Wednesday, November 30

New Delhi: Crypto markets were trading largely flat ahead of the Thanksgiving holiday. The digital asset market has been making a recovery over the past three days but the sentiment remained fragile amid mixed views on rate hike trajectory.

Barring a few tokens, major top crypto tokens were trading lower. Polygon plunged 5%. Cardano, Solana and Polkadot shed 3% each. Among the gainers, XRP was 4% up.

The global cryptocurrency market cap was trading lower around $829 billion, dropping more than a per cent in the last 24 hours. However, the total trading volume was lower, plunging 23% to $47.87 billion.

What’s cooking in India

Indian crypto exchange CoinDCX has published its Proof of Reverses (PoR) in partnership with Nansen. With this, CoinDCX’s on-chain and off-chain asset balances and complete list of wallet addresses are available for public viewing and verification with the click of a button.

The PoR data will be readily available, and CoinDCX plans to post monthly updates on R2L ratio, to give customers complete confidence in the health of the company’s business and the safety of investments.
Global Updates

Kraken’s chief operating officer said that crypto’s future will be based on self-custody and clear regulatory standards. Dave Ripley is the current COO of the crypto exchange and has been named to replace CEO Jesse Powell when he steps down.

Brendan Blumer, the founder and CEO of EOS developer Block.One, has bought 9.3% of crypto bank Silvergate Capital (SI), while Block.One bought an additional 7.5%, according to Securities and Exchange Commission documents filed.


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