It is being discussed by G7 nations to find ways to stop Russia from using crypto to evade sanctions

To further stifle Russia, the G7 nations' finance ministers and central bank governors have begun discussions.

 In the previous 24 hours, Bitcoin's price fell by 5.96 percent, while Ethereum's price fell by 3.27 percent.

Following Russia's invasion of Ukraine, the G7 nations are looking at measures to prevent people and companies from utilizing cryptocurrency to bypass Western sanctions. There was a virtual conference this week between the G7 countries' finance ministers and central bank governors.

The auction for Ukraine's non-fungible tokens (NFTs) has ended successfully. As much as $6.75 million in Ethereum (ETH) was raised by the government on Wednesday after a three-day bidding procedure, according to various media outlets. On the 26th of February, the flag NFT was placed on the market for bidding. The deal finished on March 2 with 2,174 ETH coins being sold.

According to multiple media sources, metaENGINE, a platform for web 3 gaming, said on Friday that it had acquired $4 million in startup investment from Lemniscap and Jump Crypto.

At 5:00 p.m. IST, Bitcoin (BTC) was trading at $39,193.74 on the cryptocurrency market, down 5.96 percent from the previous day. According to Coinmarketcap.com, its market share presently stands at 42.20 percent, down 0.73 percent in the previous 24 hours.

A 3.27 percent drop in the price of Ethereum (ETH) and a 4.28 percent drop in the price of BNB occurred in the previous 24 hours, respectively. Both Solana (SOL) and Cardano (ADA) were down by 4.25 and 2.55 percent, respectively.

Coins of Meme

At 5:00 p.m., Dogecoin was trading at $0.1238, down 3.38 percent from the previous day. Trading at under $0.00002407, Shiba Inu was down 3.87 percent in the previous 24 hours. Dogelon Mars was trading at $0.0000007548, down 4.40 percent, while Samoyedcoin was trading at $0.01889, down 4.79 percent.

Situational Aspects

After 24 hours, the worldwide cryptocurrency market value was $1.76 trillion and the overall cryptocurrency market volume was $80.11 billion, both down 9.91 percent.

It was PlayGame (PXG) that had the highest percentage increase, with a gain of 499.97 per cent. According to Coinmarketcap statistics, it was trading at $0.0007862 at 5:00 p.m. Coinmarketcap data reveals that The One Ring (RING) suffered the worst loss, plunging by 84.41 percent from its last trading price of $11.90.

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