India Plans To Impose 18% Tax On Bitcoin Transactions
Cryptocurrency traders and investors in India may soon be obligated to pay 18% tax from their crypto transactions and investment, according to the Times of India. In a bid to increase its revenue generation, the Indian government wants to impose the
Binance Announces SegWit Support For Bitcoin Deposits
Leading cryptocurrency exchange Binance has announced that it has enabled Bitcoin deposits on the Native Segregated Witness addresses (SegWit). Initially, the support for SegWit was only for withdrawals, but traders and investors can now make both deposits and withdrawals via
Grayscale Increases Its Bitcoin and Ethereum Holdings
Learn About Crypto The biggest cryptocurrency asset management company Grayscale has accumulated more Ethereum as institutional clients increase their interests in the industry. Apart from the accumulation of Etherem, the company also gathered 14,000 Bitcoin within the same period. Any entity in
Crypto Index Fund Now Offered On US OTC Market
A leading crypto fund manager Bitwise Asset Management announced that its Crypto Index Fund shares will be available for trading for American investors from today. The fund manager started with $120 Million in assets under management. For the first time, there
Bitcoin Becoming Leading Investment Hedge
It's no shocker that right now the state of our economy is questionable at best. A volatile stock market, record jobless claims and a seemingly unending pandemic have been major concerns for almost everybody this year. All of this worsened
Valour Lists 2 Bitcoin ETPs
On December 8, Swiss firm Valour will list two Bitcoin ETPs on Nordic Growth Market, according to a recent report. One ETP will be quoted on EUR while the other will be on SEK. With the two listings about to
New Visa Credit Card Rewards Users With Bitcoin
BlockFi has filed for bankruptcy - DO NOT INVEST IN BLOCKFI Visa recently unveiled its new program for a card that will reward its users' cash-back in the form of Bitcoin, instead of actual cash or miles. This will be the
CME Becomes Largest Bitcoin Futures Market
Buoyed by rising institutional demand, the Chicago Mercantile Exchange (CME Group) has become the largest Bitcoin futures market. The exchange started offering Bitcoin futures products three years ago. However, since its launch, crypto derivatives demand has risen tremendously. Last month,
Will Bitcoin Reach Its Previous Highs By Year End?
It is clear that Bitcoin has been on a bullish uptrend for the past year and its value has risen nearly 5x since March. This had led many traditional investors to wonder if now is the time to hop in
Grayscale Hits $10 Billion in Assets Under Management
According to a recent post, cryptocurrency hedge fund Grayscale Investment now holds Bitcoin worth about $10 Billion. The report reveals that the major hedge fund has more than 500,000 Bitcoin in its fund. This is little surprise for anyone in the