Contributor
Pradipta Mukherjee is a business reporter and has worked for Bloomberg News and Business Standard in India. An MBA and a post-graduate in Economics, Mukherjee focuses on financial markets and corporates. She is a Mary Morgan Hewett award recipient for Women in Journalism. She has also won the Jefferson Fellowship; the Thomson Reuters Foundation fellowship on ‘Social Media and Digital Journalism’ at The Chinese University of Hong Kong; the Kiplinger Fellowship at Ohio University, USA; and most recently, the National Press Foundation's fellowship on 'International Trade.'
Altcoins
Bored Ape Yacht Club creator Yuga Labs announced on Wednesday Asia time that it has raised US$450 million in a funding round, bringing the Web 3.0 company to a total valuation of US$4 billion. See related article: The future is decentralized: How Web3 can reshape the world Fast facts The funding round was led by […]
Pradipta Mukherjee
Regulation
In a move that may adversely impact crypto adoption in the country, India’s government said its pending tax law for virtual digital assets will not allow offsetting gains on one crypto with losses from another. See related article: India may impose 28% GST on crypto transactions Fast facts India’s government plans to collect a 30% […]
Pradipta Mukherjee
Regulation
The Indian government is working to determine whether cryptocurrencies can be classified as goods or services, which can impose a different taxation scheme on digital assets, local media reported. See related article: India’s crypto tax will incur losses for government, says WazirX CEO Fast facts Government officials believe crypto trading is similar to gambling and […]
Pradipta Mukherjee
Bitcoin News
Bitcoin and most of the top cryptocurrencies by market capitalization landed in the green on Thursday after the U.S. Federal Reserve raised interest rates on Wednesday. See related article: Is Bitcoin really a hedge against inflation? Fast facts The U.S. central bank hiked its benchmark interest rate by 0.25 basis points, for the first time […]
Pradipta Mukherjee
Bitcoin News
Bitcoin, the largest cryptocurrency by market capitalization, crossed the US$40,000-mark on Wednesday morning Asia time after a sudden surge before returning to its pre-surge price in less than two hours. See related article: Bitcoin leads market-wide downturn as Russia fears rise Fast facts Bitcoin’s price has remained steady for the past five days, and its […]
Pradipta Mukherjee
Regulation
The Monetary Authority of Singapore (MAS) has imposed financial measures targeting designated Russian banks, entities and activities in Russia, and fundraising activities benefiting the Russian government, in response to Russia’s invasion of Ukraine. See related article: Singapore prohibits crypto, NFT transactions in sanctions against Russia Fast facts An MAS notice named the designated banks as […]
Pradipta Mukherjee
Regulation
The Lion City has been the place to be for crypto firms, but retail activity is slowing down while the central bank continues to build a haven for institutional investors.
Pradipta Mukherjee
Regulation
Income from non-fungible tokens (NFTs) in Singapore will be subject to existing income tax rules, the Business Times reported, citing Singapore Finance Minister Lawrence Wong’s Friday speech in parliament. See related article: Singapore prohibits crypto, NFT transactions in sanctions against Russia Fast facts However, individuals who receive capital gains from NFT transactions will not be […]
Pradipta Mukherjee
Regulation
India’s plans for a 1% tax deducted at source (TDS) on every crypto transaction will result in huge losses for the government, Indian crypto exchange WazirX founder Nischal Shetty said on Wednesday. See related article: Indians see future in crypto, government sees revenue, FM says Fast facts Shetty argued more revenue is to be expected […]
Pradipta Mukherjee
Regulation
Indian finance minister Nirmala Sitharaman said on Tuesday the government will discuss its position on cryptocurrencies after completing an ongoing consultation process. See related article: India government, central bank in ‘complete harmony’ on crypto: FM Fast facts Sitharaman said many Indians see a future in cryptocurrencies and the government sees opportunities for revenue in the […]
Pradipta Mukherjee
