1.Market Buzz
Global Crypto market capitalization fell 0.63 percent during the last 24 hours to reach $ 2.63 trillion. Bitcoin, currently traded at $ 57,157.85 to see the market domination surge around 0.23 percent during the last day to stand at 41.09 percent.
The total volume of Cryptocurrency trading for the last 24 hours was $ 122.98 billion, down 5.99 percent. While defi ($ 18.77 billion) contributed 15.26 percent of the total Crypto volume, stablecoinin ($ 94.54 billion) was made for 76.87 percent of the 24-hour market volume of Crypto Market.
2.Regulatory Lens
Along with TV, crypto platforms hit pause on ad blitz on digital media
The government, on December 1, stated that he was still studying the regulatory framework in the context of Cryptocurrency ads and how to handle it. In addition, the Indian Advertising Standard Board (ASCI) also announced that it was in discussions with the government to refresh the guidelines related to Cryptocurrency ads.
3.Whats happening in the Metaverse?
Metaverse Land Sales on Ethereum, Solana Top $100 Million in One Week
Interests in the land of Metaverse, virtual real estate, and the hottest new madness in Crypto, exploded: more than $ 100 million invested in it last week, according to the Analytics Crypto Delfradar site.
4.Nation’s Take
Nandan Nilekani: Crypto can bring about financial inclusion
In the midst of uncertainty over the fate of Cryptocurrency in India, the Infosys Nandan Nilekani course said on December 1 that Crypto assets can be used to realize more financial inclusions.
“There is a role for Crypto as an asset but they clearly have to follow all laws and ensure that it does not become a backdoor for money laundering … they must use it [as] the entry point to get many young people to the financial market,” Nilekani, which Together to set up Infosys, told the next conference Reuters.
5.Expert Take
Crypto Conversations: How blockchain helps fight cybercriminals (MC PRO)
Compliance as a service provider (CAAS) utilizes the power of blockchain technology to create ecosystems that provide compliance, regulations, and monitoring of transactions, all under one roof. Read more about how Blockchain technology helps strengthen cyber security here.