Tagged: Bitcoin

Government considers imposing 18% GST on Bitcoin trade

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.

Gold Bar

How to asset allocate?

The burning question on everybody’s lips during the pandemic is “How to asset-allocate to ensure a bright future?”. Many have seen their wealth erode by being too “equity-heavy” or have seen inflation eat away...

Logo of US electric vehicle manufacturer Tesla

Tesla inducted into S&P 500

The electric vehicle maker Tesla was inducted into the S&P 500 on Monday, and immediately slumped by almost 5% within half an hour of the market opening as the news of a new coronavirus strain emanating from the UK started making rounds.Tesla shares have rocketed by almost 80% since the beginning of November and by more than 700% since the beginning of the year.