Page 24 - Cryptocurrency

Double whammy: Terra investors in India lost big. Now, they face the taxman

They could be taxed as much as 30% of the value of tokens received and they won't be able to offset any gains in the new token against losses from the previous one

Bitcoin reclaims $31k level after weeks of languishing; Ether rises 5.6%

The crypto market could also get a boost from US consumer-price data later this week.

New York lawmakers pass landmark bill to limit cryptocurrency mining

have passed a milestone environmental measure designed to tap the brakes on the spread of cryptocurrency mining operations that burn fossil fuels

Crypto scam victims lose more than $1 billion since 2021: US govt report

More than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report

Landmark bill to limit cryptomining passes NY Legislature: Reports

The bill, touted by supporters as the first of its kind, now goes to Democratic Gov. Kathy Hochul for consideration

Crypto scam victims have lost more than $1 bn since 2021: US FTC report

The craze for cryptocurrencies was at a fever pitch last year with bitcoin hitting a record high of $69,000 in November.

Top crypto exchange Coinbase freezes hiring, revokes accepted offers

The company also revoked accepted offers from some candidates who haven't joined it yet

Ahead of consultation paper, RBI DG says CBDCs can kill case for cryptos

Ahead of the government coming out with a consultation paper on cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Thursday said the soon-to-be-introduced CBDCs can kill crypto prospects

A coming crypto storm for central banks? Focus on digital money intensifies

Fed is debating whether to develop a digital currency, as are most central banks around the world. A decision has not been made, and officials say it would take congressional approval to move forward

Consultation paper on digital assets may not lead to cryptocurrency policy

The government has also raised concern over complying with Financial Action Task Force (FATF) guidelines and discussed it with other countries, according to an official

Cryptocurrencies becoming a popular option in US to fund retirement

Some 27% of Americans aged 18-60 - around 50 million people - have owned or traded crypto in the past six months, a poll published last week by crypto exchange KuCoin found

Consultation paper on cryptocurrency soon, says DEA secy Ajay Seth

He said that India was also engaging with other countries for global regulations on cryptocurrencies, and India's role in such actions

Consultation paper on crypto almost ready; to be submitted soon: DEA Secy

Ajay Seth also said that a global response is needed to deal with the challenges posed by crypto

Russia mulls making international payments using cryptocurrency: Report

Discussions have been ongoing for months but no consensus has yet been reached

Battered DeFi investors put their hopes in Ethereum revamp: Here's why

Fewer new issuances of Ether, a smaller carbon footprint and higher yields are among the upgrade outcomes that DeFi investors say will fuel an Ethereum rally and boost the industry

WEF at Davos 2022: From crypto to climate change, India was the focus

World Economic Forum (WEF) 2022: For European business heads eagerly scouting for options to diversify their trade and investments, India emerged as the best option

Govts, companies own 8% of all Bitcoins worth $46 bn in the world: Report

The governments and companies own close to 8 per cent of all Bitcoin in the world, roughly 1 million Bitcoin (BTC) worth $45 billion, and Bulgaria is the major holder of it, a report said

Andreessen Horowitz bets on crypto with $4.5-bn fund, largest of its kind

The fund, the fourth crypto-dedicated investment vehicle for Andreessen Horowitz, brings its total digital-asset-focused efforts to $7.6 billion

Cryptocurrency tax firm CoinTracker announces foray into Indian market

Cryptocurrency portfolio tracking and tax compliance platform CoinTracker on Wednesday announced its foray into the Indian market.

With market indicators in red, is the end of the bitcoin winter nigh?

Bitcoin is drawing strength from the rest of the crypto market, for example, its relative stature providing some comfort for investors fleeing altcoins