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 $1,48 trillion. Bitcoin increased by nearly 5% to reach around $40,000. Ethereum is up by almost 4% to cement its price above $2,100. XRP lost almost 1% in value this week. Almost all altcoins are trading in the green, with some exceptions. The DeFi sector increased the total value of protocols (TVL) to around…
Purchasing Crypto
Taiwan Looks to Ban Purchasing Crypto Using Credit Cards
Taiwan is planning to prohibit buying cryptocurrencies with credit cards. Local media outlet Economic Daily reported on July 21, noting that the Financial Supervisory Commission (FSC) is behind these efforts. Reportedly, the regulator sent the Taiwan Association of Banks a letter earlier this month, warning the body about the speculative and risky nature of cryptos. According to the FSC letter, the cash flow in crypto is complex because it is difficult to monitor transactions. To this end, the regulator asked…
1 year ago 
1.4 k views
UK Post Office Offers Crypto Purchase through EasyID from Next Week
The U.K.'s Post Office is offering a route for customers to purchase volatile cryptocurrencies. Soon users can buy crypto through its identity-verification service, EasyID. Through the verification app, customers of the EasyID app can purchase crypto vouchers from the decentralized exchange (DEX) Swarm Markets. Users verifying their identity through the app receive access Swarm's official website. Additionally, they can acquire cryptocurrency vouchers using their phones. Users can redeem vouchers for cryptos like Bitcoin and Ethereum on the Swarm platform. EasyID…
2 years ago 1.2 k views
