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ETtech Unwrapped

India’s new crypto tax compared

India’s crypto community, which had been waiting years for clarity on how the government plans to tax these assets, got their wish this week. Now they wish they hadn’t.In her budget speech on Feb. 1, Finance Minister Nirmala Sitharaman…

Why are social media companies nuts for NFTs?

Hi, it's Zaheer. Last week, Twitter launched its first crypto-related feature—NFT profile pictures. It now lets some users set an non fungible token-backed digital artwork they own as a hexagonal profile picture which, when clicked, allows…

When startup founders lose the plot

Ashneer Grover is in a soup. Last Sunday, Kotak Mahindra Bank said it was pursuing appropriate legal action against the BharatPe cofounder, who had sent the bank a legal notice on October 30 for failing to provide him financing in Nykaa’s…

The best of Unwrapped in 2021

Happy 2022! Grab that cuppa and settle in as we look back at the best explainers, investigations and analyses that Unwrapped delivered weekly to your inbox in the crypto-crazy, IPO-crammed, Musk-tastic year that was 2021.Crypto scams and…

Twelve times Elon Musk moved markets in 2021

It's Zaheer. On December 10, Elon Musk tweeted that he was considering quitting his “jobs” and becoming an influencer full-time. He was joking, of course, and thank god for that. Because even as a part-time influencer, the world’s richest…

Crypto rules around the world

Hi, its Zaheer. By all accounts, the Government of India will introduce a bill to regulate cryptocurrency in the ongoing winter session of Parliament, but nobody yet knows exactly what’s in it. Will India ban all crypto assets or just a…

A week of crypto chaos

Hi, this is Apoorva. I've been covering the cryptourrency industry for the past year, and for me the events of this week were a flashback to January 29, when the Cryptocurrency Bill was first listed for consideration.Panic selling. Worried…

IPOs that crashed and burned

Hi, it’s Zaheer. Paytm’s disastrous public market debut earlier this week shocked many investors. While the magnitude of the first-day fall—27.4% from IPO price—was undoubtedly unexpected, there were signs that India’s biggest IPO wasn’t…

NFTs and their uses beyond art

Hi, it’s Zaheer. Despite Bitcoin’s spectacular rise, non-fungible tokens or NFTs remain arguably the hottest crypto asset of 2021. We first wrote about these new-fangled assets in March, when the auction house Christie's sold a piece of…