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    Crypto Market: Highlights of the Week

    By Ammar Mukhtar

    May 19,2022

    10:09 AM UTC

    The week has been just fine for the crypto market. Following are the highlights:

    • Bitcoin (BTC) has shown a decrease from $37k to $29k. The total market cap has dropped by almost 3.69% in the past 24 hours. At the time of writing, BTC is being traded at the price of $20.1k. The price has increased by almost 7.5% in the past one week with the bullish momentum starting from $26k.
    • Ethereum (ETH) has shown the same movement and is following Bitcoin (BTC). In the past 24 hours, the price has decreased by almost 4.69% and is being traded at almost $1,958.
    • The Group of Seven (G7) political gathering, which includes Canada, France, Germany, Italy, Japan, the UK, and the United States, will probably talk about crypto guidelines at a gathering of financial bosses in Germany this week
    • Web3 social graph Lens Protocol by Aave (AAVE), went live on the Polygon (MATIC) blockchain today.
    • Terraform Labs, the backer of the Terra (LUNA) token, has conceded that “few” its representatives had left the organization in about a couple of days – following reports that its boss legitimate counsel, and two other lawful colleagues had left the organization after the new issues encompassing it and the ensuing aftermath.
    • The wallet Ledger is adding a program augmentation for the Safari internet browser called Ledger Connect that will permit clients of Ledger equipment wallets to interface with Web3 applications without the requirement for outsider conditions.
    • Exchanging firm Robinhood intends to carry out a Web3 Wallet and in some cases, it will have no transaction fees.
    • Hong Kong police have captured two men over destructive incidents at the workplaces of crypto exchanging organization One Satoshi, which were sprinkled with red paint, and the glasses were broken
    • Blockchain trading company Fortis Digital Ventures launched a cryptocurrency fund with an altcoin center that expects to bridge any gap between conventional and decentralized finance. The fund expects clients to have basically a USD 2.5m total assets to contribute.
    • Polygon and decentralized finance are launching another accelerator program. All members will be expected to expand on Polygon, however, the individuals who utilize the foundation of layer 3 blockchain framework project Orbs will be dependent upon exceptional thought, they added.

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