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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Decentralized Exchanges 2023: Which is the Best Crypto DEX to Trade on?
Market experts believe that the survival and growth of crypto largely depend on decentralization. The good news is that decentralized exchanges, or DEXs, have become highly popular, and the crypto market sees this as an opportunity to save the essence of traditional blockchain. Each decentralized exchange platform has the potential to revive and thrive crypto market. Moreover, each new DEX platform comes with its own set of features. There are several methods to use DEXs and make money. Decentralized exchange…
3 years ago
Michael Saylor Says MicroStrategy Will Never Sell Its Bitcoin
MicroStrategy remains fully committed to its macro-strategy of investing everything it can into Bitcoin. Company CEO Michael Saylor recently confirmed that the company would “never” sell its Bitcoin, even given the current state of the market. Though the asset has helped the institution profit tremendously overall, it is down on its 2021 positions. HODL Forever, Says Saylor The CEO affirmed his devotion to Bitcoin in a recent interview with Bloomberg. However, Saylor dismissed the thought when asked whether he was…
3 years ago
Crypter Network Debuts an Engage-to-Earn Reward System
Crypter Network, a Facebook-like platform combining decentralized finance (DeFi) and social media, is ready to launch its Engage-to-Earn reward system. The project allows users to earn simply by engaging with their friends and the larger community on the social network. Crypter users will get rewards for posting, liking, sharing, or commenting on content from their profile. Also, they can show off their NFTs, discuss trading tactics, and interact with crypto influencers, thought leaders, and newbie/veteran traders. Crypter only keeps track…
3 years ago
Europe Should Ban Crypto Mining, Top Regulator Says
A top European regulator called on European authorities to ban all crypto mining to reduce CO2 emissions. Vice-chair of the European Securities and Markets Authority Erik Thedéen said that crypto mining is a huge issue for Europe. In his native Sweden, Bitcoin mining has become a "national problem," he said in an interview. Mining could pose a risk for the country's climate change goals written out in the Paris Agreement. The solution? Steer the crypto industry away from the proof…
3 years ago
The SEC vs. Ripple Lawsuit Heats Up After Fair Notice Confusion
Ripple is in the spotlight again for its lengthy, ongoing cryptocurrency lawsuit with the Securities and Exchange Commission (SEC). This time, the court has ruled against a defendant claiming that the term "dealer" had no fair notice. Therefore, it would have less binding authority than the “investment contract” term. Nevertheless, attorney Hogan quickly explained that it is the Commission's fault and the burden is on them. Meanwhile, SEC has filed a letter of supplemental authority. This document should support its…
3 years ago
Bloomberg Analyst Thinks 10-20% Stock Dip Will Boost Bitcoin
Bloomberg analyst cautioned investors not to bet against the Fed, as he sees markets dropping 10-20%. However, he also sees a silver lining for Bitcoin, but not for altcoins. On Tuesday, Mike McGlone, the Senior Commodity Strategist for Bloomberg, appeared on the Wolf of All Streets podcast. There, he cautioned both stock and crypto investors against risk bets. Namely, he believes that the Federal Reserve is serious about raising interest rates. Unfortunately, that's a move that will likely hurt risk…
3 years ago
Former U.S. Treasurer Rosie Rios Says People Are Missing Out on Crypto Investments
In 2022, the crypto market boasts a $2 trillion value. Bitcoin is trading for more than $40k apiece, and blockchain penetrates almost every industry. So, is it too late to invest in crypto? According to Rosie Rios, former U.S. treasurer, and Harvard scholar, "the train has already left the station." Rios broke the "bad news" for those still hesitating to jump on the crypto wagon in a recent CNBC interview. The ex-treasurer in the Obama Administration is adamant that “blockchain…
3 years ago
Cash App Rolls Out Lightning Network For Free Bitcoin Transfers
Jack Dorsey's Block promised to be at the forefront of Bitcoin innovation. Now, they are starting to deliver. Cash App finally confirmed free and free and instant Bitcoin transfers anywhere in the world. Block (formerly Square) finally integrates the Lightning Network with its Cash App. A feature promised back in 2019 will soon be available to all U.S. users. Users will soon instantly send Bitcoin to any wallet that can accept Lightning Network payments. This includes wallets such as Chivo,…
3 years ago
Bitcoin Price News – The King Crypto Seesaws while U.S. Inflation Hits 39-Year High
Bitcoin continues to fluctuate in value between $41,000 and $43,000 at the start of the week. The most popular cryptocurrency worldwide cannot overcome the bad news and fear of shrinking most financial markets. For instance, the U.S. just recorded the highest inflation in the past four decades. Nevertheless, crypto analysts remain optimistic about Bitcoin's foreseeable future. Bitcoin’s Flat Volatility As the third week of January kicks off, the crypto market’s capitalization drops below the $2 trillion level. This downtrend affects…
3 years ago