Budget 2024: The crypto industry expects Finance Minister Nirmala Sitharman to announce several favourable measures in the upcoming Union Budget, including a reduction in transaction taxes, the ability to offset losses, the equal treatment of capital gains from crypto assets and other income sources, and the establishment of a supportive regulatory regime. The Budget 2022-23
In February 2022, the central government had decided to impose a 30 per cent tax on income from cryptocurrencies and a one per cent TDS on all crypto transactions. But that didn’t discourage many from trading in the virtual currency. Click here to connect with us on WhatsApp As the deadline to file Income
Bitcoin’s price could reach a new all-time high in August and potentially climb to $100,000 during the U.S. presidential election in November, according to a report by Standard Chartered, as quoted by media reports. Geoffrey Kendrick, Standard Chartered Bank’s head of forex and digital assets research, was quoted as saying that Bitcoin is likely to
Rockstar Games released trailer 1 of Grand Theft Auto 6 (GTA 6) last year on December 5, 2024. The trailer 1 has garnered nearly 200 million views on YouTube and showcases a modern of living with gadgets, smartphones, and social media. However, speculations are rife that Rockstar Games will integrate an in-game cryptocurrency payment mechanism
It’s not to the moon, by any means, but crypto is showing signs of a real estate rebirth. While it has been overshadowed and eclipsed by other hype-driven technologies, notably the generative artificial intelligence boom, cryptocurrency is quietly leasing more space on the margins of San Francisco’s office market. JLL (JLL) data has shown a
The world of cryptocurrencies has quickly grown from a limited area into a worldwide economic giant, pushing forward new ideas and changing old economic structures. After the introduction of Bitcoin in 2009, many other digital currencies and solutions based on blockchain technology have appeared, leading to an active and expanding industry. Nowadays, companies in the
Circle has attained an Electronic Money Institution (EMI) license from the French banking authority, thereby achieving compliance with the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulatory framework. With this license from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), Circle’s French entity is now issuing USDC and EURC stablecoins in compliance with MiCA’s regulatory obligations for stablecoins or eMoney
Digital asset funds have seen outflows for three consecutive weeks, although the outflow slowed during the most recent week. After experiencing outflows of $600 million in each of two consecutive weeks, these funds saw an outflow of $30 million during the week that ended June 29, Bloomberg reported Monday (July 1), citing data from CoinShares
The state Department of Commerce and Consumer Affairs, along with the Hawaiʻi Technology Development Corporation, is reminding the public to be aware of the risks of investing in cryptocurrency, as its Digital Currency Innovation Lab concludes at the end of the week. A poster with advice and tips to help avoid cryptocurrency scams. (Courtesy of
While people who own and sell cryptocurrency have always had to pay taxes on their earnings, a new rule finalized by the US Treasury Department can ensure that they’re paying the proper amount on their sales. The new rule will require cryptocurrency platforms like exchanges and payment processors to report their users’ transactions to the