The primary demand from India’s crypto industry was to reduce the controversial tax-deducted-at-source (TDS) policy on crypto transactions from 1% to 0.01% Source
India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech
Month: July 2024
Analysts Expect $6 Billion Market Cap, 20-Fold Price Increase
Solana-based meme coin Dogwifhat (WIF) has seen a significant price and market capitalization surge over the past two weeks, recording a 68% increase in value during this period. WIF reached $2.81 on Monday, marking its highest monthly valuation.ย The tokenโs market cap has also experienced significant growth, nearly doubling in just one month from $1.5 billion to its current market cap of $2.8 billion. Nevertheless, experts anticipate further growth in WIFโs market capitalization, potentially resulting in the token surpassing its previous all-time highs (ATHs). Bullish Predictions For WIF After hitting…
Bitcoin firm Swan pauses IPO plans, suspends mining arm
Bitcoin-focused firm Swan is suspending its crypto mining business, pulling plans to IPO โin the near future.โ Californian Bitcoin-focused investment firm Swan is halting its plans to go public in the near future and has decided to suspend its mining branch just five months after its launch. In an announcement on X, Swan chief executive Cory Klippsten said the firm is also pulling back from its โaccelerated spending plan,โ including staff cuts โacross many functions.โ The Swan CEO explained that the decision was made because the firm doesnโt anticipate โsignificant…
Leader of Russian State Dumaโs Financial Market Committee Labels โHamster Kombatโ a โScamโ and Calls for Its Termination
Anatoly Aksakov, the Chairman of the Russian State Duma Committee on the Financial Market, has stated that โHamster Kombatโ, a popular tap-to-earn game, should be stopped in Russia. Aksakov emphasized that โHamster Kombatโ manipulates the psyche of citizens, leading them to believe that they can become wealthy with minimal effort through playing this type of [โฆ] Source CryptoX Portal
BlackRock's Spot Bitcoin ETF Draws $526M in Net Inflows
BTC failed to take out key price resistance despite huge inflows into BlackRock’s IBIT. Original
Glassnode’s Latest Indicators Point to โGrowing Optimismโ
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edymeโs foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…
BlockFi Administrator Submits Plan in Court to Make Customers Whole
“This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi,” said Mohsin Y. Meghji, Plan Administrator of BlockFi Inc. Source
Dogecoin Price (DOGE) Bulls Target $0.15 Breakout: Can They Succeed?
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
U.S. Government Moves $4M Bitcoin (BTC) Seized From Ryan Farace, Data Show
Saxony sold 49,858 BTC between June 19 and July 12, driving the token’s spot price as low as $53,500 at one point. As of writing, the leading cryptocurrency by market value changed hands at $67,450. Meanwhile, the U.S. government still held over 213,000 BTC worth over $14 billion. Original
Crypto trade association urges Kamala Harris to embrace digital assets
The Digital Chamber, a leading blockchain trade association, has urged U.S. Vice President Kamala Harris to โtake a forward-looking approach to digital assets.โ On Monday, the Digital Chamber said it had sent a letter to Harris. This came just a day after outgoing U.S. President Joe Biden dropped out of the upcoming 2024 election and endorsed Kamala Harris for nomination as the Democratic Partyโs candidate. ๐ข This morning, we sent a letter to @VP with important requests to support the #digitalasset industry. Itโs in the best interest of the American…