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…
Blockchain Amid
Alibaba Plans to Integrate the Blockchain Amid Growing Interest in NFTs
Chinese technology company Alibaba plans to introduce a Non Fungible Token section, powered by the "Guangjian" NFT digital collection, into its innovative Auction service. The news comes as stories of Alibaba's collaboration with rivals Tencent continue to stir up. Alibaba's plot to dive into the NFT market echoes its plight to tap into blockchain technology. Guang Jin is an NFT platform that Bit Universe recently launched on August 15. Surprisingly, Guang Jian almost immediately gained the interest of Alibaba. According…
4 years ago