This was a week of total bankruptcy, as the two largest stockholders through market capitalization also suffered from a decrease in prices.
- According to koenjiku, bibitcoin'seading markets have decreased by just 6% in the past seven days and are currently selling for $23,136.
- Ethereum recorded a 7% smaller loss during the same season, falling to $1,604 at the beginning of the weekend.
- Similar stories have been confirmed behind market leaders in many areas.
Polygon (Matic) recorded one of the biggest discounts, dropping 16.7% this week and selling 1.27 at the time of writing. Matic's decline began on Tuesday when news emerged that Polygon Labs had fired 100 employees (20% of its employees) after rehabilitation.
The next day, Polygon users became the victim of a false rumor that the blockchain was invalid for two hours.
The Polygon later reported that some nodes in the temporarily incompatible network existed, leading to the closure of an independent search engine called polygonscapolygonse polygons can be not updated with a new Polygon barrier or interchange for hours, and people mistakenly believed that the polygon was discontinued.
Litecoin (lts), Polkadlots(dot), and Cardano, (ADA) also experienced significant losses over the boomeranging from 8% to 9%.
Solana (Sol) spent most of November of the previous year and all of December in the fall for free due to its relationship with the collapsed FTX Exchange leaders. Since the new year, it has managed to avoid bankruptcy, as this week's price is only 1%. At the time of its release, it sold for 2 22.4 million.
The main reason why Sol managed to keep the castle this week was the news of the upcoming transition from the helium network to Solana and the increasing sales of solana NFT.
SimiSolana the uni swap (uni) brand dropped the bears, dropping just 1.4% over the course reverently selling at cur 6.61.
The flexibility of the trademark may be because Y, users of the non-exchange uni swap trademark can swap exchanges with uni and other Ethereum-based trademarks.
It is found in Hong Kong, Canada, and the United States.
After the collapse of several well-known crypto companies last year, including Terra, Celsius, three arrows capital and FTX, coordination, of cryptocurrencies has become a frequent topic of discussion for developers around the world.
- Developers in Hong Kong, Canada and the United States h, have played a major role in this week's high-profile crypto chat.
- On Monday, the Hong Kong Monetary and Futures Commission issued a consultation document offering "to allow all types of investors, including retail investors, access to commercial services provided by licensed developers in the virtual property trading sector."
- The proposal recommends the implementation of measures before retail investors can sell cryptocurrencies, including knowledge and risk assessment, as well as the highest possible risks to traders. The commission also recommends that only "large virtual assets" should be acceptable for controlled transactions.
Hong Kong Finance Minister Paul Chan on Wednesday called Web 3 a "golden opportunity" for the Special Management Area and promised to "create and lead a working group on virtual property development, which includes representatives of related policy boards, financial regulators and market stakeholders, develop proposals for sustainable and responsible development.”
On the same day in the United States, Tom Emmer (a Republican from Minnesota) introduced a bill that proposed to ban the Federal Reserve System from issuing the central bank's digital currency directly to individuals, a move that he said would undermine Americans ' right to financial privacy.
The anti-state Surveillance Act of the cbd also requires the U.S. central bank to inform Congress about its experiments with digital currencies.
The next day, the Federal Reserve issued a new statement reminding banks of the risks of rising crypto currency. State agencies, the inccryptocurrencyral Deposit Insurance Corporation (FDIC,) and the Office of monetary inspector (OCC) joined the Fed on this warning.
On that day, across the border in Canada, Canadian Security officials, including security regulators from 10 provinces and 3 provinces of Canada, issued a list of new regulations for crypto companies who wanted to remain compliant.
Cryptocurrency traders in Canada are now prohibited from allowing consumers to buy or install the "reference value crypto assets" (frkas), known as stable coins, without tFarkasior written stablecoins CSA, which in this case means that the donor must ensure that stable coin is supported.