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This drop in sentiment happened after Bitcoin’s decline below $90,000. Investor confidence was shaken by macroeconomic uncertainties, including trade tariff threats from Donald Trump. Bitcoin investment products also saw $3 billion in outflows over seven days. Meanwhile, Bitcoin miner MARA reported a strong Q4 2024, posting $214.4 million in revenue and growing its Bitcoin holdings to 44,893 BTC.Crypto Market Sentiment Reaches Extreme FearThe Crypto Fear & Greed Index, which is a sentiment tracker in the Bitcoin and cryptocurrency market, dropped to its lowest level in over two years after Bitcoin plummeted below $90,000. On Feb. 26, the index slipped further…

In December, the Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) passed an order citing three Supreme Court judgments and one Madras high court judgement that do not exist. In just a week, the order was withdrawn, citing “inadvertent errors”. What is the case?The case involving Buckeye Trust before the ITAT’s Bengaluru bench pertained to the taxability of a transaction in which a person settled (created) a trust worth ₹669 crore, mainly by transferring interest in a partnership to the trust. Normally, transfers without consideration to non-relatives above ₹50,000 are taxable in the hands of the recipient. However, Buckeye’s…

Fund managers of small-cap mutual funds have invested large amount in micro capital stocks over the past one year, while they explored and capitalised on their potential, reported Business Line.ACEMF data show a considerable jump in micro-cap stock allocations within small-cap fund portfolios, rising to 31 per cent in January 2025 from 25 per cent in January last year. Reportedly, the share of small-cap stocks fell during the same period from 49 to 43 per cent.Liquidity concernsDespite the risks linked with micro-cap stocks such as heightened volatility, limited liquidity and increased vulnerability to market downturns, small-cap fund managers seek opportunities…

Bitcoin miners that are still drawing electricity from grid-attached power sources will struggle after the next halving event in 2028, MARA Holdings (MARA) said in a shareholder letter. “For those miners still relying on grid-attached power, the writing is on the wall. Energy costs will only rise. The 2028 halving will likely force another industry-wide reckoning. Many may not survive,” the letter said. The statement comes as the mining industry has already been struggling to stay profitable following a recent halving event that saw bitcoin rewards cut in half, forcing some miners to diversify their revenue sources into high-performance computing…

National Payments Corporation of India (NPCI) has rolled out a new rule with regards to UPI Lite which will come into force from April 1, 2025. By releasing a new circular, the retail payments and settlement systems company has directed all banks to implement ‘Transfer Out’ functionality.NPCI’s circular also states that this latest rule of ‘transfer out’ is aimed to enhance user convenience.What is a transfer out functionality?This is a new feature which will enable users to withdraw funds from their UPI Lite balance to the source bank account from which it was loaded without disabling UPI Lite.NPCI has also…

A growing number of U.S. states are moving forward with legislation to create strategic Bitcoin reserves, with Utah emerging as the frontrunner. Speaking with Roundtable host Scott Melker, Satoshi Action Fund CEO Dennis Porter revealed that more than 50 pieces of Bitcoin-related legislation are in progress across at least 22 states. “There’s a big difference between when we started in June of 2022,” Porter said. “We were fighting tooth and nail just to get a lawmaker to take a call. Now, we have over 50 pieces of legislation covering everything from strategic Bitcoin reserves to protecting Bitcoin rights.” Porter pointed…

A higher credit score not only improves the chances of loan approval but also determines the interest rate and repayment terms offered by the lender. Lenders such as banks and NBFCs share repayment information with credit information companies, which calculate the score. This score significantly influences loan accessibility and affordability. It is, therefore, important to understand what a credit score is, how it is decided, and what you can do to improve it. How credit scores helpA credit score is beneficial not only to people seeking loans but also serves as an important tool for lending companies. It is an…

(Bloomberg) — Lawyers for Justin Sun and for the US Securities and Exchange Commission are seeking a stay in the regulatory proceedings against the crypto entrepreneur. Most Read from Bloomberg According to the Wednesday filing, “the Parties submit that it is in each of their interests to stay this matter while they consider a potential resolution and agree that no party or non-party would be prejudiced by a stay.” The request, which follows a similar pause in the case against Binance Holdings Ltd., is the latest example of a dramatic shift in the regulatory climate for digital assets in the…

BEIJING — U.S. chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company.In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second straight year. The company, blacklisted by the U.S. for national security reasons, did not feature among Nvidia’s competitors for at least three prior years.Nvidia listed Huawei among its competitors in four of five categories, including chips, cloud services, computing processing and networking products.”There’s a fair amount of competition in China,” Nvidia CEO Jensen Huang told CNBC’s Jon Fortt Wednesday.”Huawei, other companies,…

I bought an under-construction house in September 2023 and have made several payments toward it. Here is a breakdown of the expenses I have incurred so far:In 2023, I made an initial payment of ₹5.5 lakh as a token amount to the builder. I also paid ₹4 lakh to the government as stamp duty and other charges. I would like to understand whether any of these payments can be carried forward for tax exemption in financial year 2024-25, and if so, under which sections.Also read: How credit scores can make or break your chances of securing a loanMoving to 2024,…