CRYPTO RULES
Grey zone in Indian payment laws: Crypto goes shopping in rupee using QR-linked loophole
Unified payments interface is now being used for buying cryptocurrencies through applications like goat.cash. Consumers can conveniently convert their cryptocurrencies, such as USD Coins, to pay vendors for goods. This involves scanning QR codes and entering necessary details, which facilitates quick transactions. Intermediaries help complete the process by converting USDC to rupees for vendors. Additionally, stable coins often trade at a premium within the Indian market.
Why is Bitcoin price crashing today? BTC USD falls toward $76,000 amid stock market sell-off and $370 million in crypto liquidations
Bitcoin (BTC USD) price crash today: Bitcoin has fallen back toward $76,000 after failing to hold its recovery above $80,000. A sell-off in technology stocks added to the pressure, while nearly $370 million in leveraged crypto positions were liquidated in about an hour. Traders are now watching the $75,000 level.
Beyond gold: What $340 billion in crypto flows says about India's investment preferences this Dhanteras
Gold remains central to Indian household savings, but high prices are pushing investors toward ETFs and digital gold instead of physical holdings. Crypto is emerging as a separate portfolio option rather than replacing gold, reflecting a broader shift toward digital ownership and diversification.
Tax reporting lapses could risk India's sovereign rating, trigger withholding tax penalties: Income Tax Principal DG Debjyoti Das
Speaking to the media on the sidelines of the 'Summit on Global Financial Compliance (FATCA & CRS)' in Mumbai, Debjyoti Das, Principal Director General of Income Tax (Intelligence & Criminal Investigation), highlighted the growing risks associated with non-compliance in cross-border financial reporting.
Democrats target Trump's 'tentacles of corruption' as new Congress prepares sweeping investigations
Democrats are preparing sweeping congressional investigations into Donald Trump, his family and administration after winning control of both chambers in the midterm elections. Potential targets include Trump family businesses, cryptocurrency dealings, ICE operations and the Epstein investigation, as party leaders seek to link alleged corruption to Americans' cost-of-living concerns.
Trump-linked crypto assets slip up to 16%, AI data centre stocks slide after Democrats' US midterm win
Trump-linked cryptocurrencies tumbled up to 16%, while shares of Bitcoin miners transitioning into AI data centre businesses slumped as Democrats' strong midterm performance rattled investor sentiment. Concerns over tighter regulations, potential construction delays in Texas and rising financing costs weighed on companies betting on the AI infrastructure boom.
In the name Of Don Trump
Democrats won control of both houses of Congress, reflecting voter discontent with Trump's economic policies during midterm elections. Many traditional Republican supporters shifted back to their Democratic roots due to concerns about affordability and war. Trump faced a strong electoral rebuke as he failed to connect with voters on arising issues. The Republican Party now faces challenges in redefining its identity after this electoral defeat.
American companies brace for a pivot as US midterm elections get underway
US midterms: Corporate America is anticipating a potential shifts in Washington's power dynamics. Analysts predict that a strong Democratic showing could benefit sectors such as clean energy, housing and healthcare. Conversely, AI and defence stocks may face increased scrutiny from lawmakers.
Crypto cards enter RBI's radar as Indians use offshore wallets for everyday payments
Offshore crypto cards that allow Indian residents to spend digital assets on domestic purchases and withdraw cash have come under the scrutiny of the RBI and Financial Intelligence Unit. Several users have reported card deactivations in recent days, while authorities are understood to be examining potential violations of payment regulations and FEMA.
McDonald’s must face class action lawsuit over its McRib, judge rules: Why is the fan-favorite $7 sandwich facing fraud allegations?
In a notable ruling, a district judge has permitted a class action lawsuit against McDonald's focusing on the McRib sandwich. The suit purports that the fast-food giant's advertising misleads consumers regarding the meat quality, with plaintiffs arguing they spend significantly more for the expectation of premium pork cuts. McDonald's defends its ingredient standards and transparency, amidst previous concerns about the treatment of animals used in the McRib's meat sourcing.
Four US cities win the prize for Trump's new crime-fighting experiment; get nearly $300 million in funds — why were they chosen?
Four American cities will receive substantial federal funding to improve public safety and reduce violent crime. Jacksonville, Baton Rouge, Jackson, and St. Louis have been selected for this initiative. Each city faces distinct challenges, including police staffing shortages and technological needs. The funding will enhance local law enforcement strategies tailored to community requirements. Details regarding the specific allocation of funds will be announced shortly.
Could Israel’s Arab parties hold the key to deciding who becomes the next prime minister as Netanyahu faces an election deadlock and rival blocs struggle to secure a governing majority?
Israel's recent inconclusive election has left major political blocs short of a governing majority. Gadi Eisenkot, the opposition leader, may challenge Benjamin Netanyahu with the help of Arab parties. The two main Arab parties, Ra'am and the Joint List, hold a combined 19 seats in the Knesset. While some Jewish opposition figures reject Arab support, Ahmad Tibi has offered assistance for a minority government.
A $180.6 million warning for Trump? Texas border towns grapple with the economic fallout of his deportation campaign as local workers feel the growing heat
President Trump's strict immigration policies are leading to economic challenges in the Rio Grande Valley region. Many residents are feeling anxious due to the heightened immigration enforcement ahead of elections. Research indicates a notable economic loss attributed to these immigration enforcement measures. Local businesses are concerned about the impact of these policies on their labor force and customer base.
Could Binance’s $6.3 billion hack trigger a crisis across crypto’s billionaire network as CZ turns to Elon Musk for support?
Binance's significant security breach has led to a public dispute between Changpeng Zhao and Elon Musk. Zhao is seeking Musk's support while trying to reassure Binance customers that their funds remain secure. The incident highlights Binance's investments in Musk's businesses, specifically with SpaceX. Binance aims to recover affected assets and restore normal operations following this crisis. Meanwhile, the situation has attracted the attention of cybersecurity investigators and cryptocurrency traders.
Crypto exchange HTX barred from promoting services in UK
Regulators and authorities around the world have for years warned that nascent crypto markets - which are generally less regulated than mainstream financial markets - present risks to investors.
As crypto markets mature, technical analysis moves to the core of investor strategy
Crypto investing has evolved from hype-driven participation to a focus on technical analysis and structured decision-making. Investors are now using tools to analyze price movements and market trends effectively. Technical analysis helps investors remove emotions from trading and create a repeatable system for decision-making. Additionally, many traders combine technical analysis with fundamental research to inform their investment choices.
Zcash soars 3,000%: Why Bitcoin billionaires are betting on the privacy coin
Zcash has surged about 3,000% over the past year, attracting investment from the Winklevoss twins and Barry Silbert. Their mining operations and ETF plans are expanding as renewed interest in crypto privacy brings fresh attention to the token, alongside security and regulatory concerns.
Can Bitcoin hit $100,000 in the next 12 months? Michael Saylor’s 4-year bull run forecast explained
Michael Saylor believes Bitcoin could return to $100,000 within the next 12 months as a new bull market begins. The Strategy chairman sees a potential four-year rally, but admits the cryptocurrency’s six-figure comeback by the end of 2026 is far from certain.
Cryptocurrency companies can keep paying interest-like rewards, say federal bank regulators
The new rules are part of the implementation of the GENIUS Act, which was signed into law last year and was meant to codify the rules and regulations around issuers of stablecoins.
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