Latest News

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.

Since filing for bankruptcy on November 11, the bankrupt cryptocurrency exchange FTX.com has lost around US$415 million in cryptocurrencies to hacks. Important Facts According to the company disclosure to creditors, an "unauthorized third party" took over US$323 million from FTX international exchange and US$90 million from FTX US. Alameda Research, the brokerage division of the exchange with headquarters in the Bahamas, had another US$2 million stolen from it. The sum that was stolen represents a portion of the US$5.5 billion in liquid assets that FTX designated for recovery. These assets include US$1.7 billion in cash, US$3.5 billion in cryptocurrencies, including FTX Token (FTT), and US$300 million in liquid securities. The exchange was hacked and lost more than US$372 million, according to the new FTX CEO John Ray, who made the announcement a few days after FTX declared bankruptcy in November. On November 11, FTX filed for Chapter 11 bankruptcy in the United States, shocking the industry after it was discovered that there had been inadequate transparency on liquidity and customer funds had been improperly used. Sam Bankman-Fried, the founder and former CEO of FTX, has been charged with eight offences, including conspiracy to commit money laundering and wire fraud. Earlier this month, Bankman-Fried entered a not-guilty plea to the accusation of fraud. The US$2.1 billion Binance got in BUSD and FTT when it sold its share in FTX in Q3, 2021, is being considered as a clawback by FTX advisers. Changpeng Zhao, CEO of Binance, has asserted that the business will continue to be stable even after making a US$2.1 billion return. According to its bankruptcy declaration in November, the bankrupt exchange owes its 50 largest creditors a total of around US$3.1 billion. Additionally, FTX disclosed that the company has over 100,000 debtors.

On Tuesday, cryptocurrencies increased. The market capitalization of all cryptocurrencies was $850.9 billion, with a volume of around $43 billion during the previous day. BitcoinBitcoin, the biggest and most used virtual currency in the world, increased by 3.2 percent to $17,179.7. It was valued at $331.3 billion on the market. There were around $17.4 billion worth of transactions. EthereumEthererum, also known as Ether, which is the second-largest virtual currency, increased 9.1% to $1,324.1 at the most recent count, with a market capitalization of $162.1 billion. In the previous day, Ethereum trades were worth over $7.6 billion. DogecoinDogecoin, a virtual currency based on memes, increased by 7.5 percent to $0.1. The market price of it was $10,2 billion. There were around $825.6 million worth of transactions. Solana Solana increased 46.4 percent to $16.1 and now has a $6 billion market worth. In the previous 24 hours, Solana trading volume was $1.7 billion. Shiba InuShiba Inu gained 7.5 percent and now has a $4.8 billion market cap. In the previous 24 hours, there were roughly $360.9 million worth of trades. Polygon The market capitalization of Polygon, which increased 8.9% to $0.8, was $7.4 billion. In the previous 24 hours, there were $406.8 million in trades.

BONK, a meme coin, has managed to register quadruple-digit gains in 7 days, with a 1,600 percent spike in the last week. But what exactly is BONK, and why is it marching to the moon? Follow along to find out. At a time when the entire digital asset industry is reeling from the harsh crypto winter, you did think it was impossible for a coin to post quadruple-digit gains in just seven days. However, a meme coin called BONK has done just that, with a 1,600% increase in the last week. But what exactly is BONK, and why is it marching to the moon? BONK: What exactly is it? BONK, Solana first dog-inspired meme coin, was released on December 25. BONK is described in the project whitepaper as a Solana "community coin" that will be used "across the many great DApps" on the network. In this regard, the coin has already seen 50 network integrations in the last two weeks. The coin is also described in the whitepaper as a project "for the people and by the people." This ideology was exemplified by BONK airdrop, which distributed half of the coin 100 trillion supply to the Solana community. To begin, 20% of the supply was airdropped to Solana non-fungible token (NFT) holders. Another 10% of the supply was allocated to Solana blockchain NFT creators and artists. Finally, 15% of the supply was airdropped to Openbook early traders, while the remaining 5% was distributed to Solana Developers. On the Solana network, Openbook is a newly launched decentralized exchange. It will take the place of Serum, Solana SBF-backed decentralized exchange. According to the whitepaper, the main reason for the launch of BONK was to dispel the negativity surrounding Solana and restore liquidity to the network decentralized exchanges. Solana has been in a state of shock since the FTX debacle. SOL, the network native cryptocurrency, lost 97 percent of its value in 2022, with the FTX crash being one of the primary causes. However, BONK was launched to turn things around, and it has done a pretty good job so far. BONK skyrockets by 4,000%, dragging SOL along for the ride BONK increased by 4,438 percent from $0.0000001078 on December 30 to $0.000004892 on January 5. To put this in context, on December 25, some Solana app developers received 5 billion BONK. This stockpile was worth less than $1,000 at the time. According to a Decrypt report, these coins were worth nearly $122,000 at the peak of last week surge. The hype surrounding the massive airdrop, which saw almost the entire community receive a massive stack of BONK coins, was one of the major reasons for the spike. This was exacerbated by a series of token burns, which resulted in further price increases. For example, on January 3, the network announced a 1 billion BONK token burn. The following day, the project announced that all tokens assigned to projects leaving Solana would be burned as well. In this regard, DeGods 500 billion BONKs would be permanently removed. Finally, BONK announced early this morning that the 5 trillion tokens assigned to the BONK Team would be destroyed. This could be the cause of BONK massive price increase. Furthermore, the BONK spike has provided buoyancy for Solana. SOL, the blockchain native cryptocurrency, has increased by nearly 45 percent in the last seven days. BONK has experienced tremendous growth, but will it be sustainable? There no telling how much and how quickly meme coins can rise or fall. BONK growth is currently out of control. On December 24, for example, only 205 wallets contained BONK. However, by January 5, this figure had risen to 100,000 users. Continued burn activity could push the token price even higher. BONK was trading at $0.000001992 at the time of writing, down 54% in the previous 24 hours. However, the coin was up 1,651 percent in the last seven days. And, because the token value is so low, there is room for growth. However, meme coins are notorious for their wild volatility, so do your research and only invest what you can afford to lose completely.