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…
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Celsius Users May Lose Their Funds Permanently, Says Economist
Even after the Celsius Network’s chapter 11 bankruptcy filing, the debacle surrounding its collapse continues to deepen. Frances Coppola, a well-known economist has asserted that the platform’s users are unlikely to recover their missing funds. Celsius a Shadow Bank? Earlier this month, the crypto lender collapsed amidst fraud allegations and liquidity problems that caused it to halt withdrawals. Later on, the network announced that it had applied for Chapter 11 bankruptcy in New York. At the time, the claim was…
3 years ago
Crypto Firms May Not Have to Comply with Some Laws – SEC Chair
In a recent discussion with Yahoo Finance, SEC Chairman Gary Gensler revealed that the US watchdog might overlook crypto firms when enforcing certain regulatory measures. Rather than subject crypto outfits to present securities laws, Gensler believes flexibility in new rules could help most crypto firms adhere to the constitution. New Market Slump Makes Regulation a Necessity Given the ongoing crypto decline and the collapse of various companies in the space, regulation is more important than ever. Some of the platforms…
3 years ago
CoinFLEX Announces Plans to Allow Limited Withdrawals
Seychelles-headquartered crypto exchange CoinFLEX is planning to start allowing users to make limited withdrawals after suspending the service last month. The exchange announced this development through a blog post on July 14. To enable limited withdrawals, CoinFlex put together a strategy that involves canceling pending withdrawals and shutting down trading temporarily. The exchange scheduled this plan for 1:00 AM ET on July 15. The exchange added: We expect this to last a few hours and will notify you once we…
3 years ago
Solster – A Solana-Based Crypto Launchpad with Multi-Chain Compatibility
Today, a new player in the blockchain space is looking to make it easier for developers to create decentralized applications. Solster is a Solana-based crypto launchpad that promises multi-chain compatibility. The platform aims to become an easy-to-use interface allowing developers to create their tokens and dapps with little difficulty. While the project is still in its early stages, it has already garnered a fair amount of attention from investors. Its team looks poised to make significant waves in the months…
3 years ago
New York Yankees Employees May Now be Paid in Bitcoin
Bitcoin and fintech company NYDIG has partnered with the New York Yankees to provide its Bitcoin Savings Plan to employees. The multi-year partnership cements NYDIG as the organization’s official Bitcoin payroll platform. According to a press release from NYDIG, the Bitcoin Savings Plan (BSP) lets employees convert a portion of their salaries into Bitcoin. Employees will not have to pay any transaction or storage fees for the service. “We’re proud to partner with our hometown team and an iconic sports…
3 years ago
GameStop’s NFT Launch Begins Well, Accrues $3.5 Million in Two Days
GameStop's new Ethereum-based NFT marketplace has managed to accrue some impressive sales within hours of launch. This is despite the current harsh crypto market and the fact that Gamestop’s marketplace is yet in beta. A Solid Beta Launch On July 13th, GameStop launched its NFT marketplace hosted on the Ethereum network. It has since seen transactions leading to a trading volume of over 3,167 ETH. This is equivalent to about $3.5 million in fiat. These reports are sourced from data…
3 years ago
Seedify – An Incubator and Launchpad for Blockchain Gaming
Seedify is the world’s first incubator and launchpad for blockchain gaming. It provides a complete ecosystem for developers to create, test, and deploy their games on the blockchain. Seedify offers a wide range of services to help developers build successful blockchain games. These include mentorship, funding, marketing support, and access to a community of passionate gamers and developers. Our review will explain the project’s main features, highlighting the reasons behind Seedify’s popularity. What Is Seedify? Seedify is a Blockchain Gaming…
3 years ago
Unilayer – A Launchpad for all Crypto Start-Ups
Unilayer is a launchpad for all crypto start-ups. The platform offers many different crypto services, from incubation and funding to marketing and legal support. But its launchpad feature is what makes it stand out from the competition. Through Unilayer's launchpad, entrepreneurs can get their crypto start-up off the ground quickly and easily. Here we will share a comprehensive description of Unilayer's launchpad feature. This post will also explain why this launchpad is a popular resource for crypto entrepreneurs. What Is…
3 years ago
BSCPad – A Project Introducing a Crypto Launchpad for the BNB Chain
Crypto Launchpads are platforms that allow startups to launch their crypto tokens. The main advantage of using a crypto launchpad is that it provides a simple and efficient way to issue tokens. Through these platforms, you may also manage your project’s token launch any time you want. Startups can use these platforms to raise funds, promote their projects, and reach a wider audience. They may also choose to use them to track their tokens' performance and monitor their networks' health.…
3 years ago