“It is critical for the Union Budget to clearly lay down taxation clarity around crypto assets by formally naming them in tax laws,” said a letter to India’s Finance Minister by IndiaTech.org, an industry body of startups including crypto exchanges. The group plays an active part in discussions about policy framework to regulate crypto with government and India’s central bank, … [Read more...] about Industry Body for Indian Startups Seeks Crypto Rules in Coming Budget Session of Parliament
Session
Crypto Markets See Mixed Session as Terra Falls, NEAR Sets All-Time High
”NEAR has developed an impressed scaling solution that surpasses most available alternatives,” Jack Tao, CEO of crypto exchange Phemex told CoinDesk on Telegram. “It comes as no surprise that more and more projects will integrate or begin to develop on this ecosystem. With the launch of its Aurora EVM solution, I expect to see even more growth in the years to come.” Source … [Read more...] about Crypto Markets See Mixed Session as Terra Falls, NEAR Sets All-Time High
Bitcoin, Ether Dip in ‘Bearish Asia Session’ as China Rate Cut Fails to Inspire Risk Buying
Bitcoin and ether were again trading lower in Asian hours, continuing the year-long trend of losing ground mainly when America is asleep. The decline comes as traditional markets turn a blind eye to China’s interest rate cut and remain risk-averse.At press time, bitcoin, the top cryptocurrency by market value, was trading near $46,600, representing a 0.5% drop on the day. Ether … [Read more...] about Bitcoin, Ether Dip in ‘Bearish Asia Session’ as China Rate Cut Fails to Inspire Risk Buying
ConstitutionDAO Tokens (Yes They’re Still Trading) See Wild Session With $9M Liquidations
Interestingly, both longs and shorts took a hit. Of the approximately $9 million in total liquidations, $4.99 million occurred on ‘long’ positions—or the trades betting on upward price movements on people, while the remaining $4.1 million worth occurred on ‘short’ positions, meaning those betting on declining prices of people. Source link … [Read more...] about ConstitutionDAO Tokens (Yes They’re Still Trading) See Wild Session With $9M Liquidations