Crypto giant Coinbase makes India push with UPI payments
Coinbase is adding support for the popular UPI payment instrument in India. This move will make the crypto exchange functional in the world’s second-largest internet market for the first time. Coinbase made the official launch at its maiden event in India on Thursday, saying that it is working to broaden its product offerings in the country. Users in India will be able to add and withdraw money from their accounts by using the UPI network.
Crypto prices today: Bitcoin, ETH down 4.3%
Bitcoin is currently trading at $43,504, a 4.36% decline over the previous day. Ethereum is down 4.3% over the last 24 hours to $3,222.6. Solana crashed 9.4% to $115.7, while Cardano is trading lower by 6.4% at $1.08. Terra (LUNA) fell 7.2% to $109.11. The global crypto market cap stands at $2 trillion, a 4.6% decline over the previous day.
The crypto market fell after Federal Reserve governor Lael Brainard reiterated the central bank’s commitment to quickly tightening monetary policy.
Meta to create tokens for Facebook’s Metaverse: Report
As per a Financial Times report, Meta (parent company of Facebook) is reportedly still interested in creating tokens for use within the metaverse. The company is exploring a centralised in-app token similar to ROBUX for the game Roblox. Some Meta staffers are reportedly referring to the tokens as “Zuck Bucks.”
Solana NFTs can now be traded on OpenSea
Non-fungible tokens (NFTs) minted on the Solana blockchain network can now be traded on OpenSea, the largest NFT marketplace in terms of volume. OpenSea is primarily based around Ethereum and currently dominates the NFT trading space by a large margin. Solana saw $173 million in NFT trade volume during March, according to data tracker CryptoSlam.
Binance.US valued at $4.5 billion after inaugural funding
Binance.US, the American subsidiary of Binance, has closed its first funding round for a pre-money valuation of $4.5 billion. Led by RRE Ventures, Foundation Capital, VanEck, and others, the $200 million seed round makes the firm the latest of several that have reached unicorn status. Binance.US said it offers the most competitively low trading fees (0.1%) of crypto exchanges available to U.S. investors.