India Imposes 30% Crypto Tax, But Politicians Are Fighting Back
The Indian government has always looked hesitant towards the adoption of cryptocurrency. Even Country’s Lawmaker Pinaki Misra believes that the administration has created confusion regarding investing in digital assets. While he also states that the current implication of tax has made people believe that dealing in cryptocurrency is a ‘sin’. MP Misra discussed that thinking of banning crypto is just equivalent to banning the internet.
Ava Labs, the blockchain startup responsible for the research and development of smart contracts platform Avalanche has introduced Core, “a free, non-custodial wallet engineered specifically for applications on Avalanche, including subnets and the next generation of Web3 projects.”
Dapps or Decentralized Applications has become a buzzword in the crypto-world over the past 3 years. For the uninitiated, the term dApp refers to a blockchain-based application that runs on a decentralized network and uses its resources. Decentralized apps normally have no central point of failure, have open source code, and work with a decentralized consensus mechanism. The downtime of these decentralized apps is also eliminated. They are resistant to interference by individuals, corporations, or governments because they do...
Axie Infinity (AXS), the second-largest crypto game token by market capital, surged 22% to over $72 after developer Sky Mavis outlined plans to improve community governance in the eponymous game and progressively decentralize its economy. Reaction to the news was largely positive, helping AXS reach a two-month high. The token also saw trading volumes surge to nearly $2 billion. Launched in 2018, Axie Infinity is one of the most popular play-to-earn games. The game revolves around minting Ethereum-based NFT creatures, and...
Popular cryptocurrency analysts have been analyzing Solana’s price performance to determine key levels $SOL must surpass in order to maintain its bullish trend, and have shared their results on social media. The price of Solana has moved steadily upward over the last few days, with the smart contracts...
Enjin Coin price has seen three green days with a nice run-up. This move comes after ENJ bulls breached a declining trend line that subdued it since 25 November. The recent uptick in bullish momentum suggests that ENJ is leading the Metaverse coins like MANA or SAND.
Over 263 billion tokens of the meme-inspired cryptocurrency Shiba Inu ($HIB) have been buried since October 2021, while the cryptocurrency’s burn rate – meaning the rate at which new tokens are burned – keeps rising. According to the CEO of Bigger Entertainment, Steven Cooper, over 263 billion SHIB...