Category: Web3

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Russian gov’t approves new crypto taxation framework

Russia’s new crypto taxation law classifies digital currencies as property, exempts mining from VAT, and mandates detailed reporting, signaling a seismic shift in regulation. New Crypto Tax Law Marks a Shift in Russia’s Regulatory Approach On Wednesday, Russia’s Federation Council, the upper house of parliament, approved a government-backed bill that outlines a comprehensive crypto taxation […]
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WazirX Plans to Launch New Decentralized Exchange

Summary To resume trading on its platform, WazirX is implementing a Singapore scheme of arrangement. Zettai Pte Ltd, which manages WazirX’s crypto assets, is also launching a new decentralized exchange (DEX) to support recovery efforts. This scheme aims to provide liquidity and additional recovery options to WazirX users through rebalancing and tokenization. Hacked cryptocurrency exchange […]
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Indian Crypto Exchange Coindcx Acquires Dubai’s BitOasis

India’s CoinDCX has acquired the Dubai-based crypto trading platform BitOasis, aiming to broaden its reach into new markets. The Indian exchange previously invested in BitOasis in August 2023. Rapid Growth and Strategic Investments Since its inception in 2018, CoinDCX has grown to serve over 15 million users and offers more than 500 crypto assets, with […]
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UAE Leads in Global Crypto Adoption, Vietnam Second

Cryptocurrency adoption is accelerating worldwide, with significant growth in the UAE and Vietnam. Singapore, though a financial powerhouse, is slower to embrace digital currencies than its regional neighbors. New data from Triple-A shows notable differences in cryptocurrency engagement across various countries. Explore the latest statistics on global cryptocurrency adoption, with the UAE and Vietnam at […]
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Bitget and Foresight Launched $20M Fund For TON Ecosystem

Introduction of the $20 Million TON Ecosystem Fund VICTORIA, Seychelles, June 26, 2024 /PRNewswire/ — Bitget, the prominent cryptocurrency exchange and Web3 company, has announced a $20 million TON Ecosystem Fund in partnership with the Singapore-based investment firm Foresight Ventures. This fund aims to support early-stage projects building on The Open Network (TON). This strategic […]
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𝐆𝐨𝐨𝐠𝐥𝐞 𝐂𝐥𝐨𝐮𝐝’𝐬 𝐖𝐞𝐛𝟑 𝐏𝐨𝐫𝐭𝐚𝐥 𝐋𝐚𝐮𝐧𝐜𝐡 𝐒𝐩𝐚𝐫𝐤𝐬 𝐃𝐞𝐛𝐚𝐭𝐞 𝐢𝐧 𝐂𝐫𝐲𝐩𝐭𝐨 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Google Cloud has rolled out a new Web3 portal aimed at providing blockchain developers with resources such as data sets and tutorials on creating non-fungible tokens (NFTs). However, the reception from the cryptocurrency community has been varied. Phil Geiger, the vice president of product marketing at Unchained, expressed disappointment on April 25 via an X […]
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