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Page 21 - Cryptocurrency
Onus of deducting TDS primarily rests on crypto exchanges: CBDT FAQ
In case the credit/payment between exchange and the seller is through a broker (and the broker is not seller), there has to be a written agreement that the broker would be deducting the tax
 "Onus of deducting TDS primarily rests on crypto exchanges: CBDT FAQ")
CBDT issues TDS disclosure requirements for cryptos, virtual digital assets
From July 1, TD) of 1% will be levied on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year, as the Finance Act 2022 has introduced Section 194S in the I-T Act
 "CBDT issues TDS disclosure requirements for cryptos, virtual digital assets")
Crypto platform FalconX doubles valuation to $8 bn despite downturn
The San Mateo, California-based startup said Wednesday that it had raised $150 million in a Series D funding from investors led by GIC and B Capital, a previous investor.
 "Crypto platform FalconX doubles valuation to $8 bn despite downturn")
GST Council may defer decision on taxing crypto assets in June 28-29 meet
Fitment panel proposes deeper study by Haryana and Karnataka and asks to submit report to the panel for further deliberations
 "GST Council may defer decision on taxing crypto assets in June 28-29 meet")
Crypto, blockchain, NFT jobs in India jump 804% post Covid: Report
Job postings for cryptocurrency, blockchain, NFTs have grown 804 per cent between April 2020 to April 2022, according to a report.
 "Crypto, blockchain, NFT jobs in India jump 804% post Covid: Report")
Fake crypto exchanges duped Indian investors of Rs 1,000 cr: Report
Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the global crypto market tanks, a new report claimed on Tuesday.
 "Fake crypto exchanges duped Indian investors of Rs 1,000 cr: Report")
Cryptoverse: As crypto markets tumble, lenders face a DeFi drubbing
Crypto lending may not be down and out, but it's certainly on the ropes
 "Cryptoverse: As crypto markets tumble, lenders face a DeFi drubbing")
Asian shares rise in early trade as investors pause after steep selloff
Asian stocks and US share futures turned higher on Tuesday as the market took stock after a recent steep selloff
 "Asian shares rise in early trade as investors pause after steep selloff")
Bitcoin holds above $20,000 after a week of forced crypto selling
Bitcoin reversed earlier losses to trade 0.5% higher for the session
 "Bitcoin holds above $20,000 after a week of forced crypto selling")
Lending app tries to take over 'whale' a/c to halt crypto collapse
Mounting Crypto Liquidations Make DeFi Go to Extremes: Industry fears contagion as Bitcoin struggles to keep above key level of $20,000
 "Lending app tries to take over 'whale' a/c to halt crypto collapse")
Crypto industry fears contagion as bitcoin price slips under $20,000
Bitcoin has lost almost 60% of its value this year and 37% this month alone in the cryptocurrency sector's latest meltdown
 "Crypto industry fears contagion as bitcoin price slips under $20,000")
World shares show mixed response; Bitcoin holds steady near $20,000
European benchmarks were higher Monday after most Asian markets retreated, while the price of bitcoin hovered near USD 20,000.
I will keep supporting and buying Dogecoin crypto, says Elon Musk
As all the leading cryptocurrencies get hammered, Tesla CEO Elon Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency he has been vouching about for years.
 "I will keep supporting and buying Dogecoin crypto, says Elon Musk")
Bitcoin goes past psychological threshold of $20,000 after significant drop
The price of a bitcoin inched above USD 20,000 on Sunday after the broader crypto selloff dragged it below the significant psychological threshold a day earlier
Crypto markets down nearly 70% from peaks: Will the carnage continue?
Despite US Fed's hawkish stance, crypto-currency markets continue to remain under the shadow of uncertainty. They have dropped about 70% from their all-time highs. What's the road ahead?
 "Crypto markets down nearly 70% from peaks: Will the carnage continue?")
Crypto market starting to see even old-timers 'panic selling' amid rout
The vanishing gains suggest long-term owners are coming under pressure, a potentially worrying sign for a market known for its hodlers
 "Crypto market starting to see even old-timers 'panic selling' amid rout")
Find the roaches and make a meal: Crypto's new name of the game
It was one of the most dramatic weeks in the short history of the cryptocurrency market
 "Find the roaches and make a meal: Crypto's new name of the game")
Crypto update: Bitcoin, Ether bounce off lows after record-breaking rout
Total liquidations in the crypto market were $566.7 million in the past 24 hours, with Bitcoin and Ether at around $271 million and $192 million respectively
Bitcoin bounces after rout but vibe is still 'strongly negative'
The world's largest cryptocurrency climbed as much as 12% early Sunday, recouping some of its losses from a steep drop Saturday that sent the token to as low as $17,599
Bitcoin drops below $20,000 to lowest since Dec 2020 as investors flee
The digital currency sector has been pummelled this week after cryptocurrency lending company Celsius froze withdrawals.
 "Bitcoin drops below $20,000 to lowest since Dec 2020 as investors flee")
