Cryptocurrency Price Today: Bitcoin Approaches $24,000 Mark, Celsius Emerges As Biggest Gainer

Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, is racing towards the $24,000 mark as it’s on a steady growth spell over the last few days. Other popular altcoins, including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Litecoin (LTC), and Ripple (XRP), all managed to land in the greens on early Tuesday morning. Among lesser-known altcoins, the Celsius (CEL) token emerged to be the biggest gainer in terms of price over the last 24 hours. On the other hand, Lido DAO (LDO) turned out to be the biggest loser.

At the time of writing, the global crypto market cap stood at $1.13 trillion as per CoinMarketCap data, registering a 24-hour gain of 1.92 percent. 

Bitcoin (BTC) price today

At the time of writing, BTC was priced at $23,855. As per CoinMarketCap, Bitcoin saw a 24-hour gain of 2.32 percent. As per Indian exchange WazirX, BTC price stood at Rs 18.31 lakhs.

Ethereum (ETH) price today

With a 24-hour gain of 3.98 percent, ETH price stood at $1,779.14. As per WazirX, Ethereum price in India stood at Rs 1.37 lakhs.

Dogecoin (DOGE) price today

DOGE saw a 24-hour gain of 1.08 percent as per CoinMarketCap data, currently priced at $0.07071. As per WazirX, Dogecoin price in India stood at Rs 5.54.

Litecoin (LTC) price today

Litecoin registered a gain of 1.91 percent over the past 24 hours. At the time of writing, it was priced at $62.35. LTC price in India stood at Rs 4,701.01.

Ripple (XRP) price today

XRP price stood at $0.3774, seeing a 24-hour gain of 1.05 percent. As per WazirX, Ripple price stood at Rs 28.48.

Solana (SOL) price today

Solana price stood at $42.44, marking a 24-hour gain of 1.11 percent. As per WazirX, SOL price in India stood at Rs 3,210.01.

Top crypto gainers today (August 9)

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Celsius (CEL)

Price: $1.88
24-hour gain: 29.37 percent

Zcash (ZEC)

Price: $80.90
24-hour gain: 14.59 percent

The Graph (GRT)

Price: $0.1503
24-hour gain: 14.45 percent

Mina (MINA)

Price: $0.9567
24-hour gain: 8.94 percent

Dash (DASH)

Price: $57.21
24-hour gain: 6.65 percent

Top crypto losers today (August 9)

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Lido DAO (LDO)

Price: $2.34
24-hour loss: 4.91 percent

Filecoin (FIL)

Price: $8.71
24-hour loss: 4.47 percent

Loopring (LRC)

Price: $0.4693
24-hour loss: 3.70 percent


Price: $4.80
24-hour loss: 1.90 percent

Theta Network (THETA)

Price: $1.64
24-hour loss: 1.88 percent

What crypto exchanges are saying about the current market scenario

“Bitcoin price has been continuously falling from an all-time high of $64,400 to the current price of $24,168. This dip has encouraged investors to increase their Bitcoin holding, increasing the number of Bitcoin wallets holding more than one BTC by 10 percent (YTD). Currently, over 892,100 wallet addresses have more than 1 BTC, reaching an all-time high. All the 21 million bitcoins are expected to be in circulation by 2140, of which about 19 million were already mined. The number indicates that most people hold only fractions of a coin in their wallets,” Edul Patel, the CEO and Co-Founder of Mudrex, told ABP Live. “On the price action front, the cryptocurrency market seems to have a slow yet steady recovery. It could be a good time to ramp up your systematic regular investments into crypto if you have not already started.”

Commenting on the crypto market scenario, Sathvik Vishwanath, CEO and Co-Founder of Unocoin told ABP Live, “Monday was strong for crypto markets. While the day started with a flat note, the momentum got picked up by the mid-day and saw an increase in prices by up to 4 percent.  Alternate blockchain tokens were more bullish to hit 6 percent gains. However, as the day was getting to an end, corrections triggered in and the market had to settle for a net gain of 2-3 percent across all major coins and tokens”

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

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SANGO Coin Is Defining What It Means To Be A Government-Backed Cryptocurrency

SANGO Coin has burst into the scene this year and is already changing what it means to be a government-backed cryptocurrency. The first-of-its-kind cryptocurrency is bringing all of the power of the bitcoin blockchain to create a digital-first economy that is directly backed by the Central African Republic.

The country had previously adopted bitcoin as a legal tender, with 0% tax for all cryptocurrency transactions, but the digital asset had its own limitations. The Sango Initiative was created to meet the needs of the government.

Breaking Ground With Bitcoin

The Central African Republic has built the entire Sango ecosystem on the bitcoin blockchain. Being a sidechain, the project is able to leverage all of the best parts of the bitcoin network while making up for areas where the network falls short. It already possesses a strong foundation by doing this but goes one step further than government-backed cryptocurrencies do.

Sango leverages smart contracts to provide more scalability, privacy, and programmability and reduces the burden on the bitcoin network by actually distributing the work to its own second layer. This is not only beneficial for the bitcoin network but also for Sango, which is not subject to the network overload woes that often plague bitcoin during times of high transaction. This helps Sango to facilitate faster and cheaper transactions on the bitcoin network.

The nodes that the Sango Coin runs on are controlled by entities in the Central African Republic. The Institutional Quorum, as it’s called, is made up of the president, ministers, and members of the National Assembly who are democratically elected to assume this role.

The CAR is able to provide a decentralized cryptocurrency buy building on bitcoin without running the risk of de-pegs. This one fact separates the digital asset from Central Bank-issued CBDCs that are entirely controlled by the government and run the risk of de-pegging from whatever fiat currency it was pegged to.

Promoting Africa With SANGO Coin

Central African Republic (CAR) is one of the many African countries with vast resources that remain underutilized. The potential in the African continent is immense, but it continues to struggle under fragile monetary systems. It is one of the reasons why crypto adoption has been rapid in the region, with residents choosing crypto over established fiat currencies.

With SANGO Coin, the CAR is creating a more secure and citizenship-friendly monetary system that puts the growth of the country first. The digital currencies are easily usable across borders, which eliminates the issue of not being able to carry out international trade easily using the local currency.

SANGO Coin also provides a more efficient system compared to traditional banking systems. Transactions are faster, cheaper, and safer because it is a sidechain of the bitcoin network.

The Sango Initiative is also drawing more attention to the CAR by offering citizenship through SANGO Coins. Individuals can apply to become a citizen of the Central African Republic by buying and locking $60,000 worth of SANGO Coins, and they get a CAR passport for international travels.

The e-residency system also avails the same opportunity to corporations who wish to exist as entities of the country in a digital way. Buying real estate has also never been easier since individuals and entities can purchase land in the Crypto City area of Bangui for $10,000 worth of locked SANGO tokens and get the metaverse alternative of the land too. All of the investments made through cryptocurrency carry a 0% income rate.

SANGO is no doubt building the most extensive digital democratic system, which gives every holder a voice in governance. The token’s value holds up nicely being backed by bitcoin, and investors own all of their tokens while creating a digital identity.

To learn more, visit the website


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Arctium Crypto Club Brings Together Top-Notch Blockchain Exp…

(MENAFN– GlobeNewsWire – Nasdaq)

Singapore, Aug. 09, 2022 (GLOBE NEWSWIRE) — The Connection over Web3 event, hosted by BitDATA Exchange on 29th July 2022, concluded with the first-of-its-kind cocktail networking conference to attract global top-notch Blockchain developers, investors, and enthusiasts in a casual setting, right within Arctium Crypto Club in Singapore. The event has received an overwhelming response from the public, with over 100 sign-ups for the event in less than a day.

The conference was successful in bringing together a mix of professionals who were keen to explore and research on the possibilities in Web3. BitDATA Exchange had the pleasure of welcoming Dr. Yu Jianing, President of Huobi University, and Professor Yan Li, Senior Lecturer from Nanyang Business School (NTU), to share about the evolutions of Web3, i.e. NFTs, Metaverse, Blockchain, etc.

The keynote presentation featured Wang Weibo, a well-known security researcher from Web3 security company, Numen Cyber Technology, who presented about the global security trends, the latest attack methods, and corresponding security solutions in various Web3 application scenarios.

Despite the effects of the recent cryptocurrency market crisis, the panel of industry professionals gave a cautiously optimistic appraisal of the revolution and potential in Web3. The discussion was moderated by Ming Yue Shao, a Senior Financial Program Host and Producer of Decryption Technology Column.

The panel was made up by professionals from various niches: Ken Wong, CEO and Founder from BitDATA Exchange; Wang Hao, Managing Director of IDEG; Eric Chen Han, Solution Architect and Cloud Expert from Huawei Cloud; Dr. Yu Jianing, Principal, Blockchain and Web3 Expert from Huoda Education.

“The purpose of this cocktail networking event is to showcase a Web3 ecosystem in which services from different niches can be used interchangeably to create an online experience and that’s where we connect the dots,” Ken Wong concluded.

Singapore remains committed to staying open to trade, investments, talent, and ideas from around the world. Arctium Crypto Club exemplifies this dedication to transparency and envisions Web3 as a way to link industry specialists from different fields.

Recently, BitDATA Exchange has curated a webinar for the members of the Singapore Chinese Chamber of Commerce and Industry (SCCCI) and it wasn’t the first time they received active participation and positive feedbacks from the attendees.

Receive a notification on Arctium Crypto Club’s upcoming event, join their Telegram group:

About Arctium Crypto Club

Arctium Crypto Club is about bringing together Blockchain and Cryptocurrency enthusiasts, and connecting with some of the best and brightest in the industry. The club welcome members to join in these fascinating monthly discussions and get exposed to an exclusive network.


Arctium Crypto Club

Jade Lee

The views, suggestions, and opinions expressed here are the sole responsibility of the experts. Do your own research before making a financial decision related to any crypto company or asset.


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Crypto Price Today Live: Bitcoin briefly tops $24,000; Ethereum and Polkadot add up to 5%

Crypto market was able to hold its gains on Tuesday as the volumes rose sharply in the last 24 hours. Bitcoin briefly topped the $24,000 mark, supporting the notion that investors have a risk appetite for the riskier asset class.

Crypto market has been rallying over the past four days amid hopeful signs that inflation will soon be under control without triggering a steep recession. Inflation holds center stage on this week’s investor.

Only BNB, Avalanche and Shiba Inu were marginally down, whereas all other tokens were trading in green. Polkadot jumped about 5 per cent, whereas Ethereum rose 4 per cent. Bitcoin gained over 2 per cent during the early hours.

The global cryptocurrency market cap was trading higher at $1.13 trillion mark, rising higher by 2 per cent in the last 24 hours. However, the total trading volume soared as much as 80 per cent, close to $76.14 billion.

What’s cooking in India

Global crypto exchange Binance said it would remove off-chain fund transfers with WazirX, three days after the Directorate of Enforcement (ED) raised concerns about such transactions.

The ED said it had recently conducted searches on one of the directors of Zanmai Labs and issued a freezing order on its bank accounts, which contain Rs 64.67 crore.

Nischal Shetty, the co-founder of WazirX, rebuffed a number of claims made by Binance CEO Changpeng Zhao over Twitter.

Expert’s take

“There has been a 10 per cent increase on a year to date basis in the number of bitcoin wallets holding more than one bitcoin, reaching an all-time high of 892,100 wallet addresses,” said Edul Patel, CEO and co-founder, Mudrex.

Investors have bought the dip in Bitcoin which dropped about 60 per cent from its peak, he added. 90 per cent of Bitcoin’s are already in circulation and remaining will be out by the year 2140 but a number of Bitcoins have been lost due to loss of Keys.

Global updates

Zipmex will release Ethereum and Bitcoin tokens this week, according to a spokeswoman, allowing 60% of its customers to collect their digital assets after a withdrawal suspension from its Z Wallet product.

The Treasury Department has banned all Americans from using decentralized crypto-mixing service Tornado Cash. Tornado Cash has been a key tool for the Lazarus Group, a North Korean hacking group tied to the $625 million March hack of Axie Infinity’s Ronin Network.

Ether’s (ETH) futures market showed “backwardation”, with three-month contracts trading at the widest discount to the spot price since the coronavirus-induced crash of March 2020.

JPMorgan analyst Ken Worthington said anticipation of the Ethereum Merge was a sizable force behind the big July move higher in ether (ETH) specifically, and crypto in general.

Crypto Cart: Quick

(Source:, data as of 9.30 hours, IST on August 09, 2022)

Bitcoin $23,834. 2.28%

Ethereum $1,777.38 3.81%

Tether $1 0.01%

USD Coin $1 0.01%

BNB $324.14 -0.84%

XRP $0.3772 1.03%

Cardano $0.5328 0.01%

Solana $42.40 1.12%

Polkadot $9.20 4.61%

Dogecoin $0.07061 0.93%

Avalanche $28.03 -0.55%

Polygon $0.9275 0.89%

Shiba Inu $0.000001235 -0.43%

Uniswap $8.82 0.54%

Tron $0.07028 0.69%

Note: Price change in last 24 hours

Tech View by Giottus Crypto Platform

Similar to Ethereum-based Uniswap (UNI), PancakeSwap (CAKE) is a popular decentralized exchange for facilitating BEP-20 token swaps, buying and selling on the Binance Smart Chain. It is ranked 71 in the top cryptocurrency lists and is trading at $4.44, by 19% during the last seven days.

While UNI has been moving in a stiff consolidation phase since late June, CAKE broke above a consolidation channel and has shot up by 42% in value ever since. However, the Defi token seems to be forming a rising wedge pattern, indicating a bearish momentum building up in the coming days.


Also, the CAKE token has touched the overbought zone, with its RSI over 73, due to profit booking without significant buying during July. While CAKE has been successful in keeping above the 100-day SMA, it still needs to move above its 200-day SMA of $5.8.

A move above the psychological resistance of $5 may help CAKE gather momentum and restore market confidence. In case of a pullback, $4.2 may act as immediate support.

Major levels

Resistance: $4.68, $5

Support: $4.2, $3.9, $3.5

(Views and recommendations given in this section are the analysts’ own and do not represent those of Please consult your financial adviser before taking any position in the asset/s mentioned.)

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US Slaps Sanctions on Cryptocurrency Service Used by N. Korea for Money Laundering l KBS WORLD

US Slaps Sanctions on Cryptocurrency Service Used by N. Korea for Money Laundering

Photo : YONHAP News

The United States has slapped sanctions on a popular cryptocurrency service for helping North Korea launder virtual currency stolen in cryptocurrency hacks.

The U.S. Department of the Treasury announced the sanctions on Monday, saying that virtual currency mixer Tornado Cash was used to launder more than seven billion U.S. dollars in virtual currency since its launch in 2019.

The department said that Tornado Cash provided the means to illicitly transfer over 455 million dollars stolen by North Korea’s state-sponsored hacking group, known as the Lazarus Group.

The department said that the platform was also used to launder 96 million dollars in the June hack of the blockchain tech firm Harmony and at least seven-point-eight million dollars from last week’s hack of U.S. crypto startup Nomad.

Monday’s sanctions will freeze the firm’s assets in the U.S. and prohibit Americans from using the virtual currency mixer.

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Cryptoverse: Blockchain bridges fall into troubled waters

Representations of cryptocurrency Bitcoin, Ethereum and Dash plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration

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Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned.

When thieves stole an estimated $190 million from U.S. crypto firm Nomad last week, it was the seventh hack of 2022 to target an increasingly important cog in the crypto machine: Blockchain “bridges” – strings of code that help move crypto coins between different applications. read more

So far this year, hackers have stolen crypto worth some $1.2 billion from bridges, data from London-based blockchain analysis firm Elliptic shows, already more than double last year’s total.

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“This is a war where the cybersecurity firm or the project can’t be a winner,” said Ronghui Hu, a professor of computer science at Columbia University in New York and co-founder of cybersecurity firm CertiK.

“We have to protect so many projects. For them (hackers) when they look at one project and there’s no bugs, they can simply move on to the next one, until they find a one weak point.”

At present, most digital tokens run on their own unique blockchain, essentially a public digital ledger that records crypto transactions. That risks projects using these coins becoming siloed, reducing their prospects for wide use.

Blockchain bridges aim to tear down these walls. Backers say they will play a fundamental role in “Web3” – the much-hyped vision of a digital future where crypto’s enmeshed in online life and commerce.

Yet bridges can be the weakest link.

The Nomad hack was the eighth-biggest crypto theft on record. Other thefts from bridges this year include a $615 million heist at Ronin, used in a popular online game, and a $320 million theft at Wormhole, used in so-called decentralised finance applications. read more

“Blockchain bridges are the most fertile ground for new vulnerabilities,” said Steve Bassi, co-founder and CEO of malware detector PolySwarm.

Reuters Graphics


Nomad and others companies that make blockchain bridge software have attracted backing.

Just five days before it was hacked, San Francisco-based Nomad said it had raised $22.4 million from investors including major exchange Coinbase Global (COIN.O). Nomad CEO and co-founder Pranay Mohan called its security model the “gold standard.”

Nomad did not respond to requests for comment.

It has said it is working with law enforcement agencies and a blockchain analysis firm to track the stolen funds. Late last week, it announced a bounty of up to 10% for the return of funds hacked from the bridge. It said on Saturday it had recovered over $32 million of the hacked funds so far.

“The most important thing in crypto is community, and our number one goal is restoring bridged user funds,” Mohan said. “We will treat any party who returns 90% or more of exploited funds as a white hats. We will not prosecute white hats,” he said, referring to so-called ethical hackers.

Several cyber security and blockchain experts told Reuters that the complexity of bridges meant they could represent an Achilles’ heel for projects and applications that used them.

“A reason why hackers have targeted these cross-chain bridges of late is because of the immense technical sophistication involved in creating these kinds of services,” said Ganesh Swami, CEO of blockchain data firm Covalent in Vancouver, which had some crypto stored on Nomad’s bridge when it was hacked.

For instance, some bridges create versions of crypto coins that make them compatible with different blockchains, holding the original coins in reserve. Others rely on smart contracts, complex covenants that execute deals automatically.

The code involved in all of these can contain bugs or other flaws, potentially leaving the door ajar for hackers.


So how best to address the problem?

Some experts say audits of smart contracts could help to guard against cyber thefts, as well as “bug bounty” programmes that incentivise open-sourced reviews of smart contract code.

Others call for less concentration of control of the bridges by individual companies, something they say could bolster resiliency and transparency of code.

“Cross-chain bridges are an attractive target for hackers because they often leverage a centralized infrastructure, most of which lock up assets,” said Victor Young, founder and chief architect at U.S. blockchain firm Analog.

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Reporting by Tom Wilson in London and Medha Singh in Bengaluru; Editing by Pravin Char

Our Standards: The Thomson Reuters Trust Principles.

Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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Hong Kong Police Publish Details of USDT Fraud Case in Effort to Raise Public Awareness of Crypto Scams ? ethereum today news bitcoin and crypto altcoins blockchain

Police in Hong Kong have begun publishing details of crypto fraud cases – in the hope that the public will take valuable lessons from cases that have seen people lose thousands of dollars to crypto villains. Per Takungpao, the move is part of the Eastern District police force’s “Operation Shield” program – a drive aimed at “raising awareness of fraud and fraud prevention.” Officers stated that fraud cases are on the rise in Hong Kong, with crypto scams a particularly fast-growing trend. The police stated that, on average, fraudsters claim a cumulative USD 2.5m per day from Hong Kong-based victims….

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Bitcoin Reclaims $24,000; AVAX And XLM Soar After Robinhood Listing| Investor’s Business Daily

Cryptocurrencies saw a broad uptrend on lighter volume over the past 24 hours.


Bitcoin crossed the $24,000 level for the first time in August before U.S. markets opened Monday. The current level shows a 15% increase since its recent lows of $20,953 on July 26.

Trading was somewhat lighter at 26 billion compared to 30 billion the last time the coin hit the $24,000 mark in July, according to Coinmarketcap. The lower volume indicates a possible return to lower levels in the near term.

Ethereum and other altcoins are also trading higher over the last 24 hours, indicating that the reversal from July’s lows may be sustained if coins find key support levels and if volume gains some strength.

The price decline of Bitcoin this year has affected several crypto companies. Marathon Digital (MARA) announced a second-quarter loss of $191.6 million today. The company is in the business of mining Bitcoins and is sensitive to price volatility of the king crypto. Hive Technologies (HIVE), which posted a robust first quarter, will declare its current-quarter results the week of Oct. 3.

Altcoins Rise Steeply

Other prominent cryptocurrencies are also gaining. Ethereum also posted higher numbers and was trading at $1,785 — a 4% gain. Volume, which was lighter last week, was slightly higher: After reaching 19 billion on Aug. 5, it dipped to 10 billion. Today’s volume was 14 billion. The stable coins USDT and USDC were flat.

Binance coin rose 1.3% in 24 hours to $330.12. Binance has been gaining after its successful launching of Binance Staking some weeks ago. The exchange expanded its locked staking to Dogecoin, metaverse coin Decentraland and Litecoin.

Avalanche is up a 24% on higher volume after Robinhood announced that it has listed AVAX, an Avalanche coin, and another coin (Stellar XLM) on its platform. The coin reached an intraday peak of $30 on volume of 1 billion and has pared gains a bit. It is now trading at $28.60 on a volume of 966 million.

XLM is also higher and is trading at 13 cents on strong volume.

Other Cryptocurrencies On Watch

Elsewhere, Ethereum rival Solano rose 4% to trade at $42.50. Solano’s proof-of-history consensus mechanism reduces block time, beating Ethereum’s 13-second and Cardano’s 20-second records.

Another Ethereum competitor, Cardano, which runs smart contracts on the Ouroboros blockchain, has risen 2.4% and is changing hands at 54 cents. Cardano’s ADA is a staking token that also secures the network and enables transactions. Cardano’s proof-of-stake consensus seeks to improve Ethereum on several counts, including fees, transactions speeds and interoperability.

Both Cardano and Solana are on close watch as Ethereum moves to Ethereum 2.0 — its transition from proof-of-work to proof-of-stake, due September.

Polkadot is trading at $9.33 — a 5.8% increase in the past 24 hours. Polkadot helps secure transactions and the network that aims to allow interchain data and asset transfers through parachains. Like Cardano, it uses a proof-of-stake mechanism.

MANA, the native token of Decentraland, has also risen 1.7% to $1.10.

As several cryptocurrencies continue their reversal upward on lighter volume, retesting support levels remains a possibility. The larger market is in a confirmed uptrend; however continuing inflationary headwinds and the Fed Chairman Jerome Powell’s September meeting will determine price action in the crypto verse in the near term.


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