Big news for cryptocurrency

Interested in investing on crypto? Read this first. T he rising value of cryptocurrencies promises huge returns for investors and cryptocurrency mining "fortunes", like a s gold rush of sorts for the digital age. In this lawless and unregulated crypto world, the risk of falling victim to fraud is very high as scammers often have the upper hand.



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WATCH RELATED VIDEO: Market expert says crypto headed for a 'major correction'

IMF warns crypto is destabilising emerging economies


In her Budget speech, Finance Minister Nirmala Sitharaman said that any income from transfer of any virtual digital asset shall be taxed at the rate of 30 percent. The decision to tax digital assets came as a major setback for the existing crypto investors in the next financial year and might discourage investments in cryptocurrencies. In this year's budget, the most discussed is the tax imposed by the government on cryptocurrency.

The Modi government has announced that now 30 percent tax will be levied on the income earned from the digital currency in India. Till yesterday, there was a danger of banning cryptocurrency in India, but now the government has announced to bring its own currency.

Bitcoin Motion is an automated trading algorithm that sets buy and sell orders with little or no human intervention. While some took a jibe at the tax imposed on the cryptocurrency, some showcased the feelings of the middle class after the budget.

The BitIQ trading robot is a trading software that makes decisions based on statistical data rather than emotional hunches, leading to some of the most accurate and rewarding trades. This means that with a small investment, you can purchase a large number of coins across many different projects. In India, there is currently no legislation that governs, regulates, or restricts dealing in cryptocurrencies.

The company contacted the hacker and offered them the maximum bug bounty in exchange for a return of the funds. Now that Cryptocurrency has been part of financial ecosystem, though very challenging the huge returns has always attracted the investors to take high risk.

Crypto exchanges are seeking clarity on the status of cryptocurrency as an asset class and its taxation regulations amid this regulatory ambiguity. Cryptocurrency, like any other industry, is susceptible to fraud and theft. On the other hand, advise investors to thoroughly comprehend the risks associated with dealing in digital assets. The sudden hike in Dogecoin price came after Tesla CEO Elon Musk announced that customers can now purchase merchandise from the electric car manufacturer using the coin.

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Crypto tax regime in India: Does taxation on Crypto make it legal? Explained In her Budget speech, Finance Minister Nirmala Sitharaman said that any income from transfer of any virtual digital asset shall be taxed at the rate of 30 percent.

Budget What is a cryptocurrency, how to invest in it? Here's how to use Bitcoin Motion Bitcoin Motion is an automated trading algorithm that sets buy and sell orders with little or no human intervention. Budget Middle class' budget woes turn into a meme fest While some took a jibe at the tax imposed on the cryptocurrency, some showcased the feelings of the middle class after the budget.

Want to invest in cryptocurrency? Check out THESE 10 cryptos to invest in This means that with a small investment, you can purchase a large number of coins across many different projects. Bitcoin Crash: Cryptocurrency falls 5. Planning to invest in crypto assets in ? Check out THESE 5 cryptocurrencies Now that Cryptocurrency has been part of financial ecosystem, though very challenging the huge returns has always attracted the investors to take high risk.

Budget Expectation Crypto sector seeks clarity on regulation and taxes Crypto exchanges are seeking clarity on the status of cryptocurrency as an asset class and its taxation regulations amid this regulatory ambiguity Jan 17, , PM IST. Cryptocurrency scams on the rise: Here's how to remain safe Cryptocurrency, like any other industry, is susceptible to fraud and theft. Salman Khan reveals his relationship status to Shehnaaz Gill? Watch this clip. IPL auction full players list: Check names and countries of all cricketers who will go under hammer during mega auction.

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Like it or not, you should probably start paying attention to bitcoin

Every new technology has attracted scam artists throughout history. But the cryptocurrency space is particularly infested with fraud at the moment. These are just the largest scams we came across. Be careful out there, folks. The Twitter account NFT Ethics asked if there should be some kind of centralized authority overseeing projects like these to protect consumers but that would seem to be antithetical to the decentralized nature of the NFT project. But who knows?

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Cryptocurrency news headlines

The latest move came Tuesday as the government acted against a company for allegedly providing cryptocurrency-related services. The company's business registration was cancelled by the authorities, and all the financial and payments institutions are warned not to provide virtual currency-related services directly or indirectly. Bitcoin is the most popular of numerous new cryptocurrencies, which are not backed by precious metals or government credit. Instead, its price reflects only speculation on its future value. As a young currency, it is considered a risky investment with highly volatile value. China first moved in to restrict its banks from using Bitcoin as currency, citing concerns its inherently speculative nature threatens the country's financial stability. Over the years, the government has become even more wary.


Why China Is Cracking Down on Bitcoin

big news for cryptocurrency

Ether , the second-largest cryptocurrency by market capitalisation, has had a good week too, adding over 12 percent in value over the past week. Compared to the price of Ether a month ago, CoinGecko data reveals that the cryptocurrency still stands at a 27 percent dip. Gadgets 's cryptocurrency price tracker reveals a rather positive showing amongst altcoins to begin February. Meme coins haven't had a very good start to the year, just like most other altcoins, but the past week has been better for both SHIB and DOGE — the two most sought-after meme coins amongst others.

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Coinbase, A Bitcoin Startup, Goes Public. Is Crypto Really The 'Future Of Finance'?

The Budget's objective was to rein in speculation in cryptocurrency and non-fungible tokens NFTs and to protect investor interest. But the markets also saw it as a de facto legitimisation of these new age instruments. With Cryptocurrency gaining popularity, TOI brings to you all latest updates to keep readers connected with daily variation in prices. Most cryptocurrencies are decentralised networks based on blockchain technology. Readers can keep a tab on price movements and take informed decisions about their investments.


Today's Cryptocurrency Prices by Market Cap

This came in the backdrop of Chinese regulators Tuesday announcing a crackdown on cryptocurrencies. China has barred financial institutions and payment companies from providing any services related to cryptocurrency transactions. This means that banks and online payments channels must not offer clients any service involving cryptocurrency, such as registration, trading, clearing and settlement. Such corrections are mainly due to short-term traders taking profits. Click here to join our channel indianexpress and stay updated with the latest headlines.

Coinbase, a San Francisco startup that allows people to buy and sell digital currency, became the first major cryptocurrency company to go.

Bitcoin on track for its worst January since 2018 ‘crypto winter’

CBA to let customers buy and sell assets like bitcoin and Ethereum through app in move that experts say will bring more legitimacy to crypto. The Commonwealth Bank will allow its customers to buy and sell cryptocurrency through its app, in the first move of its kind by a major Australian bank. Customers will be able to buy up to 10 crypto assets including bitcoin, Ethereum and Litecoin.


Cryptocurrency News

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France 24 is not responsible for the content of external websites. Silvergate bought development, deployment and operations infrastructure, as well as tools for running a blockchain-based payment network for payments as well as cross-border wire transfers. Facebook developed the technology, initially named Libra, and then entrusted control of the project to an independent entity based in Geneva. After the defection of several major partners such as PayPal, Visa and Mastercard, the organization scaled back its ambitions, before renaming itself Diem at the end of

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Nigeria's cryptocurrency crackdown causes confusion

The given major announcements along with the clarity and, above all, the recognition from the government has boosted the morale of the crypto players. The original digital coin was assailed by thousands of new "altcoin" competitors in - from solana and polkadot to litecoin and dogecoin - raising the prospect of a rapid fragmentation of the crypto market. Digital currency will lead to a more efficient and cheaper currency management system, the Finance Minister said during her budget speech in Parliament. A clarity on taxation of cryptocurrencies was a long pending demand of players involved in the crypto industry. Though the industry does not expect the crypto bill to be put on the table in the budget session, experts are hopeful that some cat will be out of the FM's bag in Union Budget On the larger time frames, its dip seems to be a 5-wave Elliott correction.

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