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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BTC Still Bearish as ETH, ADA, SOL Continue to Recover
In the past 24 hours, Bitcoin has maintained a bearish price trend, while Ethereum, Cardano, and Solana's prices continue to rise. Cardano and Solana have been making new ATH values in just the past few weeks. The crypto market also seems to be in recovery. BTC Bulls Still Uncertain BTC is still on a high low but showing signs of a continued bearish statement. Late 31st August, bitcoin was trading at $47.9k. A few hours later, it managed to even hit…
4 years ago
LCX Partners With Polkadot to Establish New DEX Aggregator
The Liechtenstein Cryptoassets Exchange (LCX) has announced the release of Fire Salamander on Polkadot, following the integration with Uniswap. The innovative Decentralized Finance (Defi) tool is a powerful Decentralized Exchange (DEX) Aggregator aiming to ease transactions within the Defi space. The next-gen DEX aggregator will use web 3.0 technology. LCX is the first known parachain candidate managed and created directly by the core team of a centralized exchange within the Polkadot ecosystem. LCX is a fast-growing blockchain company showing their…
4 years ago
Standard Chartered and Linklogis Launch Olea to Drive Sustainable Trade Finance
Standard Chartered has launched a joint initiative with Linklogis. The latter is a promising blockchain finance tech solution from China. Together, they are building Olea, a trade finance origination and distribution platform. The two firms have worked on developing the new digital trade finance platform. Furthermore, the platform leverages blockchain technology. This platform aims to give institutional investors an alternative asset class. Their plan is to lure in businesses that require supply chain financing. The platform should be operational by…
4 years ago
BTC Transfers Reach Two-year High as Solana Rallies
The Solana (SOL) price has rocketed nearly 220% over the past month. Most of it is due to investors flocking into the project, expecting considerable gains in the near term. Net investment inflows into Solana rose to $7M over the past week. The project's impressive gains come from the growing excitement around DeFi initiatives. In August alone, Solana's DeFi projects tripled in value. The value crossed the $3B mark for the first time in history. Meanwhile, the booming popularity of…
4 years ago
BTC to See Corrective Month Ahead, While Solana (SOL) Hits Lifetime High
Bitcoin benefitted from heavy selling in the US dollar market over the weekend. Bulls attempted two run-ups above the $49K level. However, BTC rallied to a $49,657 high but failed to mount a decisive attack on $50K. Since then, the momentum has waned, and the BTCUSD pair is currently consolidating gains above the $48K support. The ongoing range-bound trading comes as September approaches. Historically, it is a month that proves uninspiring for investors. According to analyst Michaël van de Poppe,…
4 years ago
The SEC Still Demands Steven Seagal Pays Crypto Fine despite Moving to Russia
Famous actor Steven Seagal is in trouble with U.S. (SEC) for failing to pay his total fine for illegally touting an ICO. The celebrity settled the cryptocurrency fraud case in February 2020. And agreed to pay disgorgement amounting to $330K. However, according to SEC lawyer Maureen Peyton King, Seagal only made one $75,000 payment. More so, he has yet to clear the rest of the fine. The Hollywood star moved to Moscow in 2016 after president Putin granted him Russian…
4 years ago
What is aelf (ELF)? – A Review of the Self-Evolving Blockchain of the Future
aelf blockchain is, by all means, one of the most interesting blockchain projects right now. It is a decentralized cloud computing platform that enables businesses to build their DApps on proprietary side chains. Besides being bulletproof safe, it is self-evolving, scalable, and lightning-fast. Above all, it incentivizes users to participate in a unique and rewarding form of governance. In this guide to aelf, we take a closer look at what may be the next breakthrough in blockchain technology. Read on…
4 years ago
Cardano Alonzo Hardfork is Still on Schedule, Says IOHK’s CEO
In his latest vlog, IOHK's CEO Charles Hoskinson announces the upcoming Alonzo hard fork is still on schedule. Meanwhile, the ADA token is rallying at $2.83, almost 12% in gains over the past week. The team behind the hard fork is already preparing for the public Alonzo testnet. IOHK is confident that the final product will go live on September 1. Alonzo Upgrade and Smart Contracts Cardano has been around since 2015. It uses proof of stake to validate transactions.…
4 years ago
Cardano Targets $3 While Bitcoin, Ethereum Set Uncertain Price Actions
Bitcoin and ETH, the two most prominent crypto assets, are currently showing slight gains. However, Cardano continues a genuine market bull run and is most likely to hit $3. Bitcoin Price Analysis Early 29th August, Bitcoin seemed to start by a positive price action as it increased past $49.6k. Bitcoin has been in a bearish-bullish situation in the past few hours, plunging $47928 and later surged to $48957. CMC caps the 24-hour price change at about a 0.5% increase. Since the…
4 years ago