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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 $928 billion. Bitcoin has decreased by nearly 4% this week. Ethereum lost almost 8% over the past seven days. XRP is up by nearly 29% this past week. Almost all altcoins are trading in the red, with few exceptions. The DeFi sector maintained the total value protocols (TVL) at around $27 billion. Crypto Trends…

According to historical records detailing domain purchases under professional anonymity provider AnonymousSpeech, Bitcoin could have been Netcoin instead.  Nakamoto May Have Been Torn Between 2 Names The data revealed that on August 17, 2008, a day before Satoshi Nakamoto created Bitcoin.org, Netcoin.org came into existence. AnonymousSpeech is a Japanese service that allows users to purchase domain names anonymously. Twitter user @Orweinberger made a post on Friday to reveal the new findings. They reportedly discovered the information while going through all…

The Bitcoin bullish software company MicroStrategy is building Bitcoin lightning network wallets that can be deployed to enterprises.  The company’s executive chairman and former CEO Michael Saylor shared details on the tech in a recent interview. In an uncharacteristic fashion, he also offered some short/medium-term price predictions for Bitcoin. MicroStrategy Builds on Lightning As Saylor told MarketWatch in an interview on Wednesday, the company’s wallet software will let business owners distribute Bitcoin to thousands of employees in a single afternoon. …

It is always nice to see new projects taking inspiration from successful ones in crypto. We have seen it many times before, and it is happening again with Volt Inu (VOLT). The project is following in the footsteps of SHIB, which has been highly successful. The team behind Volt Inu (VOLT) announced multiple listings of the token over the recent months. The listing of the project on Gate.io and Bittrex Global are the most recent ones. Gate.io - Effects on…

In a release on Thursday, a Russian news outlet revealed that the nation’s authorities have given the green light to crypto cross-border settlements. Beneath a new bill from the relevant entities, Russia will grant people access to crypto wallets. Central Bank Agrees on a Proposal for Cross-border Settlements The Bank of Russia and the Russian Ministry of Finance have agreed to let residents use digital assets for cross-border payments. Deputy Minister of Finance Alexei Moiseev claims both entities joined forces…

Jamie Dimon – CEO of JP Morgan Chase – had more unkind words for the digital asset market on Wednesday.  The bank executive called cryptocurrencies such as Bitcoin “decentralized ponzi schemes,” and suggested that they aren’t currencies at all.  Banker VS Bitcoin During congressional testimony, the CEO reiterated his historically anti-crypto stance after it was mentioned by a lawmaker.  “I’m a major skeptic on crypto tokens, which you call currency, like Bitcoin,” said Dimon. “They are decentralized Ponzi schemes.” [caption…

Kraken co-founder CEO Jesse Powell is set to exit his position as CEO of the major exchange platform. Amid speculation that various controversies have prompted the move, Powell claims this decision has been in talks for over a year.  Powell Is Not Leaving Kraken Entirely The avid crypto advocate shared that he plans to remain active within the crypto platform. Powell will step into a new role as the company’s first chairman of the board. He reportedly intends to shift…

Tether – the issuer of the world’s largest stablecoin, USDT – is once again being pressured to demonstrate the quality of its reserves.  On Tuesday, the company was ordered by a U.S. court in New York to provide detailed financial documents for evaluating claims around the asset’s backing.  An ‘Extraordinary’ Request The order is part of an ongoing 2019 lawsuit claiming that Bitfinex and Tether conspired to inflate Bitcoin’s price by pumping the market with unbacked Tether tokens. At the…

Indian crypto exchange, CoinDCX had its Twitter account hacked on Tuesday. The hackers used the compromised account to promote a fake Ripple (XRP) giveaway. Today we are pumping XRP. To support our community, we are announcing 100,000,000 XRP GIVEAWAY,” the now-deleted tweet read. The fake promo was then followed by a phishing link. To erase suspicions, the hackers retweeted official posts from Ripple Labs CEO, Brad Garlinghouse. They also replied to tweets with phishing links.  As they strove to regain…