Cryptocurrency prices today on November 19: Market in red as Bitcoin, Ethereum fall
Most crypto prices took a hit on November 18, with Bitcoin falling by 6.68 percent to trade at $56,788.86. Ethereum also fell by 6.60 percent and is currently trading at $4,041. Solana also declined by a sharp 11 percent and is presently priced at almost $195.
IRS sees crypto seizures totalling billions of dollars in 2022
The Internal Revenue Service (IRS), in a recent report, highlighted that it could potentially get hold of cryptocurrency valued at billions of dollars that are associated with tax frauds and other crimes. Notably, the IRS seized 3.5 billion dollars worth of cryptocurrencies during 2021, which accounted for a whopping 93 percent of all the assets seized by tax enforcement in 2021.
Bitcoin exchange Gemini raises $400 million in a growth equity round
Winklevoss brothers-led cryptocurrency platform and exchange Gemini, for the first time, announced a 400 million dollar funding series, for growth purposes. This round, led by Morgan Creek Digital, Jay-Z’s Marcy Venture Partners, and more, skyrocketed the market worth of Gemini to almost 7.1 billion dollars.
Floki Inu advertisements under investigation in UK
The UK’s apex advertising authority is investigating Floki Inu ads which have been spotted on various London transportations. The ad reads Missed DOGE? Get Flokiwhich is potentially enticing investors to participate, in case they missed out on the stupendous DOGE coin rally earlier this year. Recently, Kerala Blasters FC also announced Floki Inu as its official cryptocurrency partner.
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Why was cryptocurrency invented and how does it work?
Read all about the history, inception, rationale, and fundamentals behind cryptocurrency and blockchain. If you are looking for the perfect primer to understand cryptos, you can read all about it .