Finance Minister Nirmala Sitharaman on Monday said discussions with regard to central bank-backed digital currency have been going on with the Reserve Bank and a decision will be taken after due deliberations. Sitharaman in her Budget speech on February 1 had announced that Digital Rupee or Central Bank digital currency (CBDC) would be issued by…
Finance Minister Nirmala Sitharaman on Friday said the government has sovereign right to tax profit made from cryptocurrency transactions, and the decision on banning or not banning will be taken based on feedback from consultations. Replying to the general discussion on Union Budget, the minister said, “I am not going to legalise it or ban…
Binance Holdings Ltd., parent of the world’s largest cryptocurrency exchange, is making a strategic investment of $200 million into the more than 100 year-old news publisher Forbes. Patrick Hillmann, Binance’s chief communications officer, and Bill Chin, head of Binance Labs, its venture capital arm, will join the Forbes.board when the transaction closes. Forbes.agreed to go…
Cryptos don’t have any underlying value, not even a tulip: RBI Governor RBI Governor Shaktikanta Das on Thursday made it clear that private cryptocurrencies are a threat to macroeconomic and financial stability, and undermine its ability to deal with challenges on the two fronts. Cautioning investors, the governor said such assets have no underlying whatsoever,…
If you’re an entrepreneur, then you might eventually find yourself with an enormous check after you have sold your business or experiencing a major liquidity issue occur and then think: This is awesome but what can I do with this cash? As the successful, smart business owner you are, you’ll definitely decide to take responsibility…
If you are trying to increase your home value in order to sell it or increase your home’s equity, there are some terrific projects you can do to increase the value immediately. Other projects like solar panels increase the value of your home over a long time period. There are also some upgrades that you…
Powerful Congressman Pete Sessions has appointed Indian American Himanshu B Patel as his chief economic development and energy infrastructure advisor for his Crypto Technical Working Group. In a statement, Sessions said it is vital for the United States and India to take the lead globally on setting standards on innovative frontiers in areas of financial…
On Jan. 12, an image of a computer-generated pixelated person was sold for about $50.6 million worth of cryptocurrency on a new online marketplace that caters for non-fungible tokens. It gets stranger. Five minutes later, the same “Meebit” NFT – a virtual character clad in purple shorts and green sneakers – was sold back from…
India’s very own official digital currency is likely to debut by early 2023, which will mirror any of the currently available private company-operated electronic wallets, but with a change that it will be a sovereign-backed facility, a top government source said. Finance Minister Nirmala Sitharaman in her budget speech last week talked about launching a…
Bitcoin hit its highest in two weeks on Saturday, extending the previous session’s strong gains as cryptocurrencies basked in a recovery in risk appetite and a rally in stock markets. The world’s largest cryptocurrency hit $41,983, taking gains from Thursday’s lows to nearly 16%, and marking a 27% rise from the year’s low of $32,950.72…
