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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.
Share link:In this post: Crypto sleuth, ZachXBT, sounded the alarm on BlockDAG, tagging it a “fake project.” Many analysts have pointed out issues and warned people to stay away despite BlockDAG undergoing multiple security audits. ZachXBT claims he spoke up as Lbank prepares to list the BDAG token because people who lost funds tagged him.