Bitcoin at Rs 17.49 lakh

The global crypto market cap decreased 5.77 percent to $997.62 billion over the last day. The total crypto market volume over the last 24 hours increased 11.97 percent to $101.44 billion. The total volume in DeFi is currently $7.50 billion, which is 7.39 percent of the total crypto market 24-hour volume. The volume of all stable coins is now $93.75 billion, which is 92.41 percent of the total crypto market 24-hour volume. The price of Bitcoin hovered over Rs 17 lakh. Its dominance is currently 39.22 percent of the crypto market, a decrease of 0.91 per cent over the day, according to CoinMarketCap. Read full here

Indian citizen pleads guilty in first-ever cryptocurrency insider trading case in the US

A 26-year-old Indian citizen has pleaded guilty in the first-ever cryptocurrency insider trading case in the US, in which he along with his brother and their Indian-American friend made ill-gotten profits totalling over a million dollars. Nikhil Wahi, a citizen of India and residing in Seattle, on Monday pleaded guilty to wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets by using confidential Coinbase information about which crypto assets were scheduled to be listed on Coinbase's exchanges. Read details here

How the Ethereum merge ends the environmental debate about NFTs

One of the largest criticisms against NFTs will be rendered obsolete in just a matter of hours. That’s because the environmental impact of Ethereum, the largest network for NFTs, will effectively be abolished after the blockchain completes the merge—its long-awaited transition to proof of stake. Once the upgrade is complete, the move will reduce Ethereum’s energy consumption by more than 99%, according to the Ethereum Foundation, citing data from one of crypto’s best-known environmental critics. Take a look