Today's cryptocurrency prices on August 6: Cardano is the largest loser, with Bitcoin down

On August 6, cryptocurrency trading started out in the red. The market capitalization of all cryptocurrencies is $1.10 trillion, up 1.78 percent from yesterday. Cryptocurrency market volume during the last 24 hours was $69.41 billion, a rise of 11.22 percent.

DeFi has a total volume of $6.54 billion right now, which is 9.43% of the 24-hour volume of the entire crypto market. All stable coin volume is currently $63.07 billion, or 90.86 percent of the 24-hour volume of the whole crypto market.

At the moment, Bitcoin costs Rs 18.56 lakh and has a 40.36 percent market share. According to information from CoinMarketCap, this represented a daily decline of 0.35 percent.

In the news, we briefly describe what happened in the Solana wallet breaches, unravel how the attack took place, and suggest precautions that investors can take to protect their cryptocurrency holdings.

In addition, given that crypto lending platforms took the brunt of the market's decline in the first half of 2022, repeatedly failing and delaying withdrawals, leaving hundreds of investors in a precarious situation. When these cryptocurrency companies fail, what happens to the money of investors? Do investors have any recourse?

We also examine a white paper by Satoshi Nakamoto from October 2008 called "Bitcoin: A Peer-to-Peer Electronic Cash System," better known as the Bitcoin Whitepaper, which contains crucial details about how Bitcoin can enable a trustless electronic payment system by relying on cryptographic evidence. The document, which is more than 14 years old, explains how an alternative electronic cash system can enable payments to be made directly from one party to another without using secure third parties like a banking institution.

These are the values of the biggest cryptocurrencies as of 8:20 AM on August 6 (data from WazirX):

NAME                  PRICE (INR)          24H %

Bitcoin                   18,56,199        -2.8%

Ethereum            1,37,101        -0.57%

Tether                      81.80             -2.34%

Cardano                     41.1300     -2.53%

Binance Coin                25,973       -0.1%

XRP                             30.5378     -0.49%

Polkadot                       694              0.87%

Dogecoin                       5.6495        0%