Provident Financial News

Scaling, or the lack of it, has been a grave problem with the Ethereum network. While several plans to increase the platform’s throughput are in the pipeline, Ethereum co-founder Vitalik Buterin has not been shying away from highlighting its limitations.

Google has announced the release of a new threat detection system for Google Cloud Platform customers against crypto-mining malware.

One of the UK’s best-known retail fund managers is breathing a sigh of relief after dumping shares in Meta and PayPal ahead of the brutal selloff that wiped billions off the stocks.

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.

A grave setback engulfed India’s cryptocurrency market last week when the country’s government introduced a 30% tax on digital asset income. While some have heralded it as a step towards the legitimization of the sector, many investors are crying foul over the high tax rate.

Senator Pat Toomey, a senior member of the U.S. Senate Banking Committee, requested the U.S. administration to closely examine the Chinese digital yuan's rollout during Beijing Winter Olympics.

“Bitcoin family” Taihuttus immigrated to the crypto tax haven Portugal due to a 0% tax on cryptocurrencies, CNBC reported on Feb. 6.

Arvind Laddha

Senior dealmakers at large investment banks and boutiques have shared the spoils as a new ranking reveals the top bankers during last year's M&A boom.

Decentralized storage platform Filecoin has not had a brilliant run on the charts in the past few months. Since October, it has shed nearly 72% in value, from $80 to $22.3 at press time. It had hinted at the beginning of a downtrend in late September and has slid steadily lower on the charts since October. At the time of writing, a trendline of some importance appeared to be broken. Short-term bullishness had been brewing in the past week. However, the most pertinent question is- Can Filecoin break the bearish market structure over the next few weeks?

Besides their seemingly enormous potential for profit by everyday investors, cryptocurrencies and blockchain networks also have a seedier appeal as well. The anonymity provided by decentralized networks has enticed criminals of various sorts; some currencies and exchanges have been plagued by hacks and other nefarious activity. Now, a report by Cointelegraph suggests that a study from Germany's Goethe and Aachen Universities has unearthed eight files that show or link to sexual content, hidden within the blockchain for bitcoin, the world's largest cryptocurrency. There have been allegations that some of these image might link to child pornography, but Bitcoin Core developer Peter Todd told Cointelegraph that any links to child porn sites were found to be dead links.

India‘s Budget announcement was a mixed blessing, as some appreciated the clarity regarding taxes on crypto. However, others are strongly against the 30% tax on the transfer of digital assets. Amidst diverse opinions and strong emotions, investment analyst Anthony Pompliano shared his take on India’s update.

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,

Grocery delivery start-up Gopuff last fall moved into the ground-floor retail space of a new luxury apartment building on the Lower East Side of Manhattan, across the street from a bodega.

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

Ravi Mehta and Amrita Bhatnagar Hopes rode high as Finance Minister delivered her fourth Budget on February 01, 2022, with one of the key expectations being to provide clarity on the locus standi of digital assets built through crypto and block-chain technologies. These transactions had garnered massive interest especially in the last one year in India, with current ownership exceeding 100 million in numbers and $5 billion by value, as per select public domain reports.

Senior dealmakers at large investment banks and boutiques have shared the spoils as a new ranking reveals the top bankers during last year's M&A boom.

Are you planning a trip abroad? You may need to buy travel insurance to visit your destination country.