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
How To Explore Crypto and Blockchain Projects Through GitHub
GitHub is an open-source platform for developers to see and participate in project development freely. Many cryptocurrency projects use this coding platform to encourage community participation in development. For instance, Bitcoin is one of the most highly developed GitHub projects of today, having thousands of development activities in the past on Github. Others like Chainlink, Ethereum, and Aelf also top in the number of development activities. People interested in crypto can explore new projects and blockchain developments daily on GitHub.…
5 years ago
Pakistan Provincial Assembly Passes Resolution to Legalize Crypto
The Provincial Assembly of Khyber Pakhtunkhwa in Pakistan has passed a resolution to legalize cryptocurrency and crypto mining in the region. This resolution is expected to drive a new wave of adoption of cryptocurrencies and crypto mining in the Asian nation. Dr. Sumera Shams, a member of the assembly, revealed the decision via Twitter. She remarked that it was a major step towards digitalization and thanked her colleagues for passing the resolution. Zia Ullah Bangash, an advisor for the ministry…
5 years ago
Crypto May Shine As Western Union Shuts Down Services in Cuba
Last week, Western Union, the world's largest money transfer service, announced it would be suspending its U.S. dollar transfer service to Cuba following the Trump Administration's latest sanctions. Fresh reports today revealed that the remittance giant has finally closed its 407 locations across Cuba after more than 20 years of operation. This means U.S. customers can no longer send money to Cuba, and Cuban users will no longer receive funds. According to Reuters, the remittance market is Cuba's third-largest revenue…
5 years ago
5 Reasons To Avoid Storing Cryptocurrency in PayPal
The push toward the mass adoption of cryptos continues to gain momentum. Governments and prominent business leaders who had reservations about their adoption are warming up to the industry now. It's easy to see why these developments cause so much excitement. These stakeholders influence significant populations in their areas of operation. Consequently, their endorsement of crypto transactions is a massive shot in the arm for the efforts geared toward their mainstreaming. PayPal is the latest major player in the crypto…
5 years ago
Positive Impact of Cryptocurrencies on the Banking Industry
The financial system is one of the most dynamic industries today. Banking institutions stand as the legitimate bodies responsible for distributing money and controlling its circulation in the economy in conjunction with central banks. Individuals globally rely on banks for a long time to provide financial services that suit everyone's needs. However, despite being the market's authorized financial bodies, banks and other financial institutions still encounter major challenges that make them lag. Introducing cryptocurrencies to the banking sector guarantees massive…
5 years ago
10 Dominant Cryptocurrencies to Watch Out Other Than Bitcoin
The crypto market is a diverse ecosystem of projects attempting to solve various problems. While it's hard to argue against the belief that Bitcoin holds the crown as the originator, many new projects are worthy of praise. These new projects surpass Bitcoin's technical capabilities and provide investors with unique functionalities in the market. Here are the top 10 most important cryptocurrencies other than Bitcoin. Ethereum Ethereum was one of the earliest altcoins to enter the market. Since its inception, Ethereum…
5 years ago
PayPal Opens Full Crypto Trading Service For U.S. Customers
With Bitcoin blasting through the $16,000 price level today for the first time since 2017, the cryptocurrency market could welcome more FOMO investors following's PayPal's latest announcement. The American payment processing giant, PayPal, announced Thursday that it had ended the waitlist for its cryptocurrency trading service. In other words, the company will now allow U.S. customers to buy, sell, and HODL bitcoin and other cryptocurrencies directly on their PayPal accounts. Recall that PayPal initially unveiled the new service last month…
5 years ago
When is the Right Time to Sell Your Bitcoin or Altcoins?
Most experienced traders will agree that there are times when it makes more sense to sell your Bitcoin (BTC) or altcoins rather than take the brunt of losses head-on. Importantly, there is no specific point of buying or selling cryptocurrencies that is "right." Every investor's situation, overall goal, and investment strategy varies greatly. For these reasons, it can be notoriously difficult to determine when it's best to sell your digital assets. Greed Gets You Nowhere The main thing to understand…
5 years ago
Why PayPal’s Crypto Support Will Drive Faster Adoption
PayPal is among the biggest online transaction platforms globally, completing 315 million USD worth of transactions every day. The platform receives praise mainly because of its usability and convenience, allowing everyone to enjoy the service. Among the key attributes that bolster its adoption is the ease of signing up; a user fills in a few details, then they open an account and start transacting. Recently PayPal announced that it's going to introduce cryptocurrency support in its platform starting 2021. The…
5 years ago