Page 25 - Cryptocurrency

Crypto wrap: Market highly volatile amid mixed signals from macro data

In the last few weeks, the market was witnessing a bull run after the news emerged of several big entities showing their interest in Bitcoin but in the later part of the week, the market saw a sell-of

Report crypto income accurately to avoid mismatch during verification

New tax forms also require accurate reporting of income from intraday trading and retirement benefit accounts

Karnataka govt forms SIT to probe Bitcoin scam surfaced during BJP regime

Karnataka Home Minister G Parameshwara on Monday said a Special Investigation Team (SIT) under the Criminal Investigation Department (CID) has been formed to reinvestigate the Bitcoin scam. The Bitcoin scam had surfaced during the previous BJP regime in 2021 and the Congress, which was then in Opposition, had accused the government of trying to cover up the scandal as it involves big names. The prime suspect, Srikrishna Ramesh alias Sriki, was accused of hacking the state government's e-procurement website and siphoning over Rs 11.5 crore. There were also charges of cryptocurrency theft, drug peddling and cyber fraud relating to the case. The Home Minister said Additional Director General of Police Manish Kharbikar will head the SIT which, he added, can also take the help of technical experts since the matter relates to cyber crime. Before the Assembly elections in May, the Congress had promised the people of Karnataka that if it comes to power, it would reinvestigate the Bitcoin

CoinDCX partners with KoinX to allow crypto tax tracking on its platform

CoinDCX also said that it anticipates a 'significant' number of users benefiting from KoinX's tax assistance services

Crypto wrap: Bitcoin continues to stay over $30,000, Ethereum above $1,800

Among the most important developments in crypto markets was the King of England's assent to the UK's Financial Services and Markets Act

FTX starts talks to relaunch its international crypto exchange: Report

FTX has been holding talks with investors about backing a potential restart of the FTX.com exchange through structures such as a joint venture

Crypto exchange KuCoin to make KYC compulsory for all users from July 15

The users will also not be able to deposit more money for investment in their wallets but the withdrawals will remain unaffected

Have no associations with cryptocurrency of any form, says Ratan Tata

"If you see any articles or ads mentioning my association with cryptocurrency, they are absolutely untrue and meant to scam citizens," he added

Karnataka govt to reopen Bitcoin scam, to get it probed thoroughly

The Congress government in Karnataka on Tuesday said it will get the Bitcoin scam taken place during the previous BJP government thoroughly investigated. The case is likely to be handed over to the Criminal Investigation Department (CID), Home Minister Dr Parameshwara has hinted. Speaking to reporters in Hassan today, CM Siddaramaiah said all irregularities and scams of the BJP government including the Bitcoin scam will be probed. Parameshwara charged that the BJP tried to close the matter but the Congress government will get it investigated. "Regarding Bitcoin, I have said that whatever incident has happened will be thoroughly investigated. For whatever reason, the previous government had closed it. When we were in the opposition, we had said that we will get it investigated if we come to power. We will take all steps to reinvestigate it, Parameshwara told reporters here. He also said the Bengaluru Police Commissioner has written to the Director General of Police recommending tha

Bitcoin soars 20% in 11 days after BlackRock files application for spot ETF

BlackRock filed for a prospective spot bitcoin ETF on June 15, undeterred by the Securities and Exchange Commission's (SEC) past record of rejecting every such application

Crypto platform Mudrex launches AI chatbot SatoshiGPT for crypto education

Mudrex has developed SatoshiGPT, an inclusive platform designed to bridge the gap in crypto knowledge

Cleartax forays into crypto tax segment, expects 1 mn filings this year

The online tax filing company has integrated with over 100 crypto exchanges, including Coinbase, CoinDCX, Binance, and WazirX, to provide taxation services at one common platform 'CryptoTax'

Crypto wrap: Market seeing bull run as institutions jump into industry

BlackRock's application for spot Bitcoin ETF and Deutsche Bank's interest in crypto custody services have kept investors motivated in the last week

In Indian start-up technology churn, generative AI gets edge over Web3

Raise $7.1 million in funding across eight deals until June 1

Bitcoin breaches $30k-mark fuelled by Powell's comments, spot ETF filings

US Fed chair Jerome Powell on Wednesday said they see 'payment stablecoins as a form of money'

Bitcoin hits six-week high as financial titans step up crypto initiatives

The largest digital asset rose as much as 6.1% and traded at $29,789 as of 11:26 am in New York on Wednesday, lifting the token's rebound this year to almost 80%. Smaller coins such as Ether, Cardano

Fortnite's collab with Nike's NFT platform won't involve in-game NFTs

Video game company Fortnite collaborated with Nike's NFT platform, .Swoosh. The alliance doesn't integrate NFTs but involves crypto elements.

New crypto exchange backed by Citadel Securities, Fidelity goes live

A new crypto exchange backed by firms including Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp. said it's gone live, a move that could reshape the digital-asset landscape

Polygon-backed Davos Protocol raises Rs 10 crore in TVL in two months

The decentralized stablecoin claims to differentiate itself through transparency and decentralization, backed by various crypto assets managed on-chain

Crypto wrap: Fed's rate hike comment, SEC cases drag Bitcoin to 3-month low

Bitcoin fell to its lowest in three months on Wednesday after US Fed's statement hinted that it may increase the rates in the upcoming policy announcements