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“# Indian taxman recovers $6.62M from WazirX for evading tax on commission ” Indian crypto exchange WazirX has reportedly paid over $6.6 million (49.2 crore rupees) following non-payment of Goods and Services Tax (GST) on trade commissions. The total recovery includes the pending tax of $5.43 million (40.5 crore rupees), the interest and a penalty…
“#Disney’s Bob Iger bids farewell ahead of exit” Outgoing Disney executive chairman Bob Iger penned a farewell post on social media Friday as he formally exits the company that he helped to build into a global entertainment powerhouse. Iger, 70, is set to retire when his contract expires at the end of the year after…
“# Going meta: Paris Hilton, Times Square, and ETFs ” Following the announcement that Facebook’s parent company would be rebranding in a shift towards the Metaverse, many projects have started similar initiatives entering the virtual space, from buying property to testing the limits of what this universe has to offer. Virtual ball drop on NYE…
“# Centralized systems are here to stay, says Binance CEO CZ ” The Chinese-Canadian business executive’s standout message was that centralized exchanges like Binance would remain relevant in 2022 and beyond. Riposting to a loaded tweet about centralized finance’s dark side as well as the future of decentralized finance, CZ said, “Today, we still need…
“# Valereum acquires Gibraltar-based Juno to expand on crypto-fiat bridge ” Gibraltar-based tech group Valereum Blockchain announced the acquisition of Juno Group, a company that aids in the establishment and administration of trusts, money management and enterprise creation in Gibraltar. Juno is a company that Valereum describes as having three areas of licensed operation: the management of…
“# Eth2’s Rocket Pool reaches $350M TVL and 635 node operators in five weeks ” Rocket Pool, a decentralized Ethereum 2.0 staking platform has surpassed $350 million worth of total value locked (TVL) within five weeks of its official launch. The project aims to remove the barriers to entry for Eth2 stakers and node operators….
“# Crypto Biz: The blockchain revolution will cast aside the skeptics, Dec. 23-30 ” From a price perspective, the cryptocurrency market is ending 2021 with a whimper as Bitcoin (BTC), Ether (ETH) and other digital assets continue to trade well below their prior peaks. But the business of blockchain and crypto is heating up, as…
“# Kevin O’Leary says his crypto holdings could reach 20% of portfolio ” Shark Tank celebrity Kevin O’Leary, also known as Mr. Wonderful, says he would be ready to increase his crypto allocations up to 20% as soon as there are clearer regulations around stablecoins. O’Leary, a former Bitcoin (BTC) skeptic, is now a vocal…
“# Binance to finalize acquisition of Swipe, paving for CEO exit ” Binance, the world’s largest cryptocurrency exchange, announced Thursday that it will acquire the remaining outstanding shares of Swipe, a prominent crypto Visa card provider. Users of Binance will be able to spend their coins at over 70 million locations worldwide as a result…
“# MicroStrategy purchases 1,914 Bitcoin, now holds almost $6B in crypto ” Business intelligence firm MicroStrategy has added $94 million worth of Bitcoin (BTC) to its holdings after purchasing the crypto asset at an average price of $49,229. According to a Thursday filing with the U.S. Securities and Exchange Commission, MicroStrategy purchased 1,914 BTC between Dec. 9…