Page 45 - Cryptocurrency
Cryptocurrency service Nomad loses $200 million in hack, says report
Cryptocurrency service Nomad has suffered a "chaotic" attack, with hackers draining almost $200 million in digital funds from the company within a few hours.
 "Cryptocurrency service Nomad loses $200 million in hack, says report")
Top Headlines: Windfall tax revision, Jio's purchase of 700 MHz, and more
The government on late Tuesday increased the windfall tax on domestically produced crude to Rs 17,750 a tonne from Rs 17,000 a tonne earlier
 "Top Headlines: Windfall tax revision, Jio's purchase of 700 MHz, and more")
I-T dept likely to make PAN mandatory for cryptocurrency investors
I-T dept plans to seek statement of transactions from crypto exchanges
 "I-T dept likely to make PAN mandatory for cryptocurrency investors")
Cryptocurrency slump has flooded the market with Rolex and Patek
The supply of trophy watches such as the Rolex Daytona or Patek Nautilus 5711A "is now much larger", online-watch trading platform Chrono24 said in an emailed statement
 "Cryptocurrency slump has flooded the market with Rolex and Patek")
Crypto watch: Winter in the market is not over yet, argue experts
As the cryptocurrency market cap crossed $1.1 trillion mark on Friday and Bitcoin rose above $24,000, experts said that 'we are not there yet'
 "Crypto watch: Winter in the market is not over yet, argue experts")
Cryptoverse: What crisis? Venture capitalists bet big on crypto boom
Some VCs are shrugging off the gloom, with many deploying substantial war chests as their faith in the underlying tech behind crypto coins remains strong
 "Cryptoverse: What crisis? Venture capitalists bet big on crypto boom")
Crypto exchange CoinSwitch announces zero-fee 'Bitcoin Trading Fest'
The zero-fee trading offer extends to all bitcoin transactions, including SIP and limit orders as well as sale of bitcoins received as rewards for referrals and other promotional activities.
 "Crypto exchange CoinSwitch announces zero-fee 'Bitcoin Trading Fest'")
India needs to have progressive regulation for crypto assets: Experts
Blockchain technology is needed and can be used in governance, they say
 "India needs to have progressive regulation for crypto assets: Experts")
Crypto exchange Blockchain.com cuts 25% of its workforce, halts expansion
Leading cryptocurrency exchange Blockchain.com has laid off 25 per cent of its workforce, nearly 150 employees, amid the global economic meltdown
 "Crypto exchange Blockchain.com cuts 25% of its workforce, halts expansion")
Crypto logical extension of fintech, its use as asset, currency a challenge
Crypto technology as a means of payment is logical extension of fintech companies but challenges lies on its usage as an asset class and an alternative to currency, MoS IT Rajeev Chandrasekhar said
 "Crypto logical extension of fintech, its use as asset, currency a challenge")
Bitcoin climbs past $24,000 after a month amid hopes of softer Fed action
The world's largest digital token rose as much as 3.3% Wednesday to trade around $24,066, the highest level since mid-June
 "Bitcoin climbs past $24,000 after a month amid hopes of softer Fed action")
Crypto markets rebound but assets future in India uncertain: Experts
From April 1, a 30 per cent tax was applied on income from the sale of cryptocurrency. From July 1, an additional 1 per cent tax was applied in the form of tax deducted at source (TDS)
 "Crypto markets rebound but assets future in India uncertain: Experts")
Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD
FM Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on monetary and fiscal stability
 "Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD")
Crypto m-cap tops $1 trillion; Bitcoin breaches $22,000-mark after a month
Bitcoin, the largest cryptocurrency by market cap, regained the $22,000 level and was trading at $22,241.17, over 4 per cent higher than the last close
 "Crypto m-cap tops $1 trillion; Bitcoin breaches $22,000-mark after a month")
Global cooperation needed to regulate crypto: Sitharaman tells Parliament
RBI has called cryptocurrencies a 'real danger', listing their risk in its annual report
 "Global cooperation needed to regulate crypto: Sitharaman tells Parliament")
RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament
The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the govt, said Nirmala Sitharaman in a written reply
 "RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament")
Group representing Indian crypto exchanges to be dismantled: Report
The Internet and Mobile Association of India (IAMAI) is dismantling BACC after disagreement and allegations that crypto exchanges were not following an internal code of conduct
Crypto lender Celsius Network files for bankruptcy after cash crunch
Celsius, which has more than 100,000 creditors, said it took the step to stabilise its business and work out a restructuring for all stakeholders
 "Crypto lender Celsius Network files for bankruptcy after cash crunch")
G-20 meet: FM Sitharaman for info sharing on crypto, immovable assets
Tax evaders explore other avenues to shift their unaccounted wealth through investment in non-financial assets, Sitharaman pointed out
 "G-20 meet: FM Sitharaman for info sharing on crypto, immovable assets")
Crypto lender Celsius files for bankruptcy in New York after sharp sell-off
New Jersey-based Celsius froze withdrawals last month, citing 'extreme' market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market
 "Crypto lender Celsius files for bankruptcy in New York after sharp sell-off")