Bitcoin News and Finance: What You Need to Know

Nepalese actress and model Priyanka Karki is being questioned by the police after her picture was found in promotional material for a cryptocurrency scheme. “The investigation is still underway. We are trying to find out if the actress is involved in the crypto trading promotion or only her picture was used,” said the police. Actress Priyanka Karki Questioned in Connection With a Cryptocurrency Scheme Nepalese actress and model Priyanka Karki has been questioned by Nepal’s Central Bureau of Investigation (CBI) in connection with a cryptocurrency scheme. The CBI brought Karki in for questioning after they found a cryptocurrency ad with her picture on Facebook. The CBI released her on bail Sunday. However, the police said that the investigation is not yet completed and seized her mobile phone for investigation, according to local media. CBI Deputy Inspector General (DIG) Dhiraj Pratap Singh explained, “The bureau began an investigation after seeing cryptocurrency promotional content...

PRESS RELEASE. Nestree is a blockchain-based community messenger that is incentivized in nature. It is also a messaging platform that specializes in the development and revival of diverse communities by exposing them to blockchain technology and cryptocurrencies. In 2022, Nestree will deploy an NFT Aggregator Service (Beta). Nestree has evolved into a specialist platform for NFTs, a fast developing asset class. Moreover, by connecting with multiple worldwide platforms, the team hopes to increase the utility value of the EGG token. Understanding NFT Aggregators Several NFT markets have recently emerged throughout the world. This has resulted in knowledge asymmetry and fragmentation, particularly in relation to NFTs. Thus far, the world has seen a tremendous quantity of knowledge and cash come into the NFT sector, but we’ve also seen an equal amount of bogus and malevolent information flood in. In fact, the greatest crypto fraud case (worth approximately $4 million USD), happened ...

India’s ministry of finance has clarified in parliament how the government plans to tax cryptocurrency transactions. A proposed new section to the Income Tax Act states that gains from crypto transactions will be taxed at 30% while losses cannot be deducted. Indian Government Reveals Taxation Plan The Indian ministry of finance answered some questions Monday in Lok Sabha, the lower house of parliament, regarding how cryptocurrency transactions will be taxed going forward. Minister Pankaj Chaudhary, the minister of state in the ministry of finance, explained that The Financial Bill 2022 has proposed to insert section 115BBH to the Income Tax Act 1961 to provide for the taxation of income from transfers of virtual digital assets (VDAs). He stated: As per the proposed section, any income from transfer of VDA shall be taxed at the rate of 30%. “Further, while computing the income from transfer of VDA, no deduction in respect of any expenditure (other than cost of acquisition) or al...

Flexid Technologies, a blockchain startup promoting the use of digital identities, said its solution was recently used by thousands of Zimbabwean households and patients that participated in a local health survey study. Using Technology to Drive Down the Cost of Healthcare A blockchain startup, Flexid Technologies, revealed it recently made its digital identity solution available to 15,000 households and 50,000 patients that took part in a Zimbabwean baseline survey. The survey was conducted between 2021 and early 2022 by a local healthcare provider, Ubuntu Clinic. In his remarks published by Techzim following the release of the study findings, Flexid Technologies CEO and co-founder, Victor Mapunga explained why his company decided to be a part of the survey. He explained: We believe that harnessing the power of technology in the healthcare sector is paramount in driving cost down and most importantly improving patient outcomes. Mapunga also suggested the survey findings would...

With a war raging in their homeland, thousands of Ukrainians, including many involved in the crypto space, have chosen Portugal as their new home. The country is an attractive destination, not only because of its warmer climate but also its relatively affordable cost of living and crypto-friendly tax regime. Portugal Attracts Crypto Talent and Business From War-Torn Ukraine The Russian invasion of Ukraine has sent millions of refugees fleeing to other European nations and Portugal is no exception. Despite the great distance from the conflict zone, the country has already accepted 13,000 refugees in the past weeks after the authorities in Lisbon simplified the arrival procedures for Ukrainians. Those among them who had been working in Ukraine’s growing crypto industry are likely to find it easier to settle down in Portugal than in other countries on the Old Continent, BNN Bloomberg noted in a report. Much like Ukraine before the war, this EU member state is becoming a cryptocurrenc...