Regulatory uncertainty over crypto mining in Russia needs to be resolved as soon as possible, a Russian energy minister said recently. Deputy Minister of Energy Evgeny Grabchak called on the government to legalize the space, citing extreme economic pressure on the country.
An Indian parliament member has warned that imposing a 1% tax deducted at source (TDS) on every crypto transaction will kill the nascent asset class. This tax provision is contained in Finance Bill 2022 which Lok Sabha, the lower house of India’s parliament, has passed. However, India’s finance minister insists that the TDS on crypto transactions is for tracking purposes.
Polkadot price analysis for March 28, 2022, confirms that the token has turned things around with the onset of a bullish trend in the atmosphere. Moreover, the chances of DOT reclaiming the $25 price level are high as DOT has broken above the $22 price level. As noted in our DOT price analysis for March 25, $21 has turned into important support for DOT.
The accelerated growth of crypto adoption is inevitably associated with the need to find new ways of using digital assets, and while there undoubtedly will be early adopters, the ecosystem involves lots of learning, especially if you’re a novice.
The largest cryptocurrency by market capitalization shot past $46,800, rising more than 4% over a two-hour period to reach a three-month high. Bitcoin has gained over 12% since last Sunday after climbing six consecutive days, although it remains off its $47,740 starting point in 2022.
Two U.S. senators are working on a bipartisan, broad-based regulatory framework for cryptocurrency. “The work we’re doing is going to be a very complex and intensive review of the different aspects of this industry,” said one of the senators.
Tesla and Spacex CEO Elon Musk says that he is “giving serious thought to” creating a new social media platform with free speech as a top priority. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” the Tesla billionaire said.
The entry of ApeCoin [APE] and its airdrop blew the crypto-stories of the day right out of the water as the new ERC-20 token basked in its moment of fame and adulation. While every crypto-trader worth their salt has heard of the Bored Ape Yacht Club, APE opened up a new world of possibilities.