U.Today - Federal Reserve Chair Jerome Powell's recent have stirred quite a discussion, not just on the traditional financial markets but also within the crypto ecosystem. In an unforeseen address, Powell suggested the potential for the central bank to pause its extended series of interest rate hikes, contingent on the continuation of recent progress on inflation. While his insights were primarily directed at long-term Treasury yields, the implications for the cryptocurrency , including Bitcoin and other digital assets, are noteworthy.

The sentiment on traditional financial markets often has a ripple effect on the crypto market. When traditional markets are expected to perform well or show stability, institutional investors are sometimes more inclined to diversify their portfolios and explore riskier assets, such as . Powell's indication of a potential pause in interest rate hikes can be seen as a stabilizing factor for traditional markets. If these markets respond positively, we might witness an inflow of funds into the #crypto sector as a diversification strategy.

With Powell's suggestion of maintaining current interest rates, there is a possibility of a lower yield on traditional financial instruments. This could bolster attractiveness as a store of value, prompting both retail and institutional investors to allocate more funds into Bitcoin.
The decentralized finance (DeFi) sector within the crypto ecosystem is particularly sensitive to interest rate changes. DeFi platforms offer yield farming and staking opportunities that can sometimes provide returns far exceeding traditional instruments. If the Fed holds interest rates steady, the yield disparity between traditional financial products and DeFi could widen.

The broader uncertainty surrounding global economic conditions, inflation rates and central bank policies often acts as a catalyst for investors to diversify their portfolios. Cryptocurrencies, being noncorrelated assets, serve as a natural choice for portfolio diversification.
#BTC #xrp #cryptonews #DeFi

🐸PEPE madeni parası, herhangi bir temel ve asli değeri olmayan ve hiçbir faydası olmayan diğer bir meme parası gibidir. Aslında, Ethereum blok zinciri üzerine inşa edilmiş en "memable" meme coini olarak kabul ediliyor ve bir ERC tokeni olarak çalışıyor."
🐸PEPE coinin resmi bir ekibi veya herhangi bir yol haritası yoktur. 2000'li yılların başında popülerlik kazanan "Kurbağa PEPE" olarak bilinen popüler internet meme karakterine bir övgü olarak gelişigüzel yaratıldı.
🐸PEPE, hiçbir temel temele sahip olmamasına rağmen, lansmanından sadece iki hafta sonra piyasa değerine göre ilk 100 kripto para birimi arasına girmeyi başardı ve şu anda kripto web sitesi CoinMarketCap'e göre 70. sırada yer alıyor. PEPE coini ilk olarak 15 Nisan 2023'te yaklaşık 0,000000001 $ fiyatla işlem görmeye başladı ve şu anda bir 🐸PEPE coini bu yazının yazıldığı sırada 0,0000014 $'a eşdeğer."

"The #Layer2 prominence of Web3 is a clear indicator of its transformative potential, highlighting its ability to bring about significant change. Like any emerging technology, achieving a balance between fostering innovation and ensuring financial stability is thus of paramount importance. Given this, integrating the evolving landscape of virtual digital assets (VDAs) into a well-structured tax system is a key consideration, regardless of how the VDA landscape unfolds."🤔🤔
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India’s taxation framework and the intent behind it
In recent years, India has found itself amid a promising Web3 landscape, characterized by a remarkable surge in startups. This evolution, however, has been accompanied by a taxation framework, one that has created implications within the country's Web3 ecosystem.
#trading
The Finance Act, 2022 introduced Section 194S, which imposed TDS at the rate of 1% on sale of VDAs in India from 1st July 2022. Further, a high rate of income tax of 30% was also introduced on any income from transfer of VDA from 1st April. There are also further restrictions on available deductions and treatment of losses, with no setoffs allowed against other crypto gains.

#CryptoTalks
The objective behind these measures was three-fold: tracking VDAs transactions by Indian residents, discouraging speculation and trading, and building guardrails around VDAs for safeguarding Indian interest and ensure financial stability.
#crypto2023
India’s engagement with VDAs remains unchanged
While India has made significant steps to standardise taxation, a high rate of TDS has caused a flight of volumes and users to platforms in foreign jurisdictions and the grey market. Following the announcement of a new tax regime, there was a shift of around Rs 32,000 crore of trade volume from domestic VDA exchanges to foreign ones from Feb-Oct 2022. Contribution of Indians to the volume on foreign VDA exchanges enabling peer-to-peer transactions was to the tune of Rs 80,000 crore between July and Oct 2022. In addition, the daily volume at compliant Indian exchanges has reduced by over 70-90%.
#BTC

#OrbsORBS +32%

#Loom NetworkLOOM +31.37%

#StorjSTORJ +11.37%

#TrustWalletTokenTWT +9.34%
#crypto2023

$BTC  Bitcoin ve kripto para birimleri güçlü bir performans sergiliyor. Küresel piyasaların geri kalanı düşmeye devam ederken, Bitcoin kendi yolunda istikrarlı kalmayı sürdürüyor. Bitcoin 28.500$ aralığını kırar ve aşarsa artık kimse onu durduramaz. 26.000 ABD Dolarının altına düşerse bu, 24.000 ABD Doları aralığının etrafında kalmaya devam edeceği anlamına gelir
#CryptoTalks #DeFiChallenge #BTC

BTC düşüşü başladı 🤔??

"Bitcoin has been trading around the $27,700 level, possibly because of traditional markets calming down following a cooling US labor market," Edul Patel, CEO of Mudrex, said.

Ahead of the official US Non-farm payroll data this Friday, September's US Private Payroll data indicated a rise of 89,000 jobs instead of the projected 153,000 jobs #BTC
"The total volume in DeFi is currently $2.56 billion😱 10.62% of the total crypto market 24-hour volume. The volume of all stablecoins is now 😱$22.43 billion, which is 93.07% of the total crypto market 24-hour volume. #crypto2023
#trading #crypto #CryptoTradingBots

frax coin is down by 12%
Ape coin is down by 11%
Pepe is down by 10%
Compound is down by 9%
Gurve DAO is down by 9%
#crypto2023 #trading #crypto #BTC