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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Mike Novogratz Has Kept His Luna Tattoo Despite Terra’s Collapse
Galaxy Digital CEO Mike Novogratz revealed that he hasn’t removed his LUNA tattoo following the Terra protocol’s demise and fallout. Speaking with Squawk Box on Thursday, the CEO said the tattoo makes for a “good reminder that you’re not always right.” Novogratz had a tattoo of a howling wolf with the world ‘LUNA’ above it emblazoned across his arm in January. Both LUNA and the TerraUSD stablecoin have since collapsed to worthlessness. Terra’s downfall had a contagious impact on the…
3 years ago
Reddit Kicks Off “NFT” Sales on Polygon
Reddit announced it has jumped into the NFT space with the release of a series of “collectible avatars” on the polygon blockchain network. Although the word “NFT” did not appear anywhere in Reddit’s announcement, its new collectible avatars share many similarities with non-fungible tokens. Users can Showcase Tokens as Profile Pictures According to its official release, Reddit will launch the virtual avatars in conjunction with Ethereum’s layer-2 Polygon protocol. Working with independent designers, the Reddit team pulled together a collection…
3 years ago
Decentral Bank Resolves Issue After User Mints 10 Trillion USN Tokens
The Decentral Bank team announced in a tweet that a recent issue with its smart contract has been resolved. A bug on the platform allowed a user to mint roughly 10 trillion USN tokens for only 10 USD. Swap Errors and a Refund Bug Decentral Bank unveiled the problem after a user dubbed “pavladiv. near” attempted a token swap. The user in question tried to exchange 5 of the network’s USN tokens (roughly $5) for 5 USDT tokens. The operation was…
3 years ago
Infrawatch PH Calls On Philippine Govt to Ban Binance Over Illegal Promotions
Philippine-based public think tank Infrawatch PH has asked the Department of Trade and Industry (DTI) to probe Binance over illegally promoting offers in the country. Infrawatch PH made this request through a letter, claiming that the exchange has been targeting Filipino users with unregistered offers. The letter, which the think tank’s Convenor, Terry Ridon, addressed to DTI Secretary Ramon Lopez, read: We would like to bring to your immediate attention the illegal sales promotion of Binance which presumably have been…
3 years ago
SOL Investor Accuses Solana Labs of Flouting Securities Laws
California resident Mark Young has filed a class-action lawsuit against big players in the Solana ecosystem and Multicoin Capital. Young filed the complaint in the US District Court for the Northern District of California in the past week. He claims several Solana parties illegally profited from the sale of Solana (SOL), the native token of the Solana blockchain. The filing names Solana Labs, the Solana Foundation, Solana co-founder Anatoly Yakovenko, crypto VC giant Multicoin Capital, Multicoin co-founder Kyle Samani, and…
3 years ago
Elon Musk’s Boring Company Accepting DOGE Payments for Loop Rides
The Boring Company, an Elon Musk-founded infrastructure and tunnel construction company, has embraced Dogecoin (DOGE) payments. CNN reported on July 6, noting that the firm integrated the meme coin payment option into Loop, its Las Vegas transit system. This integration symbolizes Musk’s latest support for the canine-themed meme coin. The DOGE payment option became available after the company launched a new Loop station at Resorts World. This is the first station outside the Las Vegas Convention Center, which already has…
3 years ago
ChangeX – The App that Turns Traditional Bank Customers into DeFi Participants
ChangeX is an innovative app bridging the fiat and crypto worlds to create a hybrid system of CeFi and DeFi elements. Its goal is to make it easier for everyone to access the benefits of cryptocurrencies and traditional banking from a single, user-friendly mobile point. A team of industry veterans has been building the app since late 2021. Now, the project is reaching one of its biggest milestones - the DEX Liquidity Event for its native $CHANGE token, which will…
3 years ago
CoinGecko – A Crypto Data Source for Every Coin on the Market
CoinGecko is a popular place to start if you want data on cryptocurrencies. They have various information on coins, including price data, trading volume, market capitalization, and more. Moreover, you can use their site to compare different coins on many dimensions. This comparison may help you get a better understanding of the cryptocurrency market as a whole. What exactly does CoinGecko offer? How does this portal work? We will answer these questions below. What Is CoinGecko? CoinGecko is a crypto…
3 years ago
Santiment Review – A Data Explorer for Crypto and Blockchain Systems
As the blockchain industry continues to grow, so does the importance of data analytics. With the help of data analytics, businesses can gain valuable insights into the behavior of their customers. Furthermore, these processes can help companies better understand their employees and the overall health of their operations. This review will analyze how Santiment, a popular data analytics crypto app, works. The article will focus on the product's main features, explaining how the project works in simple terms. What Is…
3 years ago