Latest News

A report of a current event, knowledge, information.

News Image
Feb 04,2023

Today cryptocurrency price: Bitcoin and Ethereum remain stable; ETHW emerges as the top gainer

On Friday, Bitcoin (BTC) and Ethereum (ETH), two of the most popular crypto coins, managed to stay stable in the $23,000 and $1,600 ranges, respectively. Other popular altcoins, such as Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP), also fell into the reds. With a 24-hour gain of more than 17 percent, the EthereumPoW (ETHW) token emerged as the top gainer. Synthetix (SNX), on the other hand, was the biggest loser, falling more than 7% in a 24-hour period. At the time of writing, the global crypto market cap was $1.08 trillion, representing a 1.29 percent loss in a 24-hour period. Bitcoin (BTC) price todayAccording to CoinMarketCap, the price of bitcoin was $23,533.16, a 1.43 percent loss in a 24-hour period. According to the Indian exchange WazirX, the price of Bitcoin was Rs 19.75 lakhs. Ethereum (ETH) price todayAt the time of writing, the price of Ethereum was $1,643.12, representing a 1.72 percent 24-hour drop. According to WazirX, the price of Ethereum in India is Rs 1.37 lakhs. Dogecoin (DOGE) price todayDOGE has lost 2.77 percent in the last 24 hours, according to CoinMarketCap data, and is currently trading at $0.09141. According to WazirX, the Dogecoin price in India is Rs 7.67. Litecoin (LTC) price todayLitecoin fell 1.92 percent in a 24-hour period. It was trading at $98.94 at the time of writing. In India, the price of LTC was Rs 8,230.01. Ripple (XRP) price todayThe price of XRP was $0.4111 after a 0.45 percent drop in the previous 24 hours. According to WazirX, the current price of Ripple is Rs 33.87. Solana (SOL) price todaySolana price was $24.33, representing a 3.80 percent loss in a 24-hour period. According to WazirX, the SOL price in India is Rs 2,058.39.
Read More
News Image
Feb 03,2023

Over $3.8 billion will be stolen in cryptocurrency hacks in 2022

In 2022, the global crypto market reported a loss of more than $3.8 billion due to crypto hacking and related thefts by hackers. Chainalysis, a US-based blockchain analytics firm, published a report claiming that 2022 will be the biggest year ever for crypto hacking worldwide. It went on to say that North Korean-linked hackers drove much of last year crypto hacking activity, smashing their own yearly record for cryptocurrency theft. According to Reuters, North Korean-related accounts have been valued at a loss of millions of dollars. However, this did not stop the country hackers from stealing an estimated $1.7 billion in several hacks in 2022. According to the Chainalysis report, Korean hackers "stole an estimated $1.7 billion in cryptocurrency across multiple hacks attributed to them." North Korea-linked hackers, such as those in the cybercriminal syndicate Lazarus Group, have been the most prolific cryptocurrency hackers in recent years, according to the report. Many experts believe that the stolen cryptocurrencies and money are being used by the North Korean government to "fund its nuclear weapons programmes." Last year, US authorities seized approximately $30 million in stolen funds from North Korean hackers. Chainalysis stated that crypto hacking will become more difficult and less fruitful with each passing year. The last year saw a "ebb and flow" of cryptocurrency hacking activity. However, massive increases in crypto hacking theft were reported in March and October. Approximately $775.7 million was stolen in 32 separate attacks during the month of October, while $732.4 million was stolen in March. In terms of crypto thefts, November 2022 ranked third with $531.9 million. Since 2021, decentralised finance (DeFi) protocols have been the primary target of crypto hackers. This will only get worse in 2022. According to Chainalysis, DeFi protocols were the target of 82.1 percent of all cryptocurrency thefts committed by hackers. This is up from 73.3 percent in 2021. According to the report, cross-chain bridge protocols accounted for 64% of the $3.1 billion in stolen crypto from DeFi. Cross-chain bridge protocols allow users to transfer their cryptocurrency from one blockchain to another. North Korean hackers stole approximately $1.1 billion in DeFi protocol hacks. Many of the stolen assets are sent to other DeFi protocols that are not listed on centralised exchanges by these hackers. They do this in order to convert or swap their stolen assets for more liquid assets. According to Chainalysis, last year was one of the worst years for cryptocurrency in terms of illegal transactions totaling more than $20.1 billion.
Read More
News Image
Jan 31,2023

Today cryptocurrency price: Bitcoin falls below $23,000, while top coins fall into the red

Bitcoin (BTC), the world oldest and most popular cryptocurrency, fell below $23,000 early Tuesday morning. Ethereum (ETH), on the other hand, has remained stable around $1,500. Other popular altcoins, such as Dogecoin (DOGE), Litecoin (LTC), Ripple (XRP), and Solana (SOL), were mostly in the reds. With a 24-hour gain of more than 11%, the MINA token remained the top gainer. BitDAO (BIT) was the biggest loser, falling more than 17% in a 24-hour period. At the time of writing, the global crypto market cap was $1.04 trillion, a 3.25 percent drop in a 24-hour period. Bitcoin price todayAccording to CoinMarketCap, the price of bitcoin was $22,859.43 after a 3.69 percent drop in the previous 24 hours. BTC was trading at Rs 19.51 lakhs on the Indian exchange WazirX. Ethereum price todayAt the time of writing, the price of ETH was $1,568.30, representing a 4.34 percent 24-hour loss. According to WazirX, the current price of Ethereum in India is Rs 1.34 lakhs. Dogecoin price todayAccording to CoinMarketCap data, DOGE gained 1.91 percent in a 24-hour period and is currently trading at $0.09127. According to WazirX, the Dogecoin price in India is Rs 7.70. Litecoin price todayLitecoin gained 0.79 percent in a 24-hour period. It was trading at $95.79 at the time of writing. In India, the price of LTC was Rs 7,650.01. Ripple price todayThe price of XRP was $0.3923 after a 5.28 percent drop in the previous 24 hours. Ripple current price is Rs 33.48, according to WazirX. Solana price todaySolana was trading at $24.02, down 5.73 percent in 24 hours. According to WazirX, the SOL price in India was Rs 2,050.18.
Read More
News Image
Jan 27,2023

How much of FTX debt has so far been recovered?

FTX declared Chapter 11 bankruptcy after failing to meet customer withdrawal requests. SBF was later charged by the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the US Department of Justice for his involvement in the entire saga (DOJ). Since then, the crypto community has been waiting for a decision in the case. The FTX collapse was one of the most shocking events in cryptocurrency history. FTX, founded by ex-CEO Samuel Bankman-Fried (SBF), was the world second-largest centralised cryptocurrency exchange, handling user funds worth billions of dollars. SBF was later charged by the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the US Department of Justice for his involvement in the entire saga (DOJ). Since then, the cryptocommuniFTX exchange has filed for Chapter 11 bankruptcy after failing to meet customer withdrawal requests. SBF was later charged by the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the US Department of Justice for his involvement in the entire saga (DOJ). Since then, the crypto community has been waiting for a decision in the case. Ty has been waiting for the case outcome with bated breath. At the same time, hundreds of thousands of investors are closely following the court proceedings, wondering if they will ever see their money again. Fortunately, prosecutors on the case and FTX restructuring team were able to seize/recover a substantial amount of funds associated with the exchange and its founder, SBF. Here a look at some of the seized/recovered funds and what they mean for ill-fated crypto exchange investors. Robinhood shares seized Federal prosecutors revealed that they seized more than $698 million in funds linked to FTX founder Sam Bankman-Fried between January 1 and January 20. These findings were made public as part of a court filing submitted by US Attorney Damian Williams on January 20. The majority of the seized funds were made up of Robinhood stock; 55.3 million shares in total, worth approximately $525 million at current prices. These shares were held by Emergent Fidelity Technologies, an Antigua-based shell company founded by SBF and FTX co-founder Gary Wang. Prosecutors also seized $100 million and $50 million in accounts held by Silvergate Bank and Farmington State Bank, respectively. These accounts allegedly belonged to FTX Digital Markets, FTX Bahamas-based subsidiary. The restructuring team recovers $5.5 billion Another encouraging development was the announcement by FTX restructuring team that they were able to recover $5.5 billion in cash, crypto holdings, and other assets. These details were revealed by FTX lead attorney Adam Landis during a court hearing in Delaware on January 11. Almost $3.5 billion of the recovered funds, according to Landis, were crypto assets, including $268 million in BTC, $245 million in stablecoins, and $42 million in Dogecoin. The lawyers also stated that $1.2 billion in FTX crypto assets were held at other cryptocurrency exchanges. According to the restructuring team, these crypto assets can be easily converted to cash. However, the size of the holdings was so large that if sold on the open market, they could have an impact on prices. FTX is given the green light to divest regional operations and other subsidiaries On January 13, a judge overseeing the FTX proceedings granted permission to the restructuring team to sell some of its subsidiaries and regional arms. FTX Japan and FTX Europe are among them, as are the equities trading platform Embed Technologies and the derivatives exchange LedgerX LLC. The court appointed Perella Weinberg, an investment bank, to oversee the sale process. It also set bid deadlines for Embed, LedgerX, and the other two FTX arms of January 18, January 25, and February 1, respectively. Perella, according to Kevin Cofsky, a partner, had received bids from nearly 120 interested parties. The sale of these assets is expected to bring a sizable sum of money back into FTX coffers. Will it, however, be sufficient to cover customer debt? According to estimates, over nine million FTX customers owe between $1 billion and $10 billion in total. If these estimates are correct, the recovered/seized amounts do not even come close to the total amount owed. However, it has only been a few months since FTX declared bankruptcy. As a result, there is always the possibility of additional recoveries in the months ahead. Furthermore, the sale of FTX subsidiaries and regional arms could generate significant funds. However, it is unknown how much money the sales will generate. The only certainty is that FTX debtors will have to wait several years before any funds are returned. We can only wait and watch until then.
Read More
News Image
Jan 25,2023

After cash, cryptocurrency is the second most widely held financial asset by women

Cryptocurrency has emerged as a sector that has begun to attract investments from a large group of female investors from all over the world. According to a new report from eToro, cryptocurrency is the second most widely held financial asset by women, trailing only cash. Women crypto holdings increased from 29 percent to 34 percent in the last two quarters of 2022 — between July and December. During the same time period, male crypto investments increased by 1%. As part of its Retail Investor Beat survey, the Israeli online brokerage platform recruited 10,000 participants from thirteen different countries. "Crypto is succeeding where traditional financial markets have sometimes failed," according to CoinTelegraph, citing an eToro report. The increased participation of women in the crypto sector has recently been highlighted and acknowledged by Indian exchanges CoinSwitch Kuber and WazirX. According to CoinSwitch, women users from India accounted for 8% of total transactions last year. According to WazirX findings, Indian women prefer blue chip tokens, which are perceived to have higher long-term value and better liquidity. Despite the fact that cryptocurrencies have not been in the best of health in recent months, the sector has seen a significant number of new entrants. Despite the industry major turbulence, overall crypto holdings increased from 36% to 39% last year on a quarter-by-quarter basis. Retail investors, like women investors, are flocking to the crypto bandwagon. Retail investors aged 35 to 54 increased their crypto holdings by 10% last year. In the case of eToro, it acquired options trading platform Gatsby in August in order to expand its presence and crypto services in the United States. The transaction was completed for $50 million (approximately Rs. 400 crore) in cash and common stock. eToro, headquartered in Tel Aviv, Israel, began in 2007 as a fintech firm before shifting its focus to the crypto sphere as its business evolved.
Read More
News Image
Jan 24,2023

Bitcoin falls below $22,800; crypto market cap surpasses $1 trillionToday crypto price: Bitcoin falls below $22,800; crypto market cap surpasses $1 trillion

On Monday, the cryptocurrency market was mixed, with gains for Dogecoin, Ethereum, and Cardano outweighing losses for Bitcoin, Solana, and Litecoin. Bitcoin fell 0.61% and remained below $22,800, while Ethereum remained comfortably above $1,600. BTC volume in the last 24 hours was approximately $23.78 billion, a decrease of 27.58%. The cryptocurrency market had an exciting weekend, with BTC breaking through the $23,000 barrier for the first time in 5 months. Institutional investors are increasing their holdings of BTC in anticipation of the next bull run, which is driving demand. This month, Bitcoin has risen by more than 36%, creating an extremely bullish sentiment surrounding the world largest digital asset. The upcoming Fed meeting next month may be the next watershed moment in the cryptocurrency market According to Shivam Thakral, CEO of BuyUcoin. The global cryptocurrency market capitalization was trading around $1.04 trillion, up 0.32% in the last 24 hours. The total volume in DeFi is currently $5.14 billion, accounting for 9.88% of the total 24-hour volume in the crypto market. The total volume of all stablecoins is now $45.82 billion, accounting for 88.06% of the total 24-hour volume of the crypto market. According to CoinMarketCap, the market cap of Bitcoin, the world largest cryptocurrency, was hovering around $438 billion, with a dominance of about 41.96%, a 0.37% decrease over the day. BTC rose above $22,900, recovering from a recent drop toward $20,000. BTC, on the other hand, is currently trading at $22,722, a slight decrease. The current support level is $22,700, and the resistance level is $22,900. If Bitcoin maintains its current momentum, it could reach $23,000. Bitcoin Price $22,740 -0.57% Ethereum Price $1,633 0.36% Tether Price $1 -0.01% USD Coin Price $0.999 -0.01% BNB Price $305.25 1.09% XRP Price $0.4069 0.12% Dogecoin Price $0.08994 5.2% Cardano Price $0.3719 1.06% Polygon Price $1 1.19% Polkadot Price $6.30 0.66% Tron Price $0.06183 0.69% Litecoin Price $88.16 0.76% Shiba Inu Price $0.00001209 0.18% Solana Price $24.57 -2.46% Note: Price change in last 24 hours
Read More
News Image
Jan 20,2023

As the price soars ahead of the halving event, Litecoin hashrate reaches a new record high

The hashrate of Litecoin ($LTC), a cryptocurrency commonly referred to as the silver to Bitcoin gold, recently reached a new all-time high as its price continues to rise in anticipation of its impending halving event. CryptoCompare stats show that Litecoin hashrate has reached a new record high of about 680 TH/s. Like Bitcoin, Litecoin employs a Proof-of-Work (PoW) consensus algorithm. In order to add new blocks to the blockchain and receive rewards, the system pits miners against one another in a race to solve challenging mathematical puzzles. A fixed amount of coins are awarded to the miner who solves the problem first in this process of problem solving, which is known as mining. The amount of hashes (mathematical puzzles) that can be solved in a certain amount of time is known as the hashrate. A greater hashrate indicates that more miners are engaged in the mining process and that the network is more secure. Additionally, a greater hashrate makes it more challenging for malicious users to control the network. A short time after LTC price increased by almost 50% over the previous three months to trade above $80 per coin, the network hashrate increased. Litecoin experiences halving events, where the coinbase reward for miners that discover blocks on the network is halved, similar to how BTC does. The next Litecoin halving event, which will cut mining payouts from 12.5 LTC to 6.25 LTC, is anticipated to take place in August 2023. Events that reduce new supply on the market by half are considered bullish since they do so. Litecoin price may increase months after its halving event, according to historical data, to the point where it reaches a new all-time high next year, as CryptoGlobe reported. But right after the halving, the cryptocurrency can experience a decline. Rekt Capital, a well-known cryptocurrency analyst, found that Litecoin trends to rise pretty substantially before its halving, climbing 820% after hitting rock bottom 122 days before its first halving and 550% after bottoming out 243 days before its second halving. In the past, the coin experienced greater gains following a halving occurrence. LTC experienced a 12,400% increase after its first halving and a 1,573% increase after its second halving. Late last year, after more than two weeks of accumulation by huge addresses holding between 1,000 and 100,000 LTC, the price of Litecoin increased while outperforming the market. It is crucial to note that analysts views on the subject differ, and it is not certain how halving events will affect a cryptocurrency price. A cryptocurrencies performance in the past does not guarantee its performance in the future.
Read More
News Image
Jan 19,2023

Today cryptocurrency price: Bitcoin Drops Below $21,000 As Most Other Cryptocurrencies Finish In The Red

The oldest cryptocurrency in the world, Bitcoin (BTC), lost its bullish run as it fell below the $21,000 level following days of advances. The value of the entire cryptocurrency market fell from $999 billion yesterday to over $969 billion today. Other well-known altcoins, including as Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP), all finished in the red. While Rocket Pool (RPL) was the leading loser with a 24-hour decline of over 19 percent, the KAVA token emerged as the top gainer with a gain of over 10 percent. At the time of writing, the market capitalization of all cryptocurrencies was $969.04 billion, representing a 2.75 percent decline over the previous day. Bitcoin price todayAccording to CoinMarketCap, the price of one bitcoin was $20,824.77, a 2.14 percent decline over the previous 24 hours. The price of Bitcoin was Rs 17.74 lakhs, according to Indian exchange WazirX. Ethereum price todayAt the time of writing, the price of ETH was $1,528.56, a loss of 3.46 percent over the previous 24 hours. According to WazirX, the price of Ethereum in India was Rs 1.29 lakhs. Dogecoin price todayAccording to data from CoinMarketCap, the 24-hour price of DOGE, which is presently trading at $0.08139, fell by 6.07 percent. Dogecoin price in India as of WazirX was Rs 6.96. Litecoin price todayThe 24-hour loss for Litecoin was 4.72 percent. Its price at the time of writing was $83.53. The cost of LTC in India was Rs 7,000.03. Ripple price todayThe price of XRP was $0.381, down 1.57 percent over the previous 24 hours. WazirX reported that the price of ripple was Rs 32.10. Solana price todaySolana price was $21.66, down 6.42 percent over the previous 24 hours. SOL cost Rs 1,836 in India, according to WazirX.
Read More