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Top Crypto News today: EU Lawmakers Drop Bitcoin ‘Ban’

Crypto News

In today’s crypto news, one of the most well-known in global sport, The Barcelona football club, is exploring a number of blockchain-based projects, including a “Barca metaverse,” NFTs, and perhaps their own coin. And OverHyped, a blockchain firm, is in the process of purchasing a yacht for their NFT holders to use. Read more on these crypto projects below. 

A vote on the EU crypto bill was delayed last week over language concerning “consensus mechanisms.”, which potentially could be misinterpreted as a ‘ban’ on bitcoin. However, In today’s global crypto news, this language itself has been removed from the bill. Read more on this global crypto news below. 

Before heading to the news section let’s have a quick glance at the latest crypto price trends. 

Crypto Prices Today 

Price Trend  Price for March 03, 2022  Percentage change (24 hrs) 
The global cryptocurrency market cap  ₹144,765,506,202,266 -1.63%
The total crypto market volume ₹7,045,368,127,691 -15%
Bitcoin Price ₹34,16,495.86 -0.21%
Ethereum Price  ₹2,28,597.74 -1.57%

*All prices are latest by 11:30 AM,3 March 2022.

Top Gainers and Losers Today

 

Top 3 Crypto Gainers  

Cryptocurrency  Price (Latest by March 03, 2022)  Change in % 
Anchor Protocol (ANC) ₹356.80 21.21%
ZCash (ZEC) ₹9835.51 8.17%
Cosmos (ATOM) ₹2573.79 7.30%

*All prices are latest by 11 AM IST, 3 March 2022.*

 

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by March 03,  2022)  Change in % 
UMA (UMA) ₹619.30 13.28%
Avalanche (AVAX) ₹6436.24 5.03%
Aave (AAVE) ₹10,565.16 4.69%

*All prices are latest by 11 AM IST, 3 March 2022.*

Crypto News Global 

 

EU Lawmakers Drop Bitcoin ‘Ban’ From Draft of Crypto Regulations

Last week, the Markets in Crypto Assets (MiCA) bill was proposed to the European Parliament. A provision of this bill would have made it illegal for crypto services to deal in coins based on proof-of-work—the consensus mechanism Bitcoin and Ethereum use to “mine” new currency and secure their networks. Because of this, the vote for this bill was delayed.

Stefan Berger, who is spearheading the MiCA bill, acknowledged on March 2nd, that this provision of the bill has been removed entirely, and the vote has yet to be rescheduled. MiCA has the ability to change the way people think about bitcoin in Europe. It would provide a regulatory framework for crypto assets across the European Union, something the United States and other countries are still working on.

Read: Investing in Polygon(MATIC)? Take a Deep Dive

Source: Decrypt

 

Top NFT & Metaverse News today 

 

Blockchain company OverHyped Buys a Yacht for their NFT Holders

The first installment of the OverHyped NFT series features 5,000 hand-drawn pandas. Each panda wears luxurious apparel and accessories that are inspired by pop culture. Monogrammed sweaters, hats, and jewelry are all examples of this. Every panda NFT comes with blockchain apparel. So if you buy the NFT, you’ll get a one-of-a-kind designer hoodie with your NFT on it.

And the blockchain company is now buying a yacht in Orange County, California, which can be used by owners of the panda NFTs. The boat acquisition is part of a larger strategy to give NFT owners various benefits.

Read Top 7 NFT Games to explore in 2022

Source: BeInCrypto

 

FC Barcelona Explores New Opportunities in Metaverse and NFTs

FC Barcelona, a Spanish football team, is no stranger to crypto. And they are now gearing up to be the first big sports organization to create its own crypto coin. Joan Laporta, the club’s president, recently announced at the Mobile World Congress 2022 that the club would prefer to create its own crypto coin to “survive financially.” 

According to Laporta, the club has turned down cryptocurrency firm offers for jersey collaborations since they are working on their own metaverse activation. However, the fact that prominent players like Polkadot and Binance are in talks with the sport’s largest clubs like Barca is encouraging for crypto engagement in general.

Read: Top 10 NFT marketplaces

Source: Bitcoinist

Daily Crypto News Round-Up

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