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
Coinbase Super Bowl Ad Crashes Site
Coinbase Super Bowl ad got a lot of attention, so much so that it crashed their site. The crypto exchange created an unconventional ad for the Super Bowl time slot when viewership is at an all-time high. Their ad, however, featured just a logo that bounced across a black screen. In the nearly 60 seconds the ad lasted, the logo changed to a QR code. The ad, which cost an estimated $14 million, did not explain the QR code. Naturally, this…
3 years ago
Uber Will ‘Absolutely’ Accept Crypto – At Some Point
Uber is looking into enabling crypto payments and will "absolutely" allow them - at some point. However, that may not happen until transaction costs and environmental impact drop. Uber's CEO Dara Khosrowshahi said that the company could "definitely" accept cryptos like Bitcoin at some point in the future. In an interview with Bloomberg tech, the CEO revealed that the ridesharing company discusses crypto payments within the app. However, that won't happen until crypto payments become less expensive and lower their…
3 years ago
Top DeFi Tokens To Invest In 2023
DeFi, or decentralized finance tokens, continue to be the center of attention in the crypto realm. As a result, many individuals have started to make the most out of DeFi coins. After all, DeFi coins make it possible to address outdated issues in the financial sector. The truth is that DeFi coins have had consistent demand, and this trend continues to head in an upward direction. But once you’re interested in investing in decentralized finance, choosing the “right” DeFi token…
3 years ago
NYC Mayor Eric Adams Opposes Bitcoin Mining, Despite Pro-Crypto Stance
Eric Adams – Mayor of New York City – is undoubtedly bullish on crypto. Yet when it comes to crypto mining, he appears to be towing the party line. In a joint session on Wednesday, the newly elected Democrat said he doesn’t support cryptocurrency mining. Though environmentalists appear pleased with his remarks, they may damage the mayor’s campaign to attract the crypto industry to NYC. ‘Crypto’, Not ‘Mining’ According to the New York Post, the mayor has chosen to side…
3 years ago
TMX Group Unveils Plans to Launch Its First Crypto Futures Product
TMX Group, Canada’s largest stock market operator, is gearing up to roll out its first crypto futures product. A report unveiled this news on February 8, citing the company’s CEO, John McKenzie. Per McKenzie, TMX is in response to institutional investors’ desires to mitigate the risks of trading in crypto. Reportedly, TMX seeks to drop its new product before the end of the year. The product will go live on the Montreal Exchange. While this will be the firm’s first…
3 years ago
Understanding Doxxing in the Crypto World
When experts claim “data is the new oil,” it may be hard to understand all the statement's implications. But, in short, information and data are receiving a higher valuation on the market year after year. A few decades ago, Wall Street saw energy-related companies among those with the highest market cap. Today, attention has moved towards data-based companies, such as social networks. Of course, the other side of the data coin is that information online is becoming more sensitive. Unfortunately,…
3 years ago
Brazil – An Important Bet for Crypto Exchanges
While the regulatory world proceeds on different and disconnected paths, Brazil represents one of the most attractive markets for crypto exchanges. Several macroeconomic and legal factors are creating an optimal environment for these companies. This article will provide a general overview of the topic, including the main aspects attracting crypto exchanges' attention. Finally, we will report the views of some of the world's leading businesses on Brazil and its future in the crypto universe. The stablecoin mania 2021 was a…
3 years ago
Owning Cryptocurrency Could Make You A More Attractive Date, Study Finds
We’re all going to make it, HODLers – at least for Valentine’s day. A new study from eToro – the world’s largest social investing platform – finds cryptocurrencies can make one more popular on the dating scene. Bitcoin Fixes…Your Love Life? As reported by CNBC, the study stated that 33% of Americans are more likely to go on a date with someone mentioning cryptocurrencies in their online dating profile. That’s compared to just 26% of Americans that own Bitcoin, according…
3 years ago
Russian Finance Minister Says Crypto Could Bring In $2.3 Billion In Taxes
Key Russian financial authorities have radically different views on crypto regulation. On Wednesday, Finance Minister Anton Siluanov voiced his opposition to the Bank of Russia's harsh stance on crypto. In a letter to Prime Minister Mikhail Mishustin, said that the country should regulate, rather than ban cryptos. He also said that crypto regulation would bring in an additional $2.3 billion in taxes to Russia. To make regulation more effective, he suggested allowing banks to provide exchange services. This would allow licensed…
3 years ago