Top cryptocurrency prices today: Bitcoin, Terra, Ethereum zoom up to 14%; Shiba Inu falls

economictimes.indiatimes.com:

Barring meme coin Shiba Inu, all of the top digital tokens were trading higher. Terra zoomed 14 per cent, followed by Ethereum, which rose 3 per cent. Bitcoin added 2 per cent. The global cryptocurrency market cap jumped to $1.77 trillion, adding almost 3 per cent in the last 24 hours. Total cryptocurrency trading volume tumbled more than 8 per cent to $78.95 billion.

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You can earn interest like bank savings account on your Bitcoin wallet

What's cooking in IndiaThe government of India is expecting its central bank digital currency (CBDC) to be rolled out this year, Finance Minister Nirmala Sitharaman said on Tuesday. In the union budget 2022, tabled on February 1, Sitharaman had announced that India will launch its own CBDC, backed by the Reserve Bank of India. Also, days after the Advertising Standards Council of India (ASCI) rolled out guidelines for the advertising of virtual digital assets, celebrities have started inserting indemnity clauses in their contracts with crypto exchanges. These celebrities have hired lawyers who are drawing out these indemnity contracts where any future liability or other penalties would be taken care of by the exchange.Expert Take«In the cryptocurrency space, industry regulation often divides the community,» said WazirX Trade Desk. «Also, Biden's order will be a big step towards regulating the cryptocurrency space.» The pro-regulation side mentions that there will be more investor protection, a drop in money laundering and tax evasion, and it is likely going to attract money from conservative investors. The group against regulation mentions that regulation is against the spirit of cryptocurrency and the government could take bad decisions due to