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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Vitalik Calls Michael Saylor a “Total Clown” Over Opinion on Ethereum
Vitalik Buterin – co-founder of Ethereum – labeled MicroStrategy CEO Michael Saylor a “total clown” over Twitter on Saturday. The developer’s comment was in response to a clip of Saylor discussing Ethereum, securities laws, and the latter’s supposedly “biblical” basis. Saylor and Bitcoin Maximalists Chatting with the Not Investment Advice podcast in mid-July, Saylor spoke at length about Ethereum’s relationship with securities law. In one segment, he suggested that securities laws are rooted in biblical commandments, such as “thou shall…
3 years ago
WMA: Bitcoin Nears $24,000, Ethereum Surges Towards $2k, and Altcoins Thrive
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 $1,102 billion. Bitcoin has increased by nearly 5% this week. Ethereum gained almost 7% over the past seven days. XRP is up by nearly 8% this past week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector dropped the total value protocols (TVL) to $40.79 billion. Crypto Trends…
3 years ago
“Governments Feel Threatened by Decentralization” – Tim Draper
In a recent interview with the Economic Times India, billionaire investor Tim Draper shared his views on the future of the crypto industry and its regulatory journey. Amongst many things, the popular investor believes a decentralized currency offers more perks for society than many fiat currencies. Draper Shares Views on Crypto and Decentralization The interview initially focused mainly on India’s startup industry. Draper revealed his thoughts on the prospects of the space amidst the current economic downturn. However, he later…
3 years ago
Over 50% of Staked Ethereum Held by 4 “Centralized” Entities: Glassnode
Glassnode – a blockchain data provider – and CoinMarketCap have released their July 2022 report covering on-chain data during the bear market. On the topic of staked ETH, the report noted that a majority of the supply has concentrated in the hands of four staking providers. Highly Concentrated Staking Per the report’s data, the amount of ETH staked on Ethereum’s beacon chain through Lido alone has already swelled to 4.137 million. That’s 31.8% of all staked ETH in existence. Another…
3 years ago
Doge Users Warn Against “Scam Project” Dogechain
The Doge community has warned about scam projects claiming to have links to Dogecoin and its Dogechain.info explorer. Mired by allegations of bans and monopoly, several Doge users are raising alarms and dissociating themselves from the new Dogechain token. Alerts Across the Doge Community A project dubbed “Dogechain” emerged in crypto circles some weeks ago. Dogechain claims to supply the Doge community with offerings such as non-fungible tokens and decentralized finance. According to the creators, the project achieves this by…
3 years ago
Coldcard – An Advanced Bitcoin Hardware Wallet
There are many different types of cryptocurrency wallets available on the market today. Some wallets are software-based, while others are hardware-based. Coldcard is a Bitcoin hardware wallet that offers a high level of security for your digital currency. This review will look at the features and benefits of using Coldcard. What is Coldcard? Coldcard is a group of hardware wallets offering exclusive support for Bitcoin. It comes with specialized chips designed to securely store your seed words. All the code…
3 years ago
Archos – Managing Your Crypto Keys with a Hardware Wallet
As the world of cryptocurrency becomes increasingly popular, the need for secure wallets to store digital assets becomes more critical. While many different types of wallets are available, hardware wallets are becoming increasingly popular due to their enhanced security features. This article will look at Archos, a hardware wallet producer that offers excellent security for your cryptocurrencies. What is Archos? Archos is a French company that produces Android-based tablets, portable media players, smartphones, and storage devices. A few years ago,…
3 years ago
Cardano Vasil Hard Fork Pushed Back by Some Weeks
Citing plans for a hitch-free launch, the Cardano team shared news of yet another delay to the long-anticipated Cardano Vasil hard fork via a Youtube video yesterday. Not the First Delay The upcoming hard fork is the most significant update to the network users have seen since September 2021’s Alonzo hard fork. Input Output Global, the Cardano network’s research and development organization has tagged the Vasil hard fork a “game changer.” Reportedly, the upgrade will take Cardano’s speed and scalability…
3 years ago
Huobi Global Registers with Australia’s Financial Regulator
Leading crypto exchange Huobi Global has registered to start offering crypto exchange services in Australia. Huobi announced this bullish news via Twitter earlier today. [embed]https://twitter.com/huobiglobal/status/1552957109548904450?s=21&t=g8UYKpG1RErsZYXTQ-VYoQ[/embed] Huobi announcement comes after the Australian government said it would create a market license regime for crypto exchanges. According to Jane Hume, Australia’s Minister for Digital Economy, this regime sought to ensure Australians invest safely in crypto. At the time, Huobi Global co-founder Du Jun hinted at the exchange’s ambitions to set up shop in…
3 years ago