Cryptos tracked equity markets to log muted gains following encouraging US retail spending and industrial production reports. Barring the US Dollar pegged stablecoins, all the tokens were trading lower on Wednesday. Polkadot dropped 4 per cent, followed by a 2 per cent fall in Bitcoin, Cardano and Avalanche each. The global cryptocurrency market cap was trading lower at the $1.29 trillion mark, dropping about a per cent in the last 24 hours. However, the total cryptocurrency trading volume tumbled more than 11 per cent to $77.72 billion.
Presented ByDid you Know?
Apparel maker Gap has launched NFTs for its iconic hoodies. The more than 50-year-old company's push to sell virtual assets for real money follows similar moves by clothing companies such as Nike
View Details »What's cooking in IndiaCelebrities should be “circumspect” while featuring in cryptocurrency-related advertising, since crypto is an unregulated product in India, the Advertising Standards Council of India (ASCI) said. Crypto trading platform WazirX released the second edition of its semiannual 'Transparency Report' for October 2021 – March 2022 period, which provides an overview of initiatives and partnerships that the company took in the last 6 months to safeguard investors' interest from its end.Expert takeDo kwon proposes to fork into «Terra», a new chain without algorithmic stablecoin “UST” and will primarily focus on DiFi protocols only, which was their other selling point besides the stablecoins, and the old chain would be «Terra Classic», said WazirX Trade Desk in its morning note. «Both chains will coexist just like how Ethereum and Ethereum classic exist. The new Luna tokens will be airdropped to Luna classic holders, stakers, and app developers
Read more on economictimes.indiatimes.com