Crypto Trading

Cryptocurrency tax firm CoinTracker announces foray into Indian market

Cryptocurrency portfolio tracking and tax compliance platform CoinTracker on Wednesday announced its foray into the Indian market. The company's move also comes against the backdrop of the government mandating a 30 per cent taxation on such transactions with effect from April 1. Starting today, the crypto tax compliance and portfolio tracking products will be available to all crypto users across India, it said, while announcing the launch of its product in the country. CoinTracker said users in India can now deal in crypto assets without worrying about the challenges associated with tracking, reconciliation, accounting and compliance. "It can be challenging for folks to navigate the complexity of buying, holding and transacting with cryptocurrency and nearly impossible to comply with taxes without the right tool. We built CoinTracker to solve this problem seamlessly and are excited to deliver our offering in India. "We plan to rapidly expand our integrations and partnerships with

Andreessen Horowitz bets on crypto with $4.5-bn fund, largest of its kind

The fund, the fourth crypto-dedicated investment vehicle for Andreessen Horowitz, brings its total digital-asset-focused efforts to $7.6 billion

At WEF, Indian crypto app CoinSwitch seeks regulatory 'peace, certainty'

CoinSwitch, which is valued at $1.9 billion, says it is the largest crypto company in India with more than 18 million users.

No RBI directive that goes against Supreme Court ruling on cryptos

In a circular issued last May, RBI asked banks and other regulated entities to not cite its April 2018 circular that imposed restrictions in dealing with virtual currencies

Over $200 billion wiped off cryptocurrency market in a day: CoinMarketCap

Bitcoin plunged by as much as 10 per cent in the last day to its lowest level since December 2020, while Ethereum dropped as much as 16 per cent

Crypto meltdown deepens as stablecoin Tether drops below dollar peg

HONG KONG / LONDON (Reuters) -The meltdown in TerraUSD, one of the world's largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows.

Terra Luna cryptocurrency collapses 98%, investors lose life savings

The dramatic crash of Terra (Luna), ranked among the top 10 most valuable cryptocurrencies, has wreaked havoc in the lives of investors who are feared they will become homeless after the crypto mayhem.

Coinbase new disclosure does not mean crypto firm risks bankruptcy: CEO

Coinbase would take further steps to ensure it offered protection for its retail customers, says Brian Armstrong.

Crypto industry urges govt to lower TDS on gains from crypto trading

The crypto industry has urged the government to reduce the TDS on payments towards gains arising from trading in cryptocurrencies to 0.01 or 0.05 per cent, from the proposed 1 per cent

Bitcoin value drops by 50% since Nov peak; Ethereum falls 10% in a week

The slide in the value of digital assets comes as stock markets around the world also dropped in recent days

Cryptoverse: Ether prepares for epic 'merge' in quest to eclipse bitcoin

The anticipation had supported ether this year, even as inflation and monetary tightening shackled bitcoin

Companies are useless in decentralised world of Web3: Harsh Rajat of EPNS

In a Q&A, company's co-founder talks about starting the company amid the pandemic, the financial machinations of Web3 organisations and his vision for the future of his firm

Crypto exchange CoinDCX raises $135 mn in funding as valuation tops $2 bn

CoinDCX aims to triple its staff to over 1,000 employees by the end of 2022

Cryptocurrency payments are frozen across India, hitting trading

Daily trading volumes on Indian crypto exchanges, which collectively cater to about 15 million people, has tumbled by between 88% and 96% since peaking last year, data from CoinGecko show

Indian crypto exchanges block deposits via state-backed system, stir alarm

The decision by CoinSwitch to halt UPI acceptance resulted from "regulatory uncertainty" after the NPCI statement.

Crypto platform CoinSwitch Kuber temporarily disables rupee deposits

Users of the CoinSwitch mobile app are no longer able to make rupee deposits via Unified Payments Interface (UPI) or bank transfers via NEFT, RTGS, IMPS, and other methods.

Crypto platform Leap raises $3.2 mn in funding from CoinFund, Pantera

The next-generation crypto wallet allows users to transact on the Terra blockchain

How are Indian crypto industry & investors coping with the new tax regime?

The new financial year brought with it a slew of changes in the tax regime. Income arising from the transfer of virtual digital asset will invite a 30% tax. How will it impact Indian crypto industry?

TMS Ep142: Crypto industry, foreign diplomats in India, markets, CUET

How are Indian crypto industry and investors coping with the new tax regime? Why foreign diplomats are rushing to New Delhi? Is the worst over for the markets? What is CUET? All answers here

India will frame cryptocurrency law after global consensus: Report

India's central bank has openly voiced its opposition to private digital currencies.