Hey, Your Crypto Newsletter for March 26, 2021

If you are interested in cryptocurrencies, this newsletter is for you. [FeedBinary Newsletter](  [Companies Act: Additional Disclosures On Cryptocurrency, Regulatory Actions Introduced](  The Ministry of Corporate Affairs has directed companies to disclose their investments in crypto or virtual currency, along with the source of funds and profit or loss earned through such transactions.  Companies must also make additional disclosures on corporate social responsibility, promoter shareholding and Benami property transactions, among others.  This has been introduced through an amendment in Schedule III of the Companies Act, 2013 that prescribes the format of balance sheet that must be prepared by almost all companies, unless they fall into a specific category for which a different format is prescribed.  To be clear, some of the proposed changes already applied for a class of listed entities via Securities and Exchange Board of India regulations. But now, the requirement has been extended to almost all companies, including private firms.  In a move to curb frauds, the government has also directed companies to use only those accounting software platforms April 1 onwards, which provide a feature of recording transaction-wise audit trail and logging facility for each change that’s made in the books of accounts. [Read More](   [What to Know About Investing in Cryptocurrency](  It’s hard to find a person who hasn’t at least heard of cryptocurrency these days. But actually understanding how cryptocurrency works is a different story. If you’re considering putting money in crypto, there are many assumptions to question and risks to consider. In this article, we’ll elaborate on the following cryptocurrency basics: - Cryptocurrency is a digital currency that can be used to buy goods and services or traded for profit. - Like other forms of currency, cryptocurrency has no inherent value, and prices fluctuate wildly. - Today there are thousands of existing cryptocurrencies, with new ones always coming and going. Bitcoin was the first and remains the most reliable. - Cryptocurrency is not a traditional “investment” any more than exchanging dollars for euros is. Unlike an investment, cryptocurrency has no interest or dividends, and it is possible to lose everything you put in if the price shrinks to zero. - Cryptocurrency is an unregulated sector with lots of uncertainty. Do your research and proceed with caution before “investing” in crypto. [Read More](   [Chia Launches Eco-Friendly Blockchain & New Digital Currency](  Highlights - Chia Reinvents Digital Money with Energy Efficient At-Home Farming Rewards - Chia Blockchain Full Node Count approximates 2,000 in the last 24 hours and exceeds 12,500 since Launch Chia Network Inc. (“Chia”) today introduced its revolutionary eco-friendly blockchain, its new digital currency known as “chia,” as well as a new breakthrough smart transaction on-chain programming language called “Chialisp”.  Chia’s blockchain is a global open-source decentralized network that operates a payment settlement system using chia, its native cryptocurrency. The Company expects its blockchain will be used in a range of transactions, including cross border payments, issuing financial assets, and stable coin issuance. Chia intends to sell software service and support for its open source blockchain and smart transaction software to governments, financial institutions, corporations, and large buyers and sellers of storage.  “We are very excited to launch Chia’s new blockchain and smart transaction platform which is easier to use, more energy efficient, and more secure than existing digital money alternatives. Improving upon Proof of Work’s shortcomings around centralization, electricity consumption and poor programmability, Chia’s blockchain has the potential to become the core of a new monetary architecture,” said Bram Cohen, Chia’s CEO. [Read More]( Connect with FeedBinary on Facebook and Twitter [Facebook]( [Twitter]( [Linkedin]( You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 Want to change how you receive these emails? [Update your preferences]( or [Unsubscribe](