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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.
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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
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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.
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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.
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Jan 18,2023

FTX claims that US$415 million in cryptocurrency has been stolen

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.
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Jan 10,2023

Today crypto price includes increases for Polygon of 9%, Bitcoin, Ethereum, and other tokens

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.
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Jan 07,2023

A look at BONK, the Solana meme coin that has increased 1,600% in the last week

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.
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Jan 05,2023

Today crypto price: Bitcoin and Ethereum rise, while most other tokens extend gains

Today cryptocurrency price: The majority of cryptocurrencies rose on Wednesday. The global crypto market cap was $821 billion, with $35.6 billion in volume in the previous 24 hours. "Most cryptocurrencies rose on Wednesday as a result of Institute for Supply Management (ISM) data showing a decrease in demand and a reduction in manufacturing input. This gave investors hope that the Fed would lower interest rates "Mudrex CEO and Co-Founder Edul Patel stated. Bitcoin (BTC) Bitcoin, the world largest and most popular virtual currency, gained 0.8 percent to $16,834.9. Its market capitalization was $324.5 billion. The total trade volume was $18.3 billion. Patel said of Bitcoin, "Bitcoin has traded above the $16,800 mark in the last 24 hours. However, it was unable to rise above the $17,000 mark. If BTC can break through its immediate resistance at $16,900, the next target is $17,000. While the support level is now at $16,750." Ethereum Ethererum, or Ether, the second largest virtual currency, rose 2.5 percent to $1,255.1, with a market capitalisation of $153.7 billion. In the last 24 hours, Ethereum trade volume was $6.3 billion. DogecoinA meme-based virtual currency, increased by 2.3 percent on Thursday. Its market capitalization was $9.7 billion. The total trade volume was $378.1 million. Shiba InuShiba Inu market capitalisation increased by 2.6 percent to $4.6 billion. In the last 24 hours, the trade volume was $148.1 million. SolanaWith a market capitalisation of nearly $4.9 billion, Solana fell 3.3 percent to $13.2. Solana trade volume in the last 24 hours was $1 billion. Polygon Polygon market capitalisation increased by 1.5 percent to $7 billion. In the last 24 hours, the trade volume was $299.9 million.
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