India Strict about Overseeing, Automating Tax Work Around Crypto: KoinX’s Punit Agarwal

The Income Tax Department of India is issuing alerts around high-value crypto transactions. The matter came to light earlier this week when Punit Agarwal observed a rise in income tax-related queries tied to crypto transactions from the income tax department. Agarwal is the founder of KoinX, a firm that provides crypto tax management solutions in … Read more

Senate Releases Answer to Clarity Act as It Continues Market Structure Work

The U.S. Senate is marching on in its effort to craft rules and regulations for the vast majority of the crypto market, releasing a discussion draft of a market structure bill that more clearly defines some of the frameworks the lawmakers are contemplating. The 35-page draft released Tuesday formulates new definitions for digital assets that … Read more

Near Protocol Crops Work Force Marking 2024’s First Layoff in Web3: Details

The first two weeks of 2024 saw major upheaval with the excitement around the approval of BTC ETFs in the US. The market volatility seems to be cooling off now that the ETFs have been approved – but regardless, a fresh setback has hit the crypto sector. The Near Foundation has decided to lay off … Read more

Mastercard, Swoo Pay Initiate Work to Offer Crypto-Based Loyalty Rewards: Details

While nations around the world are taking a slow and calculated approach towards engaging with crypto, fintech giants like Mastercard and Visa are already incorporating pro-crypto steps as part of their operations. In a fresh development, Mastercard has initiated work around launching crypto-based loyalty rewards. The payments giant has reportedly decided to work with Swoo … Read more

Microsoft Says Revamped Bing is ‘Work in Progress’ After Report Claims Mistakes in Chatbot’s Responses

Just over a week after Microsoft unveiled its new Bing search engine powered by the technology behind the ChatGPT artificial-intelligence chatbot, The Wall Street Journal reported that early testers were calling out mistakes and disturbing responses generated by the technology. Microsoft said that the search engine is still a work in progress, describing the past … Read more

IIT-Madras Begins Draft Work on ‘Metaverse India Policy and Standards’ with Industry Veterans

The metaverse market, that is expected to grow at an annual rate of 37.7 percent in the next six years, is estimated to reach the valuation of $74.4 billion (roughly Rs. 6,20,918 crore) by the end of 2024. Gearing up to withstand the force of advancements in Web3, IIT Madras has begun drafting policies to … Read more

Apple Watch SE With Plastic Body a Work in Progress, Launch Expected in 2025: Report

At its recent iPhone 16 launch event, Apple also announced the new Watch Series 10 models along with a new colour option for the Watch Ultra 2, which also got a new Milanese loop band made from titanium. What we did not see was a new Apple Watch SE model (the brand’s affordable series), which … Read more

Tata Electronics to Partially Resume Work at Fire-Hit iPhone Component Plant

Tata Electronics said on Thursday it will restart some of its operations at the fire-hit plant in the southern Indian state of Tamil Nadu, which makes Apple iPhone components. A fire broke out in one of the six units at the plant in the early hours of Saturday. Fire and local government officials told Reuters … Read more

iPhone 17 Early Manufacturing Work to Take Place at Indian Factory Instead of China: Report

Apple is conducting early manufacturing of the iPhone 17 — the purported successor to the iPhone 16 that was launched earlier this year — at a factory in India, according to a report. It is expected to be the first time that the Cupertino company is conducting its product development outside China. Over the past … Read more