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- The Crypto Market is Now Larger Than the Value of Amazon & Visa Combined
The Crypto Market is Now Larger Than the Value of Amazon & Visa Combined
CoinMarketCap Hosts Award Show; Crypto Surpasses Amazon in Value; Brave Browser Integrates With Solana, No Exchanges Needed
Dive into the exciting world of cryptocurrencies and the technologies influencing our digital future, from price action updates to the most exciting headlines.
In this week's edition, we get ready for CoinMarketCap's first-ever award show! Who will be crowned the leaders of crypto and Web3? And a monumental shift for digital currencies as crypto's total market cap has now surpassed Amazon's value. Plus, Brave Browser introduces direct Solana swaps, enabling users to bypass traditional crypto exchanges making it easier for people to use Web platforms.
Top 10 Cryptocurrencies Prices by Value
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Who Will Take Home the Glory at CoinMarketCap's First-Ever Award Show?
CoinMarketCap announces its first-ever CMC Crypto Awards to honor leading figures, innovations, and projects within the crypto and Web3 sectors. Nominees will be announced on the CoinMarketCaps site and social media channels, with the winners announced March 3rd on YouTube. The awards span eight categories: Crypto of the Year, Most Innovative DeFi Project, and Crypto Leader of the Year. Some nominees include Ripple, Solana, Ethereum, and key figures like Changpeng Zhao and Vitalik Buterin.
Community voting will play a part in determining winners, alongside CoinMarketCap data and an expert committee. The CMC Crypto Awards aims to celebrate significant achievements and innovations, acting as the "Oscars of Crypto." This event also highlights CoinMarketCap's commitment to the crypto community and its role in the industry. Partnerships with major industry players like BingX and Binance underscore the event's significance, showcasing the advancements and contributions of nominees to the crypto space.
🌐👉 For the complete list of nominees and how to vote for your favorites, check out the full article [HERE].
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The Crypto Market is Now Larger Than the Value of Amazon!
The total value of all cryptocurrencies has shot back up over $2 trillion for the first time since April 2022. Analysts suspect people feel good about the crypto market after the SEC approved 11 Bitcoin ETFs this year. This has kicked Bitcoin's price above $57,000, a level not seen since November 2021. Cryptocurrencies like Ether, Solana, and Dogecoin have also soared in price. This overall jump in the value of the crypto ecosystem shows how more people and big investors are getting into crypto, making the whole industry more mainstream.
Analysts and the crypto community are optimistic as the market cap exceeds $2 trillion. Despite the excitement, there's caution about potential volatility according to the Fear & Greed Index. This is a tool measuring investor confidence, which ranges from ‘fear’, market pessimism, to ‘greed’, market over-enthusiasm. Currently, the index indicates "extreme greed," suggesting high investor enthusiasm but also signaling the possibility of market fluctuations.
🌐👉 To learn more about how buying Bitcoin ETFs impacts the price of Bitcoin itself, read the full article [HERE].
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Brave Browser Can Now Bypass the Crypto Exchanges With Direct Solana Swaps
Brave, the privacy-focused web browser, is stepping up its game by letting people use its digital currency BAT directly with Solana wallets, ditching the need for traditional crypto exchanges. This is big because Solana's network is quicker and cheaper than Ethereum platforms, making it easier for users to earn and spend their BAT on Web3 applications. Since its inception in 2016, Brave has garnered acclaim for keeping one’s web activity private and rewarding users for viewing ads with BAT tokens. Previously, users had to go through a specific platform to move their BAT to other networks, but with the Solana integration, people can do it all directly in Brave, making everything smoother and more in your control.
This integration with Brave Wallets and the Solana network makes the technical part of digital currencies and Web3 more accessible to everyone, not just the experts. Brave's not just stopping with Solana; they're open to adding more blockchains.
🌐👉 For more details on Brave’s new features or how to directly transfer BAT tokens to a self-custody Solana wallet, read the full article [HERE].
More Headlines to Know:
Worldwide Blockchain:
South Africa Advances Financial Inclusion With Crypto and Digital Payment Reforms
UK Plans to Recognize Cryptocurrencies as Property for Legal Protection
Crypto.com Pairs Up With Latin America’s Biggest Investment Bank in Stablecoin Push
Crypto Users in Nigeria Briefly Lose Access to Binance, Kraken and Coinbase
The Editor's Insights
An Op-ed on a few articles that caught my eye this week.
Who is Satoshi Nakamoto?
It's been almost two years since crypto has seen such excitement. Companies are using Blockchain to streamline their operations. Platforms are incentivizing people to use their services by rewarding them in crypto. And Bitcoin is back in the CNBC and Bloomberg news cycles. Bitcoin's recent surge above $57,000 has sparked a wave of optimism, pushing the entire crypto industry above the $2 trillion mark. The last time that happened Kim Kardashian and Pete Davidson were together... remember that? This rally, driven mainly by the SEC's approval of 11 Bitcoin ETFs, has led analysts to predict Bitcoin could reach up to $250,000 by the end of 2024.
Amidst this financial excitement, an even bigger mystery is brewing. The enigmatic identity of Bitcoin's creator, Satoshi Nakamoto, remains a topic of intense speculation and intrigue. Emails recently surfaced from Satoshi's earliest collaborator in 2009, Martti Malmi, which fueled discussions of Satoshi's identity but offered no definitive clues. This mystery deepens as social media buzzes with theories about Satoshi's real identity, with some suggesting that if the pseudonymous creator were to be identified, they could potentially be wealthier than Elon Musk. How can we tell? The original wallet Satoshi used to launch the world's largest crypto has an estimated holding of over 1 million Bitcoins. Whether the creator of Bitcoin is a former data Scientist or government informant, it is fair to say Satoshi Nakamoto's work has certainly impacted my life and it will change many lives to come.