Less than seven days to implement the updated tax laws, confusion reigns over India’s crypto tax policies. A parliamentary addendum to questions regarding the crypto tax policy states that crypto traders can’t compensate for losses on one digital asset by making a profit from another one. With the updated policy set to become effective by…
According to several new jobs posted by the platform, it seems that the company is looking for individuals who are skilled in the world of blockchain technology. Joining the Bandwagon The Swedish -based music streaming platform, Spotify is on the verge of adding NFT and blockchain support, looking to gain a significant advantage over its…
Sushi, a decentralized exchange, has introduced its automated market maker (AMM) Trident on Polygon. Sushi promotes Trident to be a unique agenda to construct as well as deploy AMMs. Sushi introduces Trident Beta The platform has begun the launch of its exclusive AMM, Trident. In a blog post of Wednesday, it was declared on the…
Algorand hovers at $0.796 after kick-starting its 60% upswing. Enthusiasts can expect the alt to extend its leg-up to $1.1, with an impending upside rally. A daily candle close under $0.675 will form a lower low, invalidating ALGO’s bullish thesis. Algorand launched a recovery move with colossal upward potential after finding a dependable support level…
Avalanche has had a lucrative week, gaining more than 25% over the past seven days. That had it take its market capitalization higher to $23 billion at this publication (Coinmarketcap data). Moreover, AVAX gained approximately 10% within the past 24 hours. Such developments raised eyebrows among market participants. Moreover, will the alt remain a profitable…
Eight days ago, a crypto user wouldn’t have envisaged that a keyboard mishap and a sniper bot would make him lose over $1m within a few minutes. But that’s what happened to Twitter user @Dino_Dealer last Thursday. The Pain Of A Huge Loss Dinodealer had wanted to list a rock as 445 ETH (about $1.2m)…
Russia’s apex bank has approved Sberbank (the nation’s top lender) to start providing digital assets services. The move became necessary after EU and US sanctions had strongly devalued Russia’s fiat currency earlier this month. The Operational License Becomes Effective Immediately Sberbank released an official statement confirming the notice saying, “we are among the financial service…
The past few days saw Avalanche recording impressive gains, climbing towards a supply zone. AVAX might retest the former resistance mark at around $77.3 in the coming hours. NEAR kept its price actions within a range in March, whereas Algorand contemplates a higher move following recent buying pressure. Avalanche (AVAX) Avalanche trades inside a descending…
LUNA price outlook shows price explored the lows of $84.86 within the past day. The alt seems ready to hit the support at $84 beneath critical MAs. Further downswings might launch a bearish move to $70. Terra price unveils a bearish picture today. That’s after LUNA extended the downward journey initiated on 15 March. The…
AAVE, the governance token of DeFi platform Aave, registered a remarkable 30% upsurge over the past two days, forming a bullish divergence after the latest lows. While publishing this content, AAVE trades 10% high around the $151 mark, its market capitalization hovering around $2 billion. The latest upside move by AAVE prices emerged after the…
In an endeavor to provide the country’s citizens with awareness regarding the utilization of crypto, the Jamaican authorities are planning to airdrop nearly $16 (2500 local dollars) to the initial 10,000 residents starting their CBDC (Central Bank Digital Currency) wallets after the 1st of April. CBDC and JAM-DEX (Jamaica Digital Exchange) This week, while pronouncing…
Apart from being the wealthiest person on earth right now, Elon Musk has considerably influenced the crypto market. However, scammers have crypto tokens that exemplify the female version of the Tesla CEO, named ‘Elona Musk.’. As of this writing, more than 30 of such tokens are now available, with about half of them being honeypots….
Regarding the announcement made by its Prime Minister, the United Arab Emirates (UAE) has recently initiated new laws and proper regulations regarding digital assets in the region. Vice President and Prime Minister of Dubai, Sheikh Mohammed bin Rashid Al Maktoum made an announcement recently, stating that the government has now given approval to digital asset…
Despite no end in sight in the war between Russia and Ukraine, the latter’s deputy minister for digital transformation has revealed that Ukraine is already planning to release some moments from the war in the form of digital collectibles. That’s why the country is already making requests to fund its war with Russia through NFTs….
Since the beginning of this year, the total value locked (TVL) on the Cardano network has been growing in leaps and bounds, the same way the Cardano community has been growing. However, the latest Defi Llama data (which was released today) showed that the Cardano’s TVL Exceeds $200m For The First Time TVL in Cardano….
Crypto Lloyds Review At one point or another, you have probably come across some discussion or mention of the financial markets. It could be the stock market, the forex market and more recently, the cryptocurrency market. If you have ever wondered and looked into it, you may have found out that some of the richest…
SHIB price might experience a break out amid token burning as Shiba Inu circulation supply shrinks. Shiba Inu saw an increased burning rate, triggering a bullish thesis among the meme coin’s enthusiasts. Analysts trust the meme coin s ready for a 30% upsurge in the current cycle. Shiba Inu might register breakouts in the…
Since January 2022, TVL on the Cardano blockchain has displayed a remarkable increase. Recent data by DeFi Llama (a top DeFi TVL analytics firm) showed that the TVL on the network’s DeFi protocols had reached new heights of nearly $190m today, breaking the previous peak record. There Is More To Come – Hoskinson When staked…
A study by BlockFi disclosed that women from the United States have begun moving toward crypto as one-third of the participants expressed intention to purchase virtual assets till 2022’s end. BlockFi – the crypto lending venue – surveyed more than 1,000 U.S. women to find their sentiments and awareness regarding the sector of virtual assets….
Shiba Inu isn’t new in the cryptocurrency space, with its whopping 46 million percentage growth. That made it the most sought-after digital currency. The meme token Shiba Inu joined the financial space in 2020 August, introduced by an unknown developer Ryoshi. One of its primary goals was to compete with Dogecoin. That had market players…