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…
Guides
Blockchain Domains Starter Guide: What Are They and How do They Work?
Since the introduction of blockchain, technology has disrupted various sectors and industries. With blockchain having some commendable success in supply chain management, health care, and others, experts seem keen to explore other areas where innovation could come in handy. One such area is domain name registration. Although the internet has been evolving, web hosting and domain registration haven't changed for years. However, software companies now want to change the industry using blockchain domains. Blockchain domains are still a new concept. However,…
5 years ago
Understanding CoinMarketCap.com: Leading Crypto Market Cap Site
Every crypto enthusiast has heard of CoinMarketCap.com, which is the number 1 website in the cryptocurrency space. For years, the site has provided helpful information for enthusiasts and investors alike. The website tracks most of the alternative coins that have hit the market and show users the current value in dollars and Bitcoins for each currency. However, recent times have seen scandalous allegations surrounding the leading site, and many are left wondering if CoinMarketCap can still be trusted. This article…
5 years ago
Cryptocurrency Mining Pools – All You Need to Know About Them
Crypto mining is the practice through which transactions are confirmed and added to a blockchain public ledger. It has always been one of the most attractive endeavors in Bitcoin. Crypto mining entails verifying transactions, which is time-consuming and computing power-intensive calculations. Miners then get rewarded for their efforts, usually with tokens of cryptocurrency. As much as the yield from mining might vary, for some, it has a greater appeal than buying bitcoins. Technologically, mining is a process that supports the…
5 years ago
Beginner’s Guide to Blockchain Layers
The “Layers” of a Platform Say you want to build a 100-story tall building. You want it to be the tallest it can be and, at the same time, be able to support the weight all the way through. To ensure that the building is sturdy, you start with getting suitable materials, building a solid base from a few stories below the ground, stabilizing the base, and carrying on with the construction. In software and technology, the analogy holds just…
5 years ago
Could Crypto Debit Cards Help Drive Adoption?
The approval for mainstream use in cryptocurrency remains a central theme, and crypto debit cards have been adopted as a great way to bridge the gap between traditional finance and digital currencies. These cards have introduced significant transaction speed, privacy, cost, and convenience improvements. Crypto debit cards have eased the combination of cryptocurrency and fiat currency, where cardholders can make transactions and payments at restaurants, cinemas, retail outlets, and other places. In addition, when spending cryptos, you often don't require much-specialized…
5 years ago
5 News Aggregators in the Blockchain and Crypto Industry
The blockchain and crypto industry sometimes tends to move at lightning speed, and numerous news articles cover all the developments and related market information. News aggregators bring you the latest content from all your favorite news channels and blog articles in one location. They ensure quick delivery, and people do not have to miss out on any updates, guides, insights, and tips due to the overwhelming and lengthy process of tracking down the correct information across thousands of sites. Crypto aggregator…
5 years ago
Crypto Derivatives: What are Crypto Derivatives and How do They Work
In recent years, the crypto space has witnessed incredible growth into a diverse ecosystem of over 5 000 coins and tokens, with each token focusing on a particular use case built on blockchain technology. And with the diversification of the crypto ecosystem, there has been an increased launch of financial products to increase mainstream adoption. One such crypto-financial product that has gathered pace among crypto enthusiasts in recent years is cryptocurrency derivatives. A notable cryptocurrency derivative in the crypto space…
5 years ago
Differences Between the Financial Traditional System and Cryptocurrencies
Over a decade ago, the first cryptocurrency to permit secure transactions (bitcoin) changed the fintech world. It is based on cheap peer-to-peer transactions and is designed to be completely decentralized. This digital evolution was set up to eliminate the centralized model of managing finances that monopolized the industry. However, a virtual currency based on blockchain technology has remained in the speculative emerging finance growth category over the years. That means we are still heavily reliant on the traditional financial systems…
5 years ago
Bitcoin Halving Beginner’s Guide: All You Need to Know
Considered one of the most critical events in the Bitcoin community, the Bitcoin reward halving is the process by which the incentives available to miners decrease by half of what it currently is. Founder Satoshi Nakamoto implemented the Bitcoin Halving mechanism to incentivize the network and slowly distribute the 21 million currency supply. Historically, the Bitcoin reward halving has been known to be a prelude to a massive bull run. However, on 9 July 2016, the market saw a surprising turn of…
5 years ago