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Existing Indian law could impose 2% levy on crypto bought from offshore exchanges

CoinTelegraph

According to local sources, the Indian Government’s 2% “equalisation levy” could be extended to crypto-assets purchased from off-shore exchanges. According to a June 22 report from Economic Times, analysts are inferring that existing law could require a 2% levy to Read More

Chris Giancarlo: U.S. risks becoming ‘backwater’ without central bank digital currency

CoinTelegraph

One of the few high-profile public officials to have served under both the Obama and Trump administrations, Chris Giancarlo is a former Wall Street executive-turn-regulator who is widely-respected by nearly all parties on Capitol Hill. As the former Chairman of Read More

Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines

CoinTelegraph

The growth of stablecoin’s market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times. Monitoring the Tether (USDT) treasury for Read More

Sotheby’s will allow people to trade their crypto for an ‘intrinsically worthless’ rock

CoinTelegraph

Luxury auction house Sotheby’s will accept bids in crypto for a massive diamond scheduled to be auctioned in Hong Kong next month. According to a Monday Reuters report, Sotheby’s will offer a 101.38-carat pear-shaped diamond for bids in crypto and Read More

Bitcoin hashrate hits 8-month low as Chinese miners power down

CoinTelegraph

Bitcoin’s hashrate has fallen to its lowest levels since early November as mining operations in China start unplugging. Bitcoin’s network hashrate, a measure of its computational horsepower, has slumped 46% since its peak level in mid-May. According to Bitinfocharts, Bitcoin Read More

$71B in crypto has reportedly passed through ‘blockchain island’ Malta since 2017

CoinTelegraph

Malta’s strategy to become a global enclave for digital assets appears to be working, though lax regulatory oversight has raised concerns over money laundering and other financial crime.  Roughly $71 billion, or 60 billion euros, worth of cryptocurrencies have passed Read More

Bitcoin price can hit $450K in 2021, $135K is ‘worst-case scenario’ — PlanB

CoinTelegraph

Bitcoin (BTC) could trade at an eye-watering $450,000 by the end of 2021, while $135,000 would be the “worst case scenario.” That’s according to analyst PlanB, who on June 20 released his latest sentiment-busting bullish BTC price prognosis. Bitcoin to Read More

A RUNE with a view: How smart crypto traders caught a 48% price pump

CoinTelegraph

Disparities in information access and data analytics tech are what give institutional players an edge over regular retail investors in the digital asset space. The core idea behind Markets Pro, Cointelegraph’s crypto intelligence platform powered by data analytics firm The Read More

City in Sichuan reportedly orders crypto miners to shut down for investigation

CoinTelegraph

Chinese authorities continue to crack down on cryptocurrency mining as a city in Sichuan province has reportedly halted local Bitcoin (BTC) mining farms. Authorities in Ya’an City, a prefecture-level city in the western part of Sichuan province, have ordered local Bitcoin Read More