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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TA: Why BTC Price Will Hit 100k if ETF Futures are Approved
Bitcoin has been the subject of a great deal of scrutiny recently, as has been the entire crypto market. Analysts are looking to see the BTC price break at least the $50,000 mark. Also, they hope that it would eventually get enough momentum to hit its all-time high and make bigger plays. Considering that $50,000 is indeed in play, many have been looking towards the possibility of Bitcoin hitting $100,000. The asset is still going through a bit of a…
4 years ago
U.S. House Greenlights Crypto Provision Inclusive- Defense Bill, Awaiting the Senate’s Blessing
Earlier today, The lower house of the U.S. Congress approved the controversial national defense act that includes crypto provision policies. The fate of the bill now lies in the hands of the U.S. Senate; hence the notion that it may stand as the law remains plausible. The defense bill focuses on the U.S. military’s expenditure and includes ways to innovate the financial industry. In recent times, the U.S. government has sought several ways to adapt to the inevitable cryptocurrency mass…
4 years ago
How Pure Proof of Stake Makes Algorand Stronger
Exchange of value has never been this easy. Algorand is among the first crypto projects to integrate DeFi protocols with the traditional financial modules. The platform plans to introduce revolutionary financial products that could improve the basic economic modules in the Fintech industry. And, the Pure Proof of Stake mechanism is at the center of the project. In its very acclaimed blockchain, Algorand is a project touted to kill Ethereum. As the title suggests, the platform has numerous unrealized potentials, game-changer…
4 years ago
Bitrue Launches the Event Page for ArtVerse Token Sale
On September 23, Bitrue announced on a Twitter post the opening of the ArtVerse token sale event page on its platform. The platform is working on the final touches before the presale, set to kick off on September 27. ArtVerse’s AVT token will list on Bitrue before other exchanges, according to confirmation on its Twitter page. ArtVerse is a decentralized platform focusing its objectives on streamlining activities within the crypto art industry. It is leveraging the decentralization offered by blockchain technology to create…
4 years ago
Twitter Launches Bitcoin Tipping Service for iOS
Twitter has finally launched its tipping service. The new feature should allow fans to easily reward content creators on the platform. Also, the service allows users to receive tips in Bitcoin. Receiving Tips in Bitcoin Twitter revealed the Tip Jar feature in May, near the height of the crypto industry’s total market cap. Also, they said that it would enable users to connect their Twitter accounts to more traditional payment platforms for rewards. These included Bandcamp, Cash App, Patreon, PayPal…
4 years ago
Dubai Approves Crypto Trading to Push for Digital Currencies’ Adoption
The United Arab Emirates financial regulators have allowed crypto trading in an economic-free zone in Dubai. The Dubai World Trade Centre Authority (DWTCA) signed an agreement with UAE's SCA to support the regulation and trading of cryptocurrencies. The deal advances the UAE's commitment to becoming a crypto-friendly global hub. Allowing Crypto Trading in Dubai The latest effort creates a structure that will allow the DWTCA to provide the appropriate approvals. Also, they will get to offer licenses for financial activity…
4 years ago
Hedge Fund Trading 50 Digital Assets Makes 76% Returns in 2021
According to reliable sources, California-based Cambrian asset management reaped about a 76% profit from virtual assets from the start of 2021 through August. The $200M financial entity trades around 50 digital assets with leverage against the assets’ volatile nature. The hedge fund started treading the digital-asset fund landscape about three years ago. Over the years, it garnered specialists from big firms like Winton Capital. The firm projects to widen its scope enough to serve more crypto enthusiasts. Additional Investment Assets for Investors In…
4 years ago
Robinhood to Commence Crypto Wallets Tests Ahead of 2022 Launch
As per a recent report, Robinhood Markets announced they plan to begin testing their new crypto wallets this coming month. The company will roll out these wallets in early 2022. This way, they will allow users to move cryptos in and out of their brokerage accounts. Robinhood to Introduce New Wallet Features Robinhood, a California-based exchange company, announced on Wednesday that they would begin testing their crypto wallet in October. This wallet will allow its users to transfer funds in and out of their Robinhood…
4 years ago
The 1Inch Limit Order Protocol’s Total Trading Volume Hits $1B
In a recent tweet today, 1Inch revealed the total trading volume of its limit order protocol had reached the $1B mark. The news comes after the network announced its expansion on Ethereum Scaling Solution Arbitrum to reduce transaction costs. 1Inch Displays a Huge Growth Potential In a blog post, the co-founders at 1inch, Anton Bukov, and Sergej Kunz, announced they had deployed 1Inch's Limit Order protocol to Arbitrum. The DEX aggregator has been among the most significant networks mitigating scaling challenges.…
4 years ago