Smartphone re-commerce platform Cashify bags $90 million in new funding

Cashify, a marketplace for gadgets trade-ins and buybacks in India, has raised $90 million in a new financing round as it looks to expand its business in the world’s second-largest smartphone market. Prosus Ventures and NewQuest Capital Partners led the seven-year-old Indian startup’s Series E funding, Cashify said on Thursday. Paramark Ventures and existing backers … Read more

Report: Crypto traders potentially owe IRS around $50B in unpaid taxes

A Barclays report has revealed that crypto investors might not be paying their full taxes to the Internal Revenue Service (IRS), saying that the tax gap for crypto traders could be up to $50 billion, CNBC reported. The tax gap is the difference between tax owed and tax collected. Barclays arrived at this calculation using … Read more