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Top Crypto News today: Joe Biden to sign Executive order on Crypto

Crypto News

In today’s crypto news, Joe Biden finally will sign a long-awaited executive order on digital assets. Despite all the negative anticipations and fears that the order might resound a regulatory clampdown on the industry, the order seems to be fairly favorable to the crypto industry. Read more on this crypto news below. 

The ruler of Dubai also wishes to make Dubai one of the key players in the development of Web3.0 and crypto. He wishes to participate in the designing of virtual digital assets and help the sector to grow via the regulatory laws. He created an independent authority that shall be overseeing the development of the best business environment in the world of virtual assets with respect to governance. 

DraftKings become a Polygon validator after the NFT marketplace clocks $44M in sales. The sports betting powerhouse have started their partnership with Zero Hash to become a polygon validator. More on this crypto news is below. 

Crypto Prices Today 

Price Trend  Price for March 11, 2022  Percentage change 
The global cryptocurrency market cap  ₹131,670,922,927,064 -6.18%
The total crypto market volume ₹6,254,221,699,133 -13.66%
Bitcoin Price ₹30,69,999.94 -1.40%
Ethereum Price  ₹2,02,421.95 -1.61%

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

Top Gainers and Losers Today

Top 3 Crypto Gainers  

Cryptocurrency  Price (Latest by March 11, 2022)  Change in % 
Stacks (STX) ₹108.27 28.23%
ZCash (ZEC) ₹11911.73 12.44%
Elrond eGold (EGLD) ₹11373.18 7.86%

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

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by March 11,  2022)  Change in % 
ICON (ICX) ₹62.57 17.21%
UMA (UMA) ₹569.87 10.51%
Fantom (FTM) ₹92.58 7.10%

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

Crypto News Global 

Dubai Adopts Initial Crypto Law, establishes Independent authority for oversight

With the aim to become one of the major players in the world of digital assets, the ruler of Dubai has announced the creation of regulations and licensing authority around crypto. According to the tweet made by Sheikh Mohammed bin Rashid Al Maktoum, the future belongs to those who design it. He wishes to participate in the designing of virtual digital assets and help the sector to grow via the regulatory laws. He created an independent authority that shall be overseeing the development of the best business environment in the world of virtual assets with respect to governance, licensing which shall be in line with the global and local financial systems. 

Read: What are virtual digital assets Taxed at 30% in Budget 2022

Read: Crypto Taxation guide Budget 2022: 30% Tax on Digital assets 

Source: CoinDesk 

Biden to sign an executive order on crypto authorizes all government efforts to consolidate regulation 

The president of the US Joe Biden will sign a long-awaited executive order on digital assets. Despite all the negative anticipations and fears that the order might resound a regulatory clampdown on the industry, the order seems to be fairly favorable to the crypto industry. The key focus is on the consolidation and coordination of various agency efforts under a unified policy. 

Source: Cointelegraph

Top NFT & Metaverse  News today 

DraftKings become Polygon Validator after the NFT marketplace clocks $44M in Sales 

The sports betting powerhouse DraftKings (DKNG) has started a partnership with Zero Hash, a digital asset startup in order to become a polygon validator. According to the announcement made by the company at the start of the week, this collaboration will make DraftKings one of Ethereum’s largest layer 2 governors. This plan has been in action since the October of 2021. This participation of DraftKings in validation will support the long-term or broader strategy of the company to build a robust, trustworthy, and sustainable infrastructure to future-proof the aspects of the business in the Web 3 era. 

Draftkings currently have their NFT marketplace deployed on Polygon. Polygon has become a hot spot for sports collectible platforms because of the low fees and its fiat compatibility. Polygon is home to several marketplaces such as Tom Brady’s Autograph, National Football League’s ticket collectible along with OneOf’s sports marketplace. 

Read: Top 10 NFT marketplace 2022

Read: Investing in Polygon (MATIC)? Take a deep dive in how MATIC coin works

Source: CoinDesk 

NEW COIN LISTING ON COINDCX 

New Coin Market Cap Circulating Supply
Gari Network (GARI) ₹1,604,126,952 45,800,000.00 GARI
Celer Network (CELR) ₹17,976,180,138 6.58B CELR
Monero (XMR) ₹236,268,780,592 18,090,911.93 XMR
Anchor Protocol (ANC) ₹73,009,807,306 262,496,724.96 ANC
Stacks (STX) ₹134,968,737,295 1.30B STX

*All prices are latest by 11:00 AM Feb 11, 2022.* 

Daily Crypto News Round-Up 

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