Crypto

Best Cryptocurrency News December 18: Biggest Moves in NFT, Bitcoin, Crypto Rules and More

A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum, and Tether to help you jump-start the day.

1. Market Buzz

Cryptocurrency Prices Today, December 18: Bitcoin, Ethereum Falls More Than 3%

Global cryptocurrency market cap fell to $ 2.14 trillion from $ 2.21 trillion in recent last 24 hours, while the volume climbed to $ 105.96 billion from $ 89.49 billion on Friday, December 18. Among the major cryptocurrencies in the world, Bitcoin fell 3.6% to Rs 36 79,813, while Ethereum fell 3.8% to RS 3 05,454. In contrast, Avalanche advanced more than 4% at Rs 8,556.

2. Portfolio Diversification

Ray Dalio Focuses On Cryptocurrency To Diversify His Investment Portfolio

Billionaire investor and hedge fund manager Ray Dalio believes cryptocurrency can be part of investment portfolios in an environment where the dollar is rising. depreciates in real terms. According to a report from Blockworks, Dalio said in an interview with Yahoo Finance that he owned bitcoin and ethereum. He did not specify what the encryption he owns is worth.

3. Crypto Scams

Revenue from crypto scams surges 81 percent in 2021, “rug pulls” make for most of it

The money garnered from cryptocurrency-related scams and crimes worldwide touched almost $7.7 billion, reaching an all-time high in 2021, surging almost 81 percent over the last year, per the Chainalysis’ 2022 Crypto Crime Report. However, the lion’s share of this $7.7 billion, almost 37 percent to stand at $2.8 billion belonged to “rug pulls” scams taking place in the Defi ecosystem. 

4. Regulatory Central

RBI board discusses CBDC, private cryptocurrencies

The central board of Reserve Bank of India (RBI) on December 17 discussed issues related to Central Bank Digital Currency (CBDC) and private cryptocurrencies, the RBI said in a press release.
This development assumes significance as the central government is currently in the process of finalising a national law to regulate cryptocurrencies.

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