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
February, Newswire Investors Blockchain expertise is decided to revolutionize fundamental industries world wide. We are already witnessing one of the crucial adjustments which have include this novel technology. The online gambling industry has equally embraced the technology in a bid to augment the iGaming journey. This article highlights the influence of cryptocurrencies and non-fungible tokens(NFTs)
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
The blockchain rare-earth scheme is an EU-funded certification scheme. The is project is to certify sustainability for EVs. Automakers demanded evidence about materials used in manufacturing magnets for EVs. Therefore, the EU-funded certification scheme uses blockchain and is under development for rare earth. What is the Blockchain rare-earth scheme? The Rare Earth Industry Association (REIA)
The Taihuttus ‘Bitcoin Family’ sets its roots in Portugal for its 0% tax on cryptocurrency. Portugal is known to be Europe’s ultimate crypto tax haven. The so-called ‘Bitcoin Family’ patriarch chose Portugal for favourable crypto tax rules. Didi Taihuttu said, “You don’t pay any capital gains tax or anything else in Portugal on cryptocurrency. That’s
India’s Finance Minister Nirmala Sitharaman announced to impose a 30% tax on cryptocurrency. Partner at IndusLaw, Ritesh Kumar, told Business Insider, “The 30% rate of tax and restriction to set-off losses is a very bold move in discouraging transactions in crypto.” Nirmala Sitharaman, Finance Minister of India, said during the Union Budget 2022-23, “Cryptocurrencies will
The Financial Services Authority (OJK) warned that Indonesia bans financial firms from trading cryptocurrency. The regulators also warned that people must understand the volatility and risks of cryptocurrency before investing in it. Cryptocurrency in Indonesia In a statement posted on Instagram, the regulators said, “OJK has strictly prohibited financial service institutions from using, marketing, and/or
As the Bitcoin market cap drops 11% in 24 hours, the world’s most significant 100 cryptocurrency tokens are trading in the red. Overall the entire cryptocurrency market cap fell below 12% in the last 24 hours, according to coinmarketcap.com. Cryptocurrency drops in the last 24 hours Ether, the second-biggest cryptocurrency, went down 15%, dropping to
The increasing digitisation due to the rising pandemic has led to an increase in instances of cybercrime. According to a study by World Economic Forum (WEF) titled Global Cybersecurity Outlook 2022, there was a 151 percent increase in ransomware attacks in 2021. It shows that on an average 270 cyberattacks were faced by one organisation
