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
New Avalanche Blockchain Integration Set to Transform Digital Payments – Can it Propel AVAX Price to $30?
Ava Labs offers intellectual property management solutions to K-pop artists through the Avalanche blockchain. This will provide transparency and protect artists from underpayment and copyright violations, especially in live music and event ticket sales. In a recent announcement, Ava Labs announced that it would provide intellectual property management solutions to South Korean K-pop artists by leveraging its own Layer-1 blockchain network, Avalanche. A recent report from Allied Research showed that the K-pop industry will reach a $20 billion valuation by 2031.…
12 months ago
Algotech Community Celebrates as Presale Reaches Bonus Round, Outshines Fantom Rally and SUI Blockchain Innovations
The post Algotech Community Celebrates as Presale Reaches Bonus Round, Outshines Fantom Rally and SUI Blockchain Innovations appeared first on Coinpedia Fintech News The crypto market is witnessing an exciting phase, marked by notable rallies and emerging innovations. Recent highlights include the impressive rally of Fantom (FTM) and the innovative advancements by SUI Blockchain (SUI). However, Algotech (ALGT) has managed to outshine these significant achievements by reaching its presale bonus round, drawing substantial attention and acclaim from the community. In…
12 months ago
Discover NEAR Foundation’s Vision: Blockchain and AI for Self-Sovereignty
NEAR Foundation champions self-sovereignty and user control in AI and blockchain technology. NEAR’s AI Developer enables non-technical users to build complete Web3 applications using natural language. NEAR Foundation CEO Chris Donovan gave a stirring address at The Digital Commonwealth: Mansion House Summit Series 2024. His speech praised the creative work being done in the NEAR ecosystem and underlined the vital role that self-sovereignty plays in the developing field of artificial intelligence. Donovan emphasized the need of user control and the…
12 months ago
5 Best Upcoming Crypto for Long Term: Discover the Next Big Thing in Blockchain!
The post 5 Best Upcoming Crypto for Long Term: Discover the Next Big Thing in Blockchain! appeared first on Coinpedia Fintech News The fresh faces in the crypto sphere hold the potential for explosive growth, offering investors the chance to receive massive profits by holding them for the long term. Unlike established coins that may have reached a certain level of maturity, the best upcoming crypto projects often have room for development. Their teams are constantly working through their ideas…
12 months ago
Claudia Sheinbaum and Crypto: What Mexico’s New Leadership Means for Blockchain Technology
Claudia Sheinbaum, first female President of Mexico, suggests continuity in crypto policy from her predecessor’s administration. Mexico’s current crypto regulations include a 20% tax on gains and mandatory exchange registrations for anti-laundering compliance. Mexico’s newly elected president, Claudia Sheinbaum, could herald a new era for cryptocurrency regulation in the country. The former mayor of Mexico City won the presidency by a significant margin on June 2, becoming the first woman to hold the office. Her victory suggests that Mexico’s approach…
12 months ago
Blockchain Consultancy Hermetic Labs Launches To Help Companies & Investors Embrace Crypto & DeFi
Blockchain advisory startup Hermetic Labs said today it’s ready to provide urgent and much-needed assistance to organizations looking to participate in the rise of Web3. It has just launched its blockchain consultancy service, with the aim of helping companies and individuals navigate the headache-inducing complexities that characterize the crypto industry. Hermetic Labs is led by Milana Valmont, who previously founded Kira Core, a hypermodular DeFi ecosystem startup that’s building a unified infrastructure stack for decentralized financial applications such as “staking-as-a-service”. She…
12 months ago
Crypto on the Campaign Trail: Bitcoin and Blockchain Shapes the 2024 Presidential Race
As the 2024 US presidential election draws near, cryptocurrency has emerged as a surprising yet powerful topic. The political discussion around cryptocurrency is intensifying. Candidates from various parties are considering its broader implications. Why Politicians Are Trying to Woo Bitcoin Investors Swan Bitcoin’s Chief Investment Officer, Raphael Zagury, observed a significant shift in how politicians discuss Bitcoin, marking a departure from earlier skepticism. “It started with senators talking about Bitcoin. Then we had more people talking about it. And now…
12 months ago
Ripple CEO Urges U.S. Leadership in Blockchain Amidst Legal Hurdles
Ripple’s CEO calls for U.S. to lead in blockchain despite regulatory challenges. SEC may not appeal recent partial ruling in Ripple’s favor, suggesting case resolution. Despite continuing governmental obstacles and a fresh lawsuit against the company, Ripple CEO Brad Garlinghouse restated his goal for the United States to lead the world in blockchain and cryptocurrencies. Jack The Rippler, a well-known Ripple enthusiast, posted an excerpt from Garlinghouse’s CNBC interview. Garlinghouse voiced worries in the interview about the resistance the U.S.…
12 months ago
Blockchain Firm Says Bitcoin Price Might Be Headed For $60,000 – Here’s Why
The Bitcoin price performance over the past week failed to bring glory to the crypto market, as the leading cryptocurrency struggled once again. This trend was mirrored across almost all large-cap assets, many of which experienced significant losses. Unfortunately, recent price action data suggests that the Bitcoin price is not safe yet, as there is potential for further downside over the coming days. Is $60,000 The Next Stop? In a new report, blockchain intelligence firm CryptoQuant put forward an interesting…
12 months ago