Cryptocurrency

WazirX founder Nischal Shetty to launch new project L1 blockchain network “Shardeum"

Shardeum is targeting fundraising by April 2022 followed by its betanet launch in Q32022. The mainnet is estimated to launch towards the end of Q42022.

The Crypto Bill is still undergoing consultations, says Finance Minister

In the Budget for FY23, the Government announced tax on income from 'virtual assets' which will be at 30%.

Crypto startup Flint raises $5.1 mn seed funding led by Sequoia and GFC

Coinbase Ventures, Hashed, IOSG, Better Capital and MSA Capital participated in the round along with other 11 institutional investors and angels.

Taking a cue from WazirX crackdown, crypto exchanges may have found a way to pay tax on crypto commissions

Right now, the tax department has internally interpreted crypto currencies as a digital asset. However, there is no official categorisation of digital assets under GST laws, they say.

Crypto exchange WazirX pays Rs 49.2 crore after evading tax

The GST department says it will cover all the cryptocurrency exchanges under its jurisdiction and will intensify the drive.

Crypto 101: What is Ethereum?

The Ethereum blockchain has evolved considerably since it was launched in 2015. The platform has the largest network effects among all the blockchains with numerous use cases and projects being built on it, from DeFi applications, to NFTs, to Play To Earn Gaming. The blockchain’s token, Ether, now has the second largest market cap among cryptocurrencies after Bitcoin and is used to power transactions (gas fee) and is now being adopted widely as a currency in certain industries. Top art auction houses like Christie’s now offer Ether as a payment option. Most newbies who are just embarking on their crypto journey do not know the real difference between bitcoin and Ethereum, and what this technology entails. Let us break it down in this video. Presented by Rahul Jagtiani. #ethereum #cryptocurrency #cryptoeducation

Cryptocurrency prices on December 28: Bitcoin, Ethereum trade in red; Litecoin up 2%

Bitcoin slipped 1.43 percent to trade at Rs 40,12,726 while Ethereum declined 0.78 percent at Rs 3,20,560

Crypto 101 | CBDC: Central Bank Digital Currency Explained

Are central bank digital currencies (CBDCs) the future of money? Central banks are experimenting with CBDCs to counter the tsunami of cryptocurrencies that the world is encountering. CBDCs can be account based or token based, and can be further classified under wholesale and retail CBDCs. Learn more about central bank digital currencies and their impact in the future, in this short video. Presented by Rahul Jagtiani. #cbdc #digitalcurrency #crypto101

Women prefer Bitcoin, men traded partial to Shiba Inu, WazirX 2021 survey finds

Bitcoin (BTC), Tether (USDT), Shiba Inu (SHIB), Dogecoin (DOGE), WazirX Token (WRX), and Matic (MATIC) were the most-traded crypto on the exchange.

BitMart to compensate victims after hackers steal $150 million worth of cryptocurrencies

BitMart has said deposit and withdrawal functions will 'gradually begin on December 7, 2021'

We are on crypto investors' side and looking out for their interests: Jayant Sinha

Jayant Sinha, a member of Parliament and chairman of the parliamentary standing committee on finance, spoke to Moneycontrol's Chandra R Srikanth on how the government will balance innovation and regulation of cryptocurrencies, the upcoming crypto Bill, investor protection, and his message for crypto investors.

Welcome to Web3. What's That?

So far in 2021, about $27 billion worth of crypto has been spent on major NFT platforms, according to Chainalysis. That’s up from $114 million in all of last year.

Moneycontrol Masterclass Ep19 | Crypto and India: Can the govt balance innovation and regulation?

Cryptocurrencies are all the rage in India. An estimated 2 crore Indians hold Rs 15,000-20,000 crore as cryptocurrencies. With the unbridled growth, the Finance Ministry is planning to bring a bill to regulate this unregulated sector. Can the government balance regulation and innovation? How will this affect crypto investors in the country? Those are the questions we will be asking on the 19th episode of Moneycontrol Masterclass.

Mukesh Ambani bullish on blockchain technology, says it is vital for equitable society

A bill for regulating cryptocurrency is in the works, and RBI Governor Shaktikanta Das is among those who feel that the blockchain technology underpinning cryptocurrencies could exist on its own, even without the currency.

Centre may bring cryptocurrency exchanges under ambit of Sebi: Report

The Centre will announce a cut-off for the existing cryptocurrency exchanges to get registered with Sebi.

Tipping with Bitcoin on Twitter

Fintech company Strike has outsourced its API to Twitter to facilitate payments through the Lightning Network. Twitter has, hence, launched a tipping option allowing fans to tip their favourite artists and content creators. This could be a game-changer in the payments and remittances industry. Twitter co-founder, Jack Dorsey has time and again shown an inclination towards leveraging the bitcoin network and this could only just be the beginning. Watch this video to know more. #bitcoin #twitter #lightningnetwork

Cryptocurrency Bill: Industry finds a silver lining after finance minister's response

After the Lok Sabha bulletin was released last Tuesday, it was widely speculated that the bill which is set to be tabled in the winter session of Parliament may be the same as which was drafted earlier.

Govt to introduce new Crypto Bill in Parliament after Cabinet approval : Finance Minister

Finance Minister Nirmala Sitharaman said during the Question Hour in Rajya Sabha that the previous Bill on cryptocurrencies has been reworked.

Is a ban even possible on private cryptocurrencies?

According to industry estimates, two crore Indians have invested in cryptocurrencies with their holdings totalling up to $4-5 billion.

1 in 2 Indians against cryptocurrencies legalised, want digital currency from RBI: Survey

According to industry estimates, around two crore Indians have invested an estimated $4-5 billion in cryptocurrencies.

Will uncertainty over India's crypto regulation impact job creation?

The crypto industry currently employs about 50,000 people and has the potential to create 8,00,000 jobs by 2030

Interview | More optimistic of crypto regulation in India than an outright ban: WazirX Co-founder Nischal Shetty

On a day when all India can talk about is cryptocurrencies, WazirX Co-founder Nischal Shetty spoke to Moneycontrol.

Cryptocurrency prices today on November 18: India takes major strides in regulatory space as Polkadot surges

India made significant strides in the cryptocurrency regulation space, with reports suggesting that the government may allow and regulate the use of cryptocurrencies as an asset class like gold, shares, bonds, etc.

What is Bitcoin’s Lightning Network?

Bitcoin, one of the hottest cryptocurrencies, is known as the grandfather of cryptocurrencies. Due to its high fees & slow transaction speed it is still not accepted as payment. The Bitcoin network handles 7 transactions/second as compared to your Visa credit card which handles 65000 transactions/second. Will Bitcoin’s Lightning Network solve the problem? What is Lightning Network and how does it work? Learn more in this video #bitcoin #cryptocurrency #lightningnetwork

Crypto industry to submit written response to Centre on operations, how India stands to benefit

The Parliamentary panel meeting comes shortly after a high-level meeting convened by Prime Minister Narendra Modi held on November 10, wherein industry experts discussed the concerns and the way forward.