New crypto coming
In the annual budget presentation to parliament on February 1, Indian Finance Minister Nirmala Sitharaman announced there would be a 30 percent tax on any income from the transfer of virtual digital assets — in effect a capital gains tax. India is believed to have one of the biggest crypto markets in the world, home to an estimated million investors. Those sheer numbers mean the industry cannot be ignored and the market has become a growing revenue channel, as the crypto rush over the last year has seen an expansion of startups and exchanges across the country. Based on statements by government officials, the initial policy response was heading towards a ban on dealing with crypto assets — one which now appears to be moving towards regulating the industry. Hence, this is a very positive move by the government and is very good for the industry.
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- Facebook's dream of creating its own global cryptocurrency officially comes to an end
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Facebook's dream of creating its own global cryptocurrency officially comes to an end
Greenidge Generation Holdings of Dresden, New York, has purchased the former acre LSC Communications printing plant site at Jones Road with plans to be operational by the second half of this year, with expansions through , according to a statement from Gov. Donnelly plant.
At the time, Greenidge officials did not say how much it planned to invest or how many jobs it would create. Greenidge CEO Jeff Kirt stated, "We are extremely excited to announce our commitment to expand our business to Spartanburg, and we're grateful for the welcome and support we have received from the state and our local community. Litchain coming to Gaffney: Easley native to open Litchain Corp.
Greenidge is one of three cryptocurrency mining companies to recently announce plans to operate in the Upstate. Litchain Corp. Highway for its operation. Councilman David Britt, who chairs the county's economic development committee, said the new year is picking up right where last year left off with new companies coming to Spartanburg or existing ones expanding. Put on your dancing shoes and January results start the year on the right foot.
The company plans to launch an EV battery system production operation at a ,square-foot plant by the second half of this year. Proterra was among a dozen new and previously announced projects seeking tax breaks that County Council agreed to at its December meeting. Britt said last year's totals set a record for economic growth in the county, which he said "demonstrates how our partnerships have paved the way for not only Spartanburg but the great state of South Carolina, as evidenced in McMaster's State of the State address last week.
He credited OneSpartanburg, Inc. Meanwhile, the company that is credited with starting Spartanburg County's economic success after textile mills closed is continuing to show returns.
BMW Manufacturing's Plant Spartanburg set a new production record last year, producing , BMW X vehicles, a 20 percent increase over 's production and breaks the previous record of , vehicles set in The plant also produced a record number of plug-in hybrid vehicles last year with about 70, vehicles shipped.
The plant opened in BMW was among the first companies to receive tax breaks for locating in Spartanburg, according to Britt. Bob Montgomery Herald-Journal. View Comments View Comments.
Here’s the truth about the crypto miner that comes with Norton Antivirus
The downtown Los Angeles venue — home of the Lakers, Clippers, Kings and Sparks — will wear the new name for 20 years under a deal between the Singapore cryptocurrency exchange and AEG, the owner and operator of the arena, both parties announced Tuesday. It operates but does not own the venue. The Clippers have not embraced Crypto. Chief Executive Dan Beckerman said that a blockchain finance company was just the thing for downtown L.
Best Altcoins 2022
Cryptocurrencies are never far from the headlines these days. While buying and selling cryptos is becoming increasingly mainstream, the opportunities to spend virtual currencies are somewhat limited in comparison due to its volatility. There are, however, a growing number of companies across a plethora of industries - from big tech to airlines - who are embracing cryptocurrencies, allowing customers to use them as an official method of payment for their goods and services. In November, Mastercard said it would allow partners on its network to enable their consumers to buy, sell and hold cryptocurrency using a digital wallet, as well as reward them with digital currencies under their loyalty programmes. The move would allow customers to earn and spend rewards in cryptocurrency rather than loyalty points. The credit card giant will be pairing up with Bakkt Holdings Inc, the digital assets platform founded in by NYSE-owner Intercontinental Exchange, to offer the new crypto services to its customers. The group - which owns properties in Amsterdam, Madrid, Lisbon, and Rome as well as Bali and Phuket - will accept bookings using 40 different tokens, including Bitcoin and Ethereum from July through their partnership with payment platform Coindirect. As of the start of April, the insurance broker behemoth will allow customers in Switzerland to use Bitcoin as a payment option for their bills.
New Cryptocurrency Releases 2022: What New Crypto Coins Are Coming In 2022
Federal government websites often end in. The site is secure. Millennials are also jumping on the bandwagon. Perhaps the most important thing to know is the cryptocurrency-related investment markets are very different than our regulated securities markets.
Paying with Bitcoin: These are the major companies that accept crypto as payment
The year was a big year for cryptocurrencies across the world. The Indian crypto industry believes that a progressive, regulated framework will create a thriving ecosystem and encourage more and more Indians to start investing in a safe and secure environment. Here are five potentially game-changing crypto projects you should have on your radar in The most prominent upgrade in the history of the network, however, is due in Ethereum 2.
Crypto-currencies: a bubble or the emergence of a new paradigm in decentralised finance?
Like a teenager forced into adulthood, cryptocurrencies are finally growing up — with plenty of drama along the way. The observation defies the image of crypto as cutting its own path, devoid of attachments to either stock markets or governments. It may be no coincidence that the closer alignment between crypto and stock prices come as digital assets are being promoted more by the traditional financial establishment, no longer defying it. As such, he said crypto is worth adding to portfolios as a hedge against more traditional investments. The price of Bitcoin alone has fallen dramatically from its November high. There remain few places to spend Bitcoin and unlike stocks, its value is not usually tied to underlying assets like product sales or buildings and equipment. Since buyers can be anonymous, crypto has been the preferred medium of exchange in ransomware attacks and other criminal activity.
Bitcoin news – live: El Salvador president predicts ‘gigantic price increase’ for BTC
Every month, more developers release their own crypto coins, while established coins grow in value. There are now thousands of crypto coins, and many of these have a promising future within the market. In , we may be seeing certain coins continue to rise, or even reach their all-time price high. So, which coins should you be looking out for in , and why?
From Hyderabad to Camerabad: how Telangana became the ground zero of facial recognition in India. How Zoho and Freshworks got their SaaS sizzling with different recipes. Brace for high interest rates soon. Where can you look for returns in such times?
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The CFO of Robinhood, Jason Warnick, said on Wednesday that the company has no immediate plans to add new crypto assets—a move that will come as a disappointment to owners of Shiba Inu SHIB and other tokens that stand to get a boost from a listing on the popular platform. Speaking to reporters shortly after Robinhood posted Q4 earnings, Warnick said the company is proceeding cautiously in light of conversations with regulators who have warned they may regard certain tokens as unlicensed securities. The message is clear," said Warnick, adding Robinhood is committed to new assets but is not able to state when it will list them.