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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The 19 Millionth Bitcoin Has Been Mined
The 19 millionth Bitcoin has officially been mined from the premiere blockchain network. That leaves only 2 million left to enter circulation. Bitcoin’s price is $46,467 at the time of writing, leaving its market cap (value of all Bitcoin combined) at $882,917,060,274. Block 730002 was mined at 16:21:29 UTC earlier today, according to mempool. It featured a reward of 6.32 Bitcoin for the winner – 6.25 of which was part of the block subsidy. The other 0.07 was from transaction…
3 years ago
Crypto Exchanges to Operate in Kazakhstan Under the AIFC
The Kazakh government has plans for the trial of a pilot project relating to exchange platforms in the Astana International Financial Center (AIFC). As a result, crypto exchanges in Kazakhstan could operate under more legal protection if the test pilot is successful. Working alongside local banks and governmental bodies these platforms will be able to offer their services beneath the AIFC. Former Kazakh President Nursultan Nazarbayev proposed the creation of the center in 2015. The idea behind this was to…
3 years ago
1inch App Launches for Android Users
Popular DEX aggregator 1inch has now launched its mobile app for Android users. People with Android phones can now swap tokens and access other DeFi functions using the app. The 1inch DEX aggregator accesses liquidity and services across a variety of centralized and decentralized crypto exchanges. It launched its wallet for IOS last April, and now brings its app to Android a year later. "1inch always aims to make its products available to new audiences," said Sergej Kunz, co-founder of…
3 years ago
Washington Signs Blockchain Work Group Bill into Law
On Wednesday, Washington state Governor Jay Inslee signed off on a new crypto-positive law. The law details plans to see blockchain technology further incorporated into the state’s financial sector. Open to New Developments The bill first appeared before the senate in 2019 when Republican Senator Sharon Brown submitted the original proposal. Supported by the WTIA, the proposal was crafted to help establish Washington as a significant leader in blockchain tech. In the past years, WTIA and Senator Sharon remain the…
3 years ago
Is Apple Pay Planning to Integrate Bitcoin? Strike CEO Leaves Clues
Apple reportedly plans to reduce its reliance on outside financial companies by building out new services in-house. Apparently, one of the developing services is related to payment processing technology. Could this technology involve the Bitcoin network? Recent behavior from Jack Mallers – CEO of Strike – hints that his company may play a role. Apple’s New Services As reported by Bloomberg, insiders say that Apple’s effort is focused on new products rather than current ones. They include everything from payment…
3 years ago
Opera Browser Integrates Solana, Polygon and Others for Users
Following the integration of some major blockchain ecosystems, active Opera users will now benefit from blockchain services and decentralized apps (dApps). Opera revealed earlier today that its Web3 browser will now support eight blockchain ecosystems. Solana, Polygon, StarkEx, and Bitcoin are among these ecosystems, as are IXO, Ronin, Nervos, and Celo. This innovation will also provide its consumers with easy access to blockchains and decentralized app solutions. The company touts Opera Crypto Browser as the world's first Web3 browser, with…
3 years ago
The Market Isn’t Ready for Bitcoin Backed Bonds, says Michael Saylor
Michael Saylor – CEO of MicroStrategy – recently expanded on his company’s newly established, Bitcoin collateralized loan with Silvergate bank. He suggested that the loan was his company’s next best option besides Bitcoin-backed bonds. However, he doesn’t believe financial markets are ready yet for such a product. The Loan vs. the Bond MicroStrategy is the largest individual holder of circulating Bitcoin in the world (with the possible exception of one mystery whale). On Friday, the company resumed its efforts to…
3 years ago
Influencers in Canada Launch Web3 Council Amidst Poor Regulation
Some of Canada’s biggest crypto advocates have founded a non-profit organization to help with crypto regulation in the country. The formation of a crypto-positive non-profit comes on the back of the government's seizure of some crypto assets donated to the protests. Web3 Council to Work with the Government Canada’s newest crypto non-profit is dubbed the Canadian Web3 Council. The term Web3 describes the next phase of the evolution of the internet. This coming stage is integrated with blockchain technology and…
3 years ago
Mastercard Joins Forces with Australian Exchange to Introduce New Payment Options
Working with Mastercard, Australia-based crypto exchange BTC Markets is providing its users with a new range of payment options. Creating a Crypto Ecosystem Post-partnership, the crypto platform will enable customers to purchase their digital assets using direct debit, prepaid, or credit cards. In the past, the exchange only supported payment via bank transfer. However, as CEO Catherine Bowler pointed out, the crypto industry is always evolving, and staying on top of developments is essential. Bowler noted that crypto users are…
3 years ago