GST council ponders imposing 28% tax on Bitcoin and other cryptos

In what could mar the mood of the cryptocurrency investors in India, the goods and services tax (GST) Council is expected to mull imposing a 28% tax on cryptos. The proposal is anticipated to be tabled in the upcoming GST Council meeting. As per reports the 28% GST will be in addition to the 30%…

Telegram enables users to send crypto

After the encrypted messaging app Telegram earlier gave up on its token; it now fosters cryptocurrency payments. As per the Protocol, the addition can make cryptocurrency payments on messaging platforms more mainstream. The TON Foundation, which controls the toncoin token, has allowed fee-free payments, sending cryptocurrency to other users, and using toncoin (TON) in the…

Cryptocurrency

Why is Argentina increasingly adopting cryptos? 

Cryptocurrency has evolved in frontier markets such as Argentina, where an unsteady financial system and decisive government intervention in the country’s economy have pushed many Argentines toward decentralized cryptocurrency.   The country’s national currency, the peso, is already highly volatile and subject to a raft of financial controls. As a result, the currency is increasingly demanding…

MetaMask enables users to purchase cryptocurrency via Apple Pay

A famous crypto wallet provider, MetaMask declared Apple Pay integration to its website and app. While Apple doesn’t support cryptocurrency payment directly, MetaMask users will be redirected to Wyre, a crypto exchange that supports the selling and buying of crypto, users will now have the alternative to make the payment via debit or credit card…

Cryptocurrency

Newer Ethereum Would Be More Energy Efficient!

Ethereum, the primary blockchain backing Ether, is declaring a grand update, aiming to decrease the enormous energy consumed in Ether mining by 99.95 percent.  In addition, the company announced a move to Proof-of-Stake (PoS) mechanism away from the existing Proof-of-work (PoW). For the uninformed, Blockchain is a virtual circulated database that records every transaction, making…