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…
Crypto
Crypto Summer and ‘Banana Zone’ Altseason After BTC Halving: Raoul Pal
CEO and co-founder of Real Vision Group and Global Macro Investor Raoul Pal said macro and crypto summer has already started in a post on X on March 25. The prediction is part of his ‘Everything Code’ thesis that explains market movements due to macroeconomic influences. It is all driven by liquidity, which bottomed at the end of 2022, he said before adding that “macro summer and fall are all about liquidity rising,” and liquidity should rise “all the way…
1 year ago
Altcoin Season: These 3 Crypto Are Poised to Break Out as Bitcoin Soars
As the cryptocurrency market watches Bitcoin’s recent surge to $64,000, attention shifts toward altcoins poised for breakouts. Brian Kelly, CEO of hedge fund BKCM, suggests a potential rotation from Bitcoin invention to promising altcoins. The community searches for the next hot crypto trend as Bitcoin’s price surge approaches the all-time highs. Solana, Chainlink, and Polkadot to Lead the Altcoin Rally Solana (SOL) stands out as Brian Kelly’s top pick for investment rotation from Bitcoin and Ethereum. Its solid technological foundation…
1 year ago
Crypto and AI Demands Spike US Methane Emissions to 6 Million Tons
The United States is witnessing an unprecedented surge in electricity demand and methane emissions, driven by the growing sectors of crypto and artificial intelligence (AI). Energy expert Timothy Fox estimates that in 2023 alone, the data centers crucial for powering these industries consumed an astonishing 25 to 95 terawatt-hours. Crypto’s 5% Share of Methane Emissions The surge in energy consumption is propelling annual consumption and peak demand forecasts to their highest levels in over a decade, raising significant environmental concerns.…
1 year ago
Innovation in Banking: CodegoPay Merges IBANs, Cards, and Crypto
Codego Group Revolutionizes the Financial Sector with CodegoPay, a Cutting-Edge Payment App Innovation in Banking: CodegoPay Merges IBANs, Cards, and Crypto In a groundbreaking move in the financial sector, Codego Group, renowned for its white-label crypto card services, has unveiled CodegoPay. This state-of-the-art payment app integrates essential services such as IBANs, cards, and cryptocurrency, setting a new standard in financial technology. CodegoPay: Your Gateway to Crypto-Friendly Banking As the demand for crypto-friendly banking solutions skyrockets, Codego Group approaches the…
1 year ago
MetaQuiz: Transforming Digital Learning with AI-Powered Blockchain Rewards
In a rapidly evolving world where technology is shaping every facet of our lives, learning and earning have taken a new form with the emergence of MetaQuiz. This innovative edutainment platform is rewriting the rules of digital learning, and its journey is being steered by the creative minds at MetFi DAO. With a mission to broaden the horizons of knowledge and amplify reward opportunities, MetaQuiz is at the forefront of a transformation that promises to redefine the future of edutainment.…
2 years ago
Babel Finance Reaches Debt Repayment Agreement to Ease Liquidity Problems
Crypto lending platform Babel Finance has managed to strike deals that have helped alleviate its short-term liquidity problems. The company unveiled this news through a notice earlier today. Babel Finance said it achieved this feat by communicating with its counterparties and relevant customers. According to the notice, the company reached preliminary agreements on the repayment periods of some debts with the above parties. Babel Finance added that it is holding talks with shareholders and potential investors to get liquidity support.…
3 years ago
Bill Gates Reiterates His Distaste for Crypto and NFTs
Microsoft co-founder Bill Gates has once again expressed his loathe for digital assets, this time factoring in non-fungible tokens (NFTs). Speaking at the Techcrunch Sessions: Climate event in Berkley, California, Gates said he is not a fan of crypto and NFTs. Specifically, the American Business Magnate said cryptocurrencies and NFTs are 100% based on the greater fool theory. The greater fool theory refers to the idea of someone making money by buying overvalued assets and selling them for a profit…
3 years ago
13 NFL Teams Partner with Crypto Fan Influencer Socios
Thirteen National Football League teams are making arrangements with blockchain company Socios to boost fan engagement. Shortly after the New England Patriots dabbled into crypto affairs, other NFL clubs took to similar pursuits. Thirteen clubs are lined up to enter a partnership deal with Socios. This includes the Los Angeles Chargers, Miami Dolphins, San Francisco 49ers, Tampa Bay Buccaneers, New York Giants, and others. In Europe, Socios has developed a reputation in sports as a fan token provider. Back in…
3 years ago
Elon Musk Backs Out From Joining Twitter’s Board
Tesla’s founder and CEO, Elon Musk, withdraws from joining Twitter’s board of directors. Parag Agrawal, Twitter’s CEO announced this in a tweet in the early hours of Monday, 11th April. Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here,” Agrawal tweeted. Musk was offered a seat on the board a day after he disclosed a 9.2% stake in the company, which made him Twitter’s biggest shareholder. According to…
3 years ago