In today’s crypto news, Lugano a city in Switzerland is aiming to become the Bitcoin capital of Europe. It is in talks to make Bitcoin, tether, and its own token LVGA as a legal tender within its jurisdiction.
The Central Bank of Brazil is also in talks to choose partners that shall assist the government in creating its CBDC. The initiative had received proposals from 47 projects across the globe. Read more on this crypto global news below. In today’s NFT & DeFi news, the DeFi security provider Sherlock has decided to expand its investor pool and is about to raise $100 million in public funds. Do you wish to know more about this crypto news? Read below.
Crypto Prices Today
| Price Trend | Price for March 07, 2022 | Percentage change |
| The global cryptocurrency market cap | ₹130,566,626,236,396 | -3.6% |
| The total crypto market volume | ₹5,359,264,005,688 | +2.79% |
| Bitcoin Price | ₹30,36,247.33 | -3.06% |
| Ethereum Price | ₹2,02,153.16 | -3.97% |
*All prices are latest by 11:00 AM, 7 March 2022.
Top Gainers and Losers Today
Top 3 Crypto Gainers
| Cryptocurrency | Price (Latest by March 07, 2022) | Change in % |
| USD Coin (USDC) | ₹79.99 | 0.94% |
| Binance USD (BUSD) | ₹79.98 | 0.92% |
| Tether (USDT) | ₹79.99 | 0.92% |
*All prices are latest by 11:00 AM, 7 March 2022.
Top 3 Crypto Losers
| Cryptocurrency | Price (Latest by March 07, 2022) | Change in % |
| Anchor Protocol (ANC) | ₹312.89 | 21.64% |
| Fantom (FTM) | ₹107.89 | 18.00% |
| Chiliz (CHZ) | ₹16.00 | 9.22% |
*All prices are latest by 11:00 AM,7 March 2022.
Crypto News Global
Lugano to make Bitcoin & Tether a legal tender
With its dream to become Europe’s Bitcoin capital. Lugano of Switzerland has built a partnership with the stablecoin issuer Tether and is planning to establish Tether, bitcoin, and Lugano’s own LVGA points token as a legal tender in the city.
This move has surpassed the other Swiss localities that were accepting crypto for tax payments for some time. Lugano is also planning to allow crypto to be paid as a tax along with its integration in other everyday transactions.
Read: Will Bitcoin touch $100,000.
Source: Coindesk
Central Bank of Brazil selecting partners to assist CBDC
The Central Bank of Brazil has teamed up with nine partners to build a digital real, Brazil’s central bank digital currency (CBDC). Some of the partners helping the Brazilian government in this venture are Santander Brasil, Mercado Bitcoin, Aave, a DeFi platform, and Itau Unibanco.
This initiative had received 47 project proposals across the globe from Germany, Portugal, the U.S, the U.K, Mexico, Israel, as well as Sweden. The Central Bank of Brazil acknowledged on Thursday that it is willing to evaluate the use cases for CBDC as well as evaluate its technological feasibility.
Read: What are virtual digital assets?
Source: Coindesk
Top NFT & DeFi News today
DeFi Security provider Sherlock aims to raise $100M
Protocol security provider Sherlock has decided to widen its investor pool beyond the angels and the venture capitalists. This also comes after it raised $1 billion from the Luna Foundation Gaurd.
The primary aim of this startup is to protect the smart contract projects from hacks and it is now looking for a $100 million fundraise from the public. The project shall open its six-day fundraising window from March 7 according to the official announcement made by it.
Source: The Block
Daily Crypto News Round-Up
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