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Share link:In this post: India’s tax authority, the CBDT, has asked crypto platforms for input on the country’s new VDA law. Key issues include the 30% flat tax on crypto gains, the 1% TDS on every transaction, the inability to offset losses, and banks’ reluctance to support crypto-related accounts. India is exploring a comprehensive law and global alignment under the OECD’s crypto-asset reporting framework.
Share link:In this post: • Digital ruble to bring Russia’s economy $3 billion annually. • Economic effect for Russian firms estimated at $600 million a year. • Analysts warn about losses for the country’s banking system and security risks.
Share link:In this post: Google increased its stake in TeraWulf from 8% to 14% with $3.2 billion in total backing. TeraWulf signed two 10-year AI compute deals with Fluidstack for over 360 MW capacity. The Fluidstack contracts are worth $6.7 billion and could rise to $16 billion with extensions.
Share link:In this post: Roger Ver was targeted in a failed $30 million scheme to secure a Trump pardon using fake political connections. Matt Argall and Brock Pierce pitched the deal, demanding $10 million upfront and $20 million after success. The White House denied knowing about the plan, and no payments were made, according to Ver’s lawyer.
- 23:23Ethereum developers officially set the target date for the Fusaka upgrade as December 3.ChainCatcher news, according to The Block, Ethereum Foundation researchers have officially finalized the mainnet hard fork date for Ethereum's next major upgrade, Fusaka, just two days after the final testnet deployment. During Thursday's All Core Developers call, Ethereum Foundation researchers stated that Fusaka will officially go live on December 3. The backward-compatible Fusaka hard fork will implement around a dozen Ethereum Improvement Proposals, aiming to enhance the sustainability, security, and scalability of the base chain and surrounding Layer 2 ecosystem. Notably, Fusaka will introduce PeerDAS technology, providing validators with a more efficient way to access data. PeerDAS was originally planned to be included in Ethereum's previous major upgrade, Pectra, in February this year, but was postponed due to testing requirements. In addition, Fusaka will increase Ethereum's block gas limit from 30 million units to 150 million units, and is expected to quickly double blob capacity.
- 23:14An address holding over 26,116,654 USDT on the Ethereum chain has been frozen.According to ChainCatcher, monitored by Whale Alert, an address on the Ethereum chain with a balance of 26,116,654 USDT (worth $26,155,829) has just been frozen.
- 23:08Jump Crypto transferred $205 million worth of SOL to Galaxy Digital early this morning and received 2,455 BTCAccording to ChainCatcher, monitored by Lookonchain, Jump Crypto transferred 1,100,000 unlocked SOL (worth $205 million) to Galaxy Digital in the early hours today and received 2,455 BTC (worth $265 million) in exchange.