Top crypto Financial News

As the crypto market generally experiences a plunge in prices over the past week, investors and crypto enthusiasts are applauding one meme coin, Tamadoge as it appears unfeathered by the already bearish market.

The cryptocurrency market is currently facing a challenge as it tries to hold on to the momentum it gained after reaching key price milestones last week. 

Billionaire investor and Shark Tank star Kevin O'Leary has revealed that he is still investing in crypto despite the catastrophic collapse of FTX and the subsequent crypto meltdown.

The last 24-48 hours were yet another shocker for the crypto industry with the stock crash of Silicon Valley Bank (SVB). Though not a direct impact on Indian exchanges’ business, but popular crypto tokens trading on these platforms including Bitcoin, Ethereum, XRP, Binance Coin, Doge Coin, Shiba Inu among others crashed between 5-9 percent on March 10.

The crypto market is highly volatile, and the prices of cryptocurrencies can fluctuate dramatically in a short period. Memes offer a way for people to express their emotions and cope with the ups and downs of the market in a lighthearted, humorous way.

Crypto news website CoinDesk has tapped advisors at Lazard, a leading financial advisory and asset management firm, to explore a full or partial sale of its business. The move comes as CoinDesk's sister company Genesis has been hit with a liquidity crunch following the collapse of FTX.

Crypto.com has announced that it will cut 20% of its staff, citing macroeconomic headwinds and the collapse of rival exchange FTX as its reasons.

The bitcoin price has risen by 4% in the past 24 hours, almost hitting $19,000 after the publication of positive US inflation figures yesterday. Its current price marks a 12% gain in a week and a 6% rise in the last 30 days, as signs of an improving global economy raises hopes that 2023 will correct 2022's bear market.

During the Asian session, BTC is consolidating just below the $17,000 level and the closing of candles above $16,750 is keeping Bitcoin price prediction bullish. Tim Draper, a venture capitalist, has been a consistent bitcoin bull despite the lead cryptocurrency's 60% decline in 2022. 

2022 was a watershed year for crypto venture capital, as investors poured tens of billions of dollars into blockchain-focused startups despite the overwhelmingly bearish trend in asset prices. Is the VC-dominated crypto funding model good for the industry? Only time will tell. 

Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com.

Band Protocol, a decentralized finance (DeFi) token in the Ethereum ecosystem, has, over the last 24 hours, exploded by 133% to change hands at $3.51 during the European session on Friday. Before this breakout, BAND moved sideways between support at $1.10 and resistance at $1.30. If investors refrain from locking in profits, Band Protocol price could rise to tag $4.50, a move that will bring the $6.00 level within reach.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Tora Inu is the latest talk of the crypto town. The meme coin sensation combines an array of play-to-earn and NFT utilities to host one of the hottest crypto presales of this year. 

Germany has become the most favorable crypto economy in the world in the third quarter of 2022, according to a new report. The United States, the joint top-rank holder from last quarter, fell six places to rank seventh on the top crypto economy.

The cryptocurrency market is down again today after a modest rebound yesterday. Its total cap stands at $959 billion, down by 1.6% in the past 24 hours and by 6.5% in the last seven days. Its subdued state is largely the result of ongoing negative investor sentiment with regards to rising interest rates, with the Federal Reserve likely to hike its base rate yet again today. 

cryptocurrencies amid fears of a further aggressive rate hike by the US Fed and inflationary woes during the last week, top cryptocurrencies on September 18 were seen gaining some ground. The largest crypto by market capitalisation Bitcoin (BTC) regained USD 20,000 levels. Ethereum-the second largest token by m-cap that took a sudden beating post the much sought-after merge event was seen firm by close to 1 per cent at USD 1,450. Notably, post the mega ‘Merge’ event, Ethereum witnessed a severe rout and after posting initial gains, the token registered its downtrend. “It seems likely that a mix between the still-high correlations and investors looking to 'sell the news' led to ether's severe drop in spite of the milestone accomplished,” IntoTheBlock wrote in a research note Friday. For NFTs or non-fungible tokens there is seen a different momentum after the long-awaited upgrade of the Ethereum blockchain. Sales and prices of NFTs have surged, according to crypto data tracker DappRadar. The upgrade, known asthe Merge, also seems to have benefited marketplaces that sell NFTs based on Ethereum, which is the most popular blockchain for this type of token, added a Bloomberg report. According to the Coinmarketcap data, while the global crypto market-cap has inched higher by 0.76 per cent over the previous day to $972.06 billion, the volumes in the market have softened by close to 26 per cent during the same period to $48.00 billion.

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UNCTAD). As per the report, every fourteenth Indian invested in the new age asset despite the covid-19 pandemic. The report highlighted how the adoption of crypto had increased exponentially during the Covid pandemic globally and especially in emerging economies like India, according to Mohammed Roshan, CEO & Co-founder, GoSats. «The report clearly mentions remittances and the fact that crypto was perceived as a way to protect household savings were the main reasons for the rise in adoption in emerging economies,» said Roshan.

The crypto industry has witnessed a massive downturn, losing about $2 trillion in value since hitting a peak in November.

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