Page 13 - Cryptocurrency

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

But only Rs 122 cr recovered, FinMin tells Parliament

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

BS Decoded: Bitcoin Surges to New Highs: Is the Crypto Winter Finally Over?

Bitcoin has soared past $89,000, signalling a potential end to the long 'crypto winter'.

Will book profit in cryptocurrency Bitcoin at $150,000 levels: Chris Wood

Bitcoin, meanwhile, has gained 164 per cent in the last one year - from a level of around $37,000 to nearly $98,300 now. This is despite the cryptocurrency halving in April 2024.

Cboe set to launch cash-settled Bitcoin ETF options as crypto booms

Crypto derivatives such as options and futures have been largely traded outside the US given regulations related to such contracts within the country

SEC Chair Gary Gensler who led US crackdown on cryptos to step down

Securities and Exchange Commission Chair Gary Gensler, who was aggressive in his oversight of cryptocurrencies, will step down from his post on January 20. Gensler pushed for changes that he said protected for investors, but the industry and many Republicans bristled at what they saw as overreach. President-elect Donald Trump had promised during his campaign that he would remove Gensler. But Gensler on Thursday announced that he would be stepping down from his post on the day that Trump is inaugurated. Bitcoin has jumped 40 per cent since Trump's victory. It hit new highs and was nearing USD 100,000 Thursday. Bitcoin moved notably higher after his resignation was announced. Perhaps most famously, Gensler gave a speech during the first year of his chairmanship in 2021 where he described the world of crypto as the Wild West. This asset class is rife with fraud, scams, and abuse in certain applications, he said in a speech at the Aspen Security Forum. There's a great deal of hype and

Bitcoin scam: The legality of cryptocurrencies in India explained

Bitcoin, the most well-known cryptocurrency, was created as a decentralised alternative to traditional financial systems

Bitcoin marches towards $100,000 on optimism over Trump crypto plans

Bitcoin prices topped $98,000 for the first time during European trading, and were last up around 4 per cent on the day

Bitcoin hits record $97,000 as cryptocurrency seeks direct line to Trump

The crypto market as a whole consolidated gains of approximately $900 billion since Trump's election victory on Nov. 5, based on data from CoinGecko

Trump team considers creating first-ever White House cryptocurrency role

Discussions about the crypto role have included the person leading a small staff, and acting as a liaison between Congress, the White House and the various agencies with jurisdiction over crypto

Need to be very careful of cryptocurrency, says DFS Secy M Nagaraju

Speaking at the State Bank of India (SBI) Economic Conclave, Nagaraju said, "I am very sceptical of cryptocurrency. RBI is also very careful on that. We need to be very careful."

Bitcoin rally: Book partial profits, full exit unnecessary unless needed

Institutional interest in cryptocurrencies is up, as is evident from the increased volumes in Bitcoin and Ethereum exchange-traded funds (ETFs)

Riding on Donald Trump's euphoria, Bitcoin breaks through $90,000 mark

The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched record highs. It was last up 5.49 per cent at $93,158

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

FTX sues Binance, Ex-CEO Zhao seeking 'fraudulently transferred' $1.8 bn

Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison

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

What a Trump victory means for tech world: Boost for crypto, Musk

Another Trump presidency will be good for crypto and Elon Musk, but every big tech company may not benefit

Bitcoin tops $71,000 for first time since June as US election nears

Bitcoin is viewed by some as a so-called Trump trade because Republican presidential nominee Donald Trump embraced digital assets during campaigning

Bitcoin traders refocus on $71,000 price level with cash flowing into ETFs

Cryptocurrencies dropped last week, following a report that US was investigating stablecoin issuer Tether Holdings Ltd. for possible violations of sanctions and anti-money-laundering rules

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,