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
NFL Player Odell Beckham JR. Will Take A 100% Bitcoin Salary
Yet another sports star has become deeply and publicly invested in the crypto game. Odell Beckham Jr. – wide receiver for the Los Angeles Rams – recently announced that he’ll be accepting his entire salary in Bitcoin. With this, he joins a host of athletes, organizations, and even mayors accepting Bitcoin as a legitimate form of payment. Beckham Goes Big On Bitcoin The athlete confirmed his new Bitcoin salary in a video statement on Twitter earlier today. “It’s the start…
4 years ago
How 3air Aims to Revolutionize Telecommunications in Africa Through Blockchain
According to the World Bank, Africa needs more than $100 billion and over 10 years to solve its connectivity issues. This is an estimate on using the traditional telecommunications, data management, and transfer systems. Unfortunately, going down that path would prevent most African countries from modernizing their telecommunications infrastructures. While the rest of the world would embrace new technologies, Africa would remain further behind. Meanwhile, the potential annual revenue, such as Nigeria’s untapped $60 billion from better broadband, would go…
4 years ago
Crypto.com Launches VIP Client Portal as CRO Token Reached Record High
Crypto exchange Crypto.com is rolling out an over-the-counter solution (OTC) for its institutional and VIP clients. Meanwhile, the exchange's native token is at its all-time highs. On Monday, the company shared a press release about the new solution for its VIP clients. The new portal will allow them to receive instant quotes for large OTC trades. Currently, traders often have to make these trades manually. The solution would let institutional investors and a few VIP retail traders buy and sell…
4 years ago
Crypto Billionaire Zhu Su ‘Abandons’ Ethereum, Backtracks Amid Backlash
Crypto billionaire Zhu Su said he had abandoned Ethereum hours before backtracking on his statements. On Sunday, the CEO of Three Arrows Capital, a Singaporean hedge fund, stated that, despite supporting Ethereum in the past, he would no longer do so in the future. He claimed that Ethereum had abandoned its users, especially newcomers to the network. https://twitter.com/zhusu/status/1462216210116853762 Su called out the founders of Ethereum specifically. He stated they are "already too rich to remember what they originally set out…
4 years ago
WMA: Bitcoin Drops Below $60,000 as the Market Takes a Dip
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 $2,654 trillion. Bitcoin is down by almost 7% after a troublesome week. Ethereum dropped by almost 4% over the past seven days. XRP dropped by almost 8% over the past seven days. Almost all altcoins have traded in the red for most of the week. The DeFi sector gained nearly $13 billion in Total…
4 years ago
Popular Crypto Betting Platform Kineko Announces Migration To Solana
Kineko, a sports betting and prediction markets protocol, is officially migrating to Solana. High gas fees and slow speed of transactions made the company behind it reconsider its presence on the Ethereum network. At times, users would have to pay hundreds of dollars per bet, which kept a lot of them out. Neither gas fees or transaction speed is an issue with Solana. Specifically, Solana's scalable model allows for much cheaper and faster transactions. Thus, the network is more effective…
4 years ago
Banks Tried to Kill Crypto and Now They Embrace It
Not so long ago, banks were skeptical and outright against the adoption of cryptocurrencies. However, the crypto market has had unprecedented growth in the last few years. Furthermore, it addressed the misconceptions concerning digital currencies. In 2021, it shouldn’t come as a surprise that the tables have turned. Now, banks see the crypto space in a new light. However, only recently, New York regulators wanted to gain more control over Bitcoin. Fortunately, the Wall Street executives managed to influence banks…
4 years ago
Stock Investors Choose to Invest More in Crypto Now
Like stocks, investing in crypto allows you to earn a high ROI. However, whether it’s a stock market investment or a crypto investment, a formula to win over the market does not exist. Nevertheless, the crypto market has started to attract all kinds of investors. A thorough understanding of the crypto market has helped many investors earn incredibly high returns. In 2021, the crypto investment makes perfect sense. On top of significant gains, crypto investment offers valuable exposure to investors…
4 years ago
Moscow Confirms a Major Arrest of Russian-based Crypto Entrepreneur and Founder in Amsterdam
In the Netherlands, law enforcement agencies have arrested a Russian crypto entrepreneur. Allegedly, the individual takes part in two established cryptocurrency exchange platforms. Upon U.S. law enforcement’s request, the apprehension came into effect. The arrest of the Russian cryptocurrency exchange founder became major crypto news in no time. Denis Dubnikov co-founded crypto exchange platforms Eggchange and Cayote Crypto. After the arrest on November 1 in Amsterdam, the Russian Foreign Affairs Ministry decided to confirm the news. Meanwhile, the report was…
4 years ago