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
Francis Ngannou: Bitcoin Could Be the “Future of Finance” in Africa
Francis Ngannou – the current Heavyweight Champion of the UFC – recently discussed Bitcoin adoption in Africa with Max Keiser. He said that Bitcoin could become the “future of finance” for the continent, by helping Africans escape monetary control from France. Taking Back Monetary Control The MMA fighter covered the topic on stage this Thursday at the Bitcoin 2022 conference. He explained why economic trade is so difficult there, due to France backing up the currency of 14 African countries.…
3 years ago
PayMaya, Philippines-based Top Payment App, Launches Crypto Feature
Popular Philippines-based payment platform, PayMaya recently announced a new crypto feature on its app. This feature would allow app users to trade digital assets with the app. PayMaya is using this feature to pave the way for newbies who want to enter the market. Rolling out this feature will enable PayMaya to simplify crypto activities for Filipinos. As a result, Filipinos would be able to use cryptocurrencies without needing crypto exchanges. This way, they escape the KYC hurdles that come…
3 years ago
Meet 2022’s Top Crypto Billionaires
The crypto and blockchain space has seen a record rise in its valuation over the past year. As a result, its rising traction reflects in the growing fortunes of crypto investors from various spheres of the industry. From the NFT market to exchanges and various others, crypto influencers continue to make it to the world’s richest list. While some names make new entries in 2022, familiar names like Binance’s CZ are even further up the list. At present, the exchange’s…
3 years ago
2022 Paris Blockchain Week Summit Begins on April 13th
A physical meet-up event can sound rare in a world where online communities are moving an impressive amount of money. The Paris Blockchain Week Summit (PBWS) will kick off on April 13th, among other crypto-related events in the city. The event will begin at Palais Brogniart, the former headquarters of the French Stock Exchange. The summit’s organizer wish to bring together a long list of well-known names in the industry, investors, and blockchain enthusiasts. An Exclusive Event for Crypto Enthusiasts…
3 years ago
World’s Richest Non-Exchange Wallet Acquires 3,241 Bitcoins in 24 Hours
After weeks of liquidating over $336 million of its Bitcoin holdings, the third richest crypto wallet is back on the market. The non-exchange wallet, whose value only comes behind the wallets controlled by Binance and Bitfinex, acquired 3,241 Bitcoins on April 5th. Valued at around $145 million, the acquisition happened in two phases. The mystery whale initially purchased 289 Bitcoins, before making an additional purchase of 2,952 Bitcoins. This purchase comes after major sell-offs from the wallet in recent weeks. …
3 years ago
MicroStrategy, Led by Michael Saylor, Buys 4,167 BTC
In a recent SEC filing, MicroStrategy stated that it purchased over 4,000 Bitcoin ($BTC) between February 15 and April 4th for $190.5 million. The company used its subsidiary, MacroStrategy LLC, to buy this impressive amount of cryptocurrencies. What does this decision imply for the company led by Michael Saylor? And what should we expect from the future? A Quick Introduction to MicroStrategy and Michael Saylor As a provider of business intelligence (BI), mobile software, and cloud-based services, MicroStrategy Incorporated first…
3 years ago
US Policymakers Introduce Measure to “Mitigate Dangers” from El Salvador’s Bitcoin Law
As many know, El Salvador was the first country to recognize Bitcoin as legal tender in the country’s territory. National President Nayib Bukele is among those who believe that the policy that went into force in 2021 was historic. While crypto enthusiasts have continuously shown their support for this choice, not everyone was happy with these developments. In the latter category, we should mention some of the policymakers in the United States. The "Accountability for Cryptocurrency in El Salvador (ACES…
3 years ago
Kevin O’Leary Explains Why Bitcoin Mining Will “Save the World”
Kevin O’Leary – a Canadian entrepreneur and TV personality – explained why crypto mining will “save the world” at Bitcoin 2022. Despite regulatory concerns about Bitcoin’s carbon footprint, the Shark Tank star argues that the network is “good for the earth”. The Right Incentives O’Leary’s keynote speech covered the importance of regulation for crypto, and how it will impact the industry’s growth. He described the SEC as a “minefield” in crypto policy, due to a recent memorandum the commission put…
3 years ago
El Salvador President Cancels Appearance At Bitcoin 2022
Nayib Bukele – President of El Salvador – has canceled his scheduled appearance at the Bitcoin 2022 Conference in Miami. That means he won’t be delivering a keynote speech originally slated for Thursday. Many were expecting the President’s appearance, considering his debut as a Bitcoin figurehead at last year’s conference. At the time, he had revealed his decision to make Bitcoin legal tender in El Salvador through a video presentation. However, he issued a letter to the conference today saying…
3 years ago