Author: Crypto Insider

WazirX, India’s largest cryptocurrency exchange, which is headquartered in Mumbai, recorded its highest daily trading volume of $562 million between Wednesday and Thursday. Meme-coin Shiba Inu’s volume alone was about $338 million of the total, the company said. Frantic trading in meme-coins has even disrupted the crypto exchange. WazirX chief executive Nischal Shetty said its…

As Dubai emerges from the pandemic and is poised to be the global meeting place for blockchain and future tech, the 19th global edition of the World Blockchain Summit hosted over 1500 crypto influencers, investors and government delegates. Some of the prominent names such as H.E. Tomasz Zaleski, Navin Gupta, Sandeep Nailwal and Samson Mow…

At a webinar held in Bahrain on Wednesday, experts have discussed how new digital payment means are facilitating transactions, and how cryptocurrencies can help to develop Islamic finance, The Gulf Daily News reported. A collaboration of Bahrain-based General Council for Islamic Banks and Financial Institutions (Cibafi) and the Islamic Corporation for the Development of the…

In August 2020, an investor bought about $8,000 worth of Shiba Inu, a crypto wallet shows. Today, just over a year later, his coins worth is $ 5.7 billion, up more than 70,000,000%. However, it’s feared that the wallet is now inactive. A wallet containing 70,200,003,182,169 (70 trillion) Shiba has netted the collector a truly…

Ether (ETH), the cryptocurrency minted on the Ethereum blockchain, is the second biggest cryptocurrency in market cap, behind Bitcoin. It reached an all-time high on Thursday night, touching $4,400 for the first time. Meanwhile, the current meme-coin craze is also contributing to ETH’s value proposition, with Shiba Inu (SHIB) now consuming more gas than even…

In Indonesia, a provincial branch of one the largest Islamic organizations has declared cryptocurrency “haram,” i.e., forbidden under religious law. The decision came as a result of heated discussions with an invited crypto expert. However, the Indonesian government indicated that the country is not planning to follow in China’s footsteps imposing a wide ban on…