Regulation
Indian exchanges scramble to implement crypto tax by April 1 deadline
Exchanges say the crypto tax was announced without key directives. While exchanges await clarity, they struggle to figure out their role in the tax system.
Monika Ghosh
Contributor
Monika Ghosh
Monika is a tech journalist. She is an avid reader fascinated by classic English literature and enjoys painting and cooking. When her head is not buried behind a book, she writes about technology like cryptocurrency, blockchain, AI and more.
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Altcoins
Ethereum price expected to hit $7,609 in 2022: report
Ethereum’s price is expected to reach US$7,609 this year, although it is expected to end the year at around US$6,500, according to Australian fintech Finder’s panel of 33 crypto specialists. Fast facts In the long term, the panel predicted that Ethereum’s price will reach US$10,810 by the end of 2025, and US$26,338 by the end […]
Monika Ghosh
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Regulation
Cryptocurrencies are not legal in India, future uncertain: Union minister
Union minister Bhagwat Karad said on Saturday that cryptocurrencies are not legal in India and that their future is uncertain at the moment. Fast facts Many investors and exchanges had viewed a decision to impose a 30% tax on cryptocurrency profits as a step toward validating the industry. Finance minister Nirmala Sitharaman, however, clarified last […]
Monika Ghosh
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Altcoins
Tiger Global leads $50M round in Philippine crypto exchange
The Philippine Digital Asset Exchange (PDAX) has raised US$50 million in a Series B funding round led by Tiger Global. Fast facts UBX, the venture fund of UnionBank of the Philippines, Kingsway Capital, Jump Capital, U.S. blockchain payments company Ripple, among others, also participated in the round. The funding round started in August last year […]
Monika Ghosh
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Regulation
Indian crypto tax creates more confusion than clarity for traders, exchanges
The announcement of a crypto tax dispelled fears of a ban but left exchanges wondering whether they may be hurt in the long run.
Monika Ghosh
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Altcoins
Fan tokens enjoy weekly sales surge while NFTs slump
Cryptocurrencies categorized as fan tokens surged by 27.53% in global sales volume over the past seven days while non-fungible tokens (NFTs) dropped by 31.66%, according to CryptoSlam data. Fast facts The market capitalization of fan tokens surged in tandem, rising by 41.3% over the same timeframe as NFTs also jumped by 30.4% in this measurement. […]
Monika Ghosh
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Bitcoin News
Crypto helps fund Ukraine defense against Russia
Ukrainian activists and volunteer groups are crowdsourcing significant money through crypto donations to fund the defense against a possible Russian invasion. Fast facts Ukrainian non-governmental organizations (NGOs) and volunteer groups have collectively received over US$570,000 in crypto, with the majority of funding coming in last year, data from blockchain analysis firm Elliptic shows. Come Back […]
Monika Ghosh
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NFT Marketplaces
3D NFT marketplace coming to Polygon via Smart MFG
Smart MFG, a blockchain-based supply chain decentralized finance firm, has integrated with Polygon to launch Phigital, a 3D marketplace for non-fungible tokens (NFT). Fast facts Phigital will focus on interoperability of 3D assets across metaverses, and NFTs with real-world use cases. The movement of different assets and NFTs across metaverses has been one of the […]
Monika Ghosh
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Crypto Trading and Strategies
Indian crypto investment turns to armed robbery, over $267K looted
An Indian auto parts dealer became the victim of a US$267,000 cryptocurrency scam after local police closed the case on what was determined to be a hoax call on Friday, local media reported. Fast facts 29-year-old victim Vinay Jain told police on Saturday that he had been robbed by the accused who had promised him […]
Monika Ghosh
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Regulation
Indian investors want government to reconsider crypto tax rate
Over 54,000 crypto investors have signed a petition urging the Indian government to reconsider a planned 30% tax rate announced earlier this week. Fast facts Blockchain and crypto education provider Crypto India co-founder Aditya Singh started the petition on Thursday to stop the government from comparing crypto to “social evils like betting and gambling.” The […]
Monika Ghosh
