Page 17 - Cryptocurrency

Sebi plans to implement optional same-day settlement from March 28

Sebi chief says instantaneous settlement needed to tackle emerging competition from crypto world

Bitcoin above $71,000 as demand frenzy intensifies, hits new record high

Britain's financial watchdog on Monday became the latest regulator to pave the way for digital asset trading products after

Y-Combinator-backed Mudrex to offer Bitcoin Spot ETFs to Indian investors

It comes at a time when Bitcoin touched its all-time high of $71,677 on Monday mainly due to the enthusiasm around Bitcoin ETFs

Bitcoin miners are devouring electricity at record pace during crypto rally

Since February 2023, 13 of the top mining companies have placed orders for over $1 billion worth of specialized computers, according to data compiled by TheMinerMag based on public filings

Indian cryptocurrency exchanges hope for revival in Bitcoin rally

Indian cryptocurrency exchanges hope for a revival in sentiment as Bitcoin price is up nearly 50% in a month to over $66,000

Chargesheet filed against Chinese-origin directors in crypto mining case

A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday. A special court in Dimapur in Nagaland on Tuesday took cognisance of the prosecution complaint filed under the Prevention of Money Laundering Act (PMLA), the federal agency said in a statement. A total of 299 entities, including 76 Chinese-controlled entities in which 10 directors are of Chinese origin and two controlled by other foreign nationals, have been named as accused, it said. The Enforcement Directorate's (ED) case of money laundering stems from an FIR of the Cyber Crimes Unit of the Kohima Police. The Kohima Police had booked various people under the Indian Penal Code and the Information Technology Act for allegedly duping gullible investors by promising astronomical returns by mining ..

Bitcoin rallies to two-year high above $65,000, record high comes into view

The largest cryptocurrency by market value has gained 50% this year and most of the rise come in the last few weeks where inflows into U.S.-listed bitcoin funds have surged

Bitcoin set for biggest monthly jump since 2020 boom amid ETF boost

The largest cryptocurrency by market capitalisation was last up 3.4% at $62,205, having changed hands at $63,933 overnight, the highest since late 2021

Bitcoin nears $64,000, experts say it may beat previous high before halving

The surge in traffic on Wednesday triggered trading outages and displays of $0 balances for users of Coinbase, the largest US digital asset exchange

He should get 6 years in jail, pay back nothing: Sam Bankman's lawyer

Attorneys for the 31-year-old former crypto mogul made their recommendation to US District Judge Lewis A. Kaplan in a 98-page memo late Tuesday ahead of his March 28 sentencing

Bitcoin rises 39.7% in Feb, heads for biggest monthly gain since Dec 2020

The bigger bitcoin exchange-traded funds (ETFs), which were listed in the US on January 11, have seen a definite pickup in interest this week

Bitcoin tops $57,000 for 1st time in over 2 years, Ethereum crosses $3,200

Since the start of 2024, Bitcoin has gained 33 per cent, primarily due to the high demand of its recently launched ETFs

Grayscale's Bitcoin ETF exodus reaches $7.4 bn in first 30 trading days

That stands in contrast to the other nine freshly launched spot Bitcoin ETFs, all of which are sitting on net inflows since trading began

Crypto wrap: Bitcoin sees profit booking after touching $1 trn market cap

The focus this week shifted towards Ethereum, as it led prices ahead of Bitcoin and crossed the crucial $3,000 level before falling

Cryptoverse: Breezy bitcoin reclaims $1 trillion crown, up 22% this year

Its resurgence has electrified the broader cryptocurrency market, including ether and other digital coins, which has now exceeded $2 trillion, as per data from CoinGecko

Bitcoin reclaims $1 trillion market cap for first time since November 2021

According to experts, the upcoming Bitcoin halving in April may lead to the token retesting its all-time high level of $69,000

Crypto wrap: Euphoria around Bitcoin ETFs continues to help market rally

The price of Bitcoin has been going up as the date of next of halving, April 19, approaches

Bitcoin approaches $45,000 with US spot ETFs showing steady inflows

The largest cryptocurrency rose as much as 1.6% to $44,872 on Thursday. Bitcoin last traded above $45,000 on Jan. 12, the day after the ETFs began trading

Payments from crypto ransom attacks doubled to record $1 bn in 2023

Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion last year, compared with $567 million in 2022

I-T dept collects over Rs 1,260 cr in TDS from online gaming, crypto trade

The government has collected about Rs 1,260 crore in taxes till now this fiscal after a new TDS regime was brought in for online gaming and trade in cryptocurrency, CBDT Chairperson Nitin Gupta said Friday. About Rs 1,080 crore in taxes (under the tax deduction at source head) has been collected from online gaming and around Rs 180 crore through TDS has been mopped up during 2023-24 fiscal from the taxation of virtual digital assets (crypto currency), he told PTI during a post Budget interview. The data is till January 31. The Finance Act 2023 inserted a new section, 194BA, in the Income-Tax Act, 1961, with effect from April 1, 2023, which mandates online gaming platforms to deduct income-tax (TDS) on the net winnings in the person's user account. Tax is required to be deducted at the time of withdrawal as well as at the end of the financial year. Similarly, from April 1, 2022, income from transfer of virtual digital assets or cryptocurrencies is taxable at 30 per cent. Such income