Cryptocurrency Prices today on December 13: Bitcoin rises marginally while Ethereum, Cardano fall

Bitcoin declined marginally by 0.64 to trade at Rs 39,34,488 percent while Ethereum (Rs 3,21,724.7) fell by 1.31 percent. Cardano (Rs 105.24) fell by 5.14 percent. Avalanche (Rs 7,057.45) rose by 3.52 percent, Polkadot (Rs 2,300.01) surged by 2.89 percent and Litecoin (Rs 12,401.47) also tumbled by 1.37  percent over the last 24-hours. Read more here

ConstitutionDAO tokens see wild session with $9 million liquidations

Crypto traders betting on the recently famous ConstitutionDAO’s PEOPLE tokens recorded over $9 million in liquidations on December 10, data from analytics tool Coinglass shows. Some 17,000 participants in the ConstitutionDAO raised $40 million in November to purchase a copy of the US Constitution – in what was one of the largest such collective efforts involving cryptocurrencies. Read more here.

Binance Singapore drops crypto license plans

Binance’s Singapore entity plans to withdraw its application for a crypto license in the city-state, and will expel local users by February 13, 2022, the exchange said on December 13. Binance Asia Services, the exchange’s local affiliate, is one of approximately 170 crypto firms that had applied for a Digital Payment Token License in Singapore, which would allow them to offer digital assets services to local users. Firms are allowed to offer crypto services as long as their license application is under review. Read more here.

Parliamentary Panel on Home Affairs raises concerns over cryptocurrency, Darknet use for drug trafficking

The Parliamentary Committee on Home Affairs has recommended setting up a cyber wing under the Narcotics Control Bureau with Intelligence Fusion Centre for effective detection and investigation of drug smuggling through cryptocurrencies and the darknet. Read here.

‘Special gift’: Yuvraj Singh announces NFT collection on his 40th birthday

Former cricketer Yuvraj Singh has become the latest celebrity to join the NFT (non-fungible token) bandwagon, announcing the launch of his NFT collection on his 40th  birthday Read more here.