Top Cryptocurrency News Today: The biggest moves in NFTs, bitcoin, crypto rules and more

The global crypto market cap stands at $1.18 trillion, a decrease of 2.62 percent increase over the previous day. The total crypto market volume over the last 24 hours is $106.92 billion, a 17.21 percent increase. Bitcoin's price is currently $40,573.41. The world's biggest cryptocurrency's dominance is 41.09 percent - a decrease of 0.03 percent over the day, according to CoinMarketCap data. Read More here 

The ongoing Russia-Ukraine crisis may have the signs of what many are calling a ‘War by Crypto’. Over $60 million worth of digital assets being transferred to DAOs or or decentralised autonomous organisations and funds maintained in favour of Ukraine suggests that this digital economy is hard at work. Cyptocurrencies, or crypto assets, cut both ways in as much as the advantage presented to Ukraine is also available to Russia. According to some reports, Russia has been considering accepting Bitcoin as payment for its oil and gas exports. The ongoing conflict is the first time crypto assets have come into prominence from a financing point of view, and this poses several new questions as to how conflicts are financed. It opens a new front on how economies adapt during conflicts. Read more here.

In his life, Roger Ver has been known for his full-throated support of only two cryptocurrencies: Bitcoin and, later, Bitcoin Cash. His enthusiasm and evangelism for crypto in its earliest days earned him the nickname "Bitcoin Jesus". Now he's touting the merits of Dogecoin. The revelation came about when Ver came out of social media hibernation on Tuesday to praise Elon Musk's bid to buy Twitter. Before that, the Bitcoin OG hadn't tweeted for a year. In a subsequent interview with Bloomberg, Ver revealed that he shared Musk's appreciation of DOGE. “It’s cheaper and more reliable,” Ver said. “If I had to pick three contenders [for the world’s dominant cryptocurrency], they would be DOGE, Litecoin, and Bitcoin Cash.” Read more here.

In the past week, Ethereum domain name sales on OpenSea have been up nearly 2,300 percent, as users rush to buy highly coveted, and scarce, three and four-digit names. The Ethereum Name Service (ENS) is a domain name provider for the Ethereum blockchain. The ENS is controlled by a DAO or decentralised autonomous organisation which uses governance tokens to make collective decisions. It has close ties to the Ethereum Foundation and has been around since 2017. Read more here.