Indian crypto exchange WazirX has reportedly paid over $6.6 million (49.2 crore rupees) following non-payment of Goods and Services Tax (GST) on trade commissions. The total recovery includes the pending tax of $5.43 million (40.5 crore rupees), the interest and a penalty for non-payment.
Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a major electricity theft crackdown following public complaints. “Police inspected 75 premises around the district and 30 of them were found to be carrying out illegal bitcoin mining activities and stealing electricity.”
As the year is coming to an end, crypto markets finish strong with a global $2.2 trillion valuation. This article looks at the top three cryptocurrencies gaining the most price today on CoinMarketCap, ordered by 24-hour price gain, lowest to highest.
The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed its Ontario users that they no longer have to close their accounts by year-end.
The development team behind Shiba Inu (SHIB) has announced that it will launch a DAO, according to a new blog post.
The co-founder of Twitch, Justin Kan launched a gaming-centric non-fungible token (NFT) marketplace called Fractal on December 30. Fractal’s focus is on NFTs with video game utility and the project launched an NFT collection called “Fractals,” a 100,000 unique snowflakes that give users benefits while using the primary and secondary NFT marketplace.
Today, Whale Alert has indicated several large XRP transactions as the crypto token remains under $1. At the time of writing, XRP maintained a 24-hour range of $0.83 and $0.86 on CoinGecko.