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What you can’t afford to miss in today’s crypto news
The most important crypto news of the day: must-see updates for astute investors and crypto fans
As the world of cryptocurrency is constantly evolving, stay updated on the latest news. Cryptocurrency investors you can gain guidance in an ever-changing industry by following Cryptocurrency News. All interested parties find the cryptocurrency intriguing environment due to the emergence of NFTsor non-fungible tokens. Here are some pieces cryptocurrency news you should be aware of:
The two multimillion-dollar planes owned by Sam Bankman-Fried could be seized by the Department of Justice. An expensive misstep!
Sam Bankman-Fried’s two multimillion-dollar jets could be seized by the Justice Department. A costly mistake! According to this story, Sam Bankman-Fried, founder and CEO of FTX, a well-known cryptocurrency exchange, owns two private planes against which the US Department of Justice (DOJ) has filed a civil forfeiture action. According to the Department of Justice, money obtained through illicit means, including money laundering, fraud and tax evasion, was used to purchase the planes. The report also touches on how this lawsuit would affect Bankman-Fried’s image and the cryptocurrency industry.
The unmissable Crypto Triple Play, including a new crypto that could increase 10x:
The three cryptocurrency projects Shuffle, Calestia and Robots Farm are featured in this news and have the potential to provide investors with large profits. A new blockchain casino called Shuffle is expected to have a high token probability in the future. The $TIA token, which can be used for staking, rewards and governance, is currently distributed by Celestia. On the zkSync network, an Ethereum layer-2 scaling solution, there is a phenomenon known as Robots Farm.
The NFT collection based on the Invisible Friends characters:
The news highlights a brand new collection of non-fungible tokens (NFTs) called Invisible Friends, which features 10,000 distinct characters randomly created by artificial intelligence. The goal of the collection is to build a community of enthusiasts and collectors who can communicate with their invisible friends and learn about their backgrounds and personalities. 10% of sales will go to charities that support mental health, so the collection also has a social impact.
As of April 2022, you can’t afford to lose money on cryptocurrencies:
The Indian government has suggested a flat tax rate of 30% on profits from transferring Bitcoin and other virtual digital assets, so you cannot afford to lose money in cryptocurrencies starting April 2022. This implies that although you will not be able to transfer or offset your losses against your gains, you will still have to pay taxes on your gains. As a result, cryptocurrency investors and traders may face significant tax liabilities, particularly in the event of market volatility and unpredictability.