InvestmentTradingUpdates

2022-11-05 14:20:02 High Taxes Can Kill the Crypto Industry in India, CZ Cautions

Besides existing taxes, a new draft ITR form suggests that foreign businesses could be taxed if they have got a user base in India. India’s anti-crypto policy came into sharp focus at the prestigious Singapore Fintech Festival (2-4 November), where Binance CEO flagged high tax rates as undoing the fledgling crypto business in the country.

Binance CEO Changpeng Zhao (CZ), during a panel discussion at SFF that was live-streamed, said, “India has high tax, which is probably going to kill the industry.” He was referring to new crypto taxes that became effective from April this year, media reports noted. India introduced a 30% capital gains tax and 1% transaction tax on virtually all transactions in digital assets that came into effect in April 2022. Since then, local crypto exchanges have reported a slump in volume by as much as 90%.

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2022-11-04 11:30:32 Dapper Labs' Feldman: 'A difficult day' as company lays off 22% of staff

Dapper Labs laid off almost one-quarter of its employees, Senior Vice President of Marketing Dave Feldman confirmed on Twitter, as the company grapples with plunging NFT trading volumes. Almost 22% of Dapper Labs’ staff — or, 134 out of a total workforce of 613 — was laid off as part of a larger reorganization strategy, BetaKit first reported.

Almost 22% of Dapper Labs’ staff — or, 134 out of a total workforce of 613 — was laid off as part of a larger reorganization strategy, BetaKit first reported. Feldman on Twitter called the reorganization a "difficult day.". As Dapper reorganizes, NFT trading volume across gaming, art, and collectible markets, in which the company holds significant financial stakes, declined since a high last May, based on data from The Block Research.

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2022-11-03 05:28:03 Evmos developers raise $27 million in a token sale led by Polychain

Tharsis, the developers of Evmos blockchain, raised $27 million at an undisclosed valuation in a token sale round led by Polychain Capital. he team hopes to deploy the newly raised capital toward accelerating the development of decentralized applications in the Evmos network ecosystem.

Launched in April, Evmos aims to position itself as a leading Cosmos-based blockchain that offers compatibility with Ethereum via Ethereum Virtual Machine (EVM), a computing environment used by Ethereum developers. Tharsis hopes EVM will make Evmos more appealing to Ethereum developers. Over the last few years, EVM has become the most widely adopted computing standard for developing smart contracts.

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2022-11-02 12:37:02 Apollo Global to Hold Crypto for Institutional Clients Through Anchorage Partnership

Apollo Global Management – one of the world’s largest asset managers, with more than $500 billion under management – is breaking into crypto custody through a partnership with digital asset platform Anchorage Digital. In total, Apollo holds over $500 billion in assets under management.

Eling added that the company would explore new ways to apply blockchain technology across its business. The move marks another major entrance into crypto from a national leader in asset management, following BlackRock’s partnership with Coinbase for Bitcoin trading and custody in August. Fidelity, one of the first major financial firms to break into Bitcoin back in 2018, introduced Ethereum trading to institutional clients earlier this month. Apollo brought on former JPMorgan crypto lead Christine Moy in April to be its Head of Digital Assets.

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2022-11-01 09:32:02 Hong Kong plans to green light crypto ETFs

The Securities and Futures Commission is planning to allow certain crypto exchange-traded funds (ETFs) to be sold to investors in the southern Chinese city and will also launch a public consultation on potentially allowing retail investors to trade virtual assets (VA).

The news comes as senior officials outlined plans, at the opening sessions of Hong Kong FinTech Week, to try to turn the city into a global center for the digital asset industry. ETFs with underlying assets in instruments linked to bitcoin and ether futures traded on the Chicago Mercantile Exchange (CME) would likely be the first such products to be approved, Julia Leung, deputy chief executive officer at the SFC said in a conference speech.

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2022-10-31 10:48:02 Binance Unveils Educational Series to Tackle Crypto FUD

Binance, the world’s largest cryptocurrency exchange by trading volume, is rolling out a fresh educational series dubbed “Unmasking Your Top Five Halloween Crypto Creepers,” to tackle some of the disinformation, myths, inaccuracies, and FUD (fear, uncertainty, and doubt) in the crypto ecosystem.

According to a statement shared with crypto.news, Changpeng Zhao’s Binance exchange recently conducted a social media poll to find out what the people feared most when it comes to crypto investing, and the researchers made several worrying discoveries. Specifically, about 30 percent of respondents indicated that the lack of adequate information on the workings of crypto was their major problem. In comparison, 42.8 percent of respondents stated that the market’s unpredictability.

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2022-10-30 17:14:00 If there is Binance in WEB 2.0, there is PLEXUS in WEB 3.0.

PLEXUS is a cross-chain DEX aggregator, optimized for WEB 3.0. With the interswap routing engine, PLEXUS enables asset exchange across all blockchain networks.

Public Sale Date: 2022.10. 31 04:00 - 2022.11. 3 03:59 (GMT)
Join Public Sale

Sale Info
Token to participate in sales: USDT
Public sale Price: $0.06
FDV: $30,000,000
Token Sales Amount: 5,000,000 PLX
Listing Price: $0.2
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Participation Benefit
1. Listing Price will be 333% higher than the Public Sale!
Liquidity will be provided at $0.2 per 1 PLX, 333% higher than the public sale when PLEXUS launches.

2. PLEXUS SBT
PLEXUS certifies one’s contribution to the protocol by issuing POA SBT to them. If you participate in the Public Sale and own the SBT, you can participate in protocol decision making through additional PLX rewards and governance power incentives depending on your level.

Check-out Live EVENT
https://linktr.ee/plexus.app

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2022-10-30 13:43:02 Dogecoin price rallies 150% in 4 days, but DOGE now most 'overbought' since April 2021

DOGE price could drop 60% by the end of this year as it reaches its most overbought level since April 2021. Dogecoin price rally extended further on Oct. 29 in hopes that the cryptocurrency would get a major boost from Elon Musk's Twitter acquisition. Notably, the meme-coin's massive intraday rally came as a part of a broader uptrend that started earlier this week on Oct. 25. In total, DOGE's price gained 150% during the Oct. 25-29 price rally.

The surge was also accompanied by a decent increase in its daily trading volumes. That coincided with a spike in the number of DOGE transactions exceeding $100,000, according to Santiment. Both indicators sugges a growing demand for Dogecoin tokens among rich investors, or so-called "whales.". The jump across Dogecoin's key metrics reflect investors' excitement about Elon Musk's Twitter acquisition on Oct. 27. Earlier this year, the billionaire entrepreneur had flirted with the idea of making Dogecoin a payment method to purchase the Twitter Blue subscription.

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2022-10-29 10:48:02 Final Fantasy developer partners with Avalanche to launch its first Web3 game

With the expansion of the cryptocurrency industry, including virtual worlds collectively called the metaverse, Web3-based games are growing in popularity as well, attracting the interest of established names in the gaming industry. Avalanche (AVAX) network to launch its first Web3 game in 2023, the blockchain company announced on October 27.

Specifically, the partnership includes the collaboration with Andreessen Horowitz-funded Ava Labs, the software company providing support to the Avalanche ecosystem and facilitating the launch of decentralized finance (DeFi) applications on the network. On top of that, GREE is also currently running over a dozen Avalanche validator nodes, in a bid to take part in Avalanche’s primary network and gaming Subnets. It is also the first publicly traded company in Japan to hold the Avalanche AVAX token.

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2022-10-28 06:40:03 Former Uber employees back new startup raising $9 million to decentralize ridesharing

Foundation Capital and Road Capital co-led DEC’s seed round. Other investors include 6th Man Ventures and Common Metal as well as prominent angel investors such as Uber’s former general manager for New York Josh Mohrer, founder of Flexport Ryan Petersen and former early Uber employee Ryan McKillen.

DEC has developed Trip, a new protocol built on the Solana blockchain that can be used for multiple mobility-based applications. The first application to use the network will be Teleport, a decentralized ride-sharing application built by DEC. The Trip network is open source. Key components of ridesharing services such as dispatch, payments, background checks and dispute resolution will be accessible to all network participants.

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