India’s 1% tax has dealt a heavy blow to crypto trading volumes

The trading volumes on Indian cryptocurrency exchanges have come under added pressure from the 1% tax that came into effect on July 1. The trading volumes have been on a downward slope ever since India imposed a 30% tax on all cryptocurrency and non-fungible token (NFT) transactions and transfers from April 1. The 1% tax … Read more

Nexo claims “smear campaign” ignores its attempts to aid insolvent companies

CryptoSlate spoke to Nexo co-founder Antoni Trenchev regarding Nexo’s decision to increase insurance to $775 million, its moves to offer aid to struggling crypto firms, and the recent allegations claiming Nexo is in trouble. Trenchev told CryptoSlate that its move to increase insurance levels was a part of an ongoing plan to improve security unrelated … Read more

Investors pull Bitcoin from exchanges as BTC on CEXs at lowest levels since 2018

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The number of Bitcoins held on centralized exchanges has dropped to the lowest level since 2018, according to information from Glassnode. Users seem to be pulling assets following fears of contagion after the recent issues with Celsius and Babel Finance. The … Read more