Crypto Trading Volume in India plummets after new TDS rules | Curated CoinCodeCap #6 July 2022
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
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Crypto Trading Volume in India plummets after new TDS rules
Ever since The Tax Deducted at Source(TDS) rules came into force on July 1, crypto trading volumes in India have plummeted. Trading volume on three major Indian crypto exchanges plummeted 72.5% on average since the introduction of new taxes. Keep Reading »
Troubled Celsius pays off $142.8 Million Bitcoin Loan since July 1
Crypto Lending Platform Celsius has been exploring options to stay afloat ever since it froze withdrawals in Mid-June. As part of its last-ditch efforts to save itself from insolvency, Celsius has been actively paying off loans. Keep Reading »
Monetary Authority of Singapore considers the Introduction of Additional Consumer Protection Safeguards
As the crypto market is going through a major crash at the moment, the volatility has soared, and even expert analysts are having a hard time predicting the next move of the market. Awareness among authorities has also increased and they have been constantly monitoring the market to safeguard consumers from facing major losses. Keep Reading »
US Sen Toomey on Bitcoin ETF Rejection: SEC Denying Access to Financial Services
On Wednesday, the U.S. Securities and Exchange Commission said in a filing that it rejected a proposal to list a spot bitcoin exchange-traded fund(ETF) by Grayscale, one of the world’s leading digital asset managers, on Intercontinental Exchange Inc’s NYSE Arca exchange. SEC’s indifference towards spot Bitcoin ETFs became much more reinstated with this move. Keep Reading »
CoinCodeCap’s Weekly Issue #12
Amidst the chaos, Coinbase declares that it will be unifying the USD and USDC order books, raising suspicion that the company might be running out of USD. It has been cited that this step has been taken to provide a seamless trading experience and deeper liquidity for both USD and USDC. However, we are anticipating that Coinbase is doing so to create a slippage in the market. There is a possibility that the order rate for USD is on rising and the firm does not have enough holdings. Keep Reading »
Market Updates
FIL Price Prediction July 2022
FIL is a native coin of the platform Filecoin. Its current price is around $5.47 by the time of writing, with a low of $4.82, and has a market cap of 1.2 billion dollars. Keep Reading »
ICP Price Analysis July 2022
ICP is a native coin of the platform Dfinity. The platform is a not for profit organization dedicated to building the Internet Computer Blockchain. Its current price is around $5.51 by the time of writing, with a low of $4.67, and has a market cap of 1.6 billion dollars. DFINITY Foundation is a not-for-profit organization developing technology for the Internet Computer blockchain to support it. Keep Reading »
BTC Price Analysis July 2022
BTC, also known as Bitcoin’s current price, is around $19,300.01 by the time of writing, with a low of $17,708.62, and has a market cap of 368 billion dollars. Keep Reading »
VET Price Analysis June 2022
VET is a coin of the platform VeChain. Its current price is around $0.02304 by the time of writing, with a low of $0.02012, and has a market cap of 1.6 billion dollars. Keep Reading »
Crypto to Look Out for this Week: BTC, ETH, BSV, ICX, NEO
The price of cryptocurrencies has dropped by 60% in the last few months. This has made it hard to deny that we are in a bear market. The prices for smaller assets such as ZCash also decreased by over 80%, and other significant drops were noted across the board. Keep Reading »
Top 3 Metaverse Crypto to Look Out for in June 2022: ONT, APE, MANA
ONT is the cryptocurrency of Ontology, a distributed ledger technology that uses consensus protocols and verifiable rules to ensure security & integrity. The price of Ontology will most likely increase in the future and is expected to be a good investment. ONT is built on the Ontology Blockchain. It is a high-speed, low-cost public chain that provides decentralized identity and data solutions to other chains in Web3. Keep Reading »
Crypto Gambling Coins to Look Out for This Week
Crypto gambling has exploded in recent years as more and more people around the world are continuing to take advantage of the many benefits that can be enjoyed when virtual currency is used. Keep Reading »
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