On Saturday, Central Goods and Services Tax (CGST) Mumbai Zone detected massive evasion of around 700 million rupees during the crackdown on cryptocurrency service provider – WazirX. A local media report has confirmed that major cryptocurrency service providers are under investigation in India on suspicion of possible tax evasion. According to NTDV, the director-general GST…

The British overseas territory, Gibraltar, that was once perceived as a tax haven, might be making The British overseas territory, Gibraltar, that was once perceived as a tax haven, might be making history soon by becoming the world’s first global hub for cryptocurrency trading. According to The Guardian, the territory is reviewing a proposal to…

Over $7.7 billion was stolen in crypto scams worldwide in 2021, or an 81% rise compared to 2020, the Chainalysis report said. Including rug pulls in the DeFi ecosystem accounted for over $2.8 billion stolen, or 37% of all cryptocurrency scam revenue, compared to 1% the year before. According to a new report by blockchain…

ProShares, the first US-based company to launch a Bitcoin ETF, is now planning to launch an exclusive Metaverse ETF. ProShares Metaverse ETF will track the performance of the Solactive Metaverse Theme Index, which includes prominent tech firms such as Apple and Nvidia.   On Tuesday, ProShares filed with the US Securities and Exchange Commission (SEC)…

Breaking crypto news from the last week (Dec. 25 – 31, 2021):   Dec. 25: During the 2021 Paris Auction House event, Vodafone sold the world’s first SMS as an NFT for €132,680 (or $149,729). Vodafone proceeded the entire amount for charity to support the UN Refugee Agency (UNHCR).   Dec. 26: Simba Storage, the…

Binance, the world’s biggest crypto exchange, revealed Thursday that it will gain the excess extraordinary shares of Swipe, a prominent crypto Visa card supplier. As a result, users of Binance will obtain the ability to spend their coins in more than 70 million areas worldwide.   On July 6, 2020, Binance initially reported acquiring a…

Simba Storage, the first token in the world released for Satoshi Bitcoin, receives a crypto storage license from DMCC, the UAE’s free economic zone. The project is a partner of TRES OTC DMCC, which received the first cryptocurrency trading license in Dubai. Following in the footsteps of a partner company, Simba Storage, based in Switzerland,…

Iran, for the second time this year, ordered a shutdown of authorized cryptocurrency mining centers as part of efforts to ease the strain on the country’s power plants and avoid blackouts, according to Mostafa Rajabi Mashhadi, director of the state-run Iran Grid Management Co. and a spokesman for Iran’s power industry. This is part of…

Tech billionaire Elon Musk has unveiled the identity of the person who he believes is the mysterious Satoshi Nakamoto, the creator of Bitcoin. Speaking on the Lex Fridman podcast, the entrepreneur said that computer scientist and cryptographer Nick Szabo might have developed the cryptocurrency. Musk said that Szabo’s theories, particularly the term “smart contacts” and…

While 2021 surely saw a few regulatory setbacks, some governments delivered masterclasses in forward-looking crypto regulation. Helen Partz collected some prominent cases on Cointelegraph.   As digital asset prices had been hitting new historical highs in 2021, many jurisdictions were increasingly adopting cryptocurrencies like Bitcoin (BTC) and other crypto-based instruments. In addition to Bitcoin crossing…