Like all countries, India is working on taxation from cryptocurrencies. Indian Finance Minister Sitharaman shared his thoughts on cryptocurrencies and announced that a 30% tax should be charged on crypto money transfer income.
In our opinion, we are not against levying taxes on cryptocurrencies, but taxes on cryptocurrencies are too high. Governments should be more rational when taxing cryptocurrencies. There must be a difference between a country’s government and a country’s mafia. When you get money from the mafia it demands such high payback. The people of India must oppose this decision before this high tax is legalized.
Indian Finance Minister Nirmala Sitharaman announced in her 2022 budget speech that a Blockchain-based and RBI-backed Central Bank Digital Currency (CBDC) will be introduced by 2023. In his budget speech, Indian Finance Minister Nirmala Sitharaman was expected to make a statement on cryptocurrencies. But we do not think that a tax as high as 30% is a good idea. There are a lot of people who are not financially well off in India, at least people who are not financially well off should be exempted from such taxes.
Please share your thoughts.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
He had been working on and developing the MWEB Upgrade of Litecoin (LTC) for 2 years. The new update will significantly increase its interchangeability and scalability on the MWEB Litecoin network. We can say that it is the most important update released among Litecoin upgrades.
What is Litecoin’s (LTC) MWEB Upgrade and what’s new: “Mimblewimble is a privacy-focused decentralized protocol that uses a new way to structure and store blockchain transactions. The full anonymity of Mimblewimble transactions stands in contrast to the alias of other cryptocurrencies where three secrets are usually disclosed: the sender’s address, the amount of crypto sent, and the recipient’s. address. Mimblewimble does not reveal any of the three secrets or information. MWEB improves Litecoin’s exchangeability and privacy by allowing users to choose to keep their transaction amount confidential.”
Litecoin MWEB
Transmitters and purchases made on blockchains are generally publicly visible. In particular, companies do not want such payments to be seen. People who care about privacy may want their sending processes to be kept confidential. Litecoin MWEB upgrade pays attention to such privacy and raises the level of security by putting information about the sender, about the user.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Johnny Depp will release a collection of non-changeable tokens (NFT) that highlight friends and heroes. The name of the NFT collection to be published is “Never Fear Truth”.
NFTs created are created using drawings by animated Johnny Depp. Johnny Depp will have a huge collection of himself and his hero portraits.
Johnny Depp said the following about NFTs: “I have always used art to express my feelings and reflect on those who matter most to me, such as my family, friends, and people I admire. My pictures surround my life, but I kept them to myself and limited myself. Nobody should limit themselves”
Johnny Depp NFT
A discord channel about Johnny Depp NFT has been created and explanations are made here. Johnny Depp NFT discord channel currently has close to 50 thousand members. The comments made by the members are positive and show that there will be demand for NFTs.
The collection includes posters of different people and heroism. Who are the people in this great collection:
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
The Cardano Foundation has long been promoting land restoration and tree planting using the Cardano (ADA) Foundation native token against global warming, climate change and deforestation. A weekend release by the Cardano Foundation says the trees planted have reached one million acres. These works of the Cardano Foundation, we can call the Greenest Blockchain Cardano (ADA).
We know that Cardano (ADA) will continue to work on climate. Signed an agreement with Veritree for reforestation efforts for nature conservation. The verification details of all planted afforestation transactions are recorded on the Cardano blockchain for transparency and reliability.
Cardano (ADA) and Veritree: “Veritree is a climate improvement platform that uses blockchain technology to record and track tree plantings for customers. The platform operates a “Cardano Forest” where users can donate Cardano (ADA) tokens in exchange for a limited number of TREE tokens. Veritree plants a tree for each exchanged ADA. These TREE tokens can be used for NFT digital art and digital trees.”
All tree verification details are recorded on the Cardano blockchain for transparency and reliability.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Binance Labs has started to turn to several blockchains focusing on decentralized finance (DeFi), Web 3.0 coin projects, and cross-chain capabilities. News of Binanace investing in Web 3.0 coin projects, Web 3.0 coin project started to rise.
Binance venture capital (VC) Binance Labs has announced that it will contribute to the Oasis Foundation’s $200 million ecosystem development fund. This news means that he wants to support developing projects on Blockchain networks.
Binance Labs is joining other leading VC firms to support the Oasis Network (ROSE), an alternative smart contract platform considering a competitor to Ethereum. In addition to Binance Labs, other notable VC firms supporting the ecosystem development fund include Hashed, Jump Capital, Dragonfly Capital, and Draper Dragon. After the news was published, the altcoin price rose more than 25% on a daily basis.
ROSE price chart for the last 24 hours / Source: CoinMarketCap
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Binance CEO Changpeng Zhao wrote his predictions for altcoins in Fortune India. He said that the newcomer 2022 will be better than 2021 and he expects a huge increase in cryptocurrency adoption.
Binance CEO Changpeng Zhao said Cryptocurrencies have achieved a massive expansion in 2021. Cryptocurrencies such as Bitcoin, Ethereum, Dogecoin and Shiba Inu also rose significantly and attracted a lot of attention. And he said he believes the general adoption of cryptocurrencies is in full swing.
Decentralized finance (DeFi) and GameFi are currently only the tip of the iceberg, as major tech firms and corporate companies enter the crypto space. CZ also said that he is optimistic that global crypto usage will grow from 5% to 20% by 2022. DeFi had a big boom in 2021 and we will most likely witness GameFi and SocialFi seeing high interest and innovation in 2022, he said.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Launch of IdoWallet for Trading and Stake Cardano tokens. The details of the announcement made by the Idowall team are as follows. The Idowall platform allows users to manage, research and measure current and future Initial Dex Offerings (IDOs) and Token Pre-Sales in the Cardano Ecosystem.
IdoWallet will allow users to stake $WALL tokens to collect and earn more ADA, or stake ADA to earn more $WALL tokens.
What is IdoWallet: It is a proprietary application that allows users to store their private keys to send, receive and spend digital currency under the Cardano Ecosystem.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Flexa payment processor (Pure digital) has added support for the Cardano cryptocurrency ADA, bringing ADA to the network’s ever-growing list of available payment options.
Cardano ADA is now on Flexa. Flexa recently tweeted as follows: “Finally, Cardano’s local presence is live on Flexa. Now you can instantly spend your $ADA in over 40,000 locations across the US!”
In the announcement made by Flexa; SPEDN users can try instant ADA payments on the network. For example, to “enable digital currency payments for movies and more” to purchase tickets from Regal Cinemas, the American cinema chain that partnered with Flexa in late November.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
The first three phases of the Cardano roadmap, Byron, Shelley, and Goguen are now mostly deployed, enabling diverse ecosystem engagement and network growth. Major developments include full decentralization of block generation and full application coverage in Cardano, including data storage, asset creation and smart contract capabilities. Next year will take us first to Basho and then to Voltaire. Basho’s focus will be on scaling the network to billions of enterprise-level transactions, while Voltaire will focus on increased governance on the chain.
But before we look further, let’s take a look at our achievements and progress in 2021, a year of continued growth, technical innovation, community expansion and partnerships.
Reaching new milestones on the Cardano blockchain Throughout 2021, the Cardano ecosystem has reached several key milestones. These milestones have helped drive blockchain adoption and ultimately expanded our community to record numbers. Two areas in particular have made progress towards on-chain adoption and use:
Addition of Native Tokens – This new feature was enabled in March, Cardano allows trading and creation of multiple assets. As a third generation blockchain, Cardano has a unique design to have a multi-asset ledger.
Why is this important? – Cardano users can directly generate private tokens and execute transactions directly without the need for smart contracts. This offers distinct advantages for developers as it is a unified process for asset creation and management. For example, since the ledger handles all token-related functions, there is no need to create smart contracts to handle custom tokens, thus eliminating the added layer of complexity and the possibility of manual errors.
Smart Contract Capability – Alonzo Hard Fork brought programmability to Cardano in September 2021. It enabled the creation and deployment of Plutus-powered smart contracts, enabling us to prepare for our next technical era, Basho.
Why is this important? – It is now possible for developers to build decentralized applications (DApps) and decentralized finance (DeFi) use cases on the Cardano blockchain. This opened up the ecosystem to more opportunities for on-chain use.
These developments have led to rapid growth on the chain, for example we exceeded 23 million transactions in December! Community aggregators of Cardano projects estimate that there are about 274 projects currently in development or actively working on the network. These projects span a number of different industries, from insurance, payments, lending and borrowing to wallets, stablecoins, decentralized finance and decentralized exchanges.
Additionally, Cardano currently has more than 2.5 million native assets, of which more than 2 million are Fungible Tokens (NFTs).
There are many other success moments, some of which we highlight in the timeline below.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
At the Cardano Foundation, we want to empower the architects of the future. What better way to do this than by partnering with an organization that celebrates young leaders making a difference.
Our latest partner, Eco-Age, is a pioneering sustainability consulting agency spearheading the Renaissance Awards. Hosting the opening ceremony this October, the awards were split into four categories: environmentally reparative, socially equitable, economically inclusive, and technologically balanced. The recipients of the Renaissance Awards are activists from around the world who take action and proactively create solutions for the future we need. As part of the Renaissance Awards, Eco-Age decided to replace the physical figurines of mainstream award shows with non-replaceable tokens (NFTs) and chose Cardano’s blockchain for this innovative move.
Chosen by Eco-Age for its low-energy Proof of Stake consensus mechanism, Cardano blockchain was used to print 13 unique digital artworks. The digital art is based on five famous artworks by 16th-century artists, including Agnolo Bronzino, Giorgio Vasari and Cristofano Gherardi in Florence’s Palazzo Vecchio. As an added nod to a circular more sustainable economy, if a prize winner decides to sell their NFT, they will receive 100% of the profits, and a Cardano proof-of-stake smart contract will enable them to receive 50% of royalties from each future resale of Tokhun. . Marketplace forever.
Livia Firth, creative director and co-founder of Eco-Age, said: “Recipients of these groundbreaking awards will have the potential to benefit not just from one sale, but from every sale of future Renaissance Awards NFTs – now think about what. can help fund their work to make our world a healthier and happier place.
In the sixteenth century, young Renaissance artists transformed society and shaped the modern world. Today, once again, we see new young leaders delivering both social and environmental justice. We wanted to get to know these entrepreneurs and campaigners with more than just a trophy. By creating NFTs from Renaissance masterpieces, we show how the blockchain industry can be used to promote social good.”
Cardano Foundation CEO, Frederik Gregaard, concluded: “At the Cardano Foundation, we want to empower the architects of the future. The Renaissance Awards do just that, recognizing the incredible achievements of young activists with this unique NFT award. There’s so much potential in NFTs and we’re currently seeing exploration of what’s possible. It is extraordinary to think that the work of the Renaissance masters supported the rising activists through the youth activism renaissance.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
