cryptocurrencies

RBI’s Systemic Risk Survey (SRS)

Created: January 3, 2023

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 survey, which was conducted in November 2022 and solicited the perceptions ..

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The Collapse of FTX Cryptocurrency Exchanges

Created: November 24, 2022

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 his company filed bankruptcy protection in the United States in November 11. ..

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“The Merge” of the Ethereum

Created: September 21, 2022

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 changes how new crypto transactions take place on the blockchain. The Ethereum ..

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What is Crypto Jacking?

Created: July 29, 2022

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 of global crypto jacking incidents has increased by approximately USD 66 million ..

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Budget: Corporate Tax, AMT, Tax on Digital Assets

Created: February 3, 2022

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 be taxed at 30 percent. There will be no deduction with exception ..

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The Global Risks Report 2022

Created: January 12, 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 global economy is to shrink by 2.3% by 2024. However, in developing ..

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