Ukrainians buy record sums of crypto on Binance after Russian invasion
Ukrainian citizens are buying record sums of Bitcoin to protect their holdings as they hold off an attack from Russia. An Arcane Research report showed Ukrainians were using crypto exchange Binance to buy stablecoin Tether and Bitcoin with the hryvnia. (One Ukrainian hryvnia currently is worth about $.033). Data shows that 24-hour Tether-hryvnia trading volume shot up from $6 million right before the invasion to ~$8.5 million.
Crypto prices today: Bitcoin rises 1.8%, ETH up 2.6%
Bitcoin is currently trading at $44,200, a 1.75% increase over the previous day. Ethereum rose 2.6% over the last 24 hours to $2,996.87. Solana jumped 8% to $104.1, while Cardano is down 0.1% to $0.96. Polygon (MATIC) is up 2.9% to $1.64. The global crypto market cap stands at $1.94 trillion, an 1.6% increase over the previous day.
US can regulate crypto without new law, says think tank
According to the Center for American Progress (CAP), US regulators can use existing laws to bring digital assets such as cryptocurrencies under their supervision without new congressional legislation. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) could use the CAP report to inform their decisions on how to govern crypto.
18% of super-rich Indians invested in cryptos, NFTs in 2021: Report
According to Knight Frank’s Wealth Report, ~18% of Indian ultra high-net worth individuals (UHNWIs) invested in crypto assets in 2021 amidst rising popularity of crypto and non-fungible tokens (NFTs). UHNWIs are those who have a net worth of $30 million (about Rs 226 crore) or more. The global value of crypto assets was $2.4 trillion at the end of 2021, a 12-fold increase since early 2020.
Crypto exchange Bitbns to roll out IC15 index products
CryptoWire and Bitbns exchange have entered into an agreement for listing IC15, India’s first global crypto index. Trading of IC15 on Bitbns exchange will begin from April 1, 2022. CryptoWire claims to be a global crypto super app, while Bitbns is a homegrown crypto exchange.