KoinX, a platform for cryptocurrencies, has announced that it has secured $ 1.5 million from a number of venture capitalists and influential people in the IT industry.
By the second quarter of this fiscal year, the firm, backed by cryptocurrency pioneers and investors such as Polygon’s Sandeep Nahliwal, Ajeet Khurana (formerly of Zebpay), Navin Gupta of Ripple and Utsav Somani of Angel List, aims to have up to 500,000 customers .
In other news, unique non-fungible tokens (NFT) have been launched that include 10 characters from the famous cartoon series Shaabiat Al cartoon. The 2006 series highlights emirates living in Dubai and discusses social and cultural concerns with humor. The digital tokens will be distributed as part of the Crypto Arabs Project, which will provide information on the emergence of cryptocurrency and Web 3.0.
The Crypto Arabs Community was founded by Sheikh Humaid Bin Khalid Al Qasimi and Princess Nejla bint Asem from Jordan.
“It is an honor to be part of a project that is so important for education. The information they want to provide to the community is invaluable, “said Sheikh Humaid, adding that it is important for people in the region to be educated and participate in the finances of the future.
Crypto Arabs has a solid network of Web 3 industry leaders.
Crypto prices
The price of Bitcoin in the crypto market increased in the last 24 hours.
The price of Bitcoin in the cryptocurrency market rose by 0.85 percent in the last 24 hours, and it was traded at 19,732.35 dollars at 19:30 IST. According to Coinmarketcap.com, the dominance in the crypto market is currently 42.17 percent, down 0.19 percent in the last 24 hours.
Ethereum (ETH) was trading at $ 1,126.84, up 4.32 percent, while Binance Coin (BNB) was up 2.82 percent in the last 24 hours, trading at $ 228.25. Solana (SOL) was up 1.50 percent to $ 32.28, while Cardano (ADA) was down 0.57 percent to $ 0.4563.
Meme coins
Dogecoin was trading at $ 0.06683 at 19:30 IST, down 0.30 percent on Coinmarketcap.com. The competitor, Shiba Inu, was up 0.25 percent and was trading at $ 0.00001021. Samoyedcoin was up 11.85 percent, trading at $ 0.008324, while Dogelon Mars was down 2.26 percent, trading at $ 0.000000307.
Overall scenario
According to Coinmarketcap.com, the global market value of crypto was $ 891.59 billion, an increase of 1.07 percent over the last 24 hours, while the total crypto market volume was $ 61.37 billion, an increase of 48.58 percent.
