Mohith Agadi's Blog: Journalistic Writings, page 2

Bengaluru to Host G20 Finance Ministers and Central Bank Governors Meeting

The first G20 Finance Ministers and Central Bank Governors meeting under the G20 Indian Presidency will be held in Bengaluru, Karnataka, on the 24th and 25th of February 2023. The meeting will be jointly chaired by Union Finance Minister Smt. Nirmala Sitharaman and Governor, Reserve Bank of India (RBI), Dr Shaktikanta Das.

G20 Finance and Central Bank Deputies Meeting to Precede Main Event

The G20 Finance and Central Bank Deputies meeting will be held on 22nd February, co-chaired by Shri Ajay Se...

Oscars 95 Nomination Announcements to be Hosted in Metaverse’s Horizon Worlds

The Academy of Motion Picture Arts and Sciences has announced that Riz Ahmed and Allison Williams will be hosting the presentation of the nomination for the 95th Oscars.

Ahmed, who won an Oscar for Best Live Action Short Film in 2020 for The Long Goodbye, received a nomination for Best Actor in 2021 for his performance in Sound of Metal. Williams, known for her roles in Girls and Get Out, can currently be seen in the Universal/Blumhouse film M3GAN, which she also executive produced.

For the firs...

Italy to impose 26% tax on crypto trading profits from 2023

Italian parliament approves the bill that contains tax imposition of 26% on profits from crypto trading from 2023. This tax is imposed on crypto trading profits that exceed 2,000 euros during the fiscal period.

The new measure also sets a replacement tax on gains for investors, which appears to be an incentive for the disclosure of profits with cryptocurrency.

If declared, the tax is 14% of the value of assets acquired as of January 1, 2023, rather than the purchase price. Because the market ha...

DBS Bank completed an intraday repo trade on JP Morgan’s Onyx Blockchain

Singapore headquartered DBS Bank announced that it had completed the first intraday repurchase transaction in Asia on J.P. Morgan’s intraday repurchase application on Onyx Digital Assets, a blockchain-based network that supports instant settlements and transaction maturity within hours rather than the current industry norm of one to two working days.

This transaction by DBS will serve as a model for other financial behemoths worldwide, encouraging them to pursue blockchain for other financial ap...

A Regulatory Framework for Markets in Crypto Assets in EU: MiCA

The EU Council’s Presidency and the European Parliament have achieved a preliminary agreement on a proposed regulation for crypto assets: MiCA. The proposed MiCA (Market in Crypto Assets) guideline aims to regulate cryptocurrency marketplaces.

This agreement applies to crypto-assets, crypto-asset issuers, and crypto-asset service providers. Before proceeding with the official adoption procedure, this interim agreement must be approved by the Council and the European Parliament.

Consumers now hav...

Polygon raises $450 million in a private sale led by Sequoia India

During a private sale led by Sequoia Capital, Polygon, the L2 solution aimed at solving scalability problems of Ethereum, raised 450 million from around forty Venture Capitalists. News that had an immediate effect on the crypto whose value has increased by +15% in less than 24 hours.

The private sale was led by Sequoia, with participation from Tiger Global, SoftBank, Galaxy Digital, Republic Capital, Seven Seven Six of Alexis Ohanian, Steadview Capital, Animoca Brands, Spartan Fund, Dragonfly Ca...

Is Bitcoin Heading for a New All-time High?

The Bitcoin (BTC) bulls chased $24,000 twice yesterday, December 23, 2020. BTC is currently facing strong selling pressure, with BTC’s all-time high (ATH) only a few hundred dollars away. Technical indicators show Bitcoin is capable of conquering new ATH, and it kept trying to crack the resistance at $24,000 daily. In the event of a major correction in its price, Bitcoin can count on daily supports which have risen well in recent days, especially the institutional interest.

A decompressed market...

TikTok: Microsoft’s Offer Rejected by ByteDance, the Platform’s Chinese Owner

Microsoft’s offer to buy TikTok’s US activities has been rejected by ByteDance, the platform’s Chinese owner, the US IT giant announced Sunday evening. “We are confident that our proposal would have been good for TikTok users while protecting national security interests,” Microsoft said.

The Microsoft Corp. had indicated in early August its interest in TikTok, under the threat of a ban in the United States. President Donald Trump, who has accused the popular social network of spying for China’s ...

The Fate of Crypto in the USA: Senate Hearing and Other Implications to Legislations

All of us know that the Cryptocurrencies, though attracting huge investments around the globe, have also been criticised massively at the same time in almost every part of the world.

The major banks and credit card companies had started prohibiting the transactions related to Cryptocurrencies last month. This lead to massive distress among the investors of Bitcoin and other cryptocurrencies.

Many officials and investors alike, have gone on record that more stringent regulations and oversight...

Japan’s largest Bitcoin Exchange, bitFlyer is breaking new ground as it sets foot in Europe

After obtaining a license and being recognized as a payment institution, bitFlyer has now launched in the European Union. As of now it supports only BTC/EUR trading, but they are planning to include other cryptocurrencies by the end of this year.

bitFlyer announced the details about its European launch on Monday. It has earned the distinction of being the first Bitcoin exchange to be regulated in Japan, the US and Europe. It can be considered the most compliant virtual currency exchange in th...