What Happened in the Crypto Market While Everyone Was Sleeping – July 11 Review
Date: 2023-07-11 Author: Karina Ziganova Categories: BLOCKCHAIN, CRYPTO PAYMENTS
The Dubai regulator has suspended the license of the BitOasis crypto exchange, suspicious details were found in the code of the Brazilian CBDC pilot, web3 is losing venture capital funding — these and other cryptocurrency news on the morning of July 11 in our review
Behavior of cryptocurrencies — leaders of capitalization
Bitcoin (BTC), according to CoinMarketCap, started Tuesday with a slight increase. As of 06:08 (Moscow time), the cryptocurrency is trading at $30,469 (1 token in rubles — ₽2,759,192). The minimum of bitcoin in 24 hours is $30,049, the maximum is $31,026.
Ethereum, the second largest cryptocurrency by capitalization, started the day with a sideways movement. As of the time of writing, the coin is trading at $1878 (1 token in rubles is ₽170,051).
In the top 10 most capitalized cryptocurrencies, BNB (+5.33%) recorded the best result for the day, and Solana (+11.53%) for the week. Within 24 hours, all coins, with the exception of stablecoins, showed positive dynamics. The largest losses for the week were recorded in Litecoin (-9.64%).
In the top 100 most capitalized cryptocurrencies, the best result per day was recorded by Mina (+13.87%), for the week — by the already mentioned Solana (+11.53%). Over the past 24 hours, eCash has lost the most in price (-3.37%). The biggest losses for the week were recorded by Pepe (-16.60%).
The main news of cryptocurrencies on the morning of July 11
The volume of venture capital investments in the web3 industry in the first quarter of 2023 decreased by 80%. About this, with reference to the data of analysts at K33 Research, the media write.
According to analysts, in the first quarter of 2022, the web3 industry received $15 billion in venture capital investments. A year later, the figure dropped to $4 billion, and analysts do not rule out a further drop in the volume of web3 venture capital funding.
In the code of the Brazilian pilot of the central bank digital currency (CBDC), details of the code were discovered, thanks to which it is possible to freeze the balance of users or reduce it. Information about this appeared in the local media.
According to developers who have studied the code of the Brazilian CBDC pilot, the project lacks specifics. Now it is unclear who and for what purposes can use the "loopholes" that allow you to freeze the balance and carry out other actions with it.
