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…
Featured on homepage
Coinbase – Ethereum May Confirm Its Primacy in the Smart Contracts World
It may be too early to call the Ethereum (ETH) project dead. However, an analysis recently shared by Coinbase experts brings exciting information on the subject. Although the new solutions appear valid, it is not confident that they can become “Ethereum Killers”. This article analyzes the main aspects of the analysis by evaluating the consequences for the market. The Coinbase analysis The primary reason the alternatives to Ethereum succeeded is straightforward: ETH suffers from high network congestion. To reduce the…
3 years ago
Putin Believes Russia Could Benefit From Bitcoin Mining
Vladimir Putin isn’t as hawkish on cryptocurrencies as his nation’s Central Bank authorities. The Russian president recently stated that Bitcoin mining could be “advantageous” to Russia, casting doubt on any ban-like approaches to the sector. Internal Division Putin aired his thoughts on the matter in a government meeting on Wednesday. He began the discussion by addressing the regulation of cryptocurrencies, which he called an “issue in the spotlight”. “We have certain competitive advantages here, especially in the so-called mining,” he…
3 years ago
Trump Family Threatens Legal Action Against TrumpCoin
After discovering TrumpCoin five years after its launch, Eric Trump blasted it on Twitter. So now, devs are reaching out to the family. The developers of the meme coin that appeared in 2016 are trying to sort things out with the Trump dynasty. Creators of TrumpCoin claim to contact Eric Trump after he threatened legal action. Yesterday, Eric Trump tweeted about our amazing cryptocurrency project. We are currently in direct communication with him and using this opportunity to bring clarity…
3 years ago
The Complicated Launch of New Cardano-Based DEX SundaeSwap
After a long wait, many Cardano blockchain supporters saw SundaeSwap launch on the market a few days ago. This decentralized exchange (DEX) is the first experiment on the entire Cardano network. However, as we will see in this article, SundaeSwap has disappointed the first expectations of the market. Therefore, this article will analyze the SundaeSwap initiative and its initial problems that made traders nervous. Beyond these complaints, we will look beyond this initial DEX stop. In particular, we will propose…
3 years ago
China – Investors Think It Is Almost Time to Buy Bitcoin
It took Bitcoin price around three months to fall by 50%, and investors wonder how low it can go. While this is not the most profound decline in BTC price, it certainly caught the market attention. As experts discuss the reasons behind the fall, traders are proposing a more practical approach. Today, in particular, we will take a look at the opinion of Chinese investors on the matter. As a first step, we will briefly analyze the recent price decline…
3 years ago
MyCointainer Raises $6 Million in Seed Round to Develop Its Yield Earning Platform
MyCointainer, a platform for easy staking, announced it has raised $6 million in a Seed Round. The event was led by Mapleblock and co-led by Shima Capital & Bybit - one of the dominant cryptocurrency exchanges worldwide. Numerous high-profile angel investors also participated in the round. Among them are entities with rich portfolios comprising some of the most renowned industry brands like CoinList, Circle, and Polygon. ConsenSys, Near, 1inch, Algorand, Polkadot, dY/dX, Casper Labs, Mina, Ankr, and Enjin are also…
3 years ago
Bukele Mocks IMF’s Request To Remove Bitcoin As Legal Tender
The International Monetary Fund (IMF) has re-stated its disapproval of El Salvador’s Bitcoin Law. President Nayib Bukele responded with mockery over social media – as with all of his nation's critics. Even Edward Snowden called out the institution. IMF Wags its Finger on Bitcoin The institution made its grievances public in a statement from its website on Tuesday. Though it recognized El Salvador’s economic solid recovery after the pandemic, it doesn’t think the Bitcoin law is helping: “The adoption of…
3 years ago
MyCointainer Raising Over $6M In Seed A Funding Round
MyCointainer, a cryptocurrency staking platform, recently raised more than $6 million in a Seed A funding round. The Polish startup will use these funds to help develop and expand its yield earning platform to Asian, European, and Middle Eastern countries. What Is MyCointainer? MyCointainer’s funding round includes top names within the crypto industry, including Maple Block, Shima Capital, and ByBit exchange. Each of these organizations has a history investing in some of the most successful names in crypto, including 1Inch,…
3 years ago
Turkey – the Lira Crisis Is Leading to a Bitcoin Boom
The Turkish lira crisis is leading many investors to look with interest to the world of cryptocurrencies. The data shows how the increase in people who convert the Turkish currency into Bitcoin (BTC) has never been higher. This article will provide more details regarding what is happening in the Turkish currency market. After this premise, it will be easier for readers to understand the success of BTC in the country. The Lira crisis – A sad tale of high inflation…
3 years ago