President-elect Donald Trump promised his supporters and countrymen that he will act at historic speed to fix every single crisis facing the United States, on the eve of his inauguration. Trump told his supporters at the Capitol One Arena, which was full to its capacity of 20,000 for a 'Make America Great' victory celebration, that he will act with "historic speed and strength" and fix "every single crisis facing our country." He also outlined some of his plans for his first day in office, including halting the "invasion" of the US border and restoring border security measures, which he said will be the most "aggressive, sweeping efforts to restore our borders the world has ever seen."
If investing in Bitcoin, adopt a three to five-year horizon and invest systematically to gain from its volatility.
In a recent townhall meeting, creditors of WazirX pressed founder Nischal Shetty and the restructuring legal team for solutions, seeking representation on the committee of creditors (CoC) and expeditious restructuring within four months, and asked for clarity on redistribution of potential gains from future crypto market upswings.
Don't invest more than 5 per cent of your portfolio in bitcoin. The virtual currency's price has run up very fast and experts feel a correction may be around the corner.
Following the surge in demand, Bitcoin is being quoted on Indian exchanges at 25-28 per cent higher than the international price, reports Rajesh Bhayani.
Indian banks have started exploring opportunities in the space, including lending to crypto exchanges, and accepting bitcoins as collateral, among others.
Craig Wright identified himself as Satoshi Nakamato, the pseudonym he says he created when launching the currency in 2009.
"The government feels the industry needs some government oversight and can't be left unregulated. A panel of bureaucrats will soon submit their recommendations on the subject," said an official.
The cryptocurrency will fall in the RBI's domain.
The author meets the brains behind Unocoin, the first Indian Bitcoin exchange and merchant processor in India to have raised international funding.
User protection and a proposal for a licensing framework for companies seeking to operate in the cryptocurrency area will be part of an upcoming consultation paper on the sector, said a senior industry executive. Even as specific regulations around crypto are yet to take shape, companies are setting up baseline user protection processes, including a redressal mechanism, fraud detection, regular filing of suspicious transaction reports (STRs), among others.
Short-term capital gains tax of 30% is likely to be levied if bitcoin is held for less than three years and 20% if held for longer than 36 months.
Since trading in virtual currencies is not illegal, they traded in cash or through barter in some instances.
Amid concerns over misleading claims of huge returns on cryptocurrency investment, Prime Minister Narendra Modi on Saturday chaired a meeting on the way forward on the issue, with government sources asserting that such unregulated markets cannot be allowed to become avenues for "money laundering and terror financing".
Cryptocurrency exchanges face issues with their current bank accounts.
A single security lapse could lead to complete wipe out of your crypto assets in seconds, with no recovery in sight, warns Nikhil Sethi.
Maharashtra Deputy Chief Minister Ajit Pawar and Rashtriya Swayamsevak Sangh chief Mohan Bhagwat were among the early voters to exercise their franchise as polling was underway on Wednesday for the state assembly elections.
Since the last nine years, gold investors have made money each year, while gains in silver have been consistent only in the last five years.
Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
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The world's first publicly accessible ATM machine which can exchange digital currency - bitcoins - for any official currency has been launched in Canada by a group of young entrepreneurs.
Regularly monitor your account for any suspicious activity. Keep your devices updated with the latest security patches to prevent vulnerabilities. Ensure the physical wallet you use is stored securely to avoid loss or theft.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
Based on the holding period, the profit you make is liable to short-term or long-term capital gains tax, experts tell Tinesh Bhasin.
Even before the first votes are counted in Maharashtra, fissures have emerged within the ruling Mahayuti and the opposition Maha Vikas Aghadi (MVA) on who will head the next government. Both camps are claiming the chief minister's post, with constituents in both camps laying claim over the chief minister's post. The MVA, consisting of the Congress, Shiv Sena (UBT) and NCP (SP), and the Mahayuti, comprising the BJP, Shiv Sena and NCP, have expressed confidence that their respective alliance will form the next government after votes are counted on Saturday. While a majority of exit polls have predicted that Mahayuti will retain power, a few have favored the MVA.
Maharashtra recorded a voter turnout of 58.22 per cent till 5 pm on Wednesday in the elections to the 288-member state legislative assembly, with Gadchiroli district logging more than 69 per cent voting, poll officials said.
Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.
The RBI has been repeatedly cautioning everyone about the usage of cryptocurrencies, flagging a slew of concerns.
Central bank raises red flag, warns of potential risk
Crypto currency platform WazirX, a cyber-attack on July 19 this year in which nearly 40 lakh Indians have suffered a loss of to a tune of $230 million or Rs 19.12 billion, has moved the Singapore high court seeking a moratorium in any legal action against it and for legal protection.
Income tax department sends out notices to cryptocurrency investors on suspicion of tax evasion.
While RBI is yet to come out with a clear regulatory framework for bitcoins, which have been gaining currency across the world over the past few months, it has issued an advisory cautioning general public against use of bitcoins and other virtual currencies.
While Bitcoin is giving sleepless nights to the regulators, it is only going to get bigger in India where the interest for the currency is on a rise.
Charges were filed against against underground bitcoin exchanger Robert Faiella, 52, and chief executive officer and compliance officer of a bitcoin exchange company Charlie Shrem, 24.
Bitcoin currently trades at a price of $400 a unit, as against lofty highs of $1,200 early this year
The trigger for the action is understood to be the huge spike being registered in the value of bitcoins and other virtual currencies in the recent past.
India has over 19 million cryptocurrency investors out of which nearly nine per cent are women, data from a report by cryptocurrency exchange platform CoinSwitch showed. Nearly 75 per cent of cryptocurrency investors belong to a young demographic, with ages spanning from 18 to 35 years, the report noted. This represents a significant interest in crypto among young users.
The businessman was summoned at the ED's office and was asked questions about the purported links of the alleged main accused of the case Amit Bhardwaj with his businesses.
RBI Governor Shaktikanta Das on Thursday said the central bank does not "emulate" others when it comes to regulations and asserted that the bank's as well as his own opposition to cryptocurrencies remain unchanged, a day after US regulators allowed bitcoin Exchange Traded Funds (ETFs). He also said that emerging markets and the world cannot afford to have a "crypto mania". "What is good for another market need not be good for us.
Here's the father of the world's first digital currency.
Limit your investment in cryptocurrencies and make sure you have current holdings in your own custody until regulatory cloud blows over, experts tell Sanjay Kumar Singh.
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