A bipartisan pair of U.S. senators unveiled a bill on Tuesday that would establish new rules for cryptocurrency, and hand the bulk of their oversight to the Commodity Futures Trading Commission (CFTC). The bill, introduced by Republican Senator Cynthia Lummis, one of Congress’ most vocal cryptocurrency advocates, and Democratic Senator Kirsten Gillibrand, marks one of … Read more
Reserve Bank of India governor Shaktikanta Das said this week that allowing private cryptocurrencies to grow would lead to the next financial crisis. He also reiterated the central bank’s call for a total ban, claiming that such instruments had no underlying value and were speculative at best. “After the development of the past one year, … Read more
Bitcoin, Ethereum, Polygon, Dogecoin; Check Cryptocurrency Prices Today. Polygon was up by 0.2 per cent at 0.799560; Dogecoin was trading down by 2 per cent to $0.075589 on Monday Bitcoin prices on Monday gained marginally about 0.1 per cent in the past 24 hours to $16,846.61 amid the volatile past week. The cryptocurrency is also … Read more
India, which is currently holding G20 Presidency, has asked the IMF and Financial Stability Board (FSB) to jointly prepare a technical paper on crypto assets, which could be used in formulating a coordinated and comprehensive policy to regulate them. The international organisations are expected to present their joint paper during the 4th Finance Ministers and … Read more
 "Nishad Singh, Indian-Origin Engineer At FTX, Pleads Guilty To Fraud Charges")
A 27-year old Indian-origin engineer at a crypto asset trading platform has pleaded guilty to charges of commodities fraud. Nishad Singh was the former co-lead engineer of FTX Trading Ltd. He is facing federal charges for his role in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform started by Singh … Read more
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
