As per available data, Nucoin (NUC) debuted in the cryptocurrency market in 2024, and in its early days of launch, it was above $0.050, but it lost momentum in May 2024, losing more than 90% of its trading price.
Nubank, the bank behind Nucoin, has recently announced the suspension of Nucoin’s trading because of its failed trading prices and low trading volume. The bank is backed by a centi-millionaire Warren Buffet.
According to CoinMarketCap’s data, Nucoin’s highest traded at $1.52, recorded on July 31, 2022, and its lowest trading price was $0.001197, recorded on May 11, 2022. When writing the recorded market capitalization of Nucoin, it was $14.81 million.
The ongoing market volatility is also a possible reason behind Nucoin’s exit from the broader cryptocurrency market. Following the suspension of NUC trading, the bank announced that users with at least R$100 ($17.6) worth of NUC tokens can convert them to Bitcoin or USDC.
Till December 9, the holders of Nucoin can conveniently convert their holding into stablecoin USDT or Bitcoin, as per an email statement of Nubank.
Recent News Updates
The CID Bangalore has detained a 26-year-old software engineer in Mumbai over the charges of stealing digital assets worth over $6.50 Million. As per the additional information, the man allegedly spent the stolen funds on his luxury items and transferred some of the funds to relatives’ wallet addresses.
Indodax, an Indonesian centralized cryptocurrency exchange, lost roughly $20 million in a hot wallet compromise. The severe losses have directed the exchange to halt trading service with immediate effect to avoid any other losses.
According to Cryptoslam(dot)io, CryptoPunk#4034 became the most expensive NFT traded in the past 24 hours. #4034 was transferred by 0x1919DB36cA2fa2e15F9000fd9CdC2EdCF863E685 to 0x0Dc1C0Cf5bC0791D9cABC9404ba7F0cca4176285.
However, in the past seven days, CryptoPunk#6915 became the NFT sold for the highest price of $14,60,833. Most recently, PayPal and its sister company, Venmo, have integrated ENS (Ethereum Name Service) into their ecosystem to facilitate hassle-free transactions without errors.
In the past 24 hours, the sales of BRC-20 NFTs have surged significantly, reaching $664,778 and a surge of 57.58%. Due to growing money laundering cases in the region, the financial authorities of Singapore have decided to impose a ban on cryptocurrency-based casino services.
The surging scams, frauds, and thefts in the digital asset space have troubled global regulators on the verge. The surge in crypto crimes has raised severe concerns over the security of digital assets.
Crypto Market Price Update
Litecoin (LTC) lost more than 6.50% of its trading, reaching $61.21. It has an intraday trading volume of $274,440,384, making it the market’s 21st most traded digital asset.
Since the last week of August 2024, the cryptocurrency market capitalization fell significantly, reaching $1.99 trillion as of the time of this writing.
On the other hand, Bitcoin, the most prominent crypto in terms of price and trading volume, seems to be struggling below the mark of $60k; at press time, it was trading at $56,334 with an intraday decline of 1.00%.
