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Today’s top cryptocurrency prices: Ethereum, Binance Coin, and XRP have all risen by up to 5%

Today's top cryptocurrency prices: Ethereum, Binance Coin, and XRP have all risen by up to 5%

After a sharp drop in the digital token market the day before, all significant cryptocurrencies were trading higher on Thursday. Recently, the digital token market has been quite unstable. At 9:30 IST, all top ten digital currencies were trading higher, with several gaining up to 5%.

Anhui Bans Crypto

Anhui, in eastern China, becomes the newest province to declare a sweeping ban on cryptocurrency mining. It claims that the measure will help alleviate a severe power deficit in the coming three years.

Regulators are concerned that the mushrooming ‘stablecoins,’ primarily dollar-pegged crypto tokens, would cause greater instability in broader financial markets than already ultra-volatile cryptocurrencies such as Bitcoin.

ZebPay’s Perspective

Zebpay Trade Desk said:

“In 2021 Q2, barring stablecoins, went to the native token of Chiliz, a blockchain services network for sports and entertainment providers. Therefore, it grew by 403 per cent in terms of market capitalization in the quarter.”

Zebpay added that after partnering with over twenty athletic groups, including FC Barcelona, Juventus, and Atletico de Madrid, the network had experienced tremendous development. Then came Polygon, formerly known as MATIC, an Indian-origin token. On the other hand, Polygon surged by 150 per cent in the same time frame.

ZebPay Launching ZEBB

Back in India, Zebpay, a local crypto exchange, will launch a SIP program that would let investors spend as little as Rs 100. Subsequently, ZebPay has launched ZEBB, new software that will provide customers with accessible SIP alternatives in Bitcoin and Ethereum.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto 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. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.