The crypto market is bigger than ever, and so is the crypto derivatives marketThe global crypto market cap is $2.14 trillion with a 24-hour volume of $87.37 billion. The price of Bitcoin is $48,070.03 and the BTC dominance is at 42.3%.
by News Desk Thanks to heightened visibility, public endorsement from public figures such as Elon Musk, among others, and some impressive bull runs, cryptocurrency is more popular than ever.
More news ⏬NFTs for photographers: A beginner’s guideAs NFTs grow in popularity, they are looking to completely reshape the digital photography world—and artists need to be able to keep up. Crypto and God: Mississippi church provides Bitcoin, Ethereum, and others as giving optionLast Sunday, Back Bay church in St. Martin, Mississippi, became the first known Southern Baptist church to offer cryptocurrency as a giving method, according to Baptist Press. A gold-backed stablecoin will be launching on CardanoDuring a crypto summit held by British financial newspaper City A.M., decentralized finance (DeFi) liquidity protocol MELD has announced a three-way partnership with Tingo Holdings, Nigeria’s largest mobile network, and Ubuntu Tribe, an ethical crypto company that tokenises natural resources. U.S. Federal Reserve has no intention to ban cryptocurrencies, Chairman Powell saysSpeaking before the House Financial Services Committee, US Federal Reserve Chairman Jerome Powell, stated that the authority has no objective to ban cryptocurrencies. According to Powell, who responded to his earlier comments that cryptocurrencies could be replaced by a central bank digital currency (CBDC), the crypto market should be regulated in accordance with existing laws. DeFi tokens SUSHI, SNX, UNI emerge as winners after China’s crypto crackdownA little over a week ago, China renewed its hostilities towards the crypto industry as it declared all crypto transactions within its jurisdiction “illegal.” This new regulation, while it has had some negative impacts on the price of the leading digital asset, Bitcoin, alongside other cryptocurrencies in the market, the winners in the current shakedown […] TikTok uses Ethereum layer-2 solution to drop its first NFTs collectionTikTok teams up with Immutable X to bring its users NFTs. Ripple jumps on the NFT bandwagon, launches $250 million ‘Creator Fund’Ripple has recently announced the launching of a $250 million ‘Creator Fund’ aimed at exploring new use cases for non-fungible tokens (NFTs) on the XRP Ledger (XRPL). The boss of NatWest Bank tells crypto users to abandon all hopeEconomist and Chair of the NatWest Group Sir Howard Davies said he’s “very hostile” towards crypto. Komodo launches on-chain bridge between Ethereum and Binance Smart ChainAtomic swaps tool Komodo has released a new version of AtomicDEX, a non-custodial multi-coin wallet and atomic swap-powered DEX rolled into one app, featuring the industry’s first non-custodial, AMM-free 1:1 bridge. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. 🔥 Trending Sectors
Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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