Cryptocurrencies and blockchain technology have certainly dominated the news over the last two years. The recent downtrend is not stopping countless crypto enthusiasts from riding the rising waves of innovation before it’s too late.
The month of June 2022 was brutal in terms of Bitcoin and broader market correction. The world’s largest cryptocurrency Bitcoin (BTC) collapsed by more than 37% recording its worst monthly performance since 2011.
The next generation of decentralized finance applications, products, and services is just around the corner. Builders and developers need to leverage the most secure and robust networks and pay close attention to Bitcoin. Building on the DeFiChain blockchain is the most straightforward option, as it provides crucial benefits and opportunities.
Effective July 1, the Indian government has started levying a 1% tax at the source (TDS) for trading cryptocurrencies. Just in the last five days, volumes at three major cryptocurrencies – ZebPay, WazirX, and CoinDCX – have plummeted to the tune of 60-87%.
According to a recent retweet by Santiment, it seems that the volume of Solana-based NFTs exceeded that of Ethereum. Well, in reality, the volume differs with a tiny yet critical factor.
Voyager Digital, a provider of digital currency trading services, saw its shares plunge 34% on Tuesday after the company said it was limiting some of its services due to “unprecedented” market conditions.
Data from the Nasdaq-listed cryptocurrency exchange Coinbase shows that 92% of the platform’s users are buying up the meme-inspired cryptocurrency Shiba Inu ($SHIB) amid an ongoing accumulation trend that has seen the price of SHIB hold relatively well over the past 30 days.