Tag: cryptocurrency

Smaller cryptocurrencies suffered greater losses. (Bloomberg)
Posted in Business

Bitcoin falls below $90,000, down nearly 10% in two days

Bitcoin fell back below the $90,000-mark, hitting its weakest level in over a week as a broad selloff swept through global markets and investors pulled…

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FILE PHOTO: Income-tax department tracks all transactions involving domestically-located exchanges through their income-tax returns (ITRs) that have to disclose VDA-related transactions (REUTERS)
Posted in Business

India may mandate 3rd-party reporting rules from April 1| Business News

NEW DELHI: India plans to further tighten its regulation of cryptocurrency tractions and could mandate third party reporting from April 1, two people aware of the…

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The crypto market is on shaky ground after a weeks-long selloff that began when some $19 billion in levered bets were wiped out in early October, just days after bitcoin set an all-time high of $126,251. (Bloomberg)
Posted in Business

Bitcoin price slides below $85,000 in risk-off start to December| Business News

Cryptocurrencies fell sharply on Monday, bringing fresh momentum to a wide-ranging selloff that appeared to have settled. The crypto market is on shaky ground after…

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Posted in Economy

Offshore Binance wallets under scanner as I-T dept acts against undisclosed crypto profits

Mumbai: More than 400 well-heeled individuals across India will be pulled up by the tax authorities for hiding their crypto trades on Binance, the world’s…

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Tax break on buying EV: Will govt bring this interest deduction on buying electric vehicles back in Budget 2025?
Posted in Finance

Tax break on buying EV: Will govt bring this interest deduction on buying electric vehicles back in Budget 2025?

The emergence of different cryptocurrencies for trading and higher use of electric vehicles, which are more environment friendly, are two of the major technology-based changes…

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