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Buoyant bitcoin helps crypto market surge past $2 trillion barrier

Bitcoin's jumpiness has waned of late. Its 30-day volatility is around 4 per cent, about two-thirds the level it was in June 2021

Cryptoverse: Buoyant Bitcoin helps market cruise past $2 trn

At Monday's high of $47,765, market leader Bitcoin broke above the narrow $34,000-$44,000 range it's traded in for most of 2022

UAE crypto push sees Bybit, Crypto.com announce Dubai offices

The UAE has been pushing to develop the virtual asset sector and regulation to attract new forms of business as regional economic competition heats up

Buzz on virtual assets: Crypto industry sees exits ahead of new tax regime

With new rules coming into force in April, several investors are booking profits, rejigging portfolios or moving their virtual assets outside of India

Govt should come out with legislation on crypto soon: Cong MP Gaurav Gogoi

The government is still sending mixed signals on virtual digital assets and there should be clarity on the definition of crypto, he said while initiating a debate on the Finance Bill in Lok Sabha

FinMin proposes amendments, seeks to tighten norms for crypto taxation

The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing set off of any losses with gains from other virtual digital assets

Top headlines: Govt to seek crypto transactions log; Covid haunts economy

The tax authorities may tell banks crypto exchanges to report on virtual digital assets' transactions as India is starting is to tax gains from crypto

Centre may seek crypto log on transactions from banks, exchanges

Sale and purchase of digital assets will reflect in the AIS

Amitabh Bachchan pays up after DGGI evasion notice on NFT sale

Bachchan had entered into an agreement with Rhiti Entertainment Pte. Ltd, Singapore, for conversion of his content into NFTs by way of an auction.

Cryptoverse: Bitcoin not anonymous enough for growing cohort of users

A volatile class of crypto known as privacy coins has quietly been gaining ground this month as maturing bitcoin inches towards mainstream finance

Crypto industry miffed by govt's position on barring tax deductions

Losses from one kind of VDA like cryptos and NFTs can't be set off against gains from another. Infra cost in mining such assets won't be allowed to be used for availing any deductions

IDFC FIRST Bank stamps presence in Participative Sport with Procam International

Crypto mining cost not to be allowed as deduction under I-T Act: FinMin

The minister said while computing the income from transfer of VDA, no deduction in respect of any expenditure (other than the cost of acquisition) or allowance is allowed

Govt working to classify cryptocurrency under GST law, 'remove doubt'

The government is working on classification of cryptocurrency as goods or services under the GST law, so that tax can be levied on the entire value of transactions

Australian watchdog sues Facebook-owner Meta over scam advertisements

Australia's competition watchdog filed a lawsuit against Meta on Friday, alleging the social media giant failed to prevent scammers using its platform to promote fake ads featuring well-known people

RBI remains net seller of US dollars in January; sells $771 million

The Reserve Bank of India (RBI) remained a net seller of the US currency in January 2022, selling $771 million in the spot market.

No plans to introduce cryptocurrency, Centre says in Rajya Sabha

RBI is currently working towards a phased implementation strategy for introduction of CBDC

ED investigating 7 cases of cryptocurrency usage in money laundering

The Enforcement Directorate is investigating 7 cases in which cryptocurrency has been used for money laundering and has so far attached proceeds of crime worth Rs 135 crore, Parliament was informed

Tug-of-war between newbies & top 1% has Bitcoin range-bound

Bitcoin's been clinging to a range between $32,000 and $47,000, which is proving tricky to break out of

Finance ministry working on consultation paper to deal with cryptoassets

RBI has publicly expressed strong reservations against permitting cryptocurrencies