Crypto prices today: Bitcoin, Solana, Shiba Inu crashes
Bitcoin is currently trading lower by 7.85% at $42,969. Ethereum has crashed nearly 11% to $3,404. Meanwhile, Solana and Cardano have fallen by 12.28% and 9.9%, respectively, over yesterday. The global crypto market cap stands at $2.04 trillion, an 8.58% decline over the previous day. The crash can be attributed to the US Federal Reserve’s validation of a hike in interest rates by mid-March.
Solana, Terra and Polkadot are growing faster than Ethereum: Report
According to a report from early-stage crypto investment firm Electric Capital, several protocol ecosystems are outpacing the largest developer ecosystem Ethereum. “Polkadot, Solana, NEAR, [Binance Smart Chain], Avalanche, and Terra have faster initial ecosystem growth than Ethereum,” the report stated. Polkadot and Solana have more active development than Ethereum did at similar points in its history.
Quentin Tarantino’s ‘Pulp Fiction’ NFTs will be auctioned despite lawsuit
Film director Quentin Tarantino made news in November when he announced the planned launch of non-fungible tokens (NFTs) based on his acclaimed 1994 film “Pulp Fiction.” However, film studio Miramax filed a lawsuit against Tarantino, claiming that he did not hold the right to sell such digital items. Tarantino intends to sell the NFTs anyway, despite the legal challenge.
Mozilla co-founder blasts crypto donors as ‘Planet-Incinerating Ponzi Grifters’
Mozilla Foundation announced on Twitter that the non-profit now accept Dogecoin donations via Bitpay. The news received backlash from the open-source community, especially from Mozilla co-founder Jamie Zawinski. “Everyone involved in the project should be witheringly ashamed of this decision to partner with planet-incinerating Ponzi grifters,” he said.
Bitcoin market dominance hits lowest level since 2018
Bitcoin’s market dominance continues to sink as investors look to other cryptos. According to CoinGecko data, Bitcoin’s dominance currently stands at 37.28%— the lowest since 2018. Market dominance refers to a cryptocurrency’s share of the total crypto market cap.