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
Terra To Launch Col-5 System Upgrade in September as Luna Hints towards a Price Rise
Terra plans to introduce an upgrade dubbed Columbus-5 on September 9th in a mission to improve the network and create more use cases. This is by far the most significant upgrade the system has ever made. As the days get closer to usher in upgrades, the LUNA coin performs very well in the markets, potentially going higher. Introducing The Columbus-5 Upgrade Columbus 5, Col-5 is a new system that may come to light in mid-September, inheriting the Columbus 4 system.…
4 years ago
How Regulators Manage to Retrieve Scammed Crypto Funds
The cryptocurrency industry is slowly but surely catching up with the world today. It has transcended through skepticism and unpopular culture to become one of the most thriving spaces in the financial sector. Furthermore, it has a top option for people looking to invest their money, whether due to its lucrative nature or monetary insurance. Over the years 2020 and 2021, we have seen several digital currencies skyrocket to new all-time highs. However, as the crypto world thrives, so do…
4 years ago
Why Cryptocurrencies Could be the Salvation for Immigrants
A 2019 statistic showed that a total of 44.9 million immigrants resided in the U.S alone, making up 13.7% of the nation's population at that time. Ideally, immigrants move from one country to another for better job opportunities, improved living standards, family reunification, or even escaping violence. However, whatever the reason could be for their movement, immigrants encounter significant challenges acquiring basic needs such as financial services. Moreover, lack of proper documentation makes immigrants ineligible for acquiring such services as…
4 years ago
What Cardano Users Should Expect After the Completion of Alonzo Hardfork
Cardano is one of the most popular, trusted blockchain networks promising to provide decentralized finance services. The network launched in 2015 and has provided a very successful coin that has attracted millions of users globally. The Cardano coin (ADA) has a current unit price of $1.5 and a market cap of about $50 billion. So there's no doubt that the coin has high value and could be an excellent investment prospect. However, since its launch, the Cardano network has been…
4 years ago
San Marino to Issue Digital Covid19 Passports, The EU Approves
On July 1st, 2021, the San Marino council passed a law for providing Covid19 digital passports with vaccination details. The digital documents would take Non- fungible tokens, and the vaccination records are in the Vechain blockchain. The European Union General Council later approved the Certificates. NFT Certificates Based on Vechain Recently, the general counsel at San Marino introduced and passed new legislation that allowed citizens to get and use blockchain-based passports. Generally, this move would help generate more confidence for…
4 years ago
Walmart’s Payment Future May Change as it Looks Towards Hiring a Crypto Expert
According to a job posting, Walmart looks forward to hiring an expert with vast knowledge of cryptocurrencies. The E-commerce giant states that the position will employ a digital currency lead responsible for developing a virtual currency framework. What's more, the strategist holding that position will be on the lookout for any crypto-related investments, show dedication to a product roadmap, and transform customers' concerns into product requirements. Thus, this position will build the expert's portfolio as a skilled individual who implements…
4 years ago
Can the Crypto Space Survive without Regulators? Are Regulators Good or Bad For Crypto?
Financial regulators, commonly referred to as watchdogs, are systems set nationally and internationally to help control and ensure the financial world is reliable. It's the fundamental duty of these watchdogs to develop policies that help in protecting the citizens from any financial dangers. Globally, watchdogs, including SEC, FCA, among others, have always sought to regulate crypto. However, there's one problem: cryptos were never supposed to be a regulated entity. In the past years, many top financial analysts have demanded more…
4 years ago
Cryptocurrency Transactions Skyrocketing; Bitcoin Maintains the $46,000 Level
Bitcoin’s price is stuck around $46,000 and has not moved higher even though there is some strong momentum and buying. Over the past few months, Bitcoin has been moving up and down by up to 50%. This week, it managed to cross above the 40,000 marks after being below the level for about two months. The cryptocurrency and blockchain market, in general, has risen to $8.7 billion in just the first half of 2021 compared to $4.3 billion in the…
4 years ago
Bitcoin Hits $47.1K as Altcoins Follow a Bullish Trend
The current market charts of the crypto world show some substantial increases in price, especially in the top-performing assets. Bitcoin and Ethereum have been on a long Bull run, and it seems like Cardano and Binance Coin are also following the course. Bitcoin Bullish Trend Bitcoin has, in the last two weeks, been on continuous price recovery. Currently, the coin is trading at around $47.1k, which is a 1.74% rise in 24 hours. However, the coin immediately dropped back to…
4 years ago