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Crypto GST Committee Says More Time Needed, Binance Partner Cristiano Ronaldo on NFT, Bitcoin Up 5%

Goods and Services Tax (GST) collection can take some time. The committee of officials from the center and states, often referred to as the “establishment committee,” has suggested that as cryptocurrency law is awaited, they would need to identify all relevant crypto-related inventories and then classify whether cryptos are commodities or services. They think more studies are needed cryptos to solve the pending problems related to taxation, according to various media sources.

In other news, Binance, the world’s largest crypto exchange by volume, has announced an exclusive partnership with Cristiano Ronaldo, the famous Portuguese footballer who currently plays a forward position at Manchester United, for a multi-year Non-Fungible Token (NFT) deal. closed. The first NFT series from this partnership will be released later this year and Ronaldo will collaborate on its design.

cryptocurrency prices

The global crypto market cap rose 4.51 percent to $938.67 billion (as of 8:50 a.m.). However, global crypto volume fell 6.77 percent to $62.81 billion, according to Coinmarketcap data.

Bitcoin (BTC), the world’s oldest cryptocurrency, traded at $21,193.84, up 4.46 percent over the past 24 hours. Ethereum (ETH) is up 6.67 percent to $1,154.25.

Among other major coins, Cardano (ADA) surged 5.55 percent to $0.4948, Algorand (ALGO) traded up 9.04 percent to $0.3484, Solana (SOL) traded up 12 Traded .08 percent at $39.14, Polkadot (DOT) was up 6.71 percent at $8.04 and Binance Coin (BNB) was up 7.11 percent at $233.22.


Today’s top gainer was MetaversePay (MVP), which is up 1853.22 percent to $0.000003038. The biggest loser was PAPPAY (PAPPAY), which is down 88.89 percent to $0.00000009993.


Meme Coin and DeFi prices

Dogecoin (DOGE) is up 4.02 percent to $0.06566. Its volume to market cap ratio is 0.05308. Rival Shiba Inu (SHIB) is up 4.01 percent to $0.00001037.

Dogelon Mars (ELON) is up 8.5% to trade at $0.0000002803, Floki Inu (FLOKI) is up 9.18% to $0.000006498 and Samoyed Coin (SAMO) is up 14.93% at $0.005548.

In the DeFi segment, YFI (yearn.finance) was up 7.66 percent to $5,511.40 and Terra Classic (LUNC) traded up 1.81 percent at $0.00005806. Avalanche (AVAX) was up 18.46% to $19.66, Uniswap (UNI) was trading up 7.46% to $5.65 and Aave (AAVE) was up 4.92% to 69.03 $.

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