The Income Tax Appellate Tribunal, or ITAT, in Jodhpur, India, has ruled that profits from crypto sales prior to the introduction of the Virtual Digital Asset, or VDA, regime in 2022 are to be treated as capital gains. The decision classifies crypto, including Bitcoin, as capital assets, resolving ambiguity that previously surrounded crypto taxation. The ITAT’s decision ensures fair treatment…
Following Bitcoin Miner, Fumb Games has returned with another idle mining game that lets you earn real Bitcoin—appropriately named Idle Mine: Earn Real Bitcoin. While the end result of earning Bitcoin for playing an iOS and Android game is much the same, Idle Mine is actually a very different game than Bitcoin Miner. Bitcoin Miner is crypto-centric, letting you fake-mine…
Detectives in Vienna, Austria have disrupted a $1.26 million (€1.2 million) crypto fraud operation they’re calling “Rip-Deal 2.0.” A 39-year-old suspect with a long series of past convictions was arrested in Milan, Italy, earlier this year with help from Europol, according to English-language local news outlet The International. In October, a regional court sentenced the person to three years in…
The European Parliament’s Sarah Knafo said it’s time to stop “totalitarian temptations” by the European Central Bank and adopt Bitcoin. Source: https://cointelegraph.com/news/european-mp-pro-bitcoin-eu-parliament-no-digital-euro?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
U.S. Treasury Secretary Janet Yellen recently referred to the possibility of enacting sanctions against Chinese banks as the U.S. prepares to deepen its measures to weaken the Russian economy. This could affect trade settlements between Russia and China, which have already suffered due to previous measures. US Treasury Prepared to Enact Sanctions Against Chinese Banks […] Source: https://news.bitcoin.com/russian-settlements-face-another-blow-u-s-treasury-hints-at-sanctions-against-chinese-banks/
Coinbase and DeFi pose serious competition for traditional exchanges as Bitcoin ETFs beat gold by assets under management. Source: https://cointelegraph.com/news/crypto-eating-tradfi-lunch-coinbase-revenue-beats-nasdaq?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Google’s Willow quantum chip challenges Bitcoin’s cryptographic security. Discover potential risks to wallets, consensus mechanisms and the future of blockchain resilience. Source: https://cointelegraph.com/explained/googles-willow-quantum-chip-vs-bitcoin-security-whats-at-stake?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Blockchain Gaming Association’s fourth annual survey showed growth in the C-suite, but other demographics appear to be slipping. Source: https://cointelegraph.com/news/blockchain-gaming-association-2024-survey-growth-c-suite?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitget, a South Africa-based cryptocurrency exchange, has recently announced that it received a Bitcoin Service Provider (BSP) license in El Salvador, opening the doors to start operating locally. This milestone allows the company to “offer services such as bitcoin-to-fiat currency exchanges, bitcoin payment facilitation, and secure bitcoin custody solutions for its clientele,” according to a […] Source: https://news.bitcoin.com/bitget-receives-bitcoin-license-in-el-salvador-securing-its-entrance-into-latam/
The halls of Canadian Parliament have been buzzing with turmoil following the resignation of Chrystia Freeland, Canada’s finance minister and deputy prime minister. Adding fuel to the fire, speculation is mounting among Polymarket bettors and the general public that Prime Minister Justin Trudeau might also step down as the fallout continues. Canada’s Political Powder Keg: […] Source: https://news.bitcoin.com/freeland-resigns-is-trudeau-next-exit-odds-surge-in-betting-markets/
