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…
Elon Musk
Robinhood Temporarily Restricts Crypto Trading As BTC and DOGE Go Ballistic
Following the recent surge in the prices of the top cryptocurrency, bitcoin (BTC), and the meme-inspired digital token, Dogecoin (DOGE), the popular trading app Robinhood abruptly restricted the trading of cryptocurrencies on all of its platforms. According to a Friday report by CNBC, the investing platform temporarily stopped its customers from making deposits into their digital wallets for crypto purchases. Thus, customers can only buy cryptocurrencies using only the funds that they had already deposited into their accounts before the…
4 years ago
Elon Musk Denies knowledge of Bitcoin ATM at Tesla’s Gigafactory
Telsa CEO Elon Musk has denied reports that there is a Bitcoin ATM at his company’s Gigafactory in Nevada. Bitcoin ATM Spotted at the Telsa factory. Fold CEO Will Reeves had tweeted on Sunday that he spotted a Liberty X Bitcoin ATM in the 1.9 million-square-foot Gigafactory building. His tweet went viral, prompting speculation that Telsa could be interested in investing in Bitcoin. However, this information was debunked by Musk, who revealed in a cryptic tweet that the news was…
5 years ago
How to Mine Dogecoin (DOGE): A Complete Guide
Dogecoin was a joke created by Jackson Palmer and Billy Marcus in 2013. It was meant to mock altcoin by turning the internet doge meme into a cryptocurrency. Dogecoin's value was significantly low, but Elon Musk, Tesla's founder, tweeted about the cryptocurrency and the tweet went viral. It led to Dogecoin's value going up by 18.5% in less than an hour from $0.003052 to $0.003433. He has also replied to a sarcastic tweet, saying that he only sells Doge. He has…
5 years ago
Elon Debunks Shatner’s Claims That He’s Building on the Ethereum Blockchain
On July 2, 2020, The CEO of SpaceX as well as Tesla, Elon Musk, brushed off rumors surrounding his involvement with the Ethereum blockchain. Canadian actor, William Shatner, had taken to twitter to indicate collaboration between the creator of the Ethereum network, Vitalik Buterin, and Elon Musk over a year ago. In his tweet on May 10, 2019, Shatner started: “My friends Vitalik Buterin and Elon Musk were trying to decide what to build on ethereum. I’ve been waiting and…
5 years ago
Binance Research Compares Libra with SpaceX
Facebook’s Libra is still facing barriers as it is trying to come up with a new international payment system and financial infrastructure. Recently, Binance Research released a report which noted that the cryptocurrency project may turn things around in the payments industry similar to the transformation within the space travel industry by SpaceX. Last year, Facebook said it was planning to launch Libra, a digital currency to be managed by the Libra Association, a Swiss-based consortium of independent members. The…
5 years ago
Elon Musk Addresses on Twitter Cryptocurrency Scams
Elon Musk, the chief executive of Tesla and SpaceX, got tired of online cryptocurrency scams. On the 1st of February, Musk warned his Twitter followers of cryptocurrency scams which are attaining new levels each day. Scammers involving non-digital currency scams hijack Twitter accounts with an official ‘verified’ seal, and then change usernames to look like renowned individuals’ names in the tech space. These scammers then manipulateTwitter users to send them bitcoins to spurious accounts. How Some Cryptocurrency Scams Occurs and…
5 years ago