Simply Crypto - Revolution Ahead

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Simply Crypto - Revolution Ahead

All about the world of Cryptocurrency and Blockchain
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06/03/2022

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10/02/2022

A cafe in northeast Thailand has become home to cryptocurrency traders, adding banks of screens showing the latest market moves and dishing out investment advice alongside coffee and cake.

Behind a calm exterior of cherry blossom trees, customers of HIP Coffee & Restaurant stare at their laptops, supping nervously on iced coffee - part of a surging interest in digital assets in Thailand that has regulators worried.

"It's exciting for me to be here because I get to meet people who share the same interests," said Detnarong Satianphut, a 35-year-old crypto trader.

"We (traders) get to exchange information because in the trading world we are coming up against millions of people."

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09/02/2022

While the internet and the tech sector continues to boom, businesses face an imminent threat of data vulnerability. To combat online threats and data security, many organizations rely upon cybersecurity experts. Facilitating complete security solutions in the digital space, entrepreneur Manan Shah’s company Avalance Global Solutions is one of the leading names amongst others.

Established in 2015, Avalance Global Solutions holds a successful track record of providing cybersecurity solutions to the global giants of the world. The organization’s products and services have been leveraged by prominent and well-established entities including Meta (formerly known as Facebook Inc.), Dubai Police, Pepsico, ICICI Bank, Emirates NBD, Government of Dubai, Godrej, Reliance, Tata, Oyo, Zomato and HUL. Through his knowledge, skills, and expertise, Manan Shah has remarkably contributed and played a pivotal role in making the online ecosystem a secure place for big corporations.

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08/02/2022

Coachella, the Indio, Calif., music festival, has become the latest entity to release its own non-fungible token (NFT) collection.

Coachella’s pitch to potential bidders? Buy one of 10 “Coachella Keys” and receive a lifetime pass to the festival.

Festival organizers have partnered with cryptocurrency exchange FTX to auction its debut NFT collection on its own marketplace, which is minted on the Solana blockchain. Bidding will open on Friday; no minimum bid was disclosed.

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08/02/2022

Google might be gearing up to embrace blockchain technology. The company has reportedly set up a new unit that will look into the viability of blockchain technology across verticals. From what is known so far, Google wants to make headway in distributed computing as well as data storage technologies with this move.

The pursuit of blockchain technology is neither unfounded nor exclusive to Google. Technology firms are lining up to adopt blockchain for a plethora of tasks they see fit in their space. Google's plans in this direction have been made public in a recent Bloomberg report that cites an internal email accessed by the publication. The email mentions a new division that will work on blockchain and related technology.

Though we can connect the dots to make an educated guess. Only recently, Google revealed that it is watching the cryptocurrency space attentively. The potential idea is to offer crypto services through its payment portal Google Pay.

01/02/2022

In her Budget Speech 2022, Finance Minister Nirmala Sitharaman said 30% tax would charged on income from transfer of virtual digital assets. She further said no set off will be allowed in case of losses. Also, gifts in virtual digital assets would be taxed in the hands of the receipient.

The Finance Minister also said that by 2023, a Blockchain-based and RBI-backed Central Bank Digital Currency (CBDC) will be introduced.

Ahead of the Budget, Cryptocurrency experts and investors were expecting clarity on taxation of gains from crypto assets in Budget 2022. Some experts believed that Finance Minister Nirmala Sitharaman may not touch upon the cryptocurrency issue directly in her Budget Speech 2022. However, some announcements related to crypto tax were expected to be made by the Finance Minister.

01/02/2022

Mark Zuckerberg's ambitious cryptocurrency project that he planned to build on his own is now falling apart. Amid growing pressure from regulators, the controversial project, that the founder of Meta once defended in front of Congress, is reportedly for sale. According to international reports, the Diem Association, backed by Meta, is now in plans to sell its assets as a way to return capital to its investor members. The project was once seen as a major part of the metaverse vision put forth by Zuckerberg.

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29/01/2022

follow Simply crypto]]] for more daily Cryptocurrency content 🧠
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☀️Always try to learn something new every day!
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