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Indian Government Review Bill That Proposed Ban on Cryptocurrencies

It has been reported that the Indian government and top industry stakeholders are revisiting provisions of the law that advocated a ban on cryptocurrency. The bill in question is dubbed the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 that was developed years back but never introduced during parliament’s budget session. Bloomberg Quint recentlyRead More дальше »

2021-6-17 19:00


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Groundbreaking Bill Giving Bitcoin Legal Tender Status Officially Passed In El Salvador

With 62 votes a few hours ago, the Salvadoran Congress has approved the bill introduced by president Nayib Bukele to adopt bitcoin as the country’s legal tender. As ZyCrypto reported earlier, Bukele announced during the Bitcoin 2021 Miami Conference that he was considering sending a bill to Congress to make the world’s oldest cryptocurrency the […] дальше »

2021-6-10 19:27


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Did Bitcoin Just Stumble Below $36,000 On Reports Of Chinese Weibo Blocking Many Crypto-Related Accounts?

The recent regulatory crackdown on bitcoin and crypto in China has reached a new dimension, with the country’s social media giant Weibo banning several crypto-related accounts. The news was reported by Colin Wu or Wu Blockchain on Twitter, the author of the Chinese crypto newsletter Wublock, who described this as “the harshest suspension of crypto […] дальше »

2021-6-6 20:25


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Black Ocean Offers Whales Ample Liquidity and Trading Anonymity with Accelerated Initiatives on ProBit Global

Inspired by traditional markets and driven by a daily trading volume increase from Jan 2020 to present from $61B to $170B, VRM, a proprietary high-frequency trading company that reported average daily trading volumes between $15B – $20B in March, has developed a liquidity provision and order execution solution called Black Ocean. FLY, an ERC20 token […] дальше »

2021-5-28 18:18


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Bearish Rumble Intensifies As China Moves To Crack Down On Bitcoin Mining and Trading Activities

China appears to be ready to go to war with Bitcoin and other cryptocurrencies just about a month removed from changing its stance on digital assets. Earlier this week, it was reported that the country had banned financial institutions from conducting any crypto transactions but subsequent claims pointed out that the powers that be are […] дальше »

2021-5-22 20:25


US Treasury Wants $10k Crypto Transactions Reported; Likely to Rise In ‘Importance in the Next Decade’

The new American Families Plan Tax Compliance Agenda would go into effect in 2023, the agency wants crypto businesses to report transactions in excess of $10,000. Just like they report Cash transactions in excess of $10k The post US Treasury Wants k Crypto Transactions Reported; Likely to Rise In ‘Importance in the Next Decade’ first appeared on BitcoinExchangeGuide. дальше »

2021-5-21 16:36


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US Treasury Unveils Biden’s Proposed Tax Measures — Cryptocurrency Transfers Over $10,000 to Be Reported to IRS

The U.S. Department of the Treasury has announced measures to crack down on tax evasion involving cryptocurrencies as part of President Joe Biden’s proposed tax compliance measures. Among the measures is a requirement for businesses that receive crypto assets with a fair market value of more than $10,000 to report transactions to the IRS. Treasury […] дальше »

2021-5-20 20:32


Indian Govt. Backpedddling Bitcoin Ban? New Panel Planned to Study Crypto Regulations

The government of India may form a new panel of experts to study the regulation around cryptocurrencies in the country, reported the local publication citing sources privy to the discussions. A committee headed by former finance secretary, Subhash Garg in 2019, had recommended a blanket ban on crypto-assets which has now been seen as outdated. дальше »

2021-5-19 15:51


Galaxy Digital Reports $860M in Net Income in Q1 2021 and Surpasses $1 Billion in AUM

Mike Novogratz’s Galaxy Digital reported a profitable Q1 2021 with $860.2 million in net comprehensive income, a complete turnaround from the $27 million loss in Q1 2020. Novogratz, founder, and CEO of Galaxy Digital said, “Galaxy Digital reported another consecutive record quarter, as net comprehensive income grew to $860 million from $336 million in the […] The post Galaxy Digital Reports 0M in Net Income in Q1 2021 and Surpasses Billion in AUM first appeared on BitcoinExchangeGuide. дальше »

2021-5-18 20:36


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Citi Sees ‘Very Rapid’ Accumulation of Interest in Bitcoin — Contemplates Launching Crypto Services

Citigroup is reportedly seeing a “very rapid” accumulation of interest in bitcoin across a broad spectrum of clients, including large asset managers. The bank is now considering launching its own crypto services as a growing number of banks are offering bitcoin-related services to their clients, including Goldman Sachs and Morgan Stanley. Citigroup is reported considering […] дальше »

2021-5-9 03:30