Pakistan is set to introduce a legal framework for cryptocurrencies in a bid to attract foreign investment, Bilal Bin Saqib, chief advisor to the country’s finance minister, told Bloomberg in an interview on Thursday. The development follows Prime Minister Shehbaz Sharif’s decision to establish the Pakistan Crypto Council (PCC) to promote blockchain technology. “Pakistan is […]
Bitcoin & Ether extend gains after Fed decision, XRP surges after legal fillip – CNBC TV18
Bitcoin, Ethereum, and other major cryptocurrencies gained value on Thursday, with investors welcoming the United States Federal Reserve’s decision to hold interest rates steady while maintaining projections for two rate cuts by year-end. As of 12.43 pm, Bitcoin was trading at $85,928.49, up 3.31%, while Ethereum gained 4.13% to reach $2,015.37. The Fed, as widely […]
Bitcoin rallies past $84K as US inflation cools, focus shifts to Fed policy – CNBC TV18
Bitcoin (BTC) surged past $84,000 on Wednesday after US inflation data showed a sharper-than-expected decline, reinforcing hopes that the Federal Reserve may ease monetary policy sooner than anticipated. The US Consumer Price Index (CPI) rose 2.8% YoY in February, down from 3% in January, and below the market forecast of 2.9%, according to the US […]
Can crypto go mainstream—What will it take? Experts weigh in – CNBC TV18
Cryptocurrencies have been on a rollercoaster ride this year. Buoyed by US President Donald Trump’s pro-crypto stance, cryptocurrency stocks have rallied and, despite the odd road bump, things are looking rosy for investors. This could easily be the start of cryptocurrencies entering the mainstream, and they were among the buzzing topics at the Moneycontrol Global […]
Bitcoin up by a fifth after Trump lists reserve tokens – CNBC TV18
Bitcoin was trading up a fifth from last week’s lows on Monday and several other cryptocurrencies that U.S. President Donald Trump said would be included in a new U.S. strategic reserve also rallied sharply. Trump said in a post on Truth Social that his January executive order on digital assets would create a stockpile of […]
Budget 2025: How the govt plans to track crypto transactions better | Explained – CNBC TV18
Despite industry expectations for tax relief, the government has kept the 30% tax on crypto income gains and 1% TDS (tax deducted at source) on transactions unchanged in the Union Budget 2025. This move underscores the government’s firm stance on digital assets, maintaining strict taxation and compliance measures. However, the compliance burden related to transaction […]
$TRUMP meme coin’s explosive debut: A 300% surge in hours shakes the crypto world – CNBC TV18
Donald Trump has once again captured global attention, this time with the launch of his $TRUMP meme coin. Announced just days before his second term as President of the United States, $TRUMP’s market cap soared to an eye-popping $8 billion in less than three hours. Company Value Change %Change Trading volumes approached $1 billion, and […]
How cryptocurrencies are taxed in India: A look at the framework and industry concerns – CNBC TV18
The Indian government introduced a taxation framework for cryptocurrencies and other Virtual Digital Assets (VDAs) in the 2022 Union Budget. However, the stringent tax obligations that accompanied this framework have sparked widespread debate among experts. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% […]
CoinSwitch launches ₹600-crore recovery plan for WazirX hack victims – CNBC TV18
CoinSwitch, one of India’s largest cryptocurrency platforms, has introduced CoinSwitch Cares, a ₹600-crore recovery programme for users affected by the WazirX hack in July 2024. Company Value Change %Change The breach resulted in a loss of $230 million, wiping out nearly 45% of WazirX’s crypto assets. This initiative is expected to provide relief to nearly […]
How the new ruling affects crypto taxation for pre-2022 transactions – CNBC TV18
The Income Tax Appellate Tribunal (ITAT) in Jodhpur has provided clarity on the taxation of cryptocurrencies, ruling that profits from crypto sales should be treated as capital gains, not income. This decision is significant for transactions made before the government defined Virtual Digital Assets (VDAs) in 2022. Company Value Change %Change Crypto classified as capital […]