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Top Crypto News today: Australia working on Crypto Regulations

Crypto news

In today’s crypto news, Australia has also joined the list of countries planning to regulate crypto assets. The government has announced a plan for significant changes to the payment system that shall be more specific to digital currencies.  More on this crypto news is below. 

One of the Cardano (ADA) teams is working on finalizing a new transaction workflow that shall add token minting and burning capabilities. Another team is also considering token minting as well as burning within the Hydra Head as well as scenarios where it shall be using tokens rather than datums. 

The Fantom network is growing at an unprecedented pace as claimed by the Fantom Foundation. Data from the FTM scan reveals that 364874 unique addresses have joined the network last month. The impressive growth of 77.69% has been achieved by the network since the previous year. More on this crypto and DeFi news is below. 

Crypto Prices Today 

 

Price Trend  Price for March 21, 2022  Percentage change 
The global cryptocurrency market cap  $1,846,030,095,971 2.31%
The total crypto market volume $81,558,562,596 1.56%
Bitcoin Price
$40,897.65
2.27%
Ethereum Price  $2,853.10 2.50%

*All prices are latest by 11:30 AM, 21 March 2022.

Top Gainers and Losers Today

 

Top 3 Crypto Gainers  

Cryptocurrency  Price (Latest by March 21, 2022)  Change in % 
Alpaca Finance (ALPACA) ₹39.04 19.33%
Spell Token (SPELL) ₹0.33 16.47%
Dash (DASH) ₹8980.67 9.82%

*All prices are latest by 11:30 AM, 21 March 2022.

 

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by March 21,  2022)  Change in % 
THORChain (RUNE) ₹664.66 8.09%
Siacoin (SC) ₹0.72 7.93%
Helium (HNT) ₹1703.80 6.52%

*All prices are latest by 11:30 AM, 21 March 2022.

Crypto News Global 

 

Australia gears towards regulating crypto-assets

Australia has also joined the list of countries planning to regulate crypto assets. The government has announced a plan for significant changes to the payment system that shall be more specific to digital currencies. 

This new regulation will have its prime focus on crypto taxation, protection of investors, and regulating digital exchanges and banks. The ministry wants all the key crypto players to act within regulations while the asset is being widely adopted across the globe. 

Read: What are virtual digital assets. 

Read Crypto Taxation Guide Budget 2022 

Source: Finbold 

 

Top Metaverse & NFT News today 

Cardano (ADA) among latest crypto assets to consider burning mechanism 

A new initiative was undertaken by the Cardano team to update about its development every week showing that two teams are working on the development of a token burning mechanism. According to the report, one of the teams is working on finalizing a new transaction workflow that shall add token minting and burning capabilities. Another team is also considering token minting as well as burning within the Hydra Head as well as scenarios where it shall be using tokens rather than datums. 

It appears that the company is pursuing this mechanism aggressively as two teams are working on it simultaneously. This mechanism will make the assets deflationary as it shall permanently remove a certain amount of tokens from circulation. 

Read: Investing in Cardano (ADA)? Deep dive into Cardano

Source: BeinCrypto 

 

Fantom Network growing at a fast pace with the rise of active addresses and Smart contracts

The Fantom network is growing at an unprecedented pace as claimed by the Fantom Foundation. Despite the exit of certain eminent names from the DeFi space, the network has its objective intact. Data from the FTM scan reveals that 364874 unique addresses have joined the network last month. The impressive growth of 77.69% has been achieved by the network since the previous year.

Earlier at the beginning of the month, a sense of fear developed among the Fantom community members as Andre Cronje, Godfather of DeFi, and senior solutions Architect, Anton Nell decided to leave the DeFi space. Their departure was thought to be a blow to the DeFi projects such as Fantom. However, the project continues to soar. Do you also have Fantom in your portfolio? Check out the latest price trends of  Fantom on the CoinDCX app

Read: Ethereum vs Fantom: Comparative analysis between Smart Contract Platform 

Source: ZYcrypto 

 

NEW COIN LISTING ON COINDCX 

 

New Coin Market Cap Circulating Supply
Kyber Network (KNC) ₹42,681,546,774 177,809,349.53 KNC
Celo (CELO) ₹92,878,384,294 427,388,610.00 CELO
Mirror Protocol (MIR) ₹9,385,277,843 77,742,679.93 MIR
NEO (NEO) ₹121,185,457,537 70,538,831.00 NEO
Stacks (STX) ₹127,672,339,540 1.30B STX

*All prices are latest by 11:30 AM Feb 21, 2022.* 

 

Daily Crypto News Round-Up!

 

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