A local media report has confirmed that major cryptocurrency service providers are under investigation in India on suspicion of possible tax evasion. The development follows earlier reports of indirect tax evasion by the company that manages one of the largest crypto exchanges in the country, WazirX. Following which, official sources have confirmed to ANI thatContinue reading “India: Dull New Year for crypto as platforms to face raids over alleged tax evasion”

Today, Whale Alert has indicated several large XRP transactions as the crypto token remains under $1. At the time of writing, XRP maintained a 24-hour range of $0.83 and $0.86 on CoinGecko.  Over 300 million XRP on the move With that being said, one of the major transfers was 177,149,680 XRP tokens worth around $149,186,279Continue reading “XRP whales move several million worth of the token as it struggles near $1”

Amid Binance’s global expansion plans, the exchange is ready for full ownership of Swipe by acquiring its outstanding shares. Let’s recall that Binance had acquired a majority stake in the leading cryptocurrency Visa card issuing platform in July 2020. The exchange noted in an announcement that the purchase aimed to increase mainstream adoption of cryptocurrencies.Continue reading “Amid regulatory woes, Binance buys Swipe for crypto card integration”

As investors bid farewell to 2021, the global crypto market cap increased by 2.44% over the last 24 hours. While many can’t get over the bearish sentiment, economist and crypto trader Alex Kruger ‘expects a strong crypto up market in early January driven by fund inflows.’ Warm January He recently took to Twitter to analyzeContinue reading “Here is January’s prediction for Bitcoin; investors should ready themselves for ‘New Year’”

It looks like India’s decision to remove the crypto bill from the 2021 Parliamentary agenda is negatively affecting new signups. In this context, it should be noted that investor registrations on crypto platforms were reportedly growing at a 10% month-on-month rate up until November. However, the deferment of the bill to next year has ledContinue reading “Report: India’s decision to defer the crypto bill is affecting crypto user signups”

Since the beginning of 2021, Bitcoin has been representative of the entire crypto market for many investors. It wouldn’t be wrong to say that was true up until May, as the BTC Dominance Ratio reached a record low of 40% during that month. While it maintained a level between 40-50% in H2 2021, it touchedContinue reading “Dwindling dominance or resilience, what will tip the scales for Bitcoin in 2022”

The past year has had people talking about crypto like never before. Earlier this year, Cathie Wood, CEO of Ark Invest redefined her company’s portfolio by exploring Bitcoin and Ethereum in a 60-40 split. However, not everyone wants to stick to that formula. In a recent interview, Reddit co-founder Alexis Ohanian opined that the technologyContinue reading “Here’s the guide to how Bitcoin will shape investors’ portfolios next year”

Steven Cooper, CEO of Bigger Entertainment, tweeted earlier today that his team has burned another 2.5 million SHIB tokens. The development follows his earlier announcement of a live burn party that took place on 26 December. Meanwhile, he added that 1.5 million SHIB will also be moved out of circulation. Therefore, it is estimated thatContinue reading “Burning of SHIB tokens continues as more platforms embrace the volatile meme coin”

Katie Stockton of Fairlead Strategies recently noted that the long-term outlook for Bitcoin remains positive, despite the recent volatile moves. We need to note that Bitcoin fell over 16% in the last month, circling back below the $50,000 support level on 28 December. A level that the token had only shortly breached on December 27Continue reading “Exec maintains a positive long-term outlook for Bitcoin, despite recent dip”

Economist and crypto commentator Tasha Che recently stated in a Twitter thread that things are quickly changing for layer 1 chains as the space gets competitive. She said, “The truth is whatever Ethereum wants to be in future— sharding, security layer for L2s etc. — newer chains are already delivering similar in more elegant ways…”Continue reading “Here’s how Ethereum is placed against Binance Smart Chain, Terra, Solana in 2022”

The Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi was speaking at a press conference recently when he barred domestic mutual funds from making crypto-based investments. According to local media reports, he asked the funds to wait for government legislation before it can be allowed for investors. This will essentially mean that mutualContinue reading “India: SEBI Chairman bars crypto-based NFOs for want of regulatory clarity”

Two crypto platforms have reportedly spent millions for an ad slot for the 2022 Super Bowl. As crypto interest skyrockets among investors, media reports confirm the competition in the space. While Crypto.com has purchased a Super Bowl ad from NBC, FTX has done the same, for the 13 February broadcast. If media figures are toContinue reading “Crypto.com, FTX reportedly spend millions for Super Bowl ad slot”