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Binance Hit With $87 Million Tax Bill in India


Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed that Binance earned...

South African Crypto Asset Marketplace Initiates $1.64 Million Capital Raise


The South African decentralized cross-asset marketplace Mesh.trade has facilitated a $1.64 million (ZAR30 million) capital raise for a reverse mortgage provider. The capital raise allows the provider to offer homeowners the potential for lucrative returns while they remain in their homes. Regulated...

Whatsapp Warns It May Leave Nigeria Over Order to Pay a $220 Million Fine


Whatsapp, the social media platform owned by Meta Inc., has stated that it would be impossible to comply with additional demands from Nigeria’s consumer protection agency. The social media platform argues that the Nigerian agency’s order compelling it to pay a $220 million fine contains multiple...

Nintendo Plans To Sell Over 10 Million More Switches But No One Knows How


The Switch is in its eighth year. That’s longer than any Nintendo system has gone without getting a successor. But the company is still bullish on the hybrid console’s future even as fans wait to hear about a Switch 2 as soon as this September. Nintendo is planning to sell over 12 million...

Polymarket $3.8 Million Venezuelan Presidential Election Bet Still Undecided


Polymarket, the cryptocurrency-based prediction markets platform, has not been able to resolve the bet on the outcome of the Venezuelan presidential election. While the country’s electoral authority, the Electoral National Council (CNE), proclaimed President Nicolas Maduro as the winner,...

MicroStrategy Adds 169 Bitcoin Worth $11.4 Million in July 2024


MicroStrategy Incorporated (NASDAQ: MSTR) has revealed its Q2 2024 financial report, which states the company saw a substantial increase in its Bitcoin holdings. This quarter, the company has acquired a significant amount of Bitcoins, reflecting 12,222 in total and averaging $65,882 per bitcoin...

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