Tag: Markets

Bitcoin Falls Beneath $40K, Dragging Crypto Economy Below $2 Trillion – Markets and Prices Bitcoin News

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On Thursday evening around 10 p.m. (EST), the price of bitcoin fell beneath the $40K zone for the first time since September 21, 2021. During Friday’s early morning trading sessions, bitcoin plunged to a low of $38,250 per coin. Furthermore, the market capitalization of the entire crypto-economy has slipped under the $2 trillion mark, down 7.5% to $1.94 trillion. Bitcoin Sheds 8% Over the Last 24 Hours, Down 40% From November’s All-Time High The price of bitcoin (BTC) dropped below the $40K zone for the first time in 122 days.…

EU Markets Regulator Calls for Ban on Proof-of-Work Crypto Mining: Report

Proof-of-work crypto mining should be banned in the European Union (EU), according to the vice chair of the European Securities and Markets Authority (ESMA). Erik Thedéen said that EU regulators should nudge the crypto industry towards the less energy-intensive proof-of-stake mining in an interview with the Financial Times. “The solution is to ban proof-of-work,” he said. “Proof-of-stake has a significantly lower energy profile.” The proof-of-work model involves miners using scores of powerful computers to solve complex mathematical problems in order to record transactions on the blockchain an be rewarded with…

Top 3 Rebase Token Markets Shudder — Stats Show TIME, OHM, BTRFLY Lost Billions Since All-Time Highs – Markets and Prices Bitcoin News

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While the crypto economy has shed more than 3% in fiat value during the last 24 hours dropping to $2.09 trillion, the top rebase tokens by market capitalization have seen significant losses this week. At the time of writing, the rebase token economy is valued at over $3.2 billion but has lost more than 10% in value during the last 24 hours. The largest rebase token economies such as Wonderland, Olympus, and Redacted Cartel have shed between 36% to 55% over the last week. Top 3 Rebase Token Protocols Shed…

15 Privacy Coins See Double-Digit Weekly Gains, Monero Jumps 13%, Secret Gains 50% – Markets and Prices Bitcoin News

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Despite the fact that regulations have tightened and bureaucrats worldwide are scrutinizing cryptocurrency usage, a few privacy coins have jumped considerably higher in value over the last week. Monero jumped 13% during the last seven days, while the token secret increased 50%, and dusk spiked by 47% this past week. Monero, Secret, Dusk Network Values Spike This week a few privacy-centric crypto assets have seen double-digit percentage gains over the last seven days. According to metrics stemming from coingecko.com’s list of privacy coin market capitalizations, there’s $12.2 billion worth of…

Cardano Price Surges After Metaverse Project Launch, ADA Gains More Than 30% in 7 Days – Markets and Prices Bitcoin News

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The smart contract token cardano has surged in value during the last 24 hours after a metaverse project called Pavia launched. Seven-day statistics indicate that cardano’s price has spiked 30.9% over the week and took over the fifth-largest crypto market cap position on Sunday evening (EST). NFT and Metaverse Project Pavia Pushes Cardano’s Price Higher Cardano (ADA) has seen a price increase during the last seven days and 24-hour stats show ADA has jumped 9.5% against the U.S. dollar. Cardano is a smart contract network, similar to Ethereum, and during…

$2.5 Billion in NFT Sales This Week, Volume Climbs 161%, Meebits NFT Sales Surge – Markets and Prices Bitcoin News

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During the last seven days, there’s been $2.53 billion non-fungible token (NFT) sales, up 161% over the past week. Ethereum’s blockchain recorded the most NFT sales with $2.45 billion of the aggregate while the Solana network saw around $31.9 million in NFT sales this week. Across 258,536 NFT buyers this week, the NFT collection Meebits captured $1.23 billion in NFT sales. With $2.5 Billion in NFT Sales Across 10 Chains, Ethereum NFT Sales Dominate by More Than 96% A great number of non-fungible token sales continue, as the recorded sales…

Proportion of South African Crypto Holders Grows to 11.3%, 56% of Crypto Owners Hold Bitcoin – Emerging Markets Bitcoin News

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The number of surveyed South Africans that own crypto grew marginally from 10.3% in October 2021, to 11.3% in December 2021. With this rate of ownership, South Africa is now ranked number 21 out of the 27 countries whose internet users participated in the survey. South African Ownership Rate Below Global Average According to the findings of the latest Finder survey, out of the 2,003 South African internet users that were surveyed, 11.3% said they own cryptocurrency. This cryptocurrency ownership rate is said to be marginally higher than that of…

Meme Coin Markets Gain Close to 5% in 24 Hours, Dogecoin’s Value Jumps, 3 Meme Tokens See Triple Digit Gains – Markets and Prices Bitcoin News

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The top meme tokens by market capitalization have increased in value by 4.4% in the last 24 hours according to statistics. Dogecoin had a good week jumping more than 20% during the last seven days. However, 14 meme tokens surpassed dogecoin’s weekly jump as a few tokens have seen triple-digit spikes over the last week. Tesla Acceptance Pushes Dogecoin Up 20% This Week, Shiba Inu Gains Over 7% After the electric car company, Tesla announced the firm would be accepting dogecoin (DOGE) payments, the meme crypto spiked in value almost…

First Cryptocurrency ATM Reportedly Installed in Uruguay – Emerging Markets Bitcoin News

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The ostensible first cryptocurrency ATM machine has been installed in Uruguay, developed as a joint initiative between Urubit and Inbierto, two national crypto companies. This represents a milestone for the country, which according to estimates has between 40K and 50K cryptocurrency users, whose primary avenue for purchasing crypto relies on peer-to-peer markets. Uruguay Enters the Crypto ATM Era Uruguay has received its reported first cryptocurrency ATM in its territory, which is already installed in Punta del Este, a city located in the southeast of the country. The cryptocurrency…