India will start paying a capital gain tax of 30 percent on digital currency transactions in just a week after the Parliament passed a tax proposal on Friday that was highly controversial. This has sparked the uproar and discontentment among the crypto space of this country. Let us know a …
Read More »Biggest Crypto Theft: $600m Stolen From The Axie Infinity Hack
In what could be among the biggest crypto theft, hackers stole cryptocurrency worth $600 million from the blockchain called Rohin, which backs up the game Axie Infinity which is an NFT (non fungible token) based game. Biggest Crypto Theft: What Actually Happened? According to Motherboard, these hackers stole 173,600 Ethereum, …
Read More »El Salvador Is Ready For Their New Bitcoin City
El Salvador plans to construct the first Bitcoin City across the globe that is initially funded by the Bitcoin backed bonds as said by the El Salvador President Nayib Bukele on Saturday, doubling down on his bet to use the digital currency to navigate investment in the Central American Country. …
Read More »The Latest Found Monero Bug May Affect User’s Transaction Privacy
Formulators of a privacy coin XMR (Monero), found a Monero bug that can impact the transaction privacy of the users. On Monday, a warning came from the official Twitter account of Monero about a “rather significant bug” that has been found in the decoy selection algorithm of Monero, a system …
Read More »Important Reasons On Why The Value of Cosmos Rises
Over the last 24 hours, the value of Cosmos rises by 7.08% to $41.18. This prevails its positive shift over the last week, where it has gained a 6.0% profit, shifting from $39.39 to its present value. As it stands presently, the coin is at its all-time high of $44.42. …
Read More »Important Ways In Which The Crypto Solves Bank Failures
The blockchain technology has received immense attention over the last decade, driving beyond the appreciation of niche Bitcoin enthusiasts and into the hardcore conversation of investors and banking experts. Digital currency is transforming everything from payment to investment options. Crypto solve bank failures in a more majestic way now. Sen. …
Read More »PM Modi On Cryptocurrency: India May Arrive With New Law
Indian Prime Minister, Narendra Modi, on 13.11.2021 chaired an important meeting on the issues of digital currency. PM Modi on cryptocurrency and related issues held a meeting after the governor of RBI (Reserve Bank of India) Shaktikanta Das portrayed his concern on digital currencies, cautioning the investors on the potential …
Read More »Shiba Inu Surpasses Bitcoin With Great Margins In 2021
Meme coin Shiba Inu is no longer a joke. Shiba Inu surpasses Bitcoin and is the most viewed digital currency of 2021. This coin that is inspired by a dog meme and is termed as “Dogecoin killer” was viewed the most in this year as per reports. This coin even …
Read More »The Gold Industry Adopts Blockchain Now For Safer Operations
The gold sector is betting that the blockchain technology will help in keeping illicit bullion bars out of the international industry. For this reason, the gold industry adopts blockchain. The World Gold Council (WGC) and London Bullion Market Association (LBMA) are among the largest names in the gold industry worldwide. …
Read More »Secret Service Seized Crypto Of More Than $102M: Know Why
The Secret Service seized crypto of over $100 million in digital currency since 2015 in an attempt to crack down on illicit crypto transactions. David Smith of the Secret Service said in an interview that his department has been tracking the Bitcoin and other digital currency flow on the blockchain …
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