India’s tax rules on cryptocurrencies, which came into effect last April, have seen local exchanges lose the lion’s share of the market to those run by foreign players, according to a new report. Binance, Coinbase and other foreign exchanges held 67.6% of the crypto market share in India as of October 2022, up from 50%...
Shaktikanta Das, the head of India’s central bank, has criticised digital tokens, marking the latest denouncement of cryptocurrencies from officials in the country. “Changes in the value of any so-called product are a function of the market. But our main concern with crypto, unlike any other asset or product, is that it has no underlying...
Apple is gearing up to allow third-party app stores on its devices to comply with new EU antitrust laws, which could be a significant benefit for crypto and NFT app developers, at least in Europe. Under the new rules, European customers will be able to download apps not from the Apple’s branded app store. This...
It may be known primarily as an online payment method, but PayPal is now setting its sights on helping its users get started with cryptocurrencies. ConsenSys, the company behind MetaMask, has announced plans to add an integration in its crypto wallet so that users can buy cryptocurrencies using their PayPal account. MetaMask intends the offering...
Former Twitter CEO Jack Dorsey has promoted the idea of a “free and open protocol” for social media, following an Elon Musk-led internal investigation that uncovered censorship issues on the platform. In his post, Dorsey outlined some potential solutions to Twitter’s current problems. According to the former Twitter CEO, this includes protection from corporate or...
The U.S. Securities and Exchange Commission (SEC) has called on public companies to analyze and disclose information about their losses, including whether they are doing business with any firm associated with cryptocurrencies. The regulator, which oversees the U.S. publicly traded disclosures that occurred this year, said the guidance was due to “recent bankruptcies and financial...
With crypto valuations severely affected after the recent crash of the FTX exchange, financial services company Goldman Sachs is looking to pour millions into buying or investing in crypto firms while prices are low. In an interview with Reuters, Matthew McDermott, chief executive of Goldman Sachs, reportedly said that the big banks see opportunities in...
