Browsing Tag
Cryptocurrency Markets
Stablecoins’ Variant “Gold Coins” Emerging As First Choice For Crypto Trading
<!-- -->Gold coins, a new variant of stablecoins are emerging as first choice for crypto tradingA fledgling class of crypto that feasts on risk is outshining a wider market paralysed by war and inflation.Coins backed by gold are newer…
Crypto Tax Amendments Set to Be Implemented in India Starting April 1
Taxation of virtual digital assets (VDAs) or "crypto tax" proposed in the Union Budget 2022-23 is set to be implemented from April 1, as the Lok Sabha on Friday passed the Finance Bill, 2022.The Lok Sabha also passed the amendments…
How Crypto.com Is Betting Big on Sports Partnerships to Reach a Billion Users
Cryptocurrency companies are betting sports advertising will help them go mainstream, and none have made a bigger splash than Crypto.com with a commercial on Sunday's Super Bowl and a $700 million (roughly Rs. 5,290 crore) deal last year to…
Prime Minister Narendra Modi Warns Bitcoin Could ‘Spoil’ Young Indians
Prime Minister Narendra Modi during a virtual keynote address at the Sydney Dialogue said that cryptocurrencies must not fall into the "wrong hands and spoil our youth" and urged all democratic nations to work together to ensure such a…
Facebook Cannot Be Trusted to Manage Cryptocurrency: US Lawmakers
A group of US lawmakers said Facebook cannot be trusted to manage cryptocurrency and urged the social media platform to discontinue immediately a small pilot of its cryptocurrency wallet named Novi, which was launched on Tuesday.US …
US Becomes Largest Bitcoin Mining Centre After China Crackdown
The United States has overtaken China to account for the largest share of the world's Bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed. The figures demonstrate the impact of a…
India’s Crypto Market Grew 641% Over Past Year, Says Report
<!-- -->India, Vietnam and Pakistan are helping to lead the expansion of cryptocurrency markets in central and southern Asia, according to Chainalysis.India's market grew 641% over the past year and Pakistan's 711%, a report from…
Cryptocurrency Transactions Deemed Illegal by China’s Central Bank
China's central bank on Friday said all financial transactions involving cryptocurrencies are illegal, sounding the death knell for the digital trade in China after a crackdown on the volatile currencies.The global values of…