Local media reports that WazirX’s co-founders are moving to Dubai. Some team members continue to work remotely in Mumbai and Bengaluru. India’s heavy tax laws have been cited as the reason for the move. WazirX, India’s largest crypto exchange, will relocate to Dubai as a direct result of the heavy taxation on the crypto market. …
Monthly archives: April 2022
Terra’s Governance Token LUNA Gains 17% After UST Emerges As Third-Biggest Stablecoin
LUNA prices spiked more than 17% between Monday and Tuesday The massive pump occurred shortly after UST replaced BUSD as the world’s third-largest stable coin token LUNA’s market cap also jumped up significantly and now sits above the $30 billion mark Terra’s governance cryptocurrency token LUNA pumped over 17% in the 24 hours between Monday …
Monero Community Passes Consensus for Hard Fork Upgrade in July
With a view to strengthening the core channel of its popular privacy-centric interface, the Monero (XMR) community has successfully passed a consensus for the upcoming July hard fork. The popular virtual currency cluster is looking forward to a significant improvement in its operational capacity with the scheduled upgrade of its powerful decentralized ecosystem. The development …
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What is CeDefi?- A Detailed Guide
DeFi has been unquestionably garnering attention since its inception. Dapp transaction volumes topped $270 billion, with Ethereum’s DeFi ecosystem accounting for 95%. Decentralized finance protocols ushered in a transparent, trustless financial revolution on various fronts, including lending and borrowing, derivatives, insurance, stablecoins and decentralized exchanges. With almost $250 billion in value locked up in the …
Top Analyst Says One Group of Altcoins Can Pull Off 10x Rallies, Updates Outlook on Three Crypto Assets
Crypto trader Michaël van de Poppe is eyeing several crypto assets as well as one blockchain sector that he says is experiencing major adoption. In a new tweet, the popular analyst presents his 584,800 Twitter followers with a chart tracking the price action of decentralized oracle network Chainlink (LINK) dating back to September of 2020. …
KuCoin-backed companies launch $100M Web3 developer fund
Crypto exchange KuCoin’s venture capital arm and nonfungible token (NFT) marketplace have launched a $100 million “Creators Fund” to help bootstrap early-stage NFT projects at the intersection of art, sports and GameFi. KuCoin Ventures and the Windvane NFT marketplace have created the fund to help artists and creators showcase their work and scale their business …
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Bitcoin hodlers targeting $100K is what’s preventing 40% price drawdown, data suggests
Bitcoin (BTC) dropping to $25,000 or lower is unlikely thanks to hodlers hoping for all-time highs, not speculative traders, new research says. In a series of tweets on April 19, popular analyst Root argued that there is “no real reason” for a dramatic Bitcoin sell-off. No major selling from “maturing” hodlers Bitcoin has yet to …
Crypto Firm Blockchain.Com Intends To Go Public This Year: Report
Leading crypto financial service provider Blockchain.com is mulling an IPO listing later this year, according to Bloomberg The Miami-based crypto company is currently valued at $14 billion. Leading cryptocurrency exchange and wallet service provider Blockchain.com is contemplating a public listing this year, according to a recent Bloomberg report. Blockchain.Com Mulls Over Public Listing As per …
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Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing
The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia to Experiment With Digital Ruble Payments This …
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GADA Sale on KICK․IO – Here’s Everything You Need to Know
press release PRESS RELEASE. Spring is coming on strong for our launchpad. GADA, the first permissionless and community-governed launchpad ecosystem on Cardano, will launch a sale on KICK.IO on the 20th of April! With the help of two launchpads – GADA Pro and GADA Light – GADA helps various projects to both raise liquidity and …
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Iran to Increase Penalties for Unauthorized Cryptocurrency Mining
Iran has drafted new rules to increase penalties for illegal cryptocurrency mining in the country, including additional fines and imprisonment. “Any use of subsidized electricity intended for households, industrial, agricultural, and commercial subscribers for mining cryptocurrency is prohibited.” New Penalties for Illegal Cryptocurrency Mining in Iran An official with Iran’s Power Generation, Distribution, and Transmission …
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Economist Predicts the Fed’s Response to Inflation Will Push Crypto Higher
Allianz Chief Economic Advisor Mohamed El-Erian says that the Federal Reserve’s response to inflation will cause the prices of cryptocurrencies, like bitcoin, to “go higher.” He noted: “That’s what you get when you’ve waited too long to recognize what inflation is and to take action.” Predictions by Allianz’s Chief Economist Economist Mohamed El-Erian discussed the …
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VanEck CEO says SEC is unlikely to approve a spot Bitcoin ETF
Jan van Eck, the CEO of VanEck, is pessimistic about approving a Bitcoin exchange-traded fund (ETF). The executive has said that the US Securities and Exchange Commission (SEC) is unlikely to approve a spot Bitcoin ETF soon. VanEck CEO says approval for a spot Bitcoin ETF is unlikely In an appearance on Bloomberg TV, the …
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Monero community passes consensus to initiate mainnet hard fork
Monero (XMR) developers have announced that the network has passed a community consensus to implement a mainnet hard fork. The hard fork will come with multiple changes for the Monero network. Monero passes consensus for mainnet hard fork The developers said the mainnet hard fork would be implemented on a block height of 2,668,888. The …
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Ethereum Foundation discloses the amount of ETH held in its treasury
The Ethereum Foundation, a non-profit organization focusing on the Ethereum ecosystem, has revealed that it holds around $1.6 billion in its treasury. $1.3B is held in cryptocurrencies and dominated by ETH, while the remaining amount of $300M is held in non-crypto investments. Ethereum Foundation sells Ether at ATH The Ethereum Foundation released a financial report …
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