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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 $1,827 trillion. Bitcoin is up by roughly 7% after a successful weekly run. Ethereum has increased by over 20% over the past seven days. XRP records a 6% value boost over the week. Dogecoin, Polkadot, and Cardano end the week with significant value boosts. The DeFi sector added almost $8 billion to the total…

A decade into their existence, cryptocurrencies are starting to come into their own. For long shunned as a fad that would pass with time, they've withstood the skepticisms to gain currency in financial conversations. Today, they attract the attention of individual citizens and corporations that had dismissed them before.  2021 has witnessed a significant jump in the crypto holdings of fortune 500 companies, with some indicating a willingness to buy further into the sector. The question is, which companies have…

On August 6th, for the first time, Bitcoin hit the $42.9k mark after retracing with a super price surge from merely $39k. It's the first time bitcoin hit the mark in over two and a half months, and as seen, this bullish trend could continue for a while. This bullish trend could have a positive impact on the entire crypto space if it continues.  Bitcoin on a Bullish For the first time in over 80 days, bitcoin currency hit the…

USD Coin is considered the second most lucrative stablecoins in the crypto world. It introduced the crypto world to the idea of the USD coin in early May 2018, but the coin itself was launched in September of the same year. Being a stablecoin, the USD coin is backed by the USD currency in the bank accounts.  In 2021, the USD coin has been increasing vastly in adoption, and the trading volumes have been growing vastly recently. Its growth has…

According to a recent press release, CryptoQuant has raised $3 million from industry investors during the recent funding round. The fund was led by  Hashed, a globally renowned blockchain capital firm. The firm has been financially supporting blockchain projects towards a decentralized future and has invested in public blockchain projects like Klaytn and Line’s LINK. Other significant investors who participated in the fund include Galaxy Interactive,  Mike Novogratz, Youbi Capital, and Mirae Asset Capital.  CryptoQuant stated that it would focus…

The testy Sino-crypto relationship may have taken a turn for the worst following the country's latest decree on them. China has openly voiced its uneasiness with privately issued digital assets. For instance, in 2013, it banned Bitcoin(BTC) as a medium of exchange despite recognizing it as virtual property. The country then declared Initial Coin Offerings (ICOs) illegal. Now it has placed a ban on all crypto mining activities in the country. As expected, the crypto world experienced shocks following the…

Bitcoin has for over a decade now been an investor's favorite asset, with over 20 million addresses holding some amount of BTC. It was introduced as a peer-to-peer medium of exchange, used as a payment asset. The idea was to create a network that is entirely free from governmental regulations. Generally, Bitcoin has been successful as an investment asset but has garnered value because of its use as a medium of exchange. However, some investors would want to invest in…

Today, the most significant upgrade to the Ethereum network just happened to revolutionize the Ether blockchain. The London hard fork incorporated a fee reduction feature called EIP 1599. According to ultrasound, in just a few hours of running, the fee cut had already gotten rid of $2 million worth of ETH. Money. Vitalik Buterin, the inventor behind the cryptocurrency, stated that the EIP 1559 is the most significant part of the upgrade. Currently, ETH is trading at 2,809.16, up 3.91%…

The ETH price logged an impressive rebound towards $3K on August 5 after the much-awaited EIP-1559 software upgrade to the Ethereum blockchain debuted. The network adjustment, which is part of a broader move toward ETH 2.0, swiftly countered the downtrend seen in recent days as optimism from traders poured in.  The supply-focused update sparked a sudden burst of enthusiasm amongst investors that pumped the ETH price 8% to highs of $2,820. The momentum also propelled the biggest ETH rivals, BNB…