Knowledge at your fingertips
A show-cause notice has been issued by Directorate of Enforcement (ED) to cryptocurrency exchange WazirX, and its directors Nischal Shetty and Sameer Hanuman Mhatre. The notice has been issued under Foreign Exchange Management Act,...
After touching a record low in the last three weeks, Bitcoin price jumped above $36,000 on Thursday morning. The world’s largest cryptocurrency climbed 13.60% to $37,182.49 at 0720 hours IST on June 10. The cryptocurrency surged on Thursday...
The Reserve Bank of India (RBI) has issued a circular to banks and other regulated entities. This circular clarifies that its 2018 circular on crypto currencies is no longer valid as it was set...
An anonymous user apparently predicted yesterday’s massive sell-off on the crypto market. He also states that it was an organized China-related campaign aimed at a single “stakeholder” This was half a day before the...
Bitcoin tumbled more than 4 percent on Friday after Turkey’s central bank banned the use of cryptocurrencies and crypto assets for purchases citing possible “irreparable” damage and transaction risks. In legislation published in the Official...
Electric vehicle manufacturer, Tesla invested $1.5 billion in the popular cryptocurrency, Bitcoin. Tesla had disclosed in a regulatory filing regarding its investment in Bitcoin. Prices of Bitcoin jumped by almost 15%, rising to $44,000...
Both electric vehicle manufacturer, Tesla and Bitcoin have given massive returns to investors off late. Tesla’s shares have soared in 2020, having given a 700% gain. Shares of Tesla were inducted into the S&P...
Bitcoin has had a stellar run this year, after recently scaling the $20,000 summit. It is now trading at $26,500 after having hit an all-time high of $28,000. Seeing this growth, the government too wants a piece of the action and is mulling over imposing 18% GST on Bitcoin trade. This move is a U-turn from the government’s previous stance where it had declared Bitcoin as being illegal. Imposing a tax on cryptocurrencies would legitimize all transactions and increase the acceptance and usage of cryptocurrencies.
Earlier this week, Bitcoin scaled new heights to touch a fresh all-time high price of $20,696. It has taken Bitcoin 11 years to reach this major price milestone. In late 2017 Bitcoin attempted to...
