The FinTech Hub
Source: Live Mint Bitcoin taxation case: An ex-Infosys employee recently won a case against the Income Tax department after the Jodhpur income tax appellate tribunal (ITAT) decided that the cryptocurrency (Bitcoin) sold by the person was a capital asset. The ITAT also ruled that the Bitcoin investment was funded from the person’s Infosys’ salary income….
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 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 India’s cryptocurrency sector is expecting a hiring upswing by 2025-start as the industry stabilises due to domestic regulatory clarity, the market boost from the 2024 United States Presidential elections, which saw Donald Trump win, and the entry of global exchanges into the country, according to a report by the Economic Times. Further,…
Source: Live Mint Bitcoin prices hovered around $98,608 on Saturday in international exchanges, buoyed by the euphoria over Donald Trump-led Republican party reclaiming the White House. With its total market cap touching more than two trillion dollars, the oldest cryptocurrency has witnessed a spike of 51 per cent in the past one month. There is…
Source: Live Mint In 2022, the Indian government introduced a flat 30% income tax on gains from cryptocurrencies and Non-Fungible Tokens (NFTs). Investors riding the current rally should be aware of their advance tax and reporting obligations to avoid penalties under the Income Tax (IT) Act. With a 1% TDS deducted on sales of these…
Source: Live Mint Dogecoin, the cryptocurrency featuring the face of Kabosu from the “doge” meme, witnessed 145 per cent growth since the Republican candidate Donald Trump won the US Presidential Elections 2024 to become the President-elect, eyeing to make a White House comeback, the Economic Times reported on Tuesday, November 12. Dogecoin has gained nearly…
Source: Live Mint Bitcoin hits first-ever $80,000 mark as traders bet on Trump’s White House return Read Full Article
Source: Live Mint The Iranian Rial fell on Wednesday, November 6, to an all-time low as former President Donald Trump raced for the U.S. presidency again, reported the news agency AP. The rial traded at 703,000 rials to the dollar. The last two times the Iranian Rial took a hit was in 2015. At the…
Source: Live Mint Bitcoin surpasses $71,000 for first time since June as US elections nears Read Full Article
