A4P Chinthan

India is gearing up to regulate cryptocurrency and is asking for public input. A consultation paper by the Department of Economic Affairs is expected to be released soon.

India is getting ready to regulate cryptocurrency, and the government is taking an important step in that direction. A panel led by the Secretary of the Department of Economic Affairs (DEA) is working on a consultation paper, which is expected to be released between September and October this year
This paper will ask for input from stakeholders, including industry experts, companies, and the public, on how cryptocurrencies should be regulated in India. This move is part of the government's broader efforts to determine how digital currencies will be handled in the country.
By seeking feedback, the government aims to create rules that reflect the views of different groups and ensure that the regulation of cryptocurrencies is well-informed and effective.#BinanceLaunchpoolDOGS #CryptoMarketMoves #MtGoxRepayments

https://x.com/gchinthan/status/1812152023778746515?t=eEuVXep-EiaoadeMdh5g3w&s=19

Dear MARBLERS,
Celebrating our recent partnership, Batching.ai is hosting a new set of events.
Two separate events will be held at Batching.ai’s Discord and Gleam channel.
Don’t miss out on the generous prize pools and explore a brand new way to utilize your Lunar Animals!
Please refer to the event details below.
◆ Event 1: Special event for Lunar Animals holders
This event offers a special benefit for Lunar Animals holders.
Verify that you are a holder at Batching.ai Discord to earn bonus points and NFTs!
■ Event period
April 24th — May 1st 16:00 (UTC+9)
■ Prize pool
+500 pBAT (airdrop points for earning BATCH tokens) for all holders10× Ticket Puzzles each for 20 random winners
■ How to participate
1. Join Batching.ai Discord
2. Go through the server’s verification process.
3. Find the collaboration event channel under [COMMUNITY].
4. Enter the command /lunar. Select the option /lunar [metamask_wallet_address (blank space) and input your MetaMask wallet address in the (blank space).
⚠ Your entered wallet address must be holding a Lunar Animals NFT to enter the event.
◆ Event 2: MARBLEX x Batching.ai Gleam Giveaways
■ Event period
April 24th — May 1st 16:00 (UTC+9)
■ Prize pool
▶ Giveaway
500 HVH each for 100 random winners10 MBX each for 50 random winners1× Lunar Animals (N) for 10 random winners
▶ Referral
20,000 HVH and 500 MBX totalMore entries result in higher rewards
⚠ HVH (HAVAH) tokens are assets that can be used for various activities within the HAVAH ecosystem, including transaction fees, Planet purchases, and NFT purchases within the marketplace.
■ Winner Announcement
May 3rd (winners to be revealed by Batching.ai)
■ How to participate
For full details about the Gleam event and instructions on how to join, please follow the link below.
👉https://ntiny.link/_ohvN
◆ Fun facts
Batching.ai allows users to customize their NFTs using AI.
Change up your Lunar Animals appearances using Batching.ai!
We highly encourage you to explore their platform and have fun with your NFTs!
Take this opportunity to explore and experience new ways to utilize your NFTs.
Thank you,
MBX Team

Are you a fan of NFTs and want to turn your passion into a profitable venture? Believe it or not, but you can make money while playing NFT games…So gone are the days of gaming being just a hobby –  as now, it can be a lucrative source of income too!From Play-to-Earn (P2E) strategies to navigating Pikamoon NFT marketplaces.Pikamoon Earning In-Game CurrenciesTo start earning in-game currency within a blockchain game, choose a title that best interests you and create an account. In doing so, look for a game that offers opportunities to earn cryptocurrency-based in-game currency through active engagement. Once you’ve created an account, you’ll need to obtain the required cryptocurrency, such as Ethereum or Bitcoin, and set up a digital wallet that is compatible with the game.After setting up your digital wallet, you can actively engage in gameplay to earn the in-game currency of your chosen game. This can entail completing quests, participating in battles, or trading virtual goods within the game’s ecosystem. As you continue to engage with the same game, you’ll then accumulate piles of in-game currency that can be used for various in-game activities, such as purchasing or enhancing in-game items/virtual assets.Here, remember to keep track of your earnings and utilise them strategically within the game. In doing so, you will enhance the overall quality and monetary value of your gaming experience.#pikamoon #Pikamoonarmy #pika #blockchain

In 2024, MARBLEX aims to expand to a broader scope of services, focusing on gamification to elevate user experience, while consistently catering to user-centric services. Today is going to be the first step towards this initiative, as we will be providing an overview of the 2 new NFT collections and major service updates.1. Marblership Lunar Animals CollectionWe believe many of you were eagerly anticipating the release of Lunar Animals. As revealed in last year’s AMA, their concept will be based on the 12 zodiac signs. Lunar Animals will feature 13 animals — Mouse, Ox, Tiger, Rabbit, Dragon, Snake, Horse, Lamb, Monkey, Rooster, Dog, Pig, and a CAT!2. Marblership Puzzle CollectionAlso on our list of new NFT collections is the ingredient NFT, Marblership Puzzle Collection. These can be used to claim Marblership Lunar Animals Collection.Puzzles come in the form of alphabets, including a Joker Puzzle ft. MARBLEX-chan!#MBX #MARBLEX #marblex #mbx #nft

Shiba Inu's large transactions soar 111%

IntoTheBlock, an on-chain analytics firm, labels large transactions as those that exceed $100,000. In the last 24 hours, IntoTheBlock gave the large transaction volume for Shiba Inu as $6.62 million, a 111% increase in the last 24 hours.

A rise in this statistic could be the result of a significant amount of buying or selling by large holders or whales, as large transactions frequently provide a glimpse into the behavior of this category of holders. SHIB was trading at $0.0000087, down 1.31% over the previous day.

Recently, Shiba Inu saw the highest number of daily new addresses in the past three months, with the creation of up to 2,538 new addresses on May 26 alone.

#BinanceTournament #binancepizza #googleai #feedfeverchallenge #shibaInu

Shibarium beta "Puppynet" is seeing a rapid increase in the number of transactions processed on the blockchain. 

Shibarium, Shiba Inu's low-cost blockchain solution, is designed to provide users with faster transaction speeds and lower fees compared to other blockchains. 

According to PuppyScan, Shibarium testnet has now completed 14,152,932 transactions since its March 11 inception. The total number of blocks is currently 1,059,662; the current average block time is 5.3 seconds and wallet addresses are at 16,108,541.

 The total transactions processed on Shibarium beta to be 12,462,804 transactions. Given that this figure has risen above 14 million, this implies an increase of around two million transactions in about four days.

Shiba Inu ecosystem official Lucie has shared a message from Shiba Inu lead Shytoshi Kusama, coming from the Shibarium Discord channel. Kusama reassures the SHIB community, saying that great things are in the works.

This might have partly contributed to the narrative of the growing transactions on its testnet.

"You know I'm quiet in cooking up something, so I've been very quiet because there are many great things in the works," a line from the screenshot reads.

#BinanceTournament #shibaInu #shibarium #BRC20

In the world of cryptocurrencies, a mysterious trader known as the “meme lord” has managed to transform a $30,000 investment into an astounding $450,000 within just three years. Through their astute timing and selection of memecoins like Shiba Inu ($SHIB) and Pepe Coin ($PEPE), this trader has captured the attention of the crypto community.

Unveiling the Memecoin Strategy :

According to OnChainDataNerd, the meme lord possessed an uncanny ability to identify promising memecoins before their meteoric rises and subsequent crashes. While they have already cashed out a portion of their profits, their investment path offers intriguing insights into their strategies. The lion’s share of their gains originated from three key digital assets: Shiba Inu (SHIB), Pepe Coin (PEPE), and TSUKA.

Shiba Inu: From $2,500 to $60,000 :

The journey began with a wise $2,500 investment in Ethereum (ETH), which was converted into SHIB in March 2021. Despite hindsight suggesting slightly suboptimal timing, the meme lord sold during the May peak, yielding a remarkable 22x profit. Their initial investment ballooned to $60,000, showcasing the potential of early memecoin investments.

Pepe Coin: A Tidy $70,000 Profit :

Following a similar pattern, the meme lord entered the PEPE market on April 17. Their timing proved impeccable as PEPE was listed on Binance, the world’s largest cryptocurrency exchange, on May 5. With a position of 14 billion PEPE, the trader enjoyed a 14x return on their investment, resulting in an impressive $70,000 gain.

TSUKA: A Staggering $250,000 Return :

The most substantial profit came from the meme lord’s investment in TSUKA. Starting with a meager $300 purchase in USDC in May 2022, this investment skyrocketed to an extraordinary return, culminating in a staggering $250,000 gain. The success of this trade highlights the potential for exponential growth in the memecoin market.

The Memecoin Phenomenon :

The cryptocurrency space has been captivated by a significant memecoin trend. Recently, tokens themed around the U.S. presidential election attracted speculative investors, with some experiencing surges of over 7,000% in just 24 hours. Traders have reported impressive gains, similar to Wall Street titans. However, it’s crucial to acknowledge the inherent risks associated with memecoin trading, given their volatility and often speculative nature.

While memecoin trading holds the allure of significant profits, it comes with substantial risks that should not be underestimated. These tokens exhibit extreme volatility, with prices capable of soaring or plummeting within short timeframes. Additionally, many memecoins lack the underlying technology or utility found in more established cryptocurrencies. As the meme lord’s journey demonstrates, the careful selection and timely exits are key to capitalizing on memecoin investments.

#shibaInu #dogecoin #pepe #memecoins #BinanceTournament

Shiba Inu is traded actively in the market, causing several speculations. Learn about its future price and other worthy new meme coins in 2023.

Recently, meme coins have been actively dominant in the crypto market. However, keeping up with the dozens of new releases and investing in the right one can be quite challenging. Interestingly, Shiba Inu remains a top meme coin in many investors’ wallets, and its roots run deep in the crypto market.

Last year’s crypto winter hindered Shiba Inu’s growth from exceeding its All-Time High of $0.00008845. However, recent reports indicate that Shiba Inu reported nearly $100 million in trading volume.

In today’s post, we’d dive into what the future holds for Shiba Inu as well as three new investment-worhty prospects including AiDoge, SpongeBob and Pepe coin. Keep reading to learn more!

Shiba Inu is not a new player in the meme coin game. Its experience with the bull and bear markets shows its resilience in providing the needed gains to investors. The introduction of the Shiba Burn Rate and its decentralized network, Shibarium, has spurred investors to consider this once-promising meme coin again.

Furthermore, Shiba Inu has a 24h trading volume of close to $100 million, thrilling crypto investors at every turn. The massive trading volume that Shiba Inu has indicates future price growth. But what is expected from a coin currently traded at 0.00000871 in the future? Find out experts’ future predictions on this meme coin in the table below.

#binancepizza #BRC20 #feedfeverchallenge #shibaInu #shiba

While it is possible to make money mining cryptocurrency, it requires careful consideration, risk management, and research. It also involves investments and risks, such as hardware costs, cryptocurrency price volatility, and cryptocurrency protocol changes. To mitigate these risks, miners often engage in risk management practices and assess the potential costs and benefits of mining before starting.

The profitability of crypto mining depends on several factors. One of them is changes in cryptocurrency prices. When cryptocurrency prices increase, the fiat value of mining rewards also increases. Conversely, profitability can decline along with decreasing prices.

The efficiency of the mining hardware is also a crucial factor in determining the profitability of mining. Mining hardware can be expensive, so miners must balance the cost of the hardware with the potential rewards it can generate. Another factor to consider is the cost of electricity; if it's too high, it could outweigh earnings and make mining unprofitable.

In addition, mining hardware may need to be upgraded relatively often, as they tend to become obsolete rather quickly. New models will outperform old ones and if miners lack the budget to upgrade their machines, they will likely struggle to remain competitive.

Last but not least, there are the changes that happen at the protocol level. For example, the halving of Bitcoin can affect mining profitability  as it cuts the reward for mining a block in half. In addition, Ethereum switched completely from the PoW to the Proof of Stake (PoS) consensus mechanism in September 2022, which made mining unnecessary.

#binancepizza #googleai #BRC20 #pepe #cryptomining

Analyst Nicholas Merten resurfaced to predict that Bitcoin (BTC) will drop to $12,000 in September as the bear market continues.

The 511,000-subscriber YouTuber said Bitcoin’s recent rally was temporary and the asset will fall to $12,000 in September. The crypto trader argued that the bear market is not over.

“Bitcoin has definitely made some good moves in the last few months. However, the question you need to ask yourself is whether or not that’s going to continue. Even if you bought back in November, [and] you’re thinking about buying now, you [have] got to ask yourself: Is Bitcoin still going to be the leading horse in the race?

“Because what we saw here for the past couple of months is very similar to what we saw of [earlier] price action. The exact same range…that used to be prior support in the last bull market is as it was…in May, acting as resistance.

“We didn’t even come up here towards the upper band around $32,000 to $33,000 like a lot of people were calling for as their target to exit out of the market. It tends to be that people set their expectations too high to keep moving the goal post, and eventually they don’t take profits.”

#binancepizza #BTC #crypto2023 #BRC20 #googleai

#Binance #BTC #crypto2023 #BNB #india

Meanwhile, cryptocurrency exchanges still grapple with the country’s unfavorable regulatory policies for the industry. Following the introduction of the 30% tax on digital asset transfers, and the 1% transaction tax deduction at source (TDS), exchanges have lamented how the high taxes have affected their growth.

In December 2022, BWA submitted recommendations to India’s Finance Ministry, part of which sought relief from unfriendly crypto taxation. However, the situation remains unchanged.

Despite the government’s stance towards crypto, adoption in India continues to increase, with a recent report projecting that there could be over 156 million cryptocurrency users in the country by the end of 2023.

A new proposal is about to the submitted to the Indian State government to restore the use of the country’s Unified Payments Interface (UPI) for crypto exchanges operating in India, on top of two previous proposals.

The latest development comes after the supervising body for the real-time interbank payments network claimed in 2022 that it was not aware that crypto exchanges were utilizing the UPI service.

A Third Proposal on the Way

India’s Bharat Web3 Association (BWA), a cryptocurrency advocacy group formed in November 2022, could be the latest body to submit a proposal to the Indian government and the Reserve Bank of India (RBI) regarding access to the country’s UPI for crypto exchanges. Two entities already made similar proposals, with BWA’s expected to come in a few weeks.

BWA was formed after the dissolution of the Blockchain and Crypto Assets Council (BACC), an organization under the Internet and Mobile Association of India (IAMAI) which also called for the restoration of UPI for crypto firms in the country. According to the IAMAI at the time, the disbandment of the advocacy group happened as a result of India’s uncertain regulatory environment.

In April 2022, the National Payments Corporation of India (NPCI), a division of the RBI, said it was not aware that crypto exchanges were using the UPI feature. The statement came hours after crypto exchange giant Coinbase announced support for UPI for cryptocurrency purchases. NPCI’s statement also led CoinSwitch Kuber and WazirX to disable deposits in Indian rupees.

UPI, which is widely used in India, is a real-time interbank payment system that facilitates peer-to-peer (P2P) and peer-to-merchant (P2M) transactions. It was developed by the NCPI in 2016.

With two proposals on the ground and a third on the way, it remains to be seen if the government will change its stance or maintain the restrictions in place.

#Binance #BTC #crypto2023 #BNB #india