• Sat. May 21st, 2022

Finance Standing Committee Meets Indian Crypto Stakeholders; bitcoin increases

ByHazel R. Lang

May 4, 2022

The Finance Standing Committee participated in the two-day meeting hosted by the Blockchain and Crypto Assets Council (BACC) in Bangalore, starting May 4. After the meeting, Dr. Amar Patnaik, MP Rajya Sabha of BJD, and National Spokesperson and Head, IT Wing tweeted, “In Bangalore, during the Finance Standing Committee meeting with crypto players as well as other deputies”.

Several heads of Indian crypto exchanges including CoinDCX CEO Sumit Gupa and Coinswitch Kuber CEO Ashish Singhal were present at the meeting.

Elsewhere, LGT Bank, the financial institution owned by the Princely House of Liechtenstein and part of the world’s largest family-owned banking group, offers cryptocurrency custody and brokerage services to private clients, starting in Switzerland. and Liechtenstein, Coindesk reported.

Swiss-regulated digital asset service provider SEBA Bank will provide crypto services to LGT’s private banking and asset management group, which holds more than 280 billion Swiss francs ($288 billion) in assets. assets under management.

Crypto prices

The price of Bitcoin in the cryptocurrency market has increased by 1.39% in the past 24 hours, and it was trading at $38,957.37 as of 5:00 PM IST. According to Coinmarketcap.com, its dominance in the crypto market is currently at 42.20%, up 0.03% in the last 24 hours.

In the past 24 hours, Ethereum (ETH) was trading at $2,866.57, and it was up 1.23%, while Binance Coin (BNB) was up 0.99% during the same period and traded at $390.63. Solana (SOL) rose 0.98% to $88.37, while Cardano (ADA) rose 4.65% to $0.8234.

meme pieces

As of 5:00 p.m., Dogecoin was trading at $0.1327 on Coinmarketcap.com, up 1.39%. Rival Shiba Inu was up 0.35% and trading at $0.00002093. Samoyedcoin was down 3.18% and trading at $0.01382, while Dogelon Mars was up 1.26% and trading at $0.0000009089.

Overall scenario

According to Coinmarketcap.com, the global crypto market capitalization was $1.76 trillion, an increase of 1.20% in the last 24 hours, while the total crypto market volume was 82. $43 billion, a decrease of 0.57%.

Spear Finance (SPEAR) was the biggest gainer, gaining 372.71%. It was trading at $0.000004316 as of 5:00 p.m., according to Coinmarketcap. On the other hand, MetaPay (METAPAY) recorded the maximum loss and fell by 95.33%. It was trading at $0.00000141.

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