The FinTech Hub
Source: Live Mint A Jodhpur bench of Income Tax Appellate Tribunal (ITAT) recently ordered that the gains on cryptocurrencies sold before 2022 will be treated as capital gains and not as income from other sources. This is believed to hold a lot of significance as the capital gains (both short and long term) on cryptocurrencies sold after April…
Source: Live Mint (Bloomberg) — Bitcoin reached an all-time high for a second consecutive day, with traders eyeing the $110,000 price level. The original cryptocurrency rose as much as 2.1% to $108,315 on Tuesday, before retreating back to its price at the start of the day around $106,000. It has surged more than 150%…
Source: Live Mint Bitcoin surged to a record-breaking high of $107,000, reflecting a nearly 6 per cent increase over the past week. This unprecedented rally was fueled by President-elect Donald Trump’s proposal to establish a Strategic Bitcoin Reserve, modeled after the U.S. Strategic Petroleum Reserve. The announcement has sparked optimism within the cryptocurrency market, signalling…
Source: Live Mint By Gertrude Chavez-Dreyfuss and Lisa Pauline Mattackal WASHINGTON, Dec 16 (Reuters) – Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of crypto bulls. Here’s how the plan could work. WHAT IS A STRATEGIC RESERVE? A…
Source: Live Mint NEW YORK (Reuters) – Megacap tech shares muscled the S&P 500 and the Nasdaq to higher closes on Monday as U.S. Treasury yields paused and investors readied for a busy central bank week. Bitcoin surged, touching a new high after U.S. President-elect Donald Trump suggested he plans to set up a bitcoin…
Source: Live Mint Federal Reserve, BOJ, BoE rate decisions in focus this week Fed expected to cut by 25 bps on Wed, forgo January cut Bitcoin climbs to record $106,533 (Updates with midday trading) By Kevin Buckland and Greta Rosen Fondahn TOKYO/GDANSK, Dec 16 (Reuters) – The U.S. dollar hovered close to a three-week high…
Source: Live Mint HARRISBURG, Pa. (AP) — The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that, together, could push states to become more open to crypto and for public pension funds and treasuries to buy into it. Proponents of the uniquely volatile commodity…
Source: Live Mint Hong Kong, Asian stocks were mixed Friday after Wall Street retreated from record highs as investors awaited a US jobs report due later in the day. US futures were lower and oil prices were little changed. This week’s highlight for markets will be Friday’s jobs report from the US government, which will…
Source: Live Mint Stocks lost steam near all-time highs, with Wall Street traders gearing up for key jobs data that will help determine whether the Federal Reserve will cut or hold interest rates in December. Equities dropped a day after the S&P 500 hit its 56th record this year. Short-term Treasuries underperformed, with the market…
Source: Live Mint “I started my research purely from the knowledge perspective so that I don’t appear clueless when my clients talk to me about it. I felt I should understand all about it before I write it off or look at it as an investment option,” said Pande. Initially, he allocated 1-2% of his…
