The Indian government is planning to issue a set of guidelines before July 1 after making some amendments to the scope and definition of VDAs for effective tax administration of virtual digital assets (VDA). The Central Board of Direct Taxes (CBDT) has been asked to prepare the guidelines, media reports said. “This is an evolving...Read More
In its latest survey of the insurance sector, Goldman Sachs has, for the first time, included questions related to cryptocurrencies. The replies of top global asset managers show that they’re slowly recognizing crypto assets as investments. The adoption of digital assets by insurance sector investors has been a keenly watched space. In December 2020, MassMutual...Read More
Prior to the pandemic, Bitcoin appealed to many as an inflationary hedge due to its low (near zero) correlation with traditional assets such as stocks. However, in recent times, the narrative has taken a 180° turn, owing to macroeconomics shifts. According to a report by 21Shares, Bitcoin and the S&P 500 moved in sync, with...Read More
[PRESS RELEASE – Please Read Disclaimer] (Singapore) – IWS FinTech launches KryptoPips, the world’s first multi-broker rewards coin, allowing brokers to reward their clients for participating in various trading activities. As key drivers of customer loyalty, the rewards coins will enable brokers to acquire new customers and maintain existing ones, thereby growing the brand. The...Read More
Despite all of the turmoil surrounding stablecoins over the previous month, Tron’s USDD has made substantial progress. The stablecoin has hit some significant milestones since its introduction exactly one month ago. USDD has been promoted to the ‘first over-collateralized decentralized stablecoin,’ according to the TRON DAO Reserve. The currency has a total circulating supply of...Read More
Betting on India’s impending launch of CBDC, T Rabi Sankar, Deputy Governor of the nation’s central bank, the Reserve Bank of India (RBI), dismissed the idea that stablecoins should be accepted as 1-to-1 fiat-pegged cryptocurrencies. CBDCs Can Kill Crypto “We believe that central bank digital currencies (CBDCs) could actually be able to kill whatever little...Read More
After trading sideways at the $6 level since June, Terra 2.0 (LUNA) price dropped significantly today by over 20%, to a current level of $4.86. The recent drop is likely due to Do Kwon closing his Twitter so that only approved followers can see his Tweets. It’s unclear why LUNA’s founder closed down his Twitter,...Read More
CryptoCom continues its global expansion by securing provisional approval from Dubai’s regulators to provide a full range of cryptocurrency products and services in the city. It will receive its operating license once it fulfills all its mandatory requirements in the near term. According to a document shared with CryptoPotato, Dubai Virtual Assets Regulatory Authority (VARA)...Read More
