October 2022

India’s Tax Authority Asks Crypto Exchanges for Details of Coins Traded on Their Platforms – Taxes Bitcoin News

India’s tax authority has reportedly asked major cryptocurrency exchanges in the country to provide information pertaining to the coins traded on their platforms. The tax authority is also evaluating the taxability of crypto transactions to determine if the goods and services tax (GST) can be applied to them. Indian Crypto Exchanges to Provide Details of …

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Ethereum Co-Founder Believes Crypto Industry Shouldn’t Put Much Effort Into Attracting Institutional Capital

Ethereum co-founder Vitalik Buterin, in sharing his opinion on crypto regulation, declared that he is “kinda happy” that exchange-traded funds (ETFs) are being delayed. In a lengthy thread on Twitter, Vitalik Buterin discussed how regulations would impact crypto. According to Buterin, all regulations focus on either consumer protection or making it difficult for bad actors …

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Paraguay Warns About Growth of Illegal Bitcoin Mining Operations and Effect on Power Stability of the Country – Mining Bitcoin News

The growth of illegal bitcoin mining operations could affect the stability of the power system in Paraguay, according to statements from the National Power Administration. The boom the country is experiencing is taking its toll on the power system, with many miners plugging in illegally and consuming high amounts of power without making payments. Paraguay …

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Apple Workers in Australia Said to Gear Up for More Strike Action as Employees Rejected a Pay and Benefits Deal

Hundreds of Apple workers in Australia are set to strike again after almost two-thirds of employees rejected a pay and benefits deal, the latest escalation of a fight that has seen weeks of walkouts at stores around the country. Results released on Monday show 68 percent of Apple workers rejected a workplace agreement proposed by …

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Bitcoin Bulls Fail to Clear $21,000 While Dogecoin Drops in Value After Weekend Surge

Bitcoin price continues to remain under the $21,000 (roughly Rs. 17.3 lakh) price mark as the bulls have lost force over the weekend after a strong surge in buying pressure over the past week. As things stand, the value of Bitcoin is down by more than 1 percent in the last 24 hours with its …

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Professor Steve Hanke Says US Economy Was Flat Over the Last Year, but Stresses ‘It’s Going to Hit South’ – Economics Bitcoin News

Amid the chaotic economy, plagued with central bank tinkering, supply chain issues, and red-hot inflation, the professor of applied economics at Johns Hopkins University, Steve Hanke believes a “pretty big recession” will take place in 2023. Speaking in an interview on Oct. 28, Hanke said that he updated the probability of a U.S. recession to …

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Thailand and Hungary Partner to Promote Blockchain Tech in Financial Sector – Blockchain Bitcoin News

Industry associations from Hungary and Thailand plan to cooperate on implementing blockchain technologies in the financial services sector. The two sides hope to share experience and produce ideas for alternative services as part of their new partnership. Thailand and Hungary Announce Blockchain Pact During Bilateral Fintech Forum The Thai Fintech Association and Hungary’s Blockchain Coalition …

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