Bitcoin

Russia likely to legalize cryptocurrency: Report

Russian Finance Ministry & the Central Bank will either prepare a separate draft or will move joint amendment legislation to change the laws, claimed the report.

Ukrainian NGO’s raise Bitcoin funding to back their defence

Amidst a potential invasion into Ukraine by Russian troops there comes financial backing from Bitcoin and Crypto crowdfunding.

“There is no clarity of imposing GST on crypto,” says MP Sushil Modi in Rajya Sabha

According to a parliamentarian, virtual digital assets and cryptocurrency have been taxed at 30% in order "to discourage individuals from investing in cryptocurrency because it is very speculative and unpredictable."

Bitcoin, Ethereum, or NFT will never be legal tenders in India: Finance Secretary

TV Somanathan, Finance Secretary, warned against investing in crypto assets, stating, "there is no guarantee whether your investment will be successful or not."

El Salvador should scale back its campaign for Bitcoin: IMF

The advice came as part of the international lender's study on El Salvador's GDP.

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Government may ban private crypto currencies: Report

The government is said to impose a ban on private companies or entities in the space.

El Salvador to build world’s first ‘Bitcoin City’

The metropolis planned in La Union's eastern section would use geothermal energy generated by a volcano and would not collect any taxes other than the value added tax.

China terms cryptocurrency as “extremely harmful” for environment

Chinese authorities declare cryptocurrencies disturb the economic system and promote illicit asset transfers and money laundering. The officials accuse cryptocurrency miners of energy dissipation to fatal coal mining mishaps and a possible menace to the country’s attempts to decrease carbon emission.

Zimbabwe consulting with private sector to legalize cryptocurrency: Report

The Zimbabwean government has initiated talks with various businesses and will also hold discussions with citizens as part of its research before deciding upon making cryptocurrency a legal tender. 

Mastercard team’s up with crypto company Bakkt to provide crypto services

The decision could lead to notable development in the ways average Americans earn and spend bitcoin and other cryptocurrencies. Mastercard operates one of the dominant global payments networks and Visa and has links with more than 20,000 financial institutions worldwide.

US becomes the World’s largest Bitcoin miner following China’s cryptocurrency ban

Meanwhile, China’s share of the global hash rate fell from 44 percent recorded in April to nil due to curbs imposed on the trading of cryptocurrency beginning from May.

Bitcoin shoot up above $50,000 mark, first time in four weeks

The global crypto market cap increased more than 3 per cent to $2.22 trillion correlated to Tuesday. However, the total crypto market volume bounced around 4 per cent to $110.80 billion.