The primary demand from India’s crypto industry was to reduce the controversial tax-deducted-at-source (TDS) policy on crypto transactions from 1% to 0.01% Source
India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech
Tag: finance
U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate
The U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill to set up a government working group to assess how to keep bad actors from using digital assets isn’t likely to become a law as-is. Source
Decentralized Finance TVL Recovers to $100B After July Lows
Between June 19 and July 19, within a 30-day period, the total value locked (TVL) in decentralized finance (defi) dropped below the $100 billion mark, hitting a low of $86.3 billion on July 7, 2024. Over the past three days, however, the TVL has managed to stay above the $100 billion threshold. Lido Leads Defi […] Source CryptoX Portal
Former Finance VP Pleads Guilty to Embezzling $4 Million From Crypto Firm
Dylan Meissner, 31, of Westport, has pleaded guilty to fraud in Hartford federal court, the U.S. Department of Justice (DOJ) announced. Meissner, a former Vice President of Finance at a cryptocurrency research firm, admitted to stealing over $4 million from his employer. Starting in January 2022, Meissner secured a $170,000 loan in ethereum from his […] Source CryptoX Portal
K9 Finance Validator and Token LIVE on Shiba Inu Blockchain
K9 Finance DAO, a pioneering decentralized autonomous organization dedicated to advancing decentralized finance (DeFi) solutions, proudly announces the successful launch of its validator on the Shiba Inu Layer 2 (L2) mainnet. Concurrently, the DAO introduces its KNINE token on the Shibarium blockchain, leveraging the official ShibaSwap platform for liquidity and trading. Integrating K9 Finance DAO’s […] Source CryptoX Portal
Compound Finance Site Compromised in Phishing Attack
The website leads to a phishing page that could drain user funds, but the actual protocol remains unaffected. Source
Nigeria’s Finance Minister Urges SEC to Tackle Challenges in Regulating Cryptocurrency
The Nigerian Finance Minister, Wale Edun, has urged the newly inaugurated board of the country’s Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies. He emphasized the need for stringent oversight to maintain market integrity in the capital market. Edun also highlighted the importance of staying informed and adaptable, especially in fast-evolving […] Source
Standard Chartered-Backed Zodia Custody Partners with Crypto Lending Firm Maple Finance
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Cryptocurrency and Blockchain – The Duo Transforming Finance
HodlX Guest Post Submit Your Post For the last few years, terms such as ‘cryptocurrency’ and ‘blockchain’ have become popular in the sphere of finance and IT (information technology). But what are these two, and how are they connected? Here we will explain these ideas further and establish how they are connected. Understanding cryptocurrency Cryptocurrency can be defined as a digital or virtual currency that has attributes of money and makes use of cryptography to secure the transactions. Cryptocurrencies are different from the government-backed currencies – known as fiat currencies…
How Memes and Gamification Are Changing Finance As We Know It
All that is happening — both in traditional and crypto finance — speaks to something emergent and powerful. After decades of obscure, obfuscated, straight-laced, ivory tower financial services, people are moving in an opposite direction. Discovering collective financial power and then applying that power to markets goes hand in hand with technologies that connect people on a daily, global basis (e.g. Reddit) and that democratize financial autonomy (crypto). All of this is wrapped up in humorous, meme-based communities and financial gamification that is, at the end of the day, simply…