In the Union Budget 2022, the Indian Government announced new tax policies for interacting with virtual digital assets or cryptocurrencies in the country. The Central Board of Direct Taxes (CBDT) issued a circular in June 2022, which included various guidelines outlining the tax rules for digital currencies. The “1% TDS on crypto” is the tax […]
Justin Sun’s HTX DAO Advances With Powerhouse Backing From HuobiHTX & TRON
In a whirlwind of advancements witnessed throughout the cryptocurrency landscape, TRON founder Justin Sun’s HTX DAO appears to have marked a tempest of strides globally as the organization is now poised to receive staggering investments for its ecosystem development. As per a recent statement issued by HTX DAO (Decentralized Autonomous Organization), the firm triumphantly announced […]
Crypto Market Selloff: Here’s Why BTC, ETH, SOL, XRP, LUNC Falling Today
The crypto market witnessed a broader selloff on Friday, causing the global crypto market cap to fall almost 4% to $1.61 trillion. The Friday’s expiry wreaks havoc on traders and investors, with nearly $250 million liquidated over the last 24 hours. The Crypto Fear & Greed Index slips from 63 (greed) to 56 (neutral). Bitcoin […]
Bitcoin ETF: Grayscale’s GBTC Records $580 Mln Net Outflow On Day 5
After the 11 Spot Bitcoin ETFs made their debut last week, they experienced a pullback since the first day itself. The fifth day of trading wasn’t an exception and left all the Bitcoin ETFs bleeding. Moreover, Grayscale’s GBTC grabbed the spotlight again, but of course not in a positive way. Grayscale Bitcoin ETF Registers Massive […]
Hong Kong Eyes Bitcoin ETF Debut As Trading Volume Continues To Surge
In a flurry of innovations witnessed across the Chinese crypto landscape, a Hong Kong-based financial services company recently announced plans to seek approval for a spot Bitcoin ETF launch within the nation. If approved, the country is poised to emerge as the second significant powerhouse to commence Bitcoin ETF trading, following the U.S. Notably, Venture […]
Mark Zuckerberg’s Meta Intensifies AI Race With OpenAI
In a groundbreaking move, Meta Platforms, led by CEO Mark Zuckerberg, is gearing up to enter the fierce competition in the development of super artificial intelligence (AI), aligning with industry giants Google and Microsoft. Meanwhile, the quest for artificial general intelligence (AGI) takes center stage as Meta commits to creating AI capable of matching human […]
Bitcoin (BTC) Price Can Correct to $34,000, Expect Multi-Month Stagnation
The world’s largest cryptocurrency Bitcoin (BTC) has experienced substantial selling pressure recently with the BTC price crashing to $40,000 earlier today. This has happened as there have been large outflows from the Grayscale Bitcoin Trust (GBTC) moving into the newly launched Bitcoin ETFs. Bitcoin Price Can Correct to $34,000 Renowned crypto analyst Ali Martinez has […]
Manta Network Sparks Money Laundering Concerns In South Korea Amid Binance Listing
The Manta Network, a zero-knowledge L2 blockchain, has come under scrutiny amid allegations of money laundering in South Korea on the day of its listing on Binance, Bithumb, and KuCoin. These allegations suggest that the money laundering activities were conducted via the Bithumb exchange. This comes after the Manta Network faced a DDoS attack on […]
Bitcoin Dumping Continues As BTC Price Tanks Under $41,000, Is Grayscale Behind This?
The world’s largest cryptocurrency Bitcoin (BTC) continues to face strong selling pressure while extending its losses further by 3.45% on Thursday, and slipping under $41,000. With this, Bitcoin has extended its weekly losses in double digits to more than 10%. At press time, the BTC price is trading at $40,896 with a market cap of […]
US SEC Delays Resolution of Fidelity Spot Ethereum ETF to March
While the U.S. Securities and Exchange Commission (SEC) has finally approved the spot Bitcoin ETFs, financial players are pushing for a similar product for Ethereum. However, on Thursday, January 18, the SEC delayed a resolution on the spot Ethereum ETF from Fidelity. Ethereum ETF Resolution Delayed to March 2024 The U.S. Securities and Exchange Commission […]