Blog

Cardano Price Prediction: ADA Price Retrace Towards $0.90 After Testing Two-Month Highs

ADA price trades with a negative bias on Friday. The price opened lower but quickly recovered to the session’s high. But, the continuation of the upside momentum seems limited now. The formation of a ‘double’ top formation suggests some profit booking in ADA price. ADA price fails to capitalize on the previous session’s gains. More downside toward $0.90 near 50-day EMA. The momentum oscillators tilt in favor of bears.

ADA price gains look reversible

On the daily chart, the ADA price took some breather...

Read more...

Amid LUNA’s trip to the moon and Terra’s exploding TVL, watch out for this

Bullish investors were over the moon when Terra [LUNA] enjoyed a brisk rally that took it from $50 to over $100 in a matter of days. Even in its recent report about the asset, Messari tweeted that LUNA had “firmly planted itself on the moon.” However, before you whip out your wallet and get ready for lift-off, read this.

Time to do the moonwalk

At press time, LUNA was trading at $93.64, having corrected by 0.70%...

Read more...

India Imposes 30% Crypto Tax, But Politicians Are Fighting Back

Key Takeaways

A new finance bill has passed a vote in the upper house of the Indian Parliament. The bill enforces a 30% tax on crypto trading profits and a 1% tax of all crypto transactions. Several members of the Indian Parliament have spoken out against the bill, explaining how the 1% tax on on transactions would hurt the crypto industry in the country.

Share this article

The Indian government has passed new tax laws on cryptocurrencies, dictating a flat 30% tax on...

Read more...

“Ban On Crypto Equivalent To Banning Internet”- Says Indian Lawmaker

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.

India wants to tax ‘Hot Air’

The government of India is yet to decide the fate...

Read more...

Ava Labs Introduces a Revolutionary Non-Custodial Wallet for Avalanche ($AVAX)

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.” 

What is Avalanche ($AVAX)?

Below is a brief description of Avalanche from...

Read more...

Maticcrazy.com: Introducing a new hybrid ROI DApp project in the crypto world

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...

Read more...

Axie Infinity ($AXS) Price Up 22% In Last 24 Hrs; Here’s Why

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...

Read more...