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…
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Trezor Roll Outs New Bitcoin Desktop App, Public Beta Now Available
Leading cryptocurrency hardware wallet provider, Trezor has rolled out “Trezor Suite,” a desktop app that allows users to manage their Bitcoin and cryptocurrencies all in one place. The company describes Trezor Suite as a growing ecosystem of tools that make it easier for customers to access and control their hardware wallets and portfolio from a single device. The platform is compatible with Bitcoin and popular altcoins. Trezor claims the app comes with many improvements, thus providing greater usability, privacy, and…
5 years ago
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Crypto.comCrypto.com Reaches Over 5 Million Users
Crypto.com, a well-known name in the world of cryptocurrencies, has recently announced surpassing over 5 million users on its platform. Founded in the year 2016, Crypto.com grew rapidly with its visa-based crypto debit cards and then forayed into a “super-app” letting users trade as well as earn cryptocurrencies in one place. Upon reaching this milestone, Kris Marszalek, CEO of Crypto.com, said, “ Crypto.com has been very fortunate to grow from 1m users to over 5m on the platform in only…
5 years ago
12 Countries Set to Dominate Blockchain Industry Reveals PWC Report
Global consulting firm PowerhouseCooper (PwC) has revealed 12 countries set to dominate the next decade's blockchain sector. As per a report on distributed ledgers, PwC stated its projections for the next decade, which had some interesting observations. Familiar Countries lead the way The United States and China unsurprisingly lead the way and are expected to dominate the scene for another decade. Both nations have made conscious efforts towards blockchain regulations and creating a good ecosystem for developers. China is expected to…
5 years ago
LCX is Tokenizing Controversial “Roe V. Wade” Movie in a $5M Fund
Liechtenstein Cryptoassets Exchange (LCX) announced that it would tokenize the upcoming Roe v. Wade feature film produced, written, and directed by Nick Loeb and Cathy Allyn. The movie is a political-legal drama based on the true story of America's most controversial decision by the U.S. Supreme Court. According to director Loeb, the film focuses on "the women's rights movement versus the pro-life movement." "It's a social war movie where we take both sides of the argument and hopefully let the audience…
5 years ago
Monero Atomic Swap Project Raises Over $290k in 48 hours
A project seeking to develop Monero Atomic swaps has raised $293,000 in 48 hours. Monero Space, a project focused on developing the Monero ecosystem, had tweeted a link to the fundraising page on October 12, which sought to raise around 2727 $XMR through crowdfunding. The Monero Atomic Swap has gained increasing traction within the Monero community, with key influencers promoting the fundraiser. So far, the community has reacted positively to the project, with about 2295 XMR ($293,000) raised in 48hours.…
5 years ago
Carrying a Bitcoin Brainwallet? It’s extremely unsafe, says a BitMEX Research
If you’re one of those who are carrying a Brainwallet using passphrases from your favorite movie or book, they’re extremely unsafe, says a new research bit from BitMEX. Brain wallets are basically tools that let users choose a simple password, and those passwords are further encrypted with an SHA-256 hashing algorithm. Even though the encryption is practically impossible to reverse engineer, it is highly prone to brute force methods. According to the experiment, eight Bitcoin Brainwallets were created using paraphrases…
5 years ago
Stone Ridge Joins the Bandwagon, Calls Its $115M in Bitcoin “Primary Reserve Asset”
Stone Ridge, a New York-based institutional asset management company, has become the latest company to describe Bitcoin as a "Primary Treasury Reserve Asset." Announcing this today, the company, worth $10 billion, noted that it holds 10,000 Bitcoin worth $115 million as a reserve asset. The asset manager said it is non-wholly owned crypto subsidiary, NYDIG, would maintain custody of the Bitcoin. NYDIG was launched during the crypto rush of 2017 to cater to the needs of new breeds of institutional…
5 years ago
Official Chinese Communist Party Outlets Praise Cryptocurrency Investments
Suppose you have been following the latest cryptocurrency surge. In that case, you will agree that China has played a leading role in the world of cryptocurrency, already ruling the hash rate war on the Bitcoin network. There are millions of Bitcoin traders in China, adding to the insinuation that China may go the way of Digital currency in the future. Just recently, Reference News (参考消息), a media outlet with long-ties with the Chinese Communist Party, published a report with the…
5 years ago
Ethereum Leads DeFi Sector With 96% of all Transactions
Decentralized finance (DeFi) has enjoyed a significant year with several protocols exceeding expectations. Crypto enthusiasts poured into the sector as several DeFi protocols managed to increase their value exponentially. Ethereum leads the way. DeFi protocols have always been at the forefront of discussions within the crypto community since its boom began. Several blockchain projects have tried to focus on decentralized finance, but not surprisingly, Ethereum holds commanding dominance. DappRadar revealed in its latest report that 96% of DeFi transactions are made…
5 years ago