Bitcoin is down, and Polkadot is the lowest

Early on April 25, cryptocurrencies were trading in the red. The worldwide crypto market cap is at $1.80 trillion, down 2.04% from the previous day. The overall crypto market volume over the last 24 hours has increased by 20.13 percent to $65.06 billion. The overall volume in DeFi is currently $7.63 billion, accounting for 11.73 percent of the entire 24-hour volume in the crypto market. The overall volume of all stable coins is now $50.68 billion, accounting for 77.91 percent of the total 24-hour volume of the crypto market.

Eligible users of Twitter’s Ticketed Spaces and Super Follows programs will be able to receive their earnings from the company in USD coin, a stablecoin whose value is pegged to the US Dollar. Users who receive crypto payments can hold their earnings in crypto wallets on the Polygon network, a crypto infrastructure firm on the Ethereum blockchain, and can then exchange them into other currencies.

Bitcoin’s price is currently Rs 31.43 lakh, with a dominance of 41.23 percent. This was a 0.33 percent increase over the day, as per CoinMarketCap data. Twitter and digital payments processor Stripe Inc. will pilot cryptocurrency payments for select users of the social media site’s content monetization products.

On the regulatory side Reuters reported that the Office of the Comptroller of the Currency (OCC) in the United States has said it plans to start cease and desist proceedings against Anchorage Digital Bank National Association for failing to adopt programs to meet record keeping rules and prevent money laundering. The South Dakota-based crypto bank failed to adopt a compliance program that meets their requirements on Bank Secrecy Act and anti-money laundering rules, the OCC said in a statement.

News Summary:

  • Bitcoin is down, and Polkadot is the lowest
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