The market capitalization of cryptocurrency is on the verge of falling below $1 trillion. The peak of the global market cap was witnessed on April 2022, with a $2.67 trillion measure. Further, post the downfall of the algorithmic stablecoin TerraUSD and its sister coin LUNA on May 2022, the market
Pawswap (PAW), a new token, is gathering steam on social media platforms, looking to attract cryptocurrency investors’ attention. The value of PAW has ramped up substantially because of the token’s rising popularity. According to CoinMarketCap, PAW was trading at $0.00000008047 and up 28.63% in the 24-hour day trade. Also, five
A copy of Multicoin Capital’s yearly investor letter revealed a 91.4% loss for the hedge fund in 2022. The fall was blamed in the letter on the tumultuous year for cryptocurrencies and the direct and indirect effects of the FTX crypto exchange’s closure. The letter stated: “While the fund successfully
On Saturday, the value of Lido’s LDO token dropped by 10% on speculation that the U.S. Securities and Exchange Commission (SEC) had issued a Wells Notice to the biggest Ethereum staking provider. Wells Notices are letters from the SEC outlining potential charges that might be filed against the receiver. After
The total number of Shiba Inu (SHIB) burnt during the previous 24 hours is over 43.19 million. And over 23 million of them come from a single trade. A total of 43,192,603 (43.19M) SHIB have been permanently withdrawn from circulation by the community. In a total of nine separate transactions
Binance, the biggest cryptocurrency exchange in the world, and Kuna, one of the largest in Ukraine, have both announced temporary bans of activities using bank cards denominated in Ukrainian hryvnia. Moreover, both exchanges validated the existence of the issues related to such trades. The trading platform stated in a Telegram
On March 3, Silvergate, a cryptocurrency bank, stated that it will be closing down its digital asset payment network. Citing a “risk-based decision” as the reason for the move. This action was taken after the bank’s shares dropped by 59% in the previous five days on worries that it would
Bybit, one of the leading cryptocurrency exchanges, said on Saturday that it has temporarily suspended bank transfers of US Dollars. The exchange blamed interruptions in service from its banking partner but did not specify which bank was at fault. Since Silvergate voiced worries about liquidity challenges and difficulty for operations
U.S. officials will provide former FTX founder Sam Bankman-Fried with a new phone and a laptop with enhanced security measures. As part of the new bail regulations, the mobile device must be a flip phone or “non-smartphone.” And internet access on the laptop must be restricted to just whitelisted sites.
The market capitalization of all meme tokens suffered serious damage as the prices of Bitcoin (BTC) and Ethereum (ETH) fell by almost 3 percent over the previous week. Yet the crypto whales were quick to purchase the drop, adding a combined total of billions of Shiba Inu Coins to their
