Last Updated : October 04, 2021 / 08:44 AM IST
Top cryptocurrency news on October 4: Major stories on Bitcoin, challenges & analysis
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
Bitcoin trading close to Rs 37 lakh
Cryptocurrency prices continue to be in the red on October 4. The global cryptocurrency market cap is Rs 157.34 lakh crore, a 0.26 percent increase over the last day, while the total crypto market volume over the last 24 hours is Rs 643,466 crore, which makes a 11.07 percent decrease. Bitcoin's price is currently Rs 3,699,630 and its dominance is currently 42.44 percent, an increase of 0.12 percent over the day. Read full here.
Rapid growth and increasing adoption of crypto assets pose financial stability, challenges: IMF
Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of their units and verify the transfer of funds, operating independently of a central bank. The rapid growth of the crypto ecosystem presents new opportunities, the IMF has said but also cautioned that the digital currency assets pose financial stability challenges. Read more here.
The turbulent crypto world
The year 2021 has been remarkable for the cryptocurrency world, marking several highs and lows with volatility continuing in September as well. The cryptocurrency market continued its descent with September marking a turbulent and volatile trend for investors. Here’s a look at the journey so far in charts. Read details here.
Will the next web be built on ethereum?
Interest in the Ethereum blockchain has soared over the past year, as developers have turned to it to create a wave of decentralised finance projects, known as DeFi, and unique digital tokens called NFTs. The price of Ethereum’s currency, known as ETH, which is used to pay for the computing power needed to run the blockchain, has jumped ninefold. Read more in this pro copy here.