Low-level purchasing is driving token prices upward

Major currencies saw low-level purchasing after China's announcement that all cryptocurrency transactions are banned, with some seeing gains of up to 11 percent.

Ethereum was the biggest gainer among the top ten currencies, gaining about 10% in value. Solana, XRP, and Bitcoin all saw gains ranging from 4 to 7 percent. There were others who were in the green as well. A 32 percent increase in Uniswap's stock price made it one of the greatest significant gainers outside of the top 10.

Because of the waning of the FUD (fear, uncertainty, and doubt) surrounding China's bitcoin ban, there is a growing feeling of stability throughout the cryptocurrency spectrum. The majority of the major cryptocurrencies have followed Bitcoin's example and have exceeded the $44,000 threshold.The CEO and Co-Founder of Mudrex, Edul Patel, believes that "the next 24 hours may herald the beginning of a period of stability throughout the cryptocurrency spectrum."

After the Chinese central bank declared all cryptocurrencies illegal on Friday, a large number of Indian investors raced to sell out their holdings in lesser-known cryptocurrencies earlier this week, as the asset class fell on Friday and Saturday. Others sought refuge in more stable names such as Bitcoin and Ethereum, which have since recovered.

Meanwhile, as both new and existing companies race to find methods to benefit from the massive wealth contained in Bitcoin being brought into the normal financial system, the concerns of US Federal authorities have only grown.

The Treasury Department and other authorities are now concentrating their efforts on a main target for tighter regulation: fast-growing stablecoins like as USD Coin and Tether, which have seen rapid growth in recent months. Stablecoins serve as a medium of exchange between the cryptocurrency markets and the rest of the financial system.

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White Hat hacker was offered a $500,000 reward from Poly Network

Following a breach that resulted in the loss of $610 million by cryptocurrency exchange Poly Network earlier this week, the company announced a $500,000 "bug reward" to whoever was responsible. With an emphasis on enabling users to move or exchange tokens across various blockchains, Poly Network is a decentralized finance (Defi) platform that enables peer-to-peer transactions intending to facilitate peer-to-peer transactions. He had "helped us improve Poly Network's security," the company said. A "white hat" hacker tries to disclose cyber vulnerabilities. "Mr. White Hat" was also to get a $500,000 reward as part of the digital money repatriation talks. It said that the hacker had replied to the offer, but did not specify whether or not the offer had been accepted. However, it has been reported that the hacker has returned $340 million in money and has transferred the bulk of what is left to a digital wallet owned by them and Poly Network, acc

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