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)…
Western Union
Bitcoin And Other Cryptos Won’t Last, Says Bank Of England Governor
The rise of Bitcoin and cryptocurrencies in the past decade has revolutionized the finance sector. However, key regulators continue to doubt the long-lasting effects of cryptocurrencies in mainstream finance. This opinion is reiterated by the Bank of England Governor Andrew Bailey. Cryptocurrency Models Cannot Stand the Test of Time Bailey made these statements at the Davos Agenda, a summit for top financial stakeholders sponsored by the World Economic Forum. The bank chief stated that he does not believe that cryptocurrencies'…
2 years ago 
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Crypto May Shine As Western Union Shuts Down Services in Cuba
Last week, Western Union, the world's largest money transfer service, announced it would be suspending its U.S. dollar transfer service to Cuba following the Trump Administration's latest sanctions. Fresh reports today revealed that the remittance giant has finally closed its 407 locations across Cuba after more than 20 years of operation. This means U.S. customers can no longer send money to Cuba, and Cuban users will no longer receive funds. According to Reuters, the remittance market is Cuba's third-largest revenue…
2 years ago 395 views
