Category Archives: Cryptocurrency

With 2022 being a rough year for Bitcoin and cryptocurrency in general, many may be looking elsewhere to invest their money.

However, those who have been tracking the crypto market for more than a few years are starting to see familiar patterns re-emerge, and there are increasing rumblings of the cycle repeating. If these people are correct, cryptocurrency may be repeating a cycle of all-time highs being followed by a sell-off and crypto-winter where prices and interest in cryptocurrency is relatively low. This is often followed by a rebound and new all-time highs being reached. So, if youre thinking about investing in crypto, you may not be alone.

Any good investor worth their salt will tell you that before you jump into any investment, you should explore all the downsides and potential risks as well as the upsides. So, with that in mind, lets take a look at some of the biggest issues you need to be aware of when investing in crypto.

The Lack of Regulation

Cryptocurrency is still a largely unregulated market, which can be both good and bad. On the one hand, it allows for more freedom and flexibility when it comes to investing. On the other hand, it also means that there are fewer protections in place if things go wrong. While the US government has begun to take steps to regulate the crypto market, it is still very much in its infancy. This lack of regulation also means that there are no rules or standards when it comes to things like disclosures, insider trading, and other potential issues. As an investor, you need to be aware of these risks and do your own due diligence before investing in any cryptocurrency.

Manipulation by whales

The term whale is used to describe a large holder of a particular cryptocurrency. These whales can often manipulate the market by selling or buying large amounts of a particular coin. This can often lead to price swings that can hurt smaller investors, while the whales take advantage of their pump and dump to reap profits. Its debated if and how often this occurs, but its something to be aware of nonetheless.

Exchanges getting hacked

Another big issue in the crypto world exchanges getting hacked. This can lead to a loss of funds for investors, as well as a loss of confidence in the market. Some of the biggest hacks in recent years have been on exchanges like Mt. Gox, Bitfinex, and Coincheck. While these hacks are often newsworthy, they are also relatively rare. However, they do highlight the need for investors to be aware of the risks involved in storing their coins on an exchange. Many experts recommend only keeping the amount you need on an exchange to trade, and storing the rest in an offline cold storage wallet.

The Potential for Fraud

Another big issue with investing in cryptocurrency is the potential for fraud. This is especially true when it comes to initial coin offerings (ICOs). An ICO is when a company raises funds by selling crypto tokens to investors. These tokens can be used to access the companys products or services, or they may just be a way for the company to raise money. Either way, there have been a number of cases where companies have raised millions of dollars through an ICO only to then disappear with the funds. As an investor, you need to be very careful when considering investing in any ICO. Make sure you do your research and only invest in projects that you believe have a solid chance of success.

The Volatile Nature of the Market

Cryptocurrencies are notoriously volatile, which can make them a risky investment. Prices can swing wildly up and down, and this volatility can be exacerbated by news events or even rumors. This makes it very important for investors to have a solid understanding of the market before investing any money. Its also important to remember that cryptocurrencies are still a relatively new asset class, so they may be more volatile than other investments like stocks or bonds.

Complexity and lack of knowledge or understanding about Crypto Assets by the general public

The majority of people are still not familiar or comfortable with the concept of digital currencies which makes it difficult for them to invest in it. Many people still do not understand how these digital assets work and the potential benefits they offer. This lack of understanding can lead to a lot of people being hesitant to invest in crypto. While some may argue that this will change over time, or that the average investor doesnt need to understand the technology behind crypto to invest, it is still an issue that needs to be considered.

Growing Toll on the Environment

The process of mining for cryptocurrencies requires a lot of energy. This is because the computers that are used to mine need to be constantly running, which uses a lot of electricity. This has led to some concerns about the environmental impact of crypto mining. While there are ways to offset the impact, it is still something that investors need to be aware of. Some estimates suggest that the daily energy expenditure of bitcoin is equal to the entire country of Ireland.

What Are The Best Ways To Mitigate The Risks And Invest In Cryptocurrency Safely?

Despite the risks involved in investing in cryptocurrency, there are still many people who are eager to get involved in the market. If youre considering investing in crypto, there are a few ways you can mitigate the risks:

Do your research

This one is pretty obvious, but its worth repeating. Before investing in any cryptocurrency, make sure you do your research. This means reading up on the history of the project, the team behind it, and the community that supports it. Its also important to understand the technology behind the project and what problem it is solving. The more you know about a project, the better equipped you will be to make an informed investment decision.

Diversify your portfolio

Dont put all your eggs in one basket. When investing in crypto, its important to diversify your portfolio. This means investing in a variety of different projects. This will help to mitigate the risks associated with any one particular project.

Invest only what you can afford to lose

Cryptocurrencies are a risky investment, so its important to only invest what you can afford to lose. This way, if the market takes a turn for the worse, you wont be left bankrupt.

Consider Cryptocurrency IRAs

If youre looking for a way to invest in crypto without putting all your money at risk, you may want to consider investing in a cryptocurrency IRA or 401k. These are retirement accounts that allow you to invest in crypto without having to worry about taxes. They also insulate you from some of the volatility associated with the market.

These are just a few of the biggest issues to consider before investing in cryptocurrency. While the market is full of potential, its important to remember that there are still risks involved. By doing your research and investing only what you can afford to lose, you can help to mitigate some of these risks.

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Why Now? Isn't It Too Late To Make Money With Cryptocurrency? - FinSMEs

Cryptocurrency prices have consistently climbed over the last several years due to how simple and secure blockchain technology is. The market is currently focused on the daily introduction of a new cryptocurrency, as well as appealing features such as trading, NFTs, and so on.

When it comes to cryptocurrency investing, the many blockchain advancements allow investors to make educated choices that are in their best interests. This article focuses on various prominent coins, including Big Eyes Coin (BIG), Shiba Inu (SHIB), and Stellar (XLM).

Shiba Inu (SHIB), sometimes known as the Dogecoin killer, is a famous meme coin. Shiba Inu is one of the cryptocurrencies with a high concentration of whales, or exceptionally large cryptocurrency holders, who are likely to impact the cryptocurrencys recent resurgence substantially.

According to recent cryptocurrency news, Shiba Inu (SHIB), a competitor to Dogecoin, jumped from seventh to second place due to Ethereum whales raising their holdings by more than 580%. This coin, like many others, is not based on cash flows or assets.

Most of the apparent value of meme coins like Shiba Inu (SHIB) is based on speculation and ongoing hype. Not surprisingly, when the Shiba Inu (SHIB) excitement faded in the face of negative market conditions, Shiba Inu (SHIB) token values plummeted, now trading at 87% of their ATH.

SHIB is a meme currency becoming increasingly popular owing to its versatility. It can be used as a value store and a means of payment and aspires to join the NFT market. It is only two years old, but it has the endorsements of influential figures. Musk and Buterin have shown their admiration for SHIB, which helped spread the word about the coin.

There are various reasons why investing in SHIB may be a wise decision. For starters, SHIB has a formidable community behind it, which is critical for any cryptocurrencys long-term development.

Stellar (XLM), a blockchain-based payment network, allows for the digital representation of all types of money, including cryptocurrency and fiat. As a result, the exchange is very broad, and respected financial institutions prefer it. Stellar (XLM) prices may rise before the end of the year.

Stellar (XLM) essentially allows large investors, corporations, and institutions to move funds around with less trouble and at reduced transaction costs. Stellar (XLM) primarily enables smart contracts and allows users to send multiple currencies to other users via different currencies if they own Lumens. Stellar (XLM) does not, like Bitcoin (BTC), allow mining solely on proof of work.

When the Stellar (XLM) network initially became active in 2014, 100 billion Lumens were generated, with annual inflation of 1%. Nonetheless, the community later agreed to reduce the overall amount of Lumens to roughly 50 billion while abandoning the decision to inflate. As a result, half of the 50 billion Lumens are in circulation, with the other half being utilized by the Stellar Development Foundation to sustain the Stellar (XLM) ecosystem.

Stellar (XLM) is one of the most effective altcoin projects available and will play an important role in developing digital money. According to analysts, the value of Stellar (XLM) could rise to $10 per XLM, a significant increase from the present cost.

Big Eyes Coin (BIG) is now making headlines and drawing a lot of interest in its presale period, especially as it has already raised a whopping 3.791 million dollars. This meme coins whitepaper is evidence that it has been paying close attention to the trajectory of the current green investment trends.

This meme coin is committed to giving 5% of all its coins to organizations that help the preservation of our oceans.

Big Eyes Coins (BIG) charitable donation is in line with the Ethereum (ETH) networks recent switch to Proof-of-Stake (PoS). This upgrade significantly lowered the energy required to transfer or mine cryptocurrency (a huge enhancement to the old proof-of-work system).

Instead, individuals in this PoS blockchain network must opt-in as stake validators, enhancing sustainability, a sense of community ownership, and an incentive to join.

Big Eyes Coin (BIG) is now in a good position to attract new potential investors who may have yet to consider trading in cryptocurrencies before this update. Big Eyes Coin (BIG) is waving a green flag to a new audience eager to embrace a community that upholds sustainable values and is dedicated to rescuing the planet. Dont miss out; here is your opportunity potentially make a lot of money!

For More Information on Big Eyes Coin (BIG), visit the links below:

Presale: https://buy.bigeyes.space/Website: https://bigeyes.space/Telegram: https://t.me/BIGEYESOFFICIAL

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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The Next Big Cryptocurrency Altcoins to Buy in 2022: Shiba Inu, Big Eyes Coin, And Stellar | Bitcoinist.com - Bitcoinist

Many of Russias largest banks have been denied access to the SWIFT network, save for certain energy-related payment activities.There have also been a number of other restrictions placed on Russias ability to move funds around by key members of the G20. In response, Russia legalized cross-border payments with cryptocurrencies.

According to a recent article at Cointelegraph, European Union (EU) regulators have pushed back by completely banning members from receiving cryptocurrency payments from Russia.

The EU and United States have been very active in the Russia sanctions area, given the ongoing conflict with Ukraine and subsequent steps taken by Russia to annex regions of Ukraine. We commented earlier in PaymentsJournal on some of the payments workarounds being utilized by Russians, including the use of CBDCs with China. I expect that the real impact of the sanctions has not been felt yet, and that the brunt of the sanctions will be felt by the Russian people.

Overview bySteve Murphy, Director, Commercial and Enterprise Payments Advisory Service at Mercator Advisory Group.

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Russian Cryptocurrency Banned by the EU - PaymentsJournal

Like any other investment, cryptocurrency can be exciting and rewarding when the market is hot and when it cools down, investors, funds, and the lawyers who advise them can face tricky questions.

As noted in a recent Practising Law Institute Briefing, Cryptocurrency and Bankruptcy: What Lawyers Need to Know Now That Crypto Winter Is Here, crypto is not immune to the effects of a declining market nor to bankruptcy and its related laws.

During the information-packed One-Hour Briefing, presenter Noah Schottenstein, of DLA Piper, walks attendees through the basics of the crypto finance market, defining its unique features as compared to traditional finance. He goes on to explore novel legal issues that bankruptcy courts are only beginning to face.

As explained by Schottenstein, the crypto winter that began earlier this year was associated with the crash of the Terra/Luna cryptocurrencies. The dramatic dip in the crypto market ultimately saw high-profile bankruptcy filings, including the Three Arrows Capital hedge fund and the retail-focused crypto platforms Voyager and Celsius.

The Briefing continues with discussion of topics such as the application of avoidance actions to cryptocurrency transactions, the types of claims and protections retail depositors and other counterparties may hold in bankruptcy proceedings, and the overlay between regulatory structures and bankruptcy law.

In-house counsel, outside attorneys, and compliance, finance, and other allied professionals interested in the structure of cryptocurrency finance markets and bankruptcy law can get up to date with this program and learn why expectations surrounding the impact of bankruptcy may be upended in this evolving landscape.

Crypto and securities regulation

The bankruptcy program comes at a time when the intersection of regulations and crypto is an increasingly hot topic. At The SEC Speaks in 2022, presented by PLI with the SEC in Washington, D.C. on September 8 and 9, a main topic was crypto, crypto, crypto, said Kurt Wolfe, co-host of PLIs inSecurities podcast, in an episode about the conference. Every single panel that I attended talked about crypto, even some of the ones you wouldnt think of, like trading and markets, he said.

Wolfe and co-host Chris Ekimoff discussed the significance of Chairman Genslers opening remarks for The SEC Speaks, titled Kennedy and Crypto. In his speech, the Chairman asserted, Nothing about the crypto markets is incompatible with the securities laws. Investor protection is just as relevant, regardless of underlying technologies.

Interested in learning more?

PLI offers a wealth of resources on cryptocurrency.

If youd like to brush up on the basics, check out the one-day program Think Like a Lawyer, Talk Like a Geek 2022: Get Fluent in Technology, taking place via live webcast and in person on October 14. This unique program is designed to give lawyers the necessary background to become more knowledgeable advocates in technology-related matters and understand the emerging trends in this field, including blockchain, cryptocurrencies, and NFTs.

For those interested in diving into the growing crypto trend of DAOs, or decentralized autonomous organizations, PLI will offer Decentralized Automated Organizations (DAOs): Practical Applications and Legal Framework. Register for the November 16 One-Hour Briefing to learn how DAOs have the potential to disrupt the traditional economic system as they become active investors and lenders, while raising significant issues of securities, tax, and corporate law.

See additional crypto-related content on PLIs website.

Practising Law Institute is a nonprofit learning organization dedicated to keeping attorneys and other professionals at the forefront of knowledge and expertise. PLI is chartered by the Regents of the University of the State of New York and was founded in 1933 by Harold P. Seligson. The organization provides the highest quality, accredited, continuing legal and professional education programs in a variety of formats which are delivered by more than 4,000 volunteer faculty including prominent lawyers, judges, investment bankers, accountants, corporate counsel, and U.S. and international government regulators. PLI publishes a comprehensive library of Treatises, Course Handbooks, Answer Books and Journals also available through the PLI PLUS online platform. The essence of PLIs mission is its commitment to the pro bono community. View PLIs upcoming programs here.

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Cryptocurrency In A Declining Market: What Lawyers Need To Know About Bankruptcy, Regulation, And Other Trends - Above the Law

Cryptocurrency Price Today 8th Oct:- The crypto market is down once again as the macroeconomic outlook keeps getting worse. Bitcoin fell below the $20k mark once again and is currently trading at $19,481. It fell close to 2.42% in the last 24 hours.

Altcoins continue to face the major brunt of the sluggishness in the crypto market. Ethereum fell by 2.62% in the last 24 hours and is currently trading at $1327.

Binance Coin or BNB was one of the biggest losers of the crypto market. After facing a major hack with an attempted steal of $600 million, BNB fell by 1.42% in the last 24 hours. It is currently trading at $281.32.

Solana and DOGE both fell close to 2% in the last 24 hours and are trading at $32.91 and $ 0.6236 respectively.

Algorand suffered a major blow as well and fell by over 2% on the last day.

The market eyes the unemployment data due today with great interest. It can give a possible indication of the future policy guidance of the Fed.

The crypto market is struggling due to the aggressive stance of the Federal Reserve. Despite the continuing threat of a recession, the Fed appears to be in lockstep in their quantitative tightening.

The unemployment data is threatening to further bolster the Feds hawkish stance. It highlights that the economy and the labor market are too strong for the Fed to pivot to monetary easing.

The decision from the Organization of Petroleum Exporting Countries to cut oil supply to raise prices will not help matters. However, President Biden claims that his administration is looking into other options to counter OPECs move.

Minnesota Fed President Neel Kashkari claims that the current economic condition may look a lot like stagflation but is only a transitionary period. However, in a bizarre statement, he claims that there is no evidence that inflation has peaked.

As back-to-back data highlights high inflation, the Fed will eye the CPI data next week before making a decision on the next interest rate hike on the 1st of November.

Nidhish is a technology enthusiast, whose aim is to find elegant technical solutions to solve some of society's biggest issues. He is a firm believer of decentralization and wants to work on the mainstream adoption of Blockchain. He is also big into almost every popular sports and loves to converse on a wide variety of topics.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Cryptocurrency Price Today 8 Oct: Altcoins Tank As Inflation Soars - CoinGape

After months of anticipation, the Reserve Bank of India on Friday released a concept note on the digital currency. It said that it intends to plan pilot launches of a central bank-backed digital currency (CBDC) or e-Rupee for specific use cases.

There has been a lot of buzz around the concept of cryptocurrencies, CBDC, and digital currencies. A central bank digital currency can be described as the digital form of a country's fiat currency, whereas a cryptocurrency is also a digital currency, which is an alternative form of payment with unique encryption algorithms. In layman's terms, a CBDC is simply digital fiat, whereas cryptocurrencies are digital assets on a decentralised network.

The RBI also said that it will soon start the pilot launch of the digital rupee for specific use cases.

Here's how cryptocurrency, CBDC, and digital money differ from each other:

Digital Rupee

The Reserve Bank of India has defined CBDC as a legal tender issued by a central bank in a digital form. It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. Named the Digital Rupee, or e-Rupee, the digital currency will be the same as a sovereign currency and will be in alignment with their monetary policy.

As per RBI, the digital Rupee system will bolster Indias digital economy, enhance financial inclusion, and make the monetary and payment systems more efficient.

Also read:RBI floats concept paper on digital currency; says will launch pilot e-rupee for specific use cases soon

Other possible features of e-Rupee are that the digital currency must be accepted as a medium of payment, legal tender, and a safe store of value by all citizens, enterprises, and government agencies. It can be freely converted against commercial bank money and cash.

The digital Rupee will be a fungible legal tender, that means the holders or consumers can use it without having a bank account.

RBI expects its expenditure on issuance of money and transactions to go down drastically with the introduction of CBDC.

CBDC

CBDCs are digital version of government-backed, fiat money, which uses blockchain technology to verify and store transaction data. But the major difference is they operate on a centralised network, which is a permissioned network.

CBDCs will work seamlessly where the transactions wont have to pass through multiple banks, like the UPI. The CBDC transaction can happen nearly instantaneously on one digital ledger. For those who are unbanked, CBDCs would provide a way to transfer money digitally, which is not possible at present with UPI or wallet.

Also read:Centre finalising stance on cryptocurrencies as FATF discussions loom

Globally, many nations, such as China, Ghana, Jamaica, and some European countries are exploring their CBDC products. Some have even launched their digital currencies.

There are nine countries that have fully launched their CBDCs. Eight of the nine countries are located in the Caribbean. The Sand Dollar of the Bahamas was the first CBDC of the world, which was launched in 2019.

Cryptocurrencies

Cryptocurrencies, like Bitcoin and Dogecoin, are stored on a decentralised blockchain network, where transactions can happen, authenticated, and recorded in the public ledger without any third-party interference or central authority monitoring the deal.The basic core difference between a cryptocurrency and digital money is that cryptocurrencies use decentralised network.

Whereas CBDCs, though use the blockchain technology, is entirely centralised. A central bank oversees and facilitates the transactions with the help of other third-party organisations. In the core, cryptocurrencies are private money, whereas CBDCs are government-backed forms of money. Therefore, CBDC is touted as safe form of money.

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Cryptocurrency vs CBDC vs digital money: Whats the difference? - Business Today

CNBC reported today that the payments company, Visa, has teamed up with FTX, a global crypto exchange, to offer cryptocurrency debit cards in 40 countries, making it easier for users to spend cryptocurrencies.

Its Visas new initiative to push crypto further into the mainstream, with over 70 partnerships so far. The deal has come to light when the price of Bitcoin and other cryptocurrencies has fallen to almost half of what it was last year. Despite falling prices this year, Visa is confident that people will still want to buy things using cryptocurrencies.

This card will link directly to an investors FTX cryptocurrency account. Additionally, the CNBC report highlights that Latin America, Asia, and Europe will primarily be their areas of attention.

However, Visa has partnered with the most popular crypto Exchanges, Binance and Coinbase. Its rival, American credit card company, Mastercard, has also joined the collaboration trend by partnering with Coinbase and Bakkt to offer currency-related services to banks and retailers on its network, the CNBC report said in the statement.

FTX launched its Visa debit card in the US earlier this year. As a result of its long-standing partnership with Visa and its extensive global network of partner retailers, they now want to make these cards widely available to expand its availability.

In a phone interview, Visa CFO Vasant Prabhu told CNBC that the new crypto card enables clients to spend cryptocurrency without transferring it off an exchange.

Visa CFO Vasant Prabhu also asserts that:

We dont have a position as a company on what the value of cryptocurrency should be or whether its a good thing in the long run as long as people have things they want to buy, we want to facilitate it.

In the CNBC report, FTX CEO Sam Bankman-Fried acknowledges that there are multiple ironies in cryptocurrency partnerships. Cryptocurrencies were originally created to avoid banks and other middlemen, but now they embrace them for their newfound popularity among mainstream users.

Bankman-Fried also argues that payment cards are crucial to cryptos growth into something more than just a speculative asset. He noted that the Visa partnership made it much easier for merchants to accept cryptocurrencies without having to set up their technical infrastructure, citing that Visa and FTX converted them behind the scenes.

According to both CEOs, emerging markets present the most enticing opportunity for investors of digital assets. Countries such as Turkey and Argentina were identified by Bankman-Fried as having rampant inflation rates of over 83% and 78%, respectively.

Related Reading | Shiba Inu: Yet another tease for the most complex card game

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Visa Teams Up With FTX To Offer Cryptocurrency Debit Cards In 40 Countries - TronWeekly

CHICAGO and LONDON, Oct. 6, 2022 /PRNewswire/ --CME Group, the world's leading derivatives marketplace, and CF Benchmarks, the leading provider of cryptocurrency benchmark indices, today announced plans to launch three new cryptocurrency reference rates and real-time indices, which will be calculated and published daily by CF Benchmarks, beginning October 31.

Logo: https://mma.prnewswire.com/media/1915231/CME_CF_Benchmarks_Combo_Logo.jpg

These reference rates and indices are not tradable futures products. They include the following:

"Together with bitcoin, ether and other available cryptocurrencies, CME CF Reference Rates and Real-Time Indices will capture more than 92% of the investable cryptocurrency market capitalization," said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. "These new benchmarks are designed to allow traders, institutions and other users to access a much broader range of cryptocurrencies through a suite of products they are already familiar with, allowing them to confidently and more accurately manage cryptocurrency price risk, value portfolios or create structured products like ETFs."

CME CF Reference Rates and Real-Time Indices are based on robust methodologies that have regular expert oversight and are designed to meet the growing need for transparent, regulated and round-the-clock pricing.

Several leading crypto exchanges and trading platforms will provide pricing data for these new benchmarks, starting initially with Bitstamp, Coinbase, Gemini, itBit, Kraken, and LMAX Digital. Each coin will trade on a minimum of two of these constituent exchanges.

"Investors are increasingly seeking exposure to a wider range of cryptocurrencies as they learn more about the potential of the digital asset class," said Sui Chung, CEO of CF Benchmarks. "Regulated investment products, spearheaded by CME Group's Crypto derivative suite, have helped open crypto to a much wider range of investors. Through its robust reference rates, CF Benchmarks is proud to be able to facilitate the creation of regulated financial products for this new asset class so investors can seek and manage exposure with confidence."

"The introduction of new products at CME Group is both exciting and necessary, as investors demand a focused exchange where safety and risk are a primary priority," said Bill Cannon, Head of Portfolio Management at Valkyrie Investments. "This expansion provides functional accessibility to a variety of new and unique financial products, bridging the ever-narrowing gap between traditional and decentralized financial markets. We find that these types of innovations, especially at the current point in the cycle, will help build a stronger foundation in digital assets and create new channels of growth considering the amount of investment currently entering the sector."

Each of these new reference rates will provide the U.S. dollar price of each digital asset, published once-a-day at 4 p.m. London time, while each respective real-time index will be published once per second, 24 hours a day, 365 days per year.

For more information on these products, please visit http://www.cmegroup.com/cryptobenchmarks.

About CME Group

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based oninterest rates,equity indexes,foreign exchange,energy,agricultural productsandmetals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-miniare trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively.Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners.

About CF Benchmarks

CF Benchmarks is the leading provider of cryptocurrency benchmark indices, authorised and regulated by the UK FCA under the EU BMR. Composed of market data from six constituent exchanges, its benchmark indices are provided through public methodologies and transparent governance, for tracking, valuing and settling risk in cryptocurrency financial services and products. CF Benchmarks' indices have been used to settle over $500bn of cryptocurrency derivative contracts listed for trading by CME Group and Kraken Futures.

CME-G

SOURCE CME Group

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CME Group and CF Benchmarks to Launch Three New Cryptocurrency Reference Rates and Real-Time Indices on October 31 - PR Newswire

Over the past 24 hours, Elrond's EGLD/USD price has risen 4.12% to $55.88. This continues its positive trend over the past week where it has experienced a 17.0% gain, moving from $46.53 to its current price. As it stands right now, the coin's all-time high is $545.64.

The chart below compares the price movement and volatility for Elrond over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 209.0% over the past week while the overall circulating supply of the coin has increased 2.69% to over 23.62 million which makes up an estimated 75.19% of its max supply, which is 31.42 million. The current market cap ranking for EGLD is #43 at $1.31 billion.

Powered by CoinGecko API

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Elrond's Price Increased More Than 4% Within 24 hours - Elrond (EGLD/USD) - Benzinga

Cryptocurrency prices today rose as Bitcoin, the world's largest and most popular cryptocurrency, was trading more than 5% higher at $19,736. The global crypto market cap today was nearing the $1 trillion mark, as it was up over 3% in the last 24 hours at $999 billion, as per CoinGecko.

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, also gained more than 5% at $1,368. Meanwhile, dogecoin price today rose marginally to $0.06 whereas Shiba Inu gained nearly 2% to $0.000011.

Most cryptocurrencies rose on Monday in counter to the equity markets. After dipping in the past week, Bitcoin and Ethereum rose by nearly 5% each. As buyers could fix the BTC initiative above the US$19,000 level, the next resistance would be at $20,600. On the other hand, Ethereum also regained its psychological support at $1,300. The supply of the token has increased by 8,400 ETH as it transitioned from PoW to PoS. We might likely see a mid-term growth if the price of Ethereum returns to the $1,380-$1,400 level," said Edul Patel, CEO and co-founder of Mudrex, a global crypto investing platform.

Other crypto prices' today performance also improved as Solana, Polygon, Avalanche, Binance USD, Polkadot, Litecoin, Cardano, Chainlink, Tron, Tether prices were trading with gains over the last 24 hours, however, XRP, Stellar, ApeCoin slipped. Terra and Terra Luna Classic rallied more than 24% and 48% respectively, as per CoinGecko.

South Korea said Interpol requested law enforcement worldwide to locate and arrest Terraform Labs co-founder Do Kwon, who faces charges related to the $60 billion wipeout of cryptocurrencies he created, reported Bloomberg. South Korean officials have accused Kwon and five others of crimes including breaches of capital-markets law. Kwon earlier this year moved from South Korea to Singapore, where his now collapsed Terraform Labs had a base, but his location became unclear after the city-state on Sept. 17 said hes no longer there.

Terraform Labs was behind the TerraUSD algorithmic stablecoin and its sister token Luna. Both coins imploded in May and sparked huge losses in crypto markets, which were already reeling from tightening monetary policy.

(With inputs from agencies)

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Cryptocurrency prices today rally as Bitcoin, ether surge over 5% each | Mint - Mint