What is up CRYPTO!
Cryptocurrency Prices Today August 13: Bitcoin up, Ethereum biggest gainer
Cryptocurrencies traded mixed on Friday amid mixed trends in global markets. The total cryptocurrency market cap stood at $1.14 trillion.
The biggest and most well-known virtual currency in the world, Bitcoin, dropped 2% to $24,026.4. Its market value stood at $458 billion. The trade volume was at $31.7 billion. The token has risen 3.7 percent in the last seven days.
The second-largest virtual currency, known as Ethereum or Ether, was up 0.5 percent at $1,898.9 with market value of $230.8 billion.The trade volume of Ethereum was $19.4 in the last 24 hours.
Meme-based virtual currency Dogecoin was 0.2 percent up with a trading volume of $495.4 million. Shiba Inu was trading 0.2 percent up at $0.000012 while Solana was 1.7 percent down at $1.3 billion.
The Indian financial market opened flat on Friday before gaining later in the trade.
Crypto Billionaire Sam Bankman-Fried, Justin Sun Reportedly Eyeing Majority Takeover Of Huobi
The founder of crypto exchange Huobi Global, Leon Li, is in discussions to sell nearly 60% of his investment in Huobi, which accounts for 5% of all crypto trading volume. Reports on Saturday indicate the deal is priced between $2 and $3 billion.
Li thinks the new owners are "strong and resourceful" based on early reports. Additionally, prospective investors must place a high value on the Huobi brand and provide sufficient funds to support its growth.
Sam Bankman-Fried, the founder of FTX, and Justin Sun, the creator of Tron, are in talks with Huobi about buying a share, according to persons with knowledge of the deal.
Crypto Exchange Binance Recovers $450K Stolen From DeFi Protocol Curve.Finance
The world's largest exchange is working with law enforcement to return the funds.
Binance, which is the world's largest crypto exchange, is working with law enforcement to return the funds to affected users, according to a tweet from Zhao.
The crypto exchange has frozen or recovered $450,000 that was taken from the decentralised finance (DeFi) system Curve.Finance earlier this week, according to Binance CEO Changpeng Zhao "CZ" on Friday.
Hackers stole around $570,000 from Curve.Finance on Tuesday. After then, the platform's creators claimed to have found and resolved the problem's root cause.
Because of its CRV token awards emissions, which provide various other protocols money, Curve.Finance is a significant participant in the DeFi industry.
‘It’s going to be government money’: Jim Rogers just issued a serious warning to crypto investors — here are the 2 shockproof assets he likes instead
Cryptocurrencies are seeing a significant reversal after many years of wonderful gain. For instance, Bitcoin is down 50% year to date.
Despite the fact that many currencies appear to be on sale, legendary investor Jim Rogers cautions that owning crypto assets has one risk: the government.
In a recent interview with Bloomberg Crypto, he stated, "If and when all of our money is on our computer, it will be government money. The way bureaucrats think is different. Politicians do not believe in that. They seek authority. They wish to control everything.
In June, Rogers told ET Now that “there is no such thing as safe” in the world of investments. Still, the multimillionaire points to two assets that could help you withstand the uncertainty ahead – they also happen to be solid hedges against rampant inflation which are Silver & Agriculture
Tornado Cash Token Loses 24% Of Value After Developer Arrest
After a suspected developer for the crypto transaction mixing protocol was detained by Dutch police in Amsterdam on Friday, the price of TORN, the Tornado Cash token, fell by over a quarter in the previous 24 hours.
Tornado Cash observed a dramatic decline in deposits and an increase in withdrawals following the US Treasury's inclusion of the mixing protocol on its list of sanctioned parties.