On Monday, Blockdata released a detailed analysis of how it will adopt the Bitcoin network for payments over time. While examining some current numbers, the firm…

The success of Bitcoin’s lightning network may bring one noteworthy payment process back into the asset. Stripe – a financial services and software company – recently stated that it could begin supporting Bitcoin payments again. This comes after Stripe ended support for the cryptocurrency in 2018 due to slow transaction speeds. Could Stripe Return to Bitcoin? John Collison – Co-Founder of Stripe – expressed re-consideration for Bitcoin to CNBC on Tuesday. He recognized that the asset class means different things…

Panic selling in India caused crypto prices to crash as the country's parliament introduced a bill to ban crypto. Bitcoin tumbled 14.8% on the Indian WazirX crypto exchange two hours after the announcement. Other cryptos posted losses in the double digits as well. For instance, Ethereum dropped 15%, and the stablecoin Tether dropped almost 18%. At one point, Bitcoin was trading at a 15% discount in India, compared to other exchanges. However, this spread has since dropped first to 3%…

Elon Musk is not happy with how Binance is running its operations today. He targeted Binance CEO Changpeng “CZ” Zhao on the exchange’s handling of recent Dogecoin withdrawal troubles, suspecting “shady” behavior. Not backing down, CZ fired back with his own criticism of faulty Tesla vehicles. Elon Musk Versus Changepeng Zhao The executive feud began with Elon Musk tagging CZ in a Twitter comment earlier today. The comment was left on a CoinDesk tweet quoting the CEO, saying he wanted…

Following months of ongoing battles and legal pressure, Ripple is finally making some progress in its lawsuit with the SEC. CEO Brad Garlinghouse said he expects the case to finally end next year. Lawsuit Update From Brad Garlinghouse Brad Garlinghouse – CEO of Ripple – elaborated on the lawsuit’s latest development in an interview with CNBC on Monday. The lawsuit began in December of 2020, with the SEC accusing Ripple of selling $1.3 billion worth of XRP in an unregistered…