After showing some stabilisation in the last few weeks, world’s largest cryptocurrency Bitcoin has plunged once again below $20,000 after Federal Reserve Chair Jerome Powell’s keynote address. Bitcoin initially showed little reaction to Powell’s remarks, but then nosedived sharply and on Sunday, it was hovering around $19,975 per digital coin which is more that 60…
High net individuals (HNIs) can no longer sidestep the rules and regulations to trade in stocks, cryptocurrency and derivatives abroad. With the new rules and regulations, they are now required to be more careful with foreign investments, according to a report by Economic Times (ET). According to the new rules of the Liberalised Remittance System…
An effective tax rate calculator can help you determine how much taxes you will owe on your income. This can be a valuable tool in planning for your financial future. By knowing how much taxes you will owe, you can make informed decisions about how to invest your money and save for retirement. What does…
Ether is outperforming Bitcoin for a third consecutive day amid expectations that the intermittent bouts of optimism over the pending upgrade of the Ethereum blockchain will finally take root. The native currency of the most commercially important blockchain gained as much as 2% to $1,716 as of 10:51 a.m. in New York. Bitcoin was little…
Ethereum, the network behind the second-largest cryptocurrency by market cap (after Bitcoin), will move from a proof-of-work consensus mechanism to a proof-of-stake blockchain next month in a process called “the merge”. That will make Ethereum at least “99 per cent more energy efficient”. The Ethereum Foundation has said that the Merge Blockchain upgrade is scheduled…
The sentiment around non-fungible tokens (NFTs) fell by 14 per cent among companies in the June quarter (Q2), demonstrating a decline in optimism around NFTs due to rising discussions about the downturn in the cryptocurrency market, a report showed on Wednesday. In Q2 2022, NFTs have been the topic of more debates than ever, although…
Crypto exchange WazirX’s co-founder Nischal Shetty is raising $17-$20 million for his new Blockchain-based venture called Shardeum. According to sources, the funding will take the valuation of Shardeum, which Shetty is building with his US-based Co-founder and Blockchain architect Omar Syed, to nearly $200 million. Shetty told IANS that the startup is raising seed funds,…
At a time when many crypto companies have seen their fortunes plummet, one corner of the industry is thriving. With criminals, including North Korean hackers, increasingly targeting the sprawling software infrastructure underpinning the cryptosphere, firms that sift through code for weaknesses and run bug-hunting sites are finding themselves with more business than they can handle….
The crypto market saw a bearish week, with Bitcoin falling nearly 10 per cent in the last seven days. The largest crypto token by market capitalisation was trading at $21,750 on Friday, according to coinmarketcap.com. On Monday, it had briefly hit the $ 25,000 mark. Ethereum, the second largest crypto, was down nearly 8 per…
As the global downturn continues, the crypto scam revenue for 2022 also dropped 65 per cent at $1.6 billion this year, lower than where it was through the end of July in 2021. Since January 2022, scam revenue has fallen more or less in line with Bitcoin pricing, reports Blockchain analysis firm Chainalysis. “It is…
