February 1, 2022

India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions

India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions

The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets … The magnitude and frequency of these transactions have made it imperative to provide for a specific tax regime.” 30% on Crypto Income …

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Cryptocurrency Prices: Bitcoin, Ethereum, Dogecoin Drop Today. Check Latest Rates

Cryptocurrency Prices: Bitcoin, Ethereum, Dogecoin Drop Today. Check Latest Rates

“The cryptocurrency market was back in the red on Monday, thanks to profit-booking following weekend gains. Trading volumes sank significantly on account of the holiday week in Asian markets. Bitcoin, along with other tokens, moved little over the weekend with light trading volume, as the majority of the markets in Asia headed to the weeklong …

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Stocks making the biggest moves in the premarket: AT&T, AMC Entertainment, UPS and more

Stocks making the biggest moves in the premarket: AT&T, AMC Entertainment, UPS and more

Take a look at some of the biggest movers in the premarket: AT&T (T) – AT&T announced plans to spin off its stake in the WarnerMedia/Discovery Communications (DISCA) combination to its shareholders when that merger is completed later this year. Shareholders will receive 0.24 shares of Warner Brothers Discovery for each AT&T share they now own. AT&T also said …

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Nifty News: The Lennon Collection, Gucci and Lamborghini NFTs, Atari’s 50th anniversary

Nifty News: The Lennon Collection, Gucci and Lamborghini NFTs, Atari’s 50th anniversary

Julian Lennon auctions off The Beatles memorabilia as NFTs, Italian brands Gucci and Lamborghini develop NFT collections with both digital and physical elements, and Atari develops giftable NFTs for its 50th anniversary. Let’s start off the week with the latest nonfungible token (NFT)-related news in today’s Nifty News. The following collections are either ongoing or …

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Thai Cafe Welcomes Traders to Offer Crypto Advice

Thai Cafe Welcomes Traders to Offer Crypto Advice

A cafe in the northeastern corner of Thailand has become a meeting point for cryptocurrency traders, according to Reuters reported on Jan. 30. A large display screen capable of showing the latest cryptocurrency market developments has also been added to the cafe called HIP Coffee & Restaurant. One of the clients, 23-year-old trader Apakon Putnok, said …

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Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory Clarity

Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory Clarity

A recent survey by Deloitte shows that 82% of Indians plan to invest in cryptocurrency when the government provides more clarity surrounding the regulation of crypto assets. Moreover, 77.4% of respondents want cryptocurrency to be treated as securities. Indian Crypto Survey: 82% Plan to Invest in Crypto Once It Is Regulated Professional services firm Deloitte …

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Diem Confirms Shutdown as Silvergate Acquires the Project’s Assets

Diem Confirms Shutdown as Silvergate Acquires the Project’s Assets

Facebook (now Meta) is officially winding down the stablecoin project it announced in June 2019. The Diem Association is shutting down. Silvergate Bank confirmed Monday that it’s purchasing the technology and other assets from Diem, the stablecoin project from Meta Platforms (formerly Facebook) first announced as Libra in June 2019. In a statement Monday, the Diem Association …

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