Bitcoin News: The Federal Reserve has reduced interest rates for the first time since the early days of the COVID-19 pandemic, sending ripples through the cryptocurrency market. Bitcoin, the leading cryptocurrency, saw an uptick of about 3 percent in its value following the announcement on September 19, 2024. Bitcoin price record As of 9.08 am … Read more
The Ministry of Finance recently made it clear in a written reply in the Lok Sabha that the government is not considering a law to regulate the transaction of cryptocurrencies. “Currently, there is no proposal to bring legislation for regulating the sales and purchase of virtual digital assets in the country,” Pankaj Chaudhary, Minister of … Read more
Much to the chagrin of cryptocurrency investors, WazirX, a leading crypto exchange, witnessed a massive security breach on Thursday in one of its multi-sig wallets, leading to the loss of over $230 million in withdrawals. The exploiter is reportedly selling the stolen tokens, which include $100 million worth of shiba inu and $52 million in … Read more
Bitcoin dropped to a two-month low on Thursday, fell over 4 per cent to $57,711 amid uncertainty over the U.S. presidential elections and reports of bitcoin supply from a defunct Tokyo-based crypto exchange. Bitcoin fell to its lowest level since May 2, and has lost more than 6 per cent this week. Also Read | … Read more
World’s biggest cryptocurrency Bitcoin slid as much as 3.78 per cent to $66,817 on Tuesday reflecting trader anxiety ahead of the US inflation data release and the Federal Reserve’s monetary policy decision. Bitcoin reached a record high of $73,798 in March, boosted by inflows into dedicated US exchange-traded funds. However, it has struggled to achieve … Read more
I am living and working in the UAE for the past five years. I do cryptocurrency trading locally and I have cryptocurrency balances in my private wallet. A person in India is asking to buy Ripple and Etherium from me on a P2P basis, and the proceeds will be credited into my NRO (non-resident ordinary) … Read more
Selecting the incorrect form: One of the most common mistakes people make is choosing the incorrect form to file their taxes. Each form is tailored to a certain sort of income and taxpayer profile, and using the incorrect form might result in mistakes and processing delays. CA expert advises taxpayers to thoroughly analyse the qualifying … Read more
In December, India’s Financial Intelligence Unit (FIU) called for blocking web addresses of a number of global crypto firms which were not registered in the country, over concerns that some of them may be misused for money-laundering. On Friday, FIU said that it has lifted Kucoin’s suspension after the exchange paid a fine of around … Read more
If you ask ChatGPT, the popular artificial intelligence (AI) chatbot, about the most feasible investing option one could explore as a high-risk investor, it promptly asks you to put your money in cryptocurrencies, among other options. Not only does it suggest investing in cryptos, but it also shares with the inquisitive user the key reason … Read more
Jumping for the fifth consecutive day, bitcoin hit $59,000 on Wednesday in the global crypto markets. And if the current rally continues, this would be maiden cryptocurrency’s substantial monthly rally since Dec 2020. In just one day, bitcoin rose 4.4 per cent reaching 59,259, its highest level since Dec 2021. At the same time, ether … Read more