India Proposes 30% Tax on Crypto Income — Finance Minister Cites 'Phenomenal Increase' in Crypto Transactions

India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions

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... Read more »
New data shows how Solana transactions compare against Ethereum

New data shows how Solana transactions compare against Ethereum

Solana network has become one of the viable alternatives to Ethereum in recent months. Like all other blockchain networks described as Ethereum killers, Solana claims to have the solution. Any network with... Read more »
Business Advisory Firm Expects Criminal Cryptocurrency Transactions to Fall by 30% by 2024

Business Advisory Firm Expects Criminal Cryptocurrency Transactions to Fall by 30% by 2024

Gartner, an advisory firm, has predicted that criminal cryptocurrency transactions or transfers will fall by 30% by 2024. The firm says factors such as the transparency of the blockchain, as well as... Read more »
Indian Government Answers Questions on Bitcoin Transactions, Karnataka Scam, Legality of Crypto Trading

Indian Government Answers Questions on Bitcoin Transactions, Karnataka Scam, Legality of Crypto Trading

The Indian government has answered three sets of questions in parliament regarding bitcoin transactions, the high-profile bitcoin scam in Karnataka, and the legality of cryptocurrency trading and crypto exchanges in India. Meanwhile,... Read more »
China's Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets

China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets

China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China... Read more »
Litecoin transactions near an all-time high after gaining ground in consumer finance

Litecoin transactions near an all-time high after gaining ground in consumer finance

The number of Litecoin (LTC) transactions has rebounded to over 140,000 in recent days after falling close to the 100,000 mark in early October. Three days prior, the Litecoin Foundation tweeted about... Read more »