Mexico Senator proposes Bitcoin legal tender bill
Indira Kempis, a senator from Nuevo Leon in Mexico, wants to make her country the second in the world to adopt Bitcoin as legal tender. She is working on a proposal for a crypto-friendly legal framework. The legislator praised Bitcoin’s attributes as an inclusive currency that benefits the unbanked.
Crypto prices today: Bitcoin falls 9%, ETH down 13%
Bitcoin is currently trading at $34,752, an 8.85% decline over the previous day. Ethereum fell sharply by 12.9% over the last 24 hours to $2,323.5. Solana fell 9.2% to $79.35, while Cardano tanked 16.5% to $0.76. Polygon (MATIC) crashed 15% to $1.27. The global crypto market cap stands at $1.56 trillion, a 9.89% decline over the previous day. This slump in the crypto market was in sync with a global market retreat triggered by Russia’s move to launch military action on Ukraine.
Ethereum founder Vitalik Buterin calls Russia invasion a ‘crime’
Ethereum co-founder Vitalik Buterin said Russia’s invasion of Ukraine is a crime against the Ukrainian and Russian people. He wrote: “Very upset by Putin’s decision to abandon the possibility of a peaceful solution to the dispute with Ukraine and go to war instead.” Earlier this month, Buterin appealed to Putin to de-escalate a conflict of Russia’s own making.
Solana, Pantera Capital, NBA owners invest in NFT fantasy basketball game
Fast Break Labs, a Web3 startup, announced a $6 million seed round led by early-stage venture firms Pantera Capital and Patron. The company will use the money to develop its fantasy league, the Virtual Basketball Association. The game let players trade NFT collectibles of digitally created players. Solana Ventures and owners of NBA teams joined the seed round.
RBI’s views might have delayed crypto bill: Deputy Governor Patra
RBI Deputy Governer Michael Patra said the central bank’s views on crypto might have delayed the government’s proposed legislation on crypto assets. He said India will proceed very gradually on the subject. There are concerns on privacy, crypto’s impact on monetary policy formulation and energy intensity. The RBI is in favour of a complete ban on the speculative assets.