Author: Sahil Poudel

ITAT Rules Crypto as Capital Assets – What It Means for Indian Investors

Summary: India’s Income Tax Appellate Tribunal (ITAT) just dropped a bombshell ruling, clarifying how crypto gains will be taxed especially for transactions that happened before April 2022.

Capital Gains, Not Extra Income

The ITAT has officially labeled cryptocurrencies like Bitcoin and Ethereum as capital assets. Translation? Profits made from selling crypto before April 2022 will be taxed as capital gains, not as income from other sources.

YOU MIGHT ALSO LIKE: Fake Uber Driver Busted for Swiping $300K in Crypto

For long-term HODLers who’ve held their crypto for over three years, profits will fall under long-term capital gains (LTCG), meaning a lower tax burden. For instance, if you bought Bitcoin for Rs 5.05 lakh in 2015 and sold it for Rs 6.69 crore in 2020 yep, that massive profit is LTCG and taxed at favorable rates.

Post-April 2022 – The Game Changed

Here’s where it gets spicy: after April 2022, profits from crypto are taxed at a brutal flat 30% rate, regardless of how long you’ve held. So, those big gains? Uncle Sam (or, in this case, India’s taxman) will take his cut.

YOU MIGHT ALSO LIKE: Nigeria cracks down on crypto romance scams, arrests nearly 800 scammers

This ruling gives much-needed clarity to Indian crypto investors navigating the tax maze. Pro tip: Keep those transaction records spotless tax season just got real.

Nigeria cracks down on crypto romance scams, arrests nearly 800 scammers

Summary: Nigeria’s anti-graft agency busted a massive crypto scam operation in Lagos, arresting 792 suspects. The scammers used fake online romances to trick people into shady crypto “investments” and steal their cash.

A Hub of Crypto Heartbreaks

In what sounds like something straight out of a movie, Nigerian authorities raided a building in Victoria Island, Lagos, where nearly 800 scammers ran what’s called *crypto romance scams*. Their playbook? Pretend to fall in love with victims online, gain their trust, and then pressure them into “investing” in fake crypto projects. Once the cash rolled in, these scammers ghosted faster than a bad Tinder match.

YOU MIGHT ALSO LIKE: Fake Uber Driver Busted for Swiping $300K in Crypto

Global Targets, Sneaky Tactics

These scammers primarily targeted Americans, Canadians, Europeans, and even some Mexicans, luring them via WhatsApp, Instagram, and Telegram. The hustle started small, with victims paying “activation fees” as low as $35 to set up fake accounts. The raid revealed just how international this operation was 148 Chinese nationals, 40 Filipinos, and individuals from Kazakhstan, Pakistan, and Indonesia were caught.

YOU MIGHT ALSO LIKE: Trump’s DeFi Push Fuels $45M December Crypto Buying Frenzy

Seized Devices and Organized Crime Links

Wilson Uwujaren, spokesperson for Nigeria’s Economic and Financial Crimes Commission, confirmed that phones, laptops, and cars were seized. Authorities are now teaming up with international agencies to dig deeper into potential ties to organized crime. Stay alert love and crypto don’t always mix well.

Fake Uber Driver Busted for Swiping $300K in Crypto

Summary: A man from Arizona did something unforgivable as he disguised himself as an ordinary Uber driver but behind that mask he was a filthy thief who got caught red-handed after stealing over whopping $300,000 in crypto from unsuspecting innocent passengers.

Crypto Heist on Wheels

Scottsdale Police have arrested Nuruhussein Hussein, who’s now facing serious felony charges for theft, fraud, and money laundering. According to reports, he’d fake being an Uber driver, pick up victims, and casually ask to “check directions” or “connect the Uber app” on their phones. While the unsuspecting passengers handed him their devices, he’d quickly access their crypto wallets, swipe private keys, and transfer funds straight to his own account.

YOU MIGHT ALSO LIKE: PRCL Coin Skyrockets After Coinbase Listing Announcement

High-Tech Trickery, Big-Time Losses

Hussein didn’t just stop at simple swipes he used advanced techniques to move the stolen crypto to untraceable wallets. Most victims didn’t even realize their money was gone until it was far too late. By the time they sobered up or checked their balances, the digital cash was long out of reach.

YOU MIGHT ALSO LIKE: Pengu Token Airdrop: Could $20K Really Grow to $50K?

Facing the Music

The scammer is now behind bars in Maricopa County Jail, and both police and the Secret Service are on his case. Hussein faces multiple charges of theft, fraud, and money laundering, with a court bond hearing set for December 18. Let this be a PSA: hold onto your phones, especially after a night out.

Ledger Wallet User Loses $2.5M in Bitcoin and NFTs to Phishing Scam

Summary: A Ledger wallet user has lost 10 Bitcoin and $1.5 million worth of NFTs after hackers exploited a phishing transaction from 2022. This incident highlights the importance of vigilance in securing crypto wallets and avoiding phishing traps.

The $2.5M Crypto Wipeout

A crypto user, known as “Anchor Drops” on X, shared their loss of 10 Bitcoin and $1.5 million in NFTs from their Ledger Nano S wallet. The attack was traced back to a phishing transaction they unknowingly approved in February 2022. The hacker stayed under the radar for nearly three years before draining the funds.

YOU MIGHT ALSO LIKE: Bitcoin Traders Eye $120K Amid Bullish Momentum of ‘Santa Claus Rally

How the Hack Proceeded

Blockchain security experts confirmed that the phishing transaction gave the hacker access to the user’s recovery phrase, allowing them to take control across multiple blockchains. Ethereum-based NFTs were targeted first, but the attacker also managed to drain Bitcoin holdings, leaving the community puzzled about how it happened.

YOU MIGHT ALSO LIKE: Bitcoin Smashes $106K After Trump’s Crypto Shoutout

Staying Safe in Crypto

Ledger and blockchain experts stress the importance of reviewing token approvals and understanding wallet interactions. Phishing scams often rely on users overlooking small details. The takeaway? Be hyper-cautious with transactions and never share your recovery phrase—because even a hardware wallet can’t fix user mistakes.

Bitcoin Smashes $106K After Trump’s Crypto Shoutout

Summary: Bitcoin just broke another one of its own record and broke $105K and just hit an all-time high of $106,488, thanks to a Trump-fueled crypto hype train. The former U.S. president’s plans to create a “Bitcoin reserve” have crypto investors buzzing, pushing BTC to insane new levels.

Trump’s Crypto Love Sparks FOMO Frenzy

Bitcoin’s record-breaking rally kicked off after Donald Trump dropped the mic at the New York Stock Exchange, announcing his intention to make Bitcoin part of America’s strategic reserve. “We’re gonna do something great with crypto… we want to be ahead,” Trump said, sending Wall Street and retail investors into a frenzy. Add in the BITCOIN Act from Senator Cynthia Lummis, proposing the U.S. buy 1 million BTC to tackle debt, and you’ve got FOMO hitting peak levels.

YOU MIGHT ALSO LIKE: $27 to $52M?! PEPE Investor’s Wild Ride

Global Bitcoin Rush Heats Up

It’s not just the U.S. making moves. Russia’s jumping on the Bitcoin bandwagon too, with President Putin calling BTC unstoppable and a solution to sanctions. Russian Finance Minister Anton Tkachev even floated the idea of a Bitcoin reserve. Meanwhile, MicroStrategy flexed hard by dropping $2.1 billion on 21,550 BTC, bumping their stash to 423,650 coins—biggest corporate holder flex, period.

Bitcoin Miners Crushing It

On the tech side, Bitcoin’s hashrate is off the charts, climbing to 804 EH/s this year—an insane leap from 128 EH/s. Miners have raked in $71.5 billion so far, proving BTC isn’t just hype, it’s a powerhouse.

YOU MIGHT ALSO LIKE: Is Cutoshi the Next Shiba Inu? Meme Coins Leveling Up

Crypto’s never been this lit. Are you riding the wave or watching from the sidelines?

$27 to $52M?! PEPE Investor’s Wild Ride

Summary: A madman decided to bet $27 on the PEPE memecoin and it made him the greatest fortune of $52 million. This just shows how unexpected, exciting as well as wild and unpredictable the crypto space can be. PEPE’s rise has cemented its place as a memecoin juggernaut, creating millionaires out of small-time investors who dared to take a chance. With massive gains and even bigger hype, PEPE is proving the meme economy is alive and thriving.

The $27 Glow-Up

Almost 600 days ago, a PEPE whale casually tossed in 0.0135 ETH, worth just $27 at the time. Fast forward to today, and that tiny bet exploded into a ridiculous $52 million. On December 10, this crypto hero moved their entire 2.1 trillion PEPE stash to a new wallet, making waves across the community. With a return on investment of 1.9 million percent, this is the stuff of crypto fairy tales.

YOU MIGHT ALSO LIKE: Is Cutoshi the Next Shiba Inu? Meme Coins Leveling Up


Another Trader’s Big Win

Turns out, the PEPE success train isn’t a one-time thing. Another early adopter threw down $3,000 during the token’s April 2023 launch and has already cashed out $27.5 million. They’re still sitting on 1.88 trillion tokens worth $45.6 million. On December 9, as PEPE hit an all-time high of $0.000028, they pocketed another $2.8 million from a quick sale of 100 billion tokens. Absolute legend vibes.

Memecoin Madness

PEPE’s market cap hit $11.8 billion at its peak, proving meme coins still dominate the crypto hype. With small bets turning into life-changing fortunes, it’s clear the memecoin market isn’t going anywhere. Who’s next to jump on the rocket?

YOU MIGHT ALSO LIKE: Bitcoin’s About to Pop Off: Will It Break $103K?

Is Cutoshi the Next Shiba Inu? Meme Coins Leveling Up

Summary: Memecoins are still a very interesting as well as popular sector which is still somewhat ruling a side of crypto scene. With OGs like Shiba Inu (SHIB) and Dogecoin (DOGE) flexing their massive market caps. But if you’ve been feeling that FOMO, don’t sweat it—Cutoshi (CUTO) is here to shake things up. This new kid on the block is blending meme culture with real DeFi utility, and it’s looking like a serious contender for the next big breakout.

Shiba Inu Still Bringing the Heat

SHIB’s been holding its ground, trading at $0.000029 after a quick recovery from market dips. Volume’s down, but SHIB is forming a bullish cup-and-handle pattern, hinting at a potential breakout soon. Meanwhile, Shibarium, its Layer 2 network, is crushing it with over 600M transactions and 2M+ addresses. Even whales are waking up, moving trillions of tokens. Translation? SHIB’s not just vibes—it’s utility too.

YOU MIGHT ALSO LIKE: Bitcoin’s About to Pop Off: Will It Break $103K?

Cutoshi: MemeFi’s Rising Star

Cutoshi’s coming in hot with its CUTO DEX, a cross-chain exchange promising super-fast, cheap swaps. Inspired by Japan’s Lucky Cats, it’s all about spreading good fortune. Users can farm, stake, and even learn through the Cutoshi Academy, making crypto more accessible for beginners. With $1.36M raised in presale and tokens going for $0.031, this meme coin isn’t just a joke—it’s a movement.

YOU MIGHT ALSO LIKE: Former Thailand PM Urges Crypto Study to Stay Relevant in the Digital Age

Ready to jump on the Cutoshi hype train? Don’t miss this one.

Bitcoin’s About to Pop Off: Will It Break $103K?

Summary: Bitcoin’s on fire and just inches away from making history. It’s trading at $101,935.76, only 1.4% shy of smashing its all-time high of $103,679, set barely 10 days ago. The question on everyone’s mind: is it about to level up or hit the brakes?

BTC’s Ultimate Glow-Up

Here’s the tea: Bitcoin’s market cap is sitting at a ridiculous $2.01 trillion, and the 24-hour trading volume is a cool $38.57 billion. And get this—in 2013, Bitcoin was worth a laughable $67.81. Fast forward to today, and we’re talking about a 150,000%+ climb. If that’s not the ultimate “started from the bottom” story, I don’t know what is.

BTC Bitmala



The Hype Is Unreal

Crypto Twitter is going crazy, and even your grandma’s probably asking about Bitcoin by now. Investors are holding their breath like it’s the final season of their favorite show. If BTC breaks $103K, expect the FOMO to explode, with everyone from Wall Street suits to TikTok traders jumping in.

YOU MIGHT ALSO LIKE: Thailand is Going Full Crypto: Pay with Bitcoin While Chilling in Paradise

How High Can It Go?

Bitcoin isn’t just a coin; it’s a whole vibe. Whether it shoots past $103K or not, the buzz is unreal. Right now, it feels like the Super Bowl of crypto high stakes, all eyes watching. Wherever it goes next, one thing’s for sure: Bitcoin’s still the main character in the finance game.

YOU MIGHT ALSO LIKE: NFT Sales Surge 16% Amid Crypto Market Turbulence

Thailand is Going Full Crypto: Pay with Bitcoin While Chilling in Paradise

Summary: Thailand just gave a really good news to all crypto fans: you’ll soon be able to pay with Bitcoin in its hottest tourist spots. From beachfront resorts to street markets, crypto payments are about to make travel way smoother for everyone.

Currency is not a Problem Anymore?

Picture this you’re exploring Bangkok or lounging in Phuket, and instead of fumbling with cash or stressing over exchange rates, you just whip out your Bitcoin wallet. Thailand’s move to allow BTC payments isn’t just smart; it’s setting a new standard for travel. Tourists will love the ease, and Thailand’s economy? It’s about to glow up big time.

YOU MIGHT ALSO LIKE: NFT Sales Surge 16% Amid Crypto Market Turbulence

Bitcoin’s Big Moment

This news comes at the perfect time—Bitcoin just smashed past $100K, with the internet dubbing it the “Trump Effect” after his re-election win. Thailand’s decision to ride the Bitcoin wave is already getting global clout, and crypto fans everywhere are hyped.

Tourism Just Leveled Up

By making Bitcoin part of the travel experience, Thailand is basically inviting crypto lovers worldwide to visit. It’s not just about tech; it’s about making travel cooler and more accessible for a new generation of tourists. If other countries catch on, Bitcoin vacations could be the next big thing.

YOU MIGHT ALSO LIKE: Trump Backs a U.S. Bitcoin Reserve, Says BTC Could Rival Gold

Thailand’s setting the bar—so don’t be shocked if your next vacation comes with a “Bitcoin accepted here” sign. This could be the start of something huge.

Trump Backs a U.S. Bitcoin Reserve, Says BTC Could Rival Gold

Summary: Donald Trump just gave Bitcoin the green light, hinting at a U.S. Bitcoin reserve that could rival the strategic oil reserve. With BTC soaring past $100K after his re-election, Trump wants America leading the crypto game—not playing catch-up.

Bitcoin is the New Gold?

In a bold move, Trump told CNBC he’s all in on crypto, even suggesting a U.S. Bitcoin reserve to mirror the country’s oil stockpile. He called it a way to keep America ahead, especially as countries like China and Russia cozy up to Bitcoin. Trump believes Bitcoin’s market cap could hit $16 trillion, rivaling gold, and he’s ready to “lead the charge.”

YOU MIGHT ALSO LIKE: OpenAI Whistleblower’s Death Sparks Controversy, Elon Musk Weighs In


Enter the BITCOIN Act

Republican Senator Cynthia Lummis is backing Trump’s vision with the BITCOIN Act, a proposal to stack 1 million BTC over five years to chip away at America’s $35 trillion debt. Sounds wild, right? But with global Bitcoin hype at an all-time high, it’s not just the U.S. making moves—Russia’s Putin is also hyping BTC as a way to dodge Western sanctions.

Bitcoin Boom Incoming?

Market pros are buzzing. Perianne Boring, founder of the Digital Chamber, says if Trump’s plans pop off, Bitcoin could hit $800K, creating a $15 trillion market cap. Wall Street’s already in FOMO mode, and if this Bitcoin race takes off, we might be looking at a whole new level of crypto domination.

YOU MIGHT ALSO LIKE: Drake’s X Account Hacked to Push Sketchy Solana Memecoin ‘Anita’


It’s clear—crypto isn’t just a fad anymore. It’s about to be a full-on power move.

Exit mobile version