Over the next ten years, the global Web3 boom is anticipated to contribute $1.1 trillion to the Indian economy, supporting the momentum created by over 450 in-house firms, including CoinDCX, Polygon, and CoinSwitch, that is based on investments. India is…
Crypto Sanctions Are a Form of Digital Fascism, Says a Russian Regulator
One of Russia’s top regulators believes that the sanctions relating to cryptocurrencies that have been placed on the nation and its people are an example of “digital fascism.” The remarks follow the latest round of sanctions imposed on Russia by…
Spain LeapFrogs El Salvador to Become Third Largest Crypto ATM Hub
After the United States and Canada, Spain is the official home of the third-largest network of Bitcoin and cryptocurrency ATMs. El Salvador Down to Fourth El Salvador, which has 212 crypto ATMs, is presently in fourth place due to Spain,…
Flasko (FLSK): A New Alcoholic Asset Class For Cryptocurrency Investors
Just like wine, an asset class that consists of rare wines, whiskeys, and champagnes also appreciates over time. Asset Class Worth $1 Trillion The market value of the aforementioned asset class, which has outperformed gold, precious stones, and high-end handbags…
XRP Tanks After Ripple’s Newest Attack On the SEC Case
According to a tweet from Ripple general counsel Stuart Alderoty on October 20, the U.S. SEC has sent documents related to former director William Hinman to Ripple (XRP). The crypto business resisted the SEC’s move for summary judgment as well.…
New Binance Competition Seeks to Identify the Most Popular Cryptos
Binance has launched a competition on Twitter to reward the cryptocurrency community’s supporters with a sizable audience. Binance holds a competition called “The Community Showdown” in order to select the top three crypto projects to be listed on its exchange.…
Coinbase Backs Grayscale In Its Legal Battle With the SEC.
The largest Bitcoin fund, Grayscale, is fighting the Securities and Exchange Commission in court with the backing of Coinbase, the largest cryptocurrency exchange in the United States (SEC). Grayscale Protests Barring Of Its Bitcoin ETF Grayscale has made the decision…
Kraken Becomes Latest Crypto Exchange to Ban Russian Users
In accordance with penalties imposed by the European Union, Kraken is the most recent cryptocurrency exchange to block accounts of Russian users on its site. Kraken informed its Russian clients via email on October 19 that the exchange is discontinuing…
IRS 2022 Tax Guidelines to Treat NFTs as Cryptocurrencies and Stablecoins
The U.S. Internal Revenue Service (IRS) has provided NFT investors with greater clarity regarding how the assets are expected to be taxed. Same Tax Law For All Digital Assets According to the IRS’s tax year 2022 guide, all “digital assets,”…