At the moment, every economy in the world is developing unique crypto legislation that substantially differ from one another. As a capital asset that must be taxed by the recipient on both short- and long-term capital gains, cryptocurrency has long been acknowledged on a global scale. Surprisingly, this implies that if no gains are reported, there is no tax liability. The purchase and simple retention of these assets in these economies will then be free of taxes. Furthermore, it appears that tax laws in affluent nations like the US are significantly more complicated than the crypto tax imposed on revenues over 30% in India.

According to Avinash Shekhar, CEO of ZebPay, in the event of a bitcoin financial transaction, the buyer would need to hide this information while integrating news providers with Coingabbar.
Read Is Set-off from crypto for a taxation guide on cryptocurrencies and to learn everything there is to know about crypto taxes in India and their effects.

Although we are unsure of what the future holds for cryptocurrencies, we can be sure that they will explode and result in significant capital gains. when conducting a cryptocurrency market analysis.
This post will explain the TDS that is relevant to cryptocurrency income in India.

What does 1% TDS on each cryptocurrency mean?
The Union budget for 2022 included an implied 30 percent tax on all virtual (Crypto) assets, including cryptocurrency. Those who would get these crypto assets as gifts must also pay for this. Everyone will be responsible for paying the tax on any income derived from capital gains from the transfer of Crypto assets within the established criteria. No cost deductions other than the cost of acquisition is another important element. Then, any costs such as transaction fees or mining costs won't be tax deductible.

The 1 percent deductible tax will be paid in addition to the income tax, which is 30 percent of total cryptocurrency revenues.
According to updated income tax legislation, payments made in connection with the transfer of virtual digital assets would be subject to a 1% TDS starting on July 1, 2022. The Income Tax Department of India imposes this TDS, which may be reclaimed from the government while submitting taxes.
To comply with this, on or before July 1, 2022, all users must successfully complete their KYC procedure in order to conduct any transaction (Buy/Sell) on CoinDCX. To prevent any delays, we strongly advise that you complete your KYC well in advance. TDS Crypto Calculation Here provided by the Indian government.
 
Let's put this into clearer language:

Your entire cryptocurrency trading income will be subject to a 30% tax rate. This is regardless of any additional income from other sources, whether or not it is taxable. Therefore, the basic tax slab that exempts income up to 2.50 lakhs from paying tax does not apply here. To put it another way, you pay taxes based on your income. Even if your only income for the year was $10,000 from cryptocurrency. On that, you pay taxes at a rate of 30%. Students or other non-earning individuals who just invest in cryptocurrency for enjoyment and the occasional side income as pocket money may take this as a major blow.

The Set Off of Losses Against Income from Other Heads will not be Beneficial to You. Additionally, Crypto losses won't be able to be offset by earnings in other areas. Therefore, even if you make a company loss of Rs. 200000 while earning Rs. 50,000 through cryptocurrency investments, you still have to pay tax at a rate of 30% on that amount.

Cryptocurrency losses cannot be carried forward. In other words, if you make money in cryptocurrency in a given year, you pay taxes, but if you lose money, there is no way to get your money back.

source;- coingabbar

SHIB सहित कई क्रिप्टो करेंसी को अब अमेरिका और ब्राजील में फैले 6000 कॉइन क्लाउड ATM पर भेजा और एक्सचेंज(स्वैप) किया जा सकता है।

Shiba Inu को लंबे समय से Doge किलर के रूप में जाना जाता है। भले ही यह अभी तक इस लक्ष्य में सफल नहीं हुआ है, फिर भी कॉइन ने एक बड़े स्तर पर प्रशंसक प्राप्त किये है। वर्तमान में, अमेरिका और यूरोप में बहुत सारे व्यवसाय shiba inu को पेमेंट के रूप में स्वीकार कर रहे हैं।

कंपनी ने अब एक नया गैर-कस्टोडियल मोबाइल वॉलेट जारी किया है, जिससे यूज़र कॉइन क्लाउड-मैनेज्ड क्रिप्टो करेंसी ATM पर मेम कॉइन भेज और बेच सकते हैं। ग्राहक वॉलेट का उपयोग करके डिजिटल एसेट या क्रिप्टो करेंसी को खरीद, ट्रेड और यहां तक कि स्टोर भी कर सकते हैं।

Shiba Inu को अक्टूबर 2021 में कॉइन क्लाउड के ATM में जोड़ा गया, जिससे SHIB 6,000 से अधिक ATM में उपलब्ध हो गया है। अपडेट की गई सुविधा के साथ, अब कॉइन क्लाउड पर किसी भी डिजिटल करेंसी को खरीदना, बेचना और स्टोर करना संभव है।

यह SHIB को कैसे प्रभावित करेगा?
नई वॉलेट सुविधा जो SHIB की खरीदी, बिक्री और स्वैपिंग की अनुमति देती हैं, जो इसकी लोकप्रियता को बढ़ाएगी।

इसके अलावा, Shiba Inu अब एक मीम कॉइन की वर्तमान स्थिति से एक यूटिलिटी टोकन बनता जा रहा है| जैसे-जैसे अधिक लोग स्वैपिंग के माध्यम से कॉइन के संपर्क में आएँगे, वैसे-वैसे करेंसी की कीमत में उछाल आएगी।

CoinGabbar के आंकड़ों के अनुसार, Shiba Inu वर्तमान में $0.0000106 पर कारोबार कर रहा है, जो पिछले 24 घंटों में 1.2 प्रतिशत कम है।

Blockchain technology and cryptocurrencies are well known for their decentralized nature and the security they offer. Blockchain technology maintains a distributed ledger that enables users to create a user-centric, decentralized environment that they control.
The blockchain has the potential to build a user-governed utopia that is uncontrollable by a single entity. If used carefully, this technology can be a potent tool, but when used solely, blockchain has many drawbacks.
Despite the fact that blockchain is a decentralized and safe concept in terms of algorithms, in practice, security is the main worry. For instance, if hacked, a DeFi DApp is vulnerable to an infinite minting attack. Similar to this, a wallet is vulnerable to numerous attacks if a user engages with a malicious website or merely clicks on a misleading online advertisement. Security is therefore the main issue in the upcoming fintech industry. here comes cryptography.

What is cryptography.
equivalent of anonymous Literally, cryptography is "secret writing." In essence, cryptography is a collection of codes or encryption that enables data encoding between people, particularly when interacting with third-party platforms. It is primarily used to protect sensitive information from being viewed by malicious parties as it travels across the internet. With the help of cryptography, it is possible to conceal anything, including nuclear codes and text messages to friends.
Depending on the requirements of the system, a cryptographic algorithm may work in a variety of ways, such as by giving the date a hash value or by merely obscuring it. Although the origins of cryptography can be traced to ten BC, cryptography has been utilised in almost all significant global events; it has straight-up military use cases to basic use cases like securing a phone call.
 In the crypto space, cryptographic technology is a flexible technology with many applications. Several of the most typical use cases include:

transparently securing and verifying the transactions on a specific network.ensuring that there has been no mistreatment of the protocol in any way.
Securing the minting, or producing new money, objects, etc.
Verification of digital asset transfers, such as those involving cryptocurrency and NFTs, etc.
workings of cryptography
As we already mentioned, there are numerous approaches that can be taken when it comes to applying cryptography to a piece of data. The Caeser cypher was one of the most basic types of cryptography before it was connected to modern technology. Caesar cypher, in which the letters are simply shifted in proportion to the key number, was used to send crucial private messages to peers. For instance, the word "CRYPTOCURRENCY" will be written as "PELCGBPHEERAPL" if the key value is 13. This demonstration is a very basic illustration of cryptography that Julias Caeser himself once employed.

But as the computing power of digital systems has increased, the complexity of such algorithms has multiplied in modern times. One of the most crucial aspects of contemporary cryptography is encryption, which turns data (known as plain text) into cypher text that can be decoded by the owner of the private key, who then turns the cypher text back into plain text so the user can read it. These encryption keys ensure that only the parties involved receive the unaltered message; in theory, they render a piece of data or a transaction unreadable to the outside world.
Since it takes incredible mathematical skill to perform this task, sensitive data in the modern world is assigned cryptography by extremely powerful computers. However complex the system, the fundamental idea is always the same: conceal the true meaning of the plain text and make sure that only the person concerned has the permission to decipher it. Cryptocurrencies have found many tools developed by cryptography to be extremely useful.

Conclusion
Since its inception, the ideas of cryptography and encryption have been developing. The foundation of the system created by blockchain and cryptocurrencies, cryptography, is undervalued. With the growth of digital currencies, developers may soon accomplish some amazing feats in the field of cryptography.

With two successive taxes ready to eat away at their holdings in the midst of a ruthless bear market, it appears that the majority of Indian investors have made the decision to hibernate.

An example of what anti-crypto policies might do to a growing economy is India. In response to the implementation of India's second crypto law, which imposes a 1 percent tax deduction at source (TDS) on every cryptocurrency transaction, WazirX research shows a change in investor sentiment, which is consistent with the sharp decline in trading volumes across all Indian crypto exchanges.

Trading volumes on Indian cryptocurrency exchanges have eventually decreased by 90% since the country introduced a rule that would tax investors 30% on unrealized gains. With two successive taxes ready to eat away at their holdings in the midst of a ruthless bear market, it appears that the majority of Indian investors have made the decision to hibernate.

Popular Indian cryptocurrency exchanges WazirX and Zebpay surveyed nearly 9,000 active traders in the region to better understand investor sentiment. Unsurprisingly, the survey revealed that 83% of traders had to reduce their trading frequency as a result of TDS deductions.

Another way for investors in India to avoid paying TDS was to sell their interests before the tax became a legal requirement. Before April 1st, more than 25% of investors, the majority of whom were millennials, sold 50% or less of their holdings, as opposed to the 55% who sold less than 10%. Rajagopal Menon, vice president of WazirX, made the following comment regarding the survey's findings: "The results indicated the need to change a few things in order to encourage the rise of cryptocurrency investors in the country, which will lead to economic prosperity." The tax structure must be fair if trading volumes are to increase and participation is to be encouraged.

Indian investors are turning to international exchanges as a safety net due to the risks of trading on exchanges without KYC requirements and with little to no regulation.

While India's crypto tax policy is a positive step, some aspects need to be reexamined to improve the regulatory environment for all industry participants and, ultimately, strengthen the country's economy.

Bollywood star Salman Khan launched the GARI token, whose value gone down 83 percent in a matter of hours on Monday. Despite the fact that GARI Network dismissed the price decline as a "market event," investors suspected a rug pull incident.

Around 2,300 investors, or 24 percent of the total, said they were considering using foreign cryptocurrency exchanges to test out their services in order to avoid paying TDS during trade cycles, and 29% admitted that they had significantly reduced their trading activity.

source:- coingabbar . com

The Avalanche price could range between $15 and $20 in the upcoming weeks. The Avalanche could reach $30 if the bulls gain control of the market. However, the price could increase due to the numerous Avalanche developments. The cost of Avalanche could increase if the team adds more products to the network.

How far Avalanche deviates from its current $17 stability point will depend on a variety of factors. Avalanche is still a very strong coin to watch this year despite this. On the other hand, the Avalanche's price performance is very reliant on the level of inflation. The price of the avalanche could decrease even further if the FED increases interest rates. This is because the bearish market has overwhelmed the Avalanche ecosystem.
As a result, the price of Avalanche continues to fluctuate.

In the event of a crypto broker default, AVAX's price would immediately drop to $9.29. Investors will quickly withdraw their funds, but they will have trouble getting cash because there is less buy-volume because households have less disposable income to invest in that asset class. In order to fill their sell orders, investors will therefore start to sell below the current price, setting off a spiral move that could easily break below the monthly S1 and even enter the danger zone near $0.

source :- coingabbar . com

 SOLANA experienced a 100-fold increase in value between November 2020 and November 2021, making it a popular growth story. Then, after a short period of time, it had fallen by more than 85% from its peak. Two network outages that Solana experienced in May and June added to the downward pressure already felt in the markets for cryptocurrencies and stocks.

Solana (SOL) has been trading just below the 20-day EMA ($35) for the past few days, but the bears have not been able to profit from this weakness. This suggests that at lower levels, there aren't many sellers.
The buyers will now attempt to push the price above the 20-day EMA. If they are successful, the SOL/USDT pair may rise to the 50-day SMA ($40). If this barrier is broken and closed above, the windows could open for a potential rally to the psychological level at $50.

On the other hand, if the price moves away from the moving averages, it might indicate that traders are still selling during minor rallies and that the market sentiment is still bearish. The bears will then drag the pair below $30. If they do that, the pair might fall to $27 and then to $25.