Connect with us

Cryptocurrency

Ethereum Falls 10% In Selloff

Published

on


© Reuters Ethereum Falls 10% In Selloff

Investing.com – Ethereum was trading at $1,946.34 by 09:02 (13:02 GMT) on the Investing.com Index on Thursday, down 10.31% on the day. It was the largest one-day percentage loss since May 11.

The move downwards pushed Ethereum’s market cap down to $235.95B, or 19.42% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.

Ethereum had traded in a range of $1,796.24 to $2,190.51 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 33.29%. The volume of Ethereum traded in the twenty-four hours to time of writing was $53.01B or 21.61% of the total volume of all cryptocurrencies. It has traded in a range of $1,796.2371 to $2,757.1396 in the past 7 days.

At its current price, Ethereum is still down 59.99% from its all-time high of $4,864.06 set on November 10, 2021.

Elsewhere in cryptocurrency trading

Bitcoin was last at $28,364.1 on the Investing.com Index, down 3.42% on the day.

Tether was trading at $0.9959 on the Investing.com Index, a loss of 0.29%.

Bitcoin’s market cap was last at $540.89B or 44.52% of the total cryptocurrency market cap, while Tether’s market cap totaled $82.26B or 6.77% of the total cryptocurrency market value.

Cryptocurrency

US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

Published

on


US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

The United States Department of Justice may move forward on a criminal prosecution case against a U.S. citizen who allegedly violated sanctions through cryptocurrency.

According to a Friday opinion filing in U.S. District Court for the District of Columbia, the unnamed individual who is the subject of a criminal investigation by the Justice Department allegedly sent more than $10 million in Bitcoin (BTC) from a U.S.-based crypto exchange to an exchange in a country for which the U.S. currently imposes sanctions — suggesting Russia, Cuba, North Korea, Syria, or Iran. The filing alleged the individual “conspired to violate the International Emergency Economic Powers Act” and conspired to defraud the United States.

Continue Reading on Coin Telegraph

Continue Reading

Cryptocurrency

BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools

Published

on


BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools

Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last week’s volatility is likely to have newer investors and those who took on heavy losses questioning the future of the burgeoning asset class, but in every bear trend there is a silver lining.

One platform that appears to be capitalizing on the void created by TerraUSD’s (UST) collapse is Beefy Finance (BIFI), a multi-chain yield optimizing decentralized finance protocol.

BIFI/USDT 4-hour chart. Source: TradingView

Continue Reading on Coin Telegraph

Continue Reading

Cryptocurrency

MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security

Published

on


MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security

Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is nowhere near the price estimates of most analysts, multiple stablecoins lost their peg and the demise of one of the top decentralized finance (DeFi) platforms sparked an event that resulted in $900 billion vanishing from the total crypto market capitalization.

In the midst of the widespread fallout, MakerDAO (MKR) managed to turn crisis into opportunity and the collapse of TerraUSD (UST) has brought renewed attention to DAI, the longest-running decentralized stablecoin.

MKR/USDT 1-day chart. Source: TradingView
Top-5 protocols by total value locked. Source: Defi Llama

Continue Reading on Coin Telegraph

Continue Reading

News

Stock Markets25 mins ago

Trump’s social media app may raise up to $50 million before deal closes -filing says

2/2 © Reuters. FILE PHOTO: The Truth social network logo is seen displayed behind a woman holding a smartphone in...

Stock Markets25 mins ago

Abbott, FDA reach agreement to reopen baby formula facility in Michigan

2/2 © Reuters. FILE PHOTO: Abbott Laboratories logo is displayed on a screen at the New York Stock Exchange (NYSE)...

Stock Markets25 mins ago

Dow Futures Little Changed After Mixed Session

© Reuters. By Oliver Gray  Investing.com – U.S. stock futures remained little changed in Monday’s evening trade, after a mixed...

Stock Markets25 mins ago

Third Point’s Loeb turns back on Disney, cools on Amazon in first quarter

3/3 © Reuters. FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on...

Stock Markets26 mins ago

Buffett-backed Nubank beats revenue estimates on strong client additions

© Reuters. FILE PHOTO: A banner for Nubank, the Brazilian FinTech startup, hangs on the facade at the New York...

Cryptocurrency26 mins ago

US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions

US federal judge approves of Justice Dept criminal complaint on using crypto to evade sanctions The United States Department of...

World26 mins ago

An oasis in underserved Buffalo neighborhood became killing field

© Reuters. Mourners react while attending a vigil for victims of the shooting at a TOPS supermarket in Buffalo, New...

Stock Markets26 mins ago

GTA publisher Take-Two signals drop in demand from pandemic highs

© Reuters. FILE PHOTO: NBA 2K22 and Grand Theft Auto 5 by Take-Two Interactive Software Inc are seen for sale...

Stock Markets26 mins ago

Intel shareholders reject compensation packages for top executives

2/2 © Reuters. FILE PHOTO: Intel’s logo is pictured during preparations at the CeBit computer fair, which will open its...

Stock Markets55 mins ago

Tencent Music’s Q1 revenue underwhelms as competition heats up

© Reuters. FILE PHOTO: The logo of China’s Tencent Music Entertainment Group is seen next to an earphone in this...

Stock Markets55 mins ago

Tiger Global raised stakes in some tech names battered by year’s rout -filing

4/4 © Reuters. FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange (NYSE) in...

World55 mins ago

Suspect in Buffalo supermarket massacre visited city in March, police say

© Reuters. A Buffalo Police officer stands at the scene of a shooting at a TOPS supermarket in Buffalo, New...

World56 mins ago

U.S. revises Cuba policy, eases restrictions on remittances, travel

2/2 © Reuters. FILE PHOTO: Emigres wave American and Cuban flags outside Versailles restaurant, in reaction to reports of protests...

Cryptocurrency56 mins ago

BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools

BIFI gains 100%+ after Beefy Finance adds new vaults and stablecoin liquidity pools Winston Churchill’s statement to “never let a...

Commodities56 mins ago

Oil settles higher on demand optimism, gasoline strength

© Reuters. FILE PHOTO: An aerial view shows an Idemitsu Kosan Co. oil facility in Ichihara, east of Tokyo, Japan...

Stock Markets1 hour ago

Rocket Lab USA Shares Gain 5% on Q1 Earnings Beat and Raise

© Reuters. Rocket Lab USA Shares Gain 5% on Q1 Earnings Beat and Raise Rocket Lab USA, Inc. (RKLB) shares...

Stock Markets1 hour ago

United Airlines lifts second-quarter revenue forecast

© Reuters. FILE PHOTO: United Airlines planes are parked at their gates at O’Hare International Airport ahead of the Thanksgiving...

Cryptocurrency1 hour ago

MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security

MakerDAO price rebounds as DAI holds its peg and investors search for stablecoin security Its been a rough couple of...

World1 hour ago

Democratic frontrunner in Pennsylvania Senate primary to skip rally after stroke

© Reuters. FILE PHOTO: Lt. Gov. John Fetterman, U.S. Democratic Senate candidate for Pennsylvania, poses for a portrait at a...

Commodities1 hour ago

Moscow says G7 attempts to isolate Russia make global food crisis worse

© Reuters. FILE PHOTO: Ears of wheat are seen in a field near the village of Zhovtneve, Ukraine, July 14,...

World1 hour ago

U.S. rolls out revised Cuba policy, easing some restrictions on remittances, travel

© Reuters. FILE PHOTO: Emigres wave American and Cuban flags outside Versailles restaurant, in reaction to reports of protests in...

Sports & General1 hour ago

Johnny Depp’s attorneys challenge Amber Heard on abuse claims

3/3 © Reuters. FILE PHOTO: Actor Johnny Depp reacts as he leaves for a recess during a defamation trial against...

Stock Markets2 hours ago

Tencent Music Reports Q1 Miss, Revenues Down 15.1%

© Reuters. Tencent Music (TME) Tencent Music Reports Q1 Miss, Revenues Down 15.1% Tencent Music Entertainment Group (NYSE:TME) reported its Q1...

Stock Markets2 hours ago

Rivian Automotive CEO Purchases $1 Million Worth of Stock

© Reuters Rivian Automotive CEO Purchases $1 Million Worth of Stock According to SEC Form 4, on May 16, Robert...

Stock Markets2 hours ago

Buffett-backed Nubank swings to profit on strong client base, loan volumes

© Reuters. FILE PHOTO: A banner for Nubank, the Brazilian FinTech startup, hangs on the facade at the New York...

World2 hours ago

Ukrainian force begins evacuating from last Mariupol stronghold

2/2 © Reuters. FILE PHOTO: A local resident rides a bicycle past a charred armoured vehicle during Ukraine-Russia conflict in...

Cryptocurrency2 hours ago

Do Kwon proposes Terra hard fork to save ecosystem

Do Kwon proposes Terra hard fork to save ecosystem On Monday, Do Kwon, co-founder of the troubled Terra Luna blockchain,...

Cryptocurrency2 hours ago

Brazilian Stock Exchange set to launch Bitcoin and Ethereum futures

Brazilian Stock Exchange set to launch Bitcoin and Ethereum futures The Brazilian Stock Exchange, B3, is set to launch its...

Stock Markets2 hours ago

Abbott, FDA enter deal over reopening of baby formula facility in Michigan

© Reuters. FILE PHOTO: Abbott Laboratories logo is displayed on a screen at the New York Stock Exchange (NYSE) in...

World2 hours ago

California law requiring women on company boards struck down

© Reuters. FILE PHOTO: A view of the skyline of downtown Los Angeles, California, U.S., March 22, 2022. REUTERS/Mike Blake...

Trending