Crypto mining requires the setup of a computer hardware network of high cost which is known as Mining Rig. Mining Rig is used to mine bitcoins and other cryptocurrencies. Anyone with fast Mining Rig can mine cryptocurrencies from a computer or laptop at home. It does require some technical knowledge to configure and manage such …
Can Anyone Mine Cryptocurrencies (How does Crypto Mining work)? Read More »
The Q2 earning report of Tesla has come as a shocker for crypto admirers as it stated that the company has reportedly sold its 75% of Bitcoin (BTC) holding. This news came at a time when cryptocurrency is already trading at its month low, going down by over 50% since last year. Tesla mentioned in …
1% TDS will be levied on the transfer of virtual digital assets (such as crypto and NFTs) from July 1st as stated by the finance minister Nirmala Sitharam stated in the Union budget 2022. Whereas 30 % Tax has already been imposed on crypto investors, now it will be interesting to see how 1% TDS …
1% TDS on Crypto from July 1st: Who will Deduct TDS? Read More »
Crypto industry has always been a controversial one in the Indian landscape. Since its emergence in India, RBI has always put it under the radar to make it regulatory. The government has imposed a 30% tax on the profit generated from the exchange of cryptocurrencies (or any virtual digital asset) effective from April 1. As …
Netflix has recently released a true crime-based documentary Trust No One: The Hunt for the Crypto King. This documentary covers the infamous QuadrigaCX crypto exchange scandal which had shaken the world of Bitcoin in 2019. Luke Sewell, the director of the film tried to showcase the rise and fall of the QuadrigaCX in a limited …
Crypto tax laws have been effective from April 1st in India but its effect had started appearing the day Loksabha passes the bill. The government of India imposed a 30% Tax on the profit gained from crypto transfer (sell, exchange, and relinquishment) and 1 % TDS on every transaction related to cryptocurrency and other virtual …
Crypto Taxation Impact on Investors & Crypto Exchange Platforms Read More »
Tax on cryptocurrencies in India will be effective from April 1st as Loksabha has recently passed the Finance Bill 2022 which includes new “Crypto Tax” laws as well. These proposed taxes on virtual digital assets (VDA) will come into an effect from the beginning of the new financial year. Virtual digital assets (VDA) include private …
Crypto Tax India 2022: 30% Tax & 1% TDS on Virtual Digital Assets Read More »
Cryptocurrency and Bitcoin have become the common talk of every town. But many people find it difficult to understand what it actually means. And most importantly, Is cryptocurrency a secure investment option? To figure out the safe investment possibilities, you should at least know the basics of cryptocurrencies. Let’s dive deeper to understand – what is …
Cryptocurrency Guide 2022 – Things You Should Know Before Diving Deep Read More »
