Bitcoin has fallen below $40,000 to start the weekend, as cryptocurrency markets extend recent losses. ETH was also lower on Saturday, falling to its lowest point this week in the process. Bitcoin BTC fell for its fourth consecutive session on Saturday, as the world’s largest cryptocurrency dropped below its long-term support level. The price of […]

Details have emerged about a now-patched high-severity vulnerability in the Linux kernel that could potentially be abused to escape a container in order to execute arbitrary commands on the container host. The shortcoming resides in a Linux kernel feature called control groups, also referred to as cgroups version 1 (v1), which allows processes to be organized into hierarchical groups, thereby

Recently, Alex Mashinsky, Co-founder, Chairman, and CEO of lending platform Celsius Network, shared some of his latest thoughts on Bitcoin.  During an interview on February 24 with Kitco News anchor David Lin, the Celsius CEO claimed that Bitcoin had found strong support around $30,000, as the price responded to the news of Russia invading Ukraine. He said […]

The Convex Finance cVX token crashed just recently after a bug forced a token to unlock on the platform and dragged the prices down so let’s find out more in today’s latest altcoin news. The smart contract bug forced a team to unlock a huge portion of the token and its circulating supply which sent […]

The number of Bitcoin millionaires, addresses with 1,000+ coins, has touched its highest level since April 2021. Glassnode’s on-chain data shows that 2,262 BTC addresses are now holding more than 1...

Aave is one of the nine projects selected to move forward in Brazil's digital innovation challenge.

Uniswap (UNI) price has continued its downward correction despite the February 28 price breakout when UNI recovered and reached the high of $10.55. The cryptocurrency price broke the 21-day moving average line, but failed to break the 50-day moving average line. The bears reacted to the recent rally with selling.

The debate of whether bitcoin is stealing gold’s market share as a store-of-value asset has been heating up in recent years. With bitcoin getting clobbered amid the crisis in Ukraine, investors are now questioning its safe-haven status.

The debate of whether bitcoin is stealing gold’s market share as a store-of-value asset has been heating up in recent years. With bitcoin getting clobbered amid the crisis in Ukraine, investors are now questioning its safe-haven status.

Financial services provider, PayPal today confirmed that it has suspended its services in Russia amid the invasion of Ukraine. Dan Schulman, President and Chief Executive Officer of PayPal, said th...

The Playtech saga took a new twist recently after Tom Hall, the former Chief Executive Officer of the company, accused Aristocrat Leisure, the Australian gambling firm, and its advisers of orchestr...

Nischal Shetty, founder and CEO of the popular Indian crypto exchange WazirX, has appealed to the government to re-examine the proposed crypto tax law to build a favorable crypto ecosystem in the country. Does India’s Crypto Tax Need More Work? In a recent Twitter thread posted today, the CEO of WazirX, Nischal Shetty has appealed to the Indian government on implementing favorable laws for the next generation of crypto enthusiasts who are building and contributing to the upcoming blockchain and cryptocurrency ecosystem. Shetty believes that the proposed crypto tax should be at par with India’s highest population between the ages of 18-25 who are into crypto but not under the taxable income bracket. Concerning the TDS, Nischal feels that a 1% slab will make it virtually impossible for day traders, or high-frequency traders as investors could get their entire capital locked in it if they trade for only a few hundred times. Government has also extra work of refunding all such TDS as well, according to him. The WazirX Boss further pointed out the latest tax rules could even encourage “brain drain” as the lack of clarity makes it difficult for law enforcement as well as entrepreneurs to function effectively. Day 32 India needs to implement favourable laws for Crypto entrepreneurs & investors We risk losing #BUIDL talent & future gains from Crypto Issues: 1) 30% income tax irrespective of income slab2) 1% TDS on every trade 3) No clarity for crypto entrepreneurs#BuildForCrypto — Nischal (Shardeum) ⚡️ (@NischalShetty) March 5, 2022 30% Crypto Tax Bracket Highest in the Country Earlier in February, Indian Finance Minister Nirmala Sitharaman announced a crypto tax proposal of 30% on gains made from crypto tradings from April 1. The proposal also includes a 1% tax deducted at source (TDS) by crypto exchanges on transactions above 10,000 Indian rupees ($133). Reportedly, the 30% crypto tax bracket is the highest in the country and nearly double the corporate tax rate of 16%. The announcement saw a mixed reaction from the Indian crypto community with some calling it a welcome step towards recognizing the unregulated crypto market, while others called it regressive.

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