Non-fungible tokens (NFTs) are rallying, and to those fixated on rising prices, the market may seem to be booming. Overall activity, however, tells a different story. Leading the rally are Bored Ape Yacht Club and Pudgy Penguins. Their floor prices, the lowest possible acquisition cost, have climbed double digits in recent weeks, and their tokens…
For high-income taxpayers, buyback proceeds may now be taxed at slab rates up to 35.88%, despite the fact that the shareholder is surrendering and extinguishing their rights in the shares. (AI image) When the Finance Act, 2024 rewired the tax treatment of share buybacks, it upended a long-standing system that had—with all its imperfections—at least…
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Stablecoins are no longer a fringe market. Their total supply has exceeded $300 billion, and USDT₮, the largest stablecoin, briefly overtook Ethereum by market capitalization to become the second-largest digital asset behind bitcoin. Banks are right to pay attention. But paying attention is different from pressuring Congress to slow the market down. Stablecoins create new…
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A bitcoin whale came back to life Sunday, moving coins worth $40 billion to a new address after more than a decade of inactivity. The transfer took place at around 19:16 UTC, according to blockchain tracking service Whale Alert. The coins were moved from address “1KAA8GGhVjjUjVTz1HKAjCyGNzAKQd882j” to “bc1qm6m6d33d02edr0k8yj9jgt027zl6dvx6thjrxy.” The wallet had remained inactive since November…
Governor Malhotra is of the opinion that inflation will stay low or manageable, and the policy rates will be low for a prolonged period. The Reserve Bank cut its key rates at four of the six monetary policy reviews of 2025 by a cumulative 1.25 per cent, courtesy inflation touching record lows, in what the…
NEW DELHI: Supreme Court’s decision on Monday — its last working day of 2025 — to stay its own 40-day-old order on the Aravali controversy was only the latest in a series of flip flops witnessed in the year, during which orders were set aside within months after they were passed — a fact noticed…
NEW DELHI: BJP on Saturday accused Rahul Gandhi of fuelling sympathies for Maoists and asked if the Congress leader is offering tacit endorsement of “urban naxals” by amplifying a video featuring them. BJP claimed that a video shared by Rahul on his social media platforms on the issue of pollution featured those who had raised…
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