An overview of the day’s most fascinating stories on cryptocurrencies including Bitcoin, Ethereum, and Tether.
Bitcoin and Ether in red
Early on September 24, major cryptocurrencies were trading down as the market capitalization of all cryptocurrencies fell from the previous day by 0.55 percent to $935.68 billion.
Over the past 24 hours, the overall volume of the crypto market decreased 7.86 percent, reaching $81.71 billion. DeFi’s 24-hour volume was $4.22 billion, or 5.17 percent, of the overall volume of the crypto market. All stable coin volume was $74.18 billion, or 90.78 percent of the 24-hour volume of the whole crypto market.
According to CoinMarketCap, the price of bitcoin fluctuated about Rs 16 lakh with a market share of 39.26 percent, a decline of 0.01 percent from the previous day.
Avinash Shekhar, CEO of ZebPay, has made the decision to leave the company as the going gets harder for Indian cryptocurrency start-ups. This comes one month after Chief Financial Officer (CFO) Tarun Jain left the organization, according to many individuals with knowledge of the situation.
One of the biggest cryptocurrency exchanges in India is ZebPay. When contacted, the ZebPay team confirmed the news to Moneycontrol, adding that Shekhar would now focus on starting his own business that will deal with Web 3.0 and cryptocurrency tax compliance. A tiny ownership part of this new startup will be held by ZebPay.
One of the major validators, stakefish, was plagued by instability on the same day that the Ethereum Merge greatly increased the role of validators in the blockchain ecosystem. According to those with knowledge of the situation, more than 25% of its personnel was either let go or quit, including two top leaders: Jun Soo Kim, head of strategy and operations, and Daniel Hwang, head of protocols.
Wafini is a Web 3.0 decentralized NFT marketplace for non-fungible tokens and NFT collectibles that is driven by the community. Users will be able to use intelligent contracts enabled by the Cardano Blockchain to mint, list, sell, and trade their non-fungible tokens.
After successfully completing a $200,000 private seed round, Wafini is about to launch its seed sale to early adopters and investors who want to support the Wafini initiative.
