1. Market Buzz
The cryptocurrency market was in the green on July 4.
Today, July 4, the cryptocurrency market was in green. The global market cap of the cryptocurrency market is $1.42 trillion. This represents a 2.06 percent increase in volume over the previous day. The crypto market’s total volume for the last 24 hours was $60.59 billion. This is a 6.59 percent decrease. All stable coins now account for $47.02 billion. This is 77.61% of the 24-hour cryptocurrency market volume. Bitcoin’s current price is $34,505.41. Its dominance is 45.50%, which is an increase of 0.18 per cent over the previous day. Full
2. Big Story
CEO Brian Armstrong announces that Coinbase is opening an office in India.
Brian Armstrong, Coinbase CEO and Co-Founder, has stated that the company plans to expand its Indian team. Armstrong tweeted late on July 2: “Coinbase is building an office in India!” Amazing team in place. Come join us. Although the tweet did not provide any further details, Armstrong linked to a blog post titled “Building Crypto Out of India” by Pankaj Gupta (VP Engineering and Site Lead India), which detailed Coinbase’s plans in India. Gupta stated that the post shared the company’s plans and ambitions for India and how they are thinking about the hub in general.
3. In Focus
Cryptocurrencies will revolutionize finance in the same way that the Internet revolutionized information.
The power of cryptocurrency is to create a “borderless” world of finance. It is not controlled or managed by any one person or entity but rather by a group. Each country has its own banking regulations and financial institutions are bound to their geography. This barrier could be broken by cryptocurrency in the future. Blockchain allows the transfer and storage of data, but blockchain does not require intermediaries. Blockchain technology has the potential to revolutionize the financial sector by enabling cross-border transactions of data that are faster, more transparent, and safer than ever before.
The role of Central Bank Digital Currencies in commercial banking is important. (MC PRO).
To challenge large tech, fintech and cryptocurrencies from dominating payments settlement space, central banks and governments may collaborate with commercial banks. Read more.
5. Do This Now
Staking: The New Giant of Crypto Investments
Coinsbit India announced India’s largest ever airdrop on April 9, 2021. Since then, 665550 KYC verified users have received CIN worth $200 each. The company also has a 5-level referral program that offers staking opportunities. Staking cryptocurrency is a more resource-efficient alternative to mining. It involves keeping funds in a wallet to help support the security and operation of a blockchain network. This is the act that locks cryptocurrencies in order to get rewards. Coinsbit India Staking allows you to earn rewards by holding coins and’staking” them on the exchange. You will receive 3 percent monthly rewards.