Trump calls for US to be ‘crypto capital of the planet' in appeal to Nashville bitcoin conference
Trump also promised to remove Securities and Exchange Commission Chair Gary Gensler if elected and implement a crypto advisory council, teasing the crowd by asking attendees if anyone wanted to join.
No evidence of compromised machines, attack originated from Liminal's infrastructure, says WazirX
Liminal is a wallet infrastructure and digital asset custody solution provider, which counts Zebpay, Pi42, Central Bureau of Investigation (CBI) and Himachal Pradesh (HP) Police as its customers among others.
WazirX’s $230-mn hack will stall the crypto industry’s progress with regulators
Around 33 percent of crypto users in India have accounts and hold balances with the digital assets exchange.
Will crypto asset investors get a reprieve in Budget 2024?
Budget 2022-23 had brought in regulations mandating that gains arising from virtual digital assets (VDAs) or crypto assets be taxed at a flat rate of 30 percent irrespective of the individual’s income tax slab rate. In addition, a 1 percent TDS was introduced on every transfer of such assets.
The $230 million crypto theft at Wazirx a wake-up call for Indian regulators, government
Time and again, the RBI has been cautioning investors on crypto currencies, calling it gambling. This market has been drawing more investors, despite India not having a regulatory framework on crypto. This scenario can’t continue
Six crypto tax mistakes to avoid when filing income tax for FY 2023-24
If you've dabbled into crypto investments, you must provide detailed disclosures in the newly introduced Schedule VDA (Virtual Digital Assets) when filing returns before July 31. Unlike other assets, you cannot offset crypto losses against capital gains from other assets, such as the sale of mutual fund units or stocks.
Bitcoin below $55,000, down fourth day as Mt Gox repays creditors
The selling in bitcoin is in contrast to the record run on global equities, especially in US and Japan.
Budget 2024-25: Crypto firms call for tax reductions, regulatory clarity
Industry experts believe that the introduction of the crypto tax was a positive step that showcased India’s willingness to adopt a progressive approach, but now is time for the government to treat the crypto sector on a par with other industries.
Binance must face bulk of US SEC crypto lawsuit, judge rules
The regulator also accused Binance of unlawfully facilitating trading of several crypto tokens the SEC deemed unregistered securities.
US Treasury finalizes new crypto tax reporting rules
The new requirements aim to crack down on crypto users who may be failing to pay their taxes, and stem from the $1 trillion bipartisan 2021 Infrastructure Investment and Jobs Act. At the time the bill was passed, it was estimated that the new rules could bring in close to $28 billion over a decade.
VanEck sets 0.20% fee for proposed spot ethereum ETF
The SEC approved applications from Nasdaq, CBOE and NYSE last month to list ETFs tied to the price of ether, potentially paving the way for the products to begin trading later this year.
Business in the Week Ahead: June 24-28
Atleast two new IPOs will open for subscription. Central government expenditure (budget balance) and money supply are the other data points to track.
Binance to pay FIU-IND Rs 18.82 crore fine to restart India operations
This comes months after nine offshore exchanges in India were blocked for not registering and following local anti-money laundering regulations under the Prevention of Money Laundering Act (PMLA) 2002.
Crypto exchange Giottus lists 43 new tokens to invest in
With this, total tokens listed on the platform has crossed over 300, which the startup claims are the highest number of assets on an exchange.
Tomorrow's investors: How children are learning about personal finance
Moneycontrol interacted with three children aged 9-14 years to understand their budgeting and investment skills, and how they manage debt. We also asked them what they had learnt from their parents' investing mistakes.
Iconic Shiba Inu dog 'Kabosu' of Dogecoin fame dies in Japan
Sato further said there would be a farewell party on May 26 at Flower Kaori in Kotsu no Mori, Narita City, Japan.
SEBI open to oversight of crypto trade, in contrast to Reserve Bank of India: Report
Crypto assets that are backed by fiat currencies could be regulated by the Reserve Bank of India, it said
Top crypto exchange Coinbase resolves 'system wide outage'
Top crypto exchange Coinbase confirmed a system-wide outage which it later resolved.
Bitcoin, Ether plunge after tepid launch of Hong Kong ETFs
Bitcoin, which is the largest cryptocurrency by market value, fell 4.04 percent to Rs 51,12,625.33 on April 30, while the second largest digital asset Ethereum slipped 6.25 percent to Rs 2,51,570.37
Cryptocurrencies still draw Gen Z and Millennials: Mudrex Survey
The survey, featuring 8,976 people across the country, found that 45 percent had invested in cryptocurrencies as part of their long-term retirement plans. Financial advisors, however, say investors should limit their investments in cryptocurrencies to the bare minimum and not depend on them for their retirement.
Crypto can turn pro with a little help from Congress
Legislation proposed by Congressman Patrick McHenry that would create a regulatory framework for the industry is sorely needed, whatever its final shape
Coinbase to face revived lawsuit by customers
The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge should not have relied on a December 2021 user agreement to find that Coinbase did not hold title to, and was not the seller of, 79 tokens that the customers traded.
Free fall! Bitcoin slips 7% to fall below $65,000-mark
It was the first time since March 24 that the digital asset went below the $65,000-mark.
Sam Bankman-Fried's incarceration is a warning to crypto
Sending the one time wunderkind to jail for 25 years and stripping him of $11 billion should act as powerful deterrent in a business still badly in need of cleaning up
