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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Coinbase is Willing to List a Potential Ethereum POW Fork
Coinbase – America’s largest cryptocurrency exchange – has updated its statement detailing its approach to Ethereum’s upcoming Merge. The firm has now clarified that it's willing to list a possible forked version of ETH at the exchange. The statement, uploaded last week, was revised on Thursday to reflect Coinbase’s commitment to creating a “level playing field” for all assets. Should an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other…
3 years ago
More Pain Ahead? Bitcoin Miner Balances Return to Negative
Baro Virtual – an analyst from the blockchain analytics platform CryptoQuant – suggested that Bitcoin miners may be signaling another Bitcoin pullback. Data shows that Bitcoin miners have been reducing their Bitcoin positions since August 8th. As BaroVirtual pointed out, this has put their net balance back in the negative zone. In the short-term, he believes this is “not good.” “You may notice that in previous times when miners' balance was reduced, BTC tended to decline to free fall or…
3 years ago
Over 50% of all BTC Trades on Exchanges are False: Forbes Report
A recent Forbes study of 157 crypto exchange platforms claims over half of all operations involving king crypto BTC are fake. Wash Trading One of Bitcoin’s Worst Criticisms Since the inception of the crypto space, Bitcoin has retained its position as the world’s leading digital asset. With a market cap nearing $400B the token comprises a noteworthy ~40% of the $1T global market cap of all cryptocurrencies. BTC has begun to experience rising levels of institutional adoption. With more than…
3 years ago
Binance Will Close Operations for ETH and ERC-20 Tokens Over the Merge
Major crypto exchange Binance will halt operations involving Ether (ETH) and ERC-20 tokens during the Ethereum network’s forthcoming upgrades, according to an official release. Binance cited the possibility of a hard fork and explained that the move is to ensure the safety of user funds in such a scenario. Binance to Close Withdrawals and Deposits to Protect Customers Ethereum is set to carry out its transition to the proof-of-stake Beacon chain in September. This event, dubbed the Merge, has seen…
3 years ago
Hami Network – The Next Level Launchpad for Investors and Project Owners
Hami Network, an all-in-one cryptocurrency platform, revealed its new investor-friendly launchpad helping projects gain more traction from their first day in the cryptosphere. Additionally, the project started the Seeding Round A for its HAMI token on August 19, ending on September 8. Investors can board the initiative or join the Seeding Round B on PinkSale from September 1 to September 14. This short Hami Network review looks closely at the project's new launchpad and features. Read on to learn more…
3 years ago
Ethereum Whales’ Holdings Drop as Merge Approaches
Whale movements and analysts suggest that ETH could dip during and after the Merge While excitement builds towards the Ethereum Merge date which is less than a month away, market anticipation hasn’t been convincingly positive. As a matter of fact, according to recent data, sellers might be pining for the Merge rather than stacking up. Whale Movements Suggest Possible Drop in Ether Price According to data from blockchain analytics Santiment, previous bullish build-up prior to the Merge appears to…
3 years ago
Bitcoin is Maturing Towards Global Collateral: Bloomberg Intelligence
Mike McGlone – Senior Commodity Strategist at Bloomberg Intelligence – recently suggested that Bitcoin is on its way to becoming “global collateral.” He called the primary cryptocurrency a possible “leading indicator” for risk assets, which may be at risk given the crypto market’s latest decline. Signs of Maturity? As McGlone tweeted on Wednesday, most risk assets are struggling in the second half of 2022. Their headwinds primarily stem from the Federal Reserve's “sledgehammer” of rising interest rates, which “may form…
3 years ago
BC.Game – A Complete Casino and Sportsbook Experience
BC.Game is a crypto casino offering the widest variety of crypto deposits and withdrawals. The website features over 6,000 games, including BC Originals and house games. Most importantly, it operates as a casino and a sports book allowing users to play with crypto and fiat currencies. This BC.Game review dives deep into one of the most popular cryptocurrency casinos. Read more about its features, games, supported currencies, and payment methods! BC.Game in a Nutshell BC.Game launched in 2017 as a…
3 years ago
Coinbase Is Shifting its Revenue Model Away From Trading Fees
Coinbase – the largest cryptocurrency exchange in the United States – plans to make trading fee revenue less central to its business. Instead, company CEO Brian Armstrong said he’d like to see over 50% of its revenue generated from subscriptions and services. Coinbase’s Long-Term Plans In an interview with CNBC, Armstrong said that subscriptions and services account for 18% of Coinbase’s current revenue. He predicts that share will grow over many years, making the exchange’s performance more predictable in the…
3 years ago