Page 9 - Crypto Trading

Budget 2025: No tax relief for crypto investors, new compliances introduced

Virtual Digital Assets (VDAs) are now classified as undisclosed income. So if unreported crypto gains are detected, tax authorities can levy a 60% tax along with a hefty 50% penalty on the tax amount

CBI busts Rs 350 crore nationwide crypto Ponzi scam, raids seven locations

The CBI has conducted search operations across seven locations after registering a case of Rs 350 crore crypto ponzi scam against seven persons, officials said Friday. The accused persons were allegedly running seven separate modules based in the cities of Delhi, Hazaribag, Bathinda, Ratlam, Valsad, Pudukkottai and Chittorgarh, taking money from gullible investors promising investments in cryptocurrencies, they said. "These ponzi schemes were being promoted through multiple social media groups. An analysis of bank account transactions and cryptocurrency wallets has revealed that the illegal proceeds from these schemes were being converted into cryptocurrencies to obscure their origin," CBI's spokesperson said in a statement. It is alleged that they had conducted transactions of over Rs 350 crore in these schemes, the officials said. On Thursday, the agency swooped down at locations in Delhi, Jharkhand, Punjab, Madhya Pradesh, Gujarat, Tamil Nadu and Rajasthan. During the searches,

HPZ Token scam: Fintechs deny reports of ED probe, freezing of accounts

The chargesheet has named 298 individuals in what could one India's largest cryptocurrency scams: The HPZ Token scam, operated by 10 Chinese nationals

Trump inks executive order to form internal working group on crypto

US President Donald Trump has signed an executive order to form an internal working group on crypto aimed at making America the world capital in crypto. It also prohibited the establishment of central bank digital currencies. Chaired by White House AI and Crypto Czar David Sacks, the working group would be tasked with developing a federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile. The other members of the group include the secretary of the treasury and the chairman of the Securities and Exchange Commission. Prohibiting agencies from undertaking any action to establish, issue, or promote central bank digital currencies, the executive order revoked the previous administration's Digital Assets Executive Order and the Treasury Department's Framework for International Engagement on Digital Assets which, the Trump administration claimed, suppressed innovation and undermined the US' ...

Donald Trump 2.0 presidency: What it means for stocks, H1-B visa, bitcoin

Here's how leading brokerages have interpreted Donald Trump's latest statements, and what his presidency could mean for trade tariffs, markets, crypto, H1-B immigration visa and other asset classes

$TRUMP meme coin jumps 73% to $9 bn market value ahead of his inauguration

Trump has promised to be a 'crypto president', and is expected to issue executive orders aimed at reducing crypto regulatory roadblocks and promoting widespread adoption of digital assets

$TRUMP meme coin nears $6 bn in market value ahead of Jan 20 inauguration

Trump plans to issue an executive order prioritising cryptocurrency, establish a Bitcoin reserve, and create a crypto advisory council to reduce regulatory hurdles

CoinSwitch moves to acquire WazirX users offering Rs 600 cr in recovery aid

At present, CoinSwitch has a base of over 20 million users. The programme aims to target about 4 million users of the WazirX platform

Trump crypto venture likely used by criminals, Iran-backed militants

World Liberty Financial Inc founded by the Witkoff family two months before November's US election with Trump as a financial beneficiary

At Gulf bitcoin gathering, Trump allies to bask in crypto's euphoria

President-elect Trump is World Liberty Financial's chief crypto advocate, and sons Eric, Don Jr and Barron are ambassadors, according to the WLF website

The NFT is dead, long live the NFT? A look at its lasting legacy

The giddy craze for nonfungible tokens brought the crypto crowd to art auctions. Now, long after the bubble burst, some still believe it did

Bitcoin at $100,000: Milestone likely to boost Indian investors' rush

At present, industry estimates suggest that India has around 40 million active crypto investors

Bitcoin crosses $100,000 on optimism over Donald Trump's crypto plans

More than 16 years after its creation, bitcoin appears on the cusp of mainstream acceptance, despite naysayers and a history of controversies

Bitcoin's bulls pull back as its quest for $100,000 runs into resistance

Groups of Bitcoin and Ether exchange-traded funds each posted record monthly net inflows in November, at $6.5 billion and $1.1 billion respectively

Authorities book 17 crypto platforms for GST evasion of Rs 824.14 cr

GST authorities have booked a Rs 722.43 crore tax evasion case against crypto exchange and Binance Group Company, Nest Services Ltd, Parliament was informed on Monday. In total, cases have been booked against 17 cryptocurrency exchanges for GST evasion of Rs 824.14 crore. Recovery of Rs 122.29 crore in interest, penalty and taxes has been made by GST authorities, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha. Central GST formations have detected Rs 40.51 crore GST evasion by Zanmai Labs Pvt (WAZIRX), Rs 16.84 crore by CoinDCX and Rs 14.13 crore by CoinSwitch Kuber. As many as four investors in virtual digital assets have been investigated by the Central GST authorities and Rs 1.76 crore evasion has been detected. Rs 2.40 crore has been recovered in taxes, penalty and interest. Chaudhary said total 47 Virtual Digital Asset Service Providers (VDA SPs) have been registered as Reporting Entities with Financial Intelligence Unit-India under the

Crypto hirings may see boom on regulatory clarity, Trump win: Report

Donald Trump's election win, coupled with his association with crypto advocate Elon Musk, has reignited optimism in the sector

Bitcoin hits record as traders bet Trump's victory will boost crypto

The price of bitcoin hit a new high on Wednesday as investors bet that former President Donald Trump's victory in the US presidential election will be a boon for cryptocurrencies. Bitcoin jumped nearly 8% to a record $75,345 in early trading, before falling back to about $73,500. Trump was previously a crypto sceptic but changed his mind and took a favourable view of cryptocurrencies ahead of the election. He pledged to make America "the crypto capital of the planet" and create a strategic reserve of bitcoin. His campaign accepted donations in cryptocurrency and he courted crypto fans at a bitcoin conference in July. He also launched World Liberty Financial, a new venture with family members to trade cryptocurrencies. Bitcoin is the one asset that was always going to soar if Trump returned to the White House," said Russ Mould, investment director at AJ Bell, a British online investment platform. After touching its new high, the market is now speculating about when, not if, it will

Bitcoin hits record high as traders bet on Trump's win in election

(A) Democrat win would have felt like a short term nail in the coffin," he said. "Probably not the case long term but the market is placing high importance on it." Smaller cryptocurrency ether also

Crypto exchange co WazirX battles liabilities, white knights yet to arrive

Crypto exchange may be engaged in talks with a bunch of platforms for a potential deal

WazirX reports 40% assets dip in reserves after July security breach

The decline in WazirX's holdings comes as the firm undergoes restructuring after a cyberattack led to the theft of over $230 million in July