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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F1 Delta Time Shuts Down, REVV Token Dips
F1 Delta Time, an NFT-powered Formula One game, closed up some weeks ago, stripping off the utility value of its domestic NFTs. According to Coinmarketcap, its native token REVV dipped by more than 22% in the last 7 days. F1 Delta Time was a once-famous NFT game featuring tokenized race cars. The racing game which has since dwindled in popularity in the last two years seized operations sometime in March. As a result, the game’s NFT holders now have valueless…
3 years ago
EU’s New Move Targets Russian Crypto Wallets
The EU Council has decided to impose another ban on Russia, bringing the total number of sanctions against the Russian Federation to five. Its latest will tighten up previous sanctions on Russian-related wallets. As well as traditional accounts linked to Russia and Belarus. What the New Sanction Entails According to a press release issued by the EU, the current package features five items. The package focuses on coal and fossil fuels, access to EU ports, road transportation, exportation bans, as…
3 years ago
What Should We Expect from the Next Bitcoin Mid-Halving Event?
In the past, Bitcoin has followed a few predictable patterns when it has split in half. This argument seems to be true for mid-halving events, like the one taking place this month. The mid-halving event has been bad for Bitcoin in the past, and it may happen again this time. However, it's important to remember that the short-term price action of Bitcoin will still be hard to figure out. This article will remind our readers about the halving phenomenon, its…
3 years ago
Jordan Peterson: Bitcoin Could Separate Money from State
Clinical psychologist and former professor Jordan Peterson discussed Bitcoin’s societal and philosophical implications at the Bitcoin 2022 Conference on Friday. He compared the story behind the cryptocurrency to a “fairy tale”, and suggested it could separate government from monetary control. A Defence of Free Market Ideals Though Jordan Peterson’s best-selling books and online lectures cover psychology, he’s also an outspoken political voice for classical liberalism. In particular, he is famous for railing against the over-prevalence of Marxist theory within the…
3 years ago
Tesla’s Equipment Will be Used to Mine Bitcoin for Block and Blockstream
Adam Back – CEO of Blockstream – announced on Friday that his company will construct a $12 million Bitcoin mining facility. The project is a joint effort with Jack Dorsey’s Block and it will leverage renewable energy technology originating from Tesla. A Triple-Threat Bitcoin Partnership Adam Back is one of Bitcoin’s original developers, who many suspect of being Satoshi Nakamoto himself. The CEO is the man behind Hashcash, which is the basis of proof-of-work mining that secures Bitcoin today. However,…
3 years ago
Strike Partners With NCR, Shopify, Blackhawk for Nationwide Lightning Network Payments
Strike – a Bitcoin payments company and custodial wallet – has announced multiple partnerships to rapidly expand Bitcoin lightning network adoption. Together with NCR, Shopify, and Blackhawk, the company will enable massive retailers to accept Bitcoin payments. The Open and Global Monetary Standard Speaking at the Bitcoin 2022 Conference in Miami on Thursday, Strike CEO Jack Mallers was welcomed with roaring applause. The entrepreneur expected big things, after announcing Bitcoin as legal tender in El Salvador at last year’s event.…
3 years ago
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