NOT Financial News

05.02 / 03:09

Digital Ripple XRP coinbase NOT Why is Coinbase Not Adding New Currencies Right now?

Last week, when popular digital currency exchange Coinbase announced that it would not be updating its list of cryptocurrencies on offer at this point in time, ripple seemed to deflate. The value of XRP had soared at the end of the year, launching ripple into the number two spot for cryptocurrencies by market cap. On the news from Coinbase, though, XRP saw its value fall once again, dropping back below $3 per coin and causing the digital currency to slip into the third position on the list of largest virtual currencies by market cap. Why is it that Coinbase is not adding any new coins to its list of offerings at this time, particularly when interest in cryptocurrencies is continuing to build?

04.02 / 16:37

Provident Digital Citizens NOT India: Despite tax ‘legitimacy’, here’s why a ‘crypto ban’ is still not off the table

Soon after the Indian government’s announcement to bring the transfer of digital assets into the 30% tax bracket, Economic affairs secretary Ajay Seth has said that even a ban is still not off the table. Cautioning about risks of virtual assets, he stated in an interview,

03.02 / 22:23

Crypto Staking NOT No, IRS may not write off taxes on crypto staking rewards so easily, claim experts

Crypto news was abuzz recently with speculation of the U.S Internal Revenue Service (IRS) writing off the tax on income generated from unsold staked cryptocurrencies. Many, including crypto influencers on social media revered the implication derived from a district court ruling in Nashville.

03.02 / 10:03

UPS cryptocurrency Digital digital assets NOT Taxing Digital Assets Does Not Give Legality To Such Transactions: CBDT Chief

Taxing crypto assets will not provide any legality to their transactions, CBDT chief has said

03.02 / 09:09

regulation Altcoin IRS Tezos NOT Court victory precedent: IRS may not tax staking rewards until sold

A Nashville couple’s lawsuit over taxes they paid on unclaimed and unsold Tezos staking rewards is coming to an end with the Internal Revenue Service (IRS) agreeing to issue them a refund.

03.02 / 07:35

Blockchain Digital NOT CBDC on blockchain may not be the best idea, experts say

New Delhi|Mumbai: India’s central bank may consider other “centralised” technology models apart from blockchain — the popular digital transaction ledger — to host its proposed digital currency, officials and industry experts in the know of the matter told ET.Blockchain may not be the ideal technology due to its massive power consumption, more so in a country like India with its population of 1.3 billion, the sources said.Instead, the Reserve

02.02 / 16:51

cryptocurrency cryptos crypto tax cryptocurrency tax NOT India says crypto not illegal as it’s taxed just like horse racing bets

“They are in a grey area. It’s not illegal to buy and sell crypto,” Finance Secretary T. V. Somanathan said in an interview to Bloomberg Television. “We have now put in a taxation framework that treats crypto assets the same way we treat winnings from horse races, or from bets and other speculative transactions.” After years of dilly-dallying on how to treat cryptocurrencies, the government’s budget Tuesday proposed taxing income from the transfer of virtual assets at 30 per cent — effectively removing any uncertainty about the legal status of such transactions.

02.02 / 14:59

business cryptocurrency Budget 2022 crypto tax NOT Crypto tax will help I-T measure 'depth' of market; does not bestow legality to trade: CBDT Chief

The Budget announcement of taxing 'virtual digital assets' or crypto currencies will help the Income-Tax department measure the "depth" of this trade in the country, know the investors and the nature of their investments and it does not "attach any legality" to these transactions, CBDT Chairman J B Mohapatra said.

02.02 / 13:57

UPS cryptocurrency Digital digital assets NOT Taxing Digital Assets Does Not Give Legality To Such Transactions: CBDT Chief

Taxing crypto assets will not provide any legality to their transactions, CBDT chief has said

02.02 / 07:17

Blockchain Analysis Bitcoin WOO NOT Willy Woo: 'Peak fear' but on-chain metrics say it’s not a bear market

Bitcoin analyst and co-founder of software firm Hypersheet Willy Woo believes that on-chain metrics show that BTC is not in a bear market despite observing “peak fear” levels.

30.01 / 13:19

BTC Lowe's Bitcoin NOT Experts change their 2022 Bitcoin price prediction, and no it’s not close to $100K

After seeing a 50% drop in price from its peak last year, Bitcoin has been down the recovery road. It has gained close to 4% in the last 24 hours and has been hovering near $37,800 at the time of writing. While it is yet to breach the crucial support level of $40,000, the Bitcoin Fear & Greed Index seems to have stabilized at 24 from 28 January.

28.01 / 14:17

markets goldman sachs Bitcoin Bitcoin Price NOT Crypto hodlers may not get richer from mainstream adoption — Goldman Sachs

Bitcoin (BTC) and cryptocurrency adoption may not necessarily make its price higher in dollar terms, Goldman Sachs argues.

28.01 / 13:29

Blockchain Provident Digital Bitcoin NOT Rising Adoption of Crypto Will Not Gurantee Increase Prices: Goldman Sachs

Goldman Sachs Group Inc. voiced concern about cryptocurrency, saying investors should not be easily convinced about the narrative that a rise in the adoption of digital currencies will lead to higher prices.

28.01 / 12:59

cryptocurrency Money Bitcoin NOT Russia draws up roadmap to restrict cryptos but not ban them completely, according to document

Russian authorities have drawn up a "road map" that envisages restrictions on cryptocurrencies but not a complete ban as advocated by the central bank, according to a document seen by Reuters.

28.01 / 01:17

Blockchain Technology Adoption Cardano network NOT Cardano network at record capacity due to SundaeSwap launch, but not all users hail it as a success

According to both Cardano Blockchain Insight and pool.pm, the Cardano (ADA) network has maintained record capacity for nearly two weeks due to the launch of decentralized exchange, or DEX, SundaeSwap, the first of its kind to go live on Cardano. At the same time, the total value locked for the ADA blockchain reached a record of approximately $80 million, despite the recent fall in the token's price from the ongoing down market.

27.01 / 19:31

Porsche NOT DWS boss ‘will not be intimidated’ by furore over Porsche purchase, ESG claims

Asoka Wöhrmann, the chief executive of listed German asset manager DWS, said he will “not be intimidated” by allegations made against the firm over its ESG credentials and denied any wrongdoing after reports that he attempted to buy a €160,000 Porsche during his time at Deutsche Bank.

27.01 / 18:19

Digital debate NOT To ban or not to ban? Debate is on as Putin reminds Russia of its crypto-advantages

Russia is known for its freezing cold temperatures, breathtaking churches, and classical authors. But, regulatory clarity? Not so much. That may also explain why Russia’s stance on cryptocurrency mining and transactions have been a source of confusion for quite some time.

27.01 / 16:57

Dogecoin cryptocurrency McDonalds elon NOT Not McDonald’s, this burger brand might take Elon Musk up on Dogecoin offer

Tesla Chief Executive Officer Elon Musk’s offer to McDonald’s about eating a Happy Meal on television if it starts accepting Dogecoin, a meme-based cryptocurrency, as payment has caught the attention of other fast-food brands.

27.01 / 14:17

Porsche NOT DWS boss: ‘I will not be intimidated over ESG allegations’

27.01 / 11:35

COST Threat NOT Martin Gilbert: Asset managers must not ignore the threat of inflation

Martin Gilbert is the co-founder and former chief executive of Aberdeen Asset Management and abrdn. He is now chairman of Revolut and AssetCo.

26.01 / 21:41

Law film NOT Pope Francis urges parents not to condemn gay children

Pope Francis urged parents on Wednesday not to condemn their children if they are gay in his latest gesture of outreach to the LGBT community, long been marginalised by the Catholic hierarchy.

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