The global cryptocurrency market is constantly maintaining a gloomy trend in recent days. Despite the current market conditions, the leading cryptocurrencies are experiencing an unstable price momentum, with their values fluctuating. However, the top coins have seen a slight increase in the last 24 hours. According to CoinMarketCap (CMC), the market’s
Brazil’s President Jair Bolsonaro approved a crypto regulatory bill recently passed by the country’s Chamber of Deputies and Senate on Thursday. The bill will not permit the use cryptocurrencies like Bitcoin. Recently signed legislation includes numerous digital currencies as authorized payment methods. The new law establishes a crime of fraud involving
Despite the current crypto market conditions, Decentralized finance (DeFi) still proved its higher scaling potential than the traditional financial industry. Some segments of the DeFi industry continue to “display a positive trend,” while the overall value locked fell from its peak of $180 billion in December 2021 to around $50
Bitcoin (BTC), the dominant cryptocurrency in the global crypto market, typically lags significant stock market bottoms. According to Delphi Digital, a digital assets research platform, Bitcoin tends to bottom out at least six weeks before the Standard & Poor’s 500 Index (S&P 500 Index), a stock market index tracker. According
CoinSwitch, an Indian crypto app has released a report, detailing the nuances of the crypto activities in the nation. “India’s Portfolio 2022” is an encyclopedic record of the people and region regarding crypto and other virtual Defi assets. CoinSwitch tweeted: Which Indian city leads crypto adoption?Which cryptos does India love
Let’s take a look at the top 3 cryptocurrency gainers of the past 24 hours. Helium (HNT) Helium (HNT) is the native utility token of Helium, a blockchain-powered network for the Internet of Things (IoT) devices. The HNT acts as a medium of trade between the Helium ecosystem’s two key
Coinbase said on Wednesday that it has received a Virtual Asset Service Provider license from the Central Bank of Ireland. With an eye on serving customers all around Europe and beyond, Coinbase plans to establish a European hub in Ireland. Coinbase has also appointed Cormac Dinan to the position of
The Democratic Senate Majority PAC plans to return $3 million in contributions from the management of the defunct cryptocurrency exchange FTX due to the negative publicity surrounding the firm. Ex-FTX engineering chief Nishad Singh gave $2 million, while former CEO Sam Bankman-Fried (SBF) gave $1 million. According to CNBC, a
Numerous companies operating in various subsets of the cryptocurrency industry have failed this year. Multiple well-known businesses, including blockchain development firms, crypto lending platforms, and leading exchanges are feeling the heat. It has been reported that Core Scientific, formerly the leading Bitcoin mining firm, is now on a downward spiral.
Decentralized (DEX) crypto exchange Uniswap has collaborated with financial firm Moonpay to create a bridge between DeFi and traditional currencies. According to the cryptocurrency exchange, the partnership enables Uniswap users to buy digital assets using a bank account or supported credit or debit card. Fiat currency Entered into Uniswap Uniswap
