India’s booming crypto market faces hurdles

Industry insiders have expressed concerns about the high crypto tax in India despite the notable surge in Bitcoin prices, which led to significantly increased demand on cryptocurrency exchanges and substantial rises in trading volumes. CoinDCX, a popular Indian cryptocurrency platform, saw its trading volumes multiply fivefold within the past month, escalating from $5 million at the start of February to approximately $25 million by the end of the month. Sumit Gupta, the co-founder of CoinDCX, attributed this remarkable growth to the upward trajectory of Bitcoin prices in a recent interview…

Solana Market Cap Set To Skyrocket 1,000%: Crypto Fund CEO

Joe McCann, the CEO and CIO of the crypto hedge fund Asymmetric, recently made a bold statement on X (formerly Twitter), forecasting a $1 trillion market cap for Solana. McCann’s argument hinges on several key points that detail why he believes Solana has achieved product-market fit (PMF) as “The Chain for Retail,” juxtaposing it against Ethereum’s challenges and perceived shortcomings for retail users. Solana Beats Ethereum McCann critiques Ethereum for not being designed with retail in mind, pointing out its slow and expensive Layer 1 (L1) transactions, alongside the user…

Crypto investors in China net $1.2 billion: Chainalysis

In 2023, investors in China’s cryptocurrency market saw impressive gains, accumulating approximately $1.15 billion, according to Chainalysis. This achievement placed them fourth globally, trailing behind the U.S., the United Kingdom, and Vietnam. Here’s a sneak peek of our country-based estimates for 2023 crypto investor gains. 1. USA at $9.36B 🇺🇲2. UK at $1.39B 🇬🇧3. Vietnam at $1.18B 🇻🇳4. China at $1.15B 🇨🇳5. Indonesia at $1.06B 🇮🇩 Read the full blog here to see the entire list. https://t.co/HfD1MuGiA7 — Chainalysis (@chainalysis) March 14, 2024 Chainalysis, a blockchain research firm in New…