Bitcoin (BTC) and other cryptocurrencies bought from exchanges outside the country could cost Indian investors additional tax, while the tax department is looking into whether crypto falls subject to the 2% equalization levy, reported the Economic Times. Google tax Services provided in India by overseas e-commerce companies are subject to the equalization levy, also colloquially …
Continue reading “Indians could be charged an extra 2% tax on Bitcoin and crypto ‘purchased abroad’”
Input Output Global CEO Charles Hoskinson said in a recent ask-me-anything (AMA) Tether relies on faith, rather than impartial systems, making it counter to cryptocurrency ideals. He added that as much as regulation gets a bad rap, without it, there would be no checks on companies who make particular claims. With USDT liquidity supporting significant …
Continue reading “Cardano’s Charles Hoskinson says Tether is a “faith based” crypto”
On Tuesday, Stronghold Digital Mining, Inc., an ESG-friendly cryptocurrency miner announced it has raised $105 million in two private equity securities funding rounds. Stronghold’s operations convert waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies. ESG-Friendly Crypto Miner Turns Coal Waste to Bitcoin, Operation Raises $100M While many have been focused …
Continue reading “Waste Coal-Converting Bitcoin Miner Stronghold Digital Mining Raises $100 Million”
The National Bank of Rwanda (NBR) has become the latest African central bank to join the digital currency movement after an employee confirmed the institution is studying the possibilities of issuing its own digital currency. CBDC Implications on Financial Stability According to the employee, John Karamuka, this study will be looking at economic, financial, and …
The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. Central Bank and Crypto Company Conduct Successful CBDC …
Continue reading “Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC”
A new Bank of America (BOA) research study has found that both central bank digital currencies (CBDCs) and private digital currencies hold “a lot of potential” for increasing financial inclusion in developing countries. In the report, the bank also argues that such “digital currencies could reduce transaction costs and allow more economic activities in emerging …
Bitcoin is poised to post its worst-performing quarter since the start of the 2018 bear trend. The current quarter is also on track to be the second-worst on record for BTC ine almost eight years since the start of 2014. According to crypto data aggregator, Skew, Bitcoin is currently down nearly 46% for the quarter, …
Continue reading “Bitcoin heading for worst quarter since start of 2018 bear market”
One of the hedge funds badly burned in the infamous GME social media driven short squeeze is closing down, while GameStop itself has just completed its $1.13 billion equity offering. According the Financial Times, London-based White Square Capital operated by Florian Kronawitter has closed its main fund and will return capital to investors. White Square …
Continue reading “Hedge fund that shorted GameStop closes as $1.13B GME stock offer completes”
The Pennsylvania-based Stronghold Digital Mining has announced the completion of two private equity securities raises worth $105 million. According to an announcement shared with Cointelegraph, the firm’s first power generation facility, the Scrubgrass Generation Plant in Venango County, converts waste coal into energy on a scale equivalent to “a large-scale hydropower plant” that is then …
Continue reading “US miner raises $105M to recycle waste coal into crypto”
After investing $20 in the crypto markets, one crypto trader just woke up to a one-trillion dollar fortune in his Coinbase account. Chris Williamson, a nurse from Georgia, says he invested $20 in Rocket Bunny (BUNNY) cryptocurrency on Coinbase last week. After the trade, his portfolio balance soon skyrocketed to a staggering $1,184,154,683,482. ADVERTISEMENT On …
A popular crypto analyst warns that most traders would be better off staying on the sidelines instead of trying to play the volatile Bitcoin market. In a new tweet, the crypto strategist known as Kaleo tells his 322,600 followers to be patient as opposed to timing the choppy Bitcoin range between $30,000 and $40,000. ADVERTISEMENT …
Cryptocurrency investors found little reprieve on June 22 as the price of Bitcoin (BTC) fell below $30,000 for the first time since January, sparking panic among less experienced market participants who have yet to experience a full market cycle. While Bitcoin has been under increasing pressure from multiple sources since early May, the most recent …
Continue reading “Bitcoin price bounces to $33K but analysts say ‘it’s too early’ to call a bottom”
Impossible Finance, a decentralized finance (DeFi) protocol on the Binance Smart Chain has been exploited for $500,000 in a flash loan attack. A flash loan attack is a common type of DeFi exploits in which hackers take an uncollateralized loan from a lending protocol and through a series of technical maneuvers manipulate the market in …
Exchange-traded funds (ETFs) and mutual fund provider VanEck has filed for a new Bitcoin fund in the US, a filing with the Securities and Exchange Commission (SEC) shows. Routed via Cayman Islands Called the new “Bitcoin Strategy Fund,” the instrument will invest in Bitcoin “futures” and other publicly traded financial products that provide exposure to …
Continue reading “VanEck files Bitcoin ‘mutual fund’ with SEC even as ‘whales’ sell BTC en masse”
On June 21, the wealth manager Vaneck filed a prospectus to launch what it calls a Bitcoin Strategy Fund. The prospectus filed with the U.S. Securities and Exchange Commission (SEC) explains the fund will procure bitcoin exchange-traded products and futures. Vaneck’s Fund Will Invest in Bitcoin Futures and Pooled Investments Tied to the Leading Crypto …
Continue reading “Vaneck Files Prospectus With US Regulator to Launch a Bitcoin Mutual Fund”
