How to Show Crypto Income Losses Investment in ITR AY 2022-23 | How to Declare Crypto Assets India

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Crypto's downturn is about more than the macro environment

The global economic downturn should not have a long-term negative effect on cryptocurrency prices, even if it is influencing crypto in the short term. It’s been a tough year for risk assets across the board, and it’s fair to blame the macroeconomic situation. A combination of factors has ignited a surge of inflation in developed economies and forced central bankers to react. As a consequence, several events — including inflation, payrolls, interest rate announcements, and speeches from monetary authorities (especially in the United States) — have had a relevant impact…

DIMO Helps Drivers Gain and Monetize Their Car Data

One Michigan-based driver sold his car for $7,000 more than what he would have at his local dealer just by using data gathered by DIMO, an open-source, decentralized project that aims to connect drivers and their data with developers and manufacturers. As DIMO sees it, car data can provide valuable and monetizable insights – but drivers often aren’t the ones benefiting. DIMO wants to change this. Source

Cosmos (ATOM) Invalidates Uptrend; Where Is The Next Area Of Interest For Price?

ATOM price struggles on high timeframes to trend higher despite showing bullish sentiment in recent times.  ATOM trades below uptrend support as the price looks bearish with the current market state. The price of ATOM eyes key support as price trades below 50 and 200-day EMA.  The price of Cosmos (ATOM) struggles to discover its bullish trend as the price breaks below uptrend support against tether (USDT). The previous weeks saw the crypto market cap looking good as prices of Bitcoin (BTC) and other crypto assets, including Cosmos (ATOM), showed…

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Cosmos (ATOM) Leads Gains Among Top Coins

Despite being down 2.74% as of writing, Cosmos (ATOM) still leads gains among top coins in the past week. The internet of blockchains has had its fair share of roses and thorns during the week. However, data from CoinMarketCap shows that ATOM has enjoyed several peaks and is still trading in the green.  The blockchain has also experienced high trading volume within the past 24 hours, up 14.93%. It has also held its end against top coins like Wrapped Bitcoin, Cronos, and Ethereum Classic, considering the 7-Day trading activity.  Related…

Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’ – Economics Bitcoin News

Canadians have been dealing with rising inflation and the Bank of Canada raising the benchmark interest rate following more than two years of monetary easing tactics. On Sunday, Canadian central bank governor Tiff Macklem explained that “reasonably good harvests” will contribute to reducing food inflation. The day before Macklem’s statements on CBC Radio, Canadian columnist Lorne Gunter published an opinion editorial that insists the “Bank of Canada governor needs to go.” Macklem Stresses ‘Further Interest Rate Increases Are Warranted’ to Battle Inflation, and ‘Reasonably Good Harvests’ Could Bring Food Inflation…

Bitcoin Trades Flat Ahead of Inflation Report

● Bitcoin (BTC): $19,238 −1.2% ● Ether (ETH): $1,308 −1.0% ● CoinDesk Market Index (CMI): 952.64 −1.1% ● S&P 500 daily close: 3,612.39 −0.7% ● Gold: $1,675 per troy ounce −1.5% ● Ten-year Treasury yield daily close: 3.89% +0.005 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices. Original

Sam Bankman-Fried announces efficiency updates to FTX

The crypto derivatives platform is expected double its order throughput and significantly reduce order latency, according to its CEO. FTX CEO Sam Bankman-Fried announced in a series of tweets that, over the next month, the exchange is expected to roll out various improvements to its matching engine.  3) We’ll be rolling out a whole new order matcher, lower latency API pathways, and a whole slew of other features. These have been in the works for most of the year. They’re almost ready to release. — SBF (@SBF_FTX) October 10, 2022…

Multiverse Labs launches government-backed metaverse city in UAE

Multiple emirates in the UAE are looking to the metaverse to boost tourism in their respective regions. Sharjah now joins Dubai in broadening its Web3 ambitions. Artificial intelligence ecosystem Multiverse Labs has launched a new metaverse city in the United Arab Emirates (UAE), a move the emirate said could enhance the region’s tourism industry. The new metaverse city, dubbed Sharjahverse, was described by Multiverse Labs as a “photorealistic, physics-accurate” metaverse that encompasses the emirate’s 1,000 square-mile surface area. The virtual city will support the local tourism industry and potentially create…