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What Is Cryptocurrency Banking and How Does It Work? Everything You Should Know.

Cryptocurrency banking primarily allows users to store their cash in a digital wallet or spend them in the same way they would traditional currency. On exchange sites, people can control their crypto balances. Traders, investors, and financial institutions have all expressed interest in cryptocurrencies and its novel blockchain-based method. However, the virtual medium eliminates the […]

Business

Prime Minister Modi conducts a high-level meeting on cryptocurrency

According to news agency ANI, which cited anonymous government sources, Prime Minister Narendra Modi chaired an important discussion today on the future of cryptocurrencies and associated issues. The meeting comes after Reserve Bank of India (RBI) governor Shaktikanta Das issued a warning about cryptocurrencies, warning investors about the dangers of the digital money. The conference […]

Business

Cryptocurrency income should be taxed as capital gains in the following ways.

It’s vital to note that failing to report cryptocurrency trading profits or losses can result in penalties and even prosecution. When the coronavirus pandemic swept the globe, shutting down businesses and other economic activities, the markets were filled with despair. The rise of Bitcoin, on the other hand, has served to alleviate some of the […]

Business

Indian government is expected to meet the industry players to discuss on crypto.

Players in the cryptocurrency industry are expected to meet with government officials to discuss the roadmap. On November 15, at 3 p.m. in New Delhi, the meeting will begin. Top crypto stakeholders have been invited to a meeting by government officials. The gathering will include representatives from CoinSwitch Kuber, CoinDCX, WazirX, and the Crypto Assets […]

Business

In just 24 hours, this cryptocurrency increased by nearly 70,000 percent.

According to Coinmarketcap data, Kokoswap, a little-known cryptocurrency, soared from $0.01005 to $7.22 in just 24 hours on November 10, a whopping 71,000 percent increase. Kokoswap is presently trading at $6.44, with a market capitalization of almost $2 billion (17:32 IST). The cryptocurrency market has been extremely turbulent in recent weeks, with massive price fluctuations. […]

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Cryptocurrency day trading keeps young Indians occupied late at night.

Every day at 7 p.m., Mumbai-based techie Anish Gupta switches from his work laptop to his home one. The 27-year-old programmer transforms into a crypto trader, taking advantage of late-night opportunities in the highly volatile market. “My monthly income from day trading sometimes exceeds my pay,” said Gupta, who works for a Gurgaon-based IT outsourcing […]

Business

As the inflation hedging drumbeat grows louder, Bitcoin reaches a new high of $69,000.

After inflation data strengthened the notion that bitcoin is a hedge against rising cost pressures, Bitcoin hit another record high and is flirting with $69,000 for the first time. On Wednesday, the most valuable digital asset surged 1.9 percent to $68,991, surpassing the previous high set late Monday in New York trade. Other cryptocurrencies soared […]

Business

Shaktikanta Das, the governor of the Reserve Bank of India, has issued a warning against Cryptocurrencies.

Shaktikanta Das of the Reserve Bank of India (RBI) has issued a warning against cryptocurrencies, warning investors about the possible dangers of the digital money. Cryptocurrencies are a major source of concern in terms of macroeconomic and financial stability, according to Das. Shaktikanta Das’s remarks come at a time when the crypto frenzy is still […]