Top cryptocurrency news on December 29: The biggest moves in NFTs, bitcoins, crypto rules and more

Bitcoin tumbled 3.26 percent to trade at Rs 38,41,485 while Ethereum (Rs 3,05,821.8) fell 3.68 percent. Cardano (Rs 112.98) fell 4.33 percent. Avalanche (Rs 8,676.33) dipped 3.6 percent, Polkadot (Rs 2,300) fell 3.17 percent, and Litecoin (Rs 11,833.26) decreased 4.16 percent over the last 24 hours. Tether rose 0.86 percent to trade at Rs 80. Read more here.

It’s the second time this year Iran has taken such measures to reduce the strain on the country’s power grid. The country is banning authorised crypto mining in the country until March 6 in an attempt to save power and avoid blackouts this winter, which will reportedly free up 209 megawatts of power for use by the country's households. Read more here.

Dogecoin co-creator Billy Markus wants it known that he does not speak on behalf of Dogecoin. Markus only holds 220K worth of DOGE, and while Twitter trolling over the project has frustrated him, he says he respects the developers who continue to work on it. Read more here.

Non-fungible tokens (NFTs) have been one of the largest crypto trends in 2021. The most expensive piece, The Merge by Pak, sold for $91.8 million. Read more about the most expensive NFTs sold during 2021 here