MicroStrategy Sells Over 1.3 Million Shares, Raising $561 Million
According to Odaily, MicroStrategy has announced the sale of 1,317,841 shares between December 16 and December 22, 2024, under a sales agreement. The company reported net proceeds of approximately $561 million after deducting sales commissions. MicroStrategy still has around $7.08 billion worth of shares available for issuance and sale under the same agreement.
Binance Market Update: Top Stories December 23, 2024
According to CoinMarketCap data, the global crypto market cap is $3.32T, a 0.90% decrease over the last day.Bitcoin (BTC) has been trading between $93,700 and $97,352 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $95,920, down by 0.86%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include FXS, QKC, and XVG, up by 29%, 20%, and 17%, respectively.Top stories of the day:Re-Staking Protocols Reach New Heights in the Cryptocurrency SectorMicroStrategy Joins Nasdaq 100 IndexDollar Rises as Market Bets on Cautious Fed Rate CutsSaylor Proposes U.S. Crypto Framework with $81 Trillion Bitcoin Reserve PlanU.S. Crypto Sector Stocks Show Mixed Performance in Pre-Market TradingDigital Asset Fund Flows Weekly Report: US$1 Billion Outflows Amid Hawkish FOMCBo Hines Appointed As Executive Director Of Digital Assets Advisory BoardPhoenix Group Plans Nasdaq Dual Listing to Expand Global ReachECB Official Prefers Gradual Rate AdjustmentsMajor Token Unlocks: ADA, ENA, and Others Set for ReleaseMarket movers:ETH: $3333.5 (-0.97%)XRP: $2.2049 (-2.14%)BNB: $671.03 (+0.95%)SOL: $185 (+0.03%)DOGE: $0.31636 (-0.60%)ADA: $0.9006 (-0.63%)TRX: $0.2497 (+0.89%)AVAX: $37.1 (-2.32%)LINK: $23.04 (+2.95%)TON: $5.464 (+1.86%)
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, We deeply value our community’s feedback and strive to provide the most useful and transparent information possible. Recently, we’ve received feedback regarding the circulating supply data displayed on the Binance App and the website, and we would like to share our plans to address user feedback and provide users with the best possible support. Current Circulating Supply Data Methodology At present, Binance sources circulating supply data from CoinMarketCap (CMC). CMC’s methodology of calculating circulating supply excludes allocations to insiders. For more details, please refer to the CMC website. Upcoming Changes: New Metrics from CMC As CMC introduces two new metrics, Unlocked Market Capitalization (UMC) and Unlocked Circulating Supply (UCS), Binance will also integrate these new data points to the token info section. For more details, please refer to this announcement. We thank the community for their feedback and kindly ask for your understanding and patience as we work towards implementing these two new metrics. Thank you for your support! Binance Team 2024-12-23
How I Earned $30–$50 Free FDUSD Daily on Binance—No Investment Needed 💵
When it comes to cryptocurrency, most people believe you need a hefty upfront investment to see meaningful returns. But what if I told you there’s a way to earn $30–$50 in FDUSD daily on Binance without spending a single penny? Sounds too good to be true? Keep reading to uncover the details of this exciting and entirely legit strategy.
Why FDUSD and Why Binance?
First, let’s talk about FDUSD, a stablecoin pegged to the US Dollar, which offers unmatched stability in the volatile world of crypto. Now, pair that with Binance, the world’s leading cryptocurrency exchange known for its diverse earning opportunities, and you’ve got a recipe for consistent, risk-free earnings.
Step 1: Sign Up for Binance
If you’re new to Binance, start by creating an account. Binance regularly offers welcome bonuses, airdrops, and promotions for new users. These often include free FDUSD or other tokens as part of their reward campaigns.
Pro Tip: Use referral codes or affiliate links when signing up to maximize your initial bonuses.
Step 2: Explore Binance Earn
Binance Earn is a treasure trove of earning opportunities. While most methods require some form of investment, there are options that allow you to earn without committing funds.
1. Launchpool & Launchpad: These programs allow users to earn free tokens, including FDUSD, simply by participating in promotional events. Sometimes, you don’t even need to lock up any assets.
2. Simple Tasks for Rewards: Binance frequently runs promotional campaigns where users can complete tasks like learning about new tokens, answering quizzes, or participating in challenges to earn FDUSD.
3. Referral Programs: Earn rewards by inviting friends to join Binance. For every successful referral, Binance credits your account with rewards, sometimes in FDUSD.
Step 3: Engage in Binance’s Learn & Earn Programs
Education is power, and Binance pays you for learning! Their Learn & Earn program offers interactive lessons on blockchain technology and cryptocurrencies. At the end of each module, pass a quiz and get rewarded in tokens, often including FDUSD.
Pro Tip: The more programs you complete, the more rewards you accumulate. It’s simple, fun, and profitable.
Step 4: Participate in Airdrops and Contests
Binance is famous for its regular airdrops and contests. These events are often announced on their official social media channels or in the “Events” section on the Binance app. To participate:
Follow Binance on Twitter, Telegram, or other platforms.
Keep an eye out for announcements about upcoming campaigns.
Complete simple tasks like liking, sharing, or engaging with posts to qualify for free FDUSD.
Step 5: Stake Rewards in Flexible Savings
Even if you earn small amounts daily, don’t let them sit idle. Binance allows you to stake FDUSD in flexible savings accounts, enabling you to compound your earnings further without locking up funds for long periods.
Step 6: Leverage Binance Pay Cashback
If you use Binance Pay for transactions, take advantage of their cashback offers. Often, Binance runs promotions where users earn cashback in FDUSD simply by making payments through the platform.
Consistency is Key
While $30–$50 daily might not seem like much at first, the magic lies in consistency. Over a month, that’s $900–$1,500 in passive income—all without risking your own money!
Final Thoughts
Earning $30–$50 FDUSD daily on Binance is not just a dream—it’s a reality if you’re willing to put in the time and effort. The opportunities are endless, from referral programs and educational quizzes to promotional airdrops and contests.
Remember, Binance thrives on innovation, constantly introducing new ways for users to earn. By staying active and informed, you can maximize these opportunities and enjoy risk-free earnings.
Start your journey today, and watch as your FDUSD balance grows effortlessly. Happy earning! #BinanceLaunchpoolBIO #BinanceAlphaAlert #EarnFreeCrypto2024 #FreeCryptoEarnings #FreeFDUSD
Binance Market Update: Top Stories December 22, 2024
The global cryptocurrency market cap now stands at $3.42T, up by 5.20% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $95,890 and $98,650 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $96,712, down by -1.76%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include HIVE, FUN, and IDEX, up by 42%, 28%, and 21%, respectively.Top stories of the day:NCPPR is Preparing New Bitcoin Financial Reserve Proposals for Microsoft and AmazonEl Salvador Wallet Adds 11 BTC to Strategic ReservesEl Salvador Increases Daily Bitcoin Purchases, Aims for 20,000 BTCGraniteShares Files for New Leveraged ETFs Tracking RIOT, MARA, MSTR, and HOODCryptoQuant Founder: MicroStrategy Has Become Another "USD-to-Bitcoin Gateway"Germany Passes Financial Market Digitization Act Ahead of MiCAR ImplementationMarket movers:ETH: $3365.15 (-3.02%)XRP: $2.2519 (-2.41%)BNB: $664.6 (-2.22%)SOL: $184.88 (-5.32%)DOGE: $0.31807 (-5.43%)ADA: $0.9058 (-5.52%)TRX: $0.2475 (-1.55%)AVAX: $37.98 (-7.52%)LINK: $22.37 (-6.44%)TON: $5.364 (-3.05%)
Binance Market Update: Top Stories December 22, 2024
The global cryptocurrency market cap now stands at $3.42T, up by 5.20% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $95,890 and $98,650 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $96,712, down by -1.76%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include HIVE, FUN, and IDEX, up by 42%, 28%, and 21%, respectively.Top stories of the day:NCPPR is Preparing New Bitcoin Financial Reserve Proposals for Microsoft and AmazonEl Salvador Wallet Adds 11 BTC to Strategic ReservesEl Salvador Increases Daily Bitcoin Purchases, Aims for 20,000 BTCGraniteShares Files for New Leveraged ETFs Tracking RIOT, MARA, MSTR, and HOODCryptoQuant Founder: MicroStrategy Has Become Another "USD-to-Bitcoin Gateway"Germany Passes Financial Market Digitization Act Ahead of MiCAR ImplementationMarket movers:ETH: $3365.15 (-3.02%)XRP: $2.2519 (-2.41%)BNB: $664.6 (-2.22%)SOL: $184.88 (-5.32%)DOGE: $0.31807 (-5.43%)ADA: $0.9058 (-5.52%)TRX: $0.2475 (-1.55%)AVAX: $37.98 (-7.52%)LINK: $22.37 (-6.44%)TON: $5.364 (-3.05%)
Tether Makes $775M Bet on Rumble to Challenge YouTube’s Dominance
Tether has made a bold partnership by investing $775 million into Rumble, a video-sharing platform and cloud services provider. Rumble is the closest competitor to YouTube and is famous for its uncensored content.
Rumble will use $250 million of the money to support operations and the remainder to fund a tender offer for up to 70 million shares of its common stock at a price of $7.50, according to a Friday evening press release. That $7.50 is the same price per share Tether is paying for its stake.
Tether CEO Paolo Ardonio, through his commented on the investment on X.
Tether deeply believes in the fundamental values of freedom of speech and financial freedom.Our strategic investment in Rumble greatly underscores @Tether_to 's focus in supporting technology and companies that empower humans, delivering independence and resilience to our… https://t.co/vHYVbQJnKk
— Paolo Ardoino 🤖🍐 (@paoloardoino) December 20, 2024
He added that their firm believes in the fundamental values of freedom of speech and financial freedom.
YouTube has been censoring content that violates its policy, and some people claim that it rides on the policy to censure voices that are against particular narratives, limiting freedom of speech. So Tether, in a bid to reinforce fundamental values, including freedom of speech and financial freedom, has settled on Rumble, citing that they don’t censor content.
Rumble to use part of the investment for funding a self-tender
According to Rumble, the partnership won’t interfere with their structures much. Chris Pavlovski, Rumble’s chairman and CEO, will remain in charge of the company as he retains control. Tether’s investment will ensure it owns a minority position in Rumble’s outstanding common stock. The agreement means that Tether has no rights to designate any Rumble board member.
Rumble will also use part of the investment to fund a self-tender offer for up to 70 million of Rumble’s common stock. The board of directors also gave a green light to investing excess cash reserves in Bitcoin to the tune of $20 million. Crypto frenzy has risen with the election of the US President, Donald Trump. His clear position in cryptocurrency and his ambitions to establish a Bitcoin reserve are motivating investors.
Beyond shareholding arrangements, Tether hopes to carry out meaningful advertisements and enhance its cloud and crypto payment solutions relationship with Rumble.
Tether investment to drive Rumble’s next step of growth
Rumble CEO Chris Pavlovski believes that the partnership with Tether is what they need for their next phase of growth. The platform aims to outdo its competitors by offering alternative and credible avenues for sharing uncensored information.
According to Google Finance, the partnership announcement led to a 51.6% surge in Rumbles’ (RUM) share price to $10.90.
The deal, which is expected to close in the first quarter of 2025, is exciting. Rumble may break its ceiling and consolidate users, and Tether will immensely benefit from adverts—a win-win solution. What will be interesting to watch is how Rumble will fare in its competition with YouTube.
Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
According to Odaily, data from CryptoSlam reveals that Ethereum NFT sales experienced a 76% increase in volume last week, reaching $201 million. This figure represents 66% of all NFT sales over the past seven days. In comparison, Bitcoin-based NFTs generated $40 million in sales, while Solana-based collectibles accounted for $29 million. The combined weekly trading volume for Mythos Chain, Immutable, Polygon, and BNB Chain amounted to $25.9 million. This week's trading volume surpassed the September record of $296 million, a month when digital collectibles saw their lowest monthly trading volume since 2021.
Binance Futures Will List USDⓈ-M & COIN-M Quarterly 0627 Delivery Contracts
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Futures will list the following USDⓈ-M and COIN-M Quarterly 0627 Delivery Contracts within a few hours after USDⓈ-M and COIN-M Quarterly 1227 Delivery Contracts expire and settle at 2024-12-27 08:00 (UTC). USDⓈ-M BTC and ETH Quarterly 0627 Delivery Contracts USDⓈ-M Delivery ContractsBTCUSDT Quarterly 0627ETHUSDT Quarterly 0627Launch TimeAfter 2024-12-27 08:00 (UTC)Underlying AssetBTCETHSettlement AssetUSDTUSDTTick Size0.10.01Max Leverage50xTrading Hours24/7 COIN-M BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT, LTC, and SOL Quarterly 0627 Delivery Contracts COIN-M Delivery ContractsBTCUSD CM Quarterly 0627ETHUSD CM Quarterly 0627BNBUSD CM Quarterly 0627ADAUSD CM Quarterly 0627LINKUSD CM Quarterly 0627BCHUSD CM Quarterly 0627XRPUSD CM Quarterly 0627DOTUSD CM Quarterly 0627LTCUSD CM Quarterly 0627SOLUSD CM Quarterly 0627Launch TimeAfter 2024-12-27 08:00 (UTC)Underlying AssetBTCETHBNBADALINKBCHXRPDOTLTCSOLSettlement AssetBTCETHBNBADALINKBCHXRPDOTLTCSOLTick Size0.10.010.010.00010.0010.010.00010.0010.010.01Max Leverage50x20xTrading Hours24/7 Notes: Users are only allowed to close their positions or place Reduce Only orders and are not allowed to open any new positions ten minutes prior to delivery. For further information, please refer to Delivery and Settlement of Quarterly Futures. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2024-12-20
Bitcoin and Ethereum ETFs Expected to Lead U.S. Crypto Fund Launches in 2025
According to ShibDaily, Bloomberg ETF analyst Eric Balchunas has forecasted that Bitcoin and Ethereum exchange-traded funds (ETFs) will be the first U.S. crypto funds to launch in 2025, with additional funds to follow. On December 17, Balchunas shared an analysis from fellow ETF analyst James Seyffart, indicating a gradual introduction of cryptocurrency ETFs next year. The initial offerings are expected to be Bitcoin and Ethereum combination ETFs, followed by potential funds for Litecoin (LTC) and Hedera (HBAR).Balchunas and Seyffart suggest that Litecoin and Hedera ETFs could be approved sooner due to their favorable regulatory status. The U.S. Securities and Exchange Commission (SEC) has previously rejected several Solana ETFs, and Seyffart noted that Solana (SOL) and XRP ETFs might only be considered after the new SEC chair, appointed by President-elect Donald Trump, assumes office. The analysts believe that the SEC views LTC and HBAR more favorably, which could lead to their approval before larger market-cap assets like XRP and SOL. The SEC has classified XRP and SOL as securities, complicating the approval process for ETFs linked to these cryptocurrencies.Litecoin is seen as a strong candidate for ETF approval due to its classification as a Bitcoin fork, potentially qualifying it as a "commodity." Meanwhile, Hedera has not been categorized as a security by the SEC, possibly easing its path to ETF approval compared to other cryptocurrencies facing regulatory challenges. Despite the stronger approval prospects for LTC and HBAR, the analysts noted uncertainty regarding investor demand for these funds.Many in the crypto community are hopeful that the SEC, under the leadership of Paul Atkins, a nominee selected by President-elect Trump, may adopt a more favorable stance toward crypto assets. Trump has expressed that Atkins is a strong advocate for dynamic, innovative capital markets that meet investor needs and drive economic growth to bolster the U.S. economy. This article is intended for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
BNB Drops Below 660 USDT with a Narrowed 2.18% Increase in 24 Hours
On Dec 21, 2024, 13:28 PM(UTC). According to Binance Market Data, BNB has dropped below 660 USDT and is now trading at 658.570007 USDT, with a narrowed narrowed 2.18% increase in 24 hours.
Binance Market Update: Top Stories December 21, 2024
According to CoinMarketCap data, the global crypto market cap is $3.41T, a 6.60% increase over the last day.Bitcoin (BTC) has traded between $92,233 and $99,541 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $98,448, up by 3.46%.Most major cryptocurrencies by market cap are trading higher. Market outperformers include DF, ZEN, and COW, up by 98%, 51%, and 49%, respectively.Top stories of the day:U.S. Inflation Eases to 2.4% in November, Below ExpectationsSEC Commissioner Hester Peirce Signals Optimism for Ethereum ETF Staking Under New LeadershipU.S. Avoids Government Shutdown as Senate Passes Budget DealMicroStrategy CEO Proposes U.S. Digital Asset Framework and Bitcoin ReserveFederal Reserve's Shift Impacts Markets, Bitcoin Experiences DeclineSenator Lummis Advocates Strategic Bitcoin Reserve for Debt RepaymentFed's Goolsbee Predicts Inflation to Reach 2% Amid Temporary Fluctuations Quantum BioPharma Invests $1 Million in Cryptocurrency Fear And Greed Index Drops To 73 Indicating Continued GreedFederal Reserve's Williams Indicates Potential for Further Rate CutsMarket movers:ETH: $3468.78 (+5.45%)XRP: $2.3069 (+5.54%)BNB: $679.71 (+5.58%)SOL: $195.28 (+6.80%)DOGE: $0.33627 (+14.01%)ADA: $0.9582 (+15.72%)TRX: $0.2514 (+4.97%)AVAX: $41.07 (+12.67%)LINK: $23.9 (+11.21%)TON: $5.533 (+12.62%)
According to PANews, Whale Alert has reported that the USDC Treasury minted an additional 50 million USDC on the Ethereum blockchain today at approximately 20:07 UTC+8.
Binance Futures Will Launch USDⓈ-Margined AIXBTUSDT, FARTCOINUSDT, KMNOUSDT and CGPTUSDT Perpetual Contracts With up to 75x Leverage
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the following perpetual contracts with up to 75x leverage as below: 2024-12-20 18:30 (UTC): AIXBTUSDT Perpetual Contract2024-12-20 18:45 (UTC): FARTCOINUSDT Perpetual Contract2024-12-20 19:00 (UTC): KMNOUSDT Perpetual Contract2024-12-20 19:15 (UTC): CGPTUSDT Perpetual Contract *Please note that AIXBT (LINK), FARTCOIN (LINK) and CGPT (LINK) are already listed on Binance Alpha Market. More details on the aforementioned perpetual contracts can be found in the table below: USDⓈ-M Perpetual ContractAIXBTUSDTFARTCOINUSDTKMNOUSDTCGPTUSDTLaunch Time2024-12-20 18:30 (UTC)2024-12-20 18:45 (UTC)2024-12-20 19:00 (UTC)2024-12-20 19:15 (UTC)Underlying Assetaixbt by Virtuals (AIXBT)Fartcoin (FARTCOIN)Kamino Finance (KMNO)ChainGPT (CGPT)Settlement AssetUSDTUSDTUSDTUSDTTick Size0.000010.00010.000010.00001Capped Funding Rate+2.00% / -2.00%+2.00% / -2.00%+2.00% / -2.00%+2.00% / -2.00%Funding Fee Settlement FrequencyEvery Four HoursEvery Four HoursEvery Four HoursEvery Four HoursMaximum Leverage75x75x75x75xTrading Hours24/724/724/724/7Multi-Assets ModeSupportedSupportedSupportedSupported *Note that this Futures listing is for aixbt by Virtuals with the contract address here for verification: 0x4f9fd6be4a90f2620860d680c0d4d5fb53d1a825. *Note that this Futures listing is for Fartcoin with the contract address here for verification: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump. *Note that this Futures listing is for Kamino Finance with the contract address here for verification: KMNo3nJsBXfcpJTVhZcXLW7RmTwTt4GVFE7suUBo9sS. **Note that this Futures listing is for ChainGPT with the contract address here for verification:0x9840652DC04fb9db2C43853633f0F62BE6f00f98. Please Note: The maximum funding rate of the aforementioned perpetual contracts at the time of launch is +2.00% / -2.00%. The funding fee settlement frequency is every four hours. TimeMax Funding Rate2024-12-20 20:00 (UTC)+2.00% / -2.00%2024-12-21 00:00 (UTC)+2.00% / -2.00%2024-12-21 04:00 (UTC)+2.00% / -2.00%2024-12-21 08:00 (UTC)+2.00% / -2.00%…… Based on market risk conditions, Binance may adjust the specifications of the aforementioned Futures contracts from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.Multi-Assets Mode allows users to trade the aforementioned AIXBTUSDT, FARTCOINUSDT, KMNOUSDT and CGPTUSDT perpetual contracts across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the aforementioned perpetual contracts. The aforementioned perpetual contracts are subject to the Binance Terms of Use and the Binance Futures Service Agreement.Futures and spot token listings are not correlated. A token listed on Binance Futures does not guarantee that it will be listed on Binance Spot.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Further Information: Trading Rules of USDⓈ-M Futures ContractsLeverage and Margin of USDⓈ-M Futures Contracts Binance Futures Fee StructureHow to Select Trading PairsFunding Rate HistoryMark Price and Price IndexMulti-Assets Mode Thank you for your support! Binance Team 2024-12-21
Senator Lummis Advocates Strategic Bitcoin Reserve for Debt Repayment
According to PANews, U.S. Senator Cynthia Lummis has emphasized the purpose of a strategic Bitcoin reserve as a means to 'clearly and strategically repay the government debt looming over every American.'
Senator Lummis Advocates Strategic Bitcoin Reserve for Debt Repayment
According to PANews, U.S. Senator Cynthia Lummis has emphasized the purpose of a strategic Bitcoin reserve as a means to 'clearly and strategically repay the government debt looming over every American.'
Breaking: Binance URL Unblocked In India After FIU Registration
#Binance's URL has been unblocked in #India after the exchange registered with the Financial Intelligence Unit (FIU) and paid a fine. The Binance website has now been fully restored and the URL is now accessible to all Indian users. The exchange had faced regulatory issues in India resulting to various stringent actions taken. However, amid various fines settlements, the exchange is now gaining footing in the Indian market. Binance URL Now Fully Accessible Binance, one of the top crypto exchanges, has now achieved a milestone in the Indian market as its URL gets unblocked and accessible to users in that region. The URL unblocking follows its registration with the Financial Intelligence Unit (FIU) and payment of a substantial fine. The crypto exchange had earlier paid a fine of over $2.25 million for previous non-compliance with Indian regulations. The fine was imposed due to their failure to adhere to India’s anti-money laundering regulations. According to the FIU, the exchange had been carrying out its operations within the country without proper registration and had not complied with local AML requirements. Previously, the Indian government made a clear declaration of their stance against offshore crypto exchanges, blocking the URLs of nine platforms, which included Binance, OKX, and KuCoin. However, the titan exchanges’ compliance with regulatory demands and payment of the fine has led to the restoration of its services in India. This move has the potential to open doors for other crypto exchanges to follow suit and comply with local regulations, as few have already started showing compliance. The growing importance of regulatory compliance in the global crypto market has gained more traction. While Indian users now get access to to the URL, it remains to be seen how this will impact the local crypto trading scene, as this is a new milestone attained for its Indian user base. India Tax Bill On Binance Most recently, the Indian government issued a substantial tax bill to Binance. The Ahmedabad unit of the Directorate General of GST Intelligence issued this bill to the exchange, demanding a payment of $86,033,159 in Goods and Services Tax. The tax recovery notice alleges that the exchange received certain fees from Indian customers trading virtual digital assets on their platform without going through the proper channels by registering under India’s GST framework. This action showcased India’s ongoing efforts to bring cryptocurrency operations under its tax regulations. #BinanceLaunchpoolTON #MarketDownturn #CryptoMarketMoves
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