Solana, XRP, Cardano lead losses as 91% of all crypto ‘longs’ liquidatedThe global crypto market cap is $1.95 trillion with a 24-hour volume of $136.86 billion. The price of Bitcoin is $44,075.80 and the BTC dominance is at 42.6%.
by Shaurya Malwa Crypto traders were in for a tough Monday morning as they woke up to double-digit percentage losses across the market. Large-cap altcoins like Solana, XRP, and Cardano shedded millions of dollars from their respective market caps, while Bitcoin and Ethereum lost 6% and 7% at press time respectively. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. More news ⏬Coinbase scores $1.3 million deal with US government even after SEC alarmsCoinbase, the largest crypto exchange in the United States has been able to secure a new deal with the United States’ Immigration and Customs Enforcement (ICE) office which would see it use its Coinbase Analytics tool for undisclosed purposes. Kusama parachain Moonriver records 1 million transactions in just 3 weeksMoonriver, the Ethereum (ETH) blockchain-compatible smart contract platform developed on Kusama, is full steam ahead with some impressive figures since its launch just three weeks ago. A Polkadot – Kusama powerhouse As reported by Moonbeam, Moonriver has close to 100k wallet addresses on the network and over 650 ERC20 tokens have been created. Binance reportedly under investigation in the US for insider tradingBinance, the world’s largest cryptocurrency exchange, is under a fresh investigation by United States Commodity Futures Trading Commission (CFTC) for possible insider trading and market manipulation. El Salvador buys 150 more Bitcoin as BTC falls to $45,000El Salvador purchased 150 more Bitcoin today as it looks to add to its existing Bitcoin coffers, President Nayib Bukele confirmed in a tweet today. Bitcoin usage has ‘immediate implications’ for El Salvador’s credit rating, TradFi saysStandard & Poor (S&P) warned that El Salvador’s adoption of Bitcoin as legal tender might negatively affect its credit rating. Scaramucci raises $100 million to invest in Algorand (ALGO) fundEarlier this week, the Anthony Scaramucci-owned SkyBridge Capital announced at its annual SALT Conference that it had filed an application for a crypto-related exchange-traded fund (ETF) to expand its offerings. Cardano (ADA) boss predicts DeFi bubble will burst, how likely is that to happen?Cardano founder Charles Hoskinson talks DeFi in his latest interview. Hacker returns 865 ETH stolen from Sushi’s token launch platform MISOSushiSwap‘s token launch platform MISO suffered a supply chain attack yesterday that drained 864.8 ETH from the ‘Jay Pegs Auto Mart’ token auction contract. Korean Finance Minister vows crypto taxes starting 2022South Korea’s Minister of Strategy and Finance Hong Nam-Ki said that the planned law on taxing cryptocurrencies will come into effect at the beginning of next year. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🔥 Trending Sectors
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