In rupee terms, Bitcoin declined 2.16 percent to trade at Rs 32,41,176 while Ethereum rose 5.65 percent to Rs 2,30,299.7. Cardano was up 3.44 percent to trade at Rs 67.69 and Avalanche rose 7.61 percent to Rs 6,793.2. Polkadot rose 2.04 percent to Rs 1,486.68 and Litecoin rose 3.21 percent to Rs 8,732 in the last 24 hours. Tether dipped 0.51 percent to Rs 77.98.
Mining UpdateBitcoin mining difficulty drops again in March
According to data from information portal Glassnode, mining difficulty reduced 1.5 percent on March 3. To keep the time between each mined block relatively steady around 10 minutes, the difficulty increases automatically in relation to the network’s computer capacity, also known as hashrate. Read more here.
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Crypto BuzzWarren’s Crypto Sanctions Bill Aims to Crack Down on Russia, Track Wallets With Foreign Ties
As Russia’s invasion of Ukraine continues, US senator Elizabeth Warren has proposed a new bill that would enhance and expand enforcement of sanctions against the country, its entities, and individuals, specifically when it comes to the use of cryptocurrency. The Digital Asset Sanctions Compliance Enhancement Act of 2022 was introduced by the Massachusetts senator during a Senate Banking Committee hearing. The bill sharpens the ability for President Joe Biden and the US government to act against exchanges that transact with Russian addresses, among other provisions.
Russia-Ukraine CrisisUkraine is depending on crypto donations – here is why
Ukrainian officials released addresses for two crypto wallets on their Twitter account at the start of the crisis, offering donors a direct and obvious address to which to make donations. Only four days after the invasion began, the wallets gathered more than $10.2 million (9.2 million euros). Since then, more than $100 million in cryptocurrency has been raised, with Michael Chobanian, the founder of Ukrainian crypto exchange Kuna, accounting for 60 percent of all donations.
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NFT WorldNFT collections get largest physical presences at SXSW
Doodles and FLUF World, two NFT communities with the largest physical presences at SXSW, ran immersive, multi-day, and multi-sensory experiences. They created tangible installations where people would queue for hours to visit and participate with virtual communities in person. At SXSW, Cointelegraph investigated how these digital collections came to be.
