Cardano gained 0.23% to Rs 93.29 and Avalanche was up 1.2% to Rs 6,976.7. Polkadot gained 0.06% to Rs 1,710.1 and Litecoin gained 3.77% to Rs 10,831.05 over the past 24 hours. Tether fell 0.08% to Rs 78.62.
FEBRUARY 10, 2022 / 08:56 AM IST
The global cryptocurrency market capitalization rose by 1.15% to $2.02 trillion in the past 24 hours, while trading volume declined by 24.77% to $77.78 billion.
While decentralized finance (DeFi) accounted for 11.75% of the 24-hour cryptocurrencytrading volume at $9.14 billion, stable coins accounted for 77.81% at $60.52 billion. Bitcoin’s market dominance fell 0.38% to 41.37% on the morning of February 10 and the currency was trading at $44,195.16.
In rupee terms, Bitcoinwas trading 0.26% higher at Rs 34, 74,138, while Ethereum was trading up 3.32% at Rs 2, 53,746.
Cardano rose 0.23% to Rs 93.29 and Avalanche gained 1.2% to Rs 6,976.7. Polkadot gained 0.06% to Rs 1,710.1 and Litecoin 3.77% to Rs 10,831.05 in the last 24 hours. Tether fell 0.08% to Rs 78.62.
Memecoin SHIB rose 3.02%, while Dogecoin was trading up 1.19% at Rs 12.55. Terra (LUNA) fell 2.52% to Rs 4,406.34
Commodities and Futures Trading Commission (CFTC) Chairman Rostin Behnam is pushing for his agency to take a leadership role in regulating digital assets. He argues that his agency is well-established in providing market protection for consumers and mitigating risk in the space.
Behnam argued for expanding the CFTC’s authority in a letter to the House and Senate agriculture committees on Tuesday. He claimed that his agency already follows the fundamentals that help it adequately monitor a wide range of markets, and the crypto market is no exception.
Digital Market Assets Policies
The market for digital assets, which is currently most directly overseen by state money transfer licenses, is unique and presents many new challenges for the CFTC, given our limited authority to police these volatile markets. ,” Behnam said.
FTX CEO Sam Bankman-Fried concurred with Behnam, saying he would love to help provide the CFTC with more regulatory clarity, adding, “I would like to see the CFTC take a more active role.”
According to the company’s recent trademark applications, fast-food giant McDonald’s is apparently planning to become part of the metaverse.
The world’s No1 largest restaurant chain has also filed ten applications to provide offers of virtual goods and beverages in the easiest form of downloadable media files that will contain non-fungible tokens (NFTs). The Chicago-based company is preparing to operate a virtual restaurant featuring real and virtual products.
Prices of different cryptocurrencies in the Indian market
As of 7:20 am, these were the prices of various cryptocurrencies in the Indian market (data from WazirX.com)
|
CRYPTOCURRENCY |
PRICE (IN RS) |
24-HOUR CHANGE (IN PERCENT) |
|
Bitcoin |
34,74,138 |
+0.26 |
|
Ethereum |
2, 53,746 |
+3.32 |
|
Cardano |
93.29 |
+0.23 |
|
Tether |
78.62 |
-0.08 |
|
Solana |
8,920.75 |
-0.53 |
|
Avalanche |
6,976.7 |
+1.2 |
|
Litecoin |
10,831.05 |
+3.77 |
|
XRP |
68.38 |
-3.35 |
|
Axie |
5,204.2 |
+0.92 |
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