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Bitcoin recently made a bullish statement as it breakout past $50k, while ETH also broke out past its resistance level at $3.3K. The two coins seem to be eyeing new ATHs surpassing the analysts' prediction of $100k and $20 for Bitcoin and Ethereum, respectively. Most of the other coins are also benefiting vastly from bitcoin's bullish trend.  BTC on an Upsurge On Monday, 23rd August, Bitcoin made a bullish statement when it went past its long-term resistance of $50k for…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,070 trillion. Bitcoin is up by roughly 5% after another successful weekly run. Ethereum calls it even after a 0.5% increase over the week. XRP is down by 6% in comparison to last Sunday Solana, Polkadot, and Cardano end the week with significant value boosts. The DeFi sector added almost $2.7 billion to the…

Brian Armstrong, the co-founder, and CEO of Coinbase, made a stunning announcement recently. The platform intends to buy around $500 million worth of cryptos, according to a tweet.  The news follows a go-ahead by the platform's board, according to the CEO's tweet. Coinbase will make the purchases on its balance sheet to shore up its holdings. Part of a Bigger Plan The purchase is quite possibly the tip of the iceberg. According to the same tweet, Coinbase will commit 10%…

The bulls are back in control of bitcoin’s price action after the leading crypto bounced from a slump to a new weekly low at $44,012. The price has now recovered gains and is trading above $48K, per data from coinmarketcap.  The BTC price logged new multi-month highs of $48,630 on Friday, the highest level since the mid-May crash, proving that the bull market cycle is still on. The uptrend that has seen BTC jump nearly 7% over the past 24…

On August 19, Worldline, a European payment service, and Bitcoin Suisse launched an Omnichannel crypto payment tool called WL Crypto Payment. The launch comes two years after the two became partners to speed up crypto adoption. WL-Crypto Payment Tool Bitcoin Suisse and Worldline introduced an omnichannel payment solution that will help Swiss merchants accept payments in crypto. Buyers in Switzerland can now buy items in bitcoin and Ether as payment options. Using crypto will be as effortless as using traditional…

On Thursday, Tokyo-based Japanese crypto exchange Liquid revealed hackers had compromised it. Liquid did not exactly put up any figure on the amount stolen from the warm wallets. However, Elliptic estimated the hackers made away with about $97 million in digital coins.  The figure included $31 million in ether, $5 million in bitcoin, $13 million in XRP, and stablecoins. $45 million of the amount was in Ethereum tokens. Liquid said that the conversion of the digital assets to ether is underway. This…

The Decentralized Finance (DeFi) space is so vibrant that it's hard to grasp the longevity of its applications. According to statistics from coinmarketcap, the market cap of DeFi is over $112bn. For that, financial watchdogs are having a hard time keeping up with such an explosive industry. Just recently, a hacker managed to scoop up to $600 of crypto from the Poly network. Such a security breach has ignited talks on whether regulators should be more involved in overseeing the…

Philosophers and most fintech aficionados align the concept of cryptocurrencies with free will despite the differing analogy between the two. The main feature of cryptocurrencies is to provide users with the freedom to choose how, when, and where to use their funds.  Accounting to the fact that money breeds freedom (still debatable), it is possible that cryptocurrencies could be the modern-day catalyst to achieving free will.  Well, let's take a gander at the common arguments of free will from staunch…

On Wednesday 19th, the Financial Times reported that CME, a futures exchange platform, made a $16 billion bid to take over its Chicago rival Cboe exchange. However, shortly afterward, CME came out and flatly denied the rumors. This news had a very significant impact on the market prices of each of the company's stocks.  CME Rumored to Bid for Cboe According to the financial times' news outlet, CME had put a bid earlier on Wednesday planning to take over the…