The post WazirX Users May Won’t Get Full Lost Funds Back – Here’s Why! appeared first on Coinpedia Fintech News WazirX users who lost their funds in the 2023 hack might soon get some relief, but not the full amount. After the court rejected its first proposal, WazirX has submitted a new plan to return a partial portion of the lost money. The final decision is expected by June 20.  So, what’s going on, and …

The post Crypto Tax India Crackdown: CBDT Sends Notices to Thousands for Undeclared Income appeared first on Coinpedia Fintech News India’s Central Board of Direct Taxes (CBDT) has initiated a large-scale investigation into individuals and entities who failed to report income from Virtual Digital Assets (VDAs), including cryptocurrencies. What Happened? The CBDT has identified widespread non-compliance related to crypto income and has sent notices via email, asking recipients to update their Income Tax Returns (ITRs). …

The post Crypto Will Replace the “Dead” 60/40 Portfolio, Says Abra CEO Barhydt appeared first on Coinpedia Fintech News As bonds sink and Bitcoin soars, the traditional 60/40 investment strategy, 60% stocks, 40% bonds, is showing its age. Abra CEO Bill Barhydt says it’s time for something new. And that something, he believes, is crypto. In a recent interview with Bitcoin.com News, Barhydt explained why financial advisors are starting to shift away from bonds …

The post XRP Lawsuit Could End Soon, Ripple Lawyer Predicts 70% Settlement Chance appeared first on Coinpedia Fintech News After over four years of legal battle, the Ripple vs SEC case could finally be over. Both parties have recently filed a joint motion to settle. Ripple aims to unlock $125 million from escrow, $50 million would go to the SEC as a civil penalty, and $75 million would return to Ripple. The goal is …

The post Tornado Cash Developer Says DOJ Is Blocking Fair Trial  appeared first on Coinpedia Fintech News Roman Storm, the co-founder of Tornado Cash, is facing major hurdles ahead of his July 14 trial. Storm says that the U.S. Department of Justice is making it hard for him to defend himself in court. He had called six expert witnesses to support his defense, but the DOJ rejected five entirely and placed strict …

The post Crypto Market Faces $190M Liquidation—But Signs Hint at Upcoming Rally appeared first on Coinpedia Fintech News The crypto market just went through another heavy blow, with over $190 million lost in liquidations in the past 24 hours. Bitcoin fell hard yesterday, due to the ongoing geopolitical tensions triggered in the Middle East.  Some altcoins are showing signs of life, short sellers are being wiped out, and analysts believe a bounce could …

The post Michael Saylor Drops Explosive Bitcoin Prediction as Crypto Market Recovers appeared first on Coinpedia Fintech News Bitcoin dropped hard. Then it bounced back and Michael Saylor was quick to make his point. After BTC plunged 4.33% to hit $103,660 before rebounding 2.35%, the MicroStrategy founder took to X with a message that lit up the crypto crowd: “If it’s not going to zero, it’s going to a million.” It’s not the …

The post Uphold’s FXRP Staking Model Could Reshape XRP Rewards – If Regulators Allow It appeared first on Coinpedia Fintech News Uphold is exploring a bold new way to bring staking to XRP and it could change the game for holders of the token. The plan: Use the Flare network’s DeFi capabilities to make XRP staking possible, even though XRP doesn’t support staking on its own. With over 10 million users in 140+ countries, Uphold CEO …

The post Ripple IPO Could Break Records With $30B Valuation appeared first on Coinpedia Fintech News Ripple could be on track to launch the largest initial public offering (IPO) in history, according to former company director Sean McBride. However, recent updates from insiders suggest Ripple may not file for an IPO anytime soon. So, is Ripple planning the biggest IPO ever, or is the hype too early? Ripple Share Buyback Signals …

The post Crypto Remittances in El Salvador Drop 45%  appeared first on Coinpedia Fintech News El Salvador is facing a major setback in its crypto experiment as crypto remittances have dropped by 45%, raising serious concerns about the country’s economic stability. The decline, triggered by recent Bitcoin volatility, could severely affect Salvadorans who rely on remittances as a primary source of income. El Salvador Sees Sharp Decline in Crypto Remittances …