Monthly Archives: July 2022

Google Agrees to Pay $90 Million to Settle Legal Fight With App Developers

Google has agreed to pay $90 million (nearly Rs. 711 crore) to settle a legal fight with app developers over the money they earned creating apps for Android smartphones and for enticing users to make in-app purchases, according to a court filing. There were likely 48,000 app developers eligible to apply for the $90 million fund.Read…

Facebook, Instagram Users May Soon Cross-Post NFTs as Meta Continues Web3 Expansion

NFT creators will soon be able to cross-post their digital collectibles on Facebook and Instagram. As part of Meta’s Web3 expansion plans, its adding NFT-centric features for both of its gigantic social networking platforms. Navdeep Singh, the technical programme manager at Meta, took to Twitter to post the announcement.Read More

How the 1 Percent TDS Provision Will Affect the Growth of the Crypto Industry

The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn tax…