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WMA: Bitcoin Records Minor Increase, but Most Altcoins Are Bleeding

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 $2,120 trillion. Bitcoin is up by nearly 4% in comparison with last Sunday. Ethereum lost 2% in value over the week. XRP is down by roughly 4% after a troublesome week. Most altcoins, except Avalanche, have traded in the red for most of the week. The DeFi sector gained almost $1.4 billion from the…

$SHIB Spikes After Coinbase Listing and Elon Musk’s Cryptic Endorsement

Shiba Inu, the China-based meme coin, spiked more than 34% Friday after trading on Coinbase. Earlier this week, Coinbase announced it supports meme coin Shiba Inu for its customers. Because of this, the trade volume of the token increased, leading to a surge in its price. SHIB is presently the 47th largest crypto globally. It has a $3.4 billion market capitalization. Bitcoin is first, while Dogecoin comes in ninth. According to Coinmarketcap, the coin’s market cap spiked from over $2.2 billion to about…

Ark Investment Looks to Explore Cryptocurrencies More By Investing in Canadian EFTs

Cathie Wood's Ark Investment Management grants one of its funds permission to invest in Canadian Bitcoin EFTs. The platform is looking for new ways to invest in digital assets. Wood, a bitcoin supporter, has been buying up proxies for the digital asset in names such as Grayscale Bitcoin Trust and Coinbase. However, she is now focusing on owning the actual asset. More Opportunities for Ark Investment According to the SEC filing, Ark Investment will launch funds that offer investment in…

Treasury Keeps a Hawk’s Eye on Stablecoins as U.S Crypto Regulation Calls Continue

U.S. top regulators earmark Tether and its counterparts on allegations that they are too risky. The treasury's hands are also full since it is drafting recommendations for crypto regulation. According to anonymous sources, the treasury aims to secure crypto transactions. Stablecoins Pose a 'Big Risks' for The U.S. to Ignore As per Bloomberg, ensuring reliable and safe crypto transactions is the ultimate goal for the treasury. The regulators are also worried that the ever-rising sales on crypto-assets may disrupt the world's financial order. Cryptos…

How Can Google Help Mitigate Crypto Crime Cases

Cryptocurrency-related crimes have been around for quite some time. Perpetrators are coming up with new methods as blockchain technology advances. Since Google deals with internet-related services, it is perfect for solving crypto crimes. Inform Investors on Crypto Crimes As more people are getting into cryptocurrencies, scammers are revamping new ways to steal funds. Crypto criminals can steal their crypto through crypto-jacking. Cryptojacking happens when a crypto mining code gets into the target's computer through phishing tactics. Phishing attacks occur in the form…

SushiSwap’s Head 0xMaki Leaves Office, Warms up for an Advisory Position

0xMaki, a prominent individual in the crypto space, is vacating his leadership duties at SushiSwap. He intends to begin working as an advisor in the decentralized autonomous organization.  0xMaki’s Departure At the moment, the project lead doesn’t have any valid reason for stepping down. However, 0xMaki plans on making an official announcement on his decision soon. Several cases raise questions even as the protocol’s co-founder exits from leadership. In the early days, a particular user made a suggestion that Maki should receive 1.5…

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