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
The TON Testnet Will Be Terminated by August 2020
Despite the termination of Telegram’s blockchain project, users will need to install their own testnet validators for continuous usage of the network. Since the termination of the Telegram Open Network (TON) two months ago, the TON test net has apparently continued to run. In an update provided by the official TON development group on July 6, TON's support by the test network will be discontinued. They will turn off the remaining TON validators by August 1. Based on the recommendation of the…
5 years ago
Philippines’ SEC Declares Top Ethereum-Based DApp a Ponzi
The Philippines' Securities and Exchange Commission (SEC) has declared the top Ethereum DApp, Forsage, which accounts for 25 percent of the activity on Ethereum network as a possible Ponzi scheme. As a major source of activity on the Ethereum network recently, Dune Analytics shows that Forsage smart contract consumed 12.78 percent of Ethereum’s gas within the previous 24 hours. Forsage, which is behind the increase in ETH transaction fees, claims itself as a fully decentralized matrix marketing project, as well as the most thought-out…
5 years ago
Blockchain in Courts: A Look Into Blockchain Evidence in Global Courts
Also, wrongly known as decentralized ledger technology, blockchain is becoming a vital element that could disrupt every sector of life. The technology first came into the limelight in 2009 with the release of Bitcoin. Today, blockchain shows great use cases in almost every industry, such as finance, healthcare, agriculture, and supply chain. Blockchain impacts continue to spread across industries, with the latest target being legal institutions. Legal systems are among the slowest industries when it comes to the adoption of…
5 years ago
WMA: Bitcoin’s uptrend is stalling as hodling reaches historic high
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 $259 billion. Bitcoin moves sideways for most of the week and remains safe above the $9,000 level. Ethereum lost almost 2% of its value throughout the week. XRP continues to fluctuate slightly around the $0.175 level TRON makes the headlines with new DeFi products and ATM availability in South Korea Crypto Trends 29th of…
5 years ago
Elon Debunks Shatner’s Claims That He’s Building on the Ethereum Blockchain
On July 2, 2020, The CEO of SpaceX as well as Tesla, Elon Musk, brushed off rumors surrounding his involvement with the Ethereum blockchain. Canadian actor, William Shatner, had taken to twitter to indicate collaboration between the creator of the Ethereum network, Vitalik Buterin, and Elon Musk over a year ago. In his tweet on May 10, 2019, Shatner started: “My friends Vitalik Buterin and Elon Musk were trying to decide what to build on ethereum. I’ve been waiting and…
5 years ago
Binance Sentry Releases a Report Shedding Light on Cryptocurrency Scams
The leading cryptocurrency exchange Binance released a report explaining the way scams targeting cryptocurrency investors attempt to achieve credibility. The report, released on June 30, noted that the observations are based on an examination of reports of fraudulent investment schemes which promises quick or exponential returns on cryptocurrency investments. Binance Sentry which is an internal risk intelligence unit structured within Binance’s security team examined the reports, thereby coming up with its observations. However, the frauds go beyond cryptocurrency but likewise include forex,…
5 years ago
China-Backed Blockchain Service Network To Integrate Ethereum
Blockchain Service Network (BSN) is China’s national blockchain backed by the nation’s State Information Center, China Mobile, UnionPay, and others. Reports have it that BSN, sponsored by the Chinese government, is moving to initiate the integration with public blockchains such as Ethereum and Nervos Network. This is coming after it was noted last week that BSN is using Chainlink Oracles towards the enhancement of the speed and security of transactions taking place on-chain. It appears that this new development bodes well for…
5 years ago
Hacker Steals Cryptocurrencies Worth $500k From a DeFi App
The DeFi space of Ethereum has gone parabolic over the past few weeks. Cryptocurrencies locked in DeFi applications are now worth $1.65 billion, representing a 65 percent increase from the value on June 17. At the same time, there is an upsurge in the number of people using applications such as Compound, Maker, and Synthetix. However, the growth of decentralized finance may be temporarily slowed down by an alleged hack that took place some hours ago. On June 28, reports had…
5 years ago
WMA: Bitcoin drops briefly below $9,000 as markets brace for COVID-19 sequel
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 $254 billion. ● Bitcoin drops by more than 1.5% and ends the week trading just a few bucks above $9k ● Ethereum started the week on a 1% rebound but finished it on a 4.5% decrease. ● XRP continues to disappoint with yet another drop, this time below $0.18 ● As COVID-19 cases…
5 years ago