Cryptocurrency

Cryptocurrency Prices Today: Markets in red as Ethereum, Solana, Cardano fall

Business Crypto Finance Technology

The worldwide cryptocurrency market capitalization increased by 0.50 percent to $1.63 trillion in the last 24 hours, while trading volume increased significantly by 53.02 percent to $128.16 billion.

Stablecoins accounted for 81.59 percent of the overall 24-hour crypto trading volume at $104.56 billion, while decentralized finance (DeFi) contributed 14.23 percent at $18.24 billion. Bitcoin’s market share increased by 0.94 percent to 42.06 percent this morning, and it was selling at $36,305.96.

Bitcoin’s market share increased by 0.94 percent to 42.06 percent this morning, and it was selling at $36,305.96. Bitcoin increased 1.43 percent to Rs 29,52,415 in rupees, while Ethereum fell 2.65 percent to Rs 1,95,952.1. Avalanche increased 1.59 percent to Rs 5,164.47, while Cardano fell 3.8 percent to Rs 85.02.

Over the last 24 hours, Polkadot fell 0.25 percent to Rs 1,463.62, and Litecoin fell 1.24 percent to Rs 8,767.73. Tether is now trading at Rs 81.4, down 1.36 percent. Memecoin SHIB fell 6.88 percent to Rs 11.08, while Dogecoin fell 2.52 percent to Rs 11.08. Terra (LUNA) is now trading at Rs 5,201, down 5.15 percent.

In 2019, a Delhi-based businessman filed a police report alleging that he had been scammed of Rs 30 lakh in cryptocurrencies.

The money was routed to accounts of the militant arm of Hamas, a Palestine-based Sunni-Islamic extremist and nationalist organization, according to the Delhi police.

The data of the aggrieved’s wallet and other addresses had been uploaded to the Darknet, according to the authorities. These cryptos are currently worth roughly Rs 4.5 crore: 6.7 Bitcoins, 9.79 Ethereum, and 2.44 Bitcoin cash.

Whereas the execution layer houses all of the smart contracts and network regulations, the consensus layer ensures that all of the network’s devices follow the rules—and penalizes those that don’t. The rebranding reflects Ethereum 2.0’s status as a network upgrade rather than a whole new network.

Separately, Bank of America stated that central bank digital cryptocurrency is “the inevitable progression of today’s electronic currencies,” and that one might be introduced as early as 2025 in the United States. According to the bank, a central bank digital currency would be different from existing digital money available to the general public since it would be a liability of the Federal Reserve, which would mean the digital coin would have no credit or liquidity risk.