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MoS Chandrasekhar on Crypto meltdown: Indian investors saved by govt's prudent guardrails of taxation, exchange control
Business

MoS Chandrasekhar on Crypto meltdown: Indian investors saved by govt's prudent guardrails of taxation, exchange control

Union Minister Rajeev Chandrasekhar took to his Twitter handle and praised Prime Minister Narendra Modi for his ‘foresight’ and saving many Indian investors from going bankrupt

Delhi: 36-year-old held for duping man of Rs 17 lakh on pretext of investing in cryptocurrency
India

Delhi: 36-year-old held for duping man of Rs 17 lakh on pretext of investing in cryptocurrency

Police said Rs 3,84,897 was freezed in the bank accounts. Five debit cards and two cheque books of different banks were recovered from the accused

Kim Kardashian fined $1.3 million over crypto 'pump & dump': What Bollywood celebs can learn from the case
Entertainment

Kim Kardashian fined $1.3 million over crypto 'pump & dump': What Bollywood celebs can learn from the case

The SEC, it seems, wanted to make an example out of Kim Kardashian so other celebs don’t promote shady crypto schemes. Closer to home, Bollywood stars who are promoting crypto must be extra careful now.

Explained: Why Ethereum, the second most valuable cryptocurrency, is ditching its ‘miners’
World

Explained: Why Ethereum, the second most valuable cryptocurrency, is ditching its ‘miners’

Mining requires enormous computing power, which translates to huge energy consumption and, in many areas, greater greenhouse gas emissions at older power plants

Explained: Why El Salvador's Bitcoin experiment has proven to be a spectacular failure
World

Explained: Why El Salvador's Bitcoin experiment has proven to be a spectacular failure

A year ago, El Salvador became the first country to make Bitcoin legal tender. However, today just 20 per cent of the population use it for transactions, making it a cautionary tale of what happens when a country adopts a cryptocurrency

India's scepticism about cryptocurrency vindicated by global trends, saved investors from ruin, say experts
Business

India's scepticism about cryptocurrency vindicated by global trends, saved investors from ruin, say experts

According to cryptocurrency data aggregator CoinGecko, the total market cap of cryptocurrencies has shrunk by more than a third, down to around $930 billion from a high of about $3 trillion reached in November 2021

Asian markets mostly lower in cautious trading; bitcoin price steady at $20,000
World

Asian markets mostly lower in cautious trading; bitcoin price steady at $20,000

Shares fell in most Asian markets but rose in Hong Kong and India as worries over inflation and risks of a global recession from central bank efforts to bring it under control appeared to outweigh Wall Street's mostly positive close on 17 June, 2022

Explained: 5 Reasons why Bitcoin and other massive cryptocurrencies are crashing so badly
News & Analysis

Explained: 5 Reasons why Bitcoin and other massive cryptocurrencies are crashing so badly

The crash that major cryptocurrencies like Bitcoin and Ethereum have seen in the month of June has been worrisome even for long-term investors. The global crypto-market has shrunk from $1.02 trillion to $983.72 billion, an 11 per cent decrease. We see why the crypto markets have crashed this badly.

Cryptocurrencies are like 'a world of Caribbean pirates' in absence of regulation: Chief Economic Adviser
Business

Cryptocurrencies are like 'a world of Caribbean pirates' in absence of regulation: Chief Economic Adviser

The Reserve Bank, which is planning to launch its own central bank digital currency, has on many occasions expressed its reservation over private cryptocurrencies, citing concerns over macroeconomic stability

Bitcoin plunges below $30,000, lowest since July 2021
World

Bitcoin plunges below $30,000, lowest since July 2021

The world's largest digital token fell as much as 3.1 per cent to $29,992 in Asian trading. Ether fell as much as 3.7 per cent, while Solana dropped 8.2 per cent and Avalanche dipped 10.4 per cent

Central African Republic adopts bitcoin as legal currency, becomes second country to do so after El Salvador
Business

Central African Republic adopts bitcoin as legal currency, becomes second country to do so after El Salvador

The CAR is one of the world's poorest and most troubled nations, locked in a nine-year-old civil conflict and with an economy heavily dependent on mineral extraction, much of which is informal

Indian Boxing Council, TIAR announce 'people-owned' pro boxing league
Sports

Indian Boxing Council, TIAR announce 'people-owned' pro boxing league

The Hellsbay Fight League (HFL) is planned to be held outside India in August, and will run on a "unique concept of people's ownership".

'Speculative': CBI refutes reports claiming FBI team in India to probe 'Bitcoin scam'
India

'Speculative': CBI refutes reports claiming FBI team in India to probe 'Bitcoin scam'

The statement comes after the Congress on Friday asked whether the FBI is in India to investigate an alleged 'Bitcoin scam' which the party had accused the BJP government in Karnataka of covering up last year

Crypto-curious corporations struggle to find right recipe
World

Crypto-curious corporations struggle to find right recipe

Analysts say the total market value of cryptocurrencies has now topped $2 trillion, roughly half of which is bitcoin

Nawab Malik's son lodges FIR after man demands Rs 3 crore to facilitate his father's release
India

Nawab Malik's son lodges FIR after man demands Rs 3 crore to facilitate his father's release

According to the complainant, he received an email in which the sender, identified as Imtiyaaz, allegedly said he would try to get the Maharashtra minister out on bail and demanded Rs 3 crore in Bitcoin

10 Best Bitcoin Casinos and Crypto Gambling Sites in 2022
Business

10 Best Bitcoin Casinos and Crypto Gambling Sites in 2022

10 Best Bitcoin Casinos and Crypto Gambling Sites in 2022 We’ve found the best Bitcoin casinos using strict, player-created ranking criteria like game variety, crypto bonus ease, fast payouts, fairness, and more.

RBI to issue digital currency based on blockchain: What blockchain technology is, how it works
Business

RBI to issue digital currency based on blockchain: What blockchain technology is, how it works

Finance minister Nirmala Sitharaman on Tuesday announced that the Reserve Bank of India (RBI) will soon introduce digital currency based on blockchain technology.

Union Budget 2022: Set up separate ministry, initiate special digital literacy scheme for elderly, recommend NGOs
Business

Union Budget 2022: Set up separate ministry, initiate special digital literacy scheme for elderly, recommend NGOs

HelpAge India, a not-for-profit working for elder care, sought measures in three core areas — income and social security, health and geriatric care, and creating an enabling environment for elders

Union Budget 2022: Tax regime should not behave like tax terrorism but like tax partners, says Mukesh Aghi
Business

Union Budget 2022: Tax regime should not behave like tax terrorism but like tax partners, says Mukesh Aghi

The president of the US India Strategic and Partnership Forum said American companies are keen on investing in India as they believe that the fundamentals of the economy remain strong in the country

‘Consensus” at all party meeting to not stall Houses, says Centre amid Pegasus row
India

‘Consensus” at all party meeting to not stall Houses, says Centre amid Pegasus row

This comes after the Pegasus row had led to a washout of the last Monsoon session when a united Opposition did not allow both Houses to function and sought a discussion on the matter