On October 6, cryptocurrency prices remained positive. Bitcoin, the world’s most valuable cryptocurrency by market capitalization, surpassed $50,000 for the first time in four weeks on Tuesday, adding to a string of advances since the beginning of the month.
The global cryptocurrency market was valued at $2.22 trillion, down 3.06 percent from Tuesday, while total crypto market volume increased 3.29 percent in the last 24 hours to $110.8 billion. Bitcoin was trading at $51,205.16 at 8:25 a.m., with a 43.58 percent dominance, up 0.56 percent on the day. Read the entire thing here.
What happens if India decriminalizes cryptocurrency?
Amid reports of China imposing a blanket ban on cryptocurrency transactions, signs of the government’s cautious stance, and a long-awaited announcement regarding the official cryptocurrency bill to be tabled in the upcoming winter session of the parliament, we take a look at a terrifying scenario in the case of cryptocurrency de-legalization in India. More information is available here.
What Has Changed?
The first Asia-focused decentralized exchange, NASDEX, has launched.
Starter, an IPO (Initial DEX Offering) launchpad, incubator, and investor network that allows the interoperability of IDO launches on 7 popular blockchains, announced the launch of NASDEX, an independently owned and operated decentralized exchange that allows users to trade tokenized stocks on the blockchain via a minting and trading mechanism, in an effort to boost the DEX ecosystem in Asia. Details can be found here.
All Over the World
The Raza Saga: A man who lost everything in cryptocurrency just to empower others
From losing a lot of money to a Ponzi cryptocurrency scheme to now helming BitInnings, a platform he founded to impart fundamental cryptocurrency education to empower millions of Indians, and previously CryptoKanoon, a platform for crypto regulatory news and analysis, Raza’s experience with the nascent, rapidly evolving Indian cryptocurrency space is one to know, live, and undo. More information is available here.