Day: February 1, 2022

India to Levy 30% Tax on Crypto Income, CBDC Launch in 2022-23

Indian Finance Minister Nirmala Sitharaman announced a 30% tax on any income from the transfer of virtual digital assets, a first for the nation. Additionally, she also said that the digital rupee will most likely be issued in the 2022-23, which is the first time the government has given a timeline on the launch of a central bank digital currency (CBDC). “There has been a phenomenal increase in transaction in virtual digital assets. The magnitude and frequency of these transactions have made it…

Binance Announces SAFU Fund Has Reached $1 Billion – Bitcoin News

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Binance has announced one of its trademark features, the SAFU fund, has reached a milestone in its development. The SAFU fund, an acronym that stands for “Secure Asset Fund for Users,” has reached the amount of one billion dollars, securing the funds of users in case of a hacking emergency. The exchange, which is one of the pioneers in the establishment of such structures, invited other exchanges to also take similar measures. SAFU Reaches $1B, Transparency Highlighted Binance, the leading exchange in volume traded, has announced a milestone…

More than 80% of the NFTs Minted for Free Were Unoriginal or Fake 

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OpenSea, one of the largest NFT marketplace has reported in a Twitter post that more than 80% of the NFTs created for free on its platform were plagiarized from other artists, fake, or spam. The company reported that users are misusing the free minting tools on the platform to commit fraud and create spam.  OpenSea revealed this rampant fraud shortly after the announcement that users would now be able to make a maximum of five collections with 50 NFTs for each collection using the free feature.  The company created the…

SOL Surges 17% After Coinbase Lists Two Solana Ecosystem Tokens

Solana’s SOL jumped 17% in the past 24 hours to regain the $100 and above level after Coinbase listed two other tokens of the Solana ecosystem. The crypto exchange said on Monday it would list ORCA and FIDA, tokens of Solana-based decentralized exchanges Orca and Bonfida respectively, as reported. The move marked the first time non-Ethereum assets were listed on Coinbase. It previously only stuck to list tokens built atop the Ethereum blockchain or the native tokens of blockchains, such as Avalanche (AVAX) and Solana. nice, @coinbase supports @solana SPL…

Ethereum Mining with Laptop or Mobile | MinerGate Cryptocurrency Mining | Ethereum Mining software

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Bitcoin Network Transaction Volume Surpasses American Express: Research

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New research has found that the annual transaction volume on the Bitcoin network surpassed that of some well-known card networks, such as American Express (AmEx) and Discover, during 2021. The NYDIG Research Weekly’s Jan. 29 report stated that Bitcoin processed $3 trillion worth of payments during 2021, placing it above popular credit card networks American Express ($1.3 trillion) and Discover ($0.5 trillion). The report authors, NYDIG Global Head of Research Greg Cipolaro and Research Analyst Ethan Kochav, also found that the Bitcoin network had settled more transaction volume in Q1…

​​GensoKishi Online’s MV (Metaverse) Token to Be Listed on QuickSwap (DEX) – Press release Bitcoin News

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press release PRESS RELEASE. GensoKishi is pleased to announce that the MV (Metaverse) token has been listed on QuickSwap (a decentralized exchange) at 10:00 UTC on January 29, 2022. GENSOKISHI Online, is a GameFi project that evolves from an award winning Nintendo Switch/PS4 game called “Elemental Knights”, that has been vigorously played for 13 years and has accumulated a total of 8 million downloads worldwide. GensoKishi already has a 3DMMORPG game with active users, with a fully-functioning 3D metaverse, that simultaneously connects users from around the world, be it smartphones,…