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Make people grouping! Since we heard this call, it has become our mission.
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As we told you in previous messages, we are only victims of our silence.That's why the future Krypto Homeless ecosystem must exist. We want to highlight every artist, who through his art wants to transmit something.
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Cryptocurrency news, price predictions, bitcoin, Ethereum, Litecoin, digital assets and the future of money, blockchain, mining, live cryptocurrency prices cryptocurrency.com.tr
CryptoShrypto was founded in 2021 with the objective of supporting our viewers with relevant crypto-news information. Our editorial content is driven by our aim to provide unbiased news, in-depth analyses, comprehensive cryptocurrency price charts, and frequent reporting on the social transformation that digital currencies can bring.
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Bitcoin took 3.6x time than Microsoft to reach $1 trillion marketcap.
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At a very high level, most NFTs are part of the Ethereum blockchain, though other blockchains have implemented their own version of NFTs. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also keeps track of who’s holding and trading NFTs.
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The global economy will be transited to a digital ecosystem right from investments to money transfers. Cryptocurrency and Blockchain are the most promising addition to the digital payment market. The year 2021 will be a watershed moment for cryptocurrency. But what’s next? Pixbit's latest blog is all about exploring the future of cryptocurrency and blockchain.
pixbitsolutions.com/blogs/future-of-cryptocurrency-and-bl...
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Bitcoin News on Evergrade's 300 Billion Debt Crisis Impacts Crypto Markets
Link: youtu.be/zcGF_6k9V3k
Analysts are wondering whether China's second-largest property developer, Evergrande Group, could default on its $300 billion in debts, posing a danger of contagion for the crypto industry.
Evergrande has since admitted that it will be unable to sell homes or other assets in its control quickly enough to service its rapidly increasing obligations, as Fitch Ratings stated on Sept. 8 that it "appears probable" that the company will default on its loans.
Evergrande predicted a "major continuing fall in contract sales in September," leading in "further worsening of cash collection by the Group" and putting "tremendous pressure on the Group's cash flow and liquidity," according to a statement released Tuesday. The following was added to the document:
Tether, the leading stablecoin issuer, may have exposure to commercial paper issued by the "$300 billion debt monster," according to Australian economist David Llewellyn-Smith, who also warned that Bitcoin (BTC) may be one of Entergrande's counterparties due to Tether's (USDT) dominance as a BTC pairing. Tether, on the other hand, has refuted this.
Tether's most recent attestation report indicated that $30.8 billion of its $62.8 billion in assets is kept in commercial paper, with the Financial Times estimating that the company is among the top 10 holders of the product globally.
Onlookers are concerned that Evergrande's demise may have far-reaching consequences for the commercial paper market, with Reuters identifying the company as "the largest issuer of commercial papers," with $32 billion in assets as of late 2020.
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Link: youtu.be/zcGF_6k9V3k
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May 25 Daily report: YouTube video with 883 million views to be taken down after its NFT, Cardano price technical breakout sets out for 60% rally, Bitcoin rallies as Elon Musk meet with miners, Ethereum markets bounce after a record plunge last week and JP Morgan CEO Sees Crypto Going To $5 Trillion
Very often, the snake scares, it represents cruelty and evil.
Do you know the fable "The Man and the Snake"? In this fable, Jean de La Fontaine describes a snake being punished to death by a man without any judgment. Then begins a monologue of the snake, in which he will try to demonstrate the ingratitude of Man. An ox, a cow and a tree are also present to give their opinion.
For us, this story reveals an interesting observation. Nature gives to Man. The cow and the ox help him to carry out the hard tasks of the everyday life. The tree warms him up, gives him shelter. However, man will have no qualms about abandoning them, killing them when he no longer has any use for them.
It is fascinating to see that Jean De la Fontaine chooses here the snake, this animal so despised by the biblical thought, which defines it as the animal which released the sin by the temptation. Who really embodies evil and cruelty?
Cryptocurrency is no longer banned in India! From ‘Banning Cryptocurrency’ in 2019 to ‘Introducing Cryptocurrency Regulation Bill’ in 2021, Indian government’s stand on cryptocurrency has witnessed a massive shift in the last 4 years. Earlier, the government was against selling, mining or receiving cryptocurrencies and totally prohibited banks from supporting crypto transactions.
Now, Indian government has introduced a bill to regulate cryptocurrency transactions in the country. Called as ‘The Cryptocurrency and Regulation of Official Digital Currency Bill’, it lists certain rules and regulations on cryptocurrency transactions. The government is now open to experiment the crypto market and allow cryptocurrency transactions.
“The whole idea of Indian government is to ‘regulate’ cryptocurrency transactions, and not ban them”
RBI’s Stand On Cryptocurrency
While the Indian government wants to regulate crypto transactions, the Reserve Bank of India is completely against cryptocurrencies, as it sees them as a threat that has the potential to cause financial instability. This is because cryptocurrencies foster financial freedom and do not have a central regulatory system like banks.
With the increasing popularity of cryptocurrencies like Bitcoin and Ethereum, RBI has its own plans to introduce an official digital currency in the near future. Finance Minister Nirmala Sitharaman has announced in her recent budget speech that RBI will introduce a blockchain based Central Bank Digital Currency (CBDC) by 2023. If CBDC becomes a reality, it will be set a massive crypto storm in India.
Cryptocurrency Tax Regime
Indian government has recently announced a tax regime for cryptocurrency transactions. Flat 30 per cent tax should be paid be people who gain income from their crypto or virtual digital assets (VDAs). Cryptocurrencies and NFTs fall under these. Even in case of losses, the tax amount has to be paid. When it comes to digital / virtual gifts, the recipient of the gift will be taxed.
The announcement of the tax regime comes in wake of the increasing frequency of crypto transactions. The tax regime has no negative effects on the cryptocurrency prices in the market.
Tax regime is imposed only on cryptocurrencies and NFTs. They will not affect digital payments like Google Pay, Paytm or Amazon Pay. One must not confuse between crypto transactions and digital payments.
Who Will Be Impacted By India’s New Crypto Tax Regime?
The new tax law will have a major impact on
• The buyers and sellers of cryptocurrencies, who engage in crypto trade in crypto exchanges such as CoinDCX, WazirX, Kuber match and more will be taxed.
• Not just the buyers and sellers, even the crypto exchanges in India who indulge in transactions to get supplies of cryptocurrencies from other countries to sell domestically will be taxed. Their profits and revenue will be impacted.
• People who buy cryptocurrencies from Indian exchanges will have to pay the 1% TDS.
• People who own NFTs and virtual assets or gifts will be taxed.
• In-app purchases and reward points offered by apps and social media organizations will be impacted by the crypto tax regime.
• There are also chances for dating, gaming and social media apps to be taxed 1% TDS as they come under virtual digital assets, according to the government.
To conclude, as of now, Indian government has made up its mind to support and regulate crypto trade and transactions. The government has future plans to introduce their own RBI-backed cryptocurrency. Despite the recent announcement of the crypto tax law, traders and businessmen involved in crypto trade seek more clarity from the government on the taxing process. India does not involve in mining of cryptocurrencies, therefore it has to buy them from outside the country, being subjected to the crypto tax law.
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Immigration officers in Thailand have arrested 24 Chinese fugitives for an alleged cryptocurrency scam in Bangkok. The Immigration Bureau of the Royal Thai Police arrested the 24, seized 424 mobiles, phones, 61 laptops and a number of routers. Meanwhile, the Bureau stated that the head of operation hired employees on a three month contract. Wherein he paid all expenses of the contract including a $710 monthly salary.
Read Out More 👉 www.cryptoknowmics.com/news/immigration-bureau-arrest-24-...