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…
Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from U.S. cryptocurrency exchange Gemini. The survey of nearly 30,000 people across 20 countries, which was conducted between November 2021 and February 2022, shows 2021…
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…
When talking about expensive lifestyle purchases for an average Joe, weddings, housing, and education costs are a significant part of the equation. While we will talk about education and weddings in another post, this article is about all the reasons taking out a home mortgage from credit unions could be a better reason than buying…
Hackers stole about $600 million from a blockchain network connected to the popular Axie Infinity online game in one of the biggest crypto attacks to date. Computers known as nodes operated by Axie Infinity maker Sky Mavis and the Axie DAO that support a so-called bridge — software that lets people convert tokens into ones…
As an employer, aside from paying your employees their salary and wages, part of your managerial responsibility also includes deducting and paying your employees’ pay-as-you-earn (PAYE) tax on their behalf. While this has been the standard for companies employing full-time and regular staff, the process for hiring independent contractors, freelancers, and self-employed individuals may be…
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…
As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2-trillion barrier and is proving surprisingly resilient amid global chaos. At Monday’s high of $47,765, market leader bitcoin broke above the narrow $34,000-$44,000 range it’s traded in for most of 2022. Through…
Bitcoin on Tuesday held ground just below its highest this year, touched a day earlier, with gains for the original cryptocurrency topping 27% since Russia’s invasion of Ukraine. Bitcoin hit $48,234 on Monday evening, its highest since Dec. 31. It was last trading up 0.9% at $47,553. Its gains lifted smaller cryptocurrencies that tend to…
As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2 trillion barrier and is proving surprisingly resilient amid global chaos. At Monday’s high of $47,765, market leader Bitcoin broke above the narrow $34,000-$44,000 range it’s traded in for most of 2022….
