Page 25 - Cryptocurrency

Scamsters led by Chinese handlers dupe 15000 Indians of Rs 700 crore

The cash was converted into cryptocurrency after being passed through various Indian bank accounts and, subsequently, routed to China through Dubai

Over half of Indian crypto investors in for long term: WazirX survey

In the age group of 18-30 years, 40% of respondents said they have invested more than Rs 40,000 in digital assets

ChatGPT's Sam Altman launches eyeball scanning crypto project Worldcoin

Worldcoin deploys a small device, christened the Orb to scan people's eyeballs to create a unique digital identity

Bankrupt FTX sues former CEO Sam Bankman-Fried to recover over $1 billion

FTX said that the defendants continually misappropriated funds to finance luxury condominiums and other "pet projects", while committing "one of the largest financial frauds in history"

Crypto wrap: Market volatile on profit booking after last week's rally

The major beneficiary of Bitcoin's weakness has been Ripple's XRP token which now enjoys a market dominance of 21%

Sequoia Capital shakes up venture capital team, sheds two crypto investors

Longtime partner Michael Moritz is leaving the venture firm to focus on Sequoia Heritage, a wealth management business he helped start, Sequoia said Wednesday

G20 FMCBG meeting: Members find common ground on economy and crypto

Ukraine, international law remain sticking points

Financial Stability Board seeks measures to regulate cryptoassets

Authorities should, to the extent necessary, achieve regulatory outcomes comparable to those in traditional finance, the FSB said

CoinDCX collaborates with Jocata over anti-money laundering processes

The partnership with Jocata will enable CoinDCX to further augment its AML framework to navigate through the developing regulatory landscape

G20 FSB releases global guidelines for crypto firms to safeguard investors

"As recent events have illustrated, if linkages to traditional finance were to grow further, spillovers from cryptoasset markets into the broader financial system could increase," the FSB said

Crypto giant Binance lays off more than 1,000 employees, says report

Last week, a string of executives also quit Binance, which included its Chief Strategy Officer Patrick Hillmann

Crypto wrap: US Federal Court's ruling on Ripple leads to surge in market

Cryptocurrency news: Another reason for the surge was the lower-than-expected US inflation of 3% for June

Filing ITR for crypto gains: Here's your guide on taxation for VDAs

All cryptocurrency purchases, sales, and transactions are subject to a 30% capital gains tax on profits, with no provisions for reduced rates or deductions under Section 115BBH.

Caution about Bitcoin grows as jump in global markets bypasses crypto

The largest digital asset on Thursday mostly held losses of 0.7% from a day earlier, while stocks and bonds extended gains on bets that an end to Federal Reserve monetary tightening is getting closer

Google unveils NFT policy for Play Store to incorporate tokens into games

NFT investors, who have watched prices of their collections fall and interest in the digital-asset market wane, see the changes in Google's policy as a sign that the market is not dead yet

CoinDCX appoints Rajnish Vedi as the new head of customer experience

Rajnish Vedi will work towards improving the net promoter score (NPS) and customer satisfaction score (CSAT) by building seamless customer journeys, and transparent customer communication

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