City Budapestview, Hungary Financial News

16.02 / 07:11

crypto news coindcx CoinDCX partners with Solidus Labs to enhance protection against money laundering

Crypto trading platform, CoinDCX, has selected crypto-native risk monitoring firm Solidus Labs as a strategic compliance partner. CoinDCX claims to be India’s first crypto unicorn and the nation’s safest crypto exchange. The deal will improve the transparency on the trading platform. The partnership between CoinDCX and Solidus aims to protect its users from known forms of market abuse and a plethora of emerging crypto-specific risks, the company said.

16.02 / 05:41

crypto news IDO NFT Marketplace compliance Legion launches token using Sekuritance as compliance partner

Legion Network to launch a new LGX token on the Binance Smart Chain (BSC) on February 17. The new blockchain aims to bring tokens, NFTs, P2E games and metaverse together in a single super application. The IDO will be occurring on the new Sekuritance Portal. ‍An initial DEX offering or IDO refers to the launching of a cryptocurrency on a decentralized exchange (DEX). In an IDO, a blockchain project makes a coin's first public debut on a DEX in order to raise funding from retail investors.

15.02 / 14:07

Ethereum cryptocurrency price today avalanche Bitcoin Top cryptocurrency prices today: Bitcoin, Ethereum, Solana, Avalanche zoom up to 11%

All of the top digital tokens were trading higher in early trade on Tuesday, led by NFTs and DeFi tokens. Solana and Avalanche rose 11 per cent each. The global crypto market cap jumped as much as 5 per cent to hit the $1.95 trillion mark. Furthermore, the total crypto market volume rallied about 16 per cent to $72.23 billion.

15.02 / 13:35

cryptocurrency Exchange stocks Stocks land in your demat a/c... Where are crypto assets parked?

Cryptocurrencies, like stocks, can be bought instantly using an app. But there are major differences between the two assets in the investment process. When you click to buy stocks, the broking company, where you have opened a demat account, places an order on your behalf on the BSE or the NSE. The exchanges then find a match and relay transaction details to the depositories — CDSL or NSDL. These depositories process the actual transfer of shares to your demat account in two business days. Once you tap to buy crypto, the exchange, where you have an account, will find a match for you in the market, take delivery of the asset from the seller and then store it on your behalf. To invest in virtual currencies, you need to open an account with a crypto exchange, provide KYC details and load rupees in the platform’s bank account to trade on the bourse using that balance. Cashing out is also an instant process. Presented ByDid you Know?A statue honour

15.02 / 11:01

crypto news RBI Banning cryptos is the most advisable choice: RBI deputy governor

Mumbai: The Reserve Bank of India (RBI) deputy governor T Rabi Sankar Monday said that banning private cryptocurrencies is the best option for the country, reiterating its tough stand on the asset class. Sankar, who was speaking at the IBA Banking Technology Awards, told bankers that even the notorious early-20th century Ponzi schemes were better as the Ponzi plans invested in income earning assets while cryptos are just gambling instruments. “They (cryptos) threaten the financial sovereignty of a country and make it susceptible to strategic manipulation by private corporations creating these currencies or governments that control them,” Sankar said. “All these factors lead to the conclusion that banning cryptocurrency is perhaps the most advisable choice open to India.”

15.02 / 07:25

cryptocurrency Digital Currency RBI Discussions on with RBI on crypto, digital currency: Sitharaman

Sitharaman on Monday said discussions with regard to private cryptocurrencies and central bank-backed digital currency have been going on with the Reserve Bank and a decision will be taken after due deliberations. Sitharaman, in her Budget speech on February 1, had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year. She had also announced the government will levy 30 per cent tax on gains made from any other private digital assets from April 1. «On crypto, I have said that we are in the process of consultation. Whatever decision the government is going to take, will be after the consultation,» she said.

15.02 / 05:11

Blockchain Censor Black targets new 8 million jobs in MSME sector via blockchain

Censor Black on Monday announced it will target the creation of 8 million jobs over the next 3 years in the micro, small and medium enterprises (MSMEs) sector across the world. The Telangana-based platform extended its financial services by providing blockchain-enabled solutions to create additional revenue sources for manufacturing SMEs by tokenizing their under-utilized assets. Accessibility of finance is a big issue in MSMEs around the world, said Raghav Gupta, Founder of Censor Black, a collaborative Defi platform that serves investors and SME supply chains.

14.02 / 20:09

Bitcoin news Bitcoin Bitcoin Price Bitcoin conundrum: Will it soar to $100,000 milestone or slump to $35,000 levels?

Bitcoin did not have a strong start to 2022 as it remained under pressure in the new year. However, the recent token moved sharply in the last 10 days, before losing steam once again. After hitting the $45,000 mark, Bitcoin has seen sharp selling pressure and is heading towards its crucial support levels, technical charts suggest. Breaking these levels, the crypto behemoth is likely to fall to $35,000 levels, experts said. Investors are bracing for more gyrations in the numero uno crypto asset, as global worries threaten to squelch risk appetite across markets. The volatility, traditionally associated with cryptocurrencies, has been on full display in recent weeks.

14.02 / 19:17

cryptocurrency price today Ether Ether price today Shiba Inu Bitcoin fall Top cryptocurrency prices today: Bitcoin, Ether fall; Doge, Shiba Inu move up

Barring meme tokens like Shiba Inu and Dogecoin, all other top digital tokens were trading with cuts in early trade on Monday. Dogecoin and Shiba Inu jumped marginally, whereas XRP and Solana dropped up to 5 per cent. While Bitcoin’s price has meandered the last few days, the largest cryptocurrency by market value has staged a modest under-the-radar recovery from its wintertime swoon.

14.02 / 11:43

cryptos Budget crypto tax union budget Centre Crypto industry asks Centre to rethink on proposed TDS

budget proposal to impose a tax deducted at source, or TDS, on virtual digital asset transactions, saying it will be difficult to comply with. The industry also urged the government to reconsider the decision to levy a tax of 30% on current market value when crypto assets are gifted or given to employees as part of their remuneration, saying the tax is levied without waiting for the receiver to sell it and book any profit. These issues figured when representatives of leading domestic crypto exchanges met with finance ministry officials on Friday to discuss budget proposals, people familiar with the deliberations told ET.

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