The US Securities and Market Commission (SEC) has granted Boston Security Token Exchange LLC (BSTX) all required permissions to operate the first blockchain-based national stock exchange in the United States.
In the meantime, the worldwide cryptocurrency market has began to recover from its recent low point. The worldwide cryptocurrency market capitalization grew by 2.75 % to $1.70 trillion at 8:16 a.m. As per Coinmarketcap data, the cryptocurrency trading volume dropped 7.15 percent to $81.35 billion.
“The current lack of success of various altcoins and decentralised finance (DeFi) tokens indicates increased danger in the crypto markets,” says Gaurav Dahake, CEO and founder of Bitbns. Bitcoin (BTC), the world’s oldest cryptocurrency, rose 1.78 % to $37,518.87.
Vitalik Buterin, the co-creator of Ethereum (ETH), tweeted on Friday that he had received $100 million in USDC from CovidRelief, a Covid-19 relief fund created up by Sandeep Nailwal, the founder of the Polygon (MATIC) blockchain. These monies, according to Buterin, will be utilised for research on the Covid-19 vaccine, air filtration devices, and a variety of other significant scientific projects. In response to this great cause, the price of Ethereum rose by 4.86 % to $2,529.54.
Cardano (ADA), one of the most popular coins, was up 0.01 % at $1.05. The Ethereum killer, Algorand (ALGO), went up 3.69 % at $0.9671, bringing its market worth to $6,331,832,851. Binance Coin (BNB) fell 0.66 % to $386.89, whereas Solana (SOL) fell 0.11 % to $91.45 and Polkadot (DOT) dropped 0.07 % to $18.32. YAM V2 (YAMV2), which is up 3640.26 percent to $194.70 today, was the best gainer of the day. Farm Finance (FFT), which is down 99.24% at $0.0002443, is the worst performer.
DeFi And Meme Coins
DOGE (Dogecoin) was trading at $0.142, up 0.19 %. Its market capitalization to volume ratio is 0.02569. Shiba Inu (SHIB), a competitor, was up 0.76 % to $0.00002131.
At $0.0000009068, Dogelon Mars (ELON) was up 0.73 percent. Meanwhile, Floki Inu (FLOKI) fell 5.17 % to $0.00003778, while Samoyed Coin (SAMO) surged 22.09 % to $0.02571.
The Boston Options Exchange (BOX) Digital Markets and tZERO, a blockchain technology vendor, have partnered to form BSTX. “With BOX Digital’s expertise in building and operating a sophisticated securities exchange and tZERO’s industry-leading blockchain technology innovation, we have brought together our organisations’ combined expertise to drive innovation,” said Alan Konevsky, BSTX Board Member and tZERO interim CEO and chief legal officer, according to a yahoo.com report.
Buterin’s finances came through Nailwal’s sale of donated Shiba Inu (SHIB) tokens. Buterin stated in the same post that he will personally oversee the growth of these funds by investing them in a number of high-risk, high-reward Covid science and relief programmes across the world. He has co-founded ‘Balvi,’ a new entity that will manage the distribution of these money.