Cryptocurrency In 2022

MiCA (Markets in Crypto Assets) draft technical regulations were published by the European Banking Authority (EBA), ahead of the July deadline. The EBA has addressed a number of issues in its MiCA draft technical standards, including those related to liquidity requirements, stress testing programme, asset reserves, and recovery plans.

Avinash Shekhar, the CEO of Taxnodes has pointed out that crypto tax compliance in India has continued to be ‘very low’ since these taxes were levied back in 2022. He has reminded the community that discipline and compliance is the way to gain the government’s trust on India’s crypto circle.

Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said.

Startups looking to establish their names in the crypto sector are taking this bull phase seriously and are swarming towards accelerator programmes. While accelerator and investment programmes provide Web3 startups with funding, mentorship, and industry guidance – these venture firms get the opportunity to have promising upcoming firms under thei...

The FATF has expressed concerns about nations delaying deployment and adoption of crypto-related rules. The Paris-based global financial watchdog is leaving room for criminal activities to take shape.

Hong Kong is continuing its ongoing crackdown on crypto platforms that are not officially registered with the authorities in the region. On the sidelines of this, the Securities and Futures Commission of Hong Kong has warned its citizens against engaging with – HKCEXP, which is suspected to be facilitating unlawful activities and could be staring...

Using the world’s most commercially successful blockchain ecosystem is about to get much cheaper after the latest software upgrade of the Ethereum network. The upgrade is being hailed as the most significant change in Ethereum ecosystem’s end user experience ever — and it will be much more noticeable to consumers than the well-known September...

Sam Bankman-Fried's lawyer urged a judge on Tuesday to impose a lenient sentence for the FTX founder's conviction for stealing $8 billion (roughly Rs. 6,63,30 crore) from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back.

eBay has reportedly slashed 30 percent of its Web3 team. After acquiring the NFT marketplace KnownOrigin in 2022, eBay had absorbed the team running this NFT marketplace. In the last eighteen months since the acquisition however, tensions between the eBay team and the KnownOrigin team reportedly rose – leading to the present-day situation.

The UK government plans to get new rules governing stablecoins and staking services for cryptoassets approved by lawmakers within the next six months as pressure ratchets up to deliver on specific proposals ahead of an impending general election.

Payments from crypto-related ransom attacks nearly doubled to a record $1 billion (roughly Rs. 8,304 crore) in 2023, blockchain analytics firm Chainalysis said on Wednesday. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion (roughly Rs. 9,133 crore) last year, compared with $567 mill...

Decentralized finance - DeFi - is getting a second wind. The amount of money deposited in this breed of crypto projects has leapt in recent months, swept up by a rally in Bitcoin driven by the launch of spot Bitcoin ETFs in America.

Since last week, #ReduceCryptoTax has been trending on X in India with thousands of posts demanding a revision in India’s crypto tax policy. Despite the outcry, India's Finance Minister Nirmala Sitharaman did not even mention the crypto sector in the interim budget speech she presented in the parliament on Thursday, February 1.

India observes January 16 as National Startup Day. In an earnest appeal to the government of India as well as its crypto community, CoinDCX’s Sumit Gupta has urged the government to reduce the one percent TDS levied on all crypto transactions.

A decline in US consumer inflation expectations kept the dollar rally in check on Tuesday as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year.

MiCA (Markets in Crypto Assets) draft technical regulations were published by the European Banking Authority (EBA), ahead of the July deadline. The EBA has addressed a number of issues in its MiCA draft technical standards, including those related to liquidity requirements, stress testing programme, asset reserves, and recovery plans.

Avinash Shekhar, the CEO of Taxnodes has pointed out that crypto tax compliance in India has continued to be ‘very low’ since these taxes were levied back in 2022. He has reminded the community that discipline and compliance is the way to gain the government’s trust on India’s crypto circle.

Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said.

Startups looking to establish their names in the crypto sector are taking this bull phase seriously and are swarming towards accelerator programmes. While accelerator and investment programmes provide Web3 startups with funding, mentorship, and industry guidance – these venture firms get the opportunity to have promising upcoming firms under thei...

The FATF has expressed concerns about nations delaying deployment and adoption of crypto-related rules. The Paris-based global financial watchdog is leaving room for criminal activities to take shape.

Hong Kong is continuing its ongoing crackdown on crypto platforms that are not officially registered with the authorities in the region. On the sidelines of this, the Securities and Futures Commission of Hong Kong has warned its citizens against engaging with – HKCEXP, which is suspected to be facilitating unlawful activities and could be staring...

Using the world’s most commercially successful blockchain ecosystem is about to get much cheaper after the latest software upgrade of the Ethereum network. The upgrade is being hailed as the most significant change in Ethereum ecosystem’s end user experience ever — and it will be much more noticeable to consumers than the well-known September...

Sam Bankman-Fried's lawyer urged a judge on Tuesday to impose a lenient sentence for the FTX founder's conviction for stealing $8 billion (roughly Rs. 6,63,30 crore) from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back.

eBay has reportedly slashed 30 percent of its Web3 team. After acquiring the NFT marketplace KnownOrigin in 2022, eBay had absorbed the team running this NFT marketplace. In the last eighteen months since the acquisition however, tensions between the eBay team and the KnownOrigin team reportedly rose – leading to the present-day situation.

The UK government plans to get new rules governing stablecoins and staking services for cryptoassets approved by lawmakers within the next six months as pressure ratchets up to deliver on specific proposals ahead of an impending general election.

Payments from crypto-related ransom attacks nearly doubled to a record $1 billion (roughly Rs. 8,304 crore) in 2023, blockchain analytics firm Chainalysis said on Wednesday. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion (roughly Rs. 9,133 crore) last year, compared with $567 mill...

Decentralized finance - DeFi - is getting a second wind. The amount of money deposited in this breed of crypto projects has leapt in recent months, swept up by a rally in Bitcoin driven by the launch of spot Bitcoin ETFs in America.

Since last week, #ReduceCryptoTax has been trending on X in India with thousands of posts demanding a revision in India’s crypto tax policy. Despite the outcry, India's Finance Minister Nirmala Sitharaman did not even mention the crypto sector in the interim budget speech she presented in the parliament on Thursday, February 1.

India observes January 16 as National Startup Day. In an earnest appeal to the government of India as well as its crypto community, CoinDCX’s Sumit Gupta has urged the government to reduce the one percent TDS levied on all crypto transactions.

A decline in US consumer inflation expectations kept the dollar rally in check on Tuesday as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year.