Cryptocurrencies were trading in the negative Early this morning,  with the global crypto market capitalization standing at USD1.96 trillion, down 0.46 percent from the previous day. The overall crypto market volume over the last 24 hours has increased by 44.45 percent to USD102.90 billion.

DeFi's total volume is USD16.54 billion, or 16.08 percent of the whole crypto market's 24-hour volume. All stablecoins have a total volume of USD80.92 billion, accounting for 78.64 percent of the total. The price of bitcoin is currently Rs 33.83 lakh. The coin accounts for 40.77 percent of the total crypto market's 24-hour volume, up 0.45 percent from the previous day.

According to blockchain data provider Chainalysis, cryptocurrency-based crime peaked in 2021, with transactions involving unlawful addresses bringing in USD14 billion, up from USD7.8 billion in 2020.

However, the share of fraudulent transactions as a percentage of total crypto transaction volumes fell to a record low of 0.15 percent in 2021, according to the firm.

Cryptocurrency exchanges are looking for clarification on taxation

CryptoWire launches India's first global index of Cryptocurrencies IC15

ED seizes properties of a Kerala businessman, aides in Rs 1.2K cr crypto scam