New Delhi: Crypto market was holding its gains from the previous day on Friday.

Bitcoin held about the $23,000 mark but the hawkish comments from the Fed member spooked the traders. Fed indicated that it would continue rate hikes to control the bewildering inflation amid the recession buzz.

All the top crypto tokens were trading with decent gains on Friday. BNBzoomed more than 4 per cent, Polkadot surged about 3 per cent. Dogecoin, Polygon, Uniswap and Tron added 2 per cent each.

The global cryptocurrency market cap was trading higher at the $1.08 trillion mark, rising marginally higher in the last 24 hours. However, the total trading volume dropped more than 4 per cent, close to $63.31 billion.

Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 09.00 hours, IST on August 05, 2022)

The crypto market traded slightly lower on Thursday as uncertainty spills from legacy markets, but bulls still have the upper hand in the market, said Edul Patel, CEO and co-founder, Mudrex. "Bitcoin's current support is at $22,000, while the resistance is at $23,000. We may see BTC retest the US$23,000 level soon."

The second largest cryptocurrency, Ethereum, is slowly gearing up and accumulating power to make a move. A continued rise is likely if the price today returns to the $1,700 level, he added.

CoinDCX to host 'UNFOLD 2022' to bring Web3.0 community under one roof

Homegrown crypto exchange, CoinDCX has announced to host 'UNFOLD 2022' to bring developers, investors, Web3 startups and regulators from August 26-28, 2022, in Bangalore.

The aforesaid event is aimed to showcase and discuss how India can leverage its Web3.0 talent and knowledge to be a global leader. UNFOLD 2022 will provide a platform for industry stalwarts to discuss the trends of Web 3.0.

The event, with the theme 'innovation' is supported by BuidlersTribe and Devfolio and will also introduce the first edition of the Unfold 2022 Hackathon and Demo Day.

This cross-chain hackathon will be a melting pot of Web3 builders to interact and win bounties worth more than $50,000 by solving real-world problems.

During the event, Web3 startups will get an opportunity to pitch their ideas to investors including CoinDCX Ventures. The perks of winning the demo day include a $1 million pool of funding and $25K of grants.

Technologies evolve for hundreds of years and the internet is just 30 years old, where most benefits are yet to be built and harnessed, said Neeraj Khandewal, Founder, CoinDCX.

"I believe Web 3.0, powered by blockchain technology, is the next Internet revolution that empowers the common man. As the first crypto unicorn of India, we believe in leading this technological revolution of Web 3.0," he added.

CoinDCX claims to be India's most valuable crypto company and is among the top crypto exchanges in the country, with more than 13 million registered users.

Qonetum Finance launches hybrid decentralized funding platform

Qonetum Finance Foundation has launched Post Dex Offerings (PDO), a decentralized fundraising model for existing crypto projects, creating a hybrid fundraising, strategic staking, and liquidity mining alternative solution.

Millions of new investors have experienced the thrill of a bull market. But, markets don’t go straight up (even the best blue chip stocks), and investors now want to know how to navigate tricky bearish markets. This is where experience really matters.

How it Works
The smart contract layer sends 100 per cent of the investment funds to third-party decentralized staking protocols, such as Venus, Curve, Compound, and others, in order to generate yield for investors, while removing any potential opportunity loss for the time pending.

Cryptocurrency price today, How to make monthly Buying Plans on crypto?

Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 09.00 hours, IST on August 05, 2022)

CoinDCX to host 'UNFOLD 2022' to bring Web3.0 community under one roof

Qonetum Finance launches hybrid decentralized funding platform