Sidhartha Shukla Bloomberg
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Crypto’s ‘Middle Child’ Ethereum Flounders as Rivals Gain Ground
Ethereum is confronting critical questions about its role in supporting crypto commerce, following changes to the user experience that are said to have diminished activity. According to critics, there has been a rising dependence on Layer-2 blockchains, which are developed to enhance time consuming and expensive transactions.
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Telegram-Linked Toncoin Token Sheds $2.7 Billion After CEO Pavel Durov Detained
The Open Network — or TON — blockchain has access to Telegram’s 900 million monthly users via a partnership and seeks to enable services such as in-app payments and games.
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Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
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Canada Stopped Talks On Free Trade Agreement: Piyush Goyal
The talks between India and Canada for a free trade agreement are on a pause as the latter stopped discussions due to some misconceptions, Union Minister Piyush Goyal said.
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Bitcoin Coders Deliberate Over Future of $1 Billion Memecoins Such as Pepe
The coders who maintain Bitcoin’s blockchain are clashing over whether to stamp out the meme tokens swarming the network. It is creating a logjam and forcing the Binance exchange to temporarily halt Bitcoin withdrawals.
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Bhutan Seeking Investment for $500 Million Fund for Green Crypto Mining in Himalayas
Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.
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BlockAura Crypto Coin Cracks After Attracting Indians With 3,100 Percent Returns
BlockAura, a crypto coin that many Indians have invested in, surged 3,100 percent over the past eight months. Many investors in India are betting crypto is the quickest way to get rich, lured by a raft of startups promising yields as high as 25 percent a month. Here's how a tumble in the value of the crypto coin could affect Indian investors.
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Traders Flee Indian Crypto Exchanges For Binance To Escape Taxes
Binance's billionaire CEO Changpeng Zhao is tightening his grip on India's market for cryptocurrency trading in the fallout from a major tax change.
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India's Crypto Exchanges Suffer Huge Declines As New Tax Kicks In
Warnings from Indian crypto exchanges that a controversial new transaction tax would erode trading are coming true, with volumes evaporating since the levy took effect.
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Crypto Exchanges Face "Unwelcome" Twists, 1% TDS From July 1 To Start With
India's largest digital assets exchanges are bracing for a drawn-out crypto winter one with some unwelcome local twists.
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No Future: Analysts Weigh In On New Luna Tokens' Prospects
Since the backers of the failed Terra blockchain launched a new digital token to compensate investors burned by one of cryptos biggest busts, the blows have kept coming.
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Crypto Tax Regime: Terra Investors In India Face Double Whammy
Terra investors around the world lost billions of dollars when the algorithmic-stablecoin project crashed but they recovered a small part of their bets when a new token was distributed as compensation. Investors in India arent as fortunate.
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Terra's Implosion Underscores Crypto Sector's Ability To Quickly Pivot
To some extent, the Terra implosion also underscores the crypto sectors ability to quickly pivot after a big shakeout.
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Crypto Trading In India Hit As Deposit And Withdrawal Facilities Halted: Report
When Surojit Chatterjee walked on stage at a Coinbase Global Inc. conference in Bengaluru, India, on April 7, he had little reason to anticipate the fallout that would shortly ensue.
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1% Tax Deductible At Source May Lead To Liquidity Crunch, Say Crypto Experts
When India's government unveiled a plan to tax crypto assets in February, it was the 30% rate on income from digital-asset investments that grabbed headlines. But its a different levy that has the industry warning of a potentially destabilizing liquidity crunch.
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Crypto’s ‘Middle Child’ Ethereum Flounders as Rivals Gain Ground
Ethereum is confronting critical questions about its role in supporting crypto commerce, following changes to the user experience that are said to have diminished activity. According to critics, there has been a rising dependence on Layer-2 blockchains, which are developed to enhance time consuming and expensive transactions.
-
Telegram-Linked Toncoin Token Sheds $2.7 Billion After CEO Pavel Durov Detained
The Open Network — or TON — blockchain has access to Telegram’s 900 million monthly users via a partnership and seeks to enable services such as in-app payments and games.
-
Online Payment Frauds Jump Over 400 Percent in India, RBI Data Shows
Digital payment frauds in India saw a 400 percent jump in the year ended March 2024, according to the Reserve Bank of India's (RBI) annual report. Data from the central bank shows that the value of transactions on UPI jumped 137% in the past two years to 200 trillion rupees, while the rise in online transactions is also boosted by cheap access to t...
-
Canada Stopped Talks On Free Trade Agreement: Piyush Goyal
The talks between India and Canada for a free trade agreement are on a pause as the latter stopped discussions due to some misconceptions, Union Minister Piyush Goyal said.
-
Bitcoin Coders Deliberate Over Future of $1 Billion Memecoins Such as Pepe
The coders who maintain Bitcoin’s blockchain are clashing over whether to stamp out the meme tokens swarming the network. It is creating a logjam and forcing the Binance exchange to temporarily halt Bitcoin withdrawals.
-
Bhutan Seeking Investment for $500 Million Fund for Green Crypto Mining in Himalayas
Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.
-
BlockAura Crypto Coin Cracks After Attracting Indians With 3,100 Percent Returns
BlockAura, a crypto coin that many Indians have invested in, surged 3,100 percent over the past eight months. Many investors in India are betting crypto is the quickest way to get rich, lured by a raft of startups promising yields as high as 25 percent a month. Here's how a tumble in the value of the crypto coin could affect Indian investors.
-
Traders Flee Indian Crypto Exchanges For Binance To Escape Taxes
Binance's billionaire CEO Changpeng Zhao is tightening his grip on India's market for cryptocurrency trading in the fallout from a major tax change.
-
India's Crypto Exchanges Suffer Huge Declines As New Tax Kicks In
Warnings from Indian crypto exchanges that a controversial new transaction tax would erode trading are coming true, with volumes evaporating since the levy took effect.
-
Crypto Exchanges Face "Unwelcome" Twists, 1% TDS From July 1 To Start With
India's largest digital assets exchanges are bracing for a drawn-out crypto winter one with some unwelcome local twists.
-
No Future: Analysts Weigh In On New Luna Tokens' Prospects
Since the backers of the failed Terra blockchain launched a new digital token to compensate investors burned by one of cryptos biggest busts, the blows have kept coming.
-
Crypto Tax Regime: Terra Investors In India Face Double Whammy
Terra investors around the world lost billions of dollars when the algorithmic-stablecoin project crashed but they recovered a small part of their bets when a new token was distributed as compensation. Investors in India arent as fortunate.
-
Terra's Implosion Underscores Crypto Sector's Ability To Quickly Pivot
To some extent, the Terra implosion also underscores the crypto sectors ability to quickly pivot after a big shakeout.
-
Crypto Trading In India Hit As Deposit And Withdrawal Facilities Halted: Report
When Surojit Chatterjee walked on stage at a Coinbase Global Inc. conference in Bengaluru, India, on April 7, he had little reason to anticipate the fallout that would shortly ensue.
-
1% Tax Deductible At Source May Lead To Liquidity Crunch, Say Crypto Experts
When India's government unveiled a plan to tax crypto assets in February, it was the 30% rate on income from digital-asset investments that grabbed headlines. But its a different levy that has the industry warning of a potentially destabilizing liquidity crunch.
