Crypto News Weekly Digest

Crypto News Weekly Digest
  1. This week the cryptocurrency market capitalization rose to $300 billion for the first time since February 2020. BTC, ETH, ADA, XMR, CRO show a positive growth dynamic.
  2. Since March, when it was below $5K, the Bitcoin (BTC) price has gone up 200%. This week BTC reached $11,400, but then it dropped down to $11,160. Almost 95% of the BTC supply bought it cheaper than $11 000, so now they are in profit.
  3. Ethereum celebrates their fifth anniversary. Built on top of the Ethereum blockchain, Ether cryptocurrency by the end of this week broke $340. Ether holders got more profit than bitcoin holders in total.
  4. The Iranian government allowed power plants to mine Bitcoin, but at the same time, they couldn’t use subsidized fuel.
  5. Chinese police arrested more than 100 people involved in the Plus Token scam. They attracted investors and nearly $6 billion in cryptocurrency promising fabulous dividends.
  6. Dubai announced a nationwide data platform based on blockchain. This system is used for exchanging customer data. More than 100 local companies have already joined the project.
  7. European blockchain project Elrond announced the launch of its mainnet with extremely high speeds of more than 260,000 transactions per second.

--

--

--

Simple. Secure. Anonymous.🐶 lumiwallet.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Chromia AMA Recap: Crypto Daku Robinhooders Community

Pakistan Begins Full-Scale Bitcoin Mining.

Private sale is the earliest opportunity to approach the project

Real-world Asset-based lending: a solution for managing risks in crypto investment

Dev Log #09 — CTF Farming, New Auctions, NFTL Staking, NFT Wallet

My View on Stablecoin: DAI & Maker — Part 1

TimeX lists Compound (COMP)

Crypto 101 — What is Bitcoin?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Lumi Blockchain Wallet

Lumi Blockchain Wallet

Simple. Secure. Anonymous.🐶 lumiwallet.com

More from Medium

About The Artist: Who is NFT Demon?

HOW NIGERIANS CAN EXPLORE NFT’S ON NEAR BLOCKCHAIN.

Back To Token Voting Governance pt. 1

Autonolas Community Update 003