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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Fantom Maker Announces the Closing of Its $1.8m Private Rounds Led by Dao Maker and Halvings Capital
Fantom Maker, the pioneer launchpad on the Fantom Opera blockchain, has successfully closed $1.8 million in a seed round led by Dao Maker, a leading incubator for startups, and Halvings Capital. Other notable investors in Fantom Maker are Maven Capital, Octopus Capital, ZBS Capital, and Icetea Labs. And various individuals with strong successful backgrounds in the world of crypto and traditional finance such as Hatu Sheikh, Anurag Rao, Ravi Chiruvolu, Sergey Kosenko and more. About Fantom Maker Fantom Maker is…
3 years ago
AidiVerse Presents Decentralized Solutions Integrated With Blockchain Gaming and NFTs
Aidi Finance, an ecosystem of digital currency assets and utilities, has developed a new network dubbed AidiVerse. AidiVerse brings together complete decentralized finance solutions and integrates them with blockchain gaming and NFTs. Aidi Finance was founded on the belief that controlling your money, data, and identity is a fundamental human right. According to the company, decentralization is the key to empowering people in protecting their rights worldwide. AidiVerse is parked with utilities to enhance the benefits to each member: AidiSwap…
3 years ago
BTC Rally Burns Shorts – Indicators Signal Bottom
Bitcoin recovered slightly over the last 24 hours, hovering above the $42,000 mark. Crypto market cap edged back above $2 trillion on BTC recovery. The largest crypto rose 1.5% in the last 24 hours. Moreover, altcoins posted even more significant gains. The most prominent innovative contract network crypto Ethereum rose by 4% to $3,250. On the other hand, the Binance coin rose by 3% to $465, and Solana rose by almost 5% to $143. Cardano, Avalanche and Polkadot posted even…
3 years ago
Bitcoin Is Not An Inflation Hedge, According To Mark Cuban
On Monday, Dallas Mavericks owner Mark Cuban and prominent Bitcoiner Preston Pysh were at it again over Twitter. Amid their argument, Cuban asserted that Bitcoin was not and would never be an inflation hedge. Instead, like his Shark Tank co-star Kevin O’Leary, Cuban is primarily interested in a range of other altcoins, including Doge. The Argument The spat began with Cuban wishing that spambots advertising various crypto projects on Twitter would disappear. But, unfortunately, such spam is rampant in crypto…
3 years ago
Just 5% of JP Morgan’s Clients Think Bitcoin Hits $100k This Year
Perhaps unsurprisingly, the traditional finance world doesn’t appear nearly as bullish on Bitcoin as the crypto community. According to a poll from JP Morgan, only 5% of their clients envision the asset reaching $100 000 by the end of the year. That said, most expect it to recover from its current slump and grow at least 50% within 12 months. Wall Street’s Bitcoin Bets As reported by BNN Bloomberg, JP Morgan’s survey results show a healthy mix of bears and…
3 years ago
Sneaky New Scam Robs Crypto Startups Of $300k+ Using Bitcoin
Small crypto startups are being duped for hundreds of thousands of dollars worth of Bitcoin by figures posing as VCs. Victims reportedly include RematicEGC (RMTX), Taboo token (TABOO), and InstantXRP (INSTANT XRP) – all of which recently suffered massive price dumps. Rematic Gets Robbed Mike Pazuki – CEO of RMTX – recently spoke with CryptoAdventure to share details regarding the scam. He recalled being contacted by two individuals through LinkedIn that claimed to be investors. They both expressed initial interest…
3 years ago
Two Golden State Warrior Players To Receive A Bitcoin Salary
Paying no mind to the crypto market’s bearish slump, the sports world is doubling down on its faith in digital, sound money. Klay Thompson and Andre Iguodala – players for the Golden State Warriors – are the latest athletes to accept a Bitcoin salary. Coincidentally, the NFL’s Saquon Barkley released a Twitter thread the following day explaining what Bitcoin means to athletes like themselves. The Future of Money Iguodala announced his new Bitcoin salary on Sunday, as part of a…
3 years ago
US Congressional Candidates Sell NFTs To Finance Campaigns
Celebrities and athletes aren’t the only ones aping into the NFT game. Digital assets are now part of political strategy. Two US congressional candidates have taken to selling NFTs to raise funds for their midterm election campaigns. The campaigners using this strategy cross party lines, though positive attitudes towards crypto among current congresspeople do not. Selling NFTs Like MAGA Hats As reported by Bloomberg, the strategy is currently being used by California Democrat Shrina Kurani, and Arizona Republican Blake Masters.…
3 years ago
Bill Miller: Bitcoin Is 50% Of My Portfolio
It looks like Michael Saylor isn’t the only billionaire to make Bitcoin his premier asset holding. Bill Miller – top investor and former chairman of Legg Mason Capital Management – recently revealed that Bitcoin comprises half of his portfolio. He recommended that other investors become at least 1% allocated to the asset, calling it “insurance against financial catastrophe.” Miller’s Growing Bitcoin Position Miller revealed his Bitcoin position in an interview with Wealthtrack on Friday. In explaining his lack of diversification,…
3 years ago