Page 34 - Cryptocurrency

FM Sitharaman calls for effective tax reporting regime on crypto assets

Finance Minister Nirmala Sitharaman on Thursday called for an effective tax reporting regime and information exchange between jurisdictions for crypto assets to combat offshore tax evasions

Crypto hackers set for record year after looting over $3 billion: Report

Hackers have become adept at exploiting weaknesses in the security, coding and structure of DeFi marketplaces

Crypto industry's winter deepens as trading volumes plunge, funds dry up

Volumes tumble over 80% in Jan-Sept; several entities receive 'drawdown notices' from investors

Indian-origin Sikh on trial for $10.4-mn crypto bungle in Melbourne

An Indian-origin Sikh and his partner, who received $10.4 mn from a cryptocurrency company by mistake, will face trial in Australia over allegations that they spent the money

Crypto.com labels mass layoff of 2,000 employees report as 'inaccurate'

Cryptocurrency exchange Crypto.com has said that the report suggesting that it laid off over 2,000 of its employees was "incorrect", media reports say

OECD releases global framework for exchange of info on cryptocurrencies

The exchange of information on cryptocurrency between countries will become automatic under the new framework propsed by OECD

Do we really need the e-rupee?

Despite rapid digitalisation, the use of cash has not diminished in India. Yet the adoption of the e-rupee is not a question of if, but when

Zuckerberg sets for 'Meta Connect' amid quality issues with VR project

Meta CEO Mark Zuckerberg is set to announce the company's progress towards building the $10 billion metaverse, as internal reports claim there are still several quality issues

RBI unveils features of digital rupee, plans to launch pilot soon

The CBDC shall appear as a liability on the central bank's balance sheet

Crypto hacked again in $100 million theft of Binance-backed blockchain

An exploit occurred on a bridge between blockchains and the issue is "contained now," Changpeng "CZ" Zhao, billionaire co-founder of Binance, the world's biggest crypto exchange, said on Twitter

Crypto weekly wrap: Binance hack, inflation fears keep volatility high

The biggest news of the crypto world this week was that roughly $100 million of Binance Coin was stolen by hacking. It has sent the price of Binance down by 4 per cent

Crypto exchange ZebPay applies for license in Singapore, also eyeing UAE

Daily trading volume on ZebPay has dropped from a high of $122 million in October 2021 to just over $700,000, data from Nomics shows

Over 51% of daily Bitcoin volume on crypto exchanges fake: Report

More than 51 per cent of the total Bitcoin trading volume on various crypto exchanges this year is fake amid volatile global economic conditions, a new report has claimed

Kim Kardashian settles with SEC over crypto promotion, to pay $1.26 mn

Kim Kardashian has agreed to settle charges brought by Securities and Exchange Commission and pay $1.26 mn for promoting a cryptocurrency on social media without disclosing the payment she received

More than 12,000 crypto coins become zombies in market slump: Report

Most blockchain projects are built around bespoke digital coins, which often function as user rewards and compensate developers for their woring them inck, giventive to stay involved

Indian crypto exchange WazirX fires 40% of staff amid downturn: Report

The laid-off employees were informed on Friday that they would be paid for 45 days and that they would no longer be needed to report for work, says the report

Bitcoiners hunker down for 'storms ahead' as retail investors stay away

Even with the narrative going around that crypto hung tough in the July-September stretch, the mood has remained sour

ED freezes crypto currency, Tether worth Rs 47.64 lakh under PMLA

The Enforcement Directorate has freezed crypto currencies and Tether, an Ethereum token that is pegged to the value of a US dollar, equivalent to Rs 47.64 lakh under the provisions of PMLA

Six months on, crypto tax leading to siphoning of India's wealth: Experts

The crypto industry is largely unregulated in India, and the central government, along with the Reserve Bank of India (RBI), have repeatedly refused to make cryptocurrencies legal

TMS Ep271: Free foodgrain, engineering workforce, crypto, abortion law

Was it prudent to extend the free foodgrain scheme? Which states produce India's engineering workforce? Are crypto markets in trouble? What is SC's ruling on abortion law? Answers here