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Tether, the issuer of the largest stablecoin in the market, USDT, has announced that it is investing resources into energy production and the launch of sustainable Bitcoin mining operations in Uruguay, in collaboration with a local licensed company. With this, Tether has expanded its reach from finance and communications to include the energy sector. Its […]
Indian crypto companies fear losing customers, after govt refuses to allow offsetting losses Minister of State for Finance Pankaj Chaudhary clarified in Parliament that losses incurred from one kind of cryptocurrency cannot be offset against the gains from any transaction involving another cryptocurrency. The government won’t allow tax breaks on infrastructure cost incurred while mining of crypto […]
Enables investors to diversify their portfolio with the help of crypto experts To make investing easier, India’s first social crypto exchange club, Defy, has introduced Baskets. With the help of Baskets, one can diversify their portfolio while keeping a track of what experts are investing in. Baskets consist of a set of coins based on […]
As Finance Minister Nirmala Sitharaman signals ‘No ban’ but ‘regulation’ on Cryptocurrencies (Read Cryptoassets) in India, banks have started showing interest in the crypto exchanges to tap the growing community of crypto users. One should note that some unverified sources have claimed that Government is looking forward to regulating the crypto market in India through […]
Speaking to CNBC TV18, BJP leader Jayant Sinha has expressed his views on the future of cryptocurrencies in India. While responding to a question on opportunities and risks around cryptocurrency, he says that India is the leader globally in financial regulations. The tremendous number of entrepreneurs we have, the deep technical talent and the outstanding […]