As per CoinMarketCap, Bitcoin dipped over 8% in the past week. The new tax laws severely impacted cryptocurrency. While the 30% tax on crypto came into effect on April 1, the 1% TDS deduction will take effect from July. The first week of April witnessed a negative impact on BNB, Bitcoin, Shiba Inu, Ethereum, Litecoin,
As per an April 2 announcement, TIffany & Co minted 499 18K gold coins worth $9,999 each. However, on April 1, as a joke, Tiffany announced via Twitter, “we’re launching our own cryptocurrency called TiffCoin — with exclusive product launches, NFT releases and invite-only events for top TiffCoin holders!” “Get some gold in your wallet
As informed by a source to CNBC, Britain’s Finance Minister Rishi Sunak will announce the new crypto regime. The upcoming announcement will focus on stablecoin as The Treasury continues discussions with trade and firm groups. Furthermore, as the information is not public yet, The Treasury declined to comment, and the four sources familiar with the
The crypto industry loosened up as the European Parliament rejected a clause in MiCA. Furthermore, the crypto industry weighs the pros and cons of PoW vs. PoS. The clause in Markets in Crypto Assets (MiCA) would have banned PoW protocol-based cryptocurrencies, including bitcoin. However, Solana and Cardano stand on PoS, where miners can “stake” cryptocurrencies
Ukraine’s government has raised cryptocurrency donations worth $13 million, according to Elliptic. As per data from Elliptic, a blockchain analysis firm, bitcoin donations poured in after Ukraine appealed to social media. Ukraine’s cryptocurrency and digital token donations On Saturday, Ukraine’s official Twitter account appealed for cryptocurrency donations. Ukraine’s Vice-Prime Minister and minister of digital transformation,
The National Bank of Ukraine ordered to suspend issuing e-money. As a result, Ukrainians turn to crypto. Electronic money refers to digital accounts platforms like PayPal and Venmo. National Bank of Ukraine suspends e-money On Thursday, The National Bank of Ukraine released a statement including an order to suspend the foreign exchange market. Furthermore, they
On Wednesday, the ASCI issued a set of ad guidelines for cryptocurrency products and NFTs. Furthermore, The guidelines apply to all adverts released or published on or after April 1. The disclaimers issued by ASCI read, “Crypto products and NFTs are unregulated and can highly risky. There may be no regulatory recourse for any loss
Du Jun, Huobi, co-founder, says that due to the halving cycles, there will be no bitcoin bull run until 2024. He believes the halving events affect the bitcoin market cycles. He said, “Following this cycle, it won’t be until end of 2024 to beginning of 2025 that we can welcome next bull market on bitcoin.”
Ethereum blockchain co-founder Vitalik Buterin says the digital-asset universe may benefit from the dip in coin prices. The recent coin price retreat is casting a chill on investors known as another crypto winter. However, the sector has boomed since the last “crypto winter” of 2018. Crypto ‘welcomes’ another winter Vitalik said in an interview with
The Indian Crypto Industry seeks a revision on the 30% tax rate from the government. The 2022 Union budget announced a 30% tax imposition on cryptocurrency. The Blockchain and Crypto Assets Council drafted a memorandum that will consider the several implications of the new tax rule. The memorandum will also monitor the impact of the
