New Delhi: The cryptocurrency market was trading in the green on April 4. The global cryptocurrency market capitalization saw an increase of 0.73% over the past day to stand at $2.14 trillion. The total crypto volume is currently at $94.07 billion with a decrease of 14.86% in the last 24 hours.
The total volume in DeFi is $13.72 billion today with 14.58% of the total 24-hour volume of the crypto market. The volume of all stablecoins is now $77.41 billion, which represents 82.29% of the total 24-hour volume of the crypto market.
Bitcoin is currently trading at Rs 36.03 lakh, with a dominance of 40.66%. This resulted in a 0.03% decline for the day, as reported by data from CoinMarketCap.
Around $600 million in hacks of the software underpinning the famous play-to-win game Axie Infinity is likely to alter the attitude and responsibilities of venture capitalists investing in cryptocurrencies, Animoca Brands co-founder Yat Siu said.
The security malfunction caused the hackers to steal 173,600 Ether and 25.5 million USDC tokens and highlight the obvious weakness in the so-called bridges that allowed digital tokens to be exchanged between different blockchains.
Animoca, has a variety of non-fungible token-related businesses, which is an investor in Sky Mavis, developer Axie Infinity said.
"It's a shame that maybe this had to happen to Sky Mavis for the world to take notice, but we're all being more careful," Siu said in an interview at the NFT LA conference in Los Angeles.
On the other hand, Indonesia proposes to impose a value added tax (VAT) on crypto asset transactions and an income tax on capital gains from such investments at 0.1% each, starting May 1, declared a tax official in the midst of a boom in digital technology. asset trading.
Furthermore, interest in digital assets increased in Southeast Asia's largest economy during the Covid-19 pandemic, with the number of crypto asset holders rising to 11 million by the end of 2021.
โCrypto assets will be subject to VAT because they are a product as defined by the Ministry of Commerce. They are not currency,โ the official, Hestu Yoga Saksama, told a news conference, Reuters reported.
"So we will impose income tax and VAT." The government is still working on implementing tax regulations, he added.
