Crypto tax policy framework passes India’s parliament despite pushback from lawmakers
Under the framework, those conducting crypto transactions will be subject to a 30% tax starting on April 1, while the 1% TDS requirement will take effect on July 1.
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Kazakhstan May Tax Crypto Mining At a Flat-Rate of 15%
Kazakhstan’s Ministry of the Economy wants to tax crypto mining in an effort to deal with the COVID-19 pandemic. A proposal made by the government of Kazakhstan aims to impose a 15% flat-rate tax on crypto mining. The plan would use any funds accumulated through the tax to deal with the COVID-19 crisis in the…
IDC: EU Blockchain Spending Will See Temporary Drop Due to COVID-19
Analysts have revised down their forecasts for European enterprise spending on blockchain development in the next few years due to the economic aftershocks of the COVID-19 pandemic. In a report published on May 5, United States-based market research firm International Data Corporation (IDC) said it expects the slowdown to be temporary and unevenly distributed across sectors.Prior…
2019 Bitcoin Transaction Volume Moved Away From US in First Since 2013
For the first time since 2013, the U.S. is no longer the top recipient of Bitcoin (BTC) as valued in USD, as Singapore took the lead over the course of 2019.As of Dec. 5, 2019, global users sent BTC valued at $8.58 billion to Singapore in 2019, according to analytics site Crystal Blockchain. Users in…
Chinese Tech Giant Baidu Releases ‘Super Chain’ White Paper
Chinese search engine and web services company Baidu has released the Baidu Blockchain White Paper V1.0 on Wednesday, September 26, which describes the development of a “Super Chain” network system.Baidu Blockchain Lab released the blockchain white paper focused on “the independent development of the ‘Super Chain’ network system.” The paper introduces the idea of commercializing…
Ethereum price falls 12% in 2 days — Are investors running out of reasons to hold ETH?
Selling from ETH ICO participants and a lack of demand for the spot Ether ETF could be contributing to Ethereum’s price downside.
Ethereum validator cashes in 689 ETH from MEV-Boost relay
The 689 Ether, worth nearly $1.3 million, is the largest reward received since the 691 Ether reward on March 20 paid to Lido. 268 Total views 19 Total shares Own this piece of history Collect this article as an NFTA 689 Ether (ETH) reward worth $1.28 million has been paid from a single Miner Extractable…
Huobi’s TVL drops to $2.5B amid rumors of insolvency, investigations in China
The exchange faces ongoing rumors about its stablecoins reserves and an alleged investigation by Chinese authorities. 147 Total views 4 Total shares Cryptocurrency exchange Huobi has seen outflows worth $64 million between Aug. 5-6, amidst ongoing rumors about its solvency and that Chinese authorities were investigating its executives. Outflows over the weekend resulted in the…
New Zealand Police Warn of Online Scams After Crypto Investor Loses Over $200,000 to Fraud
New Zealand police have warned the public about online scams after an investor lost $320,000 NZD ($213,000 USD) to crypto fraudsters, the Canterbury police confirmed Wednesday, September 26.The unnamed investor, who made multiple investments in an online cryptocurrency scheme which turned out to be fraudulent, was attracted by its “extremely good returns,” a police report…