Business News
Resurgence of Bitcoin: Cryptocurrency Hits Over $30,000 For the First Time Since 2022
Bitcoin has gained about 6% since the start of the month, after rising 23% in March
By Teena Jose
Cryptocurrency | Page 5
Business News
ED Investigating Fraudulent Cryptocurrency and Digital Currency Cases: MoS Finance
The ED is investigating the matter under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) and Foreign Exchange Management Act, 1999 (FEMA).
Business News
Here’s Why Everyone Should Be Paying Attention To This Crypto Exchange
Nowadays, there are so many cryptocurrency exchanges that it can be next to impossible to not only keep track of them all but also discern which ones are worth checking out and regularly relying upon.
By Nelson Issac
Business News
Cryptocurrency Presents a Legitimate Case Of Macroeconomic Risk, Says Rajeev Chandrasekhar
Mentioning about the slowdown in the funding of startups and digital economy, the minister said that he is not very concerned as 'peaks and troughs and ups and downs and business cycles are very inherent nature of startups
By Teena Jose
Business News
Crypto: An Epic Tale of Highs and Lows
The crash of FTX did not help the crypto community. A major chunk of the crypto ecosystem has been wiped out due to its ties with FTX. The bear market has brought strong companies with great Web3 products to the fore. The continuing bear market has focused the world's attention to crypto which has led to more attention being paid to real-world use-cases of crypto as well as of Web3.
Business News
‘Wading’ Water with Ease in the Web3 Space
Rohit Wad worked on early Microsoft projects like Excel and Sharepoint, which are still used today. Having previously worked with Google and Facebook, Wad, now serving as the CTO at Binance, firmly believes that the blockchain and crypto industry would bring tremendous innovation across industries
Business News
Government Imposes Money Laundering Provisions On Virtual Assets
The gazette notification issued on 7 March by the Union Finance Ministry stated that digital assets, cryptos or virtual asset business will now come under the ambit of Prevention of Money Laundering Act (PMLA) 2002
By Teena Jose
Business News
Global Crypto Rules to be Based on Coming FSB and IMF Synthesis Paper
The announcement came three days subsequent to the meetings in India amongst the 20 largest economies of the world, collectively known as the G20
Business News
Nirmala Sitharaman Meets Counterparts Ahead Of G20 To Discuss Crypto Regulation
The other key factors that were discussed in the meeting were preparedness for future pandemics, strengthening multilateral development banks and so on
By Teena Jose
Business News
The Bitcoin Trader Whose Net Worth Is an Impressive $6.7 Billion
André Abdoune dedicated two years to the development of the most important project in the blockchain community that has the power to influence the blockchain, the real industry, and the gaming industry
Business News
DogeCoin Blows Up After Elon Musk Tweets Photo of his Dog in Twitter CEO Chair
DogeCoin soared approximately 5.4 per cent over the past 24 hours following the tweet
Business News
New ITR Forms Seek Details on Crypto Income
Information such as income from the transfer of virtual digital assets, date of acquisitions, date of transfer, cost of acquisition in case of a gift, etc, are to be disclosed under a new section for ITR 2023-24
Business News
Finance Minister Urges IMF On Crypto Regulation
Kristalina Georgieva congratulated India on its strong economic performance in challenging global times and its role at the forefront of digitalisation of the economy, especially in the area of digital payments
By Teena Jose
Business News
Regulation Of Cryptocurrency Sector On Agenda For G20 Meeting, Says Nirmala Sitharaman
The Economic Survey released on January 31st, highlighted the need for a common approach for the regulation of cryptocurrency, adding the underlying risks and high volatility of the sector
By Teena Jose
Business News
Crypto Exchange Binance to Suspend US Dollar Transfers
Binance will suspend U.S. Dollar deposits and withdrawals from 8 February onwards
Business News
Will the Crypto Sector Continue to Bleed in India?
Changes in the tax regime were announced in the Union Budget 2023. However, no announcements were made for the crypto sector
Business News
No Issue With Cryptocurrency In India If Laws Are Followed: Rajeev Chandrasekhar
The minister's remark contradicts the central bank's view advising investors to stay away from crypto
By Teena Jose
Business News
Policy Is the Biggest Predictor Of Outcomes: Kevin O’Leary
The Shark Tank-fame investor believes a stable policy regime gives the confidence to invest
Business News
US Regulators Warn Banks To Be Cautious On Risks From Crypto-Assets
They also highlighted that FTX was a high-profile crypto exchange and collapsed in November due to reported misappropriation of customer funds
By Teena Jose
Business News
Web3, Crypto, Cybersecurity, Rural Fintech: Trends To Look Out For In 2023
With 2022 behind us, the big question that now arises is: How will the year 2023 pan out for Web3, Crypto, Cybersecurity, and Rural Fintech?
By Priya Kapoor
Business News
It Is Important To Have a Common Approach For Crypto Assets: RBI Report
The report also added that various options are being considered internationally in this context
By Teena Jose
Business News
Cryptocurrency Mining Banned on Cloud Services by Microsoft
Microsoft had updated its acceptable use policy on 1 December in order to introduce the new restriction
Business News
Kevin O’Leary And CZ Engage In a War Of Words Over FTX Collapse
FTX's new CEO, John Ray, has told the committee that Binance had nothing to do with the collapse of FTX
Business News
Decrypting Cryptocurrency With Smart Tech
Since its inception in 2013, Unocoin has raised 7.3 Million USD in funding with 65 employees. According to Sathvik Vishwanath, Co- Founder & CEO of Unocoin, traditionally Blockchain is used in a decentralized manner so that control does not lie in the hands of one individual or group, but rather is collectively controlled by each user.
By Kavya Pillai
Business News
Nirmala Sitharaman Suggests Changes In Customs Act To Deal With Cryptocurrency: Report
Sitharaman said that there is a cocktail of developments which encompasses the dark web and artificial intelligence, web3 and Meta, and also urged the officials to sit up and take note of these
By Teena Jose
Business News
Kevin O’Leary Opens Up on Losses Incurred in the FTX Deal
The investor stated he was drawn to FTX's compliance systems which led him to invest in the crypto exchange
Business News
Bharat Web3 Association Seeks Relief from High Taxes
A meeting has been scheduled for the representatives of Bharat Web3 Association (BWA) and the finance ministry, particularly Central Board of Direct Taxes for next week