Page 29 - Cryptocurrencies

Cryptocurrency tax: Budget 2022 unveils norms for virtual digital assets

The move, though limited to income tax, has sent the ball rolling for a regulatory framework of crypto assets

Cryptocurrency tax: Budget proposal spurs talk of legality, 'grey area'

Union Budget proposes taxing income from the transfer of virtual assets at 30%; FM says central bank will issues its own digital currency.

How Budget 2022 gives a digital thrust to pandemic-stricken Indian economy

In Budget 2022, FM Nirmala Sitharaman laid an emphasis on digital technologies and start-ups cutting across sectors-from agriculture and education to post offices, banking and more

Cryptos face mounting pressure; lack of policy clarity remains a headwind

China and India both host large crypto-trading communities, which are now uncertain about the future

Indian mythology makes it to NFT space with MetaMasters launch

World's largest cryptocurrency exchange Binance on Monday launched its first ever Indian NFT collection inspired by Indian mythology and Southeast Asian, Japanese and Chinese folklore. The Indian NFT Collection, MetaMasters, whose unique selling proposition is bringing good fortune '888 times more money, wealth & profits for its collectors' will be available for the 30 million global users of Binance. MetaMasters are powerful celestial beings that travel through the fabric of space and time to bring good fortune to its collectors. The first in the series would be MetaMaster MahaDev, according to the description on Binance. The floor price of the NFT has been set at USD 387.92 and 3,564 items have been listed for sale on Binance. MetaMasters have been created by Europe-based storyteller and NFT asset creator Sourav Roy and Singapore-based Tech entrepreneur and NFT artist Sandeep Bhatia. The series is being launched to mark the auspicious period between Chinese New Year, which ...

Bitcoin, Ether, memecoins steady after tumbling in crypto rout

Bitcoin, the largest cryptocurrency by market value, traded at about $35,350 as of 12:05 p.m. in Singapore.

Dollar edges up on Fed and Ukraine jitters, cryptocurrencies slip

Tensions in Ukraine have been increasing for months after the Kremlin massed troops near its borders, which the West says is preparation for a war to prevent Ukraine from joining NATO

Cryptos pause after weekend battering, other currencies wait for Fed

Attempts to predict when and how quickly central banks will raise interest rates and conclude stimulus programmes launched when COVID-19 hit are a major factor driving currency markets at present.

Crypto carnage: Bitcoin collapse wipes off $1 trn in the blink of an eye

Bitcoin was last hovering around $35K mark, after falling as low as $34,000

Increase regulatory focus on cryptocurrency: Pre-Budget expectations survey

A pre-Budget expectations survey on Saturday showed a growing demand for increasing regulatory focus on the cryptocurrency sector.

Bitcoin slips below $40,000 amid regulatory threats

Other cryptocurrencies were similarly in the red as investors offloaded risky bets in a volatile week for global markets

Amid risk aversion in equities, Bitcoin plunges to lowest level since Aug

The largest cryptocurrency dropped as much as 7.4% to $38,261, while second-ranked Ether slid below $3,000.

Twitter rolls out new feature bringing NFTs to profile pictures

Twitter Inc announced the launch of a tool through which users can showcase non-fungible tokens (NFTs) as their profile pictures

Matt Damon-endorsed Crypto.com admits 400 user accounts hit in hack

The CEO of cryptocurrency exchange crypto.com, a cryptocurrency platform endorsed by famous Hollywood actor Matt Damon, has confirmed that hundreds of user accounts were hacked and their funds stolen.

Covid LIVE: Delhi sees dip in new cases; Kerala, Karnataka report big spike

Delhi's positivity rate drops to 22% from 28%; Karnataka's COVID19 test positivity rate crosses 22% as daily cases rise to over 41,000 today

Bitcoin options shift has some bulls calling $40,000 the bottom

The world's largest cryptocurrency rebounded this week after falling below $40,000 for the first time since September on Monday

Coinbase buys futures exchange FairX for crypto derivatives push in US

Already registered with US regulators, the firm could give Coinbase the edge it needs in getting a derivatives marketplace up and running.

Are crypto bros overselling the decentralisation narrative of Web3?

The Web3 internet is presented as the paragon of decentralisation. But cracks are showing up on its edifice already

Cryptocurrencies post record outflows in first week of 2022: Report

Cryptocurrency investment products and funds had net outflows last week totaling a record $207 million, a report said

Crypto bloodbath: Bitcoin ETF goes from boom to bust after record US debut

With a 30% drop, the ProShares Bitcoin Strategy exchange-traded fund, ticker BITO, is now one of many 10 worst performers