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
Ethereum Successfully Deploys Merge Test on Shadow Fork
The Ethereum team has successfully developed a test for "The Merge" on a private mainnet, marking a significant step toward realizing Ethereum 2.0. Merge Testing on Shadow Fork Yesterday, Ethereum engineers launched a critical Merge test in preparation for the Ethereum network's upgrade to Ethereum 2.0. Ethereum 2.0 represents the network’s consensus switch from the current Proof of Work mechanism to Proof of Stake. According to core Ethereum developer Tim Beiko, Ethereum’s Merge Test was successfully deployed on a private…
3 years ago
SolidProof to Open Smart Contract Auto-Audit Tool for Large Scale Access
SolidProof – a German-based security company – will soon make its automatic smart contract auditing tool available for development teams everywhere. The product is meant to support the growing decentralized finance (Defi) space by addressing its all too common security threats. The Need for Security Defi is a popular application for blockchain technology that builds on the original monetary function that Bitcoin was designed for. Whereas Bitcoin was created as a form of trustless money, defi enables trustless financial services…
3 years ago
DYP to Launch “Cats and Watches Society” NFT Collection This Week
Yield farming aggregator platform Defi Yield Protocol (DYP) has announced its new NFT collection’s upcoming launch on April 13th. The collection will include prizes, features, and utilities that its creators hope will make it as big as Bored Ape Yacht Club. Cats and Watches Society The NFTs – collectively branded as the “Cats and Watches Society” (CAWS) – feature randomly generated cats with 235 different attributes. They exist on the Ethereum blockchain as ERC-721 tokens, hosted by the InterPlanetary File…
3 years ago
Mozilla Changes Crypto Donation Policy to Only Accept POS Currencies
Mozilla – the non-profit behind the Firefox browser – has revised its crypto donation policy following backlash online about the technology’s energy use. Now, it will continue to accept some cryptos, but refuse Bitcoin and other proof of work cryptocurrencies. Proof of work (POW) cryptos require electricity/ computing power for users to compete to construct a block of transactions. By contrast, proof of stake (POS) cryptocurrencies make users stake their crypto holdings for the right to create a block. This…
3 years ago
Bitcoin ATMs Seized with Cash and Drugs in Multi-Agency Operation
Working with the US department of homeland security, the Australian Police Force has arrested three men with ties to an ongoing statewide case of money laundering and drug importation using cryptocurrencies. Detainees Found With Cash and Narcotics As shown by a video released following the arrest, authorities arrested one of the 3 men, aged 34, on the fly. Using unmarked vehicles officers came up to a black car which they then searched. The video depicts the officers recovering a parcel…
3 years ago
Is Activision Planning NFT Inclusion in the Next Call of Duty Games?
There is no way to avoid NFTs if you've been on the internet recently. Some view them as the future of technology, while others regard them as potential fraud. NFTs had great success in 2021, which is probably because of their natural integration with Metaverse projects. It is not surprising that many important companies (even outside of the gaming world) have decided to invest in the Metaverse. Rumors claim that Activision may be the latest company to join this trend…
3 years ago
Elon Musk Backs Out From Joining Twitter’s Board
Tesla’s founder and CEO, Elon Musk, withdraws from joining Twitter’s board of directors. Parag Agrawal, Twitter’s CEO announced this in a tweet in the early hours of Monday, 11th April. Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here,” Agrawal tweeted. Musk was offered a seat on the board a day after he disclosed a 9.2% stake in the company, which made him Twitter’s biggest shareholder. According to…
3 years ago
Terra Make Yet Another $176 Million BTC Purchase
Terra bought yet another $176 million worth of BTCs. The foundation’s BTC stash is just short of 2 billion dollars, as it closes in on its target of $10 billion. Terraform Labs, the development firm behind Terra (LUNA), made its recent purchase over the weekend, according to a tweet by crypto researcher Pompliano. CEO Do Kwon first shared news on Wednesday that the foundation had purchased about $230 million in BTC. Barely half a week later, the foundation made yet…
3 years ago
WMA: Bitcoin Drops Below $43,000 as the Market Loses $175 Billion
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 $1,981 trillion. Bitcoin is down by roughly 8% after a disappointing week. Ethereum lost almost 7% of its value over the past seven days. XRP dropped by nearly 10% this past week. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector lost over $1.5 billion from the Total…
3 years ago