While the global crypto market cap has crashed in the last few days to just $1.24 trillion and prices of many altcoins have dropped drastically, the dominance of Bitcoin (BTC), the most popular cryptocurrency, seems to be rising. At the time of writing, Bitcoin dominance was at 44.68%, around...
Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle. European officials reiterated warnings of risks posed by cryptocurrencies. Bitcoin fell 5 per cent to around $29,700 on Monday in Asian trade, sliding alongside stocks because of worries...
Bitcoin’s slide that began last week has continued into this week as well. The cryptocurrency is now down over 57 percent from its all-time high in November last year, and this is hitting coin exchanges, CNN reported. Last week, Bitcoin and other cryptocurrencies were staring at a sudden crash after...
According to various media reports, the central government may impose a 28 per cent goods and services tax (GST) on cryptocurrency transactions if the proposal goes through in their next GST Council meeting. Amid the global crash in cryptocurrency prices, Terra (LUNA) took the worst hit, losing 51 per cent....
The cryptocurrency market shed a lot of gains on Tuesday with major coins recording steep falls. The global crypto market cap decreased by 7.53 per cent to $1.42 trillion at 8.50 am. However, the global crypto volume was up by 84.36 per cent to $181.73 billion, as per Coinmarketcap data. ...
More than $128 billion in cryptocurrency market capitalization was wiped off in a matter of hours on Thursday after Bitcoin crashed eight percent, CNBC reported. Other crypto coins, ether and XRP, also saw sharp declines during this period. Barely six months ago, Bitcoin was enjoying its historic high against the...
The highly anticipated online non-fungible token (NFT) sale of a Bored Ape themed metaverse world called ‘Otherside’ was concluded by Yuga Labs On May 1, pushing Ethereum fees higher. There were 55,000 Otherdeeds NFTs for sale and Yuga Labs tweeted that all of them were sold out. In other news,...
Bitcoin crossed a major milestone in September 2021, when it became a legal tender for El Salvador. Although this move was condemned by financial regulators, the country’s GDP grew. This was a major development for Bitcoin as many countries considered El Salvador as an experiment and it seems like the...
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? Topics Bitcoin tax | crypto trading After a period of prolonged uncertainty — marked...
The various provisions under the new cryptocurrency tax law, which was introduced by the government during the Budget 2022, could lead to brain drain from the country and move the trading activity from the homegrown exchanges to global platforms, Sumit Gupta, the CEO and co-founder of cryptocurrency exchange, CoinDCX, said...
