The Crypto news category comprises articles and videos focussing on the current crypto market events and developments.
Japanese Government is considering digitalizing YEN by the next year 2023, as soon as possible. Read More in the details below. Japanese central bank working for Digital YEN. The Japanese central bank is apparently planning to launch a trial involving “consumers and private sector enterprises” in the spring of 2023 to test the viability of…
Mainland’s First cross-border pilot project for the digital yuan is poised to be jointly launched by China and Hong Kong as the People’s Bank of China (PBoC)-led project gets closer and closer to becoming live. Howard Lee, the Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA), told Shanghai Securities News that Hong Kong…
Crypto Paper Wallet Scams are increasing in Australia. Australian Police Warn People Australians have been cautioned to avoid suspicious-appearing fraudulent Bitcoin paper wallets that trick users into accessing a profitable crypto wallet but eventually deplete their own cryptocurrency holdings. A Nov. 22 post on the NSW Police Force’s Facebook page claims that the fraud begins…
Binance.US, the American subsidiary of crypto exchange Binance, is reportedly seeking to acquire crypto credit provider Voyager Digital after FTX dropped out of the process. Voyager announced last week, following the fall of FTX “Voyager has reopened the bidding process for the company, and is in active discussions with alternative bidders.” The Wall Street Journal reported that…
Genesis Global, a crypto lending firm, announced plans to suspend redemptions and new loan applications on Nov. 16. Genesis Global halted withdrawals due to the FTX issue Genesis Global credited its selection of particular markets in part to various events that drove them into the market. One such event was the difficult disappearance of Bitcoin…
As per the new law, the purchaser of virtual digital assets (VDA) is required to deduct 1% of the amount paid to the seller ( resident Indian) as income tax deducted at source (TDS). TDS on Virtual Digital Assets. What is TDS? A tax deduction is an expense that can be subtracted from your taxable income. This…
Indonesia’s central bank (Bank Indonesia) is working to introduce a digital rupiah, which will function as its official legal tender for all electronic transactions within the country. The new currency will additionally be approved as a means of exchange between nations. Bank Indonesia Plans to Expand Digital Rupiah Availability by Year’s End. The Indonesian monetary…
Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. GBPT – Pound Pegged Tether Britain seeks to legislate for regulators to oversee the implementation of some stablecoin coins as part…
In the past few years, cryptocurrency has been on a rollercoaster ride of ups and downs. However, in the past few months, there has been a significant market fall. So, what led to this crypto market fall? Crypto Market Crashes Cryptocurrency was being called the future of money. Last year the crypto market was seeing…
The organization at the back of the “Bored Ape” collection of NFTs has raised around $285 million really well worth of cryptocurrency via way of means of promoting tokens which constitute land in a digital international sport it says it’s far constructing. Bored Ape NFT The organization at the back of the “Bored Ape” collection…
