Tykhe Block News

11.05 / 14:09

stablecoins bitcoins Terra Luna Luna This major crypto token dropped 60% in 24 hours. Here's what you should do

Interestingly, this time it's not a tiny token or a one time wonder, but a constituent among the top-10 crypto tokens, if we exclude the dollar-pegged stablecoins. Here, we are talking about Terra (LUNA). The native token of Terra blockchain named 'LUNA' tumbled to $24.14 from $61.99, registering a massive drop of 60 per cent within a day. The token is trading about 80 per cent below its peak close to $118, scaled last month.

29.04 / 17:39

crypto news crypto ban Delay in adopting crypto may increase brain drain from India: Industry players

Recently, Union Finance Minister Nirmala Sitharaman said that India will not rush into any decision on cryptos and will take a well-considered view. «It has to take its time to be sure that at least, with the given available information, we are making a discernible decision. It can't be rushed,» she said during an interaction with students and faculty at Stanford University in California. However, industry players believe that the delay is hurting India's prospects of becoming a major player in the crypto industry and leading to the exile of homegrown talent to crypto-friendly hubs.

14.04 / 08:17

Robinhood solana shiba inu price today Shiba Inu After 30% rally in 24 hours, can Shiba Inu offer more upside?

Shiba Inu was in the spotlight on Wednesday as the token zoomed over 31 per cent in the last 24 hours. The popular meme coin listed on the trading platform Robinhood apart from Solana, Polygon and Compound. With this, investors can now access 11 cryptos on its platform, including Bitcoin, Ethereum and Dogecoin. Among the newly listed tokens, Shiba Inu was the most abuzz as it rallied 31 per cent to $0.00002977 from $0.00002272 within 24 hours. However, the token is still 65 per cent below its all-time peak of $0.00008 hit in October 2021.

09.04 / 09:53

Dogecoin Dogecoin price elon Elon Musk's drone show sparks 8% rally in Dogecoin

Elon Musk has once again sparked a rally in Dogecoin, the largest meme token in cryptoverse. It is the second time in the ongoing week when Dogecoin has been flying high, thanks to the mercurial technocrat. While hosting 'The Cyber Rodeo' party in Texas, Musk unabashedly used drones to project Doge. Following the presentation from Elon Musk, the prices of crypto tokens rallied more than 8 per cent to $0.1527 from $0.1418 in the last 24 hours, data from Coinmarketcap suggests.

01.04 / 07:19

cryptocurrency crypto news Sky Mavis A $625 million-heist has left crypto community baffled!

crypto world was rocked by one of the largest hacks in Web3 history with about $625 million exploit from Ronin — the blockchain to the wildly popular Axie Infinity play-to-earn game. Axie developer Sky Mavis announced in a blog post that the exploit resulted in losses of over 173,600 Ether and 25.5 million USD Coins, a stablecoin pegged to the US Dollar, total worth more than $625 million by then. Recently, there has been a sharp spike in the digital thievery and hacks, parallel to the interest in the cryptocurrency. The new age technology is hosting a number of tech savvy thieves.

08.02 / 03:43

shiba inu price Shiba Inu What sparked 32% rally in Shiba Inu

Shiba Inu (SHIB) has been the pearl of their eyes, thanks to its dirt cheap price and never-exhausting supplies. The dog-based memecoin has zoomed more than 32 per cent in the last 24 hours to $0.00002945 from $0.00002239. The rally has led its market-cap to hit the $15.5 billion mark, putting it back in the top 15 cryptos in terms of market-cap. The rally in Shiba Inu is widely supported by the volumes which rose more than 250 per cent in the last 24 hours. SHIB tokens worth more than $2.7 billion have exchanged hands during the period under review.

03.02 / 12:59

NFT crypto tax Can India be next hub for cryptos, NFTs? Here's what experts say

crypto assets in the Union Budget has boosted the morale of the crypto industry, particularly the new players or startups. In the light of recent developments at home and across the globe, there are voices that India is poised to emerge as a global hub for crypto players and enterprises. Market participants believe that cryptos can be viewed as an emerging asset because it is an intangible, digital currency that uses a highly sophisticated type of encryption to secure and verify transactions.

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