Crypto Asia Updates📢

To dodge crypto tax, Indian users take global exchange route. 💱 India’s tax on cryptocurrency transactions is becoming a boon for international exchanges, as users transact in overseas exchanges to avoid paying the 1% TDS imposed in July. Among the beneficiaries: International platforms such as Binance and KuCoin https://www.livemint.com/market/cryptocurrency/crypto-users-tap-global-exchanges-to-skip-tax-11661192586226.html About Us ⤵️ https://digitalcryptonetworks.com/

Hodlnaut Is Latest Asian Crypto Lender to Halt Withdrawals Hodlnaut, a cryptocurrency lender operating in Asia, halted customer withdrawals, making it the latest company in the digital-assets sector to succumb to the recent collapse in token prices. In a statement on Monday the company announced that it was “halting withdrawals, token swaps and deposits with immediate effect” due to “recent market conditions.” Hodlnaut also said it had withdrawn its license application with Singapore’s central bank. https://www.bloomberg.com/news/articles/2022-08-08/asian-crypto-lender-hodlnaut-halts-withdrawals About Us ⤵️ https://digitalcryptonetworks.com/

Samsung partners with Theta Labs for upcoming Galaxy NFT ecosystem. Theta Networks will issue Galaxy NFTs as part of new drive to offer Samsung users an innovative consumer experience, including access to virtual events via ThetaPass. Samsung Electronics has signed a memorandum of understanding (MOU) with partners, including Theta Labs, to operate an NFT ecosystem for its new range of Galaxy mobile phones. https://cryptoslate.com/samsung-partners-with-theta-labs-for-upcoming-galaxy-nft-ecosystem/ About Us ⤵️ https://digitalcryptonetworks.com/

WazirX vs Binance: Clash over ownership row has users worried❗️ The spat came right after The Directorate of Enforcement (ED) had frozen bank balances to the tune of Rs 64.67 crore of the directors of Zanmai Lab Private Limited, which owns the popular cryptocurrency exchange WazirX. Binance has removed off-chain crypto transfers to WazirX which was a popular feature among its users. Binance CEO Chnagpeng Zhao also tweeted that "If you have funds on WazirX, you should transfer it to Binance." https://www.indiatoday.in/cryptocurrency/story/wazirx-vs-binance-ownership-spat-leaves-its-users-confused-1985150-2022-08-08 About Us ⤵️ https://digitalcryptonetworks.com/

India freezes assets of Binance-linked WazirX. India's financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world's largest digital currency exchange Binance, as part of its investigation into suspected violation of foreign exchange regulations. https://www.reuters.com/business/future-of-money/ About Us ⤵️ https://digitalcryptonetworks.com/

Starbucks to unveil its web3-based rewards program next month. Starbucks will unveil its web3 initiative, which includes coffee-themed NFTs, at next month’s Investor Day event. The company earlier this year announced its plans to enter the web3 space, noting its NFTs wouldn’t just serve as digital collectibles, but would provide their owners with access to exclusive content and other perks. https://techcrunch.com/2022/08/03/starbucks-to-unveil-its-web3-based-rewards-program-next-month/ About Us ⤵️ https://digitalcryptonetworks.com/

Cardano Outpacing Crypto Majors As ADA Reigns As The Most Developed Cryptocurrency Cardano positions itself as the most developed chain 🚀 A Santiment chart providing research results based on tracking development activity on GitHub associated with different crypto projects in the industry was just recently revealed. According to the chart, Cardano (ADA) tops the list with a 402.05 development activity mark. https://zycrypto.com/cardano-outpacing-crypto-majors-as-ada-reigns-as-the-most-developed-cryptocurrency/ About Us ⤵️ https://digitalcryptonetworks.com/

India to launch it's first international gold exchange. 🔝 Prime Minister Narendra Modi on Friday, July 29, 2022 will launch India's first International Bullion Exchange - International Bullion Exchange (IIBX) - in the GIFT city (Gujarat International Finance Tec-City), along with several other projects. What traders need to know❓🔻 https://www.livemint.com/news/india/pm-narendra-modi-to-launch-india-s-first-international-gold-exchange-what-traders-need-to-know-11659065383859.html About Us ⤵️ https://digitalcryptonetworks.com/

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Web3 domain provider Unstoppable Domains raises $65 million, becomes newest crypto unicorn. 🦄 Unstoppable Domains raised $65 million in a funding round led by Pantera Capital, to scale its domain services as Founder projects a billion people will own at least one NFT domain in the next 5 years. 📊 Web3 domain name provider, Unstoppable Domain has reached a $1 billion valuation after it closed a $65 million series A funding round led by Pantera Capital. Speaking on the investment, Panthera Capital Partner Paul Veradittakit said: - "Unstoppable Domains is rapidly defining a new category of decentralized identity that will change the internet as we know it. We’re proud to back Matt and the rest of the team who are making this vision a reality.” https://cryptoslate.com/web3-domain-provider-unstoppable-domains-raises-65-million-to-reach-1-billion-valuation/ About Us ⤵️ https://digitalcryptonetworks.com/