Cryptocurrency

Cryptocurrency News

‘ISIS terrorist’ Mohsin Ahmed: 10 things we know so far about the Jamia student NIA has arrested
India

‘ISIS terrorist’ Mohsin Ahmed: 10 things we know so far about the Jamia student NIA has arrested

The NIA arrested Ahmed during a search operation conducted at his house at Japani Gali, Jogabai Extention, Batla House, New Delhi

United States: Two Indians, friend charged in first ever cryptocurrency insider trading scheme
World

United States: Two Indians, friend charged in first ever cryptocurrency insider trading scheme

Ishan Wahi, 32, and his brother Nikhil Wahi, 26, are citizens of India and were residing in Seattle while Sameer Ramani, 33, resides in Houston

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

Chhattisgarh: Accounts of three Chinese nationals frozen in crypto fraud
India

Chhattisgarh: Accounts of three Chinese nationals frozen in crypto fraud

The action was taken based on a complaint lodged by one Dr Abhishek Pal, a resident of Rajnandgaon, who alleged that he had lost Rs 81 lakh after a Chinese woman lured him into investing in a cryptocurrency scheme by promising him three-fold returns

Cryptos can lead to dollarisation of economy: RBI officials to par panel
Business

Cryptos can lead to dollarisation of economy: RBI officials to par panel

There are an estimated 15 million to 20 million crypto investors in India, with total crypto holdings of around USD 5.34 billion

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

How a job scam revealed Rs 3,000 crore money laundering via cryptocurrencies
India

How a job scam revealed Rs 3,000 crore money laundering via cryptocurrencies

Money from this racket has already been siphoned off to countries like China and the Philippines using cryptocurrency wallets like Binance, Smart Cont, OK Coin, etc

Biggest risk of cryptocurrency for all countries will be money laundering, it being used for financing terror: Sitharaman
World

Biggest risk of cryptocurrency for all countries will be money laundering, it being used for financing terror: Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday participated in a high-level panel discussion on 'Money at a Crossroad' hosted by Kristalina Georgieva, Managing Director, IMF

'This is not a Tis Hazari Court', SC chides crypto scam accused
India

'This is not a Tis Hazari Court', SC chides crypto scam accused

The comment comes after non-compliance of its earlier order by a crypto-currency scam accused who did not share his username/passwords with the Enforcement Directorate

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

Hackers steal over $600 million in one of the biggest cryptocurrency heists
World

Hackers steal over $600 million in one of the biggest cryptocurrency heists

The haul was valued at $545 million when it was stolen on 23 March, but was worth about $615 million based on prices Tuesday, making it one of largest thefts ever in the crypto world.

Daler Mehndi buys ‘Balle Balle Land’ in Metaverse: Understanding what are virtual lands and why they are selling at a premium
News & Analysis

Daler Mehndi buys ‘Balle Balle Land’ in Metaverse: Understanding what are virtual lands and why they are selling at a premium

The noted singer became the first Indian to buy land in Metaverse. He follows in the footsteps of celebrities like Snoop Dogg and famous companies such as Samsung, Nike and Adidas who have invested in the virtual space

Lok Sabha approves 'crypto tax' amendments; 'detrimental to investor growth', says industry expert
Business

Lok Sabha approves 'crypto tax' amendments; 'detrimental to investor growth', says industry expert

Under the amended law, loss from crypto assets cannot be set off against gains in crypto assets as well

US president Joe Biden signs executive order on cryptocurrency as its use explodes
World

US president Joe Biden signs executive order on cryptocurrency as its use explodes

Under the executive order, Biden also directed the Treasury Department and other federal agencies to study the impact of cryptocurrency on financial stability and national security.

Russia eyes sanctions workarounds in energy, gold, cryptocurrency
World

Russia eyes sanctions workarounds in energy, gold, cryptocurrency

Experts expect Russia to try to mitigate the impact of the financial penalties by relying on energy sales and leaning on the country's reserves in gold and Chinese currency.

Budget 2022: Implications of crypto tax regime on common investor
Business

Budget 2022: Implications of crypto tax regime on common investor

Union Budget 2022-23: Gains from crypto, NFTs still considerably high; 30% tax rate may not discourage most investors

Government has sovereign right to tax profit made from cryptocurrency transactions, says finance minister
India

Government has sovereign right to tax profit made from cryptocurrency transactions, says finance minister

Nirmala Sitharaman said 'banning or not banning cryptocurrency would come subsequently' while answering questions posed about the Union Budget in Rajya Sabha

Next year's I-T return to have separate column for crypto income, says Revenue Secretary Tarun Bajaj
India

Next year's I-T return to have separate column for crypto income, says Revenue Secretary Tarun Bajaj

Bajaj said gains from cryptocurrencies were always taxable and what the Budget proposed is not a new tax but providing certainty over the issue

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.

Crypto assests are being taxed at 30%, but like cocaine they are not legal yet
Business

Crypto assests are being taxed at 30%, but like cocaine they are not legal yet

Now that the government has decided to tax these tokens, founders of the so-called crypto exchanges are again going to the market, falsely claiming their tokens have been recognised, legitimised