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…
Cryptocurrency
The Crypto App – An All-In-One Solution for Different Types of Crypto Enthusiasts
The cryptocurrency market is growing rapidly, and with it, the demand for tools to help crypto users on the market. The Crypto App is an advanced tool designed to meet the needs of experienced investors and new market entrants. This all-in-one solution provides users with various features, such as portfolio management, real-time alerts, and more. With its user-friendly design and tools, the app offers a suite of solutions for anyone holding virtual tokens. Today's review will explore the features and…
2 years ago
Brazil Legalizes Crypto as a Payment Option
Residents of Brazil can now lawfully conduct transactions within the country using cryptocurrency. This major change came into effect after Brazil’s leadership signed a crypto policy authorizing various digital assets as a legal payment method. Bolsonaro Gives His Signature On Thursday, the president of Brazil, Jair Bolsonaro gave the thumbs up for bill 14.478 to enter into law. Of course, Bolsonaro’s approval was only after the policy had successfully gone through the Chamber of Deputies and the Senate. The president…
2 years ago
What Are Front-Run Orders in Crypto?
Front-run orders are an issue that can have serious consequences for investors. This article will explore what they are, why they're a problem, and some methods to identify them. We'll see how to minimize the risk of being victims of front-run orders and how exchanges can reduce their occurrence. Then, let's dive into the world of front-run orders and learn how to make crypto trading safer. What Are Crypto Front-Run Orders? Front-run orders are when traders take advantage of an…
3 years ago
Huobi Publishes Asset Transparency Report, Discloses $3.5B Crypto Reserves
In the wake of crypto exchange FTX’s resounding crash, Huobi Global has released an asset transparency report. The publication aims to allay user concerns about the security of their funds amidst growing anxiety industry-wide. Huobi Holds $3.5B Worth of Cryptocurrency Per the report, Huobi global’s reserves are worth an estimated total of $3.5 billion. As of Nov 12, the exchange held 191.84 million units of its native token Huobi token (HT), worth about 900M USD. Huobi’s reserves also include 274k…
3 years ago
Billionaire David Rubenstein Explains Why Cryptocurrency Isn’t Going Away
David Rubenstein – co-founder of the asset management firm Carlyle – recently told Bloomberg about how his view on crypto has changed over time. The billionaire now believes that digital assets are “not going away,” and said he has personally invested in some crypto industry businesses. Why Would Someone Want Crypto? During the interview, Rubenstein began by equating cryptocurrency investing to gambling. “If it gives you pleasure to do the gambling, allocate enough money that you can afford to lose,”…
3 years ago
Genesis Head of Sales Steps Down a Month After CEO
The crypto lending and custody platform Genesis waved another executive goodbye on Wednesday as co-Head of Sales Matt Ballensweig stepped down. That’s the second executive departure from Genesis after its CEO, and the next in a long list of crypto industry higher-ups this quarter. Yet Another Departure in Crypto In a Twitter thread on Wednesday, Ballenswelg explained that he was formally leaving his post after over 5 years, and will be transitioning his responsibilities to select colleagues. In the short…
3 years ago
Here are the Benefits of Auditing Your Smart Contract with SolidProof
Auditing a smart contract is vital to ensure that the code functions as intended. SolidProof offers a wide range of services to help with this process. In addition, the company guarantees a sound audit process and an experienced team of auditors. Here are the benefits of auditing a smart contract with a reputable company such as SolidProof: A wide range of services: SolidProof offers a wide range of services to help with the audit process, including code review, security analysis,…
3 years ago
Russia Legalizes Crypto for Cross-border Payments
In a release on Thursday, a Russian news outlet revealed that the nation’s authorities have given the green light to crypto cross-border settlements. Beneath a new bill from the relevant entities, Russia will grant people access to crypto wallets. Central Bank Agrees on a Proposal for Cross-border Settlements The Bank of Russia and the Russian Ministry of Finance have agreed to let residents use digital assets for cross-border payments. Deputy Minister of Finance Alexei Moiseev claims both entities joined forces…
3 years ago
Does the Crypto Industry Pay its Workers With Crypto? A Framework Report
Framework Ventures – a blockchain-focused venture capital and technology company – has released a report examining compensation among venture-backed crypto startups. The firm surveyed 18 companies, ranging from 2 to 80 employees, between May and June of 2022. Respondents were largely part of the DeFi, infrastructure, and web 3 gaming sectors and included by centralized companies and DAOs. Framework’s report publicly revealed 7 key findings, including information about how many startups actually use crypto over fiat to pay employees. Here’s…
3 years ago