Barring the US dollar-pegged USD Coin, all of the other nine out of the top-10 digital tokens were trading higher during the trade. Terra and Solana zoomed up to 7 per cent, followed by Ethereum which posted decent gains. The global crypto market cap added more than a per cent to $1.78 trillion. However, the total crypto market volume dipped almost 3 per cent to $65.48 billion.
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Sunny Leone took the lead among Indian actors to secure her digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to mint NFTs
View Details »What's Cooking in IndiaIndian crypto investors were a worried lot after the government announced a tax rate of 30% on the transfer of cryptocurrencies at a time when most of them have seen their portfolios slip into red due to the recent crypto meltdown. Crypto or digital currencies are the latest fad across the world and India will next fiscal, beginning April 1, have its own version of the same which essentially would mirror the prevalent physical currency in digital form.Expert Take«India moves closer to legalizing cryptocurrency. The honourable FM in her budget speech has proposed taxation rules on virtual digital assets. This is clearly an endorsement that India has accepted crypto and it is here to stay,» said WazirX Trade Desk. Despite mounting concerns about a future cryptocurrency market slump, leading sector businesses such as FTX continue to gain traction by receiving hundreds of millions in new capital, it said, adding that with more regulatory permissions and licenses, the new round will enable the firm to continue developing new products and grow its worldwide footprint.Global Updates
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