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CRYPTO AND GAMBLING
The crypto-treasury dream unravels after a 90% stock plungeReserveOne had agreed to combine with M3-Brigade Acquisition V Corp., a special-purpose acquisition company, or SPAC, whose sole purpose is...- Trump reiterates vision to make US the Crypto Capital of World. Here is what experts sayPresident Donald Trump is defending the cryptocurrency and prediction market industries. He is opposing state-led efforts to restrict these...
- As rupee dips, I-T steps up vigil on shady outflowsIn multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dat...
- Inherited wealth: How to plan wisely and avoid costly impulsive decisions for long-term financial securityThe primary rule to follow is: do not make rash and immediate decisions. Take time to consider what you have inherited and how to use it in...
- Apple CEO Tim Cook steps down; HCLTech Q4 reportAfter 15 years at the helm of Apple, Tim Cook will step down to make way for insider John Ternus. This and more in today's ETtech Top 5.
- From rejecting Rs 4 cr job offer to founding a Rs 570 cr startup: How this IIT alumnus from a poor background convinced parents to make a big betAn IIT-Kharagpur graduate rejected a ₹4.3 crore job and Stanford PhD to co-found Giga, an AI startup that recently raised $61 million. Desp...
- US judge blocks Arizona criminal case against Kalshi at CFTC's requestIn a notable turn of events, Arizona's criminal case against the innovative prediction market, Kalshi, has been suspended by a federal judg...
- US prediction market players make a play for Indian IPL fansIndian fans are turning to US platforms like Polymarket and Kalshi for IPL betting. These sites allow wagers on match winners and player st...
- Crypto gambling platform Stake loses $41 million in hackingStake confirmed the hacking on X (formerly Twitter), saying that unauthorised transactions were made from Stake's Ethereum (ETH)/Binance Sm...
- Cryptos are nothing but gamble, their value only make-believe: RBI governorReserve Bank governor Shaktikanta Das reiterated the need for an outright ban on cryptos saying though those supporting it call it an asset...
- MENA region emerges as world's fastest-growing crypto adopter -studyWhile the Middle East and North Africa region is one of the smallest crypto markets, its growth to $566 billion received in cryptocurrency ...
- Crypto losses can’t be set off, clarifies govtMoS Finance Chaudhary also said no deduction of any expenditure or allowance, apart from cost of acquisition, will be allowed while computi...
- Despite billion-dollar investment, why GameFi is failing to woo Asians?Market experts argue that GameFi is not gambling. It refers to the financialisation of video gaming and could transform gaming business mod...
- High tax on cryptocurrencies could push investors to evade taxes: Sumit Gupta, Coin DCXThe new tax rules do not allow set off or carry forward of losses. During the past few years and especially during the pandemic, we have se...
- Cryptocurrencies worse than Ponzi schemes, says RBI Deputy GovernorSankar also said that since cryptocurrencies have specifically been developed to bypass the regulated financial system, it is reason enough...
- Crypto community up in arms against 30 per cent taxThe change.org petition was started by Aditya Singh, Co-founder of CryptooIndia, and then amplified by popular social media influencers lik...
- Investors queue up for cryptos after tax proposalIndustry executives said the budget announcement resulted in pent-up interest among risk-averse investors as well as companies who earlier ...
- ETtech Opinion: Implications of India’s tax rules for cryptoCrypto is an asset class and an investment product. Trading crypto requires specific skills and cannot be compared to gambling.
- More people view crypto assets as acceptable investment, says UK watchdogRegulators have repeatedly warned consumers about the "speculative" nature of largely unregulated crypto assets, with bitcoin hitting a hig...
- China arrests over 1,100 suspects in crackdown on crypto-related money launderingThe arrests came as authorities in China step up their crackdown on cryptocurrency trading. Last month, three industry bodies banned crypto...
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