Blockchain & crypto news from India
On Wednesday, crypto tax compliance and portfolio tracking platform CoinTracker announced its entry into India. The firm’s stance also comes against the backdrop of the government ordering 30% taxation on such transactions with effect from April 1. While announcing the launch of its product in the nation, the company said that beginning today, the cryptocurrency…
If all goes well today, the SpaceX rocket will inject a “crypto-satellite” into low Earth orbit, paving the way for secured blockchain-related cryptography in space. Cryptosat is the company that developed “Crypto1”, a crypto-satellite module hitching a ride abroad a Falcon 9 rocket for SpaceX’s Transporter 5 mission. Moreover, blockchain satellite technology has already been…
As per the announcement, the well-known NFT commercial center OpenSea has sent off another Web 3.0 gathering called Seaport to trade NFTs. This commercial center convention would make it simpler and more frequent for customers to trade NFTs. In addition, the new Seaport convention enables customers to acquire NFTs in several ways. Purchasers using Seaport may…
A court in Singapore has declared a pointed injunction refraining from the sale of a Bored Ape nonfungible token, in one of the first cases of its kind that could have broad ramifications for digital assets. The NFT, from the famed Bored Ape Yacht Club series, shouldn’t be traded pending the resolution of an ownership…
Meta, social media giant Facebook’s parent company, is hinting to launch a payments platform with support for crypto. As per records, Meta filed 5 applications for its namesake to be utilized in a platform named Meta Pay. The filings included Meta’s name for use in an ‘online social networking service for investors enabling financial exchange…
The German Ministry of Finance in coordination with the highest financial authorities of the federal states decided whether the tax-free holding period for cryptocurrency staking and lending should be a minimum of a decade. On May 11, the Ministry of Finance declared that it has published a letter on the income taxation of the crypto…
According to a top executive, Bitmex, one of the top crypto exchanges in the world is launching spot trading in India on Tuesday, despite the uncertainty in the cryptocurrency market and an adverse regulatory environment. The spot exchange will enable Indian users to convert, purchase, withdraw and deposit multiple cryptos instantly. According to the vice…
Mobile gaming and sports media emerging platform Nazara Technologies, supported by veteran investor Rakesh Jhunjhunwala, plans a foray into the Web3 space using its freemium gaming business. Web3 is the subsequent version of the internet, which will be decentralized and run on the blockchain. On May 16, Nazara Technologies chief executive Manish Agarwal said the…
Xi Jinping, president of China has declared that his nation requires to ‘seize the opportunities presented by blockchain technology.’ The Chinese leader, in a speech in 2019, said blockchain was a ‘significant breakthrough in independent innovation of core technologies.’ As an outcome of that speech, blockchain was hoisted as a national priority for China, among…
The luxurious airline company of the United Arab Emirates (UAE) – Emirates Airlines, has declared that it will soon enable Bitcoin as a viable payment option. The airline plans to utilize innovative digital technologies like metaverse, blockchain, and cryptocurrencies as a part of its intention to connect with customers. The airline’s COO noted the multiple applications…