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India to impose a 30% tax on Cryptocurrency; What expert says

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 […]

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Indonesia bans financial firms from trading in cryptocurrency

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 […]

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Russia to impose a ban on Cryptocurrency Trading and Mining

Russia’s Central banks make a move against Cryptocurrency. Russia decides to impose a ban on cryptocurrency trading and mining. Pavel Durov, the founder of the telegram, says that “Russia’s Crypto ban might drive out IT professionals and no developed countries ban cryptocurrencies.”  The third-largest Crypto mining nation outlaws Crypto trading and mining. Russia’s move against […]

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Bitcoin market cap drops 11% in 24 hours

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 […]

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Tesla to accept Dogecoin as payment

Elon Musk announced in a Tweet, “Tesla merch buyable with Dogecoin.” Tesla will now accept Dogecoin as payment for selected merchandise.  Elon Musk’s Tesla to accept Dogecoin as payment Tesla will now accept Dogecoin as payment for merchandise such as – the $150 Giga Texas Belt feat. the company logo and the recently launched $50 […]

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Pakistan plans to ban Cryptocurrency

As suggested by Chainalysis’ Global Crypto Adoption Index, Pakistan plans to ban Cryptocurrency. Despite the country ranking third with the highest number of crypto users, the State Bank of Pakistan submitted a document calling cryptocurrencies illegal in the Sindh High Court.  Why does Pakistan plan to ban Cryptocurrency? While this isn’t the first time Pakistan […]

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Binance CEO is richer than Mukesh Ambani

Binance CEO Changpeng Zhao’s net worth is now $96 billion, making him richer than Asia’s richest – Mukesh Ambani. Founded in China as a portmanteau of binary and finance in 2017, Binance soon unfolded as a crypto powerhouse.  The company is from China, and CEO Changpeng Zhao is spotting new locations for Binance HQ.  How […]

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Bitcoin Value Drops After U.S. Fed To Raise Interest Rates

Bitcoin value drops after U.S. Fed suggests an increase in interest rates. Crypto value also dropped due to the internet shutdown in the world’s second-largest bitcoin mining hub, Kazakhstan.  The U.S. Federal Reserve suggests raise in interest rates While the U.S. Federal Reserve announcement to raise interest rates may have dropped bitcoin value, the crypto […]

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Twitter’s former CEO Jack Dorsey’s views on Bitcoin replacing the US$

We all know how Cryptocurrency is standing on the verge of going mainstream. The choice made by the former CEO of Twitter is one towards profits, as in his other company named ‘Square,’ which is a payment platform. Some would say that Jack Dorsey is chasing the money while various other platforms struggle to generate […]

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How is the US Dollar Moving Crypto Market Volatility?

The US dollar remains the world’s most seminal and iconic international currency, and one that features on one side of around 88% of all global forex transactions. Not only is the US dollar the most widely traded and crucial from an historical perspective, but it’s also the world’s largest foreign reserve currency and remains the […]

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