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…
Bitcoin
Venezuela Government Adopts Crypto Payments To Mitigate US Sanctions
Venezuela has increased measures to utilize cryptocurrency payments for cross border payments as it looks to reduce the effect of U.S sanctions. This renewed effort is driven by the new anti-social law introduced by Venezuelan President Nicolas Maduro in September. The anti-sanction law gives the executive power to authorize the creation and implementation of any financial mechanism. This has been put into effect with the South American nation paying allied countries like Iran and Turkey in Bitcoin. Maduro is also…
5 years ago
Understanding The Underlying Economics of Bitcoin
Out of the existing 22000+ cryptocurrencies, Bitcoin is the dominant coin in the market. The peer-to-peer digital currency was the first crypto coin introduced in 2008 and has grown to be the most profitable virtual currency today. Despite the rush to invest and earn some Bitcoin (BTC), most users still don't understand bitcoin basics. Perhaps users may not find it important as they are on board for profits, but with fewer insights, chances are you might make the wrong decisions…
5 years ago
Why Satoshi Nakamoto Chose C++ to Program Bitcoin
Bitcoin was launched in 2009 as a digital currency and a decentralized peer to peer platform, giving control to everyone over their funds. Satoshi Nakamoto introduced this platform, and it has since then grown in use, attaining a market capitalization of over 353 billion USD. As an investment prospect, bitcoin has a volatile nature and has made fortunes for people ready to take risks. Some financial experts even argue that one bitcoin's price could go above 400 thousand USD in…
5 years ago
Exchanges to Instantly Buy Bitcoin and Altcoins with Credit or Debit Card
It's without a doubt that Bitcoin has gone mainstream. However, the biggest bottleneck in obtaining Bitcoin and other altcoins has always been purchasing either instantly. Most crypto exchanges accept other payment methods except for debit and credit cards. Nevertheless, the increasing demand for bitcoin transactions has sparked an evolution in many platforms to facilitate settlements through FIAT currency. These platforms include various payment methods as per a user's convenience, though not all accept credit cards for buying bitcoins. Here is…
5 years ago
Bitcoin Price Rallies above $19,000 As Investors Target $20k
Bitcoin embarked on a rally in the last 24 hours after facing a correction and dipping below a key support level. Over the past week, Bitcoin has failed multiple times to surpass the $19,500 resistance level as it looks to make the next push in the bullish run. Most buyers have been waiting for the leading coin to make a breakout rally, but it has largely followed swing trading. Sellers have taken advantage of this and made significant profits, which…
5 years ago
The Best Digital Assets to Swap to When Withdrawing Funds
To many crypto enthusiasts, Bitcoin (BTC) and Ethereum (ETH) are the currencies of choice when trading. Among other aspects, their wider acceptability makes them convenient means of trading. So it is no wonder that two account for the lion's share of the total transactions concluded in cryptos. However, though they're handy means of trading, their network's high traffic makes their transactions attract higher fees, a concern to the cost-conscious user. What to do then when hefty charges make holding BTC…
5 years ago
Pakistan Provincial Assembly Passes Resolution to Legalize Crypto
The Provincial Assembly of Khyber Pakhtunkhwa in Pakistan has passed a resolution to legalize cryptocurrency and crypto mining in the region. This resolution is expected to drive a new wave of adoption of cryptocurrencies and crypto mining in the Asian nation. Dr. Sumera Shams, a member of the assembly, revealed the decision via Twitter. She remarked that it was a major step towards digitalization and thanked her colleagues for passing the resolution. Zia Ullah Bangash, an advisor for the ministry…
5 years ago
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BitcoinBitcoin Shoots to the Moon: The Story of BTC Leading the Global Market
In 2009, Satoshi Nakamoto launched the first digital currency in the world. Bitcoin was designed to create a decentralized peer to peer payment option fostering inclusivity in transactions. Some people believe that Satoshi Nakamoto is a group. However, almost every bitcoin lover agrees that Satoshi is a genius, whether it's an individual or a group. January 2009 marked the completion of the first-ever bitcoin transaction with the sender being Satoshi Nakamoto and the recipient being Hal Finney. Satoshi mined the…
5 years ago
Analyst Reveals Why Current Bull Run is Different from 2017 Bull Run
The current Bitcoin (BTC) bull run has been remarkable, with the leading coin surging in recent weeks and hitting milestones. Bitcoin recently broke its all-time high, and bets are open when it finally crosses the symbolic $20,000 mark. Different Reasons Unlike In 2017 influence Bitcoin Bull Run Although Bitcoin is hitting similar highs of 2017, the bull run is different, according to Pierce Crosby, CEO of TradingView. In a recent interview, Crosby shared his thought on the current bullish run…
5 years ago