BUSINESS
Crypto industry to move Centre, seeking revision of 30% levy on transactions
In addition to specifying a 30 percent tax rate, the Budget also mandated an additional 1 percent TDS to be levied on crypto transactions that exceed a certain limit, with the intention of establishing a record trail
BUSINESS
2024 bitcoin halving to trigger another market frenzy, says Thai exchange
Valued at about $38,552.71, the world's largest cryptocurrency is almost 44 percent down from its all-time high of $68,789.73, which it touched back in November 2o21
BUSINESS
Crypto finds space in Budget 2022; here's what the industry thinks
The announcement was met with a mixed bag of industry responses- some muted, some positive, but all of them calling out for further clarity on its nuances in the days to come.
BUSINESS
Five personal finance expectations from FM, ahead of Budget 2022
Budget 2022: With the government's renewed focus on ease of living, a simplification of the tax regime, particularly for salaried taxpayers, could be on the cards.
BUSINESS
McDonalds-Tesla interaction fire fake Grimacecoins on decentralised exchanges
Internet fandom revealed that Grimace is simply a purple coloured being of an indeterminate species, potentially representative of a taste bud, which exists in McDonaldland, the cartoon metaverse of the popular fast-food chain
BUSINESS
The massive crypto sell-off : Markets wipe off $1 trillion since November 2021
A market capitalization of around $150 billion was wiped out over the last 24 hours collectively by various cryptos, with the global crypto market cap declining by 14.75 percent, currently standing at 1.57 trillion, per data from the crypto portal Coinmarketcap.
BUSINESS
Pakistan's FIA to launch crackdown on crypto dealers
The Federal agency also sent a notice to the world's largest cryptocurrency exchange Binance, citing an alleged scam that had duped many citizens of around 100 million rupees and asking the organisation to explain its linkage with at least 11 mobile applications associated with the fraud.
BUSINESS
US House panel to review crypto's energy impact on environment tomorrow
Per the Cambridge Bitcoin Energy Consumption Index, Bitcoin consumes around 137 terawatt-hour (TWh) per year, which is higher than the electricity requirements of some countries like Norway (124.3 TWh), Ukraine (124.5 TWh) and more.
BUSINESS
Banks urge Centre to extend emergency credit guarantee for small businesses till March next year
They have also sought additional 10 percent credit facility for companies that fall under the guarantee scheme
BUSINESS
Budget session not likely to see crypto bill being presented
The comes as the government waits for observations and technical insights from the upcoming pilot of the central bank's digital currency project expected to launch within the next few months.
BUSINESS
Crypto-related job postings jumped almost 400% in 2021, says LinkedIn
The job descriptions and titles majorly included terms such as bitcoin, ethereum, blockchain and cryptocurrency.
BUSINESS
Block CEO Jack Dorsey building an "open bitcoin mining system"
Focussing on how energy efficiency is a systemic problem involving the synthesis of silicon, software and integration, Block is already piecing together a team of systems and software engineers, as well as specialists in ASIC mining technology, along with collaborating with other industry players on the same.
BUSINESS
Asia's first crypto ETF on the cards, to be launched in India by Torus Kling blockchain
Global estimates suggest that the annual cryptocurrency derivatives trading volume stands at around $3.2 trillion, while the spot volume is approximately $2.7 trilion.
BUSINESS
Budget 2022: How will the government tax crypto-related income?
Reportedly, the Centre is mulling whether income from crypto-related activities can be treated as business income or capital gains.
BUSINESS
El Salvadore President lost $12 million of public funds in Bitcoin
Given that bitcoin saw a brutal start to 2022, touching new lows and registering an overall decline of 17.5 percent over the last few weeks, the present total value of the bitcoins held by the Salvadorean government would be worth $59 million.
BUSINESS
WazirX launches bilingual blockchain course, joins hands with Gurukula Kangri
On successful completion of the course, students will be awarded a certificate by the Gurukula Kangri. The course is aimed at equipping young individuals with in-depth knowledge about blockchain technology and the crypto landscape.
BUSINESS
GameStop enters the NFT space; to allow customers to buy, sell, trade
Many job listings put out by the company in 2021 indicated that the company was looking for "exceptional engineers, designers, gamers and marketers" to come aboard an Ethereum-based NFT project.
BUSINESS
Titan Q3 update | Jewellery segment grows 37% YoY, wearables revenue up on bouyant festive demand
With the jewellery demand staying buoyant between October and November, where the country celebrated festivals like Diwali, Dhanteras and more, Titan added 89 new stores over the last quarter, taking the total store count to 1,935.
TRENDS
Reliance Jio introduces UPI autopay in collaboration with NPCI
Reliance Jio’s integration with UPI autopay has made it the first player in the telecom industry to go live with the unique e-mandate feature that was launched by NPCI.
BUSINESS
Here's how much you would have earned had you invested Rs 50,000 in these cryptos in 2021
Crypto was the most popular word on Reddit in 2021, used over 6.6 million times on the site. Even more, the central American republic of El Salvadore went as far as adopting bitcoin as its official legal tender! The world was going gung-ho about crypto!
BUSINESS
What is Crypto Fear and Greed Index; how can it help investors?
The index, which tracks the overall market sentiment, ranges from 1-100, where 1 represents extreme fear and 100 represents extreme greed.
TRENDS
Haven't filed your ITR yet? Here's what happens if you miss the deadline today
The ITR filing deadline has been extended twice, first from the usual July 31, 2021, to September 30, and then eventually, to December 31
BUSINESS
HCL Technologies Stock Options Trust acquires company shares for Rs 700 crore
RSU is essentially a compensation plan that any company offers to its employees in the form of shares or cash, basis their performance or time in the company
BUSINESS
PM Narendra Modi recalls the life and teachings of Jesus Christ on Christmas
Christmas, which comes with the message of spreading peace, love and prosperity, just as people exchange gifts, sing carols and get together to honour the festive spirit. However, celebrations are yet again, overshadowed by the pandemic, as cases of the Omicron variant are on the rise internationally and restrictions are being put in place.
