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…
Ethereum
China’s Crypto Ban Prevents Exposure to Hong Kong’s Bitcoin, Ethereum ETFs
Investors in mainland China might miss out on the opportunity to engage with Hong Kong’s newly approved Bitcoin and Ethereum Exchange-Traded Funds (ETFs). According to experts, due to stringent domestic regulations, Chinese nationals will likely be barred from participating. Is the Impact of Hong Kong Bitcoin and Ethereum ETFs Overstated? The prohibition is not surprising, given China’s restrictive stance on cryptocurrencies. Since the 2021 ban on trading and mining cryptocurrencies, Chinese traders have faced significant hurdles in accessing global crypto…
1 year ago
Ernst & Young Adopts Polygon PoS for OpsChain Contract Manager, Eyes Ethereum Mainnet Migration
Ernst & Young launches the OpsChain Contract Manager utilizing Polygon PoS, aiming for enhanced contract management efficiency and cost-effectiveness. The crypto market shows diverse investment opportunities with varying levels of risk and potential return, with specific altcoins highlighted for significant potential gains. Ernst & Young Global Limited, commonly known as EY, is a global leader in professional services and one of the largest professional networks worldwide. Dedicated to building a better working world, EY offers insights and services that create…
1 year ago
Worldcoin (WLD) Makes Waves: World Chain Set to Debut as Ethereum Layer 2 Solution
Worldcoin is launching World Chain as a Layer 2 solution on Ethereum to enhance transaction efficiency and cater to a growing user base. Incorporates Proof of Personhood for secure and private user verification, offering incentives like WLD tokens for verified identities. Worldcoin is poised to unveil its Ethereum-based Layer-2 solution, known as World Chain, this summer. Created by Tools for Humanity, this platform is designed to prioritize real human users over bots by offering them priority in block space allocation…
1 year ago
Why Algotech Could Be a Better Long-Term Investment Than Bitcoin and Ethereum
The post Why Algotech Could Be a Better Long-Term Investment Than Bitcoin and Ethereum appeared first on Coinpedia Fintech News Algotech (ALGT) is capturing attention in the cryptocurrency world, promising distinct advantages that might make it a superior long-term investment compared to Bitcoin (BTC) and Ethereum (ETH). With its foundation in advanced algorithmic trading, Algotech leverages sophisticated AI to automate and optimize trading strategies. This not only enhances transaction efficiency but also increases potential returns, distinguishing it from traditional cryptocurrencies…
1 year ago
Best Altcoins To Buy For The Bull Market – Billion Dollar Jackpot, Ethereum Classic and Immutable X
The post Best Altcoins To Buy For The Bull Market – Billion Dollar Jackpot, Ethereum Classic and Immutable X appeared first on Coinpedia Fintech News The cryptocurrency market is experiencing heightened activity, with established investors and newcomers seeking to capitalize on potential growth opportunities. Whispers of a bull market, a sustained period of rising prices, are circulating throughout the industry. A bull market typically arises from a confluence of factors, including increased investor confidence, positive media coverage, and technological advancements…
1 year ago
From Bitcoin to Ethereum: Top Cryptocurrencies for Online Casino Payments
The post From Bitcoin to Ethereum: Top Cryptocurrencies for Online Casino Payments appeared first on Coinpedia Fintech News The top newest online casinos on the global market are increasingly integrating cryptocurrency payment options, with Bitcoin leading the pack, according to industry experts. Bitcoin offers fast, secure, pseudo-anonymous transactions that circumvent traditional banking hurdles. Ethereum follows in popularity, allowing transfers of its native Ether coins for casino deposits and cashouts. Experts point to low fees and quick processing times as advantages…
1 year ago
Should You Hold or Sell Ethereum? Expert Insights Ahead of the SEC’s ETF Decision
The post Should You Hold or Sell Ethereum? Expert Insights Ahead of the SEC’s ETF Decision appeared first on Coinpedia Fintech News As the deadline for the SEC’s decision on spot Ethereum ETFs approaches, investors are questioning whether to hold or sell their Ethereum holdings. Experts weigh in on the potential impact of the expected rejection and its implications for the broader cryptocurrency market. Experts and their Insights Analysts anticipate that the SEC will likely reject spot Ethereum ETF applications…
1 year ago
Ethereum Price Holds Strong At $3K But Can Bulls Clear This Hurdle?
Ethereum price is consolidating near the $3,000 zone. ETH could start a decent recovery wave if it clears the $3,100 and $3,200 resistance levels. Ethereum is struggling to recover above the $3,100 resistance zone. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $3,035 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,100…
1 year ago
Top Cryptocurrencies Attracting Whale Interest: Ethereum (ETH), Solana (SOL), and Furrever Token (FURR)
The post Top Cryptocurrencies Attracting Whale Interest: Ethereum (ETH), Solana (SOL), and Furrever Token (FURR) appeared first on Coinpedia Fintech News In the ever-shifting landscape of the crypto market, where volatility reigns supreme, investors are constantly seeking opportunities for substantial returns. Amidst the recent downturns experienced by major players like Solana (SOL) and Ethereum (ETH), a new contender emerges, promising lucrative prospects and capturing the attention of seasoned investors and newcomers alike. Furrever Token (FURR), with its irresistible allure of…
1 year ago