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CRA Price   

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CRA

Crabada  

#CRA

CRA Price:
$0.00167
Volume:
$4.3 K
All Time High:
$3.13
Market Cap:
$594.7 K


Circulating Supply:
355,983,565
Exchanges:
2+
Total Supply:
1,000,000,000
Markets:
4+
Max Supply:
1,000,000,000
Pairs:
4



  CRA PRICE


The price of #CRA today is $0.00167 USD.

The lowest CRA price for this period was $0, the highest was $0.00167, and the current live price for one CRA coin is $0.00167063.

The all-time high CRA coin price was $3.13.

Use our custom price calculator to see the hypothetical price of CRA with market cap of ETH or other crypto coins.


  CRA OVERVIEW


The code for Crabada crypto currency is #CRA.

Crabada is 2.3 years old.


  CRA MARKET CAP


The current market capitalization for Crabada is $594,718.

Crabada is ranking upwards to #925 out of all coins, by market cap (and other factors).


  CRA VOLUME


There is a small volume of trading today on #CRA.

Today's 24-hour trading volume across all exchanges for Crabada is $4,258.


  CRA SUPPLY


The circulating supply of CRA is 355,983,565 coins, which is 36% of the maximum coin supply.


  CRA BLOCKCHAIN


CRA is a token on the Avalanche blockchain.


  CRA EXCHANGES


CRA has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 2 crypto exchanges.

View #CRA trading pairs and crypto exchanges that currently support #CRA purchase.


  CRA RELATED


Note that there are multiple coins that share the code #CRA, and you can view them on our CRA disambiguation page.


  CRA RESOURCES


Websitewww.crabada.com
Whitepaperdocs.crabada.com
TwitterPlayCrabada
TelegramPlayCrabada
DiscordDjy57Zhau9
MediumPlayCrabada


  CRA DEVELOPER NEWS



Week 42 Arena Challenge — New and Exciting Rewards Await! (17–23 Apr 2023)

Week 42 Arena Challenge — New and Exciting Rewards Await! (17–23 Apr 2023) - Dear Crabadians! 🦀 — Week 42 Arena Challenge (17–23 Apr 2023)🦀⚔️ - Weekly Challenges will be announced where some of the base Arena mechanics or rules are tweaked each week to keep things fresh and entertaining for all Arena participants!Note: These mechanics will ONLY be applied to Arena Mode for the effective week. — 📜Rules and Mechanics. — 1. Crabada Level Limit: 150 All Crabada will participate in Arena battles this week at a maximum of level 150! 2. Arena Tickets will be refilled every 2 hours instead of 4 hours, to a maximum of 6 Tickets. 3. First of the Generation 🔹 Genesis Crabada gain 25% base stats (DMG, HP, Armor) 4. Legendary Transformation 🔹If a Crabada has a Legendary Mouth or Shell and normal Pincers, and has an active Potion (latest applied), its Pincers will transform into the corresponding Legend Crabada Pincers, depending on the Potion. 🔹If a Crabada has a Legendary Body or Horn and normal Eyes, and has an active Potion (latest applied), its Eyes will transform into the corresponding Legend Crabada Eyes, depending on the Potion. 🔹If a Crabada has an active Shiny Effect and an active Potion (latest applied), there is a 30% chance of transforming into the corresponding Legend Crabada, depending on the Potion. The transforming Crabada will be visually changed to a Legendary on...




Week 41 Arena Challenge — New and Exciting Rewards Await! (10–16 Apr 2023)

Week 41 Arena Challenge — New and Exciting Rewards Await! (10–16 Apr 2023) - Dear Crabadians! 🦀 — Week 41 Arena Challenge (10–16 Apr 2023)🦀⚔️ - Weekly Challenges will be announced where some of the base Arena mechanics or rules are tweaked each week to keep things fresh and entertaining for all Arena participants!Note: These mechanics will ONLY be applied to Arena Mode for the effective week. — 📜Rules and Mechanics. — 1. Crabada Level Limit: 1 All Crabada will participate in Arena battles this week at a maximum of level 1! 2. Arena Tickets will be refilled every 2 hours instead of 4 hours, to a maximum of 6 Tickets. 3. First of the Generation 🔹 Genesis Crabada gain 25% base stats (DMG, HP, Armor) 4. Legendary Transformation 🔹If a Crabada has a Legendary Mouth or Shell and normal Pincers, and has an active Potion (latest applied), its Pincers will transform into the corresponding Legend Crabada Pincers, depending on the Potion. 🔹If a Crabada has a Legendary Body or Horn and normal Eyes, and has an active Potion (latest applied), its Eyes will transform into the corresponding Legend Crabada Eyes, depending on the Potion. 🔹If a Crabada has an active Shiny Effect and an active Potion (latest applied), there is a 30% chance of transforming into the corresponding Legend Crabada, depending on the Potion. The transforming Crabada will be visually changed to a Legendary one, a...




Week 40 Arena Challenge — New and Exciting Rewards Await! (3–9 Apr 2023)

Week 40 Arena Challenge — New and Exciting Rewards Await! (3–9 Apr 2023) - Dear Crabadians! 🦀 — Week 40 Arena Challenge (3–9 Apr 2023)🦀⚔️ - Weekly Challenges will be announced where some of the base Arena mechanics or rules are tweaked each week to keep things fresh and entertaining for all Arena participants!Note: These mechanics will ONLY be applied to Arena Mode for the effective week. — 📜Rules and Mechanics. — 1. Crabada Level Limit: 150 All Crabada will participate in Arena battles this week at a maximum of level 150! 2. Arena Tickets will be refilled every 2 hours instead of 4 hours, to a maximum of 6 Tickets. 3. First of the Generation 🔹 Genesis Crabada gain 25% base stats (DMG, HP, Armor) 4. Legendary Transformation 🔹If a Genesis Crabada has an active Potion (latest applied), there is a 80% chance of transforming into the corresponding Legend Crabada, depending on the Potion. 🔹If a Crabada has an active Shiny Effect and an active Potion (latest applied), there is a 30% chance of transforming into the corresponding Legend Crabada, depending on the Potion. The transforming Crabada will be visually changed to a Legendary one, and it will be using Legendary pincer skills together with eye effects. However, Crabada stats will remain unchanged. 5. Stronghold A successful Defense does not earn AP. However, AP will still be deducted when a Defense is unsuccessful. 6. Secr...




Week 39 Arena Challenge — New and Exciting Rewards Await! (27 Mar — 2 Apr 2023)

Week 39 Arena Challenge — New and Exciting Rewards Await! (27 Mar — 2 Apr 2023) - Dear Crabadians! 🦀 — Week 39 Arena Challenge (27 Mar — 2 Apr 2023)🦀⚔️ - Weekly Challenges will be announced where some of the base Arena mechanics or rules are tweaked each week to keep things fresh and entertaining for all Arena participants!Note: These mechanics will ONLY be applied to Arena Mode for the effective week. — 📜Rules and Mechanics. — 1. Crabada Level Limit: 150 All Crabada will participate in Arena battles this week at a maximum of level 150! 2. Arena Tickets will be refilled every 2 hours instead of 4 hours, to a maximum of 6 Tickets. 3. First of the Generation 🔹 Genesis Crabada gain 25% base stats (DMG, HP, Armor) 4. Legendary Transformation If a Genesis Crabada has an active Potion (latest applied), there is a 80% chance of transforming into the corresponding Legend Crabada, depending on the Potion. The transforming Crabada will be visually changed to a Legendary one, and it will be using Legendary pincer skills together with eye effects. However, Crabada stats will remain unchanged. 5. Stronghold A successful Defense does not earn AP. However, AP will still be deducted when a Defense is unsuccessful. 6. Secret “Weapon” Game UI will only show only 2 Crabada in the opponent’s lineup. One Crabada will be hidden. 7. Factional Advantage: Normal Factional Advantage will b...




Week 38 Arena Challenge — New and Exciting Rewards Await! (20–26 Mar 2023)

Week 38 Arena Challenge — New and Exciting Rewards Await! (20–26 Mar 2023) - Dear Crabadians! 🦀 — Week 38 Arena Challenge (20–26 Mar 2023)🦀⚔️ - Weekly Challenges will be announced where some of the base Arena mechanics or rules are tweaked each week to keep things fresh and entertaining for all Arena participants!Note: These mechanics will ONLY be applied to Arena Mode for the effective week. — 📜Rules and Mechanics. — 1. Crabada Level Limit: 100 All Crabada will participate in Arena battles this week at a maximum of level 100! 2. Arena Tickets will be refilled every 2 hours instead of 4 hours, to a maximum of 6 Tickets. 3. Stronghold A successful Defense does not earn AP. However, AP will still be deducted when a Defense is unsuccessful. 4. Secret “Weapon” Game UI will only show only 2 Crabada in the opponent’s lineup. One Crabada will be hidden. 5. Factional Advantage: Normal Factional Advantage will be as per normal this week. 6. Formation Advantage: We’ve got the Same Claw! 🔹If the team has 3 Crabada with the same Pincer Skills and they are all of different Classes, all 3 Crabada’s SPEED will increase by 300% 🔹If the team has 3 Crabada with the same Pincer Skills and they are all of the same Classes, all 3 Crabada’s Attack will increase by 50% 7. Arena Point (AP) Tiers In this week’s Arena Challenge, a player will be split into different tiers based on the...




Week 37 Arena Challenge — New and Exciting Rewards Await! (13–19 Mar 2023)

Week 37 Arena Challenge — New and Exciting Rewards Await! (13–19 Mar 2023) - Dear Crabadians! 🦀 — Week 37 Arena Challenge (13–19 Mar 2023)🦀⚔️ - Weekly Challenges will be announced where some of the base Arena mechanics or rules are tweaked each week to keep things fresh and entertaining for all Arena participants!Note: These mechanics will ONLY be applied to Arena Mode for the effective week. — 📜Rules and Mechanics. — 1. Crabada Level Limit: 150 All Crabada will participate in Arena battles this week at a maximum of level 150! 2. Arena Tickets will be refilled every 2 hours instead of 4 hours, to a maximum of 6 Tickets. 3. First of the Generation 🔹 Genesis Crabada gain 25% base stats (DMG, HP, Armor) 🔹 Origin Crabada gain 15% base stats (DMG, HP, Armor) 4. Stronghold A successful Defense does not earn AP. However, AP will still be deducted when a Defense is unsuccessful. 5. Secret “Weapon” Game UI will only show only 2 Crabada in the opponent’s lineup. One Crabada will be hidden. 6. Factional Revenge Factional Advantage is reversed in this week of the Arena Challenge. Refer to the chart below for Factional advantages/disadvantages. 7. Formation Advantage: Normal Formation Advantage will be as per normal this week. 9. Arena Point (AP) Tiers In this week’s Arena Challenge, a player will be split into different tiers based on the amount of AP they have. Different amoun...




Week 36 Arena Challenge — New and Exciting Rewards Await! (6–12 Mar 2023)

Week 36 Arena Challenge — New and Exciting Rewards Await! (6–12 Mar 2023) - Dear Crabadians! 🦀 — Week 36 Arena Challenge (6–12 Mar 2023)🦀⚔️ - Weekly Challenges will be announced where some of the base Arena mechanics or rules are tweaked each week to keep things fresh and entertaining for all Arena participants!Note: These mechanics will ONLY be applied to Arena Mode for the effective week. — 📜Rules and Mechanics. — 1. Crabada Level Limit: 150 All Crabada will participate in Arena battles this week at a maximum of level 150! 2. Arena Tickets will be refilled every 2 hours instead of 4 hours, to a maximum of 6 Tickets. 3. First of the Generation 🔹 Genesis Crabada gain 25% base stats (DMG, HP, Armor) 🔹 Origin Crabada gain 15% base stats (DMG, HP, Armor) 4. Legendary Transformation If a Crabada has a Legendary Mouth or Legendary Shell and normal Pincers, its Pincers will become Legendary Pincers depending on the latest potion that it has taken, If a Crabada has a Legendary Body or Legendary Horn and normal Pincers, its Eyes will become Legendary Eyes depending on the latest potion that it has taken, 5. Stronghold A successful Defense does not earn AP. However, AP will still be deducted when a Defense is unsuccessful. 6. Secret “Weapon” Game UI will only show only 2 Crabada in the opponent’s lineup. One Crabada will be hidden. 7. Factional Advantage: Normal Factional Adv...




Week 35 Arena Challenge — New and Exciting Rewards Await! (27 Feb–5 Mar 2023)

Week 35 Arena Challenge — New and Exciting Rewards Await! (27 Feb–5 Mar 2023) - Dear Crabadians! 🦀 — Week 35 Arena Challenge (27 Feb — 5 Mar 2023)🦀⚔️ - Weekly Challenges will be announced where some of the base Arena mechanics or rules are tweaked each week to keep things fresh and entertaining for all Arena participants!Note: These mechanics will ONLY be applied to Arena Mode for the effective week. — 📜Rules and Mechanics. — 1. Crabada Level Limit: 120 All Crabada will participate in Arena battles this week at a maximum of level 120! 2. Arena Tickets will be refilled every 2 hours instead of 4 hours, to a maximum of 6 Tickets. 3. First of the Generation 🔹 Genesis Crabada gain 25% base stats (DMG, HP, Armor) 🔹 Origin Crabada gain 15% base stats (DMG, HP, Armor) 4. Legendary Transformation 🔹If a Crabada has a Legendary Mouth or Shell, its Pincers will become Legendary Pincers 🔹If a Crabada has a Legendary Body or Horn, its Eyes will become Legendary Eyes 5. Stronghold A successful Defense does not earn AP. However, AP will still be deducted when a Defense is unsuccessful. 6. Secret “Weapon” Game UI will only show only 2 Crabada in the opponent’s lineup. One Crabada will be hidden. 7. Factional Advantage: Normal Factional Advantage will be as per normal this week. 8. Formation Advantage: Normal Formation Advantage will be as per normal this week. 9. Arena Poin...




Week 34 Arena Challenge — New and Exciting Rewards Await! (20 — 26 Feb 2023)

Week 34 Arena Challenge — New and Exciting Rewards Await! (20 — 26 Feb 2023) - Dear Crabadians! 🦀 — Week 34 Arena Challenge (20–26 Feb 2023)🦀⚔️ - Weekly Challenges will be announced where some of the base Arena mechanics or rules are tweaked each week to keep things fresh and entertaining for all Arena participants!Note: These mechanics will ONLY be applied to Arena Mode for the effective week. — 📜Rules and Mechanics. — 1. Crabada Level Limit: 15 All Crabada will participate in Arena battles this week at a maximum of level 15! 2. Arena Tickets will be refilled every 2 hours instead of 4 hours, to a maximum of 6 Tickets. 3. Legendary Transformation If a Crabada is an active Shiny, and has an active Potion (latest applied), there is a 20% chance of transforming into the corresponding Legend Crabada, depending on the Potion. The transforming Crabada will be visually changed to a Legendary one, and it will be using Legendary pincer skills together with eye effects. However Crabada stats will remain unchanged. 4. Stronghold A successful Defense does not earn AP. However, AP will still be deducted when a Defense is unsuccessful. 5. Secret “Weapon” Game UI will only show only 2 Crabada in the opponent’s lineup. One Crabada will be hidden. 6. Factional Advantage: Normal Factional Advantage will be as per normal this week. 7. Formation Advantage: Normal Formation Advantage will b...




Week 33 Arena Challenge — New and Exciting Rewards Await! (13–19 Feb 2023)

Week 33 Arena Challenge — New and Exciting Rewards Await! (13–19 Feb 2023) - Dear Crabadians! 🦀 — Week 33 Arena Challenge (13–19 Feb 2023)🦀⚔️ - Weekly Challenges will be announced where some of the base Arena mechanics or rules are tweaked each week to keep things fresh and entertaining for all Arena participants!Note: These mechanics will ONLY be applied to Arena Mode for the effective week. — 📜Rules and Mechanics. — 1. Crabada Level Limit: 150 All Crabada will participate in Arena battles this week at a maximum of level 150! 2. Arena Tickets will be refilled every 2 hours instead of 4 hours, to a maximum of 6 Tickets. 3. Legendary Transformation If a Crabada is an active Shiny, and has an active Potion (latest applied), there is a 30% chance of transforming into the corresponding Legend Crabada, depending on the Potion. The transforming Crabada will be visually changed to a Legendary one, and it will be using Legendary pincer skills. Other elements like Crabada stats and eye effects will remain unchanged. 4. Stronghold A successful Defense does not earn AP. However, AP will still be deducted when a Defense is unsuccessful. 5. Secret “Weapon” Game UI will only show only 2 Crabada in the opponent’s lineup. One Crabada will be hidden. 6. Factional Revenge Factional Advantage is reversed in this week of the Arena Challenge. Refer to the chart below for Factional advantages/disa...




  CRA NEWS


Quadriga CX Customers to Finally Receive Payout: Creditors to Get 13% pe...

    EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of C$215.7 million and assets totaling around C$28 million, had left its creditors in a state of uncertainty. In the latest notice from EY, it was revealed that Quadriga creditors will receive a payout equivalent to 13.094156% of the total value of their claims.EY's Update Offers Redemption for Quadriga CX Creditors With Haircut Compensation Plan After enduring a protracted bankruptcy process that commenced in 2019, Quadriga CX's customers and creditors can finally breathe a sigh of relief as they are set to receive a payout from the estate. Once the dominant cryptocurrency trading platform in Canada, Quadriga faced a tumultuous journey as liquidity woes plagued the business in 2018. The CEO, Gerald Cotten, met an untimely demise while traveling in India on December 9, 2018, as disclosed by his wife. Shockingly, it wasn't until January 14, 2019, that the exchange finally informed its customers of Cotten's death, and by the end of that very month, Quadriga sought the shelter of creditor protection. Entrusted with the task of overseeing the bankruptcy proceedings, the accounting firm EY assumed the role of trustee, taking control of Quadriga's remaining assets. As the months unfolded, shocking revelations emerged, exposing the fraudulent ... read More



SUSHI Latest Feats Are Quite Impressive, But Crypto Must Overcome Rough ...

    SUSHI has shown strong bullishness, ranking as the most influential project in Avalanche and breaking into the top 10 in Altrank on Polygon. At this time of writing, CoinGecko is estimating a 24% increase in value, which is a 10% increase from where it was. The following is a quick rundown of some of SUSHI's more notable qualities that demonstrate its 'tasty' status: There was a 4% increase in TVL. Positive environment, but unfriendly market conditions are a drag for the token Future discomfort is possible, but the investment case remains strong Most Influential Project on Avalanche$SUSHI @SushiSwap$JOE @traderjoe_xyz$FITFI @StepApp_$TIME @wonderland_fi$CRA @PlayCrabada$ALBT @allianceblock$BIFI @beefyfinance$PNG @pangolindex$CQT @Covalent_HQ$ANY @MultichainOrg#AVAX $AVAX pic.twitter.com/9ozC2j4Wrp — AVAX Daily (@AVAXDaily) November 21, 2022 In addition, DeFiLlama has noticed a 4% rise in TVL. All in all, investors and traders have a lot to be optimistic about here. But the technicals of the coin suggest that the bullishness is fleeting, as it is being carried around by the present bear market. SUSHI Remains Stale Since its crash in May 2022, SUSHI's price has barely moved. Also, the token has been trading between $2.083 and $0.861 for some time now. This coin, however, has been making higher highs and lower lows despite the bear market since the latter half of Q2 this year. The present price surge, however, is not only due to its recent successes, but also to the act... read More



Avalanche Looks To Capitalize On GameFi Segment – Will This Give A...

    Avalanche (AVAX) peaked at $20.31 on November 6 as it gave its best to recover from the bearish trend that engulfed the broader crypto market towards the tail-end of October and the opening days the current month. However, on November 12, the cryptocurrency experienced a severe price correction that pulled it all the way down to $12.51. The following day, the altcoin made an immediate bounce-back as it reclaimed the $15 marker. After that, Avalanche was once again on a downward trend that made it struggle to even just climb at $14. At the time of this writing, according to tracking from Coingecko, the 20th ranked digital currency in terms of market capitalization is changing hands at $13.50. Over the last seven days, the asset has declined by more than 15% while during the past 30 days, its value dropped by 14.4%. As it turns out, even an impressive growth in GameFi segment of the blockchain space is not enough to stop the bleeding for AVAX.  As Crypto Market Suffers, Avalanche Notches Growth Elsewhere According to data shared on Twitter by Avalanche Talk, 10 GameFi projects running on the AVAX blockchain tallied significant increases in volume over the past week. Province was the top gainer, posting an impressive 1,481.77% increase in volume in just a matter of seven days. Owloper (290.98%) was at second. Rounding up the top five were Dragon Crypto (279.76%), Hoppers Game (118.39%) and Step App (91.87%). Meanwhile, RaceX (68.42%), Crabada (44.02%), XANA Metaverse (43.3... read More



Koinly Explains How The Ethereum Merge Could Affect Your Crypto Taxes

    The Ethereum Merge is shaping up to be the biggest event in the crypto space in over five years, and that could mean some significant impacts on your crypto portfolio. We know that sometime between September 10th and 20th, the Merge will take place, resulting in the Proof of Stake 'Beacon Chain' merging with the current Proof of Work Ethereum chain. While speculation surrounds whether Ethereum will fork and what may happen to DeFi protocols, stablecoins, NFTs and more, essential questions remain around the potential tax implications that Ethereum holders could incur. So what's happening, and what do you need to know? Crypto tax calculator Koinly is here to explain. What is the Ethereum Merge? The ultimate result of the Ethereum Merge will be the transition from Proof of Work (PoW) to Proof of Stake (PoS) as the consensus mechanism for the Ethereum blockchain. Ethereum developers have flagged this move for years, with work initially beginning as far back as 2016. The current estimate is for the Merge to occur between September 13th and 15th, but it will ultimately depend on the Terminal Total Difficulty (TTD) of Ethereum. Currently, this appears to be around a block height of 15,540,293. The final upgrade to Ethereum clients (known as the Bellatrix upgrade) occurred on September 6th, with approximately 74% of Ethereum nodes 'Merge ready'. The Ethereum Foundation has stated that by moving to PoS, the blockchain will reduce its energy consumption by approximately 99.95% –... read More



Colony Avalanche Index Launches to Offer Yield-Bearing Avalanche Ecosyst...

    [PRESS RELEASE - Paris, France, 6th September 2022] Colony Lab, the Avalanche ecosystem accelerator, has partnered with decentralized crypto index platform Phuture to launch CAI, the first index token offering exposure to the AVAX ecosystem. AI, or Colony Avalanche Index, is an investment tool to benefit from the growth of the Avalanche ecosystem as a whole through just one token. The CAI is a basket of both AVAX and Avalanche application tokens, spread into different thematic sections for DeFi, GameFi and others. In addition, thanks to an integration with Yield Yak, the CAI token is natively yield-bearing. The assets inside it are deployed to earn additional yield through the aggregator, offering a safe but effective way to compound gains. CAI is designed for investors who are excited about the Avalanche ecosystem but prefer to gain exposure in a calculated, more efficient way that optimizes capital for them. The network is a mere 22 months old, but it is already the third largest DeFi ecosystem by total value locked, in addition to very successful GameFi projects like DeFi Kingdoms, which run on their own subnets. The ecosystem will continue to grow and evolve rapidly, making it difficult to pick the ultimate winners at this stage. To account for the dynamism of the Avalanche Ecosystem, CAI will rebalance every month to always include the top assets by liquidity and capitalization. The dynamic rebalancing methodology ensures that CAI always stays allocated in the best-perfo... read More



AVAX Posts Over 2 Million Transactions Over The Weekend, New Highs Seen

    Avalanche (AVAX) has been leading a couple of prominent DeFi projects including Platypus. Platypus is a DeFi project built on the AVAX ecosystem that won the prestigious Avalanche X Grant. This DeFi protocol aims to provide a user-friendly and scalable stableSwap platform. More so, its dream is to create an Automated Market Maker (AMM) right on top of Avalanche that boasts of open liquidity and maximized efficiency in terms of capital. Additional assets can be integrated into the liquidity pool that can greatly enhance simplicity, ease of use, and flexibility. Platypus will be incorporating its first batch of voting gauges which will enable owners of vePTP tokens to get more rewards plus decide or vote on the placement of emissions. Voting power is regarded as extremely valuable in the DeFi space as it pumps up both liquidity and TVL. It’s interesting to note that the voting design of Platypus provides emissions without any presence of pause sliced in between votes. AVAX Posts ATH With 2 Million Transactions Notably, Avalanche was able to gross as much as 2 million transactions over the weekend which is now the most recent ATH for the crypto, boasting a spike that is astoundingly 4x more as seen in well over two months. More so, crypto analysts are in unison that AVAX will soar to new heights in the coming days. Evidently, Luigi DeMeo, Ava Labs head of DeFi, believes that subnets are a huge help and are just warming up. Conscious Lines collection and Crabada collection... read More



Qatari National Blockchain Blueprint Spotlights Benefits of the Technolo...

    Qatar's recently released 'National Blockchain Blueprint' has suggested that the technology, combined with a 'solid regulatory framework,' can help the country build an innovative information technology (IT) sector. However, for this to happen, Qatar must implement recommendations laid out in the blueprint.Qatar Said to Be Well Placed to Become Blockchain Hub A blueprint jointly drafted by Qatar's Communications Regulatory Authority (CRA) and two learning institutions, Hamad Bin Khalifa University and Qatar University, seeks to spotlight how blockchain 'can contribute to building an innovative and growing IT sector' in the country. Citing Qatar's small population and size, the document argues the country is well placed to become one of the leading countries in fostering blockchain innovations. However, before attaining its status as one of the biggest blockchain hubs globally, Qatar still needs to create an enabling environment for the technology to flourish. One of the ways of doing this, according to the 23-page document's summary, is by developing a 'solid regulatory framework.' In addition to helping bring in investors, such a regulatory framework is said to be needed by both consumers and innovators. 'Regulation is not only important to protect users and ensure security, but also to provide the adequate legal framework that allows blockchain innovation and adoption. This can be achieved by identifying the different domains of blockchain-based services, their associated r... read More



US, UK, Canada, Australia, Netherlands Share Crypto Criminal Leads, Incl...

    Officials from the U.S., U.K., Canada, Australia, and the Netherlands have shared data and identified more than 50 crypto-related criminal leads, including one case that could be a $1 billion Ponzi scheme.Officials Share Data on Global Crypto Crime The heads of tax enforcement from the Joint Chiefs of Global Tax Enforcement (J5) countries met in London this week to share intelligence and data to identify sources of illegal cross-border crypto activity, Bloomberg reported Friday. The J5 was formed in response to the call to action from the Organisation for Economic Co-operation and Development (OECD) for countries to do more to tackle the enablers of tax crime. It's comprised of the Australian Taxation Office (ATO), the Canada Revenue Agency (CRA), the Fiscale Inlichtingen- en Opsporingsdienst (FIOD), HM Revenue & Customs (HMRC), and the Internal Revenue Service Criminal Investigation (IRS-CI). During the meeting, the officials identified more than 50 crypto-related criminal leads, the publication conveyed. Jim Lee, chief of criminal investigations at the Internal Revenue Service (IRS), told reporters Friday: Some of these leads … involve individuals with significant NFT transactions revolving around potential tax or other financial crimes throughout our jurisdictions. He added that one lead 'appears to be a $1 billion Ponzi scheme,' noting that this lead 'touches every single J5 country.' Moreover, the officials have identified leads involving decentralized exchanges ... read More



Avalanche, BNB Chain, and Polygon Growth Stable Despite Q1 2022 Market H...

    Leading blockchain data analytics platform Nansen recently released its quarterly analysis report, which revealed that the crypto market had witnessed a decline in 2022 compared to its 2021 activity volume. The report, however, pointed out that the performance of leading blockchain networks, Polygon, BNB Chain, and Avalanche, remained fairly stable, with Avalanche standing out as a rising star among the pack. Polygon Sees Adoption According to the Nansen report, Polygon's scalability, energy-efficient PoS system, and low gas fees compared to other blockchains like Ethereum boosted its adoption in 2021 by almost 1,000%. However, the increased activity on the Polygon network came to an unexpected stop in the first quarter of 2022. But the average transaction volume on the L2 network remained fairly stable. Interestingly, it recorded a massive gas spike in Q1 2022, which was a sign of growing activity. According to Nansen, the spike in gas prices was caused by SunflowerFarmz, a Polygon-based blockchain game. The game's explosive growth in January had resulted in network congestion that sent gas prices skyrocketing. At its peak, the total daily gas fees paid by Polygon network users in January were almost 800% more than that paid in December 2021. BNB Chain Remains Industry Leader After peaking in Q4 2021, BNB Chain saw a massive decline in its on-chain activity in early 2022. However, Namsen noted that BNB Chain has continued to maintain its position as the industry leader and t... read More



Want to Dodge Your Crypto Tax? Learn the Risks From Koinly

    In recent years, the IRS has made one thing abundantly clear – if you make money from crypto, they want their cut. So if you're underreporting or outright avoiding crypto taxes, be warned: the penalties are steep. Before you take the wrong turn, learn the risks from crypto tax experts, Koinly. Is cryptocurrency taxed? The million dollar question – and the answer is a definite yes. Virtually every country in the world requires you to pay taxes on crypto. The exact tax you'll pay will vary – but in general you'll pay either Capital Gains Tax or Income Tax, or both in some cases. You can learn more about how crypto is taxed in your country in Koinly's crypto tax guides. What will tax offices know about my crypto? Now that Crypto has gone mainstream, tax offices are sending a clear message to investors – you can run, but you can't hide. As a digital asset, you might think there's no way your tax office can know about your crypto, but it's not the case at all. Tax offices including the IRS in the US, the ATO in Australia, HMRC in the UK, and the CRA in Canada are compelling crypto exchanges to share Know Your Customer (KYC) data on demand. This is done to ensure tax compliance and catch taxpayers avoiding crypto taxes. The IRS in particular have been using the John Doe summons to legally compel crypto exchanges to hand over user data. They've already won a John Doe summons against Coinbase, Kraken and Poloniex. So what happens if you're caught evading c... read More



NFT Sales Slid Lower This Week, Cronos NFT Volume Jumps 236% Higher, Azu...

    Last week, non-fungible token sales saw an improvement after tumbling week after week in terms of sales volume. This week, NFT sales are down 2.15% from last week's $544.6 million to this week's $539.2 million. The top NFT collection in terms of weekly sales was the Azuki compilation of collectibles, as the project saw a 318% increase in sales during the last seven days.Weekly NFT Sales Drop 2%, Cronos and Solana NFT Sales Spike Data stemming from the non-fungible token (NFT) economy indicates that sales are down this week by 2.15%. Statistics indicate that NFT sales across 16 different blockchain networks recorded roughly $539.2 million in sales this week. Metrics from cryptoslam.io show that the blockchain Ethereum captured most of the week's sales with $443 million settled. However, Ethereum-based NFT sales are down 7.36% this week. The blockchain with the most NFT sales this week is Cronos as the network obtained $1.3 million in NFT sales, up 236% in the last seven days. Following Cronos was Solana's sales, as $44.7 million in NFT sales stemmed from the Solana network. Solana-based NFT sales are up 96% this week, which is followed by Binance Smart Chain's 86% sales increase this week. The two biggest losers in terms of seven-day NFT sales include the blockchain Polygon down 51% this week, and the blockchain network Waves saw a 92% drop in sales. Azuki Collection Takes the Top Sales Position This Week, Art Blocks' NFT Fidenza #692 Sells for $993K The top collection this w... read More



Crypto Taxes in 2022: All You Need to Know According to Koinly

    Cryptocurrency users can face a lot of challenges finding the right information needed for reporting taxes. Koinly, a leading cryptocurrency tax calculator and portfolio tracker for traders, has created the ultimate guide to help. Koinly Presents The Ultimate Bitcoin Tax Guide for 2022 Crypto tax regulations and laws can be confusing, leaving investors with many questions about what crypto taxation looks like – how much tax to pay on Bitcoin and the tax rate? But do not worry. Koinly brings an ultimate crypto tax guide to help answer all the questions related to crypto taxes and more. Bitcoin, just like any other cryptocurrency, is not recognized as a fiat currency – like USD, GBP and AED, by almost all countries worldwide. For taxation purposes, crypto is an asset & is taxed just like any other asset – much like property, stock, or shares. So yes, taxes are due on Bitcoin. It does not matter where someone lives, as most taxation departments worldwide are cracking down on crypto and taxing Bitcoin and other cryptocurrencies. Each country has slightly varying views on crypto and its taxation. Koinly offers regularly updated guides on many countries, including the US and Canada too. Since Bitcoin is an asset for taxation purposes, the owner must pay a Capital Gains Tax anytime an asset is liquidated and disposed of. In what scenarios are Bitcoin disposals taxed? When Bitcoin sells for Fiat currency When Bitcoin/crypto swaps for another cryptocurrency, in... read More



Crypto Industry Maintained Activity in February Despite Geopolitical Ten...

    Dappradar just released its February 2022 Dapp industry report and found steady activity across the blockchain and DeFi space in the face of bearish market conditions. Meanwhile, the NFT market appears to have entered a consolidation phase. A Quietly Growing Industry According to the report from DappRadar, interest from governments and financial institutions in web 3 technologies is on the rise. They are finding increasing use-cases for blockchain and various ways to embed it into today’s society. Specifically, dApp usage is up 385% since February 2021 and is attracting 2.35 million unique active wallets (UAW) per day. Though usage is still technically down 5% from January, it holds remarkably steady given that crypto prices have been falling consistently since November. Last week, Bitcoin fell as low as $34k. Russia’s invasion of Ukraine on February 24th provided additional cause for concern. However, after a brief drawback, crypto actually appears to be thriving during the conflict. Bitcoin is now trading above $43k, making it more valuable than the crashing Russian ruble. Regarding NFTs, adoption remains on the rise even though trading volume is trending downwards. On-chain data suggests that unique traders and NFT sales counts have increased by 8% and 2% respectively, month over month. This indicates a growing user base, even though NFT sales shrunk by 28% to just $4 billion from the previous month. Finally, DeFi adoption trends have seen some of the most sign... read More



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