Business
oi-Sneha Kulkarni
The worldwide crypto market valuation is now $1.86 trillion, up 2.32 percent from the previous day. The overall crypto market volume over the last 24 hours has increased by 3.38 percent to $106.67 billion.
For the first time in over two months, Bitcoin’s surge above a long-term moving average, which served as resistance at $45,000, has been breached.
According to CoinDesk data, the world’s largest cryptocurrency by market capitalization is presently trading for roughly $45,712 after peaking at $46,691 in the previous 24 hours.
In early August, the cryptocurrency market maintained a strong bullish trend, with the total market capitalization approaching $2 trillion.
On August 9, the total crypto market cap surpassed $1.9 trillion for the first time since May 18, according to statistics from crypto data aggregator CoinGecko.
CoinDCX
CoinDCX, a crypto exchange based in Mumbai, has raised $90 million in a Series C fundraising round, making it India’s first unicorn crypto company.
The investment round was headed by B Capital Group, with participation from returning investors including as Block.one, Coinbase Ventures, Polychain, and Jump Capital, according to the statement.
Uganda
According to a board member of the Blockchain Association of Uganda (BAU), Uganda’s blockchain community applauds the government’s recent call for the creation of a cryptocurrency legal framework. Suleiman Murunga, one of the members, adds that such a structure “will improve investor confidence and involvement by innovators.”
Cryptocurrency mining
Blockchains and cryptocurrencies are becoming increasingly scrutinised by regulators. The economic activities that underpin and are facilitated by blockchains have become a key issue for regulators, from China’s cryptocurrency mining ban to Treasury Secretary Janet Yellen’s Working Group on Financial Markets.
Ether
According to data from crypto intelligence platform OKLink, the amount of ether (ETH, +0.77% ) held on centralized exchanges (CEX) has decreased to 9.4 percent of the entire supply today, the lowest in three years. According to OKLink data, just 11 million of the 117 million ether in circulation were held on addresses associated to CEX. By market capitalization, Ether is the second-largest cryptocurrency.
AMC
AMC Entertainment Holdings, the nation’s largest movie theatre chain, will begin accepting bitcoin (BTC, -0.56% ) payments for tickets and snacks before the end of the year, according to CEO Adam Aron, who spoke on the company’s second-quarter earnings call Monday.
Top 10 Cryptocurrency Prices On August 10, 2021
| Cryptocurrency | Price | 24h % |
| Bitcoin | $45,478.57 | -0.36% |
| Ethereum | $3,135.13 | 0.25% |
| Tether | $1.00 | 0.00% |
| Binance Coin | $356.29 | 0.36% |
| Cardano | $1.59 | 7.64% |
| XRP | $0.8156 | -0.37% |
| Dogecoin | $0.2537 | -3.01% |
| Polkadot | $20.66 | -0.31% |
| Uniswap | $29.55 | 4.40% |
| USD Coin | $0.9999 | 0.01% |
Story first published: Tuesday, August 10, 2021, 16:58 [IST]