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Breaking cryptocurrency news, price moves, and deep analysis — from Bitcoin and altcoins to regulation and adoption. Crypto India Magazine covers the global crypto economy.
The review also coincides with the introduction of new tax policies targeting undisclosed crypto gains. Starting February 1, 2025, profits from crypto investments will be taxed under Section 158B of the Income Tax Act, typically reserved for assets like money, jewelry, and bullion.
Finance Minister Nirmala Sitharaman proposed an amendment to the Income Tax Act. The amendment would require a designated reporting entity to disclose transaction details related to virtual digital assets (VDAs).
Bitpanda announced it had secured its license from Germany’s Federal Financial Supervisory Authority (BaFin), while OKX and Crypto.com gained accreditation in Malta.
With this registration, Alchemy Pay can partner with local payment facilitators, delivering cost-effective crypto exchange services tailored to Australian users.
Stablecoins, crucial for liquidity in the crypto economy, have become a cornerstone of activity on Solana, enabling seamless trading in rapidly growing sectors like memecoins and decentralized finance (DeFi).
The move is seen as a strategy to reduce the company’s debt burden while encouraging noteholders to convert their holdings into equity. Noteholders have until February 24 to either redeem their securities at face value or opt for the conversion.
During an interview at the World Economic Forum in Davos, BlackRock CEO Larry Fink recently shared his views on Bitcoin’s…
The charges follow "Operation Token Mirrors," an FBI-led sting operation launched in October 2023 to identify fraudulent activities in the crypto industry.
This development follows a December 2024 agreement with the IMF, where El Salvador pledged to curb its Bitcoin policies in exchange for a $1.4 billion loan.
International collaboration played a crucial role in identifying the perpetrators. A joint statement issued on January 14 by the United States, South Korea, and Japan attributed the heist to North Korean hackers associated with the Democratic People’s Republic of Korea (DPRK).
As the market attracts more investors, hardware crypto wallets have become essential for cryptocurrency holders.
JioCoin currently functions as a reward mechanism for users browsing via JioSphere. Kashif Raza, CEO of Bitinning, speculated that JioCoin could play a broader role in Jio’s extensive ecosystem, possibly allowing users to redeem tokens for services like mobile recharges or purchases at Reliance outlets.
The Crypto Tower will feature over 150,000 square feet of leasable space, including nine floors of offices tailored for crypto startups and established enterprises.
Ben El-Baz, Managing Director of HashKey Global, emphasized Bitcoin's decentralized, inflation-resistant nature as a challenge to traditional assets like gold and U.S. Treasury bonds.
The block came to light after Alex Zuo, vice president of investments and custody at Cobo, shared a screenshot of the GRA’s notice on social media.
Public feedback on the policy is invited until Jan. 24, after which it may pave the way for Kenya to join other African nations like South Africa and Nigeria in implementing crypto regulations.
The Department of Justice (DOJ) has already begun transferring portions of the cache, moving nearly $2 billion worth of Bitcoin to Coinbase on December 3, under a custody arrangement with Coinbase Prime through the U.S. Marshals Service.
According to CoinGecko, CumRocket’s price spiked from $0.004 to $0.02 before stabilizing at approximately $0.008, marking a 95% gain over the past 24 hours.
The decision, announced on Wednesday, provides centralized exchanges and brokers more time to adapt to the regulations while offering temporary relief to digital asset investors concerned about potential tax increases.
This decline coincides with the delisting of USDT by several European Union-based exchanges and Coinbase. The decision was driven by compliance requirements under the EU’s Markets in Crypto-Assets (MiCA) regulations, which took full effect on December 30.
According to blockchain security firm CertiK, December saw $28.6 million in losses from exploits, hacks, and scams—less than half of November’s $63.8 million and significantly below October’s $115.8 million.
The regulations require brokers to disclose gross proceeds from cryptocurrency and other digital asset transactions, along with details about the taxpayers involved.
The ISA’s decision comes nearly a year after the U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs), sparking a surge in global interest in Bitcoin-based investments.
The inclusion in the Nasdaq-100 was widely praised by Bitcoin proponents, with analysts pointing to the potential impact on trading volume and price.
