Indian crypto holders face 70% tax penalty on undisclosed gains

Soramitsu CEO Makoto Takemiya described blockchain companies as the “barbarians at the gate,” storming the World Economic Forum 2022. On the second day of Global Blockchain Business Council's (GBBC) Blockchain Central Davos 2022, Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr moderated a panel discussion focusing on the direction that the financial industry is going. Panelists included the co-founder…

Twitter founder Jack Dorsey said that he hopes private firms will understand the value of a stateless currency during an interview with technology news outlet Quartz published on June 14.Quartz reported that during the interview — which took place in the headquarters of his bitcoin (BTC)-supporting payments platform Square in London — Dorsey noted:“I would…

BTC price weakness fails to resolve the day after FOMC with Bitcoin liquidity grabs still the main talking point for traders.

The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC. 2945 Total views 19 Total shares The government of Bahrain, the third-richest Arab country, is working with American investment bank JPMorgan Chase on a digital currency settlement pilot.The Central Bank of Bahrain officially announced…

NFTs would enable artists to create new ways to build relationships with and monetize their audience, says Jordan Birnholtz. 129 Total views 2 Total shares In a new twist for nonfungible tokens (NFTs), Solana-based NFT marketplace Neon deployed an NFT ATM in the financial district of New York, giving people a very familiar way to…

Technical analysis is a controversial topic, but higher lows are commonly interpreted as a sign of strength. Today, Ether (ETH) might be 30% below its May 12 high at $4,380, but the current $3,050 price is 78% higher than the 6-month low at $1,700. To understand whether this is a "glass half full" situation, one…

The Bank of Thailand launched a project to pilot test its CBDC payment system with the largest building material provider in the country. 2624 Total views 73 Total shares The Bank of Thailand announced that it plans to develop a prototype to test real-life business use cases of its central bank digital currency (CBDC).The bank…

Brian Armstrong says regulators would be "up in arms" with Monero listed on Coinbase, even as Binance and Kraken offer support for the token. 1858 Total views 21 Total shares Brian Armstrong says Coinbase won’t be listing privacy coins like Monero (XMR) as they’re still untested grounds for regulators in the United States.In a July…

Could Bitcoin's blockchain handle full mainstream adoption? 738 Total views 6 Total shares Can Bitcoin’s (BTC) blockchain handle full mainstream adoption as a store of value, without needing layer-two scaling solutions? Konstantin Richter, founder and CEO of blockchain infrastructure company Blockdaemon, seems to think so.“Bitcoin is the best cryptocurrency suited for store of value,” Richter told…