Author: dfmines

The bullish trend in the cryptocurrency market is tolling a remarkable route in the month of August. For the first time since May, the industry is recording a total market cap that is almost $2 trillion. The data from CoinGecko, a crypto data aggregator, indicates that the total crypto market value crosses $1.9 trillion a few days ago. This was after the market hit the mark since May 18. Related Reading | Coinbase Removes USD Coin (USDC)” Backed By Dollar” Statement From July 19, the entire crypto market experienced a considerable surge that pushes the total market value to about $700 billion. Nevertheless, the market is yet to attain its all-time high as of May 11. The value shows a deficit of about $700 billion from its peak of $2.5 trillion. Other Cryptocurrency Assets Reacting To The New Market Trend In the recent recovery trend in the industry, prominent digital assets such as Bitcoin (BTC) and Ether (ETH) are not left out. As a result, these cryptocurrencies have explored their mid-May market cap levels again. As of Monday, Bitcoin records a market value of over $860 billion. CoinGecko reveals that it’s the first time since May 16 for BTC to hit such a limit. The cryptocurrency experienced a main sell-off earlier in the year. This was after Bitcoin became a $1 trillion asset. However, the sell-off triggered the plummeting of the market cap to $560 billion by July 20. The recent rebounce of the BTC price over $45,000 brought over a 53% increase to its market value. Similarly, the global second-largest digital asset by market cap, Ether, is not left out. The cryptocurrency accrued more gains in July since the bear market. The asset had almost an 81% increase from its July 20th value of  $204 billion to $369 billion. After an incredible last week, the crypto market has taken a slight dip | Source: Crypto Total Market Cap on TradingView.com On Thursday, the digital asset passed through a prominent network upgrade. The Ether price moved by 50% in response to the London hard fork. This displays investors’ anticipation of getting solutions to Ethereum’s high transaction fees through the upgrade. Though the crypto market experienced a recent positive turning, some key cryptocurrencies somersaulted in their market cap value. For instance, Binance USD (BUSD), a top-ranking stablecoin by market value after Tether (USDT) and USD Coin (USDC), had a drop.   Total cryptocurrency market cap 90-day chart As listed on Thursday, BUSD couldn’t make it among the top 10 most-valued digital assets. UNI, Uniswap’s governance token, dethroned BUSD from the list. This left BUSD as the 11th-largest cryptocurrency with a market cap of $12 billion. Related Reading | Lionel Messi To Get Paid In Crypto For Joining Paris Saint Germain Recall that this recent growth trend in crypto market value occurs after Elon Musk, the CEO of Tesla, revealed debt to Bitcoin. Musk mentioned on July 22 that SpaceX, his aerospace firm, is indebted to Bitcoin. Furthermore, he announced Tesla’s plan to recommence its acceptance of crypto payments for purchases. Musk explains that this decision was due to the remarkable drop in the percentage of fossil fuel used for Bitcoin mining. It alleged that the previous decision of the CEO in suspending BTC payment to his company was the main contributory factor to the May Bitcoin’s price crash. Featured image from Pixabay, chart from TradingView.com

“By harnessing the power of this new blockchain, we can ensure that our NFTs are limiting their impact,” said Terra Virtua co-founder and CTO Jawad Ashraf.

Yesterday's false claims and misinformation regarding IOTA This Reddit thread was posted yesterday, not only did the title alone violate 4 of Reddit's core principles, but the entire post was full of harassment, false claims, and misinformation. In this post I will thoroughly debunk yesterday's false claims and misinformation regarding IOTA.   Proof that post…
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Attendees of the Black Hat hacker conference in Las Vegas were introduced to a new advertisement crafted by the U.S. State Department. According to individuals who accessed the government advertisement via an open Wi-Fi network called “#Rewardsnotransoms” they discovered the U.S. government is offering to pay crypto rewards to individuals who give up information concerning […]

…Well let's just say that most transactions still cost a lot more than the old standard $6.95 per trade (from traditional finance, which was also outrageous but I digress lol). Maybe Ethereum doesn't want to be inexpensive? As the premium blockchain they have every right to make that choice. I don't judge them if it's…
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Swiss-based financial firm Leonteq have launched an investment suite of 18 crypto assets with an inherent focus on institutional investors throughout Germany and Austria.

I think that there is considerable number of people which are afraid to share unpopular thoughts and opinion in their comments, because they are afraid of heavy downvoting or scared of orchestrated downvoting squads. Of course you should follow the rules, be decent human being and be kind to the rest , but what if:…
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