Indian Government rakes in over $12 Million in crypto taxes
The Central Board of Direct Taxes (CBDT) in India has amassed over 100 crore INR ($12 million) from a one percent tax on cryptocurrency transactions this financial year. The Indian government initiated this one percent direct tax on all crypto transactions beginning from July 1, 2022. In a conversation with ANI, the chairman of the […]
Binance CEO Changpeng Zhao and executives face potential legal trouble in Brazil
The CEO of Binance, Changpeng Zhao, along with three other executives, may soon face legal action in Brazil. A congressional committee in the country has recommended that local law enforcement pursue action against them after an investigation into financial pyramid schemes. The committee’s recommendation is based on a detailed 508-page report on pyramid schemes. While […]
Hamas acquires $41 Million in cryptocurrency before attack n Israel
Recent investigations reveal that Hamas, along with other militant groups, obtained millions in cryptocurrency funding ahead of their attack on Israel. Blockchain analytics and Israeli government seizure orders suggest that groups like Palestinian Islamic Jihad (PIJ) and Hezbollah amassed significant crypto funding. The Wall Street Journal found that from August 2021 to June 2023, PIJ-associated […]
Dogecoin dips below $0.06 mark, traders eye short positions
Dogecoin’s (DOGE) value has taken a hit, slipping beneath the $0.06 threshold on Monday, October 9, offering traders the opportunity to consider short positions. The sharp sell-off on October 9 led to a breach in a demand zone that dated back to June. This trend indicates that the bulls are fatigued, which doesn’t spell good […]
Arthur Hayes foresees Bitcoin hitting $750K-$1M by 2026 amid economic woes”
Bitcoin (BTC) could see its value soar between $750,000 and $1 million by 2026, according to BitMEX founder Arthur Hayes. In a recent appearance on Impact Theory with Tom Bilyeu, Hayes outlined his reasons behind this bold prediction. Hayes believes that the U.S government’s pattern of intervening in every economic crisis with a bailout is […]
TV financial guru Jim Cramer predicts “Mr. Bitcoin is about to go down big.”
TV personality and financial advisor, Jim Cramer, predicts a significant downturn in Bitcoin’s future, according to a recent statement. On Tuesday with CNBC, Cramer expressed his bearish stance on the cryptocurrency during an episode of CNBC’s “Squawk on the Street”. He stated, “I can’t be in something where Mr. Bitcoin is about to go down […]
Israel’s Police Collaborates with Binance to Freeze Hamas-Linked Cryptocurrency Accounts
🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ Market Update: Crypto Prices React to Middle East Turmoil 2️⃣Israel’s Police Collaborates with Binance to Freeze Hamas-Linked Cryptocurrency Accounts 3️⃣ Zimbabwe Launches […]
Bitcoin stays resilient as crypto market faces $100M liquidations amid Altcoin dip
The cryptocurrency market is witnessing a significant slide with bulls losing over $100 million in futures positions. The ongoing Hamas-Israel conflict and a substantial ether (ETH) sale by the Ethereum Foundation have impacted the wider crypto markets. Bitcoin (BTC) has shown signs of stability compared to other tokens, losing only 1% in the past 24 […]
Hong Kong Binance users fall victim to $450K phishing scam reported by Hong Kong Police
Several users of Binance in Hong Kong have been scammed out of approximately $450,000 due to a string of fraudulent text messages, according to a warning issued by the Hong Kong police. A total of 11 Hong Kong-based Binance customers fell prey to a spate of phishing scams disseminated via text messages. The fraudsters were […]
XRP takes a hit by 3.2% drop amidst bearish market conditions
The cryptocurrency XRP took a 3.2% hit as bearish momentum continues to exert pressure on the market. The dip comes despite a surge in active addresses on October 8. Ripple [XRP] has been on a downward trajectory, despite positive news over the weekend. The price is retreating towards a crucial level at $0.505. The report, […]