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
Binance Publishes A Constitutional List Of Crypto Rights
Amid stifling regulations from uninformed US financial regulators, crypto exchanges are creating recommended frameworks for the industry in their stead. Binance is the latest to do so, after it recently launched its list of “10 fundamental rights for crypto users. The list includes both freedoms and protections Binance believes every human deserves when interacting with Crypto. Here are the exchange’s rights recommendations – alongside some of Crypto Adventure’s commentary. Binance's Decalogue Every human being should have access to financial tools,…
4 years ago
Australian Baseball Club Adopts Bitcoin Standard, Will Dump Dollars For BTC
While institutions start to slowly dabble fractions of their portfolios in crypto, an Australian baseball club is way ahead of the game. The Perth Heat – the most successful club in the league – is adopting Bitcoin as its primary monetary unit. That includes shifting its treasury from dollars to Bitcoin, and using it to pay staff. Perth Heat Swallows The Orange Pill The club revealed its plans for Bitcoin adoption in a statement to Bitcoin Magazine earlier today. Apparently,…
4 years ago
Cryptos Drop With Bitcoin as After Threats From China – Twitter Rules Out Holding Bitcoin On Balance Sheet
Crypto markets are in the red after a 7-week rally. Major cryptos dropped with Bitcoin on Tuesday, down from record highs just a week ago. Bitcoin was down 7.3% in the last 24 hours. At one point, the largest crypto briefly dipped below $60,000, going as low as $58,702. It later rebounded, trading at around $60,550. At the same time, the largest smart contract crypto Ethereum dropped 9.2% to $4,287. Binance Coin dropped to $583, 9% down in the same period. Solana…
4 years ago
Is The Crypto Market Oversaturated With Currencies?
On November 8th, 2021, the cryptocurrency market cap crossed $3 trillion. Institutions, billionaires, and celebrities continue to enter the space, bringing both money and promotion. Meanwhile, exchange apps like Crypto.com are growing in popularity, after recently topping the Google Play Store. The enthusiasm and activity within the crypto market are undeniable. However, that doesn't mean that there is plenty of room for new cryptocurrencies. Currently, over 14 200 cryptos appear on CoinMarketCap. However, Bitcoin dominates over 43% of that market.…
4 years ago
Major Pakistan Bank Partners With Ripple To Facilitate Remittances From UAE
The case for crypto in developing countries is getting stronger. This is due to the newest development from the United Arab Emirates. UAE's financial services provider LuLu Exchange has partnered with Pakistan's leading Alfalah bank to facilitate remittances - with Ripple. Specifically, to aim of the partnership is to facilitate remittances from UAE to Pakistan. Cross-border payments are one of Ripple’s primary use cases. Blockchain tech could now benefit the 1.5 million Pakistanis who live in the UAE. Ripple network could…
4 years ago
WMA: Bitcoin Hits $69,000, Taproot Upgrade Goes Live, Altcoins in the Red
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 $2,792 trillion. Bitcoin is up by nearly 2% after a productive week. Ethereum is down by 2% after a tumultuous week. XRP dropped by almost 5% over the past seven days. Almost all altcoins are trading in the red at the end of the week. The DeFi sector lost nearly $14 billion from the…
4 years ago
Kevin O’Leary Says He’s 10% Allocated To Cryptocurrency
Media personality and entrepreneur Kevin O’Leary recently revealed that 10% of his portfolio goes to cryptocurrency. This comes after the investor derided the asset class years ago, with words that he now says he’ll “never live down”. O’Leary Treats Crypto As A Serious Investment The Shark Tank star revealed his crypto holdings yesterday during a Reddit talk session. He said that he opened up to the asset class as international regulators showed their approval and created industry frameworks. With that,…
4 years ago
Mayor Of Miami Will Start Giving Free Bitcoin To Residents
Francis Suarez – Mayor of Miami, Florida – recently said that he is preparing a Bitcoin airdrop for residents of the city. This comes on the heels of a budding rivalry between him and NYC mayor Eric Adams to create the most Bitcoin-friendly jurisdiction. Free Bitcoin in Miami Mayor Suarez revealed his plans in an interview with CoinDesk earlier today. They began discussing the city’s new cryptocurrency, MiamiCoin, which has earned the city over $21 million since launching in August.…
4 years ago
Canada Gets Bitcoin and Ethereum Carbon Neutral ETFs
While the SEC hesitates to approve anything beyond a Bitcoin Futures ETF, Canada has moved leagues ahead on crypto acceptance. Yesterday, Purpose Investments launched another pair of series for its Bitcoin and Ethereum ETFs in the country. Notably, these variants have a structure that specifically help their cryptocurrencies achieve net-zero carbon output. Green Bitcoin and Ethereum ETFs Purpose Investments announced their new exchange products in a press release on Tuesday in partnership with Technologies. Their carbon-neutral series of Bitcoin and…
4 years ago