Crypto NFT Daily News

Crypto News Daily – Indian ED Sends FEMA Notice to Crypto Exchanges!

Crypto News Daily: CoinsSwitch and CoinDCX, and other crypto firms, are being probed for any possible FEMA violations. The firms must submit certain documents, wherein ED will check their transactions of the last three years.

» Popular Indian Crypto Exchange Platforms & Potential FEMA Violations!

Crypto Today Market in India again draws people’s attention after the ED sends notice to popular crypto exchange platforms. Reportedly, besides the famous firms doing business in crypto, others too are being scanned for breaching any Foreign Exchange Act guidelines.

  • Major Indian Crypto Firms are confirmed to have complied with the ED inquiry.
  • Executives working in the Exchange Firms were also sent notices and had their statements recorded.
  • Chartered Accountants (CAs) of the respective firms are being questioned after earlier recording statements from respective Founders. 

» More Crypto News Daily!

→ Luxury British jeweler Paid $7.5M in BTC Crypto Ransom!

Graff Diamonds Corp. has reportedly paid $7.5M worth of ransom in BTC to a Russian Group of Hackers. The Billionaire jeweler has hence sued the insurer, The Travelers Companies Inc., for not covering losses over the extortion.

  • Russian Hacker Group Conti attacked the British Jeweler in Sept 2021, leaking clientele data of Saudi, UAE, and Qatar Royal Families.
  • Conti unusually apologized to the Royal Families on the grounds of exposing Gruff Data about financial declarations made by the US-UK-EU neo-liberal plutocracy.
  • The ransom was paid by Graff at $15 million on Nov 3, 2021, to a Bitcoin wallet, at a time when BTC prices were near-highest!
  • Gruff mentions the non-compliance behavior of the insurers in a statement, adding they have no option but to bring the recovery proceedings to the High Court.

→ CryptoSlam Data Reflects 94% NFT Sell Price Slump!

The Crypto Winter of 2022 has hit the Crypto NFT Market hardest since its rise in early 2020. CryptoSlam metrics showcase the Daily NFT sales peaking above $600 million on May 1, followed by a relatively flat period until April 2022.

  • The Crypto LUNA crash appears to have flattened the ‘overpriced’ NFT market.
    • NFT Global Daily sales record only ~$6 million sales volume on Jul 2, 2022.
  • The number of unique daily NFT buyers has also collapsed by 90%, from 115,932 on Jan 20, 2022, to 11,983 on Jul 1, 2022.
  • Total Monthly NFT sales and Average NFT sales price in August 2021 were $4.854 billion and $1,070, respectively.
    • The Total Monthly NFT sales and Average NFT sales price in July 2022 stand at $48.9 million with a mere $100, respectively.

Crypto Sale Today – July 6th, 2022

On the global crypto market, the top cryptocurrencies prices or crypto today reflect the following figures:

crypto news daily
  • (BTC) Bitcoin
    • Average Price: $20,086.74
    • 24h: + 3.09% ↑
  • (ETH) Ethereum
    • Average Price: $1,132.10
    • 24h: + 2.28% ↑
  • (BNB) Binance Coin
    • Average Price: $236.39
    • 24h: + 4.64% ↑
  • (XRP) Ripple
    • Average Price: $0.3226
    • 24h: + 1.73% ↑
  • (ADA) Cardano
    • Average Price: $0.4555
    • 24h: + 1.24% ↑
  • (SOL) Solana
    • Average Price: $35.68
    • 24h: + 5.479% ↑

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