Page 41 - Cryptocurrency
SC asks Surjewala to approach HC against law linking Aadhaar with Voter ID
The Supreme Court asked Congress leader Randeep Singh Surjewala to approach the Delhi High Court with his plea challenging the Election Law Amendment Act
 "SC asks Surjewala to approach HC against law linking Aadhaar with Voter ID")
Govt's cryptocurrency stance: Heads I win, tails investors lose
The government has laid out clear rules on taxation of cryptocurrencies but has not said anything on what happens in cases of fraud
 "YES WORLD now holds a World Record-World's biggest percentage gainer CryptoCurrency in price within 24 hours of listing on exchange")
Crypto exchange Blockchain.com cuts 25% of its workforce, halts expansion
Leading cryptocurrency exchange Blockchain.com has laid off 25 per cent of its workforce, nearly 150 employees, amid the global economic meltdown
 "Crypto exchange Blockchain.com cuts 25% of its workforce, halts expansion")
2 Indians, friend charged in 1st crypto insider trading scheme: Official
Two Indian brothers and their Indian-American friend have been charged in the US in the first ever cryptocurrency insider trading scheme in which they made illicit profits totalling over a mn dollars
 "2 Indians, friend charged in 1st crypto insider trading scheme: Official")
Crypto logical extension of fintech, its use as asset, currency a challenge
Crypto technology as a means of payment is logical extension of fintech companies but challenges lies on its usage as an asset class and an alternative to currency, MoS IT Rajeev Chandrasekhar said
 "Crypto logical extension of fintech, its use as asset, currency a challenge")
Tesla profit tops target; Musk says high prices could hurt demand
Tesla also sold a majority of its bitcoin holdings, which led to smaller-than-expected impairment charges caused by a decline in the value of the cryptocurrency, analysts said
 "Tesla profit tops target; Musk says high prices could hurt demand")
Top headlines: RBL posts profit in Q1; Murmu ahead of Sinha in Prez poll
Business Standard brings you top news of the evening
 "Top headlines: RBL posts profit in Q1; Murmu ahead of Sinha in Prez poll")
Tesla sells 75% of its Bitcoin holdings after Musk said he doesn't dump
The carmaker had converted roughly 75% of its Bitcoin to fiat currency as of the end of June, adding $936 million of cash to its balance sheet, according to its shareholder letter
 "Tesla sells 75% of its Bitcoin holdings after Musk said he doesn't dump")
Bitcoin climbs past $24,000 after a month amid hopes of softer Fed action
The world's largest digital token rose as much as 3.3% Wednesday to trade around $24,066, the highest level since mid-June
 "Bitcoin climbs past $24,000 after a month amid hopes of softer Fed action")
Crypto markets rebound but assets future in India uncertain: Experts
From April 1, a 30 per cent tax was applied on income from the sale of cryptocurrency. From July 1, an additional 1 per cent tax was applied in the form of tax deducted at source (TDS)
 "Crypto markets rebound but assets future in India uncertain: Experts")
Bitcoin rallies to trade above $22,000; Ether, Avalanche advance
June's crypto wipeout has given way to a sharp rebound, with Ether up 47% this month and Polygon more than doubling
 "Bitcoin rallies to trade above $22,000; Ether, Avalanche advance")
Dutch central bank fines Binance for offering services without permissions
The fine was issued against Binance Holdings Ltd. in April 2022, following a public warning issued against Binance in August 2021, DNB said
 "Dutch central bank fines Binance for offering services without permissions")
Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD
FM Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on monetary and fiscal stability
 "Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD")
Crypto m-cap tops $1 trillion; Bitcoin breaches $22,000-mark after a month
Bitcoin, the largest cryptocurrency by market cap, regained the $22,000 level and was trading at $22,241.17, over 4 per cent higher than the last close
Global cooperation needed to regulate crypto: Sitharaman tells Parliament
RBI has called cryptocurrencies a 'real danger', listing their risk in its annual report
 "Global cooperation needed to regulate crypto: Sitharaman tells Parliament")
RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament
The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the govt, said Nirmala Sitharaman in a written reply
 "RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament")
Reserve Bank remains net buyer of US currency in May; buys $2 billion
The Reserve Bank of India (RBI) remained net buyer of the US currency in May, after it purchased USD 2.001 billion on net basis from the spot market, the RBI data showed.
 "Reserve Bank remains net buyer of US currency in May; buys $2 billion")
Group representing Indian crypto exchanges to be dismantled: Report
The Internet and Mobile Association of India (IAMAI) is dismantling BACC after disagreement and allegations that crypto exchanges were not following an internal code of conduct
Crypto lender Celsius Network files for bankruptcy after cash crunch
Celsius, which has more than 100,000 creditors, said it took the step to stabilise its business and work out a restructuring for all stakeholders
 "Crypto lender Celsius Network files for bankruptcy after cash crunch")