Cryptonews

The US Department of Government Efficiency (DOGE), led by Elon Musk and created by President Donald Trump, has announced significant cuts to various international expenditures. These cuts are aimed at reducing wasteful spending and improving governance. Among the canceled allocations are $21 million for voter turnout in India, $22 million for Moldova’s inclusive political process, and $29 million for political strengthening in Bangladesh. Other cuts include funding for projects in Nepal, Cambodia, and Mozambique, as well as $32 million for the Prague Civil Society Centre and $47 million for improving learning outcomes in Asia. The department’s post on X revealed that these funds were initially intended for various international development initiatives but were deemed unnecessary in the current context. The announcement follows a visit by Indian Prime Minister Narendra Modi to the US, where discussions on space, technology, and governance took place with both President Trump and Musk.

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Crypto News Live: CREBACO CEO & Founder Sidharth Sogani decodes the outlook for India's cryptoverse

Taxes on profits from crypto, lack of clarity on regulations & probes against a number of crypto exchanges in India - no wonder, India is facing a 'crypto winter'. Trading volumes in the country have been down 95% YoY, and investments in crypto start-ups have declined by 75% this year. But, is there a silver lining? CREBACO CEO & Founder Sidharth Sogani decodes the outlook for India's cryptoverse - watch!