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Last Updated : June 25, 2022 / 12:04 PM IST
Top Cryptocurrency News Today: The biggest moves in crypto market, bitcoin, and more<!– Moneycontrol Daily | Your Essentials 7 –>
A daily round-up of the most interesting articles on cryptocurrencies like bitcoin, ethereum, and tether to help you jump-start the day
Market Buzz
Cryptocurrency Prices Today June 25: Crypto market in green; bitcoin rises over 2%, ether biggest gainer
The global crypto market-cap rose 2 percent to $954.90 billion over the last 24 hours. The total crypto market volume rose 4.04 percent to $64.51 billion during the period. The total volume in DeFi stood at $6.97 billion, 10.81 percent of the total crypto market’s 24-hour volume. Bitcoin hovered around Rs 17 lakh, with a dominance of 42.52 percent. This was a 0.47 percent decrease over the previous day, data from CoinMarketCap shows. Read more here.
Policy Central
Tether: The coin that could wreck crypto
Cryptocurrency prices are plummeting. A so-called stablecoin lost all its value in a matter of days. A new-fangled crypto bank halted withdrawals and investors have been plunged into financial ruin. Now the crypto industry is grappling with an even grimmer prospect: the worst may be yet to come. Concern is mounting over another potential vulnerability in the crypto market: Tether, a company whose namesake currency is a linchpin of crypto trading worldwide. Read more here.
Bitcoin Buzz
Peter Thiel-backed bitcoin trading platform Bitpanda cuts staff
As crypto winter sets in, Web3 companies are finding themselves in the difficult position of cutting staff. During a company call, Vienna, Austria-based Bitpanda announced that it would be reducing its headcount from 1,000 employees to 730. “We are committed to Bitpanda’s mission, therefore we need to take decisive actions now,” the company said in a blog post. “The implications hurt: we need to let part of our team go and scale down to a target organizational size of about 730 people.” Read here.
NFT Centre
Bored Ape founders respond to ‘Crazy Disinformation Campaign’ from ‘Demented Troll’
Six months after Yuga Labs first responded to accusations that its NFT collection, the Bored Ape Yacht Club, contained racist imagery, its founders have published a blog post addressing the issue. “We’ve become the target of a crazy disinformation campaign accusing us—a group of Jewish, Turkish, Pakistani, and Cuban friends—of being super-secret Nazis,” Yuga Labs co-founder Gordon Goner (whose real name is Wylie Aronow) wrote on June 24. Read more here.
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Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
