Despite the recent consolidation in crypto assets, a top crypto strategist trader, Tyler Swope has tipped some pretty unknown crypto assets of likely doing very well, amid the recent price correction that seems to be pausing the bullish momentum.
Tag: Crypto entities
Moeing chain to provide the same benefits as ETH 2.0, an Eth Sidechain coming to Bitcoin Cash.
On March 2, 2021, the average fee on the Ethereum network costs around 0.0083 ETH in gas or around $12.89 per transaction. Transaction fees of this caliber have dampened Ethereum-based decentralized finance (defi) applications and Web3 platforms. On February 23, however, crypto proponents were introduced to an alternative solution called Moeing chain. The Moeing chain project aims to provide the same benefits as Ethereum 2.0 scaling solutions but with help from the Bitcoin Cash network.
OFFICIAL: $415 Million worth of XRP released.
The seventh most valuable crypto asset by market capitalization, XRP recently unlocked 1 billion XRP worth about $415 million, from an escrow account.
Bitcoin continues to dip-in-form from record high to hit lowest in 20 days
Bitcoin dropped 6.39% to $43,165.78 on Sunday, losing $2,944.20 from its previous close.
Bitcoin’s bloodbath leads crypto market drop by $120 billion
The bearish grip in the crypto market has led to heavy losses of crypto investors’ funds at the wrong side of the current trade, as roughly $120 billion worth of crypto assets evaporated into thin air within a day.
INFORMATIVE: A well detailed analysis of how $140bn in crypto market wiped off.
The crypto market recently lost much of its weekend’s stellar gains, as significant selling pressure pushed the value of crypto assets lower across the market spectrum, amid record sell-offs and sudden panic among retail and institutional traders.
RELIABLE SOURCE: Bill Gates chooses to remain neutral about crypto assets.
Bill Gates, popular tech billionaire and founder of the world’s most valuable software maker, Microsoft, recently revealed he is open-minded towards the world’s most popular crypto asset but does support the digitalization of fiat currencies as it would drive down the operational costs of managing paper money.
IMF Representative of Nigeria Calls for Cautions Use of Cryptocurrencies
The International Monetary Fund (IMF) resident representative for Nigeria, Ari Aisen recently discussed the Central Bank of Nigeria (CBN) directive that targets crypto entities. In remarks made during a special virtual press briefing, Aisen repeats some of the CBN’s claims that cryptocurrencies were being used “for illegal transactions such as money laundering and drug trafficking.”