Bitcoin held the $19,000 mark during the session. An expected 75 basis point interest rate increase at next month's Federal Open Market Committee (FOMC) meeting and continued US central bank hawkishness through the end of the year seems already entrenched in investors. Majority of the crypto tokens were trading higher on Monday, but the upside was capped. Avalanche gained about 2 per cent and Ethereum rose more than a per cent. XRP plunged about 4 per cent and memecoins dropped too. The global cryptocurrency market cap was trading flat at $919.83 billion, marginally higher in the last 24 hours. However, the total trading volume jumped more than 16 per cent to $76.2 billion.
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SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.
View Details »What's cooking in IndiaGaming company PlayCKC has raised $200K in the seed round led by Freeflow Venture Builders. The team is currently reviewing possibilities around NFTs as in-game and redemption rewards. It was initially launched for cricket where the number of predictions has skyrocketed to more than 9,35,000, the fan-focussed gaming platform plans to bring in live gaming for Football during the Football World Cup later this year.Global UpdatesThe unrelenting crypto winter has continued to hit all corners of the industry, forcing some of the biggest players to curb their growth ambitions. A number of crypto companies work to stay afloat. Bitcoin gaming and payments company ZEBEDEE announced the launch of its 'No Big Deal'
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