US Becomes Largest Bitcoin Mining Centre After China Crackdown

The United States has overtaken China to account for the largest share of the world’s Bitcoin mining, data published on Wednesday by Britain’s Cambridge Centre for Alternative Finance showed. The figures demonstrate the impact of a crackdown on Bitcoin trading and mining launched by China’s State Council, or cabinet, in late May, which devastated the […]

Cryptocurrency Promoter Pleads Guilty to Advising North Korea Evade Sanctions

A prominent American cryptocurrency promoter and former hacker has pleaded guilty to advising North Korea on using virtual money to avoid international controls, a New York court said Monday. Virgil Griffith, who is based in Singapore, launched projects in 2018 to provide services to individuals in North Korea by developing and financing cryptocurrency structures, including […]

Cryptocurrency Investments Register 5th Straight Week of Inflows

Cryptocurrency investment products and funds saw inflows for a fifth consecutive week as market sentiment on the sector continued to improve, data from digital asset manager CoinShares showed on Monday. Cryptocurrency inflows amounted to $41.6 million (roughly Rs. 310 crores) for the week ended September 17, with Bitcoin getting the bulk of inflows at $15.3 million […]

Cryptocurrency: Over 60 Exchanges in South Korea to Suspend Services

More than 60 cryptocurrency exchanges in South Korea must notify customers of a partial or full suspension of trading by Friday midnight, a week before a new regulation comes into effect. To continue operating, exchanges must register with the Financial Intelligence Unit by September 24, providing a security certificate from the Internet security agency. They must […]

Cryptocurrency Mining, Trading to Face Crackdown in China’s Hebei

The cyberspace commission in China’s northern Hebei province said it will cooperate with other government departments to crack down on virtual currency mining and trading, the latest move in the country’s cryptocurrency crackdown. The province’s educational department, public security department, local financial regulatory bureau, and communications administration will also participate in the crackdown, the commission’s […]

Cryptocurrency Market Cap Touches Record $2 Trillion Led By Bitcoin: All You Need To Know

Bitcoin Vs Dollar Rate: The crypto market cap hitting $2 million was mostly led by bitcoin The cryptocurrency market capitalization achieved an all-time high peak of $2 trillion on Monday, April 5, as gains over the last few months attracted demand from both institutional as well as retail investors. According to data and market trackers […]

Budget 2021: Amend Income Tax, GST Laws To Accommodate Crypto Trading, Say Experts

Budget 2021: A proper recognition for cryptocurrency can accelerate its contribution to the GDP Budget 2021: Considering the ambiguity among investors pertaining to the tax applicability for the income earned from crypto trading, the upcoming budget should bring in amendments in the Income (I-T) Tax and GST laws to offer more clarity to investors, traders, and crypto organizations, stated Mr […]

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