The FinTech Hub
Source: Live Mint $TRUMP Meme Coin, launched by US President-elect Donald Trump days ahead of his Inuguration as the 47th President of the United States, has quickly made an impressive debut in the cryptocurrency market. Within hours of its release, the coin surged over 300%, reaching a peak market capitalization (MCap) of $6.76 billion, as…
Source: Live Mint In the matrix of digital assets and cryptocurrencies, US President-elect Donald Trump launched his own official Trump meme coin to mark the celebration of his 47th President of the United States win on January 18. Donald Trump launched the “$TRUMP” coin, which skyrocketed over 300 per cent after the launch on Saturday….
Source: Live Mint Intesa Sanpaolo, the Italy’s biggest bank has made its first proprietary Bitcoin purchase, buying roughly 1 million euros ($1 million) worth of the cryptocurrency. The lender bought 11 Bitcoin on Monday, the bank’s digital asset trading and investments head Niccolò Bardoscia said in an internal email that was posted on online forum…
Source: Live Mint (Bloomberg) — Gary Gensler, the outgoing chair of the Securities and Exchange Commission, believes there’s more still to be done in regulating altcoins and intermediaries in the digital assets market. Everyday investors still don’t receive adequate disclosures or information from digital asset firms, Gensler said Wednesday during an interview on Bloomberg Television. …
Source: Live Mint The world’s biggest cryptocurrency Bitcoin, saw its record-breaking run slow a bit at 2024-end and into the New Year 2025 — leading to the token’s first monthly drop since August 2024, according to a Bloomberg report. Bitcoin slipped 3.2 per cent in December as investors began cashing profits following the sustained rally…
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…
