Even as India is working on legislation to ban cryptocurrency trading, an index that tracks the performance of major cryptos has been launched in the country.
Binance Coin's (CRYPTO: BNB) price has increased 3.44% over the past 24 hours to $567.73. Over the past week, BNB has experienced an uptick of over 10.0%, moving from $516.58 to its current price. As it stands right now, the coin's all-time high is $686.31.
Over the past 24 hours, Binance Coin's (CRYPTO: BNB) price has fallen 4.78% to $518.74. This continues its negative trend over the past week where it has experienced a 9.0% loss, moving from $580.63 to its current price.
The hot wallet — a wallet where readily accessible funds are held — of cryptocurrency exchange AscendEX was hacked and tens of millions of dollars worth of Ethereum (CRYPTO: ETH), Binance Smart Chain (CRYPTO:
High-flying cryptocurrencies have fallen back to earth from stratospheric levels amid profit taking that gained momentum following the emergence of the omicron variant threat. Notwithstanding the current lean patch, digital currencies are hugely popular with investors.
A whale — cryptospeak for really wealthy cryptocurrency investors — bought as many as 99 billion Shiba Inu (CRYPTO: SHIB) tokens, worth millions of dollars, at once.