Last Updated : February 10, 2022 / 08:06 AM IST
Top Cryptocurrency News Today: The biggest moves in NFTs, Bitcoin, crypto rules and more
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum, and Tether to help you jump-start the day
Cryptocurrency Prices Today: Bitcoin, Ethereum, Cardano rise while Solana dips marginally
In rupee terms, Bitcoin rose 0.26 percent to trade at Rs 34,74,138, while Ethereum rose 3.32 percent to Rs 2,53,746. Cardano rose 0.23 percent to Rs 93.29 and Avalanche rose 1.2 percent to Rs 6,976.7. Polkadot rose 0.06 percent to Rs 1,710.1 and Litecoin was up 3.77 percent to Rs 10,831.05 in the last 24 hours. Tether dipped 0.08 percent to Rs 78.62. Memecoin SHIB rose 3.02 percent, while Dogecoin rose 1.19 percent to trade at Rs 12.55. Terra (LUNA) fell 2.52 percent to Rs 4,406.34. Read more here.
Wells Fargo Report Argues It’s Not ‘Too Late to Invest’ in Crypto
Banking giant Wells Fargo has published a report that says it is not too late to purchase Bitcoin and other cryptocurrencies. The report, titled “Understanding Cryptocurrency” contends with common investor arguments surrounding Bitcoin and the wider cryptocurrency markets. These include claims that investors are “too early” or “too late” to participate, while the report also considers the impact of early technology adoption. “We believe that cryptocurrencies are viable investments today, even though they remain in the early stages of their investment evolution. We recommend professionally managed private placements for now, as the investment landscape is still maturing,” Wells Fargo said. Read more here.
Gucci Buys Land in Ethereum Game The Sandbox to Create Metaverse Experiences
The designer clothing brand announced recently that it’s bought an undisclosed amount of virtual land on the decentralized blockchain game The Sandbox. Gucci will create themed experiences on The Sandbox inspired by its “Gucci Vault” platform, which lists items like Gucci-themed NFTs and vintage bags. In addition to a fashion-focused metaverse space, Gucci also will be releasing fashion items for Sandbox players to purchase and wear in the game’s virtual reality. Read here.
Russia Expected to Regulate Crypto Like Foreign Currencies: Report
The Russian government and the country’s central bank have reached an agreement on how to regulate Bitcoin and other cryptocurrencies in a plan to recognize digital assets as a form of currency. “The circulation of such financial assets will be regulated by the state with strict obligations for all participants in the professional market and an emphasis on protecting the rights of ordinary investors,” reads the document published on the government site. According to the local business publication Kommersant, the new legislation would bring cryptocurrencies into the same regulatory framework as foreign currencies. Read more here.