Cryptocurrency
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ED freezes bank assets worth Rs 64.67 crore of crypto exchange WazirX
The company is under investigation in two cases related to the Foreign Exchange Management Act, the finance ministry had told Parliament on Tuesday.
Scroll Staff
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RBI suggested ban on cryptocurrencies, says Finance Minister Nirmala Sitharaman
The central bank is of the opinion that since it or the government does not issue cryptocurrencies, they cannot be considered legal tender, she said.
Scroll Staff
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Crypto is great for gambling, but lousy as usable currency
As the losses in the cryptocurrency markets demonstrate, decentralised finance has yet to prove it is a viable alternative to the centralised banking system.
John Hawkins, The Conversation
Trending
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Not paid news: New York Times refutes BJP claim on article about AAP schools
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Why a Japanese spy suddenly embraced Islam in Bombay in the early 20th century
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What accounts of growing Indian illiberalism miss: The grounds for bigotry were laid before 2014
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BJP MLA put under house arrest for threatening to stall Munawar Faruqui’s show in Hyderabad
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Subhas Chandra Bose and Emilie Schenkl: A marriage that defied the Third Reich
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How cryptocurrency scams work and what to watch out for
Such frauds are especially painful because the probability of retrieving lost funds is close to zero.
Yaniv Hanoch, The Conversation & Stacey Wood, The Conversation
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Crashing prices of cryptocurrencies are testing the will of even the most avid investors
Is this just another crash in the volatile crypto market, or is this the beginning of the end for this alternative asset class?
Andrew Urquhart, The Conversation & Brian Lucey, The Conversation
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Brands like Nike and Prada are experimenting with NFTs. What could go wrong?
Companies launching non-fungible tokens are going to potentially need to change more than it first appears.
Achilleas Boukis, The Conversation
Video
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Watch: MP policeman turns to religious leader to identify murderer, he claims to know who did it
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Watch: Manipur CM N Biren Singh shows off football skills for Durand Cup inauguration
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‘Smile Please’: Delhi Police warns against traffic violations with a ‘World Photography Day’ post
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Watch: The horrifying moment when a four-storey building collapsed in Mumbai, no casualties reported
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‘When you want to have chapati and biryani’: Video of biryani burrito confuses food lovers
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Sold with promise of riches, crypto gaming is in practice deeply exploitative
Crypto evangelists say blockchains are the future of gaming and crypto gaming is ushering in ‘Web3’. How true are these promises?
Ben Egliston, The Conversation
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The crash in cryptocurrency prices offers some hope for the climate
Bitcoin has an annual carbon footprint of around 114 million tonnes – roughly comparable to 3.8 lakh space rocket launches.
Peter Howson, The Conversation
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India’s crypto industry has been shrinking even without the proposed 28% GST
A new taxation policy introduced on April 1 has caused a slump in major cryptocurrency exchanges.
Mimansa Verma, qz.com
The Reel
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Watch: The trailer of ‘Fabulous Lives of Bollywood Wives’ season 2 is here
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‘Duranga’ review: Suspend disbelief if you want to enjoy the twists
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‘Tamilrockerz’ review: In show about piracy, some insights about the price of cinemania
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‘Dobaara’ review: An engaging thriller about time travel and alternate reality
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‘Nope’ review: Jordan Peele’s sci-fi horror is mostly a yup
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Cryptocurrencies could be misused for terror funding, says Nirmala Sitharaman at IMF meeting
The Reserve Bank of India had also raised ‘serious concerns’ around private cryptocurrencies, saying that these could cause financial instability.
Scroll Staff
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People with ‘dark’ personality traits are more enthusiastic about cryptocurrencies
A study says impulsive personalities like crypto because they fear missing out on investing rewards that others are experiencing.
Di Wang, The Conversation, Brett Martin, The Conversation & Jun Yao, The Conversation
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30% tax on cryptocurrency income comes into effect from today
Finance Minister Nirmala Sitharaman had made the announcement while presenting the Union Budget for the financial year 2022-’23.
Scroll Staff
The Field
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Wrestling: Antim Panghal creates history, first Indian woman to win gold at U20 World C’ships
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Lord’s Test: Nortje & Co breathe fire as South Africa defeat England by an innings and 12 runs
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ICC World Test Championship standings: South Africa on top spot after big win at Lord’s vs England
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India tour of England: Jhulan Goswami returns to ODI squad, Kiran Navgire earns T20I call-up
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Premier League: Liverpool boss Klopp on United’s form – ‘Just helps them to be even more motivated’