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
Bloomberg Strategist: This Is the “Defining Moment” to Buy Bitcoin
The Russian invasion of Ukraine enters its second week, and the financial markets worldwide are still reeling from the shock. Meanwhile, the crypto market has seen immense volatility, with most assets moving from green to red and back again. According to an expert analyst from Bloomberg, it's the ideal time to invest in Bitcoin. Bitcoin’s Rollercoaster Ride Last week, when news of war in Ukraine broke out, all financial markets plummeted. The crypto market did not make an exception, and…
3 years ago
Buterin Says “Ethereum Is Neutral, But I Am Not” to Putin’s Ukraine Invasion
Vitalik Buterin, the co-founder of Ethereum, spoke out against the Russian invasion of Ukraine. The Russian-Canadian crypto guru said he is "very upset" with Russia's President, Vladimir Putin, and his "special military operation." In a recent tweet, Buterin said: This is a crime against the Ukrainian and Russian people. I want to wish everyone safety and security, even though I know there won’t be. He further underlined his point of view, which is different from that of the blockchain network…
3 years ago
Ukraine cancels token airdrop; Plans to release NFTs instead
Ukraine has abandoned its plans to airdrop crypto tokens as a way of rewarding its crypto supporters. The country’s Vice Prime Minister, Mykhailo Fedorov, announced this news via Twitter earlier today. In the same breath, Fedorov disclosed that Ukraine seeks to sell non-fungible tokens (NFTs) to support its Armed Forces. Fedorov’s tweet read, After careful consideration we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the aggression. Instead, we…
3 years ago
1inch Adds P2P Feature For Crypto Swaps Between Individual Users
The Ethereum-based decentralized exchange (DEX) aggregator “1inch” has added an all-new P2P feature to its DeFi arsenal. The feature allows users to swap tokens directly with other, individual users, rather than through an aggregated exchange. Unlike traditional transactions, this lets users make trustless trades through smart contracts that ensure both users receive their desired assets. Understanding P2P Orders As explained in a press release shared with CryptoAdventure, users must find a counterparty with whom to exchange tokens before using the…
3 years ago
Binance Donates $10M To Ukraine And Launches Emergency Relief Fund
The largest cryptocurrency exchange worldwide, Binance, has donated $10 million to Ukraine in the wake of the recent Russian invasion. This contribution to the war relief in Ukraine is just one of the many initiatives coming from the crypto industry. Moreover, donations continue to pour into the country’s crypto wallets as the conflict escalates. Binance Alleviates Ukraine’s War Costs Almost all the financial markets in the world have taken a dip as soon as Russia invaded Ukraine last week. The…
3 years ago
Ukraine Now Accepting Dogecoin and Solana Donations, Says Vice PM
Ukraine is collecting every digital asset it can get to financially support its defense against the Russian invasion. Having amassed millions of dollars in crypto already, the nation’s Vice Prime Minister has announced that they are now accepting Solana and Dogecoin contributions. With this, Ukraine has opened donation addresses for 6 different cryptocurrencies, with possibly more to come. Calling All Crypto Holders In a tweet on Tuesday, Vice PM Mykhailo Fedorov gave thanks to the Solana Foundation and staking platform…
3 years ago
Bitcoin, Ether, And USDT Are Most Active in Ukraine As Cash Transactions Are Almost Dead
Ukraine is switching from fiat to crypto transactions as the Russian invasion gradually strangles the country's financial stability. While cash use declines and fiat availability drops, Ukrainians turn to BTC, Ether, and USDT to transfer assets. Furthermore, crypto donations are landing in their wallets from worldwide users as a sign of solidarity. The question is, how much will crypto influence Ukraine's resistance? Restrictions on Cash Use in Ukraine Soon after Russia invaded Ukraine, the latter’s president, Volodymyr Zelenskyy, instated the…
3 years ago
Right-Leaning Parler Launch Solana NFT Project, Hopes to Diversify its Userbase
Twitter competitor and “free speech” proponent, Parler, has just shared news of the release of a new premium marketplace. Parler hopes its forays into NFT will help to gain new audience. Parler to Attract a Pro-Crypto Crowd For the creators of the social media app, the goal is to appeal to and engage to a fresher form of audience. Parler, which has been compared often to Twitter, is suggested to be right-leaning. However, the app’s leadership is open to entertaining…
3 years ago
Hackers Targeting MetaMask Users with Novel Phishing Scam
Guardio, a young cyber security company, has detected a sophisticated chain of attacks on non-custodian wallets. Major attack methods employ social engineering techniques and renewed phishing methods to trick wallet owners. The security company's research team explained an ongoing attack on the popular crypto wallet, MetaMask. In effect, Guardio suggests several wallets have been compromised, in what is a grand-scale operation. In the cybersecurity team's opinion, the recent wave of attacks could set the tone for more vicious ones. While…
3 years ago