Cryptocurrency Prices Today April 4: Bitcoin edges up, Dogecoin biggest gainer
Cryptocurrencies traded in the green early on April 4. The global crypto market cap is $2.14 trillion, a 0.73 percent increase over the last day. The total crypto market volume over the last 24 hours is $94.07 billion, a 14.86 percent decrease.
The total volume in DeFi is currently $13.72 billion, 14.58 percent of the total crypto market 24-hour volume. The volume of all stable coins is now $77.41 billion, which is 82.29 percent of the total crypto market 24-hour volume.
Bitcoin's price is currently Rs 36.03 lakh, with a dominance of 40.66 percent. This is a 0.30 percent decrease over the day, as per CoinMarketCap data.
In news, a roughly $600 million hack of software underpinning the popular play-to-earn game Axie Infinity is likely to change the attitude and responsibilities of venture capitalists investing in crypto, said Animoca Brands co-founder Yat Siu.
The security breach allowed hackers to steal 173,600 Ether and 25.5 million USDC tokens and underscored the glaring weaknesses in so-called bridges that allow digital tokens to be swapped between different blockchains.
Animoca, which has a range of businesses related to non-fungible tokens, is an investor in Sky Mavis, the developer of Axie Infinity.
“It’s a shame that maybe this needed to happen to Sky Mavis for the world to take note, but we’re all being more careful,” Siu said in an interview at the NFT LA conference in Los Angeles.
In the March 23 attack, hackers targeted the Ronin Bridge, which Sky Mavis adopted to help Axie Infinity’s network accelerate transactions and reduce costs.
Meanwhile, Indonesia plans to impose value-added tax (VAT) on crypto asset transactions and an income tax on capital gains from such investments at 0.1 percent each, starting May 1, a tax
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