Page 11 - Cryptocurrencies

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

Bitcoin's rally falls short after nearing the historic $100,000 level

The digital asset fell as low as $95,776 on Sunday after coming within $300 of the six-figure milestone on Friday

Crypto or not: Industry to focus on user protection, licensing regime

A consultation paper on the crypto sector is expected to suggest clarity on regulations after WazirX breach, says CoinSwitch co-founder

Crypto industry lobbies Trump, allies to capitalise on US election wins

After years in the political wilderness, crypto executives are scrambling to execute a policy wish list that could fundamentally transform the industry's standing in the United States

Bitcoin at $89,000: What does the law say about cryptocurrencies in India?

Income from cryptocurrency transactions is taxed at a flat rate of 30% in India, with an additional 1% Tax Deducted at Source (TDS) on transactions exceeding Rs 50,000 annually

What is driving Bitcoin's rally as it surges past the $89,000 milestone?

As Bitcoin reaches new heights following the US elections, we explore the key factors driving this surge and what it means for investors

Bitcoin rises above $80,000 for first time on optimism over Trump's victory

The cryptocurrency climbed as much as 4.7% to an unprecedented $80,092 on Sunday

Cryptocurrencies huge risks to financial stability, says RBI Guv Das

Cryptocurrencies are huge risks to financial stability, and monetary stability, Reserve Bank of India Governor Shantikanta Das said Friday, asserting it may create a situation where the central bank may lose control of money supply in the economy. I am actually of the opinion that this is something which should not be allowed to dominate the financial system. Because it has huge financial stability risks, it has huge monetary stability risks, it also poses risks to the banking system. It also may create a situation where the central bank may lose control of money supply in the economy, RBI Governor Shantikanta Das said during his appearance at the Peterson Institute for International Economics, a think-tank. If the central bank loses control of money supply in the economy, how does the central bank check liquidity available in the system? How does a central bank control inflation by squeezing money supply or by losing money supply in times of crisis? So, we see crypto as a big risk,

9,000 WazirX users wrongly receive moratorium support confirmation

WazirX, which is facing liabilities amounting to $546.5 million, had floated a user poll to measure potential interest in its moratorium application