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Last week, I made an analysis of the bitcoin price situation. My analysis noted that while the rumors of Wall Street price manipulation was most likely false, the fear was real. Despite that, the price did not break under $10,000. Because my inclination towards bitcoin is bullish (based on the the positive sentiment around the … Read more
India’s Finance Minister, Arun Jaitley, has confirmed that the country’s government will not recognize cryptocurrencies as legal tender, adding that authorities will seek to ramp up efforts to “eliminate” the use of virtual currencies in illicit transactions. Mr. Jaitley’s comments have been misconstrued and embellished throughout the mainstream media, with numerous reports proclaiming that India’s … Read more
January has been a dire month for those who joined the rollercoaster on the way up to Dec. 17’s highs. Its downfall has partly been down to a lot of fake news though. #ANALYSIS Go to Source Powered by WPeMatico
Social media and mainstream news is being flooded with unfounded warnings that Bitcoin will be banned in India, following the finance minister’s regulatory comments this morning #NEWS Go to Source Powered by WPeMatico
Under mounting pressure to make decisions and take steps to clarify cryptocurrency matters, the Indian government may soon shed some light on one of many unclear aspects – taxation. Local media have turned the spotlight on Budget 2018, but lots of titles end with question marks. The new financial frame is to be presented next … Read more
Benebit, one of this year’s most hyped ICOs, has pulled an exit scam, making off with a reported $2.7 million of investor funds. Other estimates put the figure as high as $4 million. The fraud only came to light after someone noticed that the team photos had been stolen from a school website. Once the … Read more
A Blockchain governance stack called ‘Velugu’ is set to become reality in the Indian state of Andhra Pradesh. #NEWS Go to Source Powered by WPeMatico
The Indian tax authority has sent notices to cryptocurrency investors after discovering that some crypto investments are not reflected on tax returns. The government conducted a survey of crypto trading at the country’s 9 exchanges and found that more than $3.5 billion worth of transactions were traded over a 17-month period. Also read: Despite Multiple Government … Read more
Bitcoin exchanges are under fire in India, as many of the nations top banks have suspended or greatly curtailed functionality on exchange accounts. #NEWS Go to Source Powered by WPeMatico
Despite repeated government warnings against crypto investing, a sizable majority of Indians feel optimistic about the future of cryptocurrencies. Just as many Indians, as Americans, 7%, admit they own bitcoin or an altcoin, according to a survey that covered 6 countries, including major markets. Indians are more optimistic, however – 68% believe that most people will … Read more
