News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Share link:In this post: India’s tax authority, the CBDT, has asked crypto platforms for input on the country’s new VDA law. Key issues include the 30% flat tax on crypto gains, the 1% TDS on every transaction, the inability to offset losses, and banks’ reluctance to support crypto-related accounts. India is exploring a comprehensive law and global alignment under the OECD’s crypto-asset reporting framework.
Share link:In this post: • Digital ruble to bring Russia’s economy $3 billion annually. • Economic effect for Russian firms estimated at $600 million a year. • Analysts warn about losses for the country’s banking system and security risks.
Share link:In this post: Google increased its stake in TeraWulf from 8% to 14% with $3.2 billion in total backing. TeraWulf signed two 10-year AI compute deals with Fluidstack for over 360 MW capacity. The Fluidstack contracts are worth $6.7 billion and could rise to $16 billion with extensions.
Share link:In this post: Roger Ver was targeted in a failed $30 million scheme to secure a Trump pardon using fake political connections. Matt Argall and Brock Pierce pitched the deal, demanding $10 million upfront and $20 million after success. The White House denied knowing about the plan, and no payments were made, according to Ver’s lawyer.
- 03:17Project Hunt: Self-custody banking and payment infrastructure Tria is the project with the most new Top follower growth in the past 7 daysAccording to ChainCatcher, data tracked by the Web3 asset data platform RootData X shows that in the past 7 days, the self-custody new banking and payment infrastructure project Tria has gained the most new followers among X (Twitter) top influencers. Influential X figures who have recently followed this project include Zeneca (@Zeneca), cryptocurrency analyst Phyrex (@Phyrex_Ni), and crypto KOL Wolfy (@Wolfy_XBT).
- 03:01KITE AI announces tokenomics: total supply of 10 billions tokens, with 48% allocated to ecosystem and communityOn October 31, according to disclosures from the KITE Foundation, the foundation has released the tokenomics plan for KITE AI. The total supply of KITE tokens is 10 billions. The allocation plan is as follows: Ecosystem and community account for 48%; Kite Module accounts for 20%; Team, advisors, and early contributors account for 20%; Investors account for 12%.
- 03:01The U.S. Senate Agriculture Committee is set to release the draft of the "Crypto Market Structure Bill" regarding commodity regulation.According to a report by Jinse Finance, crypto journalist Eleanor Terrett stated that the U.S. Senate Agriculture Committee is about to release the long-awaited bipartisan draft, which concerns the commodity regulation section of the cryptocurrency market structure bill. According to multiple sources, the committee may take action as early as tomorrow, though some sources indicate that final preparations could delay the release until next week. The imminent release of this draft, along with the Banking Committee's resumption of bipartisan staff negotiations, suggests that work related to market structure has restarted following last week's industry roundtable.