FTX in talks to invest in Indian gaming startup MPL
India’s Mobile Premier League (MPL) is in talks to raise capital from several investors, including crypto exchange FTX as it prepares to make a push on Web3 capabilities. MPL operates over 60 mobile games, including sports-based, card-based, and fantasy. In recent weeks, it has informed some existing and new potential investors that it plans to launch play-to-earn and NFT-based games later this year.
Crypto prices today: Bitcoin falls 0.6%
Bitcoin is currently trading at $46,163.45, a 0.6% decline over the previous day. Ethereum is down 0.06% over the last 24 hours to $3,498.31. Solana fell 1.26% to $136.18, while Cardano is trading higher by 3.8% at $1.22. Meanwhile, Avalanche (AVAX) fell 2.5% to $96.94. The global crypto market cap stands at $2.16 trillion, a 0.25% decline over the previous day.
Crypto volumes in India see a dip as new tax rules kick in
According to Bitcoin.com, crypto volumes in India have dropped as the tax on digital assets kicked in on April 1. Finance Minister Nirmala Sitharaman, in her Budget speech, announced a 30% flat income tax on crypto income or digital asset investments. A 1% tax-deductible at source (TDS) on all digital-asset transfers above a certain size will start on July 1.
OpenSea to allow NFT purchases with bank cards, Apple Pay
OpenSea will allow users to buy non-fungible tokens (NFTs) using credit cards, debit cards, or Apple Pay. The move comes through a partnership with MoonPay, a fintech player that builds payment infrastructure in the crypto space. The move is set to expand OpenSea’s customer base to more non-crypto natives.
Nearly half of crypto owners first bought digital assets in 2021: Survey
As per a survey by crypto exchange Gemini, almost half of all crypto owners in the United States, Latin America and Asia Pacific purchased digital assets for the first time in 2021. It was a blockbuster year for crypto, with inflation driving crypto adoption in countries that have experienced currency devaluation. Brazil and Indonesia lead the world in crypto adoption.
