A road trip with Hyundai Tucson answers the question – Why is this car Hyundai’s global bestseller?

Hyundai has become a popular brand among automobile lovers. When one thinks of Hyundai, they unanimously agree on an impressive feature list, the absolute unit of value propositions on roads and a reliable customer service network. Let’s not forget the era demands larger, sassier-looking cars that meet not just one’s demand but eventually everyone connected with the one. Adhering to modern automotive demands, Hyundai’s global best-selling product is now available in India – Hyundai Tucson. A question arises, what makes this product an international bestseller? What other way to find out than driving this beauty on a road trip? Where are we headed? We’re heading towards the answers.

Is it the bold, premium and sporty design?

Hyundai designers were briefed to make Tucson an iconic and bold design. Thanks to the brief, Tucson now feels angular, humongous and beautiful. The front fascia feels like a sizeable smiling grille. Kudos to the clever engineering covering the five-point dark chrome parametric DRLs with nickel metal coating. Turn them on, and Tucson gets a distinct identity like no other car on Indian roads. Sharp creases on the body neatly camouflage the enormous length of the Tucson and bring a contemporary design language familiar to supercar manufacturers making a large vehicle. If that was not enough, the tail section is a piece of art with connected LED taillamps finished in mesmerising lit textures and a neatly hidden rear wiper underneath the spoiler. Complementing the design are 18-inch diamond-cut alloy wheels, purpose-built for tackling any road. Overall the new Tucson feels refreshing and eye-pleasing from the outside. 

The ivory-clad interior and plush ventilated seats with unique metal accents add a sense of space and splendour, coupled with a voice-enabled panoramic sunroof. The lines inside the cabin flow in a minimalistic design, adding to the definition of opulence. The LWB enables oodles of legroom and headroom with deep recline angles for the rear passengers and a boss mode found in premium sedans a segment or two above Tucson’s asking price. The interior of the Tucson makes it a comfortable, spacious abode with a focus on comfort, the luxury of a serene driving experience and class-leading safety features, including ADAS level 2 aided by front and rear radars with a front camera. This makes Tucson one of the safest cars available in India. 

Is it the features, performance, luxury, safety or something else? 

Available in multiple engine options – a 2L petrol (156PS and 192Nm) and a 2L diesel (186PS and 415Nm) with an AWD variant featuring multi-terrain modes (snow, mud and sand), the Tucson offers versatility. The transmission options include a 6-speed automatic on the petrol, while the diesel variants have a sleek shifting 8-speed automatic. The engines and transmission options offer linear, smooth power delivery, with the diesel tickling the enthusiast’s senses. The NVH levels are so darn impressive; they’re unlike any Hyundai we’ve experienced. Couple that with the ivory-clad spacious interiors, customisable seat positions on the front row and deep recline angles on the rear along with passenger walk-in mode, amplifying the sense of sumptuousness, unlike most competitors. With 4 disc brakes on all 4 tyres, level 2 ADAS with 19 class-leading features safeguard you, pedestrians, other cars and the precious Tucson from any nuances on the road. The braking performance is also linear despite all discs on all tyres and adds to the overall experience of plushness. 

Hyundai Tucson is one of the safest cars on Indian roads. The level 2 ADAS makes it almost impossible to collide the car with anything on the road. There are tonnes of customisations to customise the ADAS aids as per personal preference. Here’s a list of all the advanced driving-assistance system safety features for your reference. Forward Collision-Avoidance Assist (FCA), Car/Pedestrian/Cyclist + Junction Turning, Front collision warning (FCW), Lane Keeping Assist (LKA), Lane Departure Warning (LDW), Blind-Spot Collision-Avoidance Assist (BCA), Blind-Spot Collision Warning (BCW), Blind-Spot View Monitor (BVM), Safe Exit Warning (SEW), Driver Attention Warning (DAW), Smart Cruise Control with Stop & GO (SCC with S&G), Lane Following Assist (LFA), High Beam Assist (HBA), Leading Vehicle Departure Alert (LVDA), Rear Cross-Traffic Collision-Avoidance Assist (RCCA), Rear Cross-Traffic Collision Warning (RCCW) and Surround View Monitor (SVM). The 360-degree cameras offer high resolution and enable dynamic parking assist lines for added convenience. The considerable safety net with numerous features cocooned in luxury makes this car seem much more valuable than its asking price. 

Why is Tucson Hyundai’s global bestseller? 

We scouted out with the Tucson, searching for answers to why it is Hyundai’s global bestseller. Tucson’s unaccountable features, extensive safety net with the best-in-class package, and plush feel of the ivory-clad interiors make it a fantastic premium SUV for anyone looking to upgrade their driving experience into grandeur daily drives. Hyundai designers and engineers have hit the ball right out of the park regarding the new Tucson. No wonder this car is a global bestseller featured in blockbuster cinemas and is now available as a blockbuster in our daily drives. 

2.0L Nu Petrol – 156PS | 192Nm | 6-speed AT

2.0L R Diesel – 186PS | 415Nm | 8-speed AT

ADAS level 2 – 19 safety features 

360-degree cameras

60+ Bluelink features 

3 years unlimited warranty

 

17 AI tools to explore in 2023 – Time to get smarter with technology

Artificial intelligence (AI) leapt forward in 2022, reaching the masses. It’s everywhere! In 2023, a wide variety of AI tools will be available for exploration, each with unique capabilities and applications. With the right approach, these AI tools are significant for businesses and individuals. This article will look at 17 AI tools worth exploring in the upcoming year.

TensorFlow: This open-source software library is one of the most popular tools for machine learning and deep learning. It’s widely used for image recognition, natural language processing, and other tasks.

Keras: Another popular open-source library, Keras, is a high-level neural networks API that can run on top of TensorFlow. It’s easy to use and is well-suited for prototyping and experimentation.

PyTorch: This open-source machine learning library is similar to TensorFlow but is more focused on research and experimentation. It’s often used for computer vision and natural language processing tasks.

Scikit-learn: This library is built on top of NumPy and SciPy and is one of the most popular tools for traditional machine-learning tasks. It’s well-suited for regression, classification, and clustering.

OpenCV: This library focuses on computer vision and is widely used for object detection, image classification, and video analysis.

NLTK: The Natural Language Toolkit is a library for natural language processing tasks such as tokenisation, stemming, and sentiment analysis.

Gensim: This library is designed explicitly for topic modelling and document similarity analysis. It’s widely used for natural language processing tasks.

spaCy: This library is similar to NLTK but is focused on speed and efficiency. It’s often used for natural language processing tasks such as named entity recognition and part-of-speech tagging.

Hugging Face: This company provides a wide variety of pre-trained models for natural language processing tasks such as sentiment analysis and question answering.

DeepMind: This company, now a subsidiary of Alphabet (Google), is one of the leading research organisations in AI. They are known for creating AlphaGo, the AI that defeated the world champion of the Go game.

OpenAI: This company is also a leading research organisation in AI, focused on developing and promoting friendly AI. They released Chat GPT-3, one of the most powerful language models.

IBM Watson: This suite of AI tools from IBM is focused on natural language processing, computer vision, and other cognitive computing tasks.

Microsoft Azure: This cloud-based platform provides a wide variety of AI services, including machine learning, computer vision, and natural language processing.

Amazon SageMaker: This platform is specifically designed for machine learning and provides a wide variety of data preparation, model training, and deployment tools.

Google Cloud AI: This platform provides a wide variety of AI services, including machine learning, natural language processing, and computer vision.

Alibaba Cloud AI: This platform provides a wide variety of AI services, including machine learning, natural language processing, and computer vision, and is especially popular in Asia.

Baidu AI: This one is for people from China. This platform provides a wide variety of AI services, including machine learning, natural language processing, and computer vision, and is especially popular in China. China might not allow other AI tools, but Baidu AI is impressive. These are just a few of the many AI tools available today. As AI continues to evolve, it’s essential to stay up-to-date on the latest tools and technologies to take full advantage of AI opportunities. By exploring these tools and others, businesses and individuals can gain a competitive edge and stay at the forefront of the AI revolution.

Donald Trump’s NFT collection sells out in less than 24 hours

Who would have thought that former president Donald Trump will come up with his very own NFTs and also sell them out in under 24 hours? Not me certainly. However, truth is stranger than fiction and it looks like Trump has made a splash in the NFT market when nobody was seemingly interested in acquiring digital images. So is Donald Trump making NFTs great again? let’s find out

Donald Trump’s NFT collection

Trump’s NFT collection dropped at a time when the market volume of the tokens is down by 89% from its peak in January. Dune Analytics reports that the trading volume of NFTs on OpeanSea Marketplace is the lowest since June 2021. One of the most famous NFT projects, Bored Ape Yacht Club NFT can be acquired now just for $80,466 which is an 81% drop from its peak value. Thus, Donald Trump’s NFTs selling out in under 24 hours is a testament to his popularity among the red-hatters.

Despite the bad timing, Trump’s NFT collection easily shot up to the top of OpenSea’s marketplace ranking, raking over $1.4 million since its launch. The collection’s trading volume is 900 ETH whereas its floor price is about 0.19 ETH which is about $230. The price has currently surpassed the original ask of $99 which is rare in the current NFT market.

Trump digital trading cards are fantasy NFT cards based on the polygon blockchain. The trading cards portray an exaggerated version of Trump showing him as a super-human, an astronaut, and a boxer, among others. There is also a certain reward program attached to the trading cards as buying 45 Trump trading cards at one go gives users a ticket to a gala dinner with Trump himself. Many are suspecting that this proposition has led to Trump Trading Cards becoming a massive hit among his fanbase and crypto bros.

 

Microsoft bans crypto mining on cloud platform

It looks like the crypto community cannot catch a break. With news ranging from crypto billionaires dying mysteriously to the coins’ plummeting rates,  2022 was not entirely the year for crypto investors and enthusiasts. Now, another big blow to crypto bros has come from Microsoft which has decided to enforce new restrictions on cryptocurrency mining.

Microsoft bans crypto mining

Microsoft, one of the biggest players in the cloud computing arena has decided to take drastic measures to increase the stability of its cloud services. As a result, crypto mining has been axed from Microsoft’s cloud platform. There was no official announcement of the same as Microsoft quietly decided to ban crypto mining from its online services in order to protect its customers and clouds. The Register, a British tech news agency was the first to crack this development on December 15, 2022.

Microsoft introduced the new restrictions as a part of its universal license terms of Microsoft Online Services. Microsoft’s updated acceptable policy clarifies that crypto mining is now ‘prohibited’ on its platform without prior approval. The latest policy states that users now require users to obtain a written pre-approval from the company in order to use any Microsoft Online Services for crypto mining.

As per reports, Microsoft said that the latest restrictions laid upon crypto mining aims to protect the online service from cyber risks like fraud, attacks, and unauthorized access to customer resources. Furthermore, the company stated that it may consider permissions to mine crypto only for testing and research purposes, thus crypto whales running big mining operations on Microsoft cloud will take a massive hit with this development. Microsoft won’t be the first company in recent times to adopt the new restrictions. Earlier, Google also restricted users from engaging in crypto mining without the company’s prior written approval. Besides this, platforms like Oracle have banned crypto mining entirely, whereas Digital Ocean also requires users to take written permission.

Pixel 6a – A good phone, hard to recommend-Best of Google Pixel ‘a series

The Pixel ‘a series is one of Google’s most loved products. The last Pixel ‘a series from Google in India was the Pixel 4a, a good value proposition back then. Thanks to our overall population, India is one of the world’s largest smartphone markets. Companies value this market to a point where midrange smartphone categories introduce flagship-level features and more. Google takes a safe calculated approach with their latest Pixel 6a, hardware that has stood the test of time paired with the newest Tensor processor optimised for the phone and the latest Android software. Our test results are a mix of impressive and unimpressive opinions. 

Cut to curve 

The Pixel 6a is unmistakably a Pixel, thanks to similar design choices as the elder siblings Pixel 6 and 6 Pro. The front is protected with a tried and tested Gorilla Glass 3 coupled with matte finish metal edges, while the back of the phone is good quality multi-tone plastic. The camera bump is less pronounced thanks to older sensors used on earlier Pixels. Thanks to the clever choice of materials, with a comparatively mid-size 6.1-inch FHD+ 60Hz OLED display, this phone can be wielded in one hand with ease. Don’t let the images fool you. This may look like a rectangle but holding the phone reveals neat curves around the edges, making it pleasing. 

 

Heart of the matter 

With the elimination of the 3.5mm headphone jack, the new Pixel 6a brings better SOC in the form of a 5nm Tensor chip. Consider this to be equivalent to Snapdragon 860, if not better. The processor performs decently with 6GB RAM and 128GB UFS 3.1 ROM. Android 13 promises to optimise the processor further, but as with Android 12, the 6a is not the best ideal napper. It drains the battery like everyday light use when idle. The battery performance is average but could have been better, considering this phone only supports 60Hz or 60FPS display refresh rate on an OLED that can do decent HDR content viewing. 

Apart from pure Android OS with regular fixes and security updates, the highlight of using the Pixel algorithm-based camera sensors and added features in Google apps like a magic eraser, an AI-powered erase and fill tool in Photos. It uses the reliable 12MP sensor used in the past Pixels and another 12MP ultra-wide sensor. Like in the past, these sensors are ultra-reliable when taking a shot and 9/10 times, you will get a perfect shot with mindboggling software trickery that converts noisy night shots into miracle light captures. The pictures and videos with OIS and software stabilisation are one of the best. Colours, contrast, details, saturation and brightness are spot-on and absolutely social-media or memory worthy. 

The gaming performance is decent, but the software lacks optimisation on Android 12. The phone’s metal circumference dissipates heat evenly but can get uncomfortable over 45mins of continuous gaming. The display may be 60Hz, but the colour reproduction, contrast at all brightness levels and viewing angles are apt for regular users. If you’re using a 90Hz or above display, it might feel stuttery at first until your brain retrains itself. Call quality is good, and speakers perform better with crisp audio quality. Also, charging a 4410mAh battery with a maximum of 18W charge capabilities is not fast charging in this era. The compatibility issue adds to the frustration, where the Pixel 6a refuses to charge with most smartphone chargers or after-market chargers and cables. Haptic feedback and physical button presses have fantastic feedback. 

Verdict – If you are looking for a good camera phone or a significant decent additional phone apart from your iPhone, the Pixel 6a is a timeless pick. With nineteen 5G bands and support for years to come, this is an excellent midrange phone from Google.

Rating = 4/5

5nm Octa-core Tensor SoC with TPU

6GB DDR5 RAM

128GB UFS 3.1 Storage

Android 12 (Android 13 Update)

12MP Primary and 12MP Ultrawide cameras

8MP Front camera

4410mAh battery (18W charging)

Cure for the Incurable?

 

Cancer is the second-leading cause of death globally. In 2020 alone, cancer was responsible for nearly 10 million deaths. Scientists have conducted ongoing research and experimented to find a cure for this disease throughout history. The first cancer patient was cured in 1898 using radiation, a method used to cure cancer in the current times, and this is called chemotherapy. Chemotherapy damages the genes inside the nucleus of the abnormal cancerous cells. Although this treatment has a five-year survival rate of 90%, it is often pretty dangerous for people because of the excessive radiation exposure to the patients. The dangers of excessive radiation have motivated scientists to find a safer and more efficient way of curing cancer through research and experiments. 

In a recent trial on 18 rectal cancer patients in the US, cancer disappeared from each patient through a drug called Dostarlimab. Doctors at the Memorial Sloan Kettering Cancer Center in New York conducted the research published in the New England Journal of Medicine. “At the time of our report, no patients had had chemoradiotherapy or surgery.” researchers said in a media outlet study, which meant that the drug Dostarlimab didn’t require any surgery or chemotherapy to decrease the tumour. 

The trial is a fascinating breakthrough since nothing like this has ever happened in the history of cancer, where the cancer tumour has decreased/faded from each patient. Experts applauded the study because not all patients had significant adverse effects from the pharmaceutical experiment. 

Although this is exciting news, people should not be overly hyped about this because Dostarlimab is not 100% a cure for cancer and has significant side effects which make it undifferentiable from chemotherapy. “We do not know if it will work for other cancers, apart from rectal cancer, because testing and trials have not been done,” Dr Ashok Kumar Vaid. “(My) initial thoughts were that this was very exciting because patients were getting cured without any radiation, surgery, or chemotherapy. A deeper dive brings up questions,” Adds Dr Anil Heroor

Even though there are multiple drawbacks to this study, such as the cost of treatment, small sample size, and eligibility, this is an outstanding achievement for science. Everyone should hope for the best while being realistic. 

Top 7 pieces of advice for first time Crypto Investors

Back then, investing money in the stock market was everyone’s dream, but people were unsure about the outcomes and kept themselves away from investing in stocks. They say movies have always been a mirror reflecting the actual image of our society, and people started believing it when they watched Martin Scorsese’s “The Wolf of Wall Street.”

However, it wasn’t enough for a large population of our country and to conquer that, Hansal Mehta came up with a web series called “Scam 1992”, which showcased the story of Indian stockbroker Harshad Mehta. The series not only changed the life of an actor Pratik Gandhi who starred as Harshad Mehta but also changed the perception of people about the stock market.

Today, we’re walking on the same lines, but the place of investment has changed, at least for some. In the last few years, we have moved from traditional investments to mutual funds, SIPs and the stock market, but not many of us are taking risks to invest in a real player, the cryptocurrency, which is taking the world by storm and creating new benchmarks every day.

Even though the finance department of India said, “cryptocurrencies like Bitcoin or Ethereum would never become legal tender across India”, we have about 20-million people who have invested in cryptocurrencies. Then, who’s stopping you? The fear of where to invest or the complex process of investing in crypto? Whatever it is, we’re going to take care of it, especially if you’re a first-time crypto investor.

Top 7 pieces of advice for first time Crypto Investors

Stay alert and listen to the inner voice

The cryptocurrency was invented in 2008 by a person or maybe a group of people with the pseudo name Satoshi Nakamoto. Over the last decade, it has become the first investment choice for many people, but many media personalities and financial advisors have said it’s an over-hyped sector due to its volatile nature. Well, I would say – start small and invest a little, but don’t dare to ignore the hype.

Do a little homework before investing your hard-earned money

Scammers are everywhere, and with the help of advanced technologies, they’ll easily fool you, especially in the field of crypto investments, as it runs on digital platforms. Also, cryptocurrencies are not regulated and backed by any government authority, making it impossible to recover your investments in case of any fraudulent activities. Hence, play safe and do the homework first.

Look for a trusted and genuine trading platform

One should always do a background check of the place where they’re about to invest their money, and the same rule applies when you’re looking for a genuine trading platform for cryptocurrency exchanges. When looking for a trusted trading platform in India as a first-time crypto investor, one should always go with platforms such as Coin DCX, CoinSwitch Kuber, or WazirX.

Top 7 pieces of advice for first time Crypto Investors

The importance of KYC and documentation in crypto

KYC is a need of the hour, be it in bank accounts, cryptocurrencies, or any platform where you’re worried about theft, scam, and frauds. The KYC process saves you from fraudulent activities by taking and verifying your details, such as identity proof, address proof, PAN card, and driver’s licence. KYC offers improved customer transparency and trust, keeping you away from scams and frauds.

Don’t expect miracles and go in for a long term investment

Cryptocurrencies are here to stay, but they keep fluctuating day by day due to their volatile nature. Hence, being a first-time investor, don’t expect miracles and go in only for a long-term investment. The more you’ll wait and adhere with your patience, the more benefits you could have in the future. Thus, invest in crypto as soon as possible and wait for the right time to come.

Don’t listen to the social media and follow the 5-per cent rule

Be wise, and don’t fall for the social media trap where most influencers urge you to invest a massive amount of money in cryptocurrencies. Well, one should not invest more than 3 to 5-percent of their monthly or annual income in the crypto market, at least when you’re a newbie in the crypto world, as most of the coins have dropped by 60-70 per cent overnight in the past.

Invest in multiple cryptocurrencies instead of one

While investing in platforms like the stock market or cryptocurrencies, one should never invest a considerable percentage of their money in one share or coin. Being a newbie in the world of cryptocurrency, one should always prefer to invest in multiple cryptocurrencies as it’s more beneficial than investing in one sole type of crypto. The moral of the story – if you lose in one, you might gain in another.

5 Simple ways to make money with NFTs

Everyone wants to join the NFT parade, including you. However, the struggle to understand the process kicks most of us out of the race right away. NFTs are already over the moon and have the capability to make you a millionaire in a quick time. I hope you’ve heard the story of an Indonesian student who sold his years of selfies as NFTs as a joke and accidentally became a millionaire.

Currently, the NFT market stacks about $17 billion as the transactions worldwide jumped 21,350% from $82.5 million in 2020. A number of investors are looking at NFT as a side-hustle and a source of a second income but are not aware of where to start and how to indulge in an NFT drama? No worries, we have your back and it’s high time to take a look at the 5 ways to make money with NFTs.

Digital Artforms

Are you an artist who’s interested in auctioning or monetising your fully digital artwork? Well, if you’re an artist, then the NFT ride would be pleasurable for you as we have witnessed people who sold their digital artforms on NFTs and earned millions. You can create anything and mint money with it through NFT platforms but make sure you’re creating something practical and no more farts, please.

Trade NFTs

Everyone can’t be an artist, but you can always play your business card and trade NFTs. Some NFTs are worth millions, while some are damn worthless, and if you’re one of those people who understand the value of the art and are good at predicting the fate of the art, then start trading NFTs. Start buying less valued but potentially worth NFTs and make profits during resale.

Licensed Collectibles

We all were, and some of us still are, huge fans of trading cards. Owning a rare type of trading card, exchanging a trading card and buying a newly launched limited edition trading card was just another stupid habit we had during our younger days. Well, you can turn this tradition into a money-making machine now as the price of a digital trading card is unbelievable, particularly when you have a rare one.

NFT Gaming

We live in a time where people even earn through playing games, reviewing games and whatnot. Also, we at least have one friend in our group who can spend enormously on virtual items. In future, gaming companies (which are already worth billions) might offer in-game items as NFTs, and it might push the development of Non-Fungible Technology forward. Be quick, and get your kitty while it is free.

NFT Royalties

Back in the 20th century, wise men used to invest in real estate and rent it out to people, which provided them with a constant flow of income every month or on an annual basis. Now, in a tech-advanced world, you can create or purchase someone else’s NFT and set a 10% or 20% royalty on your NFTs, which will help you earn money every time someone buys your NFT.

Top 5 Cryptocurrencies in the World

Almost everyone adores cryptocurrency, but only a few dare to invest. When El Salvador became the first country to permit consumers to use cryptocurrency in all transactions, several crypto investors thought it would soon get a legal tag in their respective countries. However, to their surprise, not many other countries followed El Salvador’s footsteps, which deeply saddened crypto investors.

Now, looking at the current happenings around the world, we can say that the future of crypto entirely depends on how much time developed and developing countries take to legalize these currencies officially. The risk involved around the investment in cryptos, such as the risk of money laundering and terror funding, worries every country, and that’s why it is taking forever to legalize.

We can’t predict the future, but we can always work on our present. Thus, investing in a volatile market of cryptocurrencies could be a risk at the time, but if you invest in it systematically by working on implementing proper strategies at the right time, you might not believe it, but you could have a chance to get the benefits from it in the coming years.

Let’s take a look at the top 5 cryptocurrencies:

Bitcoin (BTC)

Market Capitalization – $880 billion

Value of 1 Bitcoin in Indian Rupee (as of 22nd April 2022) – ₹30,92,870.31

Bitcoin was created in 2008 by someone under the pseudonym Satoshi Nakamoto, and over the years, it became one of the most popular cryptocurrencies in the world. It was designed originally as a medium of exchange, but now it is primarily viewed as a store of value.

Ethereum (ETH)

Market Capitalization – $375 billion

Value of 1 Ethereum in Indian Rupee (as of 22nd April 2022) – ₹2,29,731.28

Ethereum was founded by programmer Vitalik Buterin in 2013 along with a few additional founders, including Gavin Wood, Charles Hoskinson, Anthony Di Iorio and Joseph Lubin. Ethereum is a programmable blockchain that finds applications in various areas, such as DeFi, smart contracts, and NFTs.

Tether (USDT)

Market Capitalization – $79 billion

Value of 1 Tether in Indian Rupee (as of 22nd April 2022) – ₹76.44

Tether is a stablecoin, and it’s backed by fiat currencies such as U.S. dollars and the Euro. Due to its non-volatile nature, Tether is preferred by many investors. Tether tokens are issued by the Hong Kong-based company Tether Limited, and the owners of Bitfinex control it.

Binance Coin (BNB)

Market Capitalization – $68 billion

Value of 1 Binance Coin in Indian Rupee (as of 22nd April 2022) – ₹31,384.25

The Binance Coin is a form of cryptocurrency which can be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin. Binance offers relatively secure options to invest in and trade cryptocurrencies. It is expected to climb up to the maximum price of $14,800 by December 2030.

Solana (SOL)

Market Capitalization – $45 billion

Value of 1 Solana Coin in Indian Rupee (as of 21st April 2022) – ₹8,293.88

Solana was developed in 2017 by a former executive at Qualcomm, Anatoly Yakovenko, with the current Solana board member and COO Raj Gokal. The native token ‘SOL’ powers the platform, and the coin hit its all-time high of $260.06 in November 2021 but since then it’s struggling somewhere around $100.

Classification of Cryptocurrency Under GST Law

Cryptocurrencies or digital currencies, as we call them, took many years to be acknowledged and understood by the authorities running the country. Currently, 18% of the Goods and Services Tax is levied on crypto exchanges’ services under the financial services category. 

Now the government is considering the classification of cryptocurrency under the GST law so that taxes can be charged on the entire value of the transaction. GST officers say that dealing with cryptos is the same as casinos, gambling, and betting, with 28% of the GST. However, there has been no precise classification of these digital currencies due to the absence of law. This is why it is difficult to put them in a legal framework of actionable claims. 

To understand actionable claims in a layman’s language, we have to understand that it is a claim to unsecured debt or a claim to a movable property that is not in possession of the claimant. 

The Budget 2022-23 proposed a 1 per cent TDS on payments towards virtual currencies beyond Rs 10,000 in a year. The threshold limit for TDS would be Rs 50,000 a year for specified persons, including individuals/HUFs who are required to get their accounts audited under the I-T Act.

The government is currently working on legislation to regulate cryptocurrencies, but no draft has yet been released publicly.

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