Cryptocurrency

Crypto platform Leap raises $3.2 mn in funding from CoinFund, Pan

Crypto platform Leap has raised $3.2 million in a funding round co-led by blockchain-focused investment firm CoinFund and Pantera Capital. The private share sale also saw participation from Arrington Capital, Accel and Terraform Labs. Leap is a non-custodial Terra wallet offering access to dApps, staking, DeFi, NFTs, and more on one platform. The company said…

Top headlines: Income in US on I-T radar, Sri Lanka cabinet resig

The Central Board of Direct Taxes (CBDT) has rolled out an aggressive target and timeline to investigate tax evasion matters, especially those involving undisclosed foreign assets. The Cabinet in Sri Lanka has resigned succumbing to pressure from protests over the country’s economic crisis. Scroll further down for more on these and other top stories this…

The 1% tax that has India’s cryptocurrency industry predict

When India’s government unveiled a plan to tax crypto assets in February, it was the 30% rate on income from digital-asset investments that grabbed headlines. But it’s a different levy that has the industry warning of a potentially destabilizing liquidity crunch. Along with the capital gains charge, the finance ministry announced a 1% tax deductible…

Hacker steals $625 mn in crypto from Blockchain platform Ronin

In one of the largest decentralised finance (DeFi) breaches yet, a hacker has stolen cryptocurrencies worth $625 million from Ronin, a Blockchain platform behind popular non-fungible token (NFT) game Axie Infinity. The Blockchain platform and Axie Infinity operator Sky Mavis admitted the security breach, saying that 173,600 Ethereum and 25.5M USDC (a cryptocurrency pegged to…