Crypto industry to move Centre, seeking revision of 30% levy on transactions
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The Indian crypto industry is seeking a revision to the tax rate proposed by the 2022 Union Budget. It was a 30% tax on the sale and purchase of virtual…
Month: April 2022
13 posts
DeFi Infrastructure Provider Meter Loses $4.4M to Cyber Attack
Meter, an infrastructure provider within the Decentralized Finance (DeFi) ecosystem is the latest victim of a hack. Meter was the third recent attack by DeFi to steal more than $4.3million…
‘Omicron’ cryptocurrency shoots up by 900% after WHO gives new COVID variant same name
Omicron, a lesser-known cryptocurrency, has seen its value rise by more than 900 percent ever since the World Health Organisation (WHO), gave a new HTMLVID-19 variant that same name. On…
Iran Announces Four-Month Ban on Crypto Mining to Minimize Energy Consumption
After several blackouts in major Iranian cities, Hassan Rouhani has banned Bitcoin mining. On the 26th May, the president declared a four-month ban on Iran's state television network. Bloomberg stated…
DeFi Is Not a New Concept and Is Misnamed As Decentralized – SEC Chair
According to Gary Gensler (chairman of the US Securities and Exchange Commission), decentralized finance is not a new concept. Gensler stated that it is a mistake to call them software…
NatWest Group Imposes Limits on Transfers to Crypto Exchanges
NatWest Group, a British majority-state-owned banking and insurance holding company has restricted the amount customers can send to cryptocurrency exchanges each day. Binance is one of these firms. It was…
UP BJP Leaders Receive Threat Messages Demanding Rs. 10 Lacs Worth of Bitcoins
13 BJP MLAs from Uttar Pradesh, as well as a former legislator, have received extortion threats messages from a USA registered number. WhatsApp messages in Devanagari script demanded Rs 10…
Pakistan’s FIA to launch crackdown on crypto dealers
The Karachi-based Federal Investigation Agency, (FIA), considers cryptocurrency "a tool to money laundering". Recently, it announced that it will be clamping down on cryptocurrency dealers in Pakistan. The FIA demanded…
Dogecoin value jumps 20% on Elon Musk’s announcement of accepting it as payment for Tesla merchs “Tesla will make some merch buyable
Meme-based cryptocurrency dogecoin saw a huge 20 percent increase in value after Tesla CEO Elon Musk stated that it would be accepted as payment to purchase some company merchandise. At…
Crypto exchange FTX US valued at $8 billion as first fundraise draws SoftBank, Temasek
FTX US, a cryptocurrency exchange, announced Wednesday that it has achieved a valuation of $8 Billion after raising $400 M in its initial funding round from investors such as SoftBank…
