On September 30, the majority of major cryptocurrencies are trading in the green. The current worldwide cryptocurrency market capitalization is $1.9 trillion, up 3.69 percent in the last 24 hours.
The entire cryptocurrency market volume in the last 24 hours is $91.84 billion, a 0.07 percent decrease.
Bitcoin’s price is currently Rs 33.5 lakh, and its dominance is 42.56 percent, up 0.09 percent from the previous day.
Vahdam, a digitally native Indian wellness brand that primarily operates in the tea sector, recently became the first large Indian tea brand to enter the NFT space by auctioning off ten limited-edition pieces of animated artwork as NFTs (Non-fungible tokens).
Purchasing these NFTs grants users access to a 10801080-pixel 35-second movie file on the trading NFT marketplace platform, OpenSea, for 0.015 ETH (about. $48.03) and can only be purchased with cryptocurrency, as well as access to exclusive unlocking content, which is a $100 e-gift voucher. Elon Musk, the founder of Tesla, is also seen sipping Vahdam tea in the collection.
According to Reuters, Switzerland’s financial markets supervisor said on September 29 that it has approved the country’s first fund that invests primarily in crypto assets.
The Crypto Market Index Fund is confined to qualified investors and classified as “other funds for alternative investments” with specific risks, according to the Swiss Financial Market Supervisory Authority (FINMA).
The blockchain, or distributed ledger technology, underpins crypto assets.
“In order to enable genuine innovation, FINMA consistently enforces current provisions of financial market legislation in a consistently technology-neutral manner,” it added, ensuring that new technologies are not utilized to bypass existing requirements.