Cryptocurrency Financial News
07.02 / 09:15
cryptocurrency
Tax
cryptocurrency tax
Bitcoin
Miners, minors and developers join investors in seeking clarity over crypto tax
“I earned over Rs 50,000 last year in crypto through grants and programmes but prefer to take my salary in US Dollars. Many Web3 companies offer to pay salary both in crypto tokens and dollars and many choose crypto tokens,” said 23-year-old Yash Pandey (name changed on request). “The coins that I earn help me to learn and experiment with building new things.”
07.02 / 07:03
Ethereum
cryptocurrency
NFT
Sky Mavis
Bitcoin
Cryptocurrency Prices Today: Markets surge marginally in green as Bitcoin, Ethereum rise
The global cryptocurrency market capitalisation rose 0.88 percent over the last 24 hours to $1.93 trillion while the trading volumes were down 11.16 percent to $63.96 billion.
07.02 / 05:05
cryptocurrency
Digital Currency
Crypto exchanges
Crypto exchanges to brief policymakers on TDS tangles
Mumbai: The industry body representing cryptocurrency exchanges has decided to reach out to relevant policymakers to brief them about complications arising out of the government’s move to levy a 1% TDS on all crypto transactions. The issue was discussed at the meeting of the Blockchain and Crypto Assets Council (BACC) on Saturday, where the overwhelming view was that this move would dent crypto trading volumes and drive small traders towards informal Person to Person (P2P) trading and decentralised exchanges (DEX).Crypto exchanges derive a large chunk of their revenues from traders who frequently trade and pay a small sum on every trade.
06.02 / 17:39
cryptocurrency
Queen Elizabeth II
Queen Elizabeth backs 'Queen Consort' title for Camilla
Britain's Queen Elizabeth has said she wants Camilla, Duchess of Cornwall, to be known as Queen Consort when Prince Charles becomes King.
06.02 / 10:13
Blockchain
cryptocurrency
Digital
central bank digital currency
India's Digital Currency To Debut By Early 2023: Report
Country's own official digital currency is likely to arrive by early next year
06.02 / 09:33
Ethereum
cryptocurrency
litecoin
Bitcoin
Cryptocurrency prices today: Bitcoin, Ethereum rise marginally
The global cryptocurrency market capitalisation rose marginally to $1.9 trillion over the last 24 hours from $1.88 trillion, while the trading volumes dropped to $71.88 billion from $91.22 billion.
05.02 / 06:33
Ethereum
cryptocurrency
stablecoins
Bitcoin
Cryptocurrency Prices Today: Bitcoin, Ethereum jump 9% each
The global cryptocurrency market capitalisation rose to $1.87 trillion over the last 24 hours from $1.70 trillion, while the trading volumes climbed to $90.36 billion from $68.72 billion on February 4.
04.02 / 20:01
Blockchain
Ethereum
cryptocurrency
Money
Second-biggest crypto hack attacks Wormhole bridge. Can we trust DeFi blockchain technology?
The second-largest decentralised finance (DeFi) hack occurred this week in an attack that swiped $320 million (€279 million), or 120,000 Ether, highlighting the growing trend of attacks on cryptocurrency platforms and concerns over security.
04.02 / 18:53
cryptocurrency
Adoption
NFT
Investing
Real and Artificial NFT Market Outperformed Crypto in January - DappRadar
While the crypto market was still down in double digits from its all-time highs, in January, the non-fungible token (NFT) market increased, even excluding artificial trades, per dapp (decentralized application) information provider DappRadar.
04.02 / 15:03
cryptocurrency
bitcoins
Bitcoin Backer MicroStrategy Pours $25 Million More Into Cryptocurrency
Bitcoin is currently trading just over $36,000.
04.02 / 12:17
Ethereum
cryptocurrency
defi
Jump Trading replaces stolen Wormhole funds after $320 mln crypto hack
cryptocurrency arm of Jump Trading said on Thursday it had restored more than $320 million to crypto platform Wormhole after the decentralized finance site was hit with one of the largest crypto heists on record. In a tweet, Jump Crypto said they chose to replace the stolen money «to make community members whole and support Wormhole now as it continues to develop.» Chicago-based Jump Trading acquired Certus One, the developer behind Wormhole, in August.
04.02 / 10:37
cryptocurrency
Personal Finance
Tax
Tax on cryptocurrencies: Book gains and escape crypto tax before March 31, say experts
Cryptocurrencies will now finally be taxed in India. In her Budget speech on February 1, Finance Minister Nirmala Sitharaman said the transfer of digital assets - and these includes cryptocurrencies and non-fungible tokens- will attract a 30 percent tax. Additionally, all transfers of such assets will attract 1 percent tax deducted at source (TDS). Even gifting such assets will attract the 30 percent tax.
04.02 / 08:05
cryptocurrency
cryptocurrency in india
Budget 2022
crypto tax
Global players cheer crypto tax as first step to nod
Mumbai: The worldwide crypto community has lauded India’s announcement to tax cryptocurrencies and develop a blockchain-based, regulator-backed digital currency as a significant step forward toward legitimising the asset class and encouraging innovation in blockchain technology. «This means that India recognises the importance of crypto, digital assets and their underlying technology, blockchain, too,» said Anndy Lian, Chairman of the Singapore-based BigONE exchange. «The next crypto bull market could be led by India.» On February 1, Finance Minister Nirmala Sitharaman announced the government would impose a blanket tax rate of 30% on the transfer of «virtual digital assets.»
04.02 / 07:17
04.02 / 05:27
Ethereum
cryptocurrency
NFT
Bitcoin
Cryptocurrency Prices Today: Bitcoin, Ethereum see a marginal dip even as Litecoin rises
The global cryptocurrency market-capitalisation rose 0.34 percent over the last 24 hours to $1.72 trillion, while the trading volumes were down 6.72 percent to $63.17 billion.
04.02 / 05:01
cryptocurrency
cryptos
crypto tax
cryptocurrency tax
Crypto community up in arms against 30 per cent tax
crypto community has started an online protest against the 30 per cent tax on crypto currencies announced by FM Nirmala Sitharaman on Tuesday. Until late Thursday, the hashtag # reducecryptotax was trending on Twitter. The change.org petition was started by Aditya Singh, Co-founder of CryptooIndia, and then amplified by popular social media influencers like Sandeep Bahuguna, Pushpendra Singh, and Kashif Raza.
03.02 / 21:01
Blockchain
cryptocurrency
Nature
WWF decision to sell NFTs labelled ‘astonishingly stupid’ by environmentalists
WWF has announced that it is planning to sell non-fungible tokens (NFTs) to raise funds for its conservation work.
03.02 / 17:39
cryptocurrency
Adoption
Entertainment
Bitcoin
park
Like Bitcoin, 'Fortune Favors the Brave' in New South Park Episode
Eric Cartman, one of the four central characters of the US animated series South Park, is perhaps best known for his affinity for profanity and expletives, but in the latest episode of the show, he uses his knowledge of crypto advertisement to give his friends a motivational speech.
03.02 / 15:43
cryptocurrency
Tether
Bitcoin
Fiat Fears Intensify as Turkey's Inflation Runs Wild; Citizens Turn to Bitcoin, Tether
The Turkish lira took another battering last month, with January inflation hitting a whopping 48.7% – leading some crypto advocates to point the finger at the ultimate failure of central banks’ monetary policies.
03.02 / 11:39
cryptocurrency
Budget 2022
crypto tax
CoinSwitch
2020
Budget 2020 slapping a 30% tax on crypto income will hurt new investors: Experts
The crypto industry is having mixed sentiments after the finance minister announced a 30 percent tax on income from cryptos and other virtual assets. In a panel discussion held by Moneycontrol, the experts welcomed the move but raised a number of concerns on its impact on the industry.
03.02 / 10:45
cryptocurrency
London
Inside ‘Chai Ada’, the first café in UK to accept cryptocurrency
A London café, owned by a Pakistani man, accepts cryptocurrency as a form of payment, the first to do so in the United Kingdom.
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