India’s Central Board of Direct Taxes (CBDT) is planning on levying a 20% tax on interest earned from investing in decentralized finance (DeFi). Local news agency, the Economic Times, reported the dev...
Tag: Plans
Oil jumps 4% amid EU plans to ban Russian oil
Oil prices are up on Wednesday morning as the market reacts to the European Union (EU)’s latest plans on Russian oil. Since the start of the Ukraine-Russia war, one of the main uncertainties (amid tou...
Retoken Announces Plans to Revolutionize Business Referral Systems
Retoken has unveiled its plans to revolutionize how businesses and individuals benefit from the manufacturer-buyer process. Using incentives, Retoken will attract sellers and consumers working in the ...
Musk Reportedly Plans To Take Twitter Public A Few Years After Acquisition
Topline Elon Musk has told investors he’s wooing to fund his $44 billion deal to take Twitter private that they may be able to cash out in as few as three years through a public stock offering, the Wa...
Hester Peirce Knocks SEC’s Plans to Add to Crypto Enforcement Staff
Earlier on Tuesday, the SEC announced plans to increase the headcount in its newly named Crypto Assets and Cyber Unit, which was previously known as the Cyber Unit, to 50 from the current 30. The agen...
Elon Musk keeps investors in dark about Tesla stock split plans after missing SEC deadline
Tesla left its devoted following of retail investors in the lurch over plans for an upcoming stock split after missing a key regulatory deadline. In late March, the company said its board would seek s...
a16z Plans New $500 Million Investment Round in India
Andreessen Horowitz (a16z) has launched another round of investment in India, one year after co-leading a $260 million investment in crypto exchange CoinSwitch Kuber. TechCrunch reported that the vent...
Facebook Billionaire Eduardo Saverin’s B Capital Halts SPAC Plans Amid Market Volatility
B Capital—an investment firm led by Facebook cofounder Eduardo Saverin and former Bain Capital executive Raj Ganguly—won’t pursue an earlier plan to launch a special purpose acquisition company (SPAC)...
Supreme Court Reportedly Plans To Overturn Roe V. Wade, According To Leaked Draft Opinion
Topline Members of the Supreme Court have agreed to overturn the 1973 Roe v. Wade decision, which guaranteed abortion rights nationwide, according to an apparently leaked draft opinion obtained by Pol...
Stellantis plans $2.8 billion EV overhaul of Canadian factories
Flag with the Stellantis logo on the front entrance to FCA’s Mirafiori plant on January 18, 2021 in Turin, Italy. Stefano Guidi | Getty Images Auto giant Stellantis will invest about $2.8 billio...
Three Arrows Capital plans to move headquarters to Dubai from Singapore: reports
Singapore-based crypto hedge fund Three Arrows Capital is planning to move its headquarters to Dubai, according to media reports. The move comes as Dubai opens to crypto firms while Singapore has been...
Facebook Billionaire Eduardo Saverin’s B Capital Abandons SPAC Plans Amid Market Volatility
B Capital—an investment firm led by Facebook cofounder Eduardo Saverin and former Bain Capital executive Raj Ganguly—won’t pursue an earlier plan to launch a special purpose acquisition company (SPAC)...
Labor Department has ‘grave concerns’ over Fidelity’s 401(k) bitcoin plans
The US Labor Department will discuss concerns with Fidelity Investments over its decision to allow retirement savers to include bitcoin in their portfolios. On Tuesday, Fidelity said it would allow cl...
U.S. Department of Labor Expresses ‘Grave Concerns’ Over Fidelity’s Proposed Bitcoin 401(k) Plans: Report
The U.S. Department of Labor (DOL) is reportedly having “grave concerns” about Fidelity Investments’ recent decision to launch Bitcoin (BTC) 401(k) plans. In a new Wall Street Journal (WSJ) interview,...
Samsung Asset Management announces plans for a blockchain ETF
Samsung Asset Management has announced plans to list an exchange-traded fund (ETF) focused on blockchain. Samsung Asset Management is the largest asset management firm in Korea. Samsung Asset Manageme...
Central African Republic Didn’t Share Bitcoin Adoption Plans With Central Bank: Report
In brief The Bank of Central African States said it had not been notified of the Central African Republic’s plan to make Bitcoin legal tender. The former prime minister is also skeptical of the ...
Walmart-owned Indian e-commerce giant Flipkart plans web3 expansion
Flipkart, an Indian e-commerce company majority-owned by world’s largest retailer Walmart, plans to enter the web3 industry with its new innovation unit Flipkart Labs, which was launched today. ...
Swiss National Bank Says It Has No Plans to Add Bitcoin As A Reserve Currency
Despite the growing macroeconomic uncertainty, Bitcoin (BTC) still doesn’t have enough acceptance as the world’s reserve currency. The Swiss National Bank (SNB) has denied any plans of buying and hold...
‘Grave Concerns’ Over Fidelity’s Bitcoin Pension Plans
The proposal by Fidelity Investments to let clients put bitcoin into their 401(k) plans poses a danger to the financial security of Americans, the Department of Labor has said. “We have grave concerns...
Panama Follows El Salvador as it Plans to Adopt Bitcoin and other crypto like XDC Network as Legal Tender
Cryptocurrency adoption throughout the world is growing quickly. Panama follows in the footsteps of other Central American countries like El Salvador, Lugano, and Honduras Prospera. Bitcoin (BTC) and ...
Grayscale Investments Plans European Expansion – Featured Bitcoin News
Grayscale Investments, the world’s largest digital asset manager, is expanding into Europe. “We’re going to be very thoughtful, very methodical about each of the financial centers and financial hubs t...
Singapore fintech Nium plans aggressive expansion in Europe
Europe’s fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks. Oscar Wong | Moment | Getty Ima...
Ethereum Scaling Project Optimism Launches DAO, Plans to Airdrop OP Token
Optimism PBC, the company behind the eponymously named Ethereum scaling protocol, today announced that it has created its own DAO—known as the Optimism Collective—and will be airdropping OP tokens to ...
MicroStrategy to Offer Employees Bitcoin Retirement Plans
Bitcoin evangelist and MicroStrategy CEO Michael Saylor today said his company will offer employees access to Bitcoin retirement plans. MicroStrategy employees will be able to invest in the biggest cr...
How The Fashion Industry Plans To Utilize TV More For Marketing
NEW YORK, NY – MAY 10: Rihanna launches global lingerie brand, Savage X Fenty at Villain on May 10, … [+] 2018 in New York City. (Photo by Kevin Mazur/Getty Images for Savage X Fenty) Gett...