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…
Adoption
Azuro and Chiliz Working Together to Boost Adoption of Onchain Sport Prediction Markets
[PRESS RELEASE – Lisbon, Portugal, May 9th, 2024] Azuro, the leading liquidity layer for onchain predictions, and Chiliz, the world’s premier sports and entertainment blockchain, are partnering up to accelerate the adoption of onchain sport prediction markets. These efforts will allow millions of fans worldwide to further support and cheer for their favorite teams and athletes through fair and transparent prediction apps. Chiliz Chain is renowned for its blockchain solutions that transform fan engagement in sports through features like fan…
1 year ago
BREAKING: Vodafone to Embed Bitcoin, Ripple (XRP), and Other Wallets in SIM Cards to Drive Adoption in Africa
Vodafone intends to utilize SIM card technology for blockchain-based digital wallets on mobile devices through Pairpoint. The British-based telecommunication company is available globally through its subsidiaries, thus promising to expedite the mass crypto adoption. Top-tier multinational telecommunications company Vodafone Group Plc., which predominantly operates in Europe, Asia, Oceania, and Africa, is ostensibly advancing its SIM technology via the use of blockchain to help users manage crypto assets. According to Vodafone’s Pairpoint Chief Product Officer (CFO), David Palmer, in a recent…
1 year ago
IOTA Surges Ahead in Government Adoption: Showcases RWAs at UAE Ministry Event
IOTA will be among the official strategic partners of the AIM Congress, the Middle East’s largest investment conference, which will be held in Abu Dhabi next week. The tokenisation of real-world assets will take centre stage, with Dominik Schiener expected to present the IOTA Foundation’s Tokenization Framework as an industry leader. The Middle East has become one of the world’s leading investment destinations, with the region diversifying from its traditional oil business into venture capital, emerging tech such as AI…
1 year ago
Massive Bitcoin Adoption News: Mercado Libre, Latin America’s Largest E-Commerce Platform, Holds $29,000,000 of BTC – Can Price Hit $70,000?
Mercado Libre, a major player in Latin America, now holds a significant Bitcoin asset, which could influence regional cryptocurrency trends. With Bitcoin’s current momentum and integration into traditional asset management, the speculation about reaching a $70,000 price point intensifies. Mercado Libre, often referred to as the Amazon of Latin America, has strategically positioned itself in the cryptocurrency landscape by holding $29 million in Bitcoin. This significant investment not only demonstrates Mercado Libre’s belief in the potential of Bitcoin but also…
1 year ago
RippleX Enhances XRP Adoption: New Feature Signals Crucial Boost for Crypto
RippleX improves XRP Ledger with sponsored transaction fees, making transactions simpler and more accessible for users and platforms alike. Users can now delegate transaction management while retaining control over their accounts, streamlining the process and reducing barriers to entry. RippleX, Ripple’s development arm, has introduced a significant enhancement to the XRP Ledger (XRPL) aimed at increasing adoption and usability. Senior Software Engineer at RippleX Mayukha Vadari revealed the release of a new specification, XLS-68d, designed to simplify transaction processes. Just…
1 year ago
Africa Embraces BTC: Kenyan Government Welcomes Bitcoin Miner to Lead Adoption Efforts
Kenya’s government has invited Marathon Digital Holdings to discuss its energy needs and set up operations in the country, as per local reports. Despite the central bank’s efforts to discourage crypto investment, Kenya is one of Africa’s leading crypto markets and has regularly ranked first globally for peer-to-peer trading. Africa has continued to embrace cryptocurrencies, with several countries in the region defying Western approaches and adopting Bitcoin. The latest to push for adoption is Kenya, with the East African country…
1 year ago
Ripple’s CBDC Strategy: How Central Bank Digital Currencies Offer Ripple’s Best Shot at Mass Adoption
CBDCs Leverages the XRP Ledger technology, it offers governments a comprehensive solution for deploying and managing secure digital currencies. CBDCs offer governments improved monetary policy effectiveness, enhanced transaction speed, and greater transparency in financial flows. Ripple’s Central Bank Digital Currency (CBDC) platform is a leader in efficiency and scalability in the digital currency landscape. Leveraging the XRP Ledger technology, it offers governments a comprehensive solution for deploying and managing secure digital currencies. With transaction speeds measured in seconds and costs…
1 year ago
SKALE Network Solves Scalability, Q1 Adoption Soars On Gas-Less Blockchain
San Francisco, CA, United States, April 23rd, 2024, Chainwire SKALE, having surpassed 300 million total transactions in January and maintaining over 30 million transactions monthly, offers projects a platform free from the usual impediments found on other blockchain networks, such as minting fees or gas costs. SKALE Network, a gas-less EVM-compatible blockchain designed for secure Ethereum scaling, attained groundbreaking gas savings, unique wallet activations, and transaction processing achievements during the first quarter of 2024. With notable performances, strategic partnerships, and…
1 year ago
Financial Consultant Predicts Institutional Adoption for XRP; Cardano and a New Gaming Token Poised for Big Price Surge
The post Financial Consultant Predicts Institutional Adoption for XRP; Cardano and a New Gaming Token Poised for Big Price Surge appeared first on Coinpedia Fintech News TLDR: Vandell Aljarrah, a financial consultant, has predicted that institutional demand will boost the value of XRP when it starts. Trend Rider has drawn out a pathway for Cardano to peak above $3. NuggetRush is a new gaming token that is poised to hit $1 as its adoption increases. While Ripple (XRP) has struggled…
1 year ago