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India’s largest cryptocurrency trading platform, WazirX, has been accused by the country’s authorities of tax evasion worth $5.4 million (40.5 crore rupees). On December 31, the Mumbai office of the goods and services tax (GST) authority said that it tracked down Rs 49.20 crore from WazirX in taxes and penalties after a series of investigations

WonderFi, a Vancouver-based and Canadian politician Kevin O’Leary-backed firm, announced the acquisition of First Ledger Corp., the parent company of Canadian cryptocurrency exchange Bitbuy with $206 million. First Ledger Corp is Toronto-based, its cryptocurrency platform Bitbuy is the first legally approved cryptocurrency exchange in Canada. As announced by The Ontario Securities Commission (OSC), the six encryption

Cryptocurrency miners in Kosovo are facing a temporary ban on crypto mining from the government to curb electricity consumption as the country faces a severe energy crisis. The country has reported seeing the worst energy crisis in a decade due to production outages. “All law enforcement agencies will stop the production of this activity in cooperation with other

Following a record 2021 where Venture Capital (VC) firms went on an investment spree, splashing massive capital on crypto, DeFi, and NFT-focused startups, the momentum is picking up again in the new year. The latest funding announcement came from Binance Labs, the VC arm of Binance cryptocurrency exchange, which said it backed Woo Network with

OpenSea, one of the top blockchain start-ups, has raised $300 million in new venture capital, bringing the total valuation to a staggering $13.3 billion in just four years after it was founded, according to The New York Times. The new round of funding was led by the investment firms Paradigm and Coatue Management. According to the

The 13 year anniversary of Bitcoin, created by Satoshi Nakamoto, and its strides on all fronts have positioned it as one of the most valuable assets in the world nowadays. When Bitcoin’s price was trading at its All-Time High (ATH) above $68,700 as of November last year, the cryptocurrency was ranked by Companiesmarketcap as the 6th

The People’s Bank of China (PBoC) has extended its pilot tests for the country’s Central Bank Digital Currency (CBDC) or digital Yuan to launch a new mobile wallet.  As reported by Reuters Tuesday, the new wallet is available to a select few as it is still in the experimental or research and development phase. The new mobile