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Ethereum sees grand exodus with over $1b in pending withdrawals

The Ethereum Shanghai Capella update, or “Shapella,” has been completed successfully. This much-anticipated upgrade marks a massive milestone for the ethereum ecosystem, completing the famed move to a complete proof-of-stake consensus mechanism. Withdrawals following the upgrade At 22:27 UTC, the upgrade began and was completed at around 22:42 UTC. About 285 withdrawals in epoch 194,408, […]
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Indian crypto industry calls for tax cuts amid investors’ exodus

India’s local crypto institutions have collectively demanded tax reliefs on crypto investments as investors flocked to foreign exchanges following the unfavorable tax policies imposed on digital asset investments. The local industry is calling on authorities to reduce the TDS rate from the current 1% to 0.1%-0.001% and allow loss offsets. Indian investors flock to international […]
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