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
Ledger Introduces Nano S Plus – An NFT-focused Hardware Wallet
Ledger has released a new USB-C stick called Nano S Plus that can store thousands of digital assets. While many are familiar with the company’s solutions to store cryptocurrencies, this is the first one working with NFTs. With a starting price of $79, the Nano S Plus wishes to be an excellent value for the money. The Ledger Nano S Plus costs almost half its predecessor (Ledger Nano X), with no battery or Bluetooth connection. A Few Words About Ledger…
3 years ago
Cardano – Snoop Dogg to Launch NFT Songs
On the Cardano ($ADA) network, Snoop Dogg aims to distribute unreleased songs as non-fungible tokens (NFTs). Clay Nation, a Cardano-based NFT project, collaborates with the rapper to make the change. What should we make of this new partnership? Most importantly, how can the deal affect the music and blockchain world? A New Way to Enjoy Snoop Dogg’s Music Snoop Dogg has long been a pioneer in hip-hop music and has contributed significantly to its development. Non-fungible tokens, the creation of…
3 years ago
Amazon will Ignore Cryptocurrency as a Payment Method, For Now
While some major corporations like PayPal, Mastercard, and Tesla, have embraced cryptocurrencies, Amazon has decided to be cautious. Following the release of his first annual shareholder letter, Amazon's CEO Andy Jassy indicated his unwillingness to accept cryptocurrency payments. On the other hand, the CEO of the tech behemoth expressed optimism about the future of the crypto industry. In the interview, Andy Jassy also revealed that he does not possess any Bitcoin or non-fungible tokens (NFTs). This is despite the CEO’s…
3 years ago
Ethereum Push Notification Service Gets $10M Series A Funding
The recently launched Ethereum Push Notification Service has raised more than $10 million in Series A funding, taking the company’s valuation to $131 million. The blockchain’s novel service could bring a new dawn to web3 messaging, as investor interest piques. What is the EPNS? Ethereum Push Notification Service is a blockchain-based messaging service built to delve right into web3’s potential. Launched in January, the decentralized protocol for notifications works across most devices, from browsers to Android and iOS. According to…
3 years ago
1inch Protocol Deploys on the Fantom Network
The popular DEX aggregator 1inch has now deployed on the Fantom network – a layer-1 smart contract platform for decentralized finance. This brings deeper market liquidity and cheaper, more efficient swaps to 1inch users. 1inch gathers data and liquidity across multiple decentralized exchanges (DEXs), throughout various blockchains, to find the best trading rates for its users. These include Ethereum, Binance Smart Chain, Polygon, Avalanche, and now Fantom – among others. The Fantom network uses a unique “directed acyclic graph” (dag)…
3 years ago
A Bank in Texas is Adding BTC Saving Plans for Its Employees
In recent years, digital money has expanded significantly. In addition to trading and exchanging, several companies are now taking bitcoin as a means of payment. Digital money will soon be part of an employee savings plan at a bank operating in Texas. Could receiving Bitcoin salaries become an option in the future? Texas Bitcoin - Vantage Bank’s Innovative Decision Vantage Bank is among the first companies to allow workers to join a Bitcoin savings plan. In this context, businesses are…
3 years ago
Ethereum 2.0 Upgrade Not to Occur By June, Says Lead Developer
Tim Beiko – a leading Ethereum development coordinator – has stated the network will not implement proof of stake by June. This contradicts Vitalik Buterin’s development timeline from January, where he claimed that it should be in place by Q2 2022. Another Delay for the Merge Delays to Ethereum 2.0 are hardly unprecedented. Developers expected the upgrade to be in place within 2 years of the project's launch in 2015. Vitalik now admits to having been dead wrong about that…
3 years ago
13 NFL Teams Partner with Crypto Fan Influencer Socios
Thirteen National Football League teams are making arrangements with blockchain company Socios to boost fan engagement. Shortly after the New England Patriots dabbled into crypto affairs, other NFL clubs took to similar pursuits. Thirteen clubs are lined up to enter a partnership deal with Socios. This includes the Los Angeles Chargers, Miami Dolphins, San Francisco 49ers, Tampa Bay Buccaneers, New York Giants, and others. In Europe, Socios has developed a reputation in sports as a fan token provider. Back in…
3 years ago
The UK Royal Mint to Start Working on NFTs
Rishi Sunak, Chancellor in the UK, has ordered the Royal Mint to create a government-backed NFT for trading. The Chancellor expects the NFTs by the Summer as the government examines new possibilities to use blockchain. What does the Government wish to achieve with this new political action? And what can the impact of the news be on the NFT and blockchain market? More Information About the Project One of the hottest topics in blockchain technology right now is the use…
3 years ago