Indian Crypto Regulation Is Planned for February: Report 

The Indian government is planning to introduce crypto regulation in February next year, local news outlet Business Today reported, elaborating:The Budget 2022-23 is expected to be presented on February 1 during the first half of the parliament’s Budget session, which usually begins in the last week of January.Furthermore, the news outlet conveyed that the government is likely to regulate cryptocurrencies as an asset class, similar to how commodities are regulated, with appropriate taxation on transactions and gains. Indian crypto regulation is planned for February. In June, the government reportedly said that the Securities and Exchange Board of India (SEBI) would oversee regulations for the cryptocurrency sector after crypto is classified as an asset class.Another official told the publication that officials from the Finance Ministry and the Reserve Bank of India (RBI) are fine-tuning the regulatory framework for crypto. However, the central bank recently said it still has “serious concerns” about cryptocurrency.

Will Shiba Inu turn the numero uno meme coin despite Musk’s cold shoulder?

Despite a cold shoulder from Elon Musk, the richest person on the planet, meme cryptocurrency Shiba Inu continues to thrive higher with a spectacular rally.The meme token has soared over 35% in the last 24 hours and has doubled investors’ wealth in the last week. The recent run of Shiba Inu has crowned it as the 11th largest cryptocurrency as per Coinmarketcap.com.The Last run in Shiba Inu is more mind-boggling for the crypto enthusiast as Tesla boss Musk had snubbed the meme token. The mercurial technocrat said that he doesn’t own any Shiba Inu Tokens.

Bitcoin Price Holds Above $59,000 As Bulls Plan Final Rally To $70,000

Bitcoin Price resumes its ascent above $62,000, as bulls anticipate further record highs. Aside from a sell signal from the MACD, the short-term technical picture for BTC appears to be good. Bitcoin price just reached a new all-time high as a result of the anticipation around the approval of the first BTC futures ETF.

Dogecoin (DOGE) gains 8% after Elon Musk refers to it as the “People’s Cryptocurrency.”



While the broader cryptocurrency market has entered a period of significant consolidation; mem crypto Dogecoin(DOGE) has made a strong surge after Elon Musk; referred to it as the “people’s cryptocurrency.” Musk recently stated why he supports DOGE after referring to it as “people’s crypto” in a Tweet response.

Ethereum may reach $12,000 before the end of this cycle

Justin Bennett is one of the analysts who believe Ethereum(ETH) has a particularly bright future. In the 96th issue of his newsletter, Bennett presented a technical analysis. Ethereum may reach $12,000 before the end of this cycle. With ETH hitting the $4,000 mark this week, all bets appear to be off as to where the digital asset's price will finish up.

According to the CEO of the Cardano (ADA) Foundation, arriving late to the smart contract party is an advantage

Frederik Gregaard criticised the concept that Cardano (ADA) is on the back foot, despite the fact that smart contracts were launched only five weeks ago. The CEO of the Cardano Foundation noted that, rather than being a hindrance, he believes this puts the project in a far stronger position because the infrastructure laid to get to this point ensures permanence.

Bitcoin rallied to a record, topping $66,000 for the first time as optimism surged for greater mainstream acceptance in the wake of the successful launch of the inaugural exchange-traded fund for U.S. investors.

Bitcoin rallied to a record, topping $66,000 for the first time as optimism surged for greater mainstream acceptance in the wake of the successful launch of the inaugural exchange-traded fund for U.S. investors.  While the historically volatile digital currency spent recent days hovering in a narrow range as it approached its previous April high, the vault past the threshold happened much faster: The price added more than a thousand dollars in a minute just after the open of stock exchanges in the U.S. Big moves tied to significant chart levels have been a common phenomenon in the little more than a decade history of cryptocurrency trading.

Novi Wallet with Paxos Stablecoin is now available on Facebook

Facebook has introduced its Novi wallet to a small number of users in the United States and Guatemala. Initially, the Novi wallet will utilise Paxos' USDP stable coin rather than its own native Diem currency. Novi is now available to the general public for the first time.

NBA Top Shot NFTs Gain Popularity Before the 2022 Season Starts

According to DappRadar, the 7-day sales volume for NBA Top Shot NFTs has increased by 96.7%. Simultaneously, the number of active wallets engaging with the platform has grown by 13%. As the platform's sales volume and interactions increased, so did the average price of NFTs. 

The founder of Polkadot (DOT) has announced a $774 million development fund for DeFi

Gavin Wood promised $774 million available to be spent on creative ideas following the DOT rally last week, which was fueled by the revelation of Polkadot(DOT) highly anticipated para chain auctions. Wood posted on Twitter, encouraging DOT holders to submit ideas for expanding the network’s reach.

If Ethereum manages to break through this barrier, it might experience a significant increase



In terms of the US Dollar, Ethereum(ETH) was maintained above the $3,650 level. To go higher in the short term, ETH must break over the $3,850 and $3,900 resistance levels. Ethereum has begun a new uptrend over the $3,700 and $3,750 resistance levels. The price is presently trading over $3,800 as well as the 100 hourly simple moving average.

El Salvador Converting Their USD to BTC amidst Rises in Bitcoin Interest

El Salvadorans are utilising US money to purchase bitcoin as interest in the asset class grows. A month after El Salvador’s Bitcoin law went into force, interest in the cryptocurrency has continued to rise as a higher number of citizens change their USD into BTC.El Salvador’s in-house crypto wallet software – Chivo – has reported over 24,076 remittances, amounting to a huge $3,069,761.05 in a single day, according to a tweet published by the country’s president, Nayib Bukele. Furthermore, President Bukele stated that the pace at which Rises in, Salvadoran convert more of their USD to BTC is substantially higher than the rate at which they withdraw from their wallets at the approximately 200 Chivo BTC ATMs located around the nation.

Bulls Could Aim for a Larger Rally if Ethereum Sees a Key Upside



BreakEthereum(ETH) has broken over the $3,800 barrier level against the US dollar. However, the price of ETH has failed to rise beyond $3,900 and is presently consolidating gains. Ethereum has begun a new uptrend over the $3,750 and $3,800 barrier levels. The price is presently trading over $3,800 as well as the 100 hourly simple moving average.

Dips Is ETH supported?

If Ethereum fails to rise above the $3,890 and $3,910 resistance levels, it may begin a new downtrend. On the downside, an early support level is near $3,820. The first major support is presently building between $3,800 and the 100 hourly SMA. If the price falls below the $3,800 support level, it may fall even more. The next critical support level is around $3,720.

BTC’s price continues to rise to $60,000 amid a whale-buying frenzy

The Bitcoin(BTC) price begins the new week trading above $56,000, as the distance to $60,000 shrinks. BTC’s potential grows with each passing day, aided by a large collection of whales. Bitcoin finished the weekend with a spectacular move above $56,000.

Regardless of criticism, Shiba Inu may have a “message” to communicate

Shiba Inu is “pointless,” according to Michael Burry, the financier famous for correctly anticipating the 2008 U.S. financial catastrophe. Burry’s disdain for the DOGE offshoot stems from its inflationary supply. The supply of meme coins has now surpassed one quadrillion coins.

Rally of 1,000% Dogecoin is Replicating the Pattern of the April Breakout

According to a leading crypto strategist and trader; Dogecoin (DOGE) has the potential to re-ignite a run similar to its huge breakout in April. Justin Bennett tells his 73,300 Twitter followers that; the present price behavior of the leading meme cryptocurrency mimics a technical pattern last seen in DOGE six months ago; before commencing a 13x rise.

Google and Bakkt have teamed up to bring Google Pay to cryptocurrency users

Bakkt has formed another agreement to increase the number of cryptocurrency payment methods available. It's with Google Cloud this time. Bakkt, a digital asset marketplace, has teamed up with Google to make cryptocurrencies more accessible. Google and bakkt have teamed up to bring Google pay to cryptocurrency users. As a result, consumers will be able to add their Bakkt Visa Debit Card to Google Pay in the near future..

DeFi picks up the pace as alternate blockchains and NFTs boom

The cryptocurrency markets recovered handsomely from the so-called "September curse" by the end of September, reaching a market capitalization of $2.32 trillion. The decentralised finance (DeFi) market has played a key role in this expansion. According to Dappradar statistics, the total value locked (TVL) in DeFi protocols increased by more than 20% from $113.5 billion on September 28 to $137 billion on October 6.

Axie Infinity continues to show hints of a bright future after a 750% increase

Right now, Axie Infinity's native token AXS has been on a tear over the last several months. This coin is now ranked 30th on CMC after experiencing a multi-percentage increase recently. Its market capitalization has already surpassed $6.6 billion. The protocol's revenue has also skyrocketed in recent weeks.

Crypto transactions in Asia have increased 706% as institutional usage expands – Chainalysis

Emerging markets in Central and Southern Asia have seen a significant increase in crypto transactions, revealing a varied variety of incentives among locals for getting exposure to digital assets such as Bitcoin (BTC) and Ethereum(ETH). According to new statistics from blockchain analytics firm Chainalysis, crypto transactions increased 706% in Central and Southern Asia and Oceania.