Cryptocurrency Analysis and News Portal
An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling. He has also requested that the goods and services tax (GST) be imposed on the total transaction value of crypto. Indian
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eToro said total operating expenses included a non-cash charge of $63 million in stock-based compensation for eToro employees related to the merger with FTCV, which “largely” contributed to a net loss of $84 million in Q4. eToro posted an adjusted EBITDA loss of $24 million in Q4. Original Source
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While fiscal second quarter revenue of $164.8 million was shy of analyst estimates for $178.1 million, it more than doubled from the first quarter, and was up 4,400% from the previous year. Of that $164.8 million, $149 million was from the company’s historical crypto trading business, and $15.8 million from
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She's taking on anti-crypto pol Brad Sherman in her run for office as a Democrat in Los Angeles County. Original Source
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The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets … The magnitude and frequency of these transactions have made it imperative to provide for a specific tax
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Having made this declaration on the digitized rendition of the Indian rupee, India’s first Woman Finance Minister also offered the implementation of a thirty percent tax on crypto that focuses on the exchange and trade of virtual digital assets.On the 1st of February, Indian Finance Minister Nirmala Sitharaman announced the
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Indian Finance Minister Nirmala Sitharaman announced a 30% tax on any income from the transfer of virtual digital assets, a first for the nation.Additionally, she also said that the digital rupee will most likely be issued in the 2022-23, which is the first time the government has given a timeline
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Crypto-focussed Silvergate Bank's Q4 net income dipped nearly 9% to $21.4 million from $23.5 million in Q3.The bank's digital currency customers grew to 1,381 at the end of December from 1,305 at the end of September, according to an announcement on Tuesday.Average digital currency customer deposits also increased to $13.3
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Note, however, that NFTs and the underlying smart contract technology is still relatively new. As such, many of the applications providing the opportunities highlighted in this article are in their formative stage. In light of this, it is advisable to carry out due diligence and understand the risks involved before
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Decentralized finance technology allows you to raise revenue on the blockchain. So, no regulations and hassle of dealing with banks, brokerages, etc. Instead, the decentralized finance (DeFi) ecosystem entirely depends on blockchain smart contract dapps where you can directly deposit, withdraw and earn profits through yield farming without the involvement
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