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WMA: Bitcoin and Altcoins Recover, OpenAI Increases Crypto Efforts

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 $1,136 trillion. Bitcoin has increased by over 1% this week. Ethereum is up by almost 2% after a largely uneventful period. XRP gained almost 3% in value this week. Almost all altcoins are trading in the green, with only a few exceptions. The DeFi sector increased the total value of protocols (TVL) to around…

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WMA: Bitcoin Remains Idle as the Market Recovers Slightly

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 $1,130 trillion. Bitcoin is trading at virtually the same value as last week - $26,800. Ethereum stagnates after a largely uneventful period at around $1,800. XRP gained almost 10% in value this week to trade at around $0,46. Almost all altcoins are trading in the green, with only a few exceptions. The DeFi sector…

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WMA: Bitcoin Drops Below $27,000 as the Market Takes a Belly Flop

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 $1,125 trillion. Bitcoin is down by nearly 7% after an uneventful week. Ethereum decreased by over 5% over the past seven days. XRP lost almost 7% in value this week. Almost all altcoins are trading in the red, with virtually no exceptions. The DeFi sector dropped the total value of protocols (TVL) to around…

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WMA: Bitcoin Stagnates, Altcoins Bleed, and New Memecoin Pepe Surges by 300%

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 $1,192 trillion. Bitcoin is down by nearly 1% after an uneventful week. Ethereum increased by almost 1% over the past seven days. XRP lost more than 3% in value this week. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector maintains the total value of protocols (TVL) at…

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WMA: Bitcoin Regains $29,000 Amid Intense Market Volatility

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 $1,205 trillion. Bitcoin is up by nearly 6% after a rollercoaster of a week. Ethereum increased by almost 2% over the past seven days. XRP gained more than 2% in value this week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector increased the total value of protocols…

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Bitcoin Should be Banned in the United States: Charlie Munger

Berkshire Hathaway’s vice chairman, Charlie Munger, called for a ban on cryptocurrency in the United States on Monday, similar to the one in China.  In an op-ed published with the Wall Street Journal, Munger argued that Bitcoin isn’t a currency, commodity, or security, but simply a form of gambling “ with a nearly 100% edge for the house. As such, the enactment of a federal law should ban such things from happening. Munger cited the Chinese communist party’s ban on…

Doge Rises Amid Reports of Crypto Support on Twitter

According to a Financial Times report, CEO Elon Musk would like Twitter’s in-progress payment model to incorporate cryptocurrencies. Amid the mooted revelations, Musk’s favorite crypto Dogecoin experienced a notable surge in value. The token hit a daily high but retraced its steps soon after.  Elon Musk became Twitter owner and CEO on the 27th of October last year. Despite still being in the early days of the handover, Twitter has experienced a slew of makeovers in the last few months.…

Europol Seizes $19M From Under-fire Exchange Bitzlato

The European Union Agency for Law Enforcement Cooperation released a statement on Monday detailing its latest action against troubled exchange Bitzlato. Per the release, Europol is now in possession of digital wallets holding $19M worth of crypto which, Europol alleges the firm procured unlawfully. Europol's latest release also claims that about half of Bitzlato's transactions are tied to criminal activities. Agencies Join Forces to Target Bitzlato The strike on the crypto firm occurred via an operation in which Europol was…

Nexo Co-Founder Considers Suing Bulgaria for $1 Billion

Nexo co-founder Antoni Trenchev said his company may sue the Bulgarian government for $1 billion following a raid on Nexo’s offices earlier this month.  Trenchev claimed that the state’s actions were not only illegal, but caused significant harm to his company’s reputation.  Repairing a Damaged Reputation During an interview with Nova TV, Trenchev called claims that his company is involved in money laundering and terrorist financing operations ”absurd.”  "We, as an institution, monitor all incoming and outgoing transactions on our…

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WMA: Bitcoin and Altcoins Recover, OpenAI Increases Crypto Efforts

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 $1,136 trillion. Bitcoin has increased by over 1% this week. Ethereum is up by almost 2% after a largely uneventful period. XRP gained almost 3% in value this week. Almost all altcoins are trading in the green, with only a few exceptions. The DeFi sector increased the total value of protocols (TVL) to around…

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WMA: Bitcoin and Altcoins Recover, OpenAI Increases Crypto Efforts

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 $1,136 trillion. Bitcoin has increased by over 1% this week. Ethereum is up by almost 2% after a largely uneventful period. XRP gained almost 3% in value this week. Almost all altcoins are trading in the green, with only a few exceptions. The DeFi sector increased the total value of protocols (TVL) to around…

WMA: Bitcoin Remains Idle as the Market Recovers Slightly

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 $1,130 trillion. Bitcoin is trading at virtually the same value as last week - $26,800. Ethereum stagnates after a largely uneventful period at around $1,800. XRP gained almost 10% in value this week to trade at around $0,46. Almost all altcoins are trading in the green, with only a few exceptions. The DeFi sector…

WMA: Bitcoin Drops Below $27,000 as the Market Takes a Belly Flop

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 $1,125 trillion. Bitcoin is down by nearly 7% after an uneventful week. Ethereum decreased by over 5% over the past seven days. XRP lost almost 7% in value this week. Almost all altcoins are trading in the red, with virtually no exceptions. The DeFi sector dropped the total value of protocols (TVL) to around…

WMA: Bitcoin Stagnates, Altcoins Bleed, and New Memecoin Pepe Surges by 300%

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 $1,192 trillion. Bitcoin is down by nearly 1% after an uneventful week. Ethereum increased by almost 1% over the past seven days. XRP lost more than 3% in value this week. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector maintains the total value of protocols (TVL) at…

WMA: Bitcoin Regains $29,000 Amid Intense Market Volatility

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 $1,205 trillion. Bitcoin is up by nearly 6% after a rollercoaster of a week. Ethereum increased by almost 2% over the past seven days. XRP gained more than 2% in value this week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector increased the total value of protocols…

WMA: Bitcoin and the Altcoins Take a Dip as the Market Contracts

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 $1,164 trillion. Bitcoin is down by over 9% after a disappointing week. Ethereum decreased by almost 12% over the past seven days. XRP lost more than 12% in value this week. Almost all altcoins are trading in the red, with virtually no exception. The DeFi sector decreased the total value of protocols (TVL) to…

WMA: Bitcoin Tops $30,000, Ethereum and Altcoins Soar

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 $1,270 trillion. Bitcoin is up by over 8% after an unremarkable week. Ethereum increased by almost 14% over the past seven days. XRP gained more than 3% in value this week. Almost all altcoins are trading in the green, with a few exceptions. The DeFi sector increased the total value of protocols (TVL) to…

WMA: Bitcoin and Altcoins Stagnate as the Bulls Simmer Down

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 $1,173 trillion. Bitcoin is down by over 1% after an unremarkable week. Ethereum increased by almost 2% over the past seven days. XRP lost more than 4% in value this week. Almost all altcoins are trading in the red, with a few exceptions. The DeFi sector maintains the total value of protocols (TVL) at…

WMA: Bitcoin Retains $28,000, Altcoins Thrive, CFTC Sues Binance

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 $1,172 trillion. Bitcoin is up by over 1% after an eventful week. Ethereum increased by almost 2% over the past seven days. XRP gained more than 16% in value this week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector increased the total value of protocols (TVL) to…

WMA: The Crypto Market Withstands Banking Sector Storm

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 $1,165 trillion. Bitcoin is up by over 2% after a rollercoaster of a week. Ethereum decreased by almost 1% over the past seven days. XRP gained more than 15% in value this week. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector decreased the total value of protocols…

WMA: Bitcoin Up by 36% after the Fed Bailed Out Banks for $300B

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 $1,186 trillion. Bitcoin is up by over 36% after an exhilarating week. Ethereum increased by almost 20% over the past seven days. XRP gained more than 12% in value this week. Almost all altcoins are trading in the green, with virtually no exception. The DeFi sector increased the total value of protocols (TVL) to…

WMA: Bears Regain Control Over Crypto Market Amid SV Bank Collapse

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 $948 billion. Bitcoin is down by over 8% after a disappointing week. Ethereum decreased by almost 7% over the past seven days. XRP lost more than 4% in value this week. Almost all altcoins are trading in the red, with virtually no exception. The DeFi sector decreased the total value of protocols (TVL) to…

WMA: Bitcoin Drops Again and Altcoins Bleed as the SEC Targets BUSD

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 $1,028 trillion. Bitcoin is down by over 3% after a disappointing week. Ethereum decreased by almost 2% over the past seven days. XRP lost more than 1% in value this week. Almost all altcoins are trading in the red, with almost no exception. The DeFi sector decreased the total value of protocols (TVL) to…

WMA: Bitcoin Reverts to $23,000 as Market Undergoes Mild Correction

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 $1,060 trillion. Bitcoin is down by over 6% after a disappointing week. Ethereum decreased by almost 6% over the past seven days. XRP lost more than 5% in value this week. Almost all altcoins are trading in the red, with a few exceptions. The DeFi sector increased the total value of protocols (TVL) to…

WMA: Bitcoin Hits $25,000 as the Bulls Take Over the Crypto Market

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 $1,128 trillion. Bitcoin is up by over 13% after a highly successful week. Ethereum increased by almost 12% over the past seven days. XRP gained more than 3% in value this week. Almost all altcoins are trading in the green, with almost no exception. The DeFi sector decreased the total value of protocols (TVL)…

WMA: Market Takes a Dip After SEC Targets Crypto Staking Regulations

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 $1,018 trillion. Bitcoin is down by nearly 6% after intense seesawing this week. Ethereum decreased by almost 8% over the past seven days. XRP lost more than 5% in value this week. Almost all altcoins are trading in the red, with a few exceptions. The DeFi sector increased the total value of protocols (TVL)…

Sam Bankman-Fried May Now Contact FTX Employees — But There’s a Catch

Lawyers for FTX’s disgraced former boss, Sam Bankman-Fried (SBF), have reached an agreement with prosecutors allowing him to contact certain FTX employees. Besides certain restrictions, the 30-year-old may contact such parties through a host of new mediums. The New Rules Updated terms surrounding Bankman-Fried’s contact restrictions were sent to Lewis A. Kaplan – a judge for the Southern District of New York – in a letter on Monday.  Bankman-Fried’s lawyers said the updated conditions were a response to the government…

Turkey to Receive Crypto Aid Following Devastating Earthquakes

In the last 24 hours, several crypto businesses have stepped up with a promise to help Turkey after the nation suffered two ruinous earthquakes. These alongside numerous aftershocks have claimed over 1500 lives across Turkey and Syria. Parts of both regions have crumbled following the disaster meaning, not all the victims have been discovered yet. On Monday, February 6, Turkey's Kahramanmaras Province took a hit from a devastating 7.8 magnitude earthquake. A few hours later, it was followed by another…

Uniswap Centralized? A16z Flexes Voting Power to Crush Governance Proposal 

The popular decentralized exchange, Uniswap, is having one of its latest governance proposals stonewalled by the crypto venture capital giant Andreesen Horowitz (a16z).  The ongoing proposal vote, which ends on February 10, is currently 38% weighed against the change – almost entirely due to the software investor. So Much for Decentralization The proposal, tabled by 0xPlasma Labs on February 2, would have Uniswap v3 deployed to BNB chain. To enable the deployment, the proposal chose to use Wormhole – an…

World of Dypians Announces Whitelisting for Genesis Land NFTs at Knockdown Price

World of Dypians (WoD), the expanding metaverse from DYPIUS, announced that 1,000 Genesis Land NFTs are available for minting on the Ethereum blockchain. The whitelisting process ends on February 17 and gives users immediate access to one of the most promising metaverse projects and all its benefits. WoD Genesis Land is located in a prime area within the game, and a plot is available at a knockdown price of only $1,200 (0.73 ETH). These NFTs reward owners with early access…

WMA: Bitcoin Taps and Loses $24,000 as Memecoins Soar

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 $1,070 trillion. Bitcoin is down by nearly 2% after intense seesawing this week. Ethereum increased by almost 2% over the past seven days. XRP lost more than 1% in value this week. Almost all altcoins are trading in the red, with a few exceptions. The DeFi sector decreased the total value of protocols (TVL)…

Russia’s SberBank to Launch DeFi Platform in May

In a release on Friday, Russian news outlet Interfax shared updates regarding the nation’s largest bank, Sberbank’s forthcoming DeFi platform. Russia’s leading financial entity is reportedly making steady progress as it approaches its project’s launch date. According to Konstantin Klimenko, Product Director of the Blockchain Laboratory of Sberbank, open testing should kick off by March.  SberBank’s DeFi System to Replace its TradFi Systems At the moment, Sberbank’s platform is undergoing private beta testing. However, Klimenko set a tentative deadline for…

Silvergate Bank Hit With Fraud Probe Over FTX-Alameda Relationship

Crypto bank Silvergate is under investigation by the US Justice Department’s fraud unit for its dealings with FTX and its sister trading arm, Alameda Research.  The investigation is reviewing accounts concerning both businesses, which have been widely accused of engaging in a multi-billion dollar fraud using FTX customer funds.  What Happened at Silvergate? As reported by Bloomberg on Thursday, the La Jolla, California-based bank hasn’t been accused of any wrongdoing, and investigations could end without any charges being laid. However,…

Oxford Student Jailed After Stealing $2.4 Million Through Crypto Scam

Wybo Wiersma – a 40-year-old Oxford University graduate – has been sentenced to four and a half years in prison after scamming over $2 million in crypto from unsuspecting victims. Following his arrest in 2019, the Netherlands extradited the Dutchman back to the United Kingdom (UK) in 2021. Following a five-year investigation by the South East Regional Organised Crime Unit (SEROCU), he pled guilty on January 26 to the Oxford Crown Court.  A Five-Year Investigation As reported by the Daily…

Ethereum’s Zhejiang Staking Withdrawal Testnet for Shanghai is Live

At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…

Like FTX, Celsius Used QuickBooks to Handle its Accounting

An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks.  The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…