Cryptocurrency in India – Your NFTs and Cryptocurrencies Just Got More Expensive!

In an unexpected announcement, India stated that it plans to introduce its digital currency next year and tax cryptocurrencies and NFTs. According to Nirmala Sitharaman, the country’s finance minister, any income generated from the transfer of virtual assets will be taxed at 30%. She also suggested that a 1% tax deduction should be made on…

Chain Link partnership with SWIFT

Anyways another crypto project that’s been making the headlines lately is Chain Link which recently partnered with Swift. For context Swift is a messaging system used by over 11 000 banks around the world, this means that Swift is basically the backbone of the existing Financial system. Chain Link’s partnership with Swift will see the…

How to Make Cryptocurrency a Part of Your Portfolio

Cryptocurrencies and digital assets have become increasingly popular since the debut of Bitcoin in 2009. In reality, a recent poll revealed that 21% of American adults own cryptocurrency, which is expected to rise in the next year. Created by the pseudonymous developer Satoshi Nakamoto, Bitcoin (BTC) is one of the most popular cryptocurrencies. Its total…

Why Governments Are Wary of Bitcoin

Since its debut in a 2008 whitepaper, Bitcoin (BTCUSD) has generated a lot of attention and news. The cryptocurrency’s supporters see it as the dawning of a new and just monetary system. Critics highlight the crypto’s involvement in criminal activities and the lack of legal standing as evidence that it is “rat poison squared.” The…