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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin Hits New High as Altcoins Surge Ahead

Bitcoin Hits New Heights, Yet Altcoins Surge Even Higher The cryptocurrency market is a dynamic landscape, and today it witnessed Bitcoin reaching yet another all-time high. While Bitcoin's notable achievement of nearly 10% growth over the past week certainly commands attention, it pales in comparison to the meteoric rises seen among various altcoins. This week has proven to be particularly lucrative for many digital assets, showcasing the vibrant and sometimes unpredictable nature of blockchain technology. Bitcoin's Performance Current Status : Bitcoin (BTC) has reached a new all-time high, showcasing its resilience and popularity. Weekly Gain : Up nearly 10% over the last seven days. Market Influence : Traditionally, Bitcoin's upward trajectory tends to lift the entire market, and this time is no exception. For those looking to understand Bitcoin's significance, The Bitcoin Standard: The Decentralized Alternative to Central Banking provides a compelling o...
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Produced by Daniel Aharonoff & Mogul Media AI

Impact of India's Unchanged TDS Policy on Crypto Industry

India’s finance minister, Nirmala Sitharaman, recently unveiled the budget announcement, which notably lacked any modifications to the contentious tax deducted at source (TDS) policy that has been significantly affecting the crypto industry. Despite the fervent lobbying from the domestic crypto sector and a think tank advocating for a reduction in TDS, the budget did not meet the expectations of those hoping for a change in the policy. The current 1% TDS levy has prompted numerous crypto traders to shift their transactions offshore, potentially depriving the government of substantial revenue. This decision, or rather lack thereof, has sparked concerns and discussions within the industry regarding its implications and the future trajectory of crypto trading in India.

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