Crypto Financial News

Shiba Inu has jumped 14.6% to $0.00001231 at the time of writing. The meme coin is one of the top gainers among the top 20 largest cryptocurrencies by market cap. Over the past week, SHIB has gained by around 22%.

Like most cryptocurrencies, Chia (XCH) saw a major price decline over the past year. However, in recent weeks and even months, most of the crypto market has been struggling to shake off the bears and grow again. Chia, however, has had less success in this field, and even in the last three months, the token saw almost no attempts at recovery; it just kept sinking deeper and deeper to the current price of $31.58.

Terra’s Luna Classic (LUNC) has recently seen a price increase that took it from the lowest point this month, at $0.0002282 to $0.0002513. While a fairly low increase, it is still notable, as it suggests that the project might be recovering, especially after recent news involving a 4-year plan to bring back value to the token.

Solana (SOL) is down by 1.4% over the past 24 hours. SOL’s price is retracing after slight gains in the last 24 hours. At the time of writing, SOL was trading at $31.11. SOL has also gained by around 3% over the past week.

The crypto industry has been seeing a price drop for nearly a full year now, but as October is coming to an end and the anniversary of the crypto winter’s start approaches, many are expecting for the bear market to end around the same time. Whether or not it will happen remains to be seen. However, one thing that is certain is that some projects are already performing better than others, including IMPT, Aave, Aptos, Solana, and XRP.

Luna Classic (LUNC) is once again making headlines, although this time for different reasons, as the project created plans that will bring it back under the crypto world’s spotlight. The increased amount of activity has not yet had a positive influence on the project’s price, as can be seen in the chart above. LUNC has been seeing price drops throughout October, but this might change moving forward.

Shiba Inu has dropped by 0.6% over the past 24 hours. At the time of writing, the meme coin was trading at $0.00001004. SHIB has dropped by 12% over the past two weeks, according to data from CoinGecko.

"We are not legitimising crypto assets," Eugene Du Toit said.(Representational)

Crypto market remained range-bound on Wednesday as Bitcoin continued to hold above the $19,000 throughout early Asian trading hours. Crypto is locked into a consolidation mode and it will continue to remain there as investors are wary of Fed over-tightening and recession. Majority of the crypto tokens were trading lower on Wednesday. XRP, Cardano, Solana, Uniswap tumbled 3% each, whereas Ethereum and Shiba Inu dropped 2% each. The global cryptocurrency market cap was trading mildly lower at $926.42 billion, dropping about a per cent in the last 24 hours. However, the total trading volume jumped more than 7% to $54.30 billion.

Crypto market went higher on Tuesday despite the cautious approach from investors over riskier assets. However, a number of analysts are counting the sessions when this surge will come to an end. Barring the US dollar-pegged stablecoins, all other crypto tokens were trading higher on Tuesday. Polygon zoomed 7%, whereas Uniswap rose over 4%. Solana and Ethereum also added up to 3%. The global cryptocurrency market cap was trading higher at $933.59 billion, rising up by almost 2 per cent in the last 24 hours. However, the total trading volume jumped as much as 31% to $50.53 billion. Expert Take Edul Patel, CEO and co-founder of Mudrex said that most cryptocurrencies started the week in thegreen after the market bounced back. It seems like Bitcoin has fixed above the $19,000 level, which indicates the rise of buyers in the market, he said.

The total crypto market cap is now near $900 billion. The market will likely be range bound till November 2, the day the US Fed announces another interest rate hike. Occasional rallies to the upside can occur, however. Macroeconomic conditions globally, including the possible collapse of a major bank (Credit Suisse or Deutsche Bank), can spook the markets in the short term. As this bear market plays out, we look at some positives in terms of adoption and other top stories of the week:Google partners with Coinbase to bring crypto payments to cloud servicesTech giant Google has partnered with Coinbase to allow users to pay for cloud services using cryptocurrencies early next year.

NFTs, the NFT sales are plummeting due to the current market scenario. NFT traders are either shying away from investing or unaware of analyzing the NFT price values before dipping their toes in. An NFT trade born out of this inexperience, results in a loss.Why should you know about NFT price value before investing?NFTs are popular online commodities. Once they are bought and traded over time, there is the possibility for recurring income. NFT valuations are critical and skyrocket due to fanaticism, royalty economics, and scarcity rules.So, what can an NFT price value tell you?Estimating the price value of the NFTs will help us to uncover the following.

Crypto tokens were back in action on Friday after the inflation numbers, though remained in the range prior to the data. However, the digital asset market recovered from their initial cuts.Bitcoin inched towards the $20,000 mark, whereas Ethereum reclaimed $13,000-levels. Trading volume has spiked suddenly which supported the gains in the crypto assets. All the crypto tokens were trading higher on Friday. Uniswap zoomed more than 12 per cent, whereas XRP and Shiba Inu rallied 7 per cent each. Bitcoin, Ethereum and Polygoon added 4 per cent each. The global cryptocurrency market cap was trading higher at $915.55 billion, jumping more than 3 per cent in the last 24 hours. However, the total trading volume jumped more than 91 per cent, almost doubled, to $86.66 billion.

Bitcoin becoming less volatile than stocks might appear like a positive development. But crypto traders are warning that in a low-volume environment, that might not be a great thing. The coin’s 30-day realized volatility has “dropped sharply” in recent days, according to Noelle Acheson, author of the “Crypto is Macro Now” newsletter. It’s currently at around 52% after spending the past month above 64% on an annualized basis, according to Coin Metrics data compiled by Acheson. Meanwhile, Jake Gordon at Bespoke Investment Group points to a volatility gauge called BitVol, which has “begun to break down,” falling to near its lowest levels since the spring. The index currently clocks in at a little above 69, down from more than 111 in May. Yet trading volume has also slumped. Daily readings are hovering around $47 billion right now, down from more than $100 billion at the start of the year, according to data tracker CoinMarketCap.com. And even though lower volatility is typically welcomed in the stock market, for instance, the combo could spell trouble for Bitcoin, where there tend to be plenty of speculators who enter the space purely for the thrill of the swings.

At least $718 million has been stolen so far in October alone, taking the gross tally for the year past $3 billion and putting 2022 on course to be a record for the total value hacked, according to blockchain specialist Chainalysis Inc. Most of the targets are so-called decentralized finance — or DeFi — protocols, which deploy software-based algorithms to enable crypto investors to trade, borrow and lend on digital ledgers without using a central intermediary. Hackers have become adept at exploiting weaknesses in the security, coding and structure of DeFi marketplaces. That’s putting the onus on crypto players to find solutions given that DeFi is touted as important for crypto adoption.

Cryptocurrency traders have been anxious over the last 24 hours as the market reels from the Consumer Price Index data. During the past 24 hours, the overall cryptocurrency market has dropped by around 2% to $943 billion at the time of writing.

Graceful 1.0 as the definitive and intelligent way to pass on wealth, memories, and messages to loved ones. The first 500 vaults will be available for purchase and immediate shipping starting Cyber on November 28 (Monday), which is available on its official website. Graceful 1.0 is a custodial digital vault that can be purchased and set up by the gifter in minutes. Each vault comes pre-loaded with Bitcoin to kickstart the recipient into the future of money. The company is creating the iconic financial gift for a new generation, supplanting traditional monetary presents like savings bonds, gift cards, and cash. The gifter can then choose from three programmable time locks on the vault: one, five, or ten years. Similar to a revocable trust, the gifter can also unlock the vault in an emergency or as otherwise needed.

crypto investor. They've seen the value of their holdings drop like a brick this year, and now many are stewing over the safety of their crypto cash after a series of heists that's seen around $2 billion spirited away by hackers. Enter the ghost of technology's past. Hardware wallets — old-school physical devices similar to USB drives that stash crypto holdings offline — might seem a throwback to a more innocent digital age, but they're proving to be a popular response to a cutting-edge conundrum.

Leeds United Fan Token (LUFC) has gained by 1.2% over the last 24 hours. The uptrend comes amid a slight recovery in the global cryptocurrency market. The overall crypto market has gained by 0.7% in 24 hours, but it is yet to hit the $1 trillion mark.

The Organization for Economic Co-operation and Development (OECD) released Crypto-Asset Reporting Framework (CARF) on October 11 designed to help tax authorities achieve greater visibility on crypto transactions and the users behind them.

Crypto tokens were back in the red during the early hours on Friday ahead of the US Jobs data. The macroeconomic fears are quite evident in the riskier asset class.Bitcoin, after breaching $20,000 levels, was back above the key psychological levels. Ethereum was also holding $1,350 levels, whereas altcoins dropped. Barring the US dollar-pegged Tether, Tron and Uniswap, all other crypto tokens were trading lower on Friday. BNB dropped 4 per cent, followed by a 3 per cent fall in Shiba Inu. Dogecoin, Solana and Bitcoin shed 2 per cent each. The global cryptocurrency market cap was trading lower at $958.92 billion, dropping more than a per cent in the last 24 hours. However, the total trading volume dropped more than 7 per cent to $55.56 billion.