India’s Equalization 2% Levy Could Be Imposed On Crypto From Offshore Exchanges
Current Indian laws may impose a 2% tax on the purchase of cryptocurrencies from overseas exchanges that serve the Indian market. According to local sources, the Indian government’s 2% “offset tax” can be extended to crypto assets purchased on offshore exchanges. As reported by the Economic Times on June 22, analysts inferred that existing laws […]
Dogecoin: Elon Musk Asked To Say Something About The $70 Billion Shrunk
Dogecoin’s market value has fallen by $70 billion, due to the fact that SNLDOGE has fallen 70% from its all-time high and because traders stated repeatedly that altcoins have “no bottom” Dogecoin (DOGE) is Elon Musk’s favourite cryptocurrency mascot. Since he openly affiliated it to mainstream TVs, its value has lost tens of billions of […]
Bitcoin hashrate falls causing Ethereum, BNB, XRP to follow suit
The latest crackdown from China on Bitcoin mining caused the cryptocurrency hashrate to fall and as well affecting Ethereum, BNB and XRP. When major Chinese banks stopped all cryptocurrency-related transactions, the prices of Bitcoin and Ethereum were hit hard. The recent crackdown came weeks after local directives aimed to eliminate mining operations. Bitcoin (BTC) and […]
VanEck Applied To The US Securities And Exchange Commission
The new VanEck “Bitcoin Strategy Fund” will invest in BTC futures, joint investment vehicles and exchange traded products that provide Bitcoin exposure. VanEck , a US management company, has requested from the US Securities and Exchange Commission a new Bitcoin Term Mutual Fund (BTC). As shown in the prospectus released on Monday, the new “Bitcoin […]
Institutional Sale Of Digital Assets Has Reached An All-time High Since February 2018
The CoinShares weekly report shows that there is another major output in digital asset products, and most institutional sales are focused on Bitcoin funds. According to CoinShares data, institutional managers continue to benefit from their cryptocurrency holdings, and the Bitcoin Dedicated Fund (BTC) has seen exits for the sixth week in a row. Total output […]