Top cryptocurrency prices today: Bitcoin, Ethereum, Shiba Inu tank 7% each; Dogecoin drops 5%
crypto traders turned defensive as tensions between Russia and Ukraine intensified. Following this, the appetite for riskier assets, including the digital token, dropped sharply. Investors now looked for safe heaven bets like gold, dampening the sentiments further. Barring the dollar-pegged Tether, all other top digital tokens were trading in deep red on Friday. Avalanche and Terra dropped 9 per cent each followed by Bitcoin and Ethereum, each losing over 7 per cent.
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A statue honouring mysterious Bitcoin founder Satoshi Nakamoto was unveiled in a business park near the Danube River in the Hungarian capital Budapest
View Details »The global crypto market cap slumped as much as 7 per cent to $1.85 trillion. On the contrary, the total crypto market volume jumped more than 25 per cent to $87.62 billion.What's Cooking in IndiaThe Enforcement Directorate (ED) is probing the use of the darknet and cryptocurrencies by India's most-wanted fugitive, Dawood Ibrahim, amid suspicion that the underworld don has turned to digital tools to deploy the proceeds of crime raised through money laundering to invest primarily in offshore real estate. Meanwhile, India’s decision to impose a 30 per cent tax on profits from cryptocurrency trading is turning out to be a boon for the country’s digital-asset exchanges. Binance-owned WazirX has seen daily sign-ups on its platform jump almost 30 per cent since February 1, said co-founder Nischal Shetty. At rival CoinSwitch, the daily increase was 35 per cent, according to founder Ashish Singhal. In other news, several Indian and international exchanges have approached CryptoWire for licensing its IC15 index to launch products on their exchanges based on this benchmark,
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