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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 $1,950 trillion. Bitcoin is up by roughly 5% after another successful weekly run. Ethereum has increased by over 4% over the past seven days. XRP records a spectacular 60% value boost over the week. Dogecoin, Polkadot, and Cardano end the week with significant value boosts. The DeFi sector added almost $1 billion to the…

As the world continues to embrace cryptocurrencies, so too do they evolve. Evolution affects many of their processes and functions.  Bitcoin, your premier digital asset, isn't exempt from these changes. One important process where it has undergone tremendous change is in Bitcoin (BTC) Mining. So what is Bitcoin Mining? What's its importance? How has Bitcoin Mining evolved with time, and what's its future? Well, this article takes you through the evolution of Bitcoin mining. The process will help you understand…

On Friday 13th August, the prices of Ethereum continued with the long bull pattern, increasing to newer heights. ETH could soon go past its ATH if the trend continues. London fork and institutional support of the crypto world are receiving the credits for the continuous price surges.  Ethereum's Price Analysis The ETH coin was on a bullish pattern on Friday 13th, after initially losing the prices to below $3k just a day before. On Thursday, Ethereum's price plunged to $2984.…

The fourth industrial revolution has come with consistent growth and adoption of technology in different fields of life. Amidst all this, the most extensive innovation of our century, Bitcoin, also surfaced on the financial markets over ten years ago. Bitcoin is burgeoning. A decade since its inception, the average daily trading of cryptocurrencies has exceeded 1% of trading in Foreign exchange markets. It’s currently the most significant market globally by trading volume. Bitcoin transactions alone have grown by almost 60%…

On August 13, Poly Network confirmed it had offered the hacker or hackers responsible for its $610M loss a ‘mistake reward’ of $500,000. In a statement, Poly gratified the hacker's decision to return the bulk funds. The dubbed name is an industry term for an ethical hacker whose purpose is to expose vulnerabilities in the Poly Network’s system. What Next After the Reward? The network hopes that “Mr. White Hat” would aid in developing the blockchain sector after he accepted…

Every jurisdiction operates using fiat currencies because everyone highly accepts it as a store of value and a means of payment. However, people accept Bitcoin as a means of payment, but only in some parts of the world.  The fact that the government backs fiat currencies poses some concerns and limitations to its users. They include inflation, deflation, theft, to name a few. On the other hand, Bitcoin is backed by blockchain technology. The technology creates room for the network…

The Bank of Ghana is teaming up with Giesecke+Devrient (G+D) to launch a Central Bank Digital Currency pilot program. This move could make Ghana the first African country to unleash its digital currency.  According to a press release, the collaborative effort will test the issuance of a general-purpose CBDC dubbed as Cedi through various stakeholders, including banks, consumers, merchants, payment providers, and many more. The gradual transition towards a cashless economy is part of the Digital Ghana Agenda, which plans…

The BTC price is up nearly 50% over the past three weeks, hitting a top of $46,767 in the past 24 hours. The bullish momentum has sparked a resurgence across the broader crypto market, which has reached a market cap of $2T for the first time in three months. The digital asset class has added an impressive $400B as altcoins mirrored bitcoin’s recent uptrend in the past week. The crypto market first soared to a cumulative market cap of $1T…

Bitcoin is relatively consistent on Wednesday at around $46,300 per coin, while rivals Ethereum and Dogecoin were trading around $3,220 and 26 cents per coin. The Bitcoin price broke past $46,000 on Monday morning. This happened after a high-stakes weekend for the crypto industry as the Senate discussed its part in the still expected infrastructure bill. Still, on Monday, Bitcoin traded as high as $46,465, the highest level it has accomplished since May 16, when it hit $49,770.33. Ethereum's London…