The Bitcoin (BTC) mining difficulty is projected to increase during the next difficulty adjustment scheduled for December 11, as hashprice, a critical metric that measures expected miner profitability per unit of computing power, sits at record lows. Bitcoin’s next mining difficulty adjustment is expected to occur at block 927,360 at about 12:09:34 AM UTC, marginally increasing…
MUMBAI: The income tax appellate tribunal’s (ITAT) Mumbai bench has held that the absence of a formal gift deed cannot, by itself, justify treating a property purchase as an ‘unexplained investment’ when the source of funds is clearly identifiable. Under I-T laws, if income or an asset is treated as unexplained, it is subjected to…
NEW DELHI: In a move to end the confusion of price to quantity printed on edible oil packets, govt is looking to bring uniformity. Against the current practice of manufacturers mentioning packet sizes such as 650, 700, 810, 850 and 870 grams, the new norm would be 200 ml, 500 ml, 1-5 litres, 15 litres…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. A new CryptoQuant report suggests that Strategy is quietly preparing for a…
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Chipmaker Nvidia has reportedly become the latest company to tap the AI debt boom with a planned $20 billion bond offering, underscoring the relentless demand for AI infrastructure and data centers that has also created new opportunities for Bitcoin miners diversifying beyond crypto. On Monday, Bloomberg reported that Nvidia is seeking to raise at least…
Jairam Ramesh; PM Narendra Modi NEW DELHI: The Congress on Monday welcomed US President Donald Trump’s announcement of a peace agreement between the United States and Iran but criticised Prime Minister Narendra Modi for his “blind devotion” to Israel.Congress MP Jairam Ramesh cited Prime Minister Modi’s visit to Israel just days before it launched strikes…
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Tax season is approaching, and with only a sliver of 2025 left, investors must now revisit tax and accounting strategies that support their overall financial health. In December, a slight adjustment can mean significant benefits. With crypto investing continuing to gain traction among retail investors over the past few years, crypto tax reporting and accompanying…
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