With the official clarification on the Indian government’s stance regarding cryptocurrencies and virtual digital assets (VDAs) in the 2022 Union Budget, it becomes crucial for individuals to comprehend the taxation rules associated with cryptocurrencies. As many of you prepare to file your Income Tax Return (ITR), understanding how cryptocurrencies are taxed in India is of … Read more
The story so far: The European Parliament, the legislative body of the 27-country block European Union, has approved the world’s first set of comprehensive rules to bring largely unregulated cryptocurrency markets under the ambit of regulation by government authorities. The regulation, called the Markets in Crypto Assets (MiCA), will come into force after formal approval … Read more
After a quick recovery on the weekend, the crypto market was back in the red on Monday, reminding of the dreary days of September, when inflation and recession worries hurt the markets most. Bitcoin was holding the $19,000-mark, whereas Ethereum slipped below the $1,300-mark. Cryptos tracked equities markets, which were moving dismally amid rising fears. … Read more
New Delhi: The crypto market moved back in to the green on Tuesday, with Bitcoin again topping the $19,000 mark, whereas Altcoins zoomed up to 10 per cent. Riskier asset class was back in flavour ahead of the US Federal Reserve’s monetary policy meeting later in the day. Investors are bracing up for another 75 … Read more
New Delhi: Crypto market extended its losses on Friday as the looming fears of economic recession and rate hikes by the US Fed in order to tame the inflationary pressure hurt investor sentiments globally. Bitcoin plunged below the $20,000 mark, whereas Ethereum sank 10 per cent, recording its biggest loss in the last one month. … Read more
In a major overhaul for the crypto world’s most ambitious software upgrade, Ethereum completed a key revamp of its blockchain network– the Merge. The second-largest crypto token has now moved to the proof-of-stake (PoS) mechanism from Proof-of-Work (PoW). This is the first instance when an existing and running blockchain has made such a move. Following … Read more
New Delhi: After a strong recovery in the last few sessions, top crypto tokens sank sharply on Wednesday. Bitcoin barely held the $20,000 mark whereas the Merge-bound Ethereum outperformed its largest peer. Red hot US inflation numbers spooked traders across the globe. Markets are expecting another series of aggressive rate hikes by the US Fed … Read more
New Delhi: Ethereum‘s much awaited software update named ‘The Merge‘ is just a few hours away, which will shift its mechanism to proof-of-stake (PoS) from existing proof-of-work (PoW). The Merge has attracted numerous headlines, hogged ample limelight, philosophical debates about the future of Ethereum and multiple technical analysts, but one can not look past the … Read more
New Delhi: Crypto tokens were trading higher on Friday, with Bitcoin holding above the key psychological level of $20,000. The asset class seems increasingly likely to remain in the same price rut until the release of inflation numbers later this month and Federal Reserve’s meeting outcome, said analysts. Barring Tron and US dollar-pegged Tether, all … Read more
New Delhi: Crypto tokens were trading lower on Thursday but Bitcoin held above the $20,000 threshold. The inflation worries and hawkish monetary policy comments dented the sentiments for the digital asset class. Crypto looks bearish for now and there is limited hope for any sharp revival. However, all eyes are set on the much-awaited software … Read more