Union Bank of Philippines to Launch Crypto Trading Service

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Union Bank of the Philippines has planned to offer trading and custody services for cryptocurrencies to capitalize on the rapid adoption of digital tokens in Asian countries, Bloomberg reported.

In the meantime, the price of Bitcoin declined by 9.70% and was trading at $35,104.98 as of 5:30 PM IST, while its dominance in the crypto market is currently at 41.67%, up 1.39% in the last 24 hours. .

Ethereum (ETH) was trading at $2,428.89, down 14.55% over the past 24 hours, while Binance Coin (BNB) was down 15.15% over the same time frame and trading at $362.27. Solana (SOL) was down 18.91% at $98.87 and Cardano (ADA) was down 15.21% at $1.03.

Meme Coins

All major coins such as Dogecoin (DOGE), Shiba Inu (SHIB), Dogelon Mars (ELON) and Samoyedcoin (SAMO) have plunged in the last 24 hours.

Dogecoin was down 16.21% as it traded at $0.1286 as of 5:30 p.m. Its rival Shiba Inu was down 25.55% and traded at $0.00001907, Dogelon Mars fell 25.68% and traded at $0.0000007895, while Samoyedcoin traded at 0, $01545 and recorded a fall of 11.15%.

Overall scenario

The global crypto market capitalization was $1.61 trillion, registering a 12.06% decline in the last 24 hours, while the total crypto market volume was $150.52 billion, up 42.67%.

Mars Floki Inu (FLOKI) became the biggest gainer, rising 1401.72%; it was trading at $0.000000004216 as of 5:30 p.m. On the other hand, Bitcoin ($BITC) experienced a maximum loss, dropping 100.00%; it was trading at $0.0000000002819.

Last update

Adidas Originals and Prada are bringing a one-of-a-kind non-fungible token (NFT) collaboration that will feature user-generated art, NDTV reported.

Additionally, Assen Vassilev, Bulgarian Deputy Prime Minister for EU Funds and Minister of Finance, said the EU member country was exploring options to deploy a crypto payment mechanism, according to Cointelegraph.com.

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