Monthly Archives: May 2023

By Kim Han-joo

SEOUL, May 18 (Yonhap) -- A special parliamentary ethics committee is set to review two motions calling for disciplinary action against Rep. Kim Nam-kuk over dubious cryptocurrency transactions, yet it is unlikely the embattled lawmaker will be unseated.

Kim left the main opposition Democratic Party (DP) to become an independent after it was revealed he owns a significant amount of coins, raising concerns about conflicts of interest and the source of the funds.

Amid growing criticism that he is attempting to evade responsibility by simply leaving the party, the DP submitted a motion to the Special Committee on Ethics on Wednesday, separate from the ruling People Power Party's (PPP) earlier motion.

The bipartisan committee, which is evenly divided by the PPP and DP, has the power to take discipline action against sitting lawmakers who are immune from arrest or detention while the National Assembly is in session.

Under the relevant parliamentary law, Kim may face one of four disciplinary actions -- a warning, an order for an official apology, suspension of legislative activities for up to 30 days, or an expulsion from the National Assembly.

Nonetheless, it may take up to 80 days for the motion to be sent to the National Assembly's general meeting, and the likelihood of the expulsion motion being passed is uncertain, as it requires at least two-thirds approval.

Since the special committee voted to unseat a former lawmaker, Kang Yong-seok, for sexist and derogatory remarks in 2011, no other expulsion motion has been passed through the committee. The motion against Kang was ultimately voted down during a plenary session.

The PPP has called for Kim to be stripped of his parliamentary seat for violating parliamentary ethics rules, while the DP has taken a cautious stance, citing the ongoing prosecution investigation on Kim.

The first-term lawmaker has come under fire following revelations that he owned around 800,000 Wemix coins in 2021, worth around 6 billion won (US$4.5 million) at the time, a significant amount inconsistent with his frugal image. Wemix, the cryptocurrency operated by a gaming firm, was delisted in November 2022.

The transactions were reported to the Financial Services Commission's Financial Intelligence Unit, which classified the withdrawals as suspicious transactions and reported them to the prosecution.

On Monday, prosecutors raided two leading cryptocurrency exchanges, Upbit and Bithumb, as part of the investigation into the snowballing suspicions surrounding Kim.

The young lawmaker has stated he did not cash out the assets but instead transferred them to another exchange, without clarifying the exact amount of his crypto assets. He further claimed he was not required to report such activities.

Rep. Kim Nam-kuk, a former member of the main opposition Democratic Party, checks his smartphone during a parliamentary inspection in Daejeon, 139 kilometers south of Seoul, on May 14, 2023. (Yonhap)

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Ethics panel to mull disciplinary action against lawmaker over ... - Yonhap News Agency

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Govt to 'never legalise' cryptocurrency in Pakistan: Aisha Pasha

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High-risk currency, involves fraud: SBP (Image: Reuters)

17 May,2023 06:48 pm

ISLAMABAD (Web Desk) Minister of state for finance Dr Aisha Ghaus Pasha said on Wednesday the government would never legalise cryptocurrency in the country.

A meeting of the Senates standing committee on finance was told that the State Bank of Pakistan (SBP) and the ministry of information and technology had started work on banning the cryptocurrency to discourage its usage.

Ms Pasha said the Financial Action Task Force (FATF) had also recommended imposing a ban on the currency.

On the other hand, SBP officials said the global cryptocurrency market had shrunk from US$2.8 to US$1.2 adding that it was a high-risk currency involving higher degree of fraud. Pakistan will never allow its usage, officials added.

Senator Saleem Mandvivala said Pakistan had invested billions of dollars in the crypto market.

The SBP went on to say that the FIA had been investigating the Pakistani investment into the currency adding that as many as 16,000 cryptocurrencies had erupted in the country

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Govt to 'never legalise' cryptocurrency in Pakistan: Aisha Pasha - Dunya News

ARK36, the Cyprus-based leading alternative investment digital asset fund, has announced today the launch of a unique, proprietary machine learning-based trading software system, to improve the way its portfolio management team can navigate the dynamic world of cryptocurrency trading. The new software will leverage advanced algorithms to enable ARK36s traders to make more informed decisions, navigate market challenges and optimise their trading strategies with precision and confidence. The software will access updated cryptocurrency price information every second and through the recent many months of intensive development work, back-tests and live-tests will predict price movements of specific crypto assets and complete either short or long-positions or not trade dependent on the market developments. It can make investment decisions within 1 minute for complex investments or 1 second for simple tasks.

A key element of the software isAdvanced Algorithmic Trading,utilising sophisticated algorithms to analyse vast amounts of market data, identify patterns, trends, and opportunities in real-time, allowing swift execution and maximum profit. This algorithm uses machine learning to continuously learn and adapt to market conditions, improving its decision-making capabilities over time. An intuitive, user-friendly interface simplifies the trading process, enabling users to easily customise strategies and monitor performance. Built-in risk management and portfolio optimization features help ARK36s traders to mitigate potential risks, while other tools include price alerts, technical indicators, and technical updates. In testing, the software displayed an average monthly +10% increase in performance gains over 12 months. Tests also proved the effectiveness of the softwares risk mitigation and wealth preservation systems, designed for investors who prefer to have stable, smaller returns.

ARK36s team developing and maintaining the new software includesMikkel Morch, Chairman and Non-Executive Director of ARK36, andDr. Mark Moore,Senior Developer and Chief Executive Officer at Atlantic Alpha Strategies LLC, an absolute return hedge fund and a development company in machine learning technology. Mikkel Morchs role is to ensure the effective use of different forces and competencies within and outside of the fund and that the software company is put to optimal use, and to secure financing for the development of the technology.

Dr. Mark Moore is well-known in the investment industry for co-founding Trendlogic Associates, Inc., a registered Commodity Trading Advisor. He served as a board member at numerous well-known companies, including the large international hedge fund Millennium Partners, LP and Health Discovery Corporation. Dr. Moore is at the core of the technical development team and will coordinate the technical efforts with the rest of the Board and other developers from ARK36s team.

Mikkel Morch, Chairman and Non-Executive Director at ARK36,commented:"We are proud to introduce our algorithmic trading system, a state-of-the-art machine learning trading software system that empowers our traders in the ever-evolving cryptocurrency market. Our mission is to level the playing field by providing our traders with a cutting-edge tool that harnesses the power of data and technology. Our algo aims to bring even higher levels of efficiency, accuracy, and profitability to our cryptocurrency trading."

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Cryptocurrency Hedge Fund ARK36 Launches Algorithmic Machine ... - Exchange News Direct

The crypto landscape is about to shift dramatically.

The Financial Times (FT) reports that Eun Young Choi, the director of the U.S. Department of Justices (DOJ) national cryptocurrency enforcement team, promises intensified scrutiny over illicit activities on digital platforms.

According to the FT, the DOJ plans to focus on crypto exchanges and entities that obscure transaction trails. Choi suggests the Department is keen on addressing companies that either perpetrate crimes themselves or facilitate them, such as by enabling money laundering.

In the Financial Times interview, Choi emphasized the potential ripple effect of this approach. By focusing on those types of platforms, were going to have a multiplier effect, she stated.

Notably, the departments vigilance aims to deter businesses bypassing anti-money laundering or client identification rules, or those not investing in solid compliance and risk mitigation procedures.

As the FT noted, Choi leads a new unit dedicated to criminal misuse of digital assets, positioning the US under President Joe Bidens administration as one of the jurisdictions with the toughest stance on crypto worldwide.

The crypto industry was rocked last year by the downfall of FTX, a previously perceived sound exchange. Its founder, Sam Bankman-Fried, is facing criminal charges, including wire fraud and conspiracy to commit money laundering. He has pleaded not guilty to all charges.

The Financial Times report also touched upon the US derivatives watchdogs recent legal action against Binance, the worlds largest crypto exchange.

Despite concerns that a stricter crackdown could disrupt the industry, Choi dismissed the notion of too big to fail. She asserted that a companys size would not deter potential charges, especially if theyve grown by disregarding US law.

The DOJs heightened scrutiny extends beyond platforms. The FT report revealed that the department aims to ramp up enforcement against investment scams, which have sharply increased victims losses.

The justice department also intends to address thefts and hacks involving decentralized finance (DeFi), particularly those involving exchanging different types of digital tokens or nascent projects with codes vulnerable to these attacks.

Cryptocurrency enforcement in the U.S. is stepping up its game. How this will reshape the landscape remains to be seen.

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Heightened Scrutiny: US Department of Justice's Increasing Focus ... - CryptoGlobe

Seattle A Mercer Island, Washington resident who previously served as a start-up company Chief Financial Officer (CFO) was indicted today in U.S. District Court in Seattle for wire fraud for taking and misusing some $35 million from his employer, announced U.S. Attorney Nick Brown. Nevin Shetty, 39, is scheduled for arraignment on the indictment on May 25, 2023.

According to the indictment, Shetty was hired as the CFO of a private company in March 2021. The company was raising capital for its work in multiple rounds of funding. The company, with Shetty, was working on policies as to how the money raised should be conservatively invested while the company worked to grow its business. The company adopted an investment policy statement that called for company cash to be invested only in fixed income instruments payable in U.S. dollars. Only certain types of conservative investments were approved.

Despite the fact that Shetty helped draft the policy and disseminate it, he moved $35 million in company funds to a cryptocurrency platform he controlled as a side business. Shetty created that side business, called HighTower Treasury, in or around February 2022. In March 2022, he was told he could not continue as CFO at his employer due to concerns about his performance. Shortly after he got this news, Shetty secretly transferred the funds out of the companys account.

Between April 1 and 12, 2022, Shetty transferred $35,000,100 of his employers money to an account for HighTower. No one else at the company knew of these transfers. The money was supposed to be invested by HighTower in a realm of cryptocurrency sometimes referred to as decentralized finance or DeFi. HighTower would pay Shettys company 6% interest and keep the remainder of any interest earned, which could have been substantial. As an owner of HighTower, Shetty stood to keep those profits. Shetty kept this investment in cryptocurrency secret from the board and other employees at the company where he worked.

However, the cryptocurrency investments soon began declining and by May 13, 2022, the value of the $35 million investment was nearly zero.

The company reported the embezzlement to the FBI who launched an investigation.

Wire fraud is punishable by up to 20 years in prison.

The charges contained in the indictment are only allegations. A person is presumed innocent unless and until he or she is proven guilty beyond a reasonable doubt in a court of law.

The case is being prosecuted by Assistant United States Attorney Philip Kopczynski.

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Former company Chief Financial Officer indicted for using $35 ... - Department of Justice

New research from the University of Nevada, Reno College of Business and Vanderbilt University explores how celebrity endorsement affects an initial coin offerings (ICO) success. Similar to initial public offerings (IPO) in stock, ICOs raise funds to develop things like a platform or business by issuing a new cryptocurrency before it is traded on an exchange.

Dr. Sean Wilkoff, assistant professor of finance at the University of Nevada, Reno, and Dr. Joshua T. White, assistant professor of finance at Vanderbilt University, previously researched the role of media coverage in the non-fungible tokens (NFTs) market and decided to explore the role of celebrity endorsements in the ICO market. The researchers wanted to find if endorsement works as a substitute for other demand-driving events for cryptocurrencies, such as a presale, if celebrity endorsement increases the overall amount of funds raised and if ICOs with celebrity endorsements had a higher likelihood of being scams.

The media is seen as reputable, and our research found that media reporting on NFTs educated investors about the NFT market, Wilkoff said. With celebrity endorsement, its a different story because celebrities are not defined solely by their ability to provide reputable financial advice.

The research examined 21 celebrities with an online following of 1 million or more people on at least one platform who endorsed an ICO between 2016 and 2018. Celebrities looked at were actors, athletes, a businessman, reality television stars, and a member of royalty.

Research findings indicated that celebrity endorsements can serve as an effective substitute for other demand-driving events, like a pre-sale, but that without a pre-sale, investors lose information such as price signals about the viability of the token, its platform and management team. Celebrity endorsements raise more money at the ICO and have a higher likelihood of being added to an exchange, likely due to the additional capital raised. However, these effects do not translate into long-term success. Researchers also found that celebrity endorsements are more likely to be a scam, especially when the celebritys expertise (e.g., a boxer) does not match that of the platform being built (e.g., a streaming video service). These findings are not generalizable to all investments, just ICOs.

An endorsement is not always a signal of quality, and there is a link between celebrity endorsement and the investment being a scam, Wilkoff said. However, it is important to remember that not all endorsed ICOs are scams and not all scams are celebrity-endorsed.

Recently, many celebrities such as Shaquille O'Neal were implicated in the lawsuit against Futures Exchange (FTX), for endorsing the cryptocurrency exchange, which collapsed as allegations of illegal activity were made public.

Taylor Swift was offered a deal to endorse FTX but declined after doing her research on it, Wilkoff said. Celebrities should conduct due diligence and research any cryptocurrency-related digital asset or exchange before endorsing it and investors should not just blindly trust a celebrity endorsement.

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Research from College of Business explores impact of celebrity ... - Nevada Today

In January 2023, SOFTSWISS, the leading technology provider for iGaming, was recognized as the Cryptocurrency Company of the Year by the prestigious International Gaming Awards.

As a pioneer in crypto gaming, every quarter the company analyzes the crypto gaming market and shares valuable industry insights. This time, among the main indicators, the team of experts reveals the average portrait of the cryptoplayer.

First quarter results are based on data from over 700 brands provided by SOFTSWISS Game Aggregator and SOFTSWISS Casino Platform.

In the first quarter of 2023, the Total Bets indicator increased by 44.66% compared to the same quarter of the previous year and 2.24% compared to the previous quarter. This data demonstrates a steady growth trend in the iGaming market.

In absolute terms, the sum of crypto bets also shows positive growth over the last year. In the first quarter of 2023, the share of bets on digital currencies represented 30%.

Q4 2022 saw 9% volume growth in total crypto stakes compared to Q1 of the same year. The first quarter of 2023, on the other hand, saw more significant volume growth 19%.

Andrey Starovoitov, Co-CEO of SOFTSWISS comments: Despite the global events of 2022, which undoubtedly caused the value of most digital currencies to drop, we are now seeing their value rise again. So we are seeing both growth in the overall iGaming market and an increase in the sum of bets being placed by cryptoplayers.

We expect digital currencies to remain in steady use by players in 2023 and we may see more significant growth with a combination of two factors: competent player retention and the absence of strong volatility in the cryptocurrency market, he adds.

Compared to Q4 2022, the top 3 most used digital currencies remain the same: Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). However, its actions have changed Bitcoin is up 1.9 p.p. at the expense of smaller digital currencies, while Ethereum has remained the same.

Looking at the development of digital currencies over a longer period, the changes in digital currency holdings are more substantial. Since the first quarter of 2022, BTC has increased by 3.72 p.p., while ETH has lost 5.01 p.p. The share drop of the third largest digital currency, LTC, occurred by 1.36 p.p.

The final actions for the first quarter of 2023 are as follows:

BTC 76,5%

ETH 8,4%

LTC 5,1%

Tether (USDT) took a 5.1% share for the first time, while Dogecoin (DOGE) fees fell by 1 p.p. compared to the previous quarter, obtaining a share of 2.5% at the end of the first quarter of 2023.

Among other currencies that showed an increase in the share of Total Bets Ripple (XRP), Tron (TRX) and Cardano (ADA).

Diving deeper into industry insights, SOFTSWISS defined the average cryptoplayer portrait. Based on Q1 data and available data from player profiles, 65% of the crypto audience is male and 35% female. The percentage of age groups of crypto players who have indicated their age in their online casino profile is as follows:

Thus, the main audience for digital currencies in iGaming is in the 31-50 age group. It makes up 70% of the public that uses cryptography. Furthermore, more than half of GGR crypto in the first quarter was made up of bets placed on mobile devices: 64% of mobile users versus 32% of desktops.

This data can become crucial when choosing a strategy to grow an existing iGaming brand or launch a new one. As SOFTSWISS experts note, the interest in starting cryptography projects is high, even when cryptography demonstrates rapid changes and can be unpredictable. However, Q1 statistics indicate that 2023 is shaping up to be a year of positive development for digital currency related projects.

Max Trafimovich, Commercial Director at SOFTSWISS, summarizes: Over the last few years, we have seen a steady increase in demand for crypto-ready solutions, whether its launching a casino or a sports betting venture. Its undeniable that some crypto iGaming operators have attracted a lot of attention and accolades on a global level.

In addition to cryptography, these operators are also at the forefront of several other innovations, which go beyond the payment aspect. SOFTSWISS will continue to be the definitive partner in this frontier with new technologies oriented towards cryptography, high level of service and security, he adds.

SOFTSWISS is an international iGaming company that provides certified software solutions for managing gaming operations. The expert team, which has 1,400 employees, is based in Malta, Poland, Georgia and Belarus. The company holds multiple gaming licenses and provides complete iGaming software solutions.

The group has a vast portfolio of products, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka Affiliate Platform, the Sports Betting Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a bitcoin-optimized online casino solution.

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19% Increase in Cryptocurrency Betting: SOFTSWISS Reveals Digital Currency Results for Q1 2023 - iGaming Brazil

Nova Scotia

Richard Woodbury - CBC News

Posted: May 16, 2023

The law firm representing creditors of defunct cryptocurrency company QuadrigaCXsays each creditor with a proven claim will get back13 per cent of what they invested.

QuadrigaCXwas one of Canada's biggest cryptocurrency exchanges before it collapsed in early 2019, following the death of its founder, Gerald Cotten.Hedied while on his honeymoon in India in December 2018.

The company turned out to be a Ponzi scheme.

In a notice posted late last week, law firm Miller Thomson said as of this month, there are $305.66 million in total claims against QuadrigaCX.

Elvis Cavalic of Calgary lost around $15,000 from QuadrigaCX. He was surprised to learn from CBC News that some of the creditors would be eligible to get back some of their lost money.

"My interpretation was that the money was gone," he said."It's been years and they've blown through it in legal fees and perhaps some of the holders with larger volumes, you know, [I thought] they were prioritized."

Cavalic said the last update he received from Miller Thomson was in November 2020.

He said he's going to file a claim to hopefully recoup some of his money.

Cavalic said his experience soured him on cryptocurrency.

"I just don't trust any of the exchanges," he said."Ever since Quadriga, you've seen this happen again and again in various countries, including Canada."

Cotten, who lived in Nova Scotia,was the only person who had the codes needed to access where the company kept much of its customers' money.

Investigatorsuncovered that Cottenhad been moving money from the exchange into his personal accountsand engaging in other suspicious behaviour.

Cottenlived a life of luxury that included exotic vacations, luxury vehicles, a yacht and a Cessna aircraft.

His widow, Jennifer Robertson, saidshe did not know about her husband's fraudulent activities.

After Cotten's death,she agreed to forfeit $12 million in assetsthat included vehicles and real estate. She was allowed to keep $90,000 in cash, $20,000 in retirement savings, a 2015 Jeep Cherokee, $15,000 in furniture and some jewelry, including her wedding band.

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Richard Woodbury Reporter

Richard Woodbury is a journalist with CBC Nova Scotia's digital team. He can be reached at richard.woodbury@cbc.ca.

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Creditors of fraudulent cryptocurrency platform QuadrigaCX can get 13% of their money back - CBC.ca

The cryptocurrency market is awash with all of the available altcoins, three specifically have gathered a high level of interest, and these include Synthetix (SNX), Fantom (FTM), and Tradecurve (TCRV). Today, we will go over each one of these altcoins to see how far they can grow in regard to their value and why cryptocurrency investors and traders are picking them.

Synthetix (SNX) held the Community Governance Call on April 26, 2023, through their discord.

The Synthetix (SNX) core contributors, community members, and council members updated the community on Preps, V3, OP trading incentives, and more.

Based on this, it is clear that Synthetix (SNX) is carrying on with its development and that it has an active community.

As for the value behind the Synthetix (SNX) cryptocurrency, on April 26, it traded at $2.49.

Within the last seven days, Synthetix (SNX) did decrease in value by 17.5%. However, in the last 24 hours, Synthetix (SNX) has begun climbing back, with an increase of 4%. In the last 30 days, Synthetix (SNX) has also been down by just 0.3%, meaning that it might actually increase in value further throughout the month.

Fantom (FTM) made a huge announcement on April 25, 2023, where they went over what developers are doing within the Fantom Academy.

The API3 DAO has built first-party oracles to provide APIs, which are decentralized, scalable, and on-chain data feeds.

Fantom (FTM) also published a tutorial on how builders can activate and utilize these self-funded APIs.

The value of the Fantom (FTM) cryptocurrency has begun to recover as well. Specifically, as of April 26, 2023, Fantom (FTM) traded at $0.431852. Within the last seven days, Fantom (FTM) has been at a decline of 19.1%. This changed in the last 24 hours, as Fantom (FTM) climbed by 6.4%. If Fantom (FTM) keeps up with this momentum, it can reach the green zone fully.

Tradecurve (TCRV) is a hybrid exchange that combines the best elements behind CEXs and DEXs and enables anyone the ability to trade stocks, forex, commodities, and cryptocurrencies from a single account.

Users are not required to complete the Know-Your-Customer (KYC) procedure on top of the platform and can begin trading immediately by simply connecting their wallet.

Other notable features behind Tradecurve (TCRV) include its high leverage, algorithmic trading, VIP account service, the Metaverse Trading Academy, and negative balance protection.

(TCRV) is the native token and is used for discounts. It can be staked by users so they can earn passive income and can provide them with additional rewards.

The Tradecurve (TCRV) tokens smart contract has also been fully audited. At stage two presale, Tradecurve (TCRV) trades at $0.012. Analysts predict that the value behind Tradecurve (TCRV) can reach 100x when it launches. Furthermore, Tradecurve (TCRV) will also get listed on multiple CEXs and on the Uniswap DEX.

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Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Tether, BNB

May 18, 2023, 10:54 am 3 min read

Bitcoin has risen 0.84% over the last 24 hours to trade at $27,309.10. It is down 0.73% from last week. Ethereum, the second most popular token, is down 0.08% from yesterday and is currently trading at $1,823.42. It is down 0.43% compared to last week. The market capitalization of Bitcoin and Ethereum stands at $529.21 billion and $219.33 billion, respectively.

How have other popular cryptocurrencies moved today?

BNB is trading at $314.01, which is 0.49% up from yesterday and a 0.50% rise from last week. The current price of XRP is $0.44, down 2.12% in the last 24 hours. It is 4.43% higher than last week. Cardano and Dogecoin are trading at $0.33 (up 1.05%) and $0.077 (up 1.66%), respectively.

Solana has gone up by 1.29% since last week

Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $20.96 (up 0%), $5.4201 (down 1.45%), $0.0000088 (up 0.45%), and $0.88 (up 2.97%), respectively. On the basis of the weekly chart, Solana has moved up by 1.29% while Polka Dot has moved up by 1.88%. Shiba Inu is down 17.79% in the last seven days whereas Polygon has gained 2.28%.

Here are our top 5 gainers of the day

The top five gainers on the basis of the 24-hourly movement are Render Token, Synthetix, Mask Network, Axie Infinity, and Lido DAO. They are trading at $2.30 (up 16.28%), $2.41 (up 9.26%), $4.41 (up 6.89%), $7.38 (up 4.94%), and $2.33 (up 4.70%), respectively.

Where do the popular stablecoins stand today?

A stablecoin is an extremely low volatile cryptocurrency. Its value is tied to various physical assets such as fiat currency or gold. Talking about some of the popular tokens that are identified as stablecoins, Tether and USD Coin are currently trading at $1 (down 0.01%) and $0.99 (flat), respectively.

The biggest losers of the day are Pepe, Conflux, Decentraland, XRP, and Huobi Token. They are trading at $0.0.. (down 7.02%), $0.22 (down 4.65%), $0.55 (down 2.90%), $0.44 (down 2.08%), and $2.91 (down 1.99%), respectively.

These are the top 3 cryptocurrency spot exchanges

On the basis of traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes, Binance, Coinbase Exchange, and Kraken are the top three cryptocurrency spot exchanges. The 24-hout volumes of Binance and Coinbase Exchange are $7.53 billion (up 37.63%) and $0.93 billion (up 10.15%), respectively. Kraken recorded a volume of $0.51 billion which is up 15.66% from yesterday.

Check out today's leading DeFi tokens

DeFi or decentralized finance is an umbrella term for global, peer-to-peer financial services on public blockchains. Avalanche, Dai, Wrapped Bitcoin, Chainlink, and Uniswap are among the most popular DeFi tokens. They are trading at $15.11 (up 0.68%), $0.99 (up 0%), $27,319.74 (up 0.84%), $6.74 (up 0.39%), and $5.39 (up 3.77%), respectively.

Take a look at the top 5 NFT tokens today

Non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility, meaning they cannot be exchanged for one another like other tokens. Internet Computer, ApeCoin, The Sandbox, Decentraland, and Theta Network are some of the prominent NFT tokens. They are currently trading at $5.38 (up 1.95%), $3.42 (down 0.65%), $0.55 (down 0.72%), $0.55 (down 2.95%), and $0.99 (up 0.92%), respectively.

Total cryptocurrency market capitalization

The current global crypto market cap is $1.14 trillion, a 1.02% increase over the last day. The total crypto market volume over the last 24 hours is $34.36 billion, which marks a 20.56% increase. The global crypto market cap was $1.25 trillion last month, while three months ago, the total capitalization stood at $1.11 trillion.

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Cryptocurrency prices today: Check rates of Bitcoin, Ethereum ... - NewsBytes