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Cryptocurrency Regulations: Australia

Australia was one of the countries that placed progressive outlook on Cryptocurrencies. Australia’s crypto regulatory framework came into existence in 2017, particularly specifying Bitcoin to be treated as property subjecting to capital tax gains. Previously, there was controversial double taxation under Australia’s goods and services tax (GST), which was quickly replaced by the progressive outlook. …

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QUAD: Right Platform for Global Crypto Regulations?

During the recently concluded QUAD (Quadrilateral Security Dialogue) summit in Tokyo, QUAD members – India, Japan, Australia and USA have resolved to invest $50 billion in the next 5 years on various infrastructure projects particularly in Indo-Pacific to bring out developmental benefits for the region. During the summit, members mapped out and vowed to resolve …

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Why Is This Crypto Winter Different From Past Ones?

The crypto traders and investors have been seeing crypto winter and majority of them are seeing it for the first time, but this one is different from the past ones… Why?  Because of the web3 ecosystem where Buidlers have been developing the next version of the internet which’s more distributed and democratic in nature. Meanwhile …

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Over 95% of crypto-associated frauds are off-chain

WazirX launches its 2nd edition of Transparency Report ● Over 95% of crypto-associated frauds are based outside of the Blockchain ecosystem ● Records 100% compliance on law enforcement requests; average TAT at 22 minutes ● 17,218 accounts were locked during the period, indicating a 19% increase from April – September, 2021 period 17 May, 2022, …

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Blockchain: Building Unified Supply Chain

The recent Suez Canal blockage by one large container ship, caused holding up an estimated $9.6 Billion worth of goods each day. This readily shows up how important the smooth functioning of the global supply chain is, and slight disruption in this mechanism can have global trade effects. Diagnosing the current supply chain will give us …

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Blockchain to Improve Public Distribution System in India

Subsidized rationing or Public Distribution System (PDS) forms the core of survival for many families. The manual ration distribution mechanism had some flaws which doesn’t guaranteed access of ration to beneficiaries, while ensuring lack of transparency & grievance redressal mechanism and leakages in supply chain of food grains in-turn maximizing loss to public exchequers. Digitization …

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Crypto Industry: A Boon to Clean Energy Adoption 

The share of clean energy usage when it comes to crypto mining centres is higher than mainstream enterprises where oil and coal-generated power still dominates.  In the meantime, usage of clean energy in crypto mining jumped by 56% in the second quarter of 2021, as per Bitcoin Mining Council. Bitcoin mining companies consume only 0.1% …

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Crypto Capital as a New Investment Mechanism

17 of the 20 largest venture capitals (VCs) in the world (In terms of their assets under management) have already invested in blockchain startups, according to Block Data.

For example, Bit2Me, a Spain-based crypto project raised as much as $30 million during Stage 1 in less than one minute early this month. While raising funds from traditional investors or venture capitalists takes months.

Are Decentralised Exchanges the Future?

11,750 Coins. 405 exchanges. Market cap of $2,273,574,160,848. That is the size of the cryptocurrency market. While Bitcoin started it all, there are many coins and protocols which have come up over the years which have scaled the market further. Most of these tokens are being traded on centralised exchanges situated across the world. There …

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