Major cryptocurrencies traded flat early on July 4. The global crypto market-cap rose marginally by 0.60 percent to $871.80 billion over the last day. On the other hand, the total crypto market volume declined by 2.72 percent to $40.12 billion over the last 24 hours.
The total volume in DeFi stood at $4.10 billion, 10.23 percent of the total crypto market 24-hour volume. The volume of all stable coins was at $36.64 billion, which accounted for 91.33 percent of the total crypto market 24-hour volume.The price of Bitcoin hovered around Rs 15.61 lakh. The market dominance of world's largest cryptocurrency declined marginally by 0.19 percent to 42.06 percent early today.
Meanwhile, Facebook parent Meta has announced it will shut down its digital wallet for cryptocurrency, Novi, on September 1, 2022, barely a year after it started the project.
The product didn't even make it to a full launch, closing its doors at pilot stage. Meta said the Novi app and its integration with WhatsApp will no longer be available and users will not be able to sign in to their accounts after the expiry date.Major cryptocurrencies traded in the red early on July 26. The global crypto market cap is $967.59 billion, a five per cent decrease over the last day. The total crypto market volume over the last 24 hours increased 26.49 per cent to $77.20 billion.
The total volume in DeFi is currently $6.19 billion, 8.01 per cent of the total crypto market 24-hour volume.The volume of all stable coins is now $70.93 billion, which is 91.87 per cent of the total crypto market 24-hour volume.
Bitcoin's price hovered around 17 lakh. Bitcoin’s dominance is currently 41.66 per cent, an increase of 0.01 per cent over the day, according to CoinMarketCap data.In other news, Coinbase Global Inc is reportedly facing a US probe into whether it improperly let Americans trade digital assets that should have been registered as securities.Representative image
Aptos Labs, a startup that rose from the wreckage of Meta Platforms Inc.’s failed crypto ambitions, has raised $150 million in new funding, the company announced Monday.
The funding round more than doubled the startup’s previous valuation—which was over $1 billion in March—even as venture capitalists cool on crypto investing, and other digital currency startups look to raise at lower valuations during the market downturn. Founded less than a year ago, Aptos raised $200 million from investors in its last funding round. The company declined to specify its new valuation.
Aptos’ co-founders Mo Shaikh and Avery Ching are former employees of Meta and worked on the doomed cryptocurrency project, Diem, which was backed by Meta but met with strong resistance from regulators, and eventually sold its assets. Based in Palo Alto, California, Aptos is building a blockchain that uses a programming language called Move, which also powered the Diem blockchain and is supposed to make transactions faster and cheaper.
“We are developing upgradable, cutting-edge blockchain innovations that will dramatically improve the web3 experience for developers, brands and users,” Ching said in a statement to Bloomberg.
Mysten Labs, another startup founded by ex-Meta workers, is also building a blockchain that uses the Move language and is raising new funding, according to reports. Both Aptos and Mysten share investors, including Andreessen Horowitz and Coinbase Ventures.
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