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India tightens foreign tax data sharing rules with 15 day deadlines and monthly tracking starting July 1

India tightens foreign tax data sharing rules with 15 day deadlines and monthly tracking starting July 1

India has revamped how it exchanges tax information with other countries, effective July 1, tightening timelines and oversight to curb cross-border tax evasion. All foreign tax requests will be treated as high priority, with information shared within 15 days when available. If not, officers must file an interim report within the same period, outlining progress and next steps. Outbound requests will face closer scrutiny and monthly tracking to reduce delays and improve treaty-based compliance, alongside preparations for crypto data sharing from April 1, 2027.

Summarised by Beize from a story on The Economic Times on 14 May 2026
WazirX launches INR accessible crypto Futures with record low fees and no volume threshold

WazirX launches INR accessible crypto Futures with record low fees and no volume threshold

WazirX has rolled out crypto Futures trading for Indian users, touting the lowest maker and taker fees in the market. It also removes any volume threshold requirement and offers direct INR access, aiming to broaden derivatives participation. The exchange says the rollout includes a strong focus on responsible trading education and helps fund its restructuring efforts for creditor recoveries.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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Crypto throws lap dance party during bear market as critics call culture unchanged

Crypto throws lap dance party during bear market as critics call culture unchanged

Even as crypto prices languish in a bear market and hopes of “maturity” grow, the Consensus after-party in Miami allegedly revived a controversy from 2018. Reports from the E11even club event describe attendees anticipating lap dances, fueling claims of a persistent “degenerate culture” that alarms gender equality advocates. It stands in sharp contrast to the more cautious mood seen in traditional markets.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Truth Social parent TMTG posts over 400 million dollar quarterly loss driven by crypto crash

Truth Social parent TMTG posts over 400 million dollar quarterly loss driven by crypto crash

TMTG, the company behind Donald Trump’s Truth Social, reported a first-quarter net loss exceeding $400 million. The slump was largely blamed on plunging cryptocurrency valuations, with earnings falling below $1 million. The results intensify scrutiny of TMTG’s heavy investment in the crypto space and its ability to sustain those bets amid market volatility.

Summarised by Beize from a story on The Economic Times on 9 May 2026
Ethereum rallies as ETFs pull in 260 million in three days can ETH top 2400 next

Ethereum rallies as ETFs pull in 260 million in three days can ETH top 2400 next

Ethereum is gaining momentum after three consecutive days of ETF inflows that total nearly $260 million, signaling rising institutional interest. BlackRock and Fidelity are among the biggest buyers as ETH’s price trends upward. With technical indicators turning more bullish, traders are watching closely to see whether momentum can carry ETH/USD above the $2,400 level.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Coinbase lays off 700 and reveals severance terms for Indian visa holders

Coinbase lays off 700 and reveals severance terms for Indian visa holders

Coinbase is cutting about 14% of its global workforce, affecting roughly 700 employees, citing tough market conditions and the shift toward an AI-first operation. The company says severance will be provided, including tailored provisions for international staff and employees on work visas, as it restructures to stay lean and move faster with automation.

Summarised by Beize from a story on The Economic Times on 6 May 2026

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As Crypto Cools a16z Raises 2.2B Fund While Others Pivot to AI

As Crypto Cools a16z Raises 2.2B Fund While Others Pivot to AI

As crypto sentiment cools, a16z crypto has reportedly raised a massive $2.2 billion fund. While other major firms increasingly look to back AI startups, the new fund signals a16z’s decision to stay focused on crypto rather than chase the latest tech wave. The move highlights how VCs are balancing risk and conviction in a shifting market.

Summarised by Beize from a story on TechCrunch on 5 May 2026
Coinbase cuts 14% jobs as Brian Armstrong bets AI can do more with less

Coinbase cuts 14% jobs as Brian Armstrong bets AI can do more with less

Coinbase announced layoffs affecting about 14% of its workforce, with CEO Brian Armstrong pointing to a weak crypto market and AI’s ability to help smaller teams deliver more. The company plans to reorganize to stay resilient across future market cycles and position itself for the next wave of crypto adoption. Armstrong also addressed key support areas including severance, healthcare, and ongoing assistance.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Morse code trick drained 200000 in seconds by manipulating Grok crypto transfer

Morse code trick drained 200000 in seconds by manipulating Grok crypto transfer

A shocking incident shows how a Morse code message can manipulate an AI system into executing a high-value crypto transfer, draining $200,000 in seconds. The case highlights a growing threat at the AI finance intersection: when bots are given direct access to wallets, even indirect prompt or signal attacks can trigger real-world financial actions fast, leaving security gaps exposed.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Coinbase to cut 700 jobs in major restructuring ahead of AI era

Coinbase to cut 700 jobs in major restructuring ahead of AI era

Crypto exchange Coinbase says it will cut about 700 jobs, roughly 14% of its global workforce, as it restructures to reduce costs and reposition for the next wave of AI-led trading and operations. The company expects most layoffs to be completed by the second quarter of 2026, signaling a long runway for transformation rather than a quick headcount reset.

Summarised by Beize from a story on The Economic Times on 5 May 2026

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Crypto exchange Bullish to buy Equiniti for 4.2 billion by January 2027

Crypto exchange Bullish to buy Equiniti for 4.2 billion by January 2027

Bullish, the cryptocurrency exchange, plans to acquire Equiniti, a global transfer agent, in a $4.2 billion deal expected to close by January 2027. Equiniti handles large-scale annual payments and manages share-related services for millions of investors, making the acquisition a notable bridge between crypto markets and traditional financial infrastructure.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Katie Haun raises 1B for new venture funds to fuel crypto and blockchain bets

Katie Haun raises 1B for new venture funds to fuel crypto and blockchain bets

Katie Haun says her firm has raised $1 billion across new venture funds, doubling down on its core thesis: funding crypto and blockchain startups. The announcement signals fresh capital ready to target the next wave of Web3 companies, as the sector continues to attract both believers and skeptics looking for real-world adoption and durable networks.

Summarised by Beize from a story on TechCrunch on 4 May 2026
Crypto investor Katie Haun raises 1 billion to back crypto blockchain and AI agents

Crypto investor Katie Haun raises 1 billion to back crypto blockchain and AI agents

Former prosecutor Katie Haun has raised $1 billion for new venture funds through Haun Ventures, targeting crypto and blockchain startups while folding in AI and financial services. With plans for global investments, Haun is leaning on her law enforcement and tech background to navigate shifting regulation and market volatility, even as the industry remains unpredictable.

Summarised by Beize from a story on The Economic Times on 4 May 2026
Bitcoin nears 78000 as crypto market cap tops 2.6 trillion on ETF inflows

Bitcoin nears 78000 as crypto market cap tops 2.6 trillion on ETF inflows

Bitcoin hovered near $78,000 as the global crypto market cap neared $2.6 trillion, buoyed by $1.9 billion in ETF inflows. Analysts say institutional demand looks solid, but overall sentiment remains neutral. They also warn that recent gains are being driven more by futures positioning than spot buying, leaving markets exposed to volatility.

Summarised by Beize from a story on The Economic Times on 2 May 2026

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Iran power clan behind Nobitex crypto exchange used to route millions for sanctioned groups

Iran power clan behind Nobitex crypto exchange used to route millions for sanctioned groups

Iran’s biggest crypto exchange, Nobitex, is reportedly controlled by the sons of the influential Kharrazi family—after years of keeping their involvement hidden. Investigations say it handled millions in transactions for sanctioned entities, including IRGC-related bodies and Iran’s central bank, effectively functioning as a bridge to global crypto markets. Nobitex denies any direct state role.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Crypto backed mortgages let buyers pledge Bitcoin or USDC but monthly payments jump hard

Crypto backed mortgages let buyers pledge Bitcoin or USDC but monthly payments jump hard

A new crypto backed mortgage model lets homebuyers partner with Coinbase to use Bitcoin (BTC USD) or USDC stablecoins as collateral for down payments, aiming to avoid immediate crypto sales and related tax events. But the tradeoff is steep: monthly payments can become much higher than traditional mortgages, squeezing affordability for many would be buyers.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026
Trump hosts exclusive crypto gathering for top $TRUMP holders as token crashes 96 percent

Trump hosts exclusive crypto gathering for top $TRUMP holders as token crashes 96 percent

Donald Trump is hosting a highly promoted “most exclusive” crypto event for the 297 largest $TRUMP token holders who entered his contest, with winners expected to gather at Mar-a-Lago in Palm Beach. The move comes as the $TRUMP cryptocurrency has fallen sharply, plunging about 96% from its peak, highlighting the gap between hype and market reality.

Summarised by Beize from a story on The Economic Times on 25 Apr 2026
US senators unveil long awaited crypto rules draft to define regulators and reshape markets

US senators unveil long awaited crypto rules draft to define regulators and reshape markets

US senators have unveiled long-awaited draft legislation to build a regulatory framework for cryptocurrencies. If enacted, it would clarify which financial regulators oversee the fast-growing sector—an issue that has fueled uncertainty. Supporters say clearer jurisdiction could reduce friction for businesses and investors, potentially accelerating mainstream digital asset adoption.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Most Indian crypto investors want equity style taxes while 66% call current rules unfair

Most Indian crypto investors want equity style taxes while 66% call current rules unfair

A CoinSwitch survey ahead of India’s Union Budget finds 61% of crypto investors want taxation aligned with stocks or mutual funds, while 17% favour a separate framework. Despite mixed preferences, 66% describe the current regime as unfair, pointing to the need for clearer, more rational rules that better match how investors view crypto assets.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Crypto and private credit move mainstream in the US as SEC pressure grows

Crypto and private credit move mainstream in the US as SEC pressure grows

As the Trump administration and the SEC push to broaden access to markets, US investors could soon get more products tied to private credit and crypto. Some investment advisors say the move may increase complexity and shift the burden of risk management onto individuals, raising concerns about whether retail investors can adequately protect themselves as these assets go mainstream.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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