Page 48 - Cryptocurrency

Onus of deducting TDS primarily rests on crypto exchanges: CBDT FAQ

In case the credit/payment between exchange and the seller is through a broker (and the broker is not seller), there has to be a written agreement that the broker would be deducting the tax

CBDT issues TDS disclosure requirements for cryptos, virtual digital assets

From July 1, TD) of 1% will be levied on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year, as the Finance Act 2022 has introduced Section 194S in the I-T Act

Crypto platform FalconX doubles valuation to $8 bn despite downturn

The San Mateo, California-based startup said Wednesday that it had raised $150 million in a Series D funding from investors led by GIC and B Capital, a previous investor.

GST Council may defer decision on taxing crypto assets in June 28-29 meet

Fitment panel proposes deeper study by Haryana and Karnataka and asks to submit report to the panel for further deliberations

Crypto, blockchain, NFT jobs in India jump 804% post Covid: Report

Job postings for cryptocurrency, blockchain, NFTs have grown 804 per cent between April 2020 to April 2022, according to a report.

Fake crypto exchanges duped Indian investors of Rs 1,000 cr: Report

Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the global crypto market tanks, a new report claimed on Tuesday.

Cryptoverse: As crypto markets tumble, lenders face a DeFi drubbing

Crypto lending may not be down and out, but it's certainly on the ropes

Crypto industry fears contagion as bitcoin price slips under $20,000

Bitcoin has lost almost 60% of its value this year and 37% this month alone in the cryptocurrency sector's latest meltdown

World shares show mixed response; Bitcoin holds steady near $20,000

European benchmarks were higher Monday after most Asian markets retreated, while the price of bitcoin hovered near USD 20,000. US futures advanced and oil prices fell back early Monday. The price of the world's most popular cryptocurrency remained near the psychological benchmark of USD 20,000 after bouncing during the weekend. At one point, bitcoin plunged nearly 10 per cent to under USD 18,600, according to the cryptocurrency news site CoinDesk. As of 0500 ET (0900 GMT) Monday, it was at USD 20,650.56. France's CAC 40 gained 0.2 per cent to 5,893.20. Germany's DAX added 0.2 per cent to 13,150.16. Britain's FTSE 100 rose 0.5 per cent to 7,049.87. US markets are closed Monday for the Juneteenth holiday. The future for the Dow industrials was up 0.4 per cent while that for the S&P 500 gained 0.5 per cent. As expected, China kept its 1-year and 5-year loan prime rates unchanged. Given China's struggle to bring outbreaks under control and its already faltering economy, rate cuts in

I will keep supporting and buying Dogecoin crypto, says Elon Musk

As all the leading cryptocurrencies get hammered, Tesla CEO Elon Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency he has been vouching about for years.

Bitcoin goes past psychological threshold of $20,000 after significant drop

The price of a bitcoin inched above USD 20,000 on Sunday after the broader crypto selloff dragged it below the significant psychological threshold a day earlier

Find the roaches and make a meal: Crypto's new name of the game

It was one of the most dramatic weeks in the short history of the cryptocurrency market

Bitcoin bounces after rout but vibe is still 'strongly negative'

The world's largest cryptocurrency climbed as much as 12% early Sunday, recouping some of its losses from a steep drop Saturday that sent the token to as low as $17,599

Crypto's excruciating week has traders bracing for the next crisis

In between, a nascent technocratic industry with grand ambitions to reinvent the financial system was rocked repeatedly by echoes of past crises in the old system

Dogecoin's investor sues Musk for $258 bn in US for illegal rackeetering

As millions of investors lose their hard-earned money in the global crypto meltdown, an American Dogecoin cryptocurrency investor has sued Elon Musk

Bill Gates blasts cryptocurrencies, NFTs as based on 'greater-fool' theory

Bitcoin plunged more than 15% Monday and another 5.4% Tuesday, part of a broader crypto selloff fueled by higher than forecast US inflation

Bitcoin sinks to fresh 18-month low of $20,079 as crypto meltdown deepens

The value of the global crypto market has tumbled 70% to under $900 billion from a peak of $2.97 trillion in November, CoinMarketCap data shows

'Get-rich-quick' days over for crypto investors post relentless sell-off

Global and domestic prices have been on a downward trail since November last year when Bitcoin prices hit a peak of close to $68,000 in international markets

Top headlines: Govt approves 5G spectrum auction; May trade deficit widens

Business Standard brings you the top headlines on Wednesday

Crypto update: Bitcoin's unrelenting selloff puts prices on verge of $20k

A market that started sliding late last year on expectations of tighter monetary policy is now showing signs of widespread panic