Topic: cryptocurrencies
RBI’s Systemic Risk Survey (SRS)
The Reserve Bank of India’s (RBI) latest Systemic Risk Survey (SRS) has shown that global spillovers, financial market and general risks have increased, while macroeconomic risks have moderated....
The Collapse of FTX Cryptocurrency Exchanges
The FTX – one of the world’s largest cryptocurrency exchanges – collapsed. Its founder, Sam Bankman-Fried’s fortune fell from nearly 16 billion USD to zero within days after...
“The Merge” of the Ethereum
Ethereum – the world’s second largest blockchain – has transitioned from the legacy “proof-of-work” to a “proof-of-stake” consensus mechanism. Key facts The Ethereum Merge is an upgrade that...
What is Crypto Jacking?
Crypto jacking, a type of cybercrime in which cryptocurrencies are mined through hacked computers, has reached a record high in 2022. According to a recent report, the number...
Budget: Corporate Tax, AMT, Tax on Digital Assets
In her Budget Speech 2022, Finance Minister Nirmala Sitharaman shed light on tax liabilities for virtual assets like cryptocurrencies. Key Facts Income from any digital asset will now...
The Global Risks Report 2022
The World Economic Forum recently released the Global Risks Report 2022. Cybersecurity, pandemic, climate change and space advancements are the emerging risks to global economy. Key Findings The...
Karnataka Bitcoin scam: Things to know
Central Crime Branch Police of Bengaluru, arrested 26-year-old Srikrishna Ramesh alias Sriki, on November 4, 2020. What is the issue? He was arrested as per provisions of Narcotic... China declares all Cryptocurrency transactions illegal
Central bank of China has declared all the Cryptocurrency transactions illegal on September 23, 2021. Key Points The global values of cryptocurrencies including Bitcoin have massively fluctuated in...
PayPal launched crypto buying and selling in UK
PayPal Holdings Inc has launched crypto buying and selling in the United Kingdom. Key points PayPal will allow customers in the UK to buy, sell and hold bitcoin... Report: Indians invested $40 bn in cryptocurrency in 2020
As per Chinalysis report, Indians who are known to traditionally invest in gold are now investing into cryptocurrency. Key Findings India is home to world’s biggest holders of...
India to Propose Cryptocurrency Ban
India is preparing to propose for a law to ban the cryptocurrencies, to fine anyone who is trading in India or to fine anyone even for holding such...
