Market News Top Crypto News Binance Deploys $1B for Crypto Recovery Fund – Top Crypto Updates Binance allocates $1B for ‘Crypto Recovery Fund’ Crypto exchange Binance has allocated another $1 billion for its industry recovery fund, effectively increasing the fund size to over $2 billion. The fund would have a “loose” structure and be publicly visible on the blockchain. Binance first announced the launch of an “industry recovery fund” on November […] Written by Cherian Varghese November 25, 2022November 25, 2022
Market News Top Crypto News Crypto Exchanges Get ED Notices Over Violation of FEMA – Top Crypto Updates CoinSwitch, CoinDCX get ED notices over violation of FEMA The Enforcement Directorate (ED) has sent notices to crypto exchanges CoinSwitch Kuber and CoinDCX as they came under the central agency’s radar. ED has registered a case against the two firms under the violation of the Foreign Exchange Management Act (FEMA). The agency is trying to ascertain if […] Written by Cherian Varghese July 7, 2022July 7, 2022
Market News Top Crypto News CoinDCX Extends Withdrawal Restrictions – Top Crypto Updates CoinDCX extends withdrawal restrictions Crypto exchange CoinDCX has extended the withdrawal restrictions that have been in place since May 13 until further notice. The company said these extreme steps are necessary to implement enhanced compliance and risk frameworks. The recent liquidity crises at several institutions (including Celsius Network), which paused crypto withdrawals and transfers, have stirred […] Written by Cherian Varghese June 27, 2022June 27, 2022
Market News Top Crypto News Portugal’s Parliament Rejects Crypto Tax Proposals – Top Crypto News Portugal’s Parliament rejects crypto tax proposals The Portuguese Parliament voted against two separate proposals from minority political parties to tax crypto assets. The proposal had asked the government to consider taxing crypto profits over €5,000 ($5,340.45). Earlier this month, the country’s Minister of Finance declared his commitment to start taxing crypto. He said the government […] Written by marketfeed Team May 26, 2022May 26, 2022
Market News Top Crypto News CoinDCX Tops $2B in Valuation – Top Crypto News CoinDCX tops $2B in valuation as investors pump in $135 million CoinDCX has raised $135.9 million (~Rs 1,000 crore) from investors led by Pantera Capital and Steadview Capital. It has doubled its valuation to $2.15 billion in just 8 months to become the most valued crypto trading platform in India. So far, CoinDCX has raised […] Written by marketfeed Team April 19, 2022April 21, 2022
Market News Top Crypto News Crypto Losses Can’t be Set Off, Clarifies Govt – Top Crypto News Crypto losses can’t be set off, clarifies Govt The Government of India has clarified that losses from virtual digital assets cannot be set off against gains one makes from other such assets. In other words, crypto investors and traders would have to pay a flat 30% tax on income, while losses would not provide any […] Written by marketfeed Team March 22, 2022April 21, 2022
