On March 21, the government clarified that losses incurred in the transfer of one VDA (virtual digital assets) i.e. crypto-assets cannot be set off against income generated against another VDA, a move that has been termed as detrimental for the Indian crypto industry
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum, and Tether to help you jump-start the day
Cardano was down 1.42 percent to Rs 73.25 and Avalanche dipped 3.61 percent to Rs 6,484.11. Polkadot was down 1.01 percent to Rs 1,438.6 and Litecoin was down 0.35 percent to Rs 8,685.95 in the last 24 hours. Tether was up 1.07 percent to Rs 78.71
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
Reportedly, the Centre is mulling whether income from crypto-related activities can be treated as business income or capital gains.
However, the lion's share of this $7.7 billion, almost 37 percent to stand at $2.8 billion belonged to "rug pulls" scams taking place in the Defi ecosystem.
Per the clinic’s website, “Castle Craig Hospital provides treatment for people addicted to trading, spread betting, and the trading of cryptocurrencies such as bitcoin, litecoin, ethereum, and more."
Reports suggest that if Tether collapsed, it would entail a global financial meltdown of almost $2.3 trillion.
Reports suggest that more than 15 million Indians have currently parked their money in this space.
Remember when Munnabhai endearingly tells Circuit about the number of bones the human body has? “206 type ka sirf haddi hai, todne ke time apun log sochte they kya?” There are currently 11,602 cryptocurrencies in circulation! How do you decide which one to invest in?
Just like you balance your asset allocation between risky and stable investments, make sure the altcoins in your portfolio do not exceed a certain threshold, lest the novelty and extreme volatility of the coin might adversely affect your returns.
Per the Bitcoin Investor Study 2020 conducted by GrayScale, around 47 percent of all female investors surveyed were open to considering investing in bitcoin, a marginal rise from 43 percent in 2019.
Crypto 101 series aims to demystify concepts and developments about cryptocurrencies. In this video, we decode the factors that fueled the massive sell-off in the world of cryptocurrencies since last week.