Crypto
Here’s how Bitcoin, Ethereum, and other tokens are performing on Monday
What’s the story
Bitcoin has lost 1.52% in the last 24 hours, trading at $68,533.35. It is up 7.71% from last week.
The second most popular token, Ethereum, has dropped 2.48% from yesterday, and is trading at $3,854.36. From the previous week, it is up 10.62%.
Bitcoin and Ethereum have a market capitalization of $1,365 billion and $463.42 billion, respectively.
How have other prominent cryptocurrencies performed?
BNB is trading at $521.69, a 5.65% increase from yesterday and 25.71% higher than last week.
The current price of XRP is $0.66, down 2.86% in the last 24 hours. It is 3.76% lower compared to last week.
Cardano and Dogecoin are trading at $0.77 (down 3.49%) and $0.11 (down 6.53%), respectively.
Solana’s price has increased by 8.37% since last week
Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $140.64 (down 4.48%), $10.43 (down 0.55%), $0.000033 (down 8.45%), and $1.19 (up 1.94%), respectively.
Looking at the weekly chart, Solana has gained 8.37%, while Polka Dot has gained 6.75%.
In the past week, Shiba Inu’s value has increased by 40.96%, whereas Polygon is 8.1% up.
Take a look at top 5 gainers of the day
The top five gainers on the basis of the 24 hourly movement are Gala, Pyth Network, Theta Network, NEAR Protocol, and FLOKI. They are trading at $0.077 (up 26.13%), $0.88 (up 20.59%), $3.47 (up 12.76%), $6.83 (up 12.12%), and $0.00022 (up 11.27%), respectively.
What’s going on with the popular stablecoins?
A stablecoin is a cryptocurrency with extremely low volatility. Its value is pegged to a real-world asset such as fiat currency or gold.
Talking about some of the popular tokens, Tether, USD Coin, and Binance USD are trading at $1 (down 0.14%), $1 (flat), and $536.9995 (up 11.87%), respectively.
Today’s top 5 losers
The biggest losers of the day are JasmyCoin, Shiba Inu, Pepe, Bonk, and Ronin. They are trading at $0.022 (down 8.87%), $0.000033 (down 8.32%), $0.0000088 (down 7.75%), $0.000033 (down 6.89%), and $3.66 (down 6.87%), respectively.
Take a look at leading DeFi tokens
DeFi, short for decentralized finance, refers to all global, peer-to-peer financial services on public blockchains.
Some of the popular DeFi tokens are Avalanche, Chainlink, Uniswap, Internet Computer, and Dai.
They are trading at $41.55 (down 3.71%), $21.31 (up 6.91%), $14.11 (down 1.23%), $13.99 (down 3.85%), and $0.99 (down 0.03%), respectively.
Top 5 NFT tokens of the day
Non-fungible tokens (NFTs) are cryptocurrencies that lack the attribute of fungibility, which means they cannot be exchanged for one another like other tokens.
Among the popular NFT tokens are Internet Computer, Immutable, Render, Stacks, and Theta Network.
They are currently trading at $13.98 (down 3.87%), $3.49 (up 0.59%), $11.65 (down 2.82%), $2.99 (down 3.08%), and $3.48 (up 12.89%), respectively.
Total cryptocurrency market capitalization
The current global crypto market cap is $2.61 trillion, a 0.26% increase over the last day.
The total crypto market volume over the last 24 hours is $110.85 billion, which marks a 25.28% increase.
The global cryptocurrency market valuation was $1.8 trillion last month, in comparison to $1.64 trillion three months ago.
The UK is set to introduce new legislation by 2027 that will bring cryptocurrencies, including Bitcoin, under a regulatory framework akin to traditional financial products.
The Treasury has unveiled plans for these new laws, which will mandate crypto firms to adhere to a specific set of standards and rules. These will be rigorously overseen by the Financial Conduct Authority (FCA).
This move comes amidst a broader push to reform the burgeoning crypto market, which has seen a surge in popularity as both an alternative investment and a method of payment.
Currently, unlike established financial instruments such as stocks and shares, the cryptocurrency sector lacks comparable regulation, potentially leaving consumers with reduced protection.
The Government said the new rules, coming into force in 2027, will make the industry more transparent and make it easier to detect suspicious activity, impose sanctions or hold firms to account over their activity.
Chancellor Rachel Reeves said: “Bringing crypto into the regulatory perimeter is a crucial step in securing the UK’s position as a world-leading financial centre in the digital age.
“By giving firms clear rules of the road, we are providing the certainty they need to invest, innovate and create high-skilled jobs here in the UK, while giving millions strong consumer protections, and locking dodgy actors out of the UK market.”
Crypto firms, which can include crypto exchanges and digital wallets, currently have to register with the FCA if they provide services that fall within the scope of money laundering regulations.
The changes will bring firms that provide crypto services into the remit of the FCA with the intention of supporting legitimate businesses.
City minister Lucy Rigby said: “We want the UK to be at the top of the list for cryptoassets firms looking to grow and these new rules will give firms the clarity and consistency they need to plan for the long term.”
Crypto
SEC Sets Bullish Tone on On-Chain Markets as Blockchain Settlement Becomes Strategic Priority
WESTLAKE, Ohio – A convenience store clerk at 1:30 p.m. on Nov. 26 alerted a police dispatcher that a female customer was feeding large amounts of cash into a cryptocurrency ATM at the store on Center Ridge Road at Dover Center Road.
The clerk said the customer would not believe the clerk’s warning that she was being scammed.
Officers arrived to find the 71-year-old still “anxiously depositing” cash into the machine. Officers told her to stop, but she did not believe the uniformed men. The officers talked to her for several minutes before she finally believed that there was an issue. She was still on the phone with the scammer at the time.
The incident started that morning when the victim received a pop-up message on her home computer instructing her to call a provided support phone number due to a supposed issue with the computer’s operating system. She called the number and was connected to a man who claimed he was a representative from Apple, according to a police department press release.
The man talked her into allowing him remote access to her computer while he asked for her bank information. The scammer talked the victim into believing that there was a problem with her accounts, and she was at risk of losing $18,000 in connection with pornographic websites out of China or Mexico.
She was connected to a fake fraud department for her bank, and another scammer persuaded her to go to a bank and withdraw as much cash as they would allow. The scammer even told her to give the teller a story about needing cash to buy a car. The perpetrator kept the woman on the phone as she took out cash and traveled to the crypto ATM. The victim had deposited approximately $5,500 before officers persuaded her to stop. The Westlake Detective Bureau is attempting to recover the lost funds.
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