Cryptocurrency

CoinSwitch, CoinDCX receive ED notices, crypto exchange platforms asked to share info under FEMA

CoinSwitch and CoinDCX have been asked by the Enforcement Directorate (ED) to submit some documents in connection with an ongoing case of the Foreign Exchange Management Act (FEMA).

Jul 06, 2022, 15:06 PM IST

Crypto friendly Singapore mulls tougher restrictions amid meltdown

The Singapore government is planning to introduce additional tough measures to safeguard consumers from the crypto meltdown, including restrictions on retail trading.

Jul 06, 2022, 14:04 PM IST

Meta to shut down digital wallet Novi in September

Meta's money-transfer service that uses the company`s own cryptocurrency digital wallet ‘Novi pilot’ is shutting down on September 1.

Jul 03, 2022, 16:54 PM IST

After Coinbase, Vauld, Bitcoin trading platform Bitpanda lays off 250 employees

Billionaire entrepreneur Peter Thiel-backed Bitpanda announced that it would be reducing its headcount from nearly 1,000 employees to 730.

Jun 25, 2022, 16:24 PM IST

Crypto investors alert! TDS on virtual digital assets from July 1: Read CBDT guidelines on crypto tax

The Central Board of Direct Taxes (CBDT) issued an FAQ on the TDS provisions on virtual digital assets (VDA) or cyptocurrencies, which was introduced in 2022-23 Budget and will be effective from July 1.

Jun 23, 2022, 15:59 PM IST

Cryptocurrency exchange Vauld cuts workforce by 30%

Vauld, which is more like a crypto bank for financial products than a crypto exchange, treats cryptocurrency as a core asset class.

Jun 22, 2022, 11:52 AM IST

Coinbase lays off 1,100 employees amid crypto markets crash

The company said it expects to incur about $40 million to $45 million in total restructuring expenses, substantially all related to employee severance and other termination benefits. This comes amid crash in crypto market

Jun 14, 2022, 19:46 PM IST

Crypto bloodbath! Bitcoin falls to record-low of $21K over worrying inflation data

Bitcoin was hovering around Rs 20,000-Rs 21,000 per BTC as the global crypto market crashed owing to the weak macroeconomic environment and systemic risk from within the crypto space.

Jun 14, 2022, 14:24 PM IST

Crypto investors alert! Bitcoin, Ethereum crash to record low amid crypto winter

The world's largest cryptocurrency further tanked 7 per cent over fears of risk-off sentiment due to a sharp rise in inflation globally, especially the US.

Jun 13, 2022, 15:22 PM IST

‘Crypto investors in India accidentally got lucky,’ says Zerodha CEO Nithin Kamath, here's why

Zerodha CEO Nithin Kamath explained how Indian investors were accidentally saved from the recent crypto market crash.

Jun 12, 2022, 13:38 PM IST

Warren Buffett’s Indian-origin disciple warns crypto investors, says ‘worst is yet to come’

Mohnish Pabrai is a value investor and a disciple of Warren Buffett.

Jun 10, 2022, 13:00 PM IST

PayPal will now let users transfer cryptocurrencies to external wallets

PayPal has said that it will now allow users to transfer cryptocurrencies including bitcoin to external wallets.

Jun 09, 2022, 12:35 PM IST

Cryptoverse: Will you grow old with bitcoin?

The market turmoil of recent weeks has hushed talk earlier in 2022 that bitcoin and other crypto would win mainstream acceptance and be ushered into pension plans.

May 31, 2022, 23:30 PM IST

Crypto mayhem! Coinbase suffers major outage, Binance halts Terra Luna crypto trading

The investors reported rolling delays in withdrawals on community discussion forum Reddit.

May 13, 2022, 11:34 AM IST

Why Terra Luna crashed 98% in a snap? Massive crypto fall signals worrying signs

Terra Luna's crash has made several investors poor overnight. Read why Terra Luna crashed inside.

May 12, 2022, 18:54 PM IST

Bloodbath in crypto market! Bitcoin down at 2020 level

The global cryptocurrency market cap reached the $1.25 trillion mark, down 13 per cent in the last 24 hours. Bitcoin accounts for about a third of the cryptocurrency market.

May 12, 2022, 17:17 PM IST

Halted UPI payments, crypto trading in India due to informal strain from RBI: Coinbase CEO

Top cryptocurrency exchange Coinbase quit India activities attributable to the "casual strain" from the Reserve Bank of India (RBI).

May 11, 2022, 13:01 PM IST

Crypto investors alert! GST Council mulling 28% tax on Bitcoin, other cryptocurrencies

The services such as crypto mining along with sales and purchases are likely to attract the 28 per cent GST if the proposal goes through in the next GST meeting, according to reports.

May 10, 2022, 09:16 AM IST