After making a daily low of USD 42,947, Bitcoin is now trading at USD 43,603. Meanwhile, the second-largest cryptocurrency, Ethereum, is trading close to USD 3,077.

Let’s review some exciting crypto news stories in detail for today.

1- Launches Robust Interface To Calculate Crypto Tax for U.K. Users has announced the launch of its tax calculator for users of the United Kingdom. According to the tweet, this service is inbuilt with a country-specific automatic tax calculator interface. Therefore, users can calculate and file complex crypto taxes smoothly utilizing this application.

Notably, this service is free of charge, and users can generate their crypto tax reports in just a few clicks. The team is also working with professional tax advisers and guidance of laws for filing crypto taxes in the U.K. In addition, this report comprises accurate transaction history with an evaluation of taxable gains/losses. Additionally, users can import crypto transaction statements from supported exchanges and wallets, including the app.

2- Cardano | Chainlink | COTI Integration to Safeguard & Issue Stablecoin

Cardano has announced the integration of Chainlink price feeds to enhance its security and fetch reliable and accurate prices while performing transactions. With this integration, Cardano developers would utilize Chainlink’s robust oracle solution. Consequently, its information feeds for real-time market prices will be linked to Cardano. The team also plans to integrate data feeds related to insurance, sports, weather, gaming, and NFTs.

On the other hand, Cardano has declared to launch a new stablecoin on its blockchain. According to official reports, Coti will be the issuer of this new DeFi-focused stablecoin named Djed. Further, this new stablecoin is designed to ensure price stability and provide a tool for decentralized finance (DeFi) operations. Additionally, users can also pay the network’s transaction fees through this stablecoin, which will help to avoid high transaction costs.

3- DYdX Recorded More Processing Volume Than Coinbase

Decentralized derivatives exchange DYdX has recorded more processing volume than Coinbase’s spot markets for the first time. As per CoinGecko, DYdX has processed over USD 4.3 billion worth of trades in the past 24-hours. In contrast, Coinbase facilitated roughly USD 3.7 billion in volume.

On the other time, DYdX offers a range of perpetual contracts on various crypto assets. It empowers traders to enjoy leveraged positions without a fixed expiration date. Notably, DYdX founder Antonio Juliano also tweeted about this milestone on his Twitter handle. Hence, this milestone will entice more users base to take this exchange to the next level.

4- e-Money’s Stable Coin (eEUR) Listed On Osmosis Decentralised Exchange To Empower Users

e-Money has revealed to list its European stablecoin eEUR on the Osmosis Decentralised Exchange (DEX). This would encourage European region users to utilize Osmosis DEX and facilitate transactions using the native currency.

The e-Money protocol offers a wide range of interest-bearing, currency-backed stablecoins. Each token is backed by a reserve of assets denominated in its underlying currency. Hence, this feature will boost its adoption in the European region. In addition, users can also enjoy secured trading with their native currency.

5- Polygon | Lossless Integration to Enhance Asset Security Standard for Token Developers

In the last bit of top crypto news for today, we have lossless announcing its integration on the Polygon blockchain. According to the tweet, Polygon is known as Ethereum’s internet of blockchains that develops and joins Ethereum-compatible networks. Meanwhile, Lossless offers a DeFi hack mitigation tool for token creators through its fraud identification methods.

This integration helps Polygon Network to prevent users from any fraudulent transactions and rug pulls. In addition, this would temporarily freeze funds until suspicious cases are investigated thoroughly. In turn, this would help developers & projects to focus on their product development.

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