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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Chiliz.net – A Beginner’s Guide to CHZ Project and Token
Chiliz.net has been gaining increasing popularity thanks to its sport tokenization idea. Blockchain technology has quickly overgrown its early stage of an exclusively token-oriented framework. As a result, this technology has invaded many businesses in the modern era, creating a new economic trend. In this guide to Chiliz.net, we summarize the essential details about its blockchain network. What is Chiliz.net? Chiliz.net claims to be "the leading tokenized sports and entertainment exchange." In this regard, its popularity in the field appears…
4 years ago
Flow.com (FLOW) – A Beginner’s Guide
Flow.com is a popular blockchain-based portal aiming to revolutionize the gaming and app business. Blockchain technology is changing the way we work and impressively enjoy ourselves, and Flow.com is an excellent example of this trend. Moreover, everything can be tokenized nowadays. So, the value of digital assets in our economy is steadily growing. In this guide to Flow.com, we sum up all the unique features of this blockchain network. Read on if you wish to know more about it! What…
4 years ago
Bitcoin Processes More Volume Than PayPal In 2021
Bitcoin has grown into a viral payment method, and info from BlockData proves it. The blockchain analysis firm recently stated that Bitcoin had supported 65% greater transaction volume than PayPal this year. This shows that Bitcoin is increasingly popular as a payment method and not just a store of value. Bitcoin Versus Paypal 2021 On Monday, Blockdata released a detailed analysis of how it will adopt the Bitcoin network for payments over time. While examining some current numbers, the firm…
4 years ago
Stripe Shows Consideration For Supporting Crypto Payments Again
The success of Bitcoin’s lightning network may bring one noteworthy payment process back into the asset. Stripe – a financial services and software company – recently stated that it could begin supporting Bitcoin payments again. This comes after Stripe ended support for the cryptocurrency in 2018 due to slow transaction speeds. Could Stripe Return to Bitcoin? John Collison – Co-Founder of Stripe – expressed re-consideration for Bitcoin to CNBC on Tuesday. He recognized that the asset class means different things…
4 years ago
Bitcoin Drops as Much as 15% in India After Proposed Crypto Ban
Panic selling in India caused crypto prices to crash as the country's parliament introduced a bill to ban crypto. Bitcoin tumbled 14.8% on the Indian WazirX crypto exchange two hours after the announcement. Other cryptos posted losses in the double digits as well. For instance, Ethereum dropped 15%, and the stablecoin Tether dropped almost 18%. At one point, Bitcoin was trading at a 15% discount in India, compared to other exchanges. However, this spread has since dropped first to 3%…
4 years ago
Elon Musk Confronts Binance’s “Shady” Behavior Over Doge Withdrawals
Elon Musk is not happy with how Binance is running its operations today. He targeted Binance CEO Changpeng “CZ” Zhao on the exchange’s handling of recent Dogecoin withdrawal troubles, suspecting “shady” behavior. Not backing down, CZ fired back with his own criticism of faulty Tesla vehicles. Elon Musk Versus Changepeng Zhao The executive feud began with Elon Musk tagging CZ in a Twitter comment earlier today. The comment was left on a CoinDesk tweet quoting the CEO, saying he wanted…
4 years ago
Ripple Making Good Progress In Case With SEC, According To CEO
Following months of ongoing battles and legal pressure, Ripple is finally making some progress in its lawsuit with the SEC. CEO Brad Garlinghouse said he expects the case to finally end next year. Lawsuit Update From Brad Garlinghouse Brad Garlinghouse – CEO of Ripple – elaborated on the lawsuit’s latest development in an interview with CNBC on Monday. The lawsuit began in December of 2020, with the SEC accusing Ripple of selling $1.3 billion worth of XRP in an unregistered…
4 years ago
Ripple CEO Calls DOGE Inflationary – While Ripple’s Inflation May Have Reached 20%
Ripple CEO took a shot at a competing crypto - the famous meme coin DOGE. He said he wouldn't hold it due to its inflationary nature. However, one research firm showed that Ripple's inflation rate reached 20% last year. Brad Garlinghouse, the CEO of Ripple Labs, took a shot at Dogecoin due to its alleged inflationary nature. "I am not convinced, somewhat controversially, I guess, that dogecoin is good for the crypto market," he said. DOGE is the giant meme…
4 years ago
Could Bitcoin Reach $250,000? Hedge Fund Manager Says Yes, Calls it ‘Digital Gold’
Hedge fund manager Mark Yusko is not concerned with the recent Bitcoin dip. The oldest and most significant crypto dropped to $56,000, 16% below the all-time high of $68,000. Despite that, Yusko thinks that Bitcoin is still on its way to reaching $250,000. Mark Yusko, CEO of hedge fund Morgan Creek, explained why he thinks Bitcoin could reach a per-coin price of $250,000. He did not pull that number out of the air, said the hedge fund manager and Bitcoin…
4 years ago