Breaking: Binance Refuses to Bailout Failed Crypto Projects
After cryptocurrency exchange FTX extended a helping hand to troubled crypto lender BlockFi and Voyager, there have been rumors that Binance might announce some bailouts too considering its healthy cash reserves. However, Binance has finally broken the silence and clarified the entire thing.
š„Just In: Singapore Regulator To Adopt āBrutalā Approach Towards Crypto
Considered the tax haven for cryptocurrencies, Singapore has now decided to harden its stance on the trade of digital assets. The Monetary Authority of Singapore (MAS) aims to opt a brutal approach.
š„India Clarifies On Crypto Tax, Smart Move or More Burden?
In a detailed guideline, the Ministry Of Finance provided further details on the 1% TDS applicable to the transfer of cryptocurrencies. The rule will apply to all considerations which exceed Rs. 50,000 in value for certain specified persons and Rs.10,000 for others.
š„Celsius Withdraws ETH Positions From Bancor, Hereās Why
Crypto lender Celsius paused withdrawals, swaps, and transfers between accounts earlier this week due to liquidity risks. According to blockchain security PeckShield, Celsius has started withdrawing its Ethereum (ETH) positions in the DeFi protocol Bancor after the firm disabled the Impermanent Loss Protection to protect liquidity providers.
š„Indiaās 28% Crypto Tax Draws Nearer, Hereās Why
Indiaās GovernmentĀ is set to discuss the levying of a goods and services tax (GST) on crypto transactions next week, reports said on Thursday.According to a report by Bloomberg, the panel intends to broaden the scope of GST to bring digital assets under its fold.
š„Alameda Research Moves $370 Mln To FTX, More Bailouts Incoming?
Crypto broker Alameda Research, which is owned by FTX founder Sam Bankman-Fried, was seen transferring nearly $370 million to the exchange this week.On-chain data firm PeckShield flagged a series of transactions between Alameda and FTX, where the broker moved several tokens, including BUSD, USDC and ETH to the exchangeās wallet.
šArbiSmart Price Analysis: RBIS Retests Multi-month Support; Buy this Dip?
The ArbiSmart platform provides its users with multiple crypto-financial services and allows them to easily manage their portfolios as they earn a steady stream of passive income. Their services include an interest-bearing wallet, an exchange, and an automated crypto arbitrage platform. The native token of the ArbiSmart ecosystem is RBIS.