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
BlackRock Files for ETF Tracking Crypto Companies
BlackRock is one of those asset management firms that often creates new exchange-traded funds (ETFs). However, the news of BlackRock's latest filing has made a lot of excitement in the blockchain world. The company announced its intention to open a fund to replicate the performance of the crypto sector. However, behind this statement, reported by many websites, some crucial nuances arise. Our article will analyze the news in detail, adding no information regarding BlackRock's position on cryptocurrencies. BlackRock is pursuing…
3 years ago
How May the Crypto Market React to a Russian Crypto Ban?
The position of the Russian regulator has become increasingly restrictive towards cryptocurrencies in 2021. By the start of 2022, we have received several reports of further legislative moves that Moscow is allegedly studying. The positions on the issue in the country are different, and, to date, the direction of the policymakers is unclear. In this article, we provide an overview of the situation, reporting the opinion of several prominent people on this topic. An evolving situation At the moment, in…
3 years ago
Fidelity: Bitcoin Is Different From All Other Cryptos
Amid a sea of over 17,000 cryptocurrencies today, Fidelity still considers Bitcoin unique from the crowd. The $4 trillion asset manager recently released a report arguing that Bitcoin is a superior monetary good to all other cryptos. That said, it highlights other cryptocurrencies and chains as thriving in different market niches. Therefore, they are complementary – not competitive – to Bitcoin. Bitcoin is One-of-a-Kind Fidelity’s report – titled “Bitcoin First” – was posted to its site on Monday by Chris…
3 years ago
Giving Financial Freedom through Bitcoin – A Story from South Africa
Among the many benefits of cryptocurrencies, the world is discovering the help they can bring to poorer countries. In addition, cryptocurrencies can play an important role when centralized money isn't easily accessible. As an example, today, we will talk about an exciting story from South Africa. In this region, in sub-urban areas, Bitcoin adoption could change the lives of several people. Hermann Vivier and Bitcoin Ekasi Increasingly, we hear stories demonstrating the growth of cryptocurrencies in geographic areas with challenging…
3 years ago
Cryptocurrencies Are Helping Afghan Women in the Taliban Regime
Since the Taliban took power in Afghanistan, the economy has been in serious trouble. The new laws imposed by the government severely limit the rights of citizens. This is especially true for women, with vetoes justified by a fundamentalist religious interpretation. In such a context, cryptocurrencies are demonstrating their power. First, this article will look at a summary of the current political and social situation. Then, we will analyze an exciting story regarding Afghan women and cryptocurrencies following the initial…
3 years ago
The Best Crypto Social Trading Platforms for Copy Trading in 2023
If you are a novice trader, cryptocurrency trading will be challenging. With little knowledge about the market, you cannot make decisions like an experienced trader. The major problem with cryptocurrency is that you must gather massive amounts of information to learn how to trade. And as you spend more time trading, things will start to clear. You might have heard experienced traders say that with more significant risks come higher rewards. But, it would help if you also considered that…
3 years ago
Turkey – the Lira Crisis Is Leading to a Bitcoin Boom
The Turkish lira crisis is leading many investors to look with interest to the world of cryptocurrencies. The data shows how the increase in people who convert the Turkish currency into Bitcoin (BTC) has never been higher. This article will provide more details regarding what is happening in the Turkish currency market. After this premise, it will be easier for readers to understand the success of BTC in the country. The Lira crisis – A sad tale of high inflation…
3 years ago
What is NFT Lazy Minting – A Beginner’s Guide
The enormous success of NFT usage over the last quarters is remarkable. Therefore, we are not surprised to see an ongoing innovation trend in the NFT market niche in this context. However, creating NFTs can be challenging, especially for new traders and artists. Today we will look into the lazy minting practice, an innovative idea that has recently become popular in the blockchain industry. Before doing that, however, it is essential to spend a few words on the general minting…
3 years ago
What Is CBDC In Crypto?
The cryptocurrency trading revolution exploded more than ten years ago and led to an almost unprecedented economic and financial earthquake. As a result, people are learning to change their approach to payment and investment systems, pushing up the price of many cryptocurrencies. Such a rapid change has been noticed on the boards of the world's major central banks. In fact, in an increasing number of countries, central banks are working on launching centralized digital currencies, known as CBDC. This article…
3 years ago