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…
AI Technology
BitsCrunch Raises $3.6M in Funding for NFT Analytics Tools
BitsCrunch, a multichain NFT analytics firm, has secured $3.6 million in a recent funding round. Some of the cryptosphere's most powerful investment firms have contributed to this event. So, while the project is still developing, it clearly benefits from important industry support. What is BitsCrunch? BitsCrunch combines artificial intelligence with analytics tools to determine a fair price for NFTs. Additionally, it identifies wash trading warnings and calculates whether an NFT is genuine or fake. The company operates from Germany and…
3 years ago
Can AI Out-space Cryptocurrencies in Banking Service Provision?
The banking sector is one of the biggest industries in the world. For instance, in the second quarter of 2020, the global banking industry's market cap was 5.3 trillion Euros. However, due to the regulation, scalability, and security issues, the sector can still not bank over 1.7 billion adults globally. A big reason for this lag was the reluctance of the traditional banking landscape to update their systems. Fortunately, the upsurge of fintech companies provided the competition that spurned technological advancement…
5 years ago