The sentiment around non-fungible tokens (NFTs) fell by 14 per cent among companies in the June quarter (Q2), demonstrating a decline in optimism around NFTs due to rising discussions about the downturn in the cryptocurrency market, a report showed on Wednesday. In Q2 2022, NFTs have been the topic of more debates than ever, although…
Crypto exchange WazirX’s co-founder Nischal Shetty is raising $17-$20 million for his new Blockchain-based venture called Shardeum. According to sources, the funding will take the valuation of Shardeum, which Shetty is building with his US-based Co-founder and Blockchain architect Omar Syed, to nearly $200 million. Shetty told IANS that the startup is raising seed funds,…
At a time when many crypto companies have seen their fortunes plummet, one corner of the industry is thriving. With criminals, including North Korean hackers, increasingly targeting the sprawling software infrastructure underpinning the cryptosphere, firms that sift through code for weaknesses and run bug-hunting sites are finding themselves with more business than they can handle….
The crypto market saw a bearish week, with Bitcoin falling nearly 10 per cent in the last seven days. The largest crypto token by market capitalisation was trading at $21,750 on Friday, according to coinmarketcap.com. On Monday, it had briefly hit the $ 25,000 mark. Ethereum, the second largest crypto, was down nearly 8 per…
As the global downturn continues, the crypto scam revenue for 2022 also dropped 65 per cent at $1.6 billion this year, lower than where it was through the end of July in 2021. Since January 2022, scam revenue has fallen more or less in line with Bitcoin pricing, reports Blockchain analysis firm Chainalysis. “It is…
Last week, cryptocurrency investors received some respite from the fall in the value of digital tokens. Over the previous seven days, Bitcoin rose nearly 3 per cent, and Ethereum gained 13 per cent, according to coinmarketcap.com. Bitcoin and Ethereum are the largest and the second-largest digital tokens by market cap, respectively. Market data suggests that…
Cryptocurrency derivatives trading on centralised exchanges rose to $3.12 trillion in July, a 13% monthly increase, researcher CryptoCompare said on Thursday, as crypto prices show signs of recovery from the recent market crash. The derivatives market now makes up 69% of total crypto volumes, up from 66% in June, and helped push overall crypto volumes…
If success has many fathers, then a crypto exchange in the eye of a money-laundering storm has become an orphan. After Indian law enforcement froze $8 million in WazirX assets, Binance Chief Executive Officer Changpeng Zhao denied owning the country’s largest crypto exchange. Binance’s November 2019 blog post, which had announced the takeover, now comes…
San Francisco-based blockchain payments company Ripple Labs Inc, which is embroiled in a high-profile battle with the U.S. securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesperson. “We are interested in learning about Celsius and its assets, and whether any could be relevant to our…
Tornado Cash’s token TORN fell sharply on Tuesday after the US Treasury Department imposed sanctions on the cryptocurrency mixer. TORN was down 24% during Asian hours to $22, according to CoinGecko data. The token has lost 95% of its value since its all-time high in February 2021. By contrast, larger cryptocurrencies Bitcoin and Ether posted…
