How much time does it take to implement one transaction across different blockchains? Sometimes it may take up to 20 minutes, since it requires using numerous bridges, implementing several swaps and paying multiple fees. But now, you can transfer your assets between several blockchains in one click and with the best rates - on Rubic! It’s a Multi-Chain Swap Protocol, with 10,000+ assets to swap between 7 blockchains.
Rubic has been on the market for more than one year, and the project itself earned trust among the crypto community. The long-awaited $RBC staking with an APY of about 80% is coming on December 23rd. The rewards come from the commissions of Multi-Chain trading: for every Multi-Chain Swap, a 0.6% fee is charged by Rubic, and 0.5% of that is distributed to your share of staking.
The max deposit amount for a single staking user is 100k RBC, while the max depositable amount for the entire campaign itself is 7M RBC total.
Join the Rubic TG group to follow updates on Staking, and to be among the first to hear the latest news!
And here is the Rubic announcement channel.
Rubic has been on the market for more than one year, and the project itself earned trust among the crypto community. The long-awaited $RBC staking with an APY of about 80% is coming on December 23rd. The rewards come from the commissions of Multi-Chain trading: for every Multi-Chain Swap, a 0.6% fee is charged by Rubic, and 0.5% of that is distributed to your share of staking.
The max deposit amount for a single staking user is 100k RBC, while the max depositable amount for the entire campaign itself is 7M RBC total.
Join the Rubic TG group to follow updates on Staking, and to be among the first to hear the latest news!
And here is the Rubic announcement channel.
We are happy to announce that TEFI Staking v1 is live!
@TedefiBot - 🔹First Trading Bot with own chart and staking 🔹TEFI Token inside Telegram🔥
APR - 512% + Staking Inside Telegram based on Binance Chain 🔸🔸🔸
Expected Price after Staking at the end of December: ~$0.5$ + 495% 🔥
220.000+ Users Traders Behind 🔹Tedefi Network Exchange
Tedefi allocated 11,284,000 🔹TEFI to reward our users for staking their tokens
therefore allowing the value of TEFI to grow, attracting new people to the Tedefi platform.
📠Tedefi Information
🔹Token Symbol: TEFI
🔹Network: BSC
🔹Circulating Supply: 45,050,000 TEFI
🔹TEFI Token keeping value in the middle of a huge market correction
🔸Instant Withdrawals inside Tedefi Exchange
🟢 Telegram bot : @TedefiBot - Staking Inside
🟢 Website : Tedefi.com
🟢 Staking Guide: https://tedefi.gitbook.io/tefi-staking-guide/
To incentivize the long-term support from our community on our road to developing the first Blockchain for Telegram dApps
Tedefi allocated 11,284,000 🔹TEFI to reward our users for staking their tokens
therefore allowing the value of TEFI to grow, attracting new people to the Tedefi platform.
@TedefiBot - First Trading Bot with own chart and staking 🔹TEFI Token inside Telegram🐋
@TedefiBot - 🔹First Trading Bot with own chart and staking 🔹TEFI Token inside Telegram🔥
APR - 512% + Staking Inside Telegram based on Binance Chain 🔸🔸🔸
Expected Price after Staking at the end of December: ~$0.5$ + 495% 🔥
220.000+ Users Traders Behind 🔹Tedefi Network Exchange
Tedefi allocated 11,284,000 🔹TEFI to reward our users for staking their tokens
therefore allowing the value of TEFI to grow, attracting new people to the Tedefi platform.
📠Tedefi Information
🔹Token Symbol: TEFI
🔹Network: BSC
🔹Circulating Supply: 45,050,000 TEFI
🔹TEFI Token keeping value in the middle of a huge market correction
🔸Instant Withdrawals inside Tedefi Exchange
🟢 Telegram bot : @TedefiBot - Staking Inside
🟢 Website : Tedefi.com
🟢 Staking Guide: https://tedefi.gitbook.io/tefi-staking-guide/
To incentivize the long-term support from our community on our road to developing the first Blockchain for Telegram dApps
Tedefi allocated 11,284,000 🔹TEFI to reward our users for staking their tokens
therefore allowing the value of TEFI to grow, attracting new people to the Tedefi platform.
@TedefiBot - First Trading Bot with own chart and staking 🔹TEFI Token inside Telegram🐋
@babiesofgods (BOG) is building a strong community and we are looking to expand even further. Their team is mentored by the artist who has worked with Disney, including an executive member with Netflix experience.🔥
Join discord ➡️ https://discord.gg/eDgbGMAaY3
BOG holders will be immensely rewarded 💰with many giveaways every day.
🚀 BOG is rewarding $500k in ETH to BOG NFT holders.
🚀 BOG is all set for Education University in the Metaverse.
🚀 BOG will fund your startup ideas, giving wings to your dreams.
🚀 BOG will grow up into stunning and supreme 3D versions in the second phase of the project, thus unleashing terrific and gigantic utility options for bog holders.
🚀 A special reward related to Space will be unlocked once BOG reaches 100k Discord members.
Join our discord to join our whitelist before it runs out ➡️ https://discord.gg/eDgbGMAaY3
Join discord ➡️ https://discord.gg/eDgbGMAaY3
BOG holders will be immensely rewarded 💰with many giveaways every day.
🚀 BOG is rewarding $500k in ETH to BOG NFT holders.
🚀 BOG is all set for Education University in the Metaverse.
🚀 BOG will fund your startup ideas, giving wings to your dreams.
🚀 BOG will grow up into stunning and supreme 3D versions in the second phase of the project, thus unleashing terrific and gigantic utility options for bog holders.
🚀 A special reward related to Space will be unlocked once BOG reaches 100k Discord members.
Join our discord to join our whitelist before it runs out ➡️ https://discord.gg/eDgbGMAaY3
Discord
Join the Babies OF Gods Discord Server!
Check out the Babies OF Gods community on Discord - hang out with 10976 other members and enjoy free voice and text chat.
China’s state-run news agency to launch NFT collection.
Despite central bank officials’ call for heavy monitoring, Chinese state-run news agency Xinhua is launching an NFT collection.
In an announcement made on Wednesday, China’s official Xinhua News Agency will issue its first series of nonfungible token (NFT) collectibles. The move is a thumbs up to blockchain technology previously shunned by the People’s Republic of China (PRC). In an official notice, Xinhua plans to publish 10,000 copies of 11 photos taken by journalists in 2021.
The stride into NFTs is puzzling in light of recent events in the world’s second-largest economy. Following a nationwide crypto crackdown where Bitcoin (BTC) and Ether (ETH) mining was banned, China has recently taken aim at NFTs and metaverses and proposed that they should be heavily monitored. Despite the anti-crypto sentiment, tech giants Tencent and Huawei were not discouraged from pursuing trademarks in the metaverse.
Elsewhere, in early December, as part of a broader anti-crypto crackdown, some websites in Beijing, including ChainNews, went offline. Chinese crypto media kept a low profile on their websites and instead focused on growing communities on Twitter and Telegram.
Curiously, however, it’s not the country’s first move into NFTs. During the “DeFi Summer 2.0,” The South China Morning Post created a series of NFTs using a new token standard called “ARTIFACT,” which is designed to preserve historical assets on the blockchain. However, it’s important to note that the SCMP is based in Hong Kong. As a result, the paper benefits from higher levels of autonomy as well as the executive, legislative and independent judicial power for which Hong Kong is known.
Hong Kong is no stranger to blockchain technology or minting NFTs. In June this year, pro-Hong Kong activists managed to archive articles from the Hong Kong pro-democracy newspaper onto the blockchain. More than 4,000 Apple Daily articles were uploaded to ARWeave, a popular blockchain storage platform backed by Andreessen Horowitz.
Despite central bank officials’ call for heavy monitoring, Chinese state-run news agency Xinhua is launching an NFT collection.
In an announcement made on Wednesday, China’s official Xinhua News Agency will issue its first series of nonfungible token (NFT) collectibles. The move is a thumbs up to blockchain technology previously shunned by the People’s Republic of China (PRC). In an official notice, Xinhua plans to publish 10,000 copies of 11 photos taken by journalists in 2021.
The stride into NFTs is puzzling in light of recent events in the world’s second-largest economy. Following a nationwide crypto crackdown where Bitcoin (BTC) and Ether (ETH) mining was banned, China has recently taken aim at NFTs and metaverses and proposed that they should be heavily monitored. Despite the anti-crypto sentiment, tech giants Tencent and Huawei were not discouraged from pursuing trademarks in the metaverse.
Elsewhere, in early December, as part of a broader anti-crypto crackdown, some websites in Beijing, including ChainNews, went offline. Chinese crypto media kept a low profile on their websites and instead focused on growing communities on Twitter and Telegram.
Curiously, however, it’s not the country’s first move into NFTs. During the “DeFi Summer 2.0,” The South China Morning Post created a series of NFTs using a new token standard called “ARTIFACT,” which is designed to preserve historical assets on the blockchain. However, it’s important to note that the SCMP is based in Hong Kong. As a result, the paper benefits from higher levels of autonomy as well as the executive, legislative and independent judicial power for which Hong Kong is known.
Hong Kong is no stranger to blockchain technology or minting NFTs. In June this year, pro-Hong Kong activists managed to archive articles from the Hong Kong pro-democracy newspaper onto the blockchain. More than 4,000 Apple Daily articles were uploaded to ARWeave, a popular blockchain storage platform backed by Andreessen Horowitz.
🎁 Daamn ! 51 600$ GIVEAWAY
🎅 We will offer 860$ / day to 10 persons during the 6 days.
❤️ Thanks to our best community
💎 300k $ Marketing not started yet so u are very early
Rules 🔒 :
- Join our discord : https://discord.gg/Sm8CT8wxPC
- Check 8600-per-day channel
📣 Let’s go make some noise
🎅 We will offer 860$ / day to 10 persons during the 6 days.
❤️ Thanks to our best community
💎 300k $ Marketing not started yet so u are very early
Rules 🔒 :
- Join our discord : https://discord.gg/Sm8CT8wxPC
- Check 8600-per-day channel
📣 Let’s go make some noise
Baidu metaverse app would take 6 years for a full launch, VP says.
Baidu’s metaverse app will not support digital currencies or NFTs despite its focus on digital infrastructure, VP said.
The Chinese internet giant Baidu doesn’t expect to fully launch its XiRang metaverse app soon despite the app’s initial would debut on Monday, according to a senior executive.
Baidu vice president Ma Jie believes that it is still “negative six” years to full XiRang’s launch, CNBC reported on Thursday. He noted that the development of the app started in December 2020.
Ma spoke of “Create 2021,” Baidu’s upcoming annual developers’ event, which the company promotes as the first Chinese conference to be hosted in a metaverse space through XiRang. The app will reportedly handle up to 100,000 virtual members interacting with each other using metaverse avatars at the three-day conference starting on Monday.
The exec noted that Baidu intends to create an open-source platform targeting metaverse developers, providing a building infrastructure in the virtual world.
Despite focusing on digital infrastructure, Baidu's metaverse app will not support digital currencies or trading assets related to virtual property, Ma said. That is despite XiRang using underlying technologies that are similar to blockchain, he added. The plan goes in line with China's renewed ban on cryptocurrencies announced in September 2021.
One of the biggest internet search engine companies in China, Baidu officially joined the metaverse industry by applying for a trademark "metapp" in October 2021. The firm then released its first metaverse app XiRang, translated as the "Land of Hope," with some of the first XiRang's virtual apparently becoming available for users as of early November.
Baidu is not the only company in China to aggressively develop metaverse technology as local giants like Tencent and Alibaba have been working on their metaverse-related projects. In early November, the China Institutes of Contemporary International Relations, a think tank affiliated with China’s Ministry of State Security, officially warned about national security risks of the Metaverse, citing potential political and social issues.
Baidu’s metaverse app will not support digital currencies or NFTs despite its focus on digital infrastructure, VP said.
The Chinese internet giant Baidu doesn’t expect to fully launch its XiRang metaverse app soon despite the app’s initial would debut on Monday, according to a senior executive.
Baidu vice president Ma Jie believes that it is still “negative six” years to full XiRang’s launch, CNBC reported on Thursday. He noted that the development of the app started in December 2020.
Ma spoke of “Create 2021,” Baidu’s upcoming annual developers’ event, which the company promotes as the first Chinese conference to be hosted in a metaverse space through XiRang. The app will reportedly handle up to 100,000 virtual members interacting with each other using metaverse avatars at the three-day conference starting on Monday.
The exec noted that Baidu intends to create an open-source platform targeting metaverse developers, providing a building infrastructure in the virtual world.
Despite focusing on digital infrastructure, Baidu's metaverse app will not support digital currencies or trading assets related to virtual property, Ma said. That is despite XiRang using underlying technologies that are similar to blockchain, he added. The plan goes in line with China's renewed ban on cryptocurrencies announced in September 2021.
One of the biggest internet search engine companies in China, Baidu officially joined the metaverse industry by applying for a trademark "metapp" in October 2021. The firm then released its first metaverse app XiRang, translated as the "Land of Hope," with some of the first XiRang's virtual apparently becoming available for users as of early November.
Baidu is not the only company in China to aggressively develop metaverse technology as local giants like Tencent and Alibaba have been working on their metaverse-related projects. In early November, the China Institutes of Contemporary International Relations, a think tank affiliated with China’s Ministry of State Security, officially warned about national security risks of the Metaverse, citing potential political and social issues.
🧨 THE BIGGEST BUSINESS COMMUNITY:
Thehustlers of wallstreet is the project you should not miss out to join. 🐺
👉🏼 Inspired by the famous movie 🍿 “The Wolf Of Wall Street” , by purchasing our collection of NFT you will gain lifetime access to international holder events. 🎫
🌟 | VIP ACCESS:
Every holder will gain access to the hottest events.
You can access to the trendiest designer events, music 🎵 festivals, Metaverse lands, etc.
💎 | LUXURY CONCIERGE:
Get private access to anything you ever wanted all over the world 🗺 , Private Jet 🛩 , Private Parties 🎉 , Private Yachts 🛥 , Event tickets, etc.
💰 | BIG MONEY REWARDS:
Some holders will receive passive income FOREVER. More will be revealed soon.
If you want to know everything about the road map…
👉🏼 JOIN US NOW on our Discord to enjoy several exclusive prizes every day. 👀
Thehustlers of wallstreet is the project you should not miss out to join. 🐺
👉🏼 Inspired by the famous movie 🍿 “The Wolf Of Wall Street” , by purchasing our collection of NFT you will gain lifetime access to international holder events. 🎫
🌟 | VIP ACCESS:
Every holder will gain access to the hottest events.
You can access to the trendiest designer events, music 🎵 festivals, Metaverse lands, etc.
💎 | LUXURY CONCIERGE:
Get private access to anything you ever wanted all over the world 🗺 , Private Jet 🛩 , Private Parties 🎉 , Private Yachts 🛥 , Event tickets, etc.
💰 | BIG MONEY REWARDS:
Some holders will receive passive income FOREVER. More will be revealed soon.
If you want to know everything about the road map…
👉🏼 JOIN US NOW on our Discord to enjoy several exclusive prizes every day. 👀
This media is not supported in your browser
VIEW IN TELEGRAM
VICTORIA VR - $VR (ERC20)
Imagine a Virtual Reality world where anything is possible.
Victoria VR is the first Blockchain-based multiplayer online role-playing game in Virtual Reality with Realistic Graphics built on Unreal Engine.
They have just launched the VR Lands, which will be registered on the blockchain as NFT’s 🚀
There are 5 elements of VR Land owners can acquire. Earth, Fire, Wood, Metal and Water!
$VR GROWTH: Launched on 2nd December, achieved a Market Cap of 320M in 3 weeks and already got listed on KuCoin which achieved 100M in trading volume within the first 24 hours ⚠️
You will only be able to get the VR Land if you are Whitelisted! It finishes in 7 DAYS (31st) 👀
To find out how, join the Official VR telegram: https://t.me/victoriavrgroup (50K members and growing!)👈🏻
Imagine a Virtual Reality world where anything is possible.
Victoria VR is the first Blockchain-based multiplayer online role-playing game in Virtual Reality with Realistic Graphics built on Unreal Engine.
They have just launched the VR Lands, which will be registered on the blockchain as NFT’s 🚀
There are 5 elements of VR Land owners can acquire. Earth, Fire, Wood, Metal and Water!
$VR GROWTH: Launched on 2nd December, achieved a Market Cap of 320M in 3 weeks and already got listed on KuCoin which achieved 100M in trading volume within the first 24 hours ⚠️
You will only be able to get the VR Land if you are Whitelisted! It finishes in 7 DAYS (31st) 👀
To find out how, join the Official VR telegram: https://t.me/victoriavrgroup (50K members and growing!)👈🏻
BHO MAINNET 1.0 LAUNCH - BECOMES A COINBASE ON BHC-20, on December 30, 2021 at 2 PM UTC
🤟 After just over 3 months of listing, Mainnet 1.0 is considered an important milestone not only for the project team, but also for all investors who have always believed and supported the project from the very beginning.
⚡️BHO officially holds Mainnet 1.0 launch event on December 30, 2021
⚡️After the Mainnet is completed, BHO will officially become a coinbase and will in turn launch products in 2022:
- Launchpad
- Wallet
- NFT Marketplace
- DEX
🎁 And a chance to participate in Lucky Draw & Special Airdrop with total gift value up to 100,000 BHO plus BHO T-shirts.
🔥JOIN NOW!
🌍Official Channels
Website | Telegram | Twitter
🤟 After just over 3 months of listing, Mainnet 1.0 is considered an important milestone not only for the project team, but also for all investors who have always believed and supported the project from the very beginning.
⚡️BHO officially holds Mainnet 1.0 launch event on December 30, 2021
⚡️After the Mainnet is completed, BHO will officially become a coinbase and will in turn launch products in 2022:
- Launchpad
- Wallet
- NFT Marketplace
- DEX
🎁 And a chance to participate in Lucky Draw & Special Airdrop with total gift value up to 100,000 BHO plus BHO T-shirts.
🔥JOIN NOW!
🌍Official Channels
Website | Telegram | Twitter
Media is too big
VIEW IN TELEGRAM
🚀The Basketball universe has arrived on NTF Gaming experience.
💸Take a part in the journey of a Basketball team Manager. Train your athletes from amateur to professional.
🏀Meet the project Basketball Legends
🎉The BBL token was launched in 12/23 and it already reached more than 3000 holders.
👾The game will arrive for EARLY ACCESS on January 3rd 2022.
👥Join the community now and don't miss the Game Launch!
⛹️♂️BBL TOKEN departure to the MOON is scheduled, make sure you don't miss it!
📖LEARN MORE:
🌐 playbasketballlegends.com
📣 https://t.me/basketballlegends_eng
BSCScan: https://bscscan.com/address/0x8800e9902879ac7fb9823086d1749030c9a5eb91#code
CONTRACT: 0x8800E9902879AC7fB9823086d1749030C9a5EB91
💸Take a part in the journey of a Basketball team Manager. Train your athletes from amateur to professional.
🏀Meet the project Basketball Legends
🎉The BBL token was launched in 12/23 and it already reached more than 3000 holders.
👾The game will arrive for EARLY ACCESS on January 3rd 2022.
👥Join the community now and don't miss the Game Launch!
⛹️♂️BBL TOKEN departure to the MOON is scheduled, make sure you don't miss it!
📖LEARN MORE:
🌐 playbasketballlegends.com
📣 https://t.me/basketballlegends_eng
BSCScan: https://bscscan.com/address/0x8800e9902879ac7fb9823086d1749030c9a5eb91#code
CONTRACT: 0x8800E9902879AC7fB9823086d1749030C9a5EB91
‘The only thing holding us back is us,’ says Charles Hoskinson on DeFi's future.
In a live YouTube session, Hoskinson delivered a 30-minute briefing on the need for collaboration and friendliness within the DeFi industry.
The total value locked, or TVL, in decentralized finance (DeFi) has soared to over $250 billion as 2021 closes out, with most activity on Ethereum, according to DeFi Llama. The budding DeFi industry only became mainstream during summer 2021.
While TVL valuations underscore the rapid growth of the industry, Cardano (ADA) founder Charles Hoskinson has warned about the challenges facing DeFi. In a YouTube video entitled, "DApps and Cardano DeFi Alliance," Hoskinson talked about DeFi's potential as well as Cardano's small role within the industry.
According to Hoskinson, who has been on a decade-long quest to transform traditional finance, there needs to be more long-term vision among developers and creators:
“It’s very hard to do this kind of engineering and to do it right, with an eye and foresight for the future. Unfortunately, many of the projects in this space will not stand the test of time. It’s just a fact that we will see a great extinction occur in the next five to 10 years.”
Although he believes that 2022 will be “a big year” for both the industry and Cardano, there is “still so much to do,” particularly when it comes to certification standards, the production quality of DApps and security. He noted that almost $10.5 billion have been lost to hacks, scams and theft in the sector in 2021 alone.
Despite considering the crypto community to be “the weavers of the genetics of finance and of the destiny of humanity’s financial operating system for the 21st century,” Hoskinson claims that the “only thing that holds us back is us. If we fight each other, demean and attack each other, all we are doing is hurting our ability to be able to steer the dialogue towards productive ends.”
During the session, Hoskinson talked about Cardano’s current plans, mentioning its 127 projects in development and how the first half of 2022 will be “an essential window for commercialization and utility of Cardano projects.”
In a live YouTube session, Hoskinson delivered a 30-minute briefing on the need for collaboration and friendliness within the DeFi industry.
The total value locked, or TVL, in decentralized finance (DeFi) has soared to over $250 billion as 2021 closes out, with most activity on Ethereum, according to DeFi Llama. The budding DeFi industry only became mainstream during summer 2021.
While TVL valuations underscore the rapid growth of the industry, Cardano (ADA) founder Charles Hoskinson has warned about the challenges facing DeFi. In a YouTube video entitled, "DApps and Cardano DeFi Alliance," Hoskinson talked about DeFi's potential as well as Cardano's small role within the industry.
According to Hoskinson, who has been on a decade-long quest to transform traditional finance, there needs to be more long-term vision among developers and creators:
“It’s very hard to do this kind of engineering and to do it right, with an eye and foresight for the future. Unfortunately, many of the projects in this space will not stand the test of time. It’s just a fact that we will see a great extinction occur in the next five to 10 years.”
Although he believes that 2022 will be “a big year” for both the industry and Cardano, there is “still so much to do,” particularly when it comes to certification standards, the production quality of DApps and security. He noted that almost $10.5 billion have been lost to hacks, scams and theft in the sector in 2021 alone.
Despite considering the crypto community to be “the weavers of the genetics of finance and of the destiny of humanity’s financial operating system for the 21st century,” Hoskinson claims that the “only thing that holds us back is us. If we fight each other, demean and attack each other, all we are doing is hurting our ability to be able to steer the dialogue towards productive ends.”
During the session, Hoskinson talked about Cardano’s current plans, mentioning its 127 projects in development and how the first half of 2022 will be “an essential window for commercialization and utility of Cardano projects.”
Indian taxman recovers $6.62M from WazirX for evading tax on commission.
Government officials from CGST Mumbai Zone recovered the funds from crypto exchange WazirX after detecting a GST evasion of $5.43 million on trade commissions.
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.
Government officials from the Central GST and Central Excise committee (CGST Mumbai Zone) recovered the funds from the crypto exchange after detecting a GST evasion of $5.43 million on the commissions. A typical GST fraud involves creating fake invoices without actually moving the goods between the seller and the buyer.
According to local media Economic Times, the tax department detected that WazirX uses its in-house WRX tokens for commissions, which were distributed by Zanmai Labs. Further investigation revealed that the crypto exchange missed out on paying 18% tax on the total tokens issued based on its market price.
The investigators revealed that WazirX paid GST on the 0.2% commission it charges users for making trades with local currency i.e. the rupee, clarifying:
“But in cases where the trader opts for transaction in WRX coins, the commission charged is 0.1% of trading volume and they were not paying GST on this commission.”
It is also important to note that WazirX and WRX tokens are owned by Binance, the world’s biggest crypto exchange in terms of the trading volume. Speaking to Cointelegraph, a Zanmai Labs spokesperson said that the non-payment of tax was related to the misinterpretation of GST rules:
“We voluntarily paid additional GST in order to be cooperative and compliant. There was and is no intention to evade tax.”
WazirX CEO Nischal Shetty previously told Cointelegraph about the importance of regulatory clarity for retail adoption.
Government officials from CGST Mumbai Zone recovered the funds from crypto exchange WazirX after detecting a GST evasion of $5.43 million on trade commissions.
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.
Government officials from the Central GST and Central Excise committee (CGST Mumbai Zone) recovered the funds from the crypto exchange after detecting a GST evasion of $5.43 million on the commissions. A typical GST fraud involves creating fake invoices without actually moving the goods between the seller and the buyer.
According to local media Economic Times, the tax department detected that WazirX uses its in-house WRX tokens for commissions, which were distributed by Zanmai Labs. Further investigation revealed that the crypto exchange missed out on paying 18% tax on the total tokens issued based on its market price.
The investigators revealed that WazirX paid GST on the 0.2% commission it charges users for making trades with local currency i.e. the rupee, clarifying:
“But in cases where the trader opts for transaction in WRX coins, the commission charged is 0.1% of trading volume and they were not paying GST on this commission.”
It is also important to note that WazirX and WRX tokens are owned by Binance, the world’s biggest crypto exchange in terms of the trading volume. Speaking to Cointelegraph, a Zanmai Labs spokesperson said that the non-payment of tax was related to the misinterpretation of GST rules:
“We voluntarily paid additional GST in order to be cooperative and compliant. There was and is no intention to evade tax.”
WazirX CEO Nischal Shetty previously told Cointelegraph about the importance of regulatory clarity for retail adoption.
MetaGods will launch a 2nd Batch with less than 500 NFTs on January 8th 🚀
After the success of the first launch, MetaGods will be releasing less than 500 NFTs for members who didn’t have the opportunity to mint a MetaGod.
With more than 95% of holders, MetaGods is on its way to increase its floor price and push the project to the next level thanks to an involved community of diamond hands 💎
But what is MetaGods❓
🔥 God-like designs inspired by Greek Mythology
💎 Huge utilities and rewards for their holders
🤯 3 factions, 3 valuable designs
They will be reopening 100 Whitelists (with dozens reserved for holders) starting today so don't miss the opportunity to get one.
Check out their Discord ➡️ https://discord.gg/nG9Xt8J6Vq
📅 Public Sale: January 8th - 3 PM EST
After the success of the first launch, MetaGods will be releasing less than 500 NFTs for members who didn’t have the opportunity to mint a MetaGod.
With more than 95% of holders, MetaGods is on its way to increase its floor price and push the project to the next level thanks to an involved community of diamond hands 💎
But what is MetaGods❓
🔥 God-like designs inspired by Greek Mythology
💎 Huge utilities and rewards for their holders
🤯 3 factions, 3 valuable designs
They will be reopening 100 Whitelists (with dozens reserved for holders) starting today so don't miss the opportunity to get one.
Check out their Discord ➡️ https://discord.gg/nG9Xt8J6Vq
📅 Public Sale: January 8th - 3 PM EST
🧨THIS NFT PROJECT IS THE NEXT x20 :
The Hustlers of Wall Street is the project you should not miss out to join. 🐺
👉🏼 Inspired by the famous movie 🍿 “The Wolf Of Wall Street” , by purchasing one of their NFT you will gain lifetime access to international holder events. 🎫
They are already more than 25000 members on Discord, without even having announced the dates of mint and the website.
🌟 | INTERNATIONAL SPONSORS :
A luxury concierge service offering many benefits luxury cars, yacht parties🛥and private jets 🛩 to allow you to enjoy unique experiences around the world 🗺.
💰| INCUBATOR :
They will invest in their holder's projects. 🏦
When you join this project you join an ideology for this reason they decided to invest in certain projects of their holders. 📈 So if you have an idea for a project but not the money to realize it, this is for you. 🙌
💸 | INCREASE THE VALUE OF YOUR NFT
Don't think of your NFT as just an NFT. Keep in mind that being an NFT Hustlers of Wall Street holder will ensure a bright future. 💎
If you want to know everything about the road map…
👉🏼 JOIN THEM NOW on their Discord to enjoy several exclusive prizes every day. 👀
The Hustlers of Wall Street is the project you should not miss out to join. 🐺
👉🏼 Inspired by the famous movie 🍿 “The Wolf Of Wall Street” , by purchasing one of their NFT you will gain lifetime access to international holder events. 🎫
They are already more than 25000 members on Discord, without even having announced the dates of mint and the website.
🌟 | INTERNATIONAL SPONSORS :
A luxury concierge service offering many benefits luxury cars, yacht parties🛥and private jets 🛩 to allow you to enjoy unique experiences around the world 🗺.
💰| INCUBATOR :
They will invest in their holder's projects. 🏦
When you join this project you join an ideology for this reason they decided to invest in certain projects of their holders. 📈 So if you have an idea for a project but not the money to realize it, this is for you. 🙌
💸 | INCREASE THE VALUE OF YOUR NFT
Don't think of your NFT as just an NFT. Keep in mind that being an NFT Hustlers of Wall Street holder will ensure a bright future. 💎
If you want to know everything about the road map…
👉🏼 JOIN THEM NOW on their Discord to enjoy several exclusive prizes every day. 👀
Hi everyone today I would like to share to you the profitable & most solid NFT project of 2022 !!
Why is Royal Rabbits Club the only or first NFT you need to buy in 2022?!👇
Royal Rabbits Club Will pay 100% of the royalties from OpenSea and any other nft platform to the community! You’ll get paid ETH every month!
THIS IS THE ONE AND ONLY PROJECT TO PAY 100% TO THE HOLDERS!
-80% royalties will be paid in ETH to holders every month
-20% will go to the play-to-earn game! EXCLUSIVE TO HOLDERS!
- Holders Will also co-own land in the metaverse!
- A unique and profitable staking program. 🤓
- Direct Benefits in the game, your NFT is an artefact with additional bonuses.💎
- Legit founder: The founder has huge experience in digital marketing, branding and web3.0. Also he owns many art galleries around the world 🌍
Want to know more about it ? VIP WHITELIST FILLING UP FAST!
Join their discord right now while you still can get easily whitelisted! 👀 https://discord.gg/uBBsFyhufF ☝️👀🔥🔥🔥🚀
PS: this brand new project will be one of the big players of the next years in the industry. With this post, you got the chance to be early… don’t sleep on it.
Why is Royal Rabbits Club the only or first NFT you need to buy in 2022?!👇
Royal Rabbits Club Will pay 100% of the royalties from OpenSea and any other nft platform to the community! You’ll get paid ETH every month!
THIS IS THE ONE AND ONLY PROJECT TO PAY 100% TO THE HOLDERS!
-80% royalties will be paid in ETH to holders every month
-20% will go to the play-to-earn game! EXCLUSIVE TO HOLDERS!
- Holders Will also co-own land in the metaverse!
- A unique and profitable staking program. 🤓
- Direct Benefits in the game, your NFT is an artefact with additional bonuses.💎
- Legit founder: The founder has huge experience in digital marketing, branding and web3.0. Also he owns many art galleries around the world 🌍
Want to know more about it ? VIP WHITELIST FILLING UP FAST!
Join their discord right now while you still can get easily whitelisted! 👀 https://discord.gg/uBBsFyhufF ☝️👀🔥🔥🔥🚀
PS: this brand new project will be one of the big players of the next years in the industry. With this post, you got the chance to be early… don’t sleep on it.
🌟CYBER LEGENDS - THE METAVERSE REVOLUTION
👉🏼 Cyber Legends is THE revolutionary project of the year 2022. This Metaverse Revolution began with an amazing project which is one of the most detailed and high quality collections of the season.
🌍 | THE METAVERSE REVOLUTION:
Imagine if you can meet your friends in a Futuristic CyberPunk World with different Play2Earn modes. Depending on your Cyber Legends NFT, you will have special powers in the virtual future world !
💰 | BIG MONEY REWARDS:
Holders will receive passive income FOREVER. More will be revealed very very soon. Stay tuned…
💎 | LAMBORGHINI HURACAN:
Many prizes will be awarded for the community such as Private Parties in Paris & L.A. 🎉, Some Rolex Datejust ⌚️, Thousands of $$$ in ETH 💰 and a incredible Lamborghini Huracan V10 💎…
The project is just getting started and is already experiencing exceptional growth…
👉🏼 JOIN US NOW on our Discord : https://discord.gg/p6ZwbuFXWq
👉🏼 Cyber Legends is THE revolutionary project of the year 2022. This Metaverse Revolution began with an amazing project which is one of the most detailed and high quality collections of the season.
🌍 | THE METAVERSE REVOLUTION:
Imagine if you can meet your friends in a Futuristic CyberPunk World with different Play2Earn modes. Depending on your Cyber Legends NFT, you will have special powers in the virtual future world !
💰 | BIG MONEY REWARDS:
Holders will receive passive income FOREVER. More will be revealed very very soon. Stay tuned…
💎 | LAMBORGHINI HURACAN:
Many prizes will be awarded for the community such as Private Parties in Paris & L.A. 🎉, Some Rolex Datejust ⌚️, Thousands of $$$ in ETH 💰 and a incredible Lamborghini Huracan V10 💎…
The project is just getting started and is already experiencing exceptional growth…
👉🏼 JOIN US NOW on our Discord : https://discord.gg/p6ZwbuFXWq
Discord
Join the meta-metal Discord Server!
Check out the meta-metal community on Discord - hang out with 168307 other members and enjoy free voice and text chat.
Hello, today I'd like to introduce you to the hottest NFT project right now: *BabyElonNFT*
They have a *discord with more than 100k members* and their public sale is planned in a week. Many international celebrities have already joined the club like *Rakitic, Riyad Mahrez, Jay Alvarez, ...* and the best is yet to come!
They will release their own token this month. Every BabyElon holder will receive *$BabyElon every day* and will be able to use them in the eco-system or swap them to get other cryptos.
*Why you should not ignore BabyElon?* 🧐
*1. NFT IS LINKED WITH A TOKEN* 📈
This is the first NFT project to push the synergies between a token and an NFT so far
*2. THERE ARE NOT MANY NFTS LEFT* 😱
Half of the presale has been sold in less than 30 seconds, there are only 2556 available for the January 9th sale
*3. THE NAME IS BABY ELON* 😂
➡️ *Join the discord now and grab the opportunity:* www.discord.gg/babyelon
They have a *discord with more than 100k members* and their public sale is planned in a week. Many international celebrities have already joined the club like *Rakitic, Riyad Mahrez, Jay Alvarez, ...* and the best is yet to come!
They will release their own token this month. Every BabyElon holder will receive *$BabyElon every day* and will be able to use them in the eco-system or swap them to get other cryptos.
*Why you should not ignore BabyElon?* 🧐
*1. NFT IS LINKED WITH A TOKEN* 📈
This is the first NFT project to push the synergies between a token and an NFT so far
*2. THERE ARE NOT MANY NFTS LEFT* 😱
Half of the presale has been sold in less than 30 seconds, there are only 2556 available for the January 9th sale
*3. THE NAME IS BABY ELON* 😂
➡️ *Join the discord now and grab the opportunity:* www.discord.gg/babyelon
Discord
Discord - Group Chat That’s All Fun & Games
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
Bank of Jamaica completes first CBDC pilot.
The Bank of Jamaica initially partnered with the Irish cryptography firm eCurrency Mint for its CBDC project in March 2021.
The Bank of Jamaica (BoJ) has successfully completed its f central bank digital currency (CBDC), targeting a national rollout in the first quarter of 2022.
After proceeding with initial CBDC prototype testing in March 2021, Jamaica’s central bank finished an eight-month-long pilot last Friday, the Jamaica Information Service reported.
As part of the pilot, the BoJ minted 230 million Jamaican dollars (JMD) ($1.5 million) worth of the CBDC for issuance to deposit-taking institutions and authorized payment service providers on Aug. 9, 2021.
The central bank then issued 1 million JMD ($6,500) worth of digital currency to the staff at BoJ’s banking department. On Oct. 29, the bank also issued 5 million JMD ($32,000) worth of CBDC to the National Commercial Bank (NCB), one of the largest financial institutions in Jamaica.
According to the report, the NCB was the first wallet provider in Jamaica’s CBDC pilot, onboarding 57 customers, including four small merchants and 53 consumers. Customers were able to conduct person-to-person, cash-in and cash-out transactions at an NCB-sponsored event in December 2021.
The BoJ now plans to proceed with a nationwide rollout in Q1 2022, expecting to add two new wallet providers. These providers have already been conducting virtual simulation testing and will be able to order CBDC from BoJ and then distribute it to their customers. The central bank also plans to focus on interoperability by testing transactions between customers of different wallet providers, the report notes.
As previously reported, the central bank of Jamaica selected the Irish cryptography security firm eCurrency Mint as the technology provider for its digital currency project in March 2021. The firm is known for being involved in the CBDC development in countries such as Senegal. The BoJ previously invited technology providers to submit applications for its CBDC project in July 2020.
The Bank of Jamaica initially partnered with the Irish cryptography firm eCurrency Mint for its CBDC project in March 2021.
The Bank of Jamaica (BoJ) has successfully completed its f central bank digital currency (CBDC), targeting a national rollout in the first quarter of 2022.
After proceeding with initial CBDC prototype testing in March 2021, Jamaica’s central bank finished an eight-month-long pilot last Friday, the Jamaica Information Service reported.
As part of the pilot, the BoJ minted 230 million Jamaican dollars (JMD) ($1.5 million) worth of the CBDC for issuance to deposit-taking institutions and authorized payment service providers on Aug. 9, 2021.
The central bank then issued 1 million JMD ($6,500) worth of digital currency to the staff at BoJ’s banking department. On Oct. 29, the bank also issued 5 million JMD ($32,000) worth of CBDC to the National Commercial Bank (NCB), one of the largest financial institutions in Jamaica.
According to the report, the NCB was the first wallet provider in Jamaica’s CBDC pilot, onboarding 57 customers, including four small merchants and 53 consumers. Customers were able to conduct person-to-person, cash-in and cash-out transactions at an NCB-sponsored event in December 2021.
The BoJ now plans to proceed with a nationwide rollout in Q1 2022, expecting to add two new wallet providers. These providers have already been conducting virtual simulation testing and will be able to order CBDC from BoJ and then distribute it to their customers. The central bank also plans to focus on interoperability by testing transactions between customers of different wallet providers, the report notes.
As previously reported, the central bank of Jamaica selected the Irish cryptography security firm eCurrency Mint as the technology provider for its digital currency project in March 2021. The firm is known for being involved in the CBDC development in countries such as Senegal. The BoJ previously invited technology providers to submit applications for its CBDC project in July 2020.
$AVG looks to be finding a solid bottom here at this level,
Strong HODLers and I assume will have a very strong CEX listing very soon.
https://v2.info.uniswap.org/token/0xa41F142b6eb2b164f8164CAE0716892Ce02f311f
Strong HODLers and I assume will have a very strong CEX listing very soon.
https://v2.info.uniswap.org/token/0xa41F142b6eb2b164f8164CAE0716892Ce02f311f
Hi everyone today I would like to share to you the profitable & most solid NFT project of 2022 !!
Why is Royal Rabbits Club the only or first NFT you need to buy in 2022?!👇
Royal Rabbits Club Will pay 100% of the royalties from OpenSea and any other nft platform to the community! You’ll get paid ETH every month!
THIS IS THE ONE AND ONLY PROJECT TO PAY 100% TO THE HOLDERS! INSTAGRAM 👈
-80% royalties will be paid in ETH to holders every month
-20% will go to the play-to-earn game! EXCLUSIVE TO HOLDERS!
- Holders Will also co-own land in the metaverse!
- A unique and profitable staking program. 🤓
- Direct Benefits in the game, your NFT is an artefact with additional bonuses.💎
- Legit founder: The founder has huge experience in digital marketing, branding and web3.0. Also he owns many art galleries around the world 🌍
Want to know more about it ? VIP WHITELIST FILLING UP FAST!
Join their telegram right now while you still can get easily whitelisted! Only 20% of whitelist slots left! 👀
👉 JOIN HERE! 👈👀🔥🔥🔥🚀
PS: this brand new project will be one of the big players of the next years in the industry. With this post, you got the chance to be early… don’t sleep on it.
Why is Royal Rabbits Club the only or first NFT you need to buy in 2022?!👇
Royal Rabbits Club Will pay 100% of the royalties from OpenSea and any other nft platform to the community! You’ll get paid ETH every month!
THIS IS THE ONE AND ONLY PROJECT TO PAY 100% TO THE HOLDERS! INSTAGRAM 👈
-80% royalties will be paid in ETH to holders every month
-20% will go to the play-to-earn game! EXCLUSIVE TO HOLDERS!
- Holders Will also co-own land in the metaverse!
- A unique and profitable staking program. 🤓
- Direct Benefits in the game, your NFT is an artefact with additional bonuses.💎
- Legit founder: The founder has huge experience in digital marketing, branding and web3.0. Also he owns many art galleries around the world 🌍
Want to know more about it ? VIP WHITELIST FILLING UP FAST!
Join their telegram right now while you still can get easily whitelisted! Only 20% of whitelist slots left! 👀
👉 JOIN HERE! 👈👀🔥🔥🔥🚀
PS: this brand new project will be one of the big players of the next years in the industry. With this post, you got the chance to be early… don’t sleep on it.
UK lawmakers form crypto advocacy group for parliament: Report.
“We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said the group's chairperson and MP Lisa Cameron.
Lisa Cameron, a member of parliament for the United Kingdom’s House of Commons, is reportedly chairing a lobbying group aimed at promoting crypto-related legislation in government.
According to a Friday report from the Financial Times, members of parliament, as well as members of the House of Lords in the United Kingdom, launched the Crypto and Digital Assets Group to ensure rules for the crypto industry in the U.K. “support innovation” as of last week. The cross-party group aims to protect investors from financial crimes, including token scams or offerings from regulated companies.
“We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said Cameron.
The country’s self-regulating trade group for the crypto industry, CryptoUK, reportedly backed the creation of the advocacy group. According to CryptoUK executive director Ian Taylor, the group intends to spend more than $67,000 in 2022 to support the Crypto and Digital Assets Group, with a focus on “education, education, education” around crypto assets.
In 2021, the U.K. Financial Conduct Authority issued numerous warnings to retail investors, advising them of the potential risk in dealing with crypto firms not yet registered with the country’s financial watchdog. The U.K. Advertising Standards Authority, the country’s independent advertising regulator, also removed advertisements from crypto firms including Coinbase and Kraken.
The seemingly growing concern over crypto scams and illicit transactions in the U.K. comes as a report from Chainalysis showed scammers received $7.8 billion in crypto stolen from victims over 2021, of which more than $2.8 billion came from rug pulls. Chainalysis attributed the prevalence of rug pulls to the “hype around the space” in addition to the lack of code audits for certain DeFi projects.
“We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said the group's chairperson and MP Lisa Cameron.
Lisa Cameron, a member of parliament for the United Kingdom’s House of Commons, is reportedly chairing a lobbying group aimed at promoting crypto-related legislation in government.
According to a Friday report from the Financial Times, members of parliament, as well as members of the House of Lords in the United Kingdom, launched the Crypto and Digital Assets Group to ensure rules for the crypto industry in the U.K. “support innovation” as of last week. The cross-party group aims to protect investors from financial crimes, including token scams or offerings from regulated companies.
“We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said Cameron.
The country’s self-regulating trade group for the crypto industry, CryptoUK, reportedly backed the creation of the advocacy group. According to CryptoUK executive director Ian Taylor, the group intends to spend more than $67,000 in 2022 to support the Crypto and Digital Assets Group, with a focus on “education, education, education” around crypto assets.
In 2021, the U.K. Financial Conduct Authority issued numerous warnings to retail investors, advising them of the potential risk in dealing with crypto firms not yet registered with the country’s financial watchdog. The U.K. Advertising Standards Authority, the country’s independent advertising regulator, also removed advertisements from crypto firms including Coinbase and Kraken.
The seemingly growing concern over crypto scams and illicit transactions in the U.K. comes as a report from Chainalysis showed scammers received $7.8 billion in crypto stolen from victims over 2021, of which more than $2.8 billion came from rug pulls. Chainalysis attributed the prevalence of rug pulls to the “hype around the space” in addition to the lack of code audits for certain DeFi projects.