India’s New Crypto Tax Rules Bring Heavy Penalties India has begun strict new tax guidelines on the profits obtained from cryptocurrencies. Undisclosed gains will attract up to 70% penalties. This amendment is under Section 158B of the Income Tax Act as announced by Finance Minister Nirmala Sitharaman in the Union
Gang Jailed for Kidnapping and Extorting Crypto Investor Seven members of a UK gang were handed jail sentences for kidnapping crypto investor, torturing, and extorting a cryptocurrency investor. The victim was attacked numerous times over several months to have around £100,000 ($124,152) transferred in crypto. The nightmare began in January
Elon Musk’s father, Errol Musk, has backed ‘Musk It,’ a memecoin aiming to raise up to $200 million for a new think tank. However, concerns over transparency and Elon Musk’s lack of involvement cast doubt on the project’s credibility. Errol Musk and business partner Nathan Browne have partnered with a
Tuttle Capital has made a bold move by filing for 10 leveraged cryptocurrency exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC). Notably, the list features Solana (SOL), XRP, Litecoin (LTC), and Cardano (ADA), alongside lesser-known tokens like TRUMP, MELANIA, BONK, Chainlink (LINK), and Polkadot (DOT). These ETFs
Bybit has officially launched Bybit Pay in Brazil, integrating with Pix, the country’s popular instant payment system. This new solution enables users to make payments using both cryptocurrencies and Brazilian reais. With over 60 million users worldwide, Bybit aims to streamline crypto payments in everyday transactions, offering a flexible and
Scott Bessent, a billionaire hedge fund manager and vocal crypto supporter, has officially become the 79th US Treasury Secretary. The Senate confirmed his nomination with a 68-29 vote, following President Donald Trump’s recommendation. Bessent succeeds Janet Yellen and takes office at a crucial time for US fiscal and crypto policy.
Trump Inauguration Speech: No mention of crypto! Trump first day in office: No mention of crypto!! But his actions speak for crypto!!! The Crypto President appointed Mark Uyeda as the acting SEC Chair and Uyeda is a crypto-friendly person. The crypto world is excited with Trump’s pro-crypto policies and his
Decentralized Finance, often referred to as DeFi transitioned from a niche to a mainstream industry over the years. It is projected to be a disruptor for the global banking system in 2025, valued at over 30 trillion dollars. Traditional financial services are now facing competition as DeFi protocols offer open,
Binance Futures has announced the launch of two new perpetual contracts: VINEUSDT and PIPPINUSDT. The contracts will be available from January 24, 2025, with VINEUSDT launching at 10:00 (UTC) and PIPPINUSDT launching at 10:15 (UTC). Both contracts will allow traders to leverage up to 25x, offering increased flexibility for experienced
The U.S. Securities and Exchange Commission (SEC) has announced the formation of a dedicated crypto task force. The initiative aims to create a clear regulatory framework for digital assets, signaling a major shift in the agency’s approach under the new Trump administration. Acting Chairman Mark Uyeda revealed the plan on
