Crypto market livens up as MicroStrategy says it wants more BitcoinThe global crypto market cap is $2.17 trillion with a 24-hour volume of $143.38 billion. The price of Bitcoin is $56,329.15 and the BTC dominance is at 48.7%.
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by Liam Frost Prices of Bitcoin (BTC) and other major cryptocurrencies swiftly began to pick up steam today after a week of uncertainty, potentially boosted by MicroStrategy announcing its plans to continue buying BTC. According to crypto metrics platform CoinGecko, Bitcoin is currently trading at over $57,000, up roughly 7% on the day. Ethereum (ETH), the second-largest crypto by its market capitalization, fares slightly worse—the token hovers in a price corridor around $2,745, although still up 13.4% over the week. Meanwhile, Binance Coin (BNB) has entrenched above $600 for the time being, up 2.8% on the day and 18.6% on the week. Ripple’s XRP, despite the ongoing legal battle with the Securities and Exchange Commission, similarly surged in price by roughly 17% today and reached up to $1.65. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬Bitcoin miners in China receive ’emergency notice’ amidst energy concernsThe Beijing Municipal Bureau of Economy and Information Technology has begun sending out “emergency notices” to local data centers, urging their operators to report whether they are involved in cryptocurrency mining, Reuters reported yesterday. Crypto converts JPMorgan, DBS, Temasek pivot to blockchain for interbank remittancesAmerican investment bank JPMorgan has teamed up with Singaporean DBS Bank and holding company Temasek to develop a blockchain-based interbank remittance system, dubbed Patrior, that aims to soothe some of the most common “pain points” in the sector. Polkadot and Kusama parachains are getting their own crowdloan marketplaceDecentralized swap marketplace Bounce Finance would become the first marketplace to host Polkadot (DOT) and Kusama (KSM) parachain auctions, it said in a release today. Popular ‘90s snack Dunkaroos are back…as Ethereum NFTsAmerican food company General Mills has released its first nonfungible tokens (NFTs) with Dunkaroos, as per a tweet earlier this week. Ali Raheman, founder of Autonio, on building an algorithmic trading communityCryptoSlate recently had the opportunity to chat with Ali Raheman, Founder of Autonio, an algorithmic trading platform that also develops solutions that enhance DeFi liquidity. Ali has a Bachelor of Medicine and a Bachelor of Surgery (MBBS) from Xi’an Jiaotong University, China alongside his work as Founder of Autonio. This small Caribbean island fully embraces Bitcoin in absence of banksBequia, a small island in the Caribbean just 18 square kilometers in size, is primed to become the world’s first fully Bitcoin-enabled community, Euronews reported earlier this week. Strong on-chain metrics suggest further upside for Binance Coin (BNB)Binance Coin (BNB) has strengthened its market capitalization to position itself as one of the world’s largest cryptocurrencies. American university appropriates $4 million for staking 3 cryptocurrenciesThe University of Wyoming, one of the oldest and largest schools in the state of Wyoming, United States, has appropriated over $4 million towards staking ‘no less than’ three cryptocurrencies, an official document showed. Cardano Africa Special reveals second major partnership, this time with TanzaniaThe East African country of Tanzania will partner with Cardano’s parent company IOG to facilitate mobile internet connectivity, digital identity, and financial empowerment to rural communities in the country. Talking Bitcoin, ICOs, and Ethereum DeFi with ‘The Defiant’ founder Camilla Russo
Few individuals make the career switch from a “steady” mainstream financial news publication to writing a book on the “risky” crypto space. We’re talking about Camilla Russo, the rockstar author behind cult favorite “The Infinite Machine”—an account of Ethereum’s “past, present, and likely future.” Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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Crypto market livens up as MicroStrategy says it wants more Bitcoin