GST on cryptocurrency? Overseas exchanges may face 18% tax - cyptoranking.com

2024-04-26

Popular crypto exchanges(2023 Update) 2024-04-26
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The Chainlink (LINK) price has made five unsuccessful attempts at breaking out from a long-term descending resistance trendline. In another tweet, Ali mentioned that Ethereum whales have been offloading their holdings. He claims that since February 2023, Ethereum whales have profited from rising prices, selling or transferring around 5 million ETH worth approximately $8.5 billion. This selling trend is continuing, and there is no present hint of a shift toward ETH accumulation.Is Ethereum Due for a Bullish Breakout and a Surge to $2,000? (ETH Price Analysis) GST on cryptocurrency? Overseas exchanges may face 18% taxDYDX Token Receives Full Community Support for dYdX Chain Integration Solana. Source: AdobeCoinbase's layer-2 network, Base, has surpassed Solana (SOL) in terms of total value locked (TVL).Base's TVL has reached an impressive $397.32 million since its launch in August, outpacing Solana's TVL of $358.96 million, data from DefiLlama shows. Over the past month, Base has experienced significant growth, with a remarkable 97.21% increase in TVL.On the other hand, Solana has seen a decline of 9.64% in its TVL over the same timeframe.The bulk majority of Base's TVL comes from two projects. Decentralized exchange Aerodrome Finance holds the top spot with a TVL of $97.83 million, while the decentralized social media app Friend.tech ranks second with a TVL of $36.53 million.Aerodrome Finance, launched on August 28, allows users to deposit liquidity to earn its native AERO tokens and offers other features. Although it had a slow start, Aerodrome's TVL skyrocketed on August 31, with a massive $150 million pouring in on that day alone. However, the project's TVL has since decreased by approximately 51% as the initial hype subsided.Friend.tech, launched on August 11, enables users to tokenize their social networks through the buying and selling of "Keys." Despite facing challenges in late August, the platform experienced a dramatic surge in September. DefiLlama reports a 540% increase in Friend.tech's TVL over the past month, primarily driven by a pump that began on September 9 alongside a resurgence in daily trading volume.Looking beyond the top projects, Base's TVL is predominantly contributed by multinetwork decentralized finance platforms such as Compound, Curve, and Uniswap.Furthermore, Base has achieved a new milestone this month, reaching a peak of 1.88 million daily transactions on September 14, surpassing rival chains like Optimism and Arbitrum, which had a combined total of almost 880,000 transactions on the same day. As of today, Base's daily transactions have decreased to approximately 908,000, but the all-time high record remains intact.Coinbase Pushes for Regulatory Clarity in the USAs of late, Coinbase has ramped up efforts to bring about positive changes in US legislation in the crypto sector.Earlier this week, the exchange launched a new media campaign, encouraging people who are interested in crypto to contact their congressional representatives through its platform to let them know crypto regulation clarity is an important issue for them.In mid-August, the exchange also announced the launch of a crypto advocacy group tasked with promoting the interests of the crypto community.Dubbed Stand with Crypto Alliance, the independent nonprofit organization aims to mobilize support for legislation that would create a regulatory framework for digital assets in the US.Furthermore, earlier this year, the company filed a lawsuit against the agency to compel the SEC to establish clear regulations for the cryptocurrency industry. Despite the push for regulatory clarity, the exchange has come under scrutiny.In June, the SEC sued Coinbase, accusing the platform of operating as an unregistered securities exchange, broker, and clearing agency. DeFi Protocol Balancer Faces Another Security Breach After Being Exploited for $2M a Month Ago

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The first phase in the pipeline is called the Merge. This phase will involve the “merging” of Ethereum’s current blockchain with Beacon Chain, the network responsible for creating new blocks. This process makes sure the new blocks are valid, and rewards validators with ETH for keeping the network secure. In other words, it will transition Ethereum’s consensus mechanism from Proof of Work to Proof of Stake. “At a time when other crypto exchanges are backing away from various regions due to increased scrutiny from local regulators, this regulatory approval highlights Coinbase’s commitment to working with local regulators to ensure its retail and institutional offerings are compliant with local frameworks and standards,” Coinbase said in an email. Why is Bitcoin going down 2023?Alameda’s $65 billion line of credit on FTX is a “devastating fact for the defense,” according to Brian Klein. Even though the price trades in a bullish pattern, the weekly RSI is bearish. When evaluating market conditions, traders use the RSI as a momentum indicator to determine if a market is overbought or oversold and to decide whether to accumulate or sell an asset.

People familiar with the filing by Ark Invest and 21Shares said recent developments suggested it was an opportune moment to start expanding conversations around ether products. That disclosure came about a week after Grayscale Investments won a court case against the SEC in what many segment watchers called a victory for the broader crypto space. Quarterly global crypto Venture funding. Source: PitchBook/Bloomberg Malaysia regulator warns of KuCoin, Binance cloneThe move to support a broader decentralized economy aligns with AirSwap’s ethos, co-founder Don Mosites told Decrypt in an exclusive interview. Analyst Sees Bitcoin Decline to $20,000 in Bear Market

The downtrend is further emphasized by the lack of attempts from the token to break through and reclaim higher levels. The 21 EMA acts as a dynamic resistance, and SHIB's consistent position below it indicates a strong bearish grip on its price action. This rise in popularity caused a big fee spike on the bitcoin blockchain, leading some users to complain about the perceived “uselessness” of adding arbitrary data to what should arguably be a monetary network. Since bitcoin is ruled by rules, not rulers, and Ordinals transactions abide by the protocol’s rules, the activity was able to continue and thrive for months, leading to a plethora of applications and new developments being built on the original cryptocurrency. SEBI ban on agri commodities trade: Why farmers are protesting against the regulator in MumbaiBitcoin ETF impact on volatility By 2021, Dogecoin had successfully achieved mainstream popularity. The altcoin had attracted the eye of many prominent figures such as Ethereum’s Vitalik Buterin, SpaceX and Tesla’s Elon Musk, and would even be trending on both Twitter and TikTok. It had a huge and bustling community of over a million people just on Reddit.

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