Did you miss out on the top crypto news throughout the week? Well don’t worry, we have got the top crypto regulation, NFT, and metaverse stories around the globe this week for you.
Read more to know the top crypto news for the week.
Top Crypto News Weekly WrapUp: What happened in the NFT & Metaverse world this week
HSBC has become the first major financial services company to enter The Sandbox Metaverse, following in the footsteps of US-based banking giant JPMorgan, which just launched a lounge in Decentraland. As more financial institutions join the fold, the concept of Metaverse Banking is gaining traction.
MakeMyTrip has devised a strategy to launch NFTs based on India’s captivating landscapes. The funds raised from this event will be utilized to assist projects that promote sustainable tourism in natural areas.
Yuga Labs, the company behind Bored Ape Yacht Club, has acquired CryptoPunks and Meebits, and plans to provide them with intellectual property and commercialization rights. This will help the holders to develop products based on their NFTs in the same manner as Bored Ape owners have.
Weekly Crypto Price Changes
| Crypto | Price | Percentage Change |
| Bitcoin (BTC) | ₹ 31,97,362.01 | +2.85% |
| Ethereum (ETH) | ₹ 2,23,218.17 | +8.24% |
*All prices are latest by 8:30PM, 18 March 2022.
Top Gainers and Losers Today
Top 5 Crypto Gainers
| Crypto | Price | 7d Percentage Change |
| Aave (AAVE) | ₹ 11,861.05 | 27.35% |
| The Graph (GRT) | ₹ 31.72 | 23.59% |
| THORChain (RUNE) | ₹ 591.24 | 23.38% |
| Basic Attention Token (BAT) | ₹ 64.11 | 22.52% |
| Kyber Network (KNC) | ₹ 247.56 | 19.68% |
*All prices are latest by 8:30PM, 18 March 2022.
Top 5 Crypto Losers
| Crypto | Price | 7d Percentage Change |
| Anchor Protocol (ANC) | ₹ 217.71 | -24.41% |
| Mirror Protocol (MIR) | ₹ 127.62 | -22.58% |
| Stacks (STX) | ₹ 97.4 | -18.81% |
| Terra (LUNA) | ₹ 6,606.04 | -11.87% |
| Icon (ICX) | ₹ 59.08 | -6.62% |
*All prices are latest by 8:30PM, 18 March 2022.
Top Global Crypto News Weekly
- Bank of Israel Publishes Draft Guidelines for Crypto Deposits. Read Now
- Visa to Hire College Students to Develop In-House Crypto Talent. Read Now
Top Metaverse & NFT News of the Week
- Bored Ape Yacht Club Acquires CryptoPunks & Meebits. Read Now
- MakeMyTrip Launches an NFT Series to Celebrate Indian Tourism. Read Now
- JP Morgan and HSBC to Explore Metaverse Banking. Read Now
Total Value Locked in DeFi Jumps
The crypto-economy has increased in value over the last 7 days, with a current market capitalization of $1.82 trillion. In addition, the total value locked (TVL) in decentralized finance (defi) protocols has increased by 1.50% to $204.71 billion. Ethereum has nearly 55.1% percent of the total TVL held in defi, with $112.91 billion.
Top Trending Crypto Hashtag on Twitter this Week
As the Crypto Tax Policy in India is set to take effect from April 1, 2022, the entire Indian crypto community is using the hashtag #ReduceCryptoTax to highlight how the 30% tax rate and lack of deductions would harm the growth of the industry.
Take a look at Sumit Gupta, CEO of CoinDCX, and Crypto Traders Aditya Singh and Puspendra Kumar’s most recent tweets on the same.
By heavily taxing crypto we’re not just demotivating people from investing in this asset class but also demotivating innovators and investors from building and investing in these businesses.
A better taxation plan for #crypto will open up many opportunities.#ReduceCryptoTax
— Sumit Gupta (CoinDCX) (@smtgpt) March 14, 2022
1% as TDS will slowly consume user principal amount and move it to government temporary accounts.
This will reduce user profit and at the end government have to return this TDS.TDS should be removed
#reducecryptotax #ReduceCryptoTaxDay42
— Pushpendra Singh (@pushpendrakum) March 16, 2022
New crypto tax policy if not changed will kill #Bitcoin mining in India.
In a few years when #Bitcoin will become a world reserve asset, we will regret not controlling enough hash power as a nation. #reducecryptotax #reducecryptotaxDay40
— Aditya Singh (@CryptooAdy) March 14, 2022
Daily Crypto News Round-Up
- Bored Ape Yacht Club creates a crypto token to fund games, events, and merch
- Ukraine’s Zelenskyy signs virtual assets bill into law
- DeFi Platform Aave launches Version 3 with Cross-Chain Swaps
NEW COIN LISTING ON COINDCX
| New Coin | Price | 24hr % Change |
| Celer Network (CELR) | ₹ 2.98 | -0.16% |
| Monero (XMR) | ₹ 14,786.02 | +1.79% |
| Anchor Protocol (ANC) | ₹ 217.45 | -3.52% |
| Stacks (STX) | ₹ 97.34 | +0.35% |
*All prices are latest by 8:30PM, 18 March 2022.
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