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…
Skeptical
Disgraced ZKasino Offers Limited Time Refunds; Investors Skeptical
ZKasino has launched a 72-hour refund process for investors following accusations of a $33 million rug pull. ZKasino Promises Refunds Amid Skepticism Blockchain-based gambling platform ZKasino has announced a 72-hour window for investors to claim refunds. This decision follows accusations of a $33 million rug pull that surfaced a month ago. Despite the initiative, doubts persist regarding the legitimacy of the refund process and the project's motives. Refund Process Announcement In a Medium post, ZKasino outlined its plan to refund…
1 year ago
Mark Mobius: Crypto Is A Religion, Not An Investment
Mark Mobius, a famous fund manager and global investor, is no fan of cryptocurrencies. He recently told Squawk Box that the emerging asset class is more of a “religion” than an “investment.” Mocking Bitcoin loyalists, he said that stocks, rather than cryptocurrencies, are the ultimate solution to rising inflation. Mobius Disapproves Of Crypto The fund manager showed his distaste for cryptocurrencies in an interview with Squawk Box earlier today. While discussing the debasement of fiat money, the interviewer asked about…
4 years ago
Thomas Peterffy Admits He Owns Cryptos Despite being Skeptical Earlier
Thomas Peterffy, founder and Chairman of Interactive Brokers, revealed he had invested in digital currencies. However, he did not reveal which cryptocurrencies he owns. He further said that the clients of his company have been showing massive interest in digital assets services. The billionaire founder said he had placed a little bit of money into crypto. However, he noted that despite the chances pointing that this is not going to be a viable market, he still thinks that there’s a…
4 years ago