Cryptocurrency

Cryptocurrency News

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

Budget 2022: Crypto sector hopeful of regulatory approval as Centre introduces tax on digital assets
Business

Budget 2022: Crypto sector hopeful of regulatory approval as Centre introduces tax on digital assets

Finance minister Nirmala Sitharaman has proposed 30 per cent tax on income generated at the sale of any digital asset, even as the regulatory structure on them remains unclear

Union Budget 2022: India introduces 30% cryptocurrency tax; how it will affect you
Business

Union Budget 2022: India introduces 30% cryptocurrency tax; how it will affect you

Union Budget 2022-23: The announcement of a heavy tax on crypto income has come as a big disappointment for crypto investors as finance minister Nirmala Sitharaman also gave no relief in case of losses

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

Budget 2022: Need for a systematic framework for cryptocurrency to build financial ecosystem
Business

Budget 2022: Need for a systematic framework for cryptocurrency to build financial ecosystem

Union Budget 2022-23: Cryptocurrency will support India's financial inclusion goals and also lower the cost and the speed of transactions all over the globe

NCB gets nod for 1,800 additional posts; cyber wing to crack down on crypto, Darknet drug deals
India

NCB gets nod for 1,800 additional posts; cyber wing to crack down on crypto, Darknet drug deals

As per its expansion plan, the Narcotics Control Bureau aims to have zonal offices, to be headed by deputy D-G level officers, in all states in a phased manner

India’s first crypto Index IC15 launched: All you need to know
Business

India’s first crypto Index IC15 launched: All you need to know

This index will measure and monitor the performance of 15 top widely traded cryptocurrencies that are listed on crypto exchanges in the world

Cryptocurrency update: Bitcoin and other cryptos decline in value; all you need to know
Business

Cryptocurrency update: Bitcoin and other cryptos decline in value; all you need to know

Bitcoin has lost more than $22,000 since it hit a record high in November and is currently up about 60 percent, year-to-date