Crypto News Cast 📮 10-05-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1461 B
📊24h Mcap %: 7.85%
⚠️Bitcoin Dom: 41.30%
📌Active Coins: 4532
📍24h Vol %: 63.48%
💲24h Vol: $192 B
Crypto News Updates :
- Meta Will Begin Experimenting With Digital Collectibles On Instagram
- India’s Oldest Depository, NSDL Debuts A Blockchain For Bonds
- With More Developers, The Cardano Network Has Added Over 70 Smart Contracts Weekly
- Kentucky Records The Very First Real Estate Bitcoin Purchase
- Despite Unstable Markets, Bitcoin Transactions Volume Is Increasing
- India’s Goods And Services Tax Council To Impose A 28% Tax On Bitcoin
- El Salvador Buys 500 More Bitcoins, As The Market Dips
- Utah Will Form A Task Force On Blockchain And Digital Innovation
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– Meta Will Begin Experimenting With Digital Collectibles On Instagram
According to CEO Mark Zuckerberg, Meta will begin testing digital collectibles and NFTs on Instagram this week. NFTs can now be used as profile images on Instagram by creators and collectors. Spark AR, a free studio that lets corporations and private individuals make their own filters, will soon allow creators to employ augmented reality NFTs on Instagram Stories, allowing them to insert digital art into physical homes and settings. Read Full on theblockcrypto.
– India’s Oldest Depository, NSDL Debuts A Blockchain For Bonds
India’s oldest depository, National Securities Depository Ltd. (NSDL), which controls 89 percent of the market share assessed in securities assets value, introduced a distributed ledger technology platform for the Debenture Covenant Monitoring system to improve bond monitoring. The Debenture Covenant Monitoring system’s decentralized ledger will provide an audit record of transactions between debenture trustees and issuers that is both immutable and verifiable. Read Full on Forkast.
– With More Developers, The Cardano Network Has Added Over 70 Smart Contracts Weekly
Plutus (a Cardano-based smart contract platform) has seen significant growth, with 283 new smart contracts added between April 8 and May 8. Between the two periods, Cardano had added an average of more than 70 new smart contracts per week. After expanding the total number of ADA wallet holders to 3 million in April, the network reported roughly 400 new projects built on ADA and close to 100,000 wallets in one month. Read Full on Finbold.
– Kentucky Records The Very First Real Estate Bitcoin Purchase
Louisville, Kentucky created local history by making the first bitcoin real estate purchase, which took only eight seconds with the fee at $0.70, instead of paying a wire fee of $25-$30. The property’s vendor was reportedly planning to liquidate other homes in order to invest the proceeds in bitcoin. The buyer had previously expressed interest in Bitcoin and proposed that he make the purchase using BTC. The house was purchased for $65,000. Read Full on Bitcoin Magazine.
– Despite Unstable Markets, Bitcoin Transactions Volume Is Increasing
According to data from on-chain monitoring platform Glassnode, the flagship digital asset’s transaction volume has now achieved a seven-month high of 293,520.059 BTC (based on its seven-day moving average). In the time period under consideration, $9.7 billion in Bitcoin was moved between market players. This comes as the price of Bitcoin continues to plummet, felling to a 10-month low on May 8 in the aftermath of a major stock sell-off. Read Full on Finbold.
– India’s Goods And Services Tax Council To Impose A 28% Tax On Bitcoin
At the forthcoming GST Council meeting, India’s top decision-making body on indirect taxes, officials are scheduled to look into imposing a 28 percent goods and services tax on cryptocurrency. The intended meeting’s date has yet to be confirmed or announced. However, Finance Minister Nirmala Sitharaman recommended a 30% tax on earnings from cryptocurrency and other assets in the Union Budget 2022. Read Full on Finbold.
– El Salvador Buys 500 More Bitcoins, As The Market Dips
El Salvador’s government, which was Notably the first to declare bitcoin (BTC) legal tender in the country last year, has resumed its bitcoin buying frenzy by purchasing another 500 Bitcoins for $15.3 million, according to President Bukele. El Salvador appears to have made its eleventh and largest bitcoin purchase to yet. El Salvador now have approximately 2,301 bitcoins, valued at just under $71 million. Read Full on coindesk.
– Utah Will Form A Task Force On Blockchain And Digital Innovation
Governor Spencer Cox of Utah has signed a bill to establish a Blockchain and Digital Innovation Task Force, which will advise the federal government on blockchain and related technology. Non-financial incentives for the fintech, blockchain, and digital innovation industries in the state will also be included in the recommendations. The task group will consist of 20 people with backgrounds in financial technology, cryptocurrencies, and blockchain technology.Read Full on BeInCrypto.
