Binance suspends futures, options trading in Australia amidst regulatory troubles
The global crypto market cap is $1.91 trillion with a 24-hour volume of $129.78 billion. The price of Bitcoin is $43,030.11 and the BTC dominance is at 42.4%.
by Oluwapelumi Adejumo
Crypto traders were in for a tough Monday morning as they woke up to double-digit percentage losses across the market. Large-cap altcoins like Solana, XRP, and Cardano shedded millions of dollars from their respective market caps, while Bitcoin and Ethereum lost 6% and 7% at press time respectively.
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Following a series of upward move in its activities spanning over 90 days, Bitcoin hashrate is moving forward again as it has recorded a 128 percent increase within this period.
The proliferation of new platforms may appear to make transacting digital assets easy, however, many are plagued with a lack of liquidity, low downtime, regulatory challenges, and other porous security inadequacies.
Brian Armstrong-led crypto exchange, Coinbase, has abandoned its proposed plans to launch a crypto lending product, which the United Securities and Exchange Commission (SEC) has argued is a violation of its securities law.
Just six months after its launch, Terra‘s Anchor protocol surpassed $4 billion in total value locked (TVL).
Recent weeks have seen a renaissance in NFTs as trade volumes surge, and high-profile sales continue with no sign of letting up.
Dogecoin slips to the tenth spot on CoinMarketCap, having been leapfrogged by USDC today.
pNetwork, a cross-chain DeFi protocol built on the Binance Smart Chain (BSC), suffered an attack that drained over $12 million from the protocol.
Coinbase, the largest crypto exchange in the United States has been able to secure a new deal with the United States’ Immigration and Customs Enforcement (ICE) office which would see it use its Coinbase Analytics tool for undisclosed purposes.
Moonriver, the Ethereum (ETH) blockchain-compatible smart contract platform developed on Kusama, is full steam ahead with some impressive figures since its launch just three weeks ago.
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