cryptocurrency trading started out in the red on early trade on August 6 . The market capitalization of all cryptocurrencies is USD 1.10 trillion, up 1.78 percent from yesterday. Cryptocurrency market volume during the last 24 hours was USD 69.41 billion, a rise of 11.22 percent.
DeFi has a total volume of USD 6.54 billion right now, which is 9.43% of the 24-hour volume of the entire crypto market. All stable coin volume is currently USD 63.07 billion, or 90.86 percent of the 24-hour volume of the whole crypto market.
At the moment, Bitcoin costs Rs 18.56 lakh and has a 40.36 percent market share. According to information from CoinMarketCap, this represented a daily decline of 0.35 percent.
In the news, we briefly describe what happened in the Solana wallet breaches, unravel how the attack took place, and suggest precautions that investors can take to protect their cryptocurrency holdings.
Further, given that cryptocurrency lending platforms took the brunt of the market's decline in the first half of 2022, repeatedly faltering and halting withdrawals, and abandoning hundreds of investors in the dark. When these cryptocurrency companies fail, what happens to the money of investors? Do investors have any recourse? In other news, Voyager Digital Holdings Inc., a cryptocurrency company, has been given permission by the U.S. Bankruptcy Court in New York to restore USD 270 million in customer funds, the Wall Street Journal reported on Friday.
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