Cryptocurrency News Today Archives

Crypto exchange Binance exits Canada market due to new policies

Binance, a prominent blockchain and cryptocurrency platform, has stated that it is leaving the Canada market owing to the country’s new stablecoin and investment restrictions.

The company tweeted, “We are announcing that Binance will be joining other notable crypto businesses in proactively withdrawing from the Canadian market.”

The Canadian Securities Administrators (CSA), according to CoinDesk, published new guidance in February that forbids crypto asset trading platforms in the nation from allowing users to acquire or deposit stablecoins without first receiving CSA clearance.

Leading #Blockchain and #Cryptocurrency platform #Binance has announced its exit from the #Canadian marketplace due to new stablecoin and investor limits in the country. pic.twitter.com/JHYz30pt0i
— IANS (@ians_india) May 15, 2023

RBI Governor Shaktikanta Das’s big statement on cryptocurrencies – The next financial crisis will be caused by crypto

Shaktikanta Das, governor of the Reserve Bank of India, made a significant announcement about cryptocurrencies on Wednesday. Private cryptocurrencies, according to him, may trigger a financial disaster. He has also described cryptocurrency as a form of gambling.

Cryptocurrencies extremely dangerous for financial stability

The RBI Governor warned that cryptocurrencies are very hazardous to financial stability while speaking at the BFSI Summit. According to him, the value of cryptocurrencies is solely based on conjecture and lacks any substance.

According to the governor of the RBI, the macroeconomic and financial stability of the country may be significantly challenged.

It was anticipated that the government will present a bill to Parliament to control cryptocurrencies. However, the administration decided not to introduce this law. Recently, the administration was also questioned in Parliament about this. The administration responded by claiming that cryptocurrencies are a global problem. And limiting regulation to India will not be effective. To control it, the entire globe must act together.

The value of crypto decreased

The governor of the RBI issued a warning that cryptocurrency will trigger the upcoming financial catastrophe. He added that the whole worth of cryptocurrencies has decreased to $140 billion. He added that investors worth $40 billion had lost everything.

Cryptocurrencies Bitcoin and Ether fell sharply, Dogecoin fell 24%

On Tuesday, the majority of cryptocurrencies began to trade bullishly, but the rise abruptly came to an end. A significant drop in Bitcoin’s price occurred on Wednesday, the world’s biggest and most popular cryptocurrency. Bitcoin is currently worth $18,204, a 12% decrease from Wednesday.

On the other hand, Ether of the Ethereum blockchain, the second most popular cryptocurrency in the world after bitcoin, also had a major drop on Wednesday, plunging by 16 percent. Wednesday’s price of ether is down to $1,312.

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A 24% drop in Dogecoin

Dogecoin, on the other hand, experienced a steep decrease on Wednesday of 24%. On Wednesday, Dogecoin is trading for $0.08. Shiba Inu is down 15% on Wednesday and trading at $0.000010 simultaneously. Additionally, on the previous day, prices fell for Solona, Tether, XRP, Tron, Litecoin, Uniswap, Epicoin, Polygon, Cardano, Stellar, Chainlink, and Polkadot.

Cryptomarket cap drops 11% globally

The agreement between Crypto Binance and FTX on Wednesday is thought to be the main cause of this decrease. As a result, on Wednesday, the value of the global cryptocurrency market fell below $1 trillion. Global Crypto market capitalization currently stands at $952 billion, down about 11% from yesterday.

Cryptocurrency News Today: Market stable, but 3 coins jump more than 1 thousand percent

There is little movement in the cryptocurrency market today, Wednesday, although the crypto market cap is still at the green mark. At 9:48 am, the Global Crypto Market Cap has risen by 0.07%, reaching $2.15 trillion. Speaking of big coins, Tera Luna saw a good increase yesterday. Bitcoin and Ethereum experienced very little movement. Today, there are three coins that have gone up by more than 1000 percent.

On Tuesday, Bitcoin was trading at $47,409.07, up 0.13% as per Coinmarketcap data. The price of Ethereum the second-largest coin climbed 0.27% to $3,385.32 in the last 24 hours. Currently, Bitcoin holds a market dominance of 42.2%, while Ethereum holds a market dominance of 19%.

Which cryptocurrency is better in the market, know

Terra – LUNA – Price : $106.32, Increase : 2.42%
Dogecoin – DOGE – Price : $0.1422, Increase : 1.55%
Solana – SOL – Price : $111.06, Increase : 1.33%
Shiba Inu – Price : $0.00002718, Increase : 0.66%
BNB – Price : $433.19, Increase : 0.04%
Polkadot – Price : $22.27, Increase : 0.04%
Avalanche – Price : $92.37, Decrease : 1.88%
XRP – Price : $0.8612, Decrease : 1.17%
Cardano – ADA – Price : $1.19, Decrease : 0.95%

Coin with the highest height

According to data as of 9:30 am, the three largest coins were Will Smith Inu (WSI), Pyroblock (PYR), and MetaPay. The coin dubbed Will Smith Inu (WSI) had gained 2647.87% at the time of writing the news on Wednesday, and Pyroblock (PYR) jumped 1789.40%. MetaPay is at number three with an increase of 1004.28%.