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 $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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Volt Inu ($VOLT) Lists on Hotbit, Xt and Bitmart Exchanges
Volt Inu ($VOLT) project developers are proud to announce that, following their listing on Hotbit, they have not 1 but 2 other CEX listings coming in the next few days; XT and Bitmart! To carry on their listing spree, Volt Inu will list on Singapore-based exchange Xt. Soon after, the Volt Inu listing will go live on Bitmart, a leading exchange that provides real-time trading services for top cryptocurrencies such as BTC and ETH. Stay tuned for the official announcement…
3 years ago
CULT DAO Takes Decentralization to Extreme Levels, Awakening Revolution
Cult DAO is happy to announce its launch, and has released The Cult Manifesto, bringing what it bills as, the world's first completely decentralized token. In theory CULT, like Bitcoin cannot be stopped once it has started. Cult DAO serves to fund “those contributing or building towards a decentralized future”. The exchanging and transacting of CULT will continuously replenish the treasury due to a small 0.4% collected on every transaction. As long as proposals are submitted, there will be a…
3 years ago
Tap-to-Pay: New iPhone Feature to Help With Crypto Payments
Apple has announced the rolling out of a new feature on Apple Pay called Tap to Pay. This offering could allow iPhone users to receive and make payments off several crypto platforms and exchanges with a simple tap on their device. Apple insists it would need no additional hardware other than an iPhone to make these transactions. On Tuesday, February 8, 2022, Apple publicly declared its intentions of integrating a feature that will enable merchants to accept contactless payments directly…
3 years ago
JP Morgan Says Bitcoin Could Reach $150k – If Volatility Drops
If Bitcoin became as big as gold, it would be worth $150,000, JP Morgan suggests. But not before its volatility becomes equal to that of gold. Analysts at the investment bank JP Morgan upped their theoretical value of Bitcoin based on comparison with gold. Namely, if Bitcoin's market cap reached that of all privately-held investment gold, BTC would be at $151,000. The estimate is up from the last month's $146,000. However, with Bitcoin's volatility taken into account, the numbers look…
3 years ago
TMX Group Unveils Plans to Launch Its First Crypto Futures Product
TMX Group, Canada’s largest stock market operator, is gearing up to roll out its first crypto futures product. A report unveiled this news on February 8, citing the company’s CEO, John McKenzie. Per McKenzie, TMX is in response to institutional investors’ desires to mitigate the risks of trading in crypto. Reportedly, TMX seeks to drop its new product before the end of the year. The product will go live on the Montreal Exchange. While this will be the firm’s first…
3 years ago
Russia To Recognize Crypto As “Currency”, But With Major Restrictions
While many of the most bullish crypto investors have adopted the term “digital assets,” Russia isn’t shying away from the industry’s origins. Authorities have recently agreed to recognize cryptocurrencies as “currencies straightforwardly”. That said, it will regulate these cryptos in a rigorous manner intended to weed out criminal activity in the space. Why Russia? The regulatory decision may come as a surprise to outsiders. El Salvador is the only country to recognize Bitcoin as a national “currency” to date. Even…
3 years ago
Cryptocurrency Is Entering Hyper-Adoption, According To Wells Fargo
As crypto prices show signs of recovery following a three-month downtrend, some institutions remind investors that they’re still early to the space. Among them is the international American bank Wells Fargo. In a recent report, the company argued that the crypto industry is entering a “hyper adoption phase” like the internet in the mid-1990s. Crypto VS The Internet As stated in the company’s report on Monday, the bank rejects the notion held by some investors that it's “too late” to…
3 years ago
Binance Enters a Strategic Partnership with YG Entertainment
Leading crypto exchange Binance has teamed up with YG Entertainment, a leading South Korean multinational corporation. The exchange unveiled this news through a blog post earlier today. This partnership will see YG and Binance work on an array of blockchain projects, including NFTs. According to the blog post, Binance will provide the NFT platform and technology infrastructure. On the other end, YG will supply NFT content and gaming assets. The two companies are also looking to develop Binance Smart Chain-based…
3 years ago
Ripple Gains Momentum Amidst SEC Positives
Ripple’s price has taken huge strides in the past week. Meanwhile, it bested Solana and Cardano in a fit to reclaim its spot among the top-five biggest cryptocurrencies. A notable increase in daily active addresses and positives from its ongoing case with SEC could be contributing to its pump. On Tuesday, February the 8th, 2022, XRP’s price did a significant jump of 20% within 24 hours. This move took the crypto's trading price to $0.91 at 6:29 UTC – a…
3 years ago