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With an estimated 15 to 20 million crypto investors, and no clarity on the size of the Indian crypto market, a blanket ban is set to shake up the entire crypto ecosystem.
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New Delhi: As India and the US prepare to fix an unregulated world of cryptocurrencies, top Swedish financial and environment authorities have called for an European Union (EU)-wide ban on cryptocurrency mining, saying the consumer risks are significant as crypto assets are commonly used for criminal purposes such as money laundering, terrorist financing and ransomware […]
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New Delhi: Indian business tycoon Anand Mahindra said that he has not invested a “single rupee” in cryptocurrencies. The billionaire shared some screen grabs which claimed that he has made tons of money using a cryptocurrency investment platform. The screenshots of the report stated that he made money using a crypto coins auto-trading programme Bitcoin Era. […]
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New Delhi: The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the Budget next year, a top official said. Revenue Secretary Tarun Bajaj said that in terms of income tax, some people are already paying capital gains tax on […]
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New Delhi: Prime Minister Narendra Modi on Thursday urged all democratic nations to work together to ensure that cryptocurrency does not end up in the wrong hands, cautioning that it can spoil the youth. In a virtual address at the Sydney Dialogue, he said the digital age is changing everything as it has redefined politics, […]
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The crypto stakeholders and the government have reached a consensus that such advertisements are misleading youths and must be curbed.
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Twitter users saw this as a rare insight into how Cook manages his portfolio, as also revelation that he has done some research on crypto.
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The ball is currently in the court of the Finance Ministry and the Reserve Bank of India (RBI). A cryptocurrency bill is expected in the winter session and till the whole picture is cleared, investing in cryptocurrencies can be a dangerous move, warn legal experts.
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Analysing what makes GPUs ideal for mining blocks and hashes
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Bitcoin has crossed the $46,000 mark (more than Rs 34 lakh for single coin) once again. The most popular cryptocurrency has been trading in the green with a market cap of more than $848 billion, according to CoinMarketCap.
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The two executives from the Blockchain Credit Partners company used the Ethereum blockchain to sell cryptocurrencies to investors while misleading them about the company's profitability, reports The Verge.
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Foresees avenues to increase offerings to payments industry and opportunity to serve neobanks and cryptocurrency sectors in future
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A company spokesperson told Insider that it was "inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon."
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While Clubhouse features thousands of clubs on this topic with thousands of users, its Indian alternative Leher is also not far behind.
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"While KYC compliance is already happening, there is no regulation in place to check any kind of suspicious trading activity,” said Sunil Agarwal, dean, Blockchain programme, TalentSprint.
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If you plan to trade, do your research and invest conservatively
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Raftaar said that he has been an ardent admirer of the blockchain technology and accepting payment using the same technology is making his dream a reality.
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The arrested person has been identified as P. Tamil Selvan (22), pursuing MSc in Psychiatry, and a resident of Revathipuram of Urapakkam in Tamil Naidu.
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The RBI had first come out with a circular on the issue in 2018, cautioning people about investing in cryptocurrencies, which do not have any sovereign character.
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While the short volatile period has widely been touted as a course correction (one Bitcoin is currently hovering around $37,000 after touching a record high of nearly $60,000 just a couple of weeks ago)