Crypto Financial News

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

tax and GST on virtual digital assets, an official said. The set of Frequently Asked Questions (FAQ), which is being drafted by the Department of Economic Affairs (DEA), RBI and Revenue Department, would also be vetted by the law ministry, the official added. «FAQ on taxation of cryptocurrency and virtual digital assets is in works. Although FAQs are for information purposes and do not have legal sanctity, law ministry's opinion is being sought to ensure that there is no loophole,» the official told PTI.

Citigroup Inc. executives who left the bank last month have formed Motus Capital Management, a firm that wants to make it easier for high-net-worth individuals to bet on cryptocurrencies. Alex Kriete, Greg Girasole and Frank Cavallo are seeking to raise $100 million for a pair of actively managed hedge funds that will focus on digital assets, the three said in interviews. They are each founding partners of Motus, the Latin term that’s the origin of the word “motor.” “Clients are hungry for returns,” Kriete said. “They’re wanting exposure, but they have a hard time telling what’s scammy and what are real investment opportunities.”

crypto market, never has it been more important to distinguish between methodologies of buying into this sector. On the one hand, you have traders, on the other you have investors. While many assume the two are interchangeable, there are key differences in each player’s goal. Traders hold assets until they reach short-term success while investing is based on the buy-and-hold principle. Investors invest their money for some years, decades, or even longer. In the Bitcoin (BTC) market — HODL has become a mantra! HODL, an acronym for ‘hold on for dear life’, is the core philosophy that most BTC maximalists live by. To a hodler, (i.e, an investor) short term-price fluctuations are insignificant, while traders have defined levels of risk. To a trader, the ideal advice would be — if you’re losing money then end the trade at your defined stop-loss range, while for an investor the ideal advice would be to buy every dip and HODL. Choosing the right cryptos for long-time investment The last thing you should do when it comes to all things money is to go in blind and unprepared. Do the work, research, read everything you can about the sector, the coins, the projects, the tech. Don’t believe everything you read on social media; we’ve all heard of someone who invested in a cryptocurrency and benefitted a large return on investment.

Mumbai | Bengaluru: The launch of Coinbase Global Inc’s crypto trading platform in the country may have already hit a roadblock. The US-based company’s decision to allow clients to use the Unified Payments Interface (UPI) – a key digital payments railroad – for buying cryptocurrencies in India is under regulatory scrutiny, said sources directly briefed on the matter. Coinbase, which began offering its trading services in India on Thursday, said it was using UPI, which is managed by the National Payments Corporation of India (NPCI), to enable rupee deposits on its platform. NPCI, however, denied any knowledge of “any crypto exchange using UPI”, in a statement issued on Thursday.

The 28-year-old from Bangkok was playing Axie Infinity, one of a new breed of blockchain-based online games, dubbed «play-to-earn», which blend entertainment with financial speculation. These games can make for lucrative businesses amid the hype around NFTs and virtual worlds, attracting millions of players plus billions of dollars from investors who see the games as a way to introduce more people to cryptocurrency.

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

Cryptocurrency exchanges are hoping to rope in large institutional investors on one hand and trying to get college students to explore blockchain deals on the other to stem the drastic drop in daily trading volumes after India introduced tax on virtual digital assets. Many investors and traders are shunning crypto assets as profits will attract 30% tax from April 1. Not just the recent announcement of disallowing set-off would result in loss for most investors, shrinking risk appetite. All exchanges in India have seen a drop of at least 50% in the last few days compared to the trading volumes last year. This also comes at a time when exchanges are grappling with how exactly to compute the 1% tax deducted at source on each transaction.

Taki has raised $3.45 million through 11 marquee global investors. The token-powered platform is slated to launch in India next month.Crypto exchanges including CoinDCX, Coinbase Ventures, FTX, OKX Blockdream, Solana Ventures, Formless Capital, Gemini Frontier Fund, Luno Expeditions, Huobi Ventures, Kraken Ventures and Roka Works participated in the round. With the investment raised via seed funding, Taki plans to accelerate its product and technological development in the crucial operations such as proactive team building, hiring talent across functions and marketing activities.

Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Hot Drops, an NFT marketplace, has launched its own platform NFT.LA after raising about $2.4 million in the seed funding round. Hot Drops seeks to solve issues that have long plagued the entertainment industries, with the platform paving the way to be a leader in the protection of minors accessing adult content. «It is ahead of the curve on the enforcement of regulations being passed in several countries around the world, through uniquely age-verified accounts to purchase or view content and enforces an invite-only acceptance program for established creators. Hot Drops is shifting the paradigm of content being taken for free and rewarding loyal fans for purchasing content in a gamified experience,” a statement issued by Hot Drops stated.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.