Day: March 22, 2022

Indian Government Reveals How It Plans to Tax Cryptocurrency Transactions – Taxes Bitcoin News

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India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto transactions will be taxed at 30% while losses cannot be deducted. Indian Government Reveals Taxation Plan The Indian ministry of finance answered some questions Monday in Lok Sabha, the lower house of parliament, regarding how cryptocurrency transactions will be taxed going forward. Minister Pankaj Chaudhary, the minister of state in the ministry of finance, explained that The Financial Bill 2022…

Bitcoin Moves Below 100 SMA, Why $40K Is The Key

Bitcoin started a downside correction below $41,200 against the US Dollar. BTC must stay above the $40,000 support to start a fresh increase. Bitcoin started a downside correction below the $41,200 support zone. The price is trading below $41,400 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $41,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $40,000 support zone to remain in a positive zone. Bitcoin Price Consolidates Bitcoin price started…

Bitcoin mining could be good for US energy independence: Research

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Republican Congressman Pete Sessions from Texas has come out with a bold statement about the impact Bitcoin mining will have not just on his state but on the United States as a whole. The Texan representative, a proponent of Bitcoin (BTC) mining, tweeted on March 22 that “Bitcoin Mining will play a critical role in rebuilding energy independence in the USA.” His statement drew a mixed bag of reactions from both supporters and critics. Wyoming’s Republican Senator Cynthia Lummis was among the supporters who responded to his tweet with a…

Bitcoin could rein in cyberattacks, says MicroStrategy CEO Michael Saylor: CNBC Crypto World

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Michael Saylor, CEO of MicroStrategy, discusses the latest volatility in the crypto market and how bitcoin could prevent bots from taking over the internet. 00:00 – CNBC Crypto World, Feb. 25, 2022 0:23 – Ether rises double digits 2:39 – The headlines…

Situs Baru – Mining Bitcoin Android Tercepat | Mining Btc Gratis Bisa Di Withdraw

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Malaysian Ministry Proposes Legalizing NFTs to Boost Participation in Crypto Sector – Regulation Bitcoin News

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Malaysia’s communications ministry has proposed legalizing non-fungible tokens (NFTs) to increase the participation of young people in the cryptocurrency space. The crypto sector is under the purview of the central bank, Bank Negara Malaysia, and the Securities Commission. Malaysian Ministry Wants NFTs Legalized Malaysia’s Ministry of Communications and Multimedia has proposed legalizing non-fungible tokens (NFTs) “to help the younger generation who are actively involved in the space,” Malaysian national news agency, Bernama, reported Monday. Deputy Communications and Multimedia Minister Datuk Zahidi Zainul Abidin was asked in Dewan Rakyat, the lower…