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RBI-Backed Digital Currency to Be Launched in India, Union Minister Piyush Goyal Says
The country will launch an RBI-backed digital currency to discourage unbacked cryptocurrencies. Union Minister Piyush Goyal said heavy taxation will deter risky tokens, while the new digital rupee enables faster, traceable payments. Experts see the move as a shift from a "tax-and-tolerate" approach to stricter oversight, favouring compliance-aligne...
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Opinion | Why Pakistan's New 'Crypto' Obsession Could Turn Dangerous
By embracing digital currency without resolving its foundational vulnerabilities in both its energy infrastructure and financial governance, Pakistan may not be catalysing a revolution, but rather courting a crisis.
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Bitcoin Blasts $100K Barrier Amid Trump's Vow To Make US "Crypto Capital"
With president-elect Donald Trump promising to make the US "the crypto capital of the planet", Bitcoin price is up more than 130 per cent so far this year.
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Bitcoin’s Push Toward $100,000 Runs Into a Wall of Resistance
Bitcoin's unstoppable surge towards a record price of $100,000 appears to be waning. With Bitcoin's price levelling off, attention is shifting to other digital currencies like Ether and XRP, which have not kept pace with Bitcoin's historic rise following President-elect Donald Trump's victory.
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Russia Approves Tax Bill on Cryptocurrency Transactions Amid BTC Boom: Details
Recently, the Federation Council, the Upper House of the Russian Parliament, approved a new bill that outlines the taxation framework for cryptocurrencies. This bill classifies virtual digital currencies as property.
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Hong Kong’s Largest Digital Bank ZA Now Offers Direct Crypto Trading Services for Retail Users
Hong Kong's ZA Bank now enables users to buy and sell Bitcoin and Ether directly using fiat currencies, HKD and USD. This service aims to simplify crypto access for retail users—those trading for personal gains—while offering benefits like zero commission for a limited time.
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Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
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Bitcoin, Ether Prices Drop Under Macroeconomic Pressure as Values of Most Digital Currencies Fall
The overall valuation of the crypto market has tumbled by 4.63 percent in the last 24 hours. As of Monday, July 8, Bitcoin and Ether joined most altcoins on the loss-making side of the crypto charts. Solana, Avalanche, and Cardano have also recorded price dips alongside BTC and ETH.
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UK Considering Digital Version of Pound ‘Britcoin’, Won’t Fluctuate in Value Like Crypto
UK authorities are considering a digital version of the Pound that would be backed by the Bank of England and retain its value over-time, unlike the fluctuating value of cryptocurrency. The ‘Britcoin’ would be central bank digital currency (CBDC) and would be held in a digital wallet. The digital currency could be used to pay for goods and serv...
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Binance Moved $346 Million for Seized Bitzlato Crypto Exchange, Blockchain Data Shows
Binance, the world's largest crypto exchange, processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, according to blockchain data. The firm was among Bitzlato's top three counterparties by the amount of bitcoin received between May 2018 and September 2022, the US Treasury's Financial Crimes Enforcement Network (FinCEN)...
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RBI-Backed Digital Currency to Be Launched in India, Union Minister Piyush Goyal Says
The country will launch an RBI-backed digital currency to discourage unbacked cryptocurrencies. Union Minister Piyush Goyal said heavy taxation will deter risky tokens, while the new digital rupee enables faster, traceable payments. Experts see the move as a shift from a "tax-and-tolerate" approach to stricter oversight, favouring compliance-aligne...
-
Opinion | Why Pakistan's New 'Crypto' Obsession Could Turn Dangerous
By embracing digital currency without resolving its foundational vulnerabilities in both its energy infrastructure and financial governance, Pakistan may not be catalysing a revolution, but rather courting a crisis.
-
Bitcoin Blasts $100K Barrier Amid Trump's Vow To Make US "Crypto Capital"
With president-elect Donald Trump promising to make the US "the crypto capital of the planet", Bitcoin price is up more than 130 per cent so far this year.
-
Bitcoin’s Push Toward $100,000 Runs Into a Wall of Resistance
Bitcoin's unstoppable surge towards a record price of $100,000 appears to be waning. With Bitcoin's price levelling off, attention is shifting to other digital currencies like Ether and XRP, which have not kept pace with Bitcoin's historic rise following President-elect Donald Trump's victory.
-
Russia Approves Tax Bill on Cryptocurrency Transactions Amid BTC Boom: Details
Recently, the Federation Council, the Upper House of the Russian Parliament, approved a new bill that outlines the taxation framework for cryptocurrencies. This bill classifies virtual digital currencies as property.
-
Hong Kong’s Largest Digital Bank ZA Now Offers Direct Crypto Trading Services for Retail Users
Hong Kong's ZA Bank now enables users to buy and sell Bitcoin and Ether directly using fiat currencies, HKD and USD. This service aims to simplify crypto access for retail users—those trading for personal gains—while offering benefits like zero commission for a limited time.
-
Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
-
Bitcoin, Ether Prices Drop Under Macroeconomic Pressure as Values of Most Digital Currencies Fall
The overall valuation of the crypto market has tumbled by 4.63 percent in the last 24 hours. As of Monday, July 8, Bitcoin and Ether joined most altcoins on the loss-making side of the crypto charts. Solana, Avalanche, and Cardano have also recorded price dips alongside BTC and ETH.
-
UK Considering Digital Version of Pound ‘Britcoin’, Won’t Fluctuate in Value Like Crypto
UK authorities are considering a digital version of the Pound that would be backed by the Bank of England and retain its value over-time, unlike the fluctuating value of cryptocurrency. The ‘Britcoin’ would be central bank digital currency (CBDC) and would be held in a digital wallet. The digital currency could be used to pay for goods and serv...
-
Binance Moved $346 Million for Seized Bitzlato Crypto Exchange, Blockchain Data Shows
Binance, the world's largest crypto exchange, processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, according to blockchain data. The firm was among Bitzlato's top three counterparties by the amount of bitcoin received between May 2018 and September 2022, the US Treasury's Financial Crimes Enforcement Network (FinCEN)...
