In the first step towards regulating cryptocurrency, the government said on March 7 that money laundering laws will apply to crypto trading, weeks after Finance Minister Nirmala Sitharaman said the regulation would be a topic of discussion at G20. In a notification, the Ministry of Finance said “exchange between virtual digital assets and fiat currencies, … Read more
PayPal (NASDAQ: PYPL) just launched its new U.S. dollar-denominated stablecoin, PayPal USD (PYUSD), marking a significant stride in aligning traditional financial operations with emerging digital trends. This move could have wide-ranging implications for small business owners seeking more agile and adaptable payment options. The PYUSD is entirely backed by U.S. dollar deposits, short-term U.S. treasuries, … Read more
Crypto assets over the last couple of years have gained spectacular popularity as a niche asset class. Cryptos have the potential to deliver mammoth-sized returns despite ultra-high volatility. There are various products in the market for investors that can help them participate in the new-age asset and brace volatility. Exchange-traded funds (ETFs) are one such … Read more
About 2 crore Indians are currently invested in cryptocurrencies. With the announcement of 30 per cent taxes on digital assets, Indian investors are curious to find ways to evaluate their taxes seamlessly and cohesively Crypto taxation platform KoinX has announced the launch of a new crypto tax calculator widget, which aims to simplify tax for … Read more
The cryptocurrency markets were trading in the red on Monday. Bitcoin (BTC) fell 2.62% to $27,706, whereas Ethereum (ETH) was below the $1,800 level. BTC volume stood at approximately $13.60 billion, rising 28.72% in the last 24 hours. “Bitcoin has traded below the US$28,000 zone in the past 24 hours as investors await fresh productivity … Read more
The crypto tokens were trading mixed in Monday’s trade. Bitcoin, Ethereum, BNB, XRP, and Polygon were trading with marginal gains, while Ethereum, Dogecoin, Shiba Inu, Tron and Solana were trading with cuts. Meanwhile, the global cryptocurrency market cap was trading flat, around $1.17 trillion, rising 0.03% in the last 24 hours. “Crypto markets remained sideways … Read more
In a significant move, the US Congressional Committee took a monumental step by advancing a bipartisan bill that seeks to establish a comprehensive regulatory framework for cryptocurrencies. This marks a pivotal moment for Capitol Hill in its endeavors to formalize federal oversight for the digital asset industry. The crypto sector has faced increased scrutiny, especially … Read more
TAIPEI, Dec. 8, 2023 /PRNewswire/ — Binance, the global blockchain ecosystem behind the largest cryptocurrency exchange by trading volume, is pleased to announce that it is the official Gold Sponsor of Taipei Blockchain Week 2023. This community-hosted event has been highly anticipated, and will bring together over 5000 individuals within the crypto, blockchain and Web3 … Read more
Commerzbank AG has received a crypto custody licence, providing more evidence that European banks are growing warmer toward the asset class.The license will allow the bank to “build up a broad range of digital asset services, with particular emphasis on crypto assets,” the Frankfurt-based bank said in a statement on Wednesday. It’s the “first German … Read more
ET Markets Crypto TV: Key lessons on Crypto Investments | Edul Patel, CEO & Co-Founder, Mudrex – The Economic Times Video | ET Now ET Spotlight | 27 Nov 2023, 08:00 PM IST Did you know that American business tycoon Warren Buffet made his first billion in his 70s, and 99% of his wealth in … Read more
