Cryptocurrency Prices Today: Bitcoin dips, Ethereum declines, Cardano surges

Bitcoin dipped 0.94 percent to trade at Rs 33,76,785 while Ethereum fell 2.65 percent to Rs 2,57,489.5. Cardano surged 10.88 percent to Rs 127.40 and Avalanche declined 3.95 percent to Rs 6,938.36. Polkadot fell 3.06 percent to Rs 2,064.73 and Litecoin rose 0.69 percent to Rs 11,949 over the last 24 hours. Tether rose 0.43 percent to Rs 79.9. Read more here.

Crypto Influencers Face $300K Fines in Spain's Advertising Crackdown

The National Securities Market Commission (CNMV) of Spain has cracked down on cryptocurrency advertising, per the Financial Times. The new rules apply to crypto companies, marketing companies hired by crypto firms, and influencers. Influencers will specifically have to disclose if they are remunerated for promoting cryptocurrencies. If that is the case, Spain’s new rules require the influencers to include “clear, balanced, impartial and non-misleading” statements about the risks of crypto. What’s more, if any influencer or outlet set to launch a crypto ad campaign has over 100,000 followers in Spain, the CNMV requires at least 10 days of prior notice. Read more here.

Land Prices Surge on Cardano Metaverse Project Pavia

Gaming application Pavia launched on the Cardano network last week, becoming the first-ever metaverse project on the blockchain. Some 100,000 land parcels were issued on Pavia, each being minted as a unique non-fungible token (NFT) with individual 'coordinates'. Over 60% of these parcels were pre-sold in October and November 2021, with the remaining set to go on sale in the first quarter of 2022. Read more here.

NFT Platform OpenSea Hits Record $3.5B in Monthly Ethereum Volume

OpenSea, a popular marketplace for non-fungible tokens (NFTs), has recorded a new all-time high in monthly Ethereum trading volume, soaring past the $3.5 billion mark, according to data from Dune Analytics. With two more weeks to go before the end of the month, OpenSea trading volume has now surpassed both the previous all-time of $3.42 billion recorded in August last year and the $3.24 billion in sales in December. Read more here.