Page 10 - Cryptocurrencies

Govt introduces new compliance requirements for crypto-asset transactions

Under the proposed framework, any prescribed reporting entity dealing in crypto-assets will be required to furnish transaction details within a specified period

Trump Memecoin likely generated at least $11 million in fees: Report

The crypto world was caught by surprise when the "official" Trump memecoin was released late on Jan. 17 by the former crypto skeptic turned supporter

'No query from ED': Paytm denies reports of facing probe in crypto scam

Paytm on Friday said it has not received any fresh notice, communication, or query from the Enforcement Directorate after reports suggested that the fintech firm is among companies facing a probe over cryptocurrency scam. The information published is "factually incorrect and misleading", Paytm said dismissing media reports that claimed ED is investigating eight payment gateways, including Paytm, in connection with a scam involving 10 Chinese nationals. Shares of One97 Communications, which owns the Paytm brand, fell 8.4 per cent during the day to Rs 773.90 but recovered partially and closed at 5 per cent lower on BSE. "...we confirm that we have not received any such new notice, communication, or query from the Enforcement Directorate regarding the matter mentioned in the media articles," Paytm said in a clarification to BSE terming the information published as "factually incorrect and misleading". Drawing attention to its previous letter dated September 4, 2022, regarding the ...

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' ...

$TRUMP coin rockets to $10 billion as Trump ushers in 'crypto golden age'

Trump-backed crypto ventures fuel market buzz, raising $1 billion in token sales and propelling Bitcoin to $104K, as $TRUMP hits $10 billion valuation

Melania trumps Donald in meme coin race, $MELANIA grabs $5 bn in market cap

Melania Trump's $MELANIA meme coin launch sparked a crypto frenzy, hitting a $5 bn market cap and causing a 40 per cent crash in Donald Trump's $TRUMP token within minutes

Jio Platforms debuts blockchain-powered 'JioCoin': All you need to know

JioCoins are blockchain-based reward tokens that users can earn for engaging with different mobile or internet-based apps as decided by Jio Platforms

$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

Bitcoin surpasses $100,000 amid possible early crypto action by Trump

The price of bitcoin topped USD 100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he's sworn in as president next week. Once a sceptic who said a few years ago that bitcoin seems like a scam, Trump has embraced digital currencies with a convert's zeal. He's launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the US into the crypto capital of the world. His promises including creating a US crypto stockpile, enacting industry-friendly regulation and event appointing a crypto czar for his administration. You're going to be very happy with me, Trump told crypto-enthusiasts at a bitcoin conference last summer. Bitcoin is the world's most popular cryptocurrency and was created in 2009 as a kind of electronic cash uncontrolled by banks or governments. It and newer forms of cryptocurrencies have moved from the financial fringes to the mainstream in wild fits and ...

Elon Musk rebrands as Kekius Maximus, adopts Pepe image on X: Here's why

Ahead of the New Year, Elon Musk has changed his name to cryptocurrency Kekius Maximus and changed his profile picture to a variation of the controversial Pepe the Frog meme

Crypto assets can negatively impact financial stability, says RBI report

The banking regulator emphasised the potential consequences of the widespread adoption of crypto-assets and stablecoins on an economy

Crypto wrap 2024: Bitcoin, altcoins remain popular among Indian investors

The recent Bitcoin rally in December saw the cryptocurrency surge past the $100,000 mark, drawing Indian investors to homegrown crypto exchanges

Donald Trump makes crypto and defence picks for his second-term team

Trump picks billionaire Stephen Feinberg official as the No. 2 at the Pentagon and appoints Michael Kratsios to lead tech policy at the White House

Raj Kundra questions ED on attachment of properties in Bitcoin scam

In the attachment order, it is clearly written that we have no evidence of any funds going to Raj Kundra, he said

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

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

Govt detects Rs 824 cr GST evasion by crypto firms: FinMin to Parliament

But only Rs 122 cr recovered, FinMin tells Parliament

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

Cryptocurrency's $1 trillion rally has yet to reprise pandemic-era mania

The banana comes from a viral conceptual artwork, Comedian, comprised of the fruit duct-taped to a wall, which Sun bought in a Sotheby's auction last week