Blockchain.com hits $14B valuation in latest funding round: Report
As per a Bloomberg report, crypto exchange Blockchain.com reached a $14 billion valuation in a funding round led by Lightspeed Venture Partners. The UK-based company raised $300 million in March last year at a valuation of $5.2 billion. The exchange currently has 37 million verified users, and one-third of Bitcoin network transactions are conducted through it.
Crypto prices today: Bitcoin down 0.6%, ETH down 0.2%
Bitcoin is currently trading at $47,114.3, a 0.65% decline over the previous day. Ethereum is down 0.22% over the last 24 hours to $3,398.7. Solana jumped 8.7% to $122.53, while Cardano is trading higher by 0.6% at $1.21. Meanwhile, Avalanche (AVAX) rose 5.23% to $98.69. The global crypto market cap stands at $2.16 trillion, a 0.53% increase over the previous day.
Crypto assets to be taxed in India from April 1
The taxation of Virtual digital assets (VDAs) or “crypto tax” proposed in the Union Budget 2022-23 will be implemented from April 1. A 30% income tax plus cess and surcharges will be levied on such transactions in the same manner as it treats winnings from horse races or other speculative transactions. There is also a 1% TDS on payments towards VDAs beyond Rs 10,000 in a year and taxation of such gifts in the hands of the recipient.
Samsung partners with Nifty Gateway to create Smart TV NFT Platform
Samsung and Nifty Gateway have partnered to create an NFT platform for the tech giant’s smart TVs. Users will be able to view, buy, trade, and display NFTs via the smart TV interface. It taps into Nifty Gateway’s custodial wallet system, in which the platform secures users’ collectibles rather than requiring them to hold them in an external wallet.
Lionel Messi signs multi-year deal to promote ‘fan token’ firm Socios
Lionel Messi has signed a deal reportedly worth $20 million to promote fan token platform Socios on the world’s stage. The deal was made in fiat rather than cryptocurrencies. As a brand ambassador, Messi will participate in several promotional and educational campaigns. The first campaign’s tagline is “be more” and will be used to onboard users to the Socios platform.