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Federal Reserve decision on Wednesday is the next key catalyst, cryptos show signs of fundamental strength

White House blasts on cryptocurrencies; says 'have no fundamental value’

Federal Reserve decision on Wednesday is the next key catalyst, cryptos show signs of fundamental strength

In its latest economic report, the White House has made some scathing comments on digital assets. The report features an entire chapter which points out flaws in the crypto ecosystem as well as raises serious concerns.&nbsp; This report, which casts doubts on the merits of crypto assets, has the crypto industry outraged.&nbsp;
The report, looked at a number of claims from the crypto industry, ranging from cryptocurrencies' role as investment vehicles and payment tools to its potential use in payment infrastructure, saying that "many of them do not have a fundamental value".&nbsp;
It also includes various disasters in the crypto sector, including last year's TerraUSD collapse, BitConnect and FTX, which were cited as examples of how everyday Americans were harmed.
Report comes amid growing industry concern that federal regulators are looking to de-bank crypto companies, though state and federal regulators have thus far denied these claims. Still, the tone of the report is unlikely to assuage these concerns. Meanwhile, most cryptocurrencies have gained momentum in the recent days with Bitcoin's price hovering above the $28,000 level for the first time since June 2022. The largest digital coin has gained roughly 25% since March 8, when signs first emerged of trouble around Silicon Valley Bank (SVB), which has since folded and ignited turmoil among other lenders.&nbsp;

Bitcoin hovered near nine-month highs on Monday, and has closed out its best week in four years 

Bitcoin nears 9-month high; here's what driving the recent surge in price

Bitcoin nears 9-month high

Bitcoin hovered near nine-month highs on Monday, and has closed out its best week in four years&nbsp;

As the turmoil in traditional banking drives some investors to turn to digital assets, the biggest cryptocurrency, Bitcoin surpassed $28,000 for the first time since June 2022.&nbsp;
Bitcoin's market value fell 1.8% to $27,549 after hitting its highest since June last year, on Sunday at $28,474 .
It rose 26% last week and is up more than 35% in ten days as turmoil in the banking sector has sent&nbsp; shockwaves around the globe &mdash; beginning with the collapse of Silicon Valley Bank and culminating, so far, in UBS&rsquo; takeover of Credit Suisse at a discount over the weekend.
Ethereum, the second-biggest cryptocurrency, also rose to a seven-month high of $1,846.50 on Sunday and was last at $1,768.

Ethereum and Bitcoin have underlying platforms that are being used to build other web3 applications

Year ender 2022: these coins are the most held cryptos in India

These crypto coins are the most held cryptos in India

2022: Most held cryptos in India

Ethereum and Bitcoin have underlying platforms that are being used to build other web3 applications

Despite having one of the worst years for cryptocurrencies, Indian investors avoided panic selling.&nbsp;
According to a report by crypto exchange CoinSwitch, which claims to have over 19 million users said&nbsp;Bitcoin was the most held crypto asset, with 12% of users opting to invest in the world&rsquo;s most valuable crypto asset. This was followed by Dogecoin, Ethereum and Shiba Inu, which saw investments from 11.54%, 9.43% and 6.92% users, respectively.
The CoinSwitch report also said that investors in the age group of 18-25 years, which includes GenZ population, accounted for the highest (45%) crypto investments, while 34% of the investors were millennials in the age group of 26-35 in India.

Cryptocurrency prices crash sharply; Bitcoin falls to 2 year low 

Cryptocurrency prices crash sharply; Bitcoin falls to 2-year-low 

While BTC fell below $17,000, Solana fell the hardest at about 40 per cent

Seems like the whole week has been bad for Crypto market as prices&nbsp; remained under pressure after crypto exchange Binance said it was pulling out of a deal to purchase failing rival FTX Trading.&nbsp;
The world&rsquo;s largest cryptocurrency, Bitcoin tumbled over 10%, falling as low as $15,603.3- its weakest level since mid-2020. The token traded around $16,138.5, and has lost over 20% of its value this week.&nbsp;
Not only this, Ethereum (ETH) also &nbsp;also tumbled by more than 10% to $1,166. Dogecoin, a meme coin, which was the best performing currency for the past few days, fell 20.14 per cent.&nbsp;
The global crypto market cap slipped below the $1 trillion mark, as it was almost down over 12% in the last 24 hours to $844 billion, as per CoinGecko.

Crypto markets witness a huge crash with some of the top cryptocurrencies losing more than 99 percent of their value.
The crypto in buzz is Terra which fell to a dollar from its all-time high of $119 made on April 5, 2022. Even Terra's stable coin UST, which has to maintain a 1:1 with the U.S. Dollar, fell to as low as $0.29.
The biggest crypto Bitcoin was down over 25 percent in the last 7 days as it was trading below $30,000. Ethereum was down 56 percent from its all-time highs.
Other top cryptos like Binance coin lost 60 percent from its all-time high, Cardano (ADA) was down 85 percent, Solana tanked 80 percent, Dogecoin 88 percent, and Shiba Inu 85 percent.
With falling crypto markets we also see a crumbling wealth of crypto billionaires.
Changpeng Zhao, CEO of Binance, has lost almost 90 percent of his wealth this year. He debuted on the Bloomberg wealth index in January with a net worth of $96 billion, one of the world’s largest. By Thursday that had shrunk to $11.6 billion.
Coinbase Global Inc. founder Brian Armstrong had a personal fortune of $13.7 billion as recently as November and about $8 billion at the end of March. That’s now just $2.2 billion, according to the Bloomberg Billionaires Index.
The global cryptocurrency market cap was down 10 percent on Thursday at $1.35 trillion, as per CoinGecko.
There is a panic over inflation and fears of a potential recession that is crashing the crypto markets as investors sell off risk assets and shift to the safe-haven dollar.

Crypto markets scripting a scary story; coin down 99%, billionaires lose 90% wealth

Crypto markets see a crash as some of the top coins lost over 99% of their value.

Crypto Crash: Billions eroded 

The global cryptocurrency marketcap eroded by $1.5 trillion from peak&nbsp;

Crypto&nbsp;markets witness a huge crash with some of the top cryptocurrencies&nbsp;losing more than 99 percent of their value.
The crypto&nbsp;in buzz is Terra which fell to some 69 cents on Thursday from its all-time high of $119 made on April 5, 2022. Even Terra's stable coin UST, which has to maintain a 1:1 with the U.S. Dollar, fell to as low as $0.29.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/mass-layoffs-at-american-companies-here-is-who-is-firing-1652340430753" target="_blank">Mass layoffs at American companies: Here is who is firing</a>
The biggest crypto&nbsp;Bitcoin&nbsp;was down over 25 percent in the last 7 days as it was trading below $30,000. Ethereum was down 56 percent from its all-time highs.
Other top cryptos like Binance&nbsp;coin lost 60 percent from its all-time high, Cardano&nbsp;(ADA) was down 85 percent, Solana&nbsp;tanked 80 percent, Dogecoin&nbsp;88 percent, and Shiba&nbsp;Inu&nbsp;85 percent.
With falling crypto&nbsp;markets we also see a crumbling wealth of crypto&nbsp;billionaires.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/markets/sc-on-lic-ipo-denies-stay-on-govt-stake-sale-3-judge-bench-issues-notice-to-govt-while-attaching-case-to-ongoing-proceedings-relating-to-money-bill-1652337728173" target="_blank">Supreme Court refuses stay on LIC IPO, Issues notice to centre</a>
Changpeng Zhao, CEO of Binance, has lost almost 90 percent of his wealth this year.&nbsp;He&nbsp;debuted&nbsp;on the Bloomberg wealth index in January with a net worth of $96 billion, one of the world&rsquo;s largest. By Thursday that had shrunk to $11.6 billion.
Coinbase Global Inc. founder Brian Armstrong had a personal fortune of $13.7 billion as recently as November and about $8 billion at the end of March. That&rsquo;s now just $2.2 billion, according to the&nbsp;Bloomberg Billionaires Index.
The global cryptocurrency market cap was down 10 percent on Thursday at $1.35 trillion, as per CoinGecko.
There is a panic over inflation and fears of a potential recession that is crashing the crypto markets as investors sell off risk assets and shift to the safe-haven dollar.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/startups-shrink-from-unicorns-to-layoffs-the-firing-squad-is-here-1652263415790" target="_blank">Startups Shrink: From unicorns to layoffs, the firing squad is here</a>

Bitcoin, the dominant cryptocurrency, fell below the $35,000-level as the global markets see harsh selling amid risk aversion by investors. 
Bitcoin was trading near $34,084 on Monday morning, as per the data from CoinGecko.
The largest cryptocurrency has halved from its peak price of $67,802.30 in November 2021.
Financial markets across the globe are facing the heat as the central banks start to increase rates amid rising inflation.
Ethereum was also down over 10 percent in the last week as it was trading at $2,500.
The total market value of cryptocurrencies, which crosses $3 trillion in November 2021, has now slumped to $1.67 trillion.

Bitcoin price dips below $35,000; crypto market cap almost halved from peaks

Bitcoin, the largest cryptocurrency, dropped to trade a bit above $34,000-level as the global financial markets take a hit amid rising rates and inflation fears.

Bitcoin below $35,000

Financial markets across the globe are facing the heat as the central banks start to increase rates amid rising inflation.

Bitcoin, the dominant cryptocurrency, fell below the $35,000-level as the global markets see harsh selling amid risk aversion by investors.&nbsp;
Bitcoin&nbsp;was trading near $34,084 on Monday morning, as per the data from CoinGecko.
The largest&nbsp;cryptocurrency has halved from its peak price of $67,802.30 in November 2021.
Financial markets across the globe are facing the heat as the central banks start to increase rates amid rising inflation.
Ethereum&nbsp;was also down over 10 percent in the last week as it was trading at $2,500.
The total market value of cryptocurrencies, which crosses $3 trillion in November 2021, has now slumped to $1.67 trillion.

Crypto tax in India: Made a killing investing in Bitcoin, Ethereum or Shiba Inu? Well, now, there are taxing times as the Government of India will levy a 30% tax on all your crypto gains from April 1, 2022.
As per Finance Minister Nirmala Sitharaman's Union Budget 2022 announcement, gain on digital assets including cryptocurrencies like Bitcoin, Ethereum, Shiba Inu, etc will be taxed flat at 30%.
Also, there will be a 1% TDS and gift tax under certain conditions that shall be paid by the receiver of the digital asset as a gift. The provisions related to 1% TDS will come into effect from July 1, 2022.
Infrastructure costs incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as a deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary has said. Also, loss from the transfer of virtual digital assets (VDA) will not be allowed to be set off against the income arising from the transfer of another VDA, Chaudhary said.
Income tax return forms from next year will have a separate column for making disclosures on gains made from cryptocurrencies and paying taxes.
The 30% tax plus applicable cesses and surcharge of 15% on income above Rs 50 lakh will have to be paid on income from cryptocurrencies, Revenue Secretary Tarun Bajaj had said in February.

Crypto like bitcoin, ethereum, shiba inu, doge coin to be taxed at 30% in India | Explained

Crypto tax in India

Crypto&nbsp;investments will attract a 15% surcharge over 30% tax if income goes beyond Rs 50 lakh&nbsp;in a year.

Crypto tax in India: Made a killing investing in Bitcoin, Ethereum&nbsp;or Shiba&nbsp;Inu? Well, now, there are taxing times as the Government of India will levy a 30% tax on all your crypto&nbsp;gains from April 1, 2022.
As per Finance Minister&nbsp;Nirmala&nbsp;Sitharaman's Union Budget 2022 announcement, gain on digital assets including cryptocurrencies like Bitcoin, Ethereum, Shiba&nbsp;Inu, etc&nbsp;will be taxed flat at 30%.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/cryptocurrency/crypto-heist-top-5-blockchain-thefts-of-all-time-1648633725093" target="_blank">Crypto heist: top 5 blockchain thefts of all time</a>
Also, there will be a 1% TDS and gift tax under certain conditions that shall&nbsp;be paid by the receiver of the digital asset as a gift.&nbsp;The provisions related to 1% TDS will come into effect from July 1, 2022.
Infrastructure costs incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as a deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary has said.&nbsp;Also, loss from the transfer of virtual digital assets (VDA) will not be allowed to be set off against the income arising from the transfer of another VDA, Chaudhary said.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/personal-finance/big-tax-changes-from-april-1-here-are-the-latest-updates-1648713680377" target="_blank">Big tax changes from April 1: Here are the latest updates</a>
Income tax return forms from next year will have a separate column for making disclosures on gains made from cryptocurrencies and paying taxes.
The 30% tax plus applicable cesses and surcharge of 15% on income above Rs 50 lakh will have to be paid on income from cryptocurrencies,&nbsp;Revenue Secretary Tarun Bajaj&nbsp;had said in February.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/cryptocurrency/crypto-bill-a-look-at-how-the-world-is-regulating-cryptocurrencies-1637728858155" target="_blank">Crypto Bill: A look at how the world is regulating cryptocurrencies</a>

Bitcoin, the largest cryptocurency&nbsp;by market cap, is on a roll as it surged to the levels last seen at the starting of 2022.
Bitcoin&nbsp;rose above $47,700 on March 28, the highest level since January 2, 2022. The crypto&nbsp;has gained 42% from the lows it made this year at&nbsp;$33,000.&nbsp;
Crypto&nbsp;market value jumped close to 5% on Monday to $2.2 trillion.
Also read/watch |&nbsp;Ruchi Soya share: FPO opens March 24; anchor investors put Rs 1,290 cr
Bitcoin&nbsp;has been largely rangebound&nbsp;this year amid tensions between Russia and Ukraine and also impacted by the central banks' goodbye to their easy money policy.
In the last 7 days, other cryptos like Ethereum is up 14%, Cardano&nbsp;33%, Solana&nbsp;20%, Dogecoin&nbsp;25%, Shiba&nbsp;Inu&nbsp;14%, Terra 6%.
Also read/watch |&nbsp;Russia&rsquo;s new pitch: Bitcoin for oil &amp; gas, set to reject dollars &amp; euro

Bitcoin surges past $45,000 to the highest level since January 2022

Bitcoin jumped to $47,700 level, the highest since January 2, 2022.

Bitcoin surges past $45,000

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Crypto&nbsp;market value jumped close to 5% on Monday to $2.2 trillion.

Bitcoin, the largest cryptocurency&nbsp;by market cap, is on a roll as it surged to the levels last seen at the starting of 2022.
Bitcoin&nbsp;rose above $47,700 on March 28, the highest level since January 2, 2022. The crypto&nbsp;has gained 42% from the lows it made this year at&nbsp;$33,000.&nbsp;
Crypto&nbsp;market value jumped close to 5% on Monday to $2.2 trillion.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/markets/ruchi-soya-share-fpo-floor-price-at-big-discount-for-patanjali-led-company-1647829986467" target="_blank">Ruchi Soya share: FPO opens March 24; anchor investors put Rs 1,290 cr</a>
Bitcoin&nbsp;has been largely rangebound&nbsp;this year amid tensions between Russia and Ukraine and also impacted by the central banks' goodbye to their easy money policy.
In the last 7 days, other cryptos like Ethereum is up 14%, Cardano&nbsp;33%, Solana&nbsp;20%, Dogecoin&nbsp;25%, Shiba&nbsp;Inu&nbsp;14%, Terra 6%.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/cryptocurrency/russia-s-new-pitch-bitcoin-for-oil-gas-set-to-reject-dollars-euro-1648175799890" target="_blank">Russia&rsquo;s new pitch: Bitcoin for oil &amp; gas, set to reject dollars &amp; euro</a>

Almost half of the crypto's market value lost since its all-time high touched in November 2021. Cryptocurrencies kept on declining for the third straight month.
Also read/watch | Your Complete Crypto Guide: The Good, The Bad and The Ugly!
Bitcoin fell below $36,000 for the first time since July last year, erasing almost $600 billion of its value. It made a record high of $69,000 in November.
Cryptos have been witnessing brutal selling for some months now as the market cap fell from as high as $3 trillion to almost $1.6 trillion, as of Monday.
Also read/watch | Crypto Bill: A look at how the world is regulating cryptocurrencies
Risky assets including equities around the world are under pressure as the U.S. Federal Reserve is expected to withdraw the easy money policy.
Ethereum, the second-largest crypto as per the market value, was trading below $2,500 on Monday after its all-time high of $4,800.
Also read/watch | Budget 2022: Tax on cryptocurrencies, its definition and more 

Crypto: $1.4 trillion erased from market; Bitcoin below $36,000

$1.4 trillion of market cap lost in the cryptocurrencies which is almost half of what it was in November 2021. Bitcoin trades below $36,000 and Ethereum below $2,500.

Crypto sell-off!

The U.S. Federal Reserve is expected to withdraw the easy money policy.

Almost half of the&nbsp;crypto's&nbsp;market value lost since its all-time high touched&nbsp;in November 2021. Cryptocurrencies&nbsp;kept on declining for the third straight month.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/cryptocurrency/your-complete-crypto-guide-the-good-the-bad-and-the-ugly-1638354256100" target="_blank">Your Complete Crypto Guide: The Good, The Bad and The Ugly!</a>
Bitcoin&nbsp;fell below $36,000 for the first time since July last year, erasing almost $600 billion of its value. It made a record high of $69,000 in November.
Cryptos&nbsp;have been witnessing brutal selling for some months now as&nbsp;the market cap fell from as high as $3 trillion to almost $1.6 trillion, as of Monday.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/cryptocurrency/crypto-bill-a-look-at-how-the-world-is-regulating-cryptocurrencies-1637728858155" target="_blank">Crypto Bill: A look at how the world is regulating cryptocurrencies</a>
Risky assets including equities around the world are under pressure as the U.S. Federal Reserve is expected to withdraw the easy money policy.
Ethereum, the second-largest&nbsp;crypto&nbsp;as per the market value, was trading below $2,500 on Monday after its&nbsp;all-time high of $4,800.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/budget-2022-tax-on-cryptocurrencies-its-definition-and-more-1642390331244" target="_blank">Budget 2022: Tax on cryptocurrencies, its definition and more&nbsp;</a>

You have a bright future if you're planning your career in crypto industry. At least that's what LinkedIn data shows. 
Listing for jobs looking for candidates possessing domain knowledge and expertise in the area of cryptocurrency and blockchain surged 395 percent in 2021 in the United States, jumping over 5 times since 2020.The San Francisco Bay area, Austin in Texas, New York City, Miami-Fort Lauderdale and Denver were the areas that had the most crypto job postings in 2021.
While blockchain developers and engineers were the most sought after, with software and finance heading the space, more and more positions also opened up for professionals for accounting, consulting, staffing, and computer hardware development.

 LinkedIn: Crypto job postings jumped 395% in 2021

Listing for jobs looking for candidates possessing domain knowledge and expertise in the area of cryptocurrency and blockchain surged 395 percent in 2021 in the United States, jumping over 5 times since 2020.

Job listings for crypto-related positions increased by almost five times in 2021 compared to a year earlier.&nbsp;

You have a bright future if you're planning your career in crypto&nbsp;industry. At least that's&nbsp;what LinkedIn&nbsp;data shows.&nbsp;
Listing for jobs looking for candidates possessing domain knowledge and expertise in the area of cryptocurrency and blockchain surged 395 percent in 2021 in the United States, jumping over 5 times since 2020. Also read and watch:&nbsp;EV push: <a title="Delhi makes electric vehicle mandatory for Zomato, Swiggy, Ola, Uber" href="https://www.editorji.com/business-news/ev-push-delhi-makes-electric-vehicle-mandatory-for-zomato-swiggy-ola-uber-1642409261797">Delhi makes electric vehicle mandatory for Zomato, Swiggy, Ola, Uber</a> The San Francisco Bay area, Austin in Texas, New York City, Miami-Fort Lauderdale and Denver were the areas that had the most crypto job postings in 2021.
While blockchain developers and engineers were the most sought after, with software and finance heading the space, more and more positions also opened up for professionals for accounting, consulting, staffing, and computer hardware development.

A crypto bill is around the corner in India and panic is already at its peak with a free fall in most of the digital tokens.
The upcoming parliament session will introduce a bill to regulate cryptos in India but it has also warned that all the private cryptocurrencies, except some, will be banned.
So, what are the major concerns around the cyptos in a nation that has $10 billion already invested in it?
1. All private cryptos to be banned?: The government is going to ban all the private cryptocurrencies in India. However, it also said that it will exempt some of them to use their underlying technology. This has created a lot of confusion among investors as they sell relentlessly. 
2. The survival game: Former RBI governor Raghuram Rajan recently told in an interview that out of 6000-odd cryptocurrencies, only one or two will survive.
3. Crypto or Chit fund?: Cryptos may pose the same problem as unregulated chit funds which take money from people and go bust, a lot of people holding crypto assets are going to be aggrieved, Rajan pointed out in an interview to CNBC tv18.
4. Money laundering and terror financing: Different sections of the government have raised concerns around these two big issues. Although, the upcoming regulation might be able to fix these.
5. Financial instability: The Reserve Bank of India time and again raised its voice against the digital token. Last month also, the central in a note highlighted that cryptocurrencies come with potential macroeconomic concerns and may lead to financial instability.

Crypto Bill: The big crypto concerns, why nearly 6000 tokens may be outlawed

Only 1 or 2 of 6,000-odd cryptocurrencies will survive as the government looks to protect the small investor in this wildly volatile market. 

Survival of the 'fittest': Why crypto will make it?

Only one or two out of 6000-odd cryptocurrencies will survive.

Crypto&nbsp;, the good, the bad and the ugly all on a platter as the govt gears to ban all private digital tokens this Winter Session of the parliament.&nbsp;So, what are the major concerns around the cyptos in a nation that has $10 billion already invested in it?
<ul>
<li>All private cryptos&nbsp;to be banned: The government has indicated they will prohibit all the private cryptocurrencies&nbsp;in India except 'a few'. The lucky left will be to their underlying technology. This has created a lot of confusion among investors as the guessing game of 'survivor'.&nbsp; </li>
<li>Survivor Finale: Former RBI&nbsp;governor Raghuram&nbsp;Rajan recently told in an interview that out of 6000-odd cryptocurrencies, only one or two will survive. The bets are highest on popular Bitcoin and Ethereum.&nbsp; </li>
<li>Crypto or Chit fund?:&nbsp;Cryptos may pose the same problem as unregulated chit funds which take money from people and go bust, a lot of people holding crypto assets are going to be aggrieved, Rajan&nbsp;pointed out in an interview to CNBC&nbsp;TV-18. </li>
<li>Money laundering and terror financing:&nbsp;Globally the rise of crypto&nbsp;trade has elevated concerns of money laundering. Relaxed or rather no&nbsp;KYC regulations leads to anonymity that can facilitate large sums of 'funds' being transferred without regulation.&nbsp;In June, specialist detectives from the London Metropolitan Police Economic Crime Command, investigating money laundering offences,&nbsp;seized crypto assets&nbsp;worth &pound;114 million. Hong Kong police as welll&nbsp;earlier this year&nbsp;busted a&nbsp;cryptocurrency money laundering scheme worth HK$1.2 billion </li>
<li>Financial instability:&nbsp;Volatility and wild swings that the biggest reason why the Reserve Bank of India has repeatedly raised the red flag against unregulated&nbsp;digital token. Last month also, the central in a note highlighted that cryptocurrencies&nbsp;come with potential macroeconomic concerns and may lead to financial instability. Bitcoin, the world's most popular crypto&nbsp;has seen over 50% swings in just the last 10 months.&nbsp;</li>
</ul>

A picture of a cartoon rock or EtherRock&nbsp;as it is popularly called in the crypto&nbsp;world sold for a record 400 ether on Monday which translates to $1.3 million. This the latest in the NFT&nbsp;or non fungible token fad that has taken over the crypto&nbsp;collectible world.So, what is EtherRock?&nbsp; A&nbsp;crypto collectible made it's debut in 2017, it is a JPEG of a cartoon rock,&nbsp;built and sold on the ethereum blockchain. It derives it value as there are&nbsp;only 100 out there.&nbsp;The demand for crypto&nbsp;collectibles and NFTs&nbsp;has been soaring.&nbsp;The non-fungible token (NFT) marketplace OpenSea has surpassed $1 billion in monthly trading volume, according to data compiled by The Block.&nbsp;

Crypto Craze: Picture of a rock sells for $1,300,000, meet the millionaire NFT EtherRock

Crypto&nbsp;Corner: Would you pay $1,300,000 for a picture of a rock? EtherRock sells for a million dollars as the NFT&nbsp;craze continues

Crypto Corner: NFT craze continues

The transaction marks the latest sale of&nbsp;EtherRock, a brand of crypto collectible that&rsquo;s been around since 2017&nbsp;

A picture of a cartoon rock or EtherRock&nbsp;as it is popularly called in the crypto&nbsp;world sold for a record 400 ether on Monday which translates to $1.3 million. This the latest in the NFT&nbsp;or non fungible token fad that has taken over the crypto&nbsp;collectible world. So, what is EtherRock? A&nbsp;crypto collectible made it's debut in 2017, it is a JPEG of a cartoon rock,&nbsp;built and sold on the ethereum blockchain. It derives it value as there are&nbsp;only 100 out there.&nbsp; The demand for crypto&nbsp;collectibles and NFTs&nbsp;has been soaring.&nbsp;The non-fungible token (NFT) marketplace OpenSea has surpassed $1 billion in monthly trading volume, according to data compiled by The Block.&nbsp;

Bulls are back to the cryptocurrency markets as the benchmark tokens Bitcoin and Ethereum&nbsp;surged to their highest levels in almost three months.
Bitcoin&nbsp;was trading at $44,470 on Monday morning, a level last seen in May. Ethereum&nbsp;outperformed Bitcoin&nbsp;by a great margin after&nbsp;an&nbsp;upgrade&nbsp;to its underlying network that signals a more constrained supply of the token.
Also watch:&nbsp;WazirX founder Nischal&nbsp;Shetty explains how to invest in cryptos
Ethereum&nbsp;was $2,930 at the same time, which is four times its price at the starting of the year. Bitcoin&nbsp;has been a laggard as compared to ETH&nbsp;as it has moved only 40% higher year-to-date.
In the last&nbsp;week, the market cap of the cryptos&nbsp;rose 17% from $1.61 trillion to $1.89 trillion.
Crypto&nbsp;markets were under stress due to a crackdown by countries like China.

Crypto bulls are back: Ethereum outperforms Bitcoin, know more about the big crypto comeback 

Crypto bulls are back: Ethereum outperforms Bitcoin, know more about the big crypto comeback.&nbsp;

Crypto bulls are back: Ethereum outperforms Bitcoin, here's why

In the last&nbsp;week, the market cap of the cryptos&nbsp;rose 17% from $1.61 trillion to $1.89 trillion.

Bulls are back to the cryptocurrency markets as the benchmark tokens Bitcoin and Ethereum&nbsp;surged to their highest levels in almost 3 months. In just a week Bitcoin&nbsp;is up 8% but the real crypto&nbsp;star has been&nbsp;Ethereum.&nbsp;
Bitcoin&nbsp;was trading at $44,470 on Monday morning, a level last seen in May. Ethereum&nbsp;outperformed Bitcoin&nbsp;by a great margin after&nbsp;an&nbsp;upgrade&nbsp;to its underlying network that signals a more constrained supply of the token.
Also watch:&nbsp;<a href="https://www.edtr.ai/a16e" target="_blank">WazirX founder Nischal&nbsp;Shetty explains how to invest in cryptos</a>
Ethereum&nbsp;was $2,930 at the same time, which is four times its price at the starting of the year.&nbsp;Ether had crossed over the $3,000&nbsp;barrier&nbsp; which it failed to maintain. Bitcoin&nbsp;has been a laggard as compared to ETH&nbsp;as it has moved only 40% higher year-to-date.
In the last&nbsp;week, the market cap of the cryptos&nbsp;rose 17% from $1.61 trillion to $1.89 trillion.
&nbsp;

Bitcoin jumped back to over $32,000-level on Thursday after Dogefather&nbsp;Elon&nbsp;Musk revealed he owns the largest&nbsp;cryptocurrency&nbsp;along with Dogecoin and Ethereum. SpaceX&nbsp;and Tesla also own Bitcoins, Musk mentioned at a crypto&nbsp;event.
Musk, who is a big-time crypto&nbsp;markets influencer, said he might pump but he doesn't dump. He mentioned that after Tesla and SpaceX&nbsp;stocks, his biggest holdings are in cryptos.
Twitter co-founder Jack Dorsey said he has high hopes for the aspiring cryptocurrency&nbsp;Bitcoin. While speaking at 'The B Word' event, Dorsey said it was the most important thing in his life and that if he wasn't at Twitter or Square, he would be working on Bitcoin.
Bitcoin&nbsp;has slumped below $30,000, erasing all the gains it made this year.

Bitcoin bounces back with Dogecoin & Ethereum, Elon Musk, Jack Dorsey to the rescue

Bitcoin Bounces Back with Dogecoin &amp; Ethereum. Find out what&nbsp;Elon Musk and Jack Dorsey did to cause a crypto&nbsp;comeback.&nbsp;

Bitcoin jumped back to over $32,000-level on Thursday after Dogefather&nbsp;Elon&nbsp;Musk revealed he owns the largest&nbsp;cryptocurrency&nbsp;along with Dogecoin and Ethereum. SpaceX&nbsp;and Tesla also own Bitcoins, Musk mentioned at a crypto&nbsp;event.
Musk, who is a big-time crypto&nbsp;markets influencer, said he might pump but he doesn't dump. He mentioned that after Tesla and SpaceX&nbsp;stocks, his biggest holdings are in cryptos.
Twitter co-founder Jack Dorsey said he has high hopes for the aspiring cryptocurrency&nbsp;Bitcoin. While speaking at 'The B Word' event, Dorsey said it was the most important thing in his life and that if he wasn't at Twitter or Square, he would be working on Bitcoin.
Bitcoin&nbsp;had slumped below $30,000, erasing all the gains it made this year.

Elon&nbsp;Musk and his companies&nbsp;SpaceX and Tesla own&nbsp;Bitcoins

Bitcoin jumped back to over $32,000-level on Thursday after Dogefather&nbsp;Elon&nbsp;Musk revealed he owns the largest&nbsp;cryptocurrency&nbsp;along with Dogecoin and Ethereum. SpaceX&nbsp;and Tesla also own Bitcoins, Musk mentioned at a crypto&nbsp;event.
Musk, who is a big-time crypto&nbsp;markets influencer, said he might pump but he doesn't dump. He mentioned that after Tesla and SpaceX&nbsp;stocks, his biggest holdings are in cryptos.
Twitter co-founder Jack Dorsey said he has high hopes for the aspiring cryptocurrency&nbsp;Bitcoin. While speaking at 'The B Word' event, Dorsey said it was the most important thing in his life and that if he wasn't at Twitter or Square, he would be working on Bitcoin.
Bitcoin&nbsp;had slumped below $30,000, erasing all the gains it made this year. Read/Watch Also:<a href="https://www.edtr.ai/9jja"> Start you crypto&nbsp;chat here</a>

Bitcoin&nbsp;fell below the $30,000-level for the first time in a month, wiping off nearly $100 billion from the crypto markets.
At 2:30 pm, Bitcoin&nbsp;was down almost 6% at $29,697, as per Coindesk. For the current year, Bitcoin&nbsp;has lost all its gains. It touched an all-time high in April when it crossed $64,800.
The slump in cryptocurrencies&nbsp;came as we see selling across the globe. Also, some nations cracking down on digital currencies keep creating havoc in the markets.

Bitcoin falls below $30,000; investors lose $100 billion

$100,000,000,000 wiped off as Bitcoin&nbsp;slumps below $30,000 mark

Bitcoin&nbsp;fell below the $30,000-level for the first time in a month, wiping off nearly $100 billion from the crypto markets.
At 2:30 pm, Bitcoin&nbsp;was down almost 6% at $29,697, as per Coindesk. For the current year, Bitcoin&nbsp;has lost all its gains. It touched an all-time high in April when it crossed $64,800.
The slump in cryptocurrencies&nbsp;came as we see selling across the globe. Also, some nations cracking down on digital currencies keep creating havoc in the markets.

Global selling across equity and commodity markets aided risk aversion, 30,000 had been viewed as key support for virtual coin

Bitcoin&nbsp;fell below the $30,000-level for the first time in a month, wiping off nearly $100 billion from the crypto markets.
ALSO WATCH:&nbsp;<a href="https://www.edtr.ai/9xa3" target="_blank">Malaysia destroys 1000 Bitcoin mining rigs with a steamroller</a>
At 2:30 pm, Bitcoin&nbsp;was down almost 6% at $29,697, as per Coindesk. For the current year, Bitcoin&nbsp;has lost all its gains. It touched an all-time high in April when it crossed $64,800.&nbsp;
The slump in cryptocurrencies&nbsp;came as we see selling across the globe. Also, some nations cracking down on digital currencies keep creating havoc in the markets.&nbsp;&nbsp;Bitcoin&rsquo;s 2% advance this year lags behind the S&amp;P 500&rsquo;s 13% advance making investors question the meteoric rise seen last year.&nbsp;

Cryptocurrencies trading volume dropped 40% in June at the largest exchanges, including Coinbase, Kraken, Binance and Bitstamp. Data provider CryptoCompare&nbsp;said the decline in volume was due to a long correction in the crypto&nbsp;markets and lower volatility.
ALSO WATCH:&nbsp;Cryptocurrency Explained: Bitcoin to blockchain, 10 words you need to know
Bitcoin&nbsp;has been falling since April when it was $64,000 to touch as low as $28,900 in June, which is more than half of its all-time high.
A daily volume maximum of $138.2 billion on June 22 was down 42.3% from the intra-month high in May.
China's crackdown on the crypto&nbsp;industry has severely impacted investors' confidence in the newly developing asset class.
ALSO WATCH: China hardens stance on cryptocurrency, Bitcoin falls to 2-week low

Cryptocurrency trading volume down 40% as market corrects

Is it a crypto&nbsp;collapse or a cool-down? Trading volumes down 40% as countries harden stance on the digital tokens.&nbsp;

Bitcoin&nbsp;fell to as low as $28,900 in June, which is more than half of its all-time high

Cryptocurrencies trading volume dropped 40% in June at the largest exchanges, including Coinbase, Kraken, Binance and Bitstamp. Data provider CryptoCompare&nbsp;said the decline in volume was due to a long correction in the crypto&nbsp;markets and lower volatility.
<a href="https://www.edtr.ai/9v5s" target="_blank">Click here to catch the next trend in cryptocurrencies</a>
Bitcoin&nbsp;has been falling since April when it was $64,000 to touch as low as $28,900 in June, which is more than half of its all-time high.
A daily volume maximum of $138.2 billion on June 22 was down 42.3% from the intra-month high in May.
China's crackdown on the crypto&nbsp;industry has severely impacted investors' confidence in the newly developing asset class.
ALSO WATCH: <a href="https://www.edtr.ai/9m9m" target="_blank">China hardens stance on cryptocurrency, Bitcoin falls to 2-week low</a>

Cryptocurrency&nbsp;presence is zooming ahead as Hong&nbsp;Kong based&nbsp;cryptocurrency&nbsp;exchange&nbsp;Crypto.com signs $100 million sponsorship deal with Formula 1.Crypto.com with with over 10 million users worldwide is the fastest-growing crypto platform globally.&nbsp;The partnership furthers Crypto.com's presence at major sporting events; the exchange&nbsp;sponsored&nbsp;Italian soccer's Coppa Italia final in May.It also&nbsp;signed&nbsp;a deal with the National Hockey League team Montreal Canadiens in March.The trend of crypto&nbsp;exchanges stepping into mainstream sports sponsorship is evident is India too.&nbsp;Cryptocurrency exchange and liquidity aggregator CoinDCX Go took on being the the co-presenting sponsor for live-streaming of the inaugural World Test Championship Final. While Indian bitcoin exchange platform WazirX picked co-presenting sponsorship of live streaming of Euro 2020 on SonyLIV.With the battle for financial acceptance and legality for the crypto&nbsp;gang continues in India, the step up to sponsorship is ensuring a global reminder of the growing interest in the blockchain bet.&nbsp;

Cryptocurrency Watch: Formula 1 races in to get $100 million cryptocurrency sponsorship

Cryptocurrency backers race ahead; the blockchain bets take on sports sponsorship. Formula 1 gets a new inaugural sponsor for the 'Sprint' format

Cryptocurrency backers race ahead 

Crypto.com becomes inaugral&nbsp;of F1's new sprint format.&nbsp;

Cryptocurrency&nbsp;presence is zooming ahead as Hong&nbsp;Kong-based&nbsp;cryptocurrency&nbsp;exchange&nbsp;Crypto.com signs a $100 million sponsorship deal with Formula 1. Crypto.com with over 10 million users worldwide is the fastest-growing crypto platform globally.&nbsp;The partnership furthers Crypto.com's presence at major sporting events; the exchange&nbsp;sponsored&nbsp;Italian soccer's Coppa Italia final in May. It also&nbsp;signed&nbsp;a deal with the National Hockey League team Montreal Canadiens in March.
<a href="https://www.editorji.com/story/cryptocurrency-explained-bitcoin-to-blockchain-10-words-you-need-to-know-1623841223834" target="_blank">ALSO WATCH:&nbsp;Bitcoin to blockchain, 10 words you need to know</a> The trend of crypto&nbsp;exchanges stepping into mainstream sports sponsorship is evident in India too.&nbsp;Cryptocurrency exchange and liquidity aggregator CoinDCX Go took on being the co-presenting sponsor for live-streaming of the inaugural World Test Championship Final. While Indian bitcoin exchange platform WazirX picked co-presenting sponsorship of live streaming of Euro 2020 on SonyLIV. With the battle for financial acceptance and legality for the crypto&nbsp;gang continues in India, the step up to sponsorship is ensuring a global reminder of the growing interest in the blockchain bet.&nbsp;

NFT craze picks up pace,&nbsp;&nbsp;after Jack Dorsey put up his first ever tweet it's time for another big sale. The original source code for the World Wide Web that was written by its inventor Tim Berners-Lee is up for sale at Sotheby&rsquo;s as part of a non-fungible token.So what do you get if you buy this NFT?&nbsp;The work includes the original archive of dated and time-stamped files from 1990 and 1991, containing 9,555 lines of source code and original HTML documents that taught the earliest web users how to use the application. The non-fungible token will also includes an animated 30-minute video of the code being written and a digital signature from Berners-Lee himself.&nbsp;International art broker Sotheby's&nbsp;will be holding the auction for the source code that is titled&nbsp;"This Changed Everything," the bidding starts at $1,000 and the proceeds will go towards charities picked by the Berner-Lee family.&nbsp;

Source code for the Web is on sale as an NFT 

The original source code for the World Wide Web is up for sale as an #NFT tags Sotheby, NFT, Ethereum, Blockchaim, Crypto

<ul>
<li>Source code of the web to be sold as an NFT</li>
<li>NFT&nbsp;auction of the code by Father of the Internet-Tim Berners-Lee</li>
<li>Berners-Lee to auction&nbsp;9,555 lines of source code that created the web</li>
<li>NFT&nbsp;to include&nbsp;30-minute video of the code being written</li>
<li>Tim Berners-Lee to digitally sign the&nbsp;non-fungible token.</li>
<li>Sotheby's&nbsp;to hold the auction -&nbsp;"This Changed Everything" from June 23</li>
<li>Bidding for the web source code begins at $1,000</li>
</ul>

NFT craze picks up pace,&nbsp;&nbsp;after Jack Dorsey put up his first ever tweet it's time for another big sale. The original source code for the World Wide Web that was written by its inventor Tim Berners-Lee is up for sale at Sotheby&rsquo;s as part of a non-fungible token. So what do you get if you buy this NFT?&nbsp;The work includes the original archive of dated and time-stamped files from 1990 and 1991, containing 9,555 lines of source code and original HTML documents that taught the earliest web users how to use the application. The non-fungible token will also includes an animated 30-minute video of the code being written and a digital signature from Berners-Lee himself.&nbsp; International art broker Sotheby's&nbsp;will be holding the auction for the source code that is titled&nbsp;"This Changed Everything," the bidding starts at $1,000 and the proceeds will go towards charities picked by the Berner-Lee family.&nbsp;

Cryptocurrency is the trending chat all over the globe from altcoin to blockchain here is a list of the top 10 words you need to know get chatting about the cryptos:
1. Altcoin:&nbsp;To be put&nbsp;simply, an Altcoin&nbsp;is any&nbsp;cryptocurrency that is not Bitcoin.&nbsp;Bitcoin is the oldest and the biggest&nbsp;cryptocurrency, any digital&nbsp;coin or token that was created after was treated as an "alternative" or Altcoin.
2. Bitcoiner:&nbsp;A Bitcoiner&nbsp;is that friend of yours who cannot stop talking about Bitcoins. Despite the volatility of Bitcoin, a Bitcoiner believes in a future where Bitcoin continues to dominate the cryptocurrency market capitalization.
3. Blockchains:&nbsp;These are a series of individual blocks connected in a chain. Each block contains information about transactions. They also contain a unique identifier to differentiate them from every other block in the chain.
4. Hash: Each block contains a reference to the preceding block, in the form of a hash. This is the key security feature of blockchain technology which makes it virtually impossible to forge the ledger.
5. Crypto&nbsp;Mining: Blocks are created by solving cryptographic problems. The process of solving these problems is known as mining.&nbsp;Mining a block on the blockchain attracts a reward. For example, at the inception of the Bitcoin blockchain, miners solving the cryptographic hashing problem were rewarded with 50 BTC.
6. Decentralised:&nbsp;We hear this quite a lot,&nbsp;"blockchains are decentralized." Instead of being controlled by one central location, the blockchain is stored on the computers of every user of that given blockchain.&nbsp;
7. Buy The Dip:&nbsp;It is the modus operandi for cryptocurrency bulls as it implies that any correction or dip or fall in a cryptocurrency&nbsp;price should mean buying more.
8. Fiat currencies:&nbsp;Fiat currency is the&nbsp;traditional legal tender like the US Dollar, Euro or Rupee, that is issued by central banks.
9. CBDC:&nbsp;Central bank digital currencies or CBDC&nbsp;are fiat currencies that exist in a digital form and are issued by central banks.
10. DeFi: Almost all financial transactions in the real world involve an intermediary of some sort, generally banks. The DeFi or decentralised finance system is based on the idea that the financial system should not be controlled by 'monopolistic' third-party providers.

Cryptocurrency Explained: Bitcoin to blockchain, 10 words you need to know

Cryptocurrency is the trending chat all over the globe from altcoin to blockchain here is a list of the top 10 words you need to know get chatting about the cryptos:
1. Altcoin:&nbsp;To be put&nbsp;simply, an Altcoin&nbsp;is any&nbsp;cryptocurrency that is not Bitcoin.&nbsp;Bitcoin is the oldest and the biggest&nbsp;cryptocurrency, any digital&nbsp;coin or token that was created after was treated as an "alternative" or Altcoin.
2. Bitcoiner:&nbsp;A Bitcoiner&nbsp;is that friend of yours who cannot stop talking about Bitcoins. Despite the volatility of Bitcoin, a Bitcoiner believes in a future where Bitcoin continues to dominate the cryptocurrency market capitalization.
3. Blockchains:&nbsp;These are a series of individual blocks connected in a chain. Each block contains information about transactions. They also contain a unique identifier to differentiate them from every other block in the chain.
4. Hash: Each block contains a reference to the preceding block, in the form of a hash. This is the key security feature of blockchain technology which makes it virtually impossible to forge the ledger.
5. Crypto&nbsp;Mining: Blocks are created by solving cryptographic problems. The process of solving these problems is known as mining.&nbsp;Mining a block on the blockchain attracts a reward. For example, at the inception of the Bitcoin blockchain, miners solving the cryptographic hashing problem were rewarded with 50 BTC.
6. Decentralised:&nbsp;We hear this quite a lot,&nbsp;"blockchains are decentralized." Instead of being controlled by one central location, the blockchain is stored on the computers of every user of that given blockchain.&nbsp;
7. Buy The Dip:&nbsp;It is the modus operandi for cryptocurrency bulls as it implies that any correction or dip or fall in a cryptocurrency&nbsp;price should mean buying more.
8. Fiat currencies:&nbsp;Fiat currency is the&nbsp;traditional legal tender like the US Dollar, Euro or Rupee, that is issued by central banks.
9. CBDC:&nbsp;Central bank digital currencies or CBDC&nbsp;are fiat currencies that exist in a digital form and are issued by central banks.
10. DeFi: Almost all financial transactions in the real world involve an intermediary of some sort, generally banks. The DeFi or decentralised finance system is based on the idea that the financial system should not be controlled by 'monopolistic' third-party providers.

Cryptocurrency is the trending chat all over the globe from altcoin to blockchain here is a list of the top 10 words you need to know get chatting about the cryptos:
1. Altcoin:&nbsp;To be put&nbsp;simply, an Altcoin&nbsp;is any&nbsp;cryptocurrency that is not Bitcoin.&nbsp;Bitcoin is the oldest and the biggest&nbsp;cryptocurrency, any digital&nbsp;coin or token that was created after was treated as an "alternative" or Altcoin.
2. Bitcoiner:&nbsp;A Bitcoiner&nbsp;is that friend of yours who cannot stop talking about Bitcoins. Despite the volatility of Bitcoin, a Bitcoiner believes in a future where Bitcoin continues to dominate the cryptocurrency market capitalization.
3. Blockchains:&nbsp;These are a series of individual blocks connected in a chain. Each block contains information about transactions. They also contain a unique identifier to differentiate them from every other block in the chain.
4. Hash: Each block contains a reference to the preceding block, in the form of a hash. This is the key security feature of blockchain technology which makes it virtually impossible to forge the ledger.
5. Crypto&nbsp;Mining: Blocks are created by solving cryptographic problems. The process of solving these problems is known as mining.&nbsp;Mining a block on the blockchain attracts a reward. For example, at the inception of the Bitcoin blockchain, miners solving the cryptographic hashing problem were rewarded with 50 BTC.
6. Decentralised:&nbsp;We hear this quite a lot,&nbsp;"blockchains are decentralized." Instead of being controlled by one central location, the blockchain is stored on the computers of every user of that given blockchain.&nbsp;
7. Buy The Dip:&nbsp;It is the modus operandi for cryptocurrency bulls as it implies that any correction or dip or fall in a cryptocurrency&nbsp;price should mean buying more.
8. Fiat currencies:&nbsp;Fiat currency is the&nbsp;traditional legal tender like the US Dollar, Euro or Rupee, that is issued by central banks.
9. CBDC:&nbsp;Central bank digital currencies or CBDC&nbsp;are fiat currencies that exist in a digital form and are issued by central banks.
10. DeFi: Almost all financial transactions in the real world involve an intermediary of some sort, generally banks. The DeFi or decentralised finance system is based on the idea that the financial system should not be controlled by 'monopolistic' third-party providers.

One of the oldest homegrown&nbsp;cryptocurrency&nbsp;platforms, Zebpay&nbsp;has launched a first-of-its-kind crypto&nbsp;lending model in India that allows people to earn interest on their crypto&nbsp;holdings.
The lending facility works more like the regular fixed deposits and&nbsp;will be available in two options &mdash; open term and fixed term. The fixed-term allows investors to park their cryptos&nbsp;in a deposit for up to&nbsp;a 90-day period.
Depending on the term of deposit, users will be able to generate returns of up to 3% on their&nbsp;Bitcoin, up to 7% on Ethereum&nbsp;and Dai and up to 12% on Tether, the company said in its announcement.

India's first crypto fixed deposits are here

One of the oldest homegrown&nbsp;cryptocurrency&nbsp;platforms, Zebpay&nbsp;has launched a first-of-its-kind crypto&nbsp;lending model in India that allows people to earn interest on their crypto&nbsp;holdings.
The lending facility works more like the regular fixed deposits and&nbsp;will be available in two options &mdash; open term and fixed term. The fixed-term allows investors to park their cryptos&nbsp;in a deposit for up to&nbsp;a 90-day period.
Depending on the term of deposit, users will be able to generate returns of up to 3% on their&nbsp;Bitcoin, up to 7% on Ethereum&nbsp;and Dai and up to 12% on Tether, the company said in its announcement.

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