Day: April 9, 2025

Ukraine Considers Up to 23% Personal Income Tax on Crypto in Newly Proposed Tax Scheme

Ukraine’s top financial regulator is floating the idea of taxing cryptocurrency as personal income, with possible carveouts for certain foreign asset-backed stablecoins, under a newly proposed taxation matrix published on Tuesday. In a translated letter introducing the potential new approach, Ruslan Magomedov, head of Ukraine’s National Securities and Stock Market Commission, said that effective tax policy is a necessary step in preventing financial abuse and facilitating the “legal and responsible use of digital assets.” “Establishing fair and understandable taxation rules is also a prerequisite for attracting investment and integrating the…

Bitcoin Jumps To $82K As Trump Announces 90-Day Tariffs Pause

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto and stock prices have surged in the past hour after US President Donald Trump announced a 90-day pause for tariffs on multiple nations, except China. Bitcoin (BTC), the…

China and Russia settle energy trades in Bitcoin, VanEck confirms

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China and Russia are now reportedly settling select energy transactions using Bitcoin, according to a recent report by investment firm VanEck. The move marks a shift away from the U.S. dollar-dominated financial system and comes amid heightened global trade tensions. VanEck’s Head of Digital Assets Research, Matthew Sigel, confirmed the development, stating that the adoption of Bitcoin (BTC) for trade settlement is evolving beyond speculation.  “That interest is no longer theoretical. China and Russia have reportedly begun settling some energy transactions in Bitcoin and other digital assets,” he wrote in…

U.S. House hearing reignites crypto regulation push, hopes for clarity ‘this year’

U.S. legislators are pushing for clearer regulations on crypto, in an effort to keep the $2.7 trillion crypto industry in the U.S. U.S. Congress is seeing another major push for regulatory clarity on crypto. On April 9, the House financial services committee’s subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a hearing on crypto regulation. The goal of the hearing was to find ways to align U.S. securities laws with the realities of the digital age, especially with regard to crypto assets. In his remark to the committee,…

Bitcoin ‘significantly de-risked here’ as nearly 80% of cyclical price correction is done — Analyst

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Bitcoin’s (BTC) futures market reflects a possible price cooldown after the cryptocurrency’s multiple weeks of correction. Data from CryptoQuant indicated that the BTC-USDT futures leverage ratio with respect to open interest (OI) has halved since peaking in early 2025. Bitcoin estimated futures leveraged ratio. Source: CryptoQuant This significant de-leveraging has occurred because of massive liquidations over the past few weeks, which has effectively taken a majority of traders out of the market. Thus, the current market conditions indicate a healthier market reset, which is not overheated and could potentially pave…

Why Isn’t XRP Skyrocketing? Expert Explains The Hidden Forces

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XRP prices dipped below $2 for the first time since December 2024 on Monday, even after a number of positive developments for the cryptocurrency. The decline is surprising to many investors who had hoped recent good news would send its value higher. Market analyst Vincent Van Code attributes this underperformance to underlying economic issues and not with XRP itself. Trump Tariffs Are Blamed For Crypto Market Decline Van Code attributes the recent decline in cryptocurrencies to the tariffs imposed by US President Donald Trump on other nations. The tariff situation…

Liberland: Can a Blockchain Nation Actually Work?

Khushi V Rangdhol Apr 09, 2025 17:50 Liberland, a self-proclaimed blockchain nation, aims for innovative governance but faces challenges like unverified claims, lack of recognition, and economic instability. A Reality Check on Crypto’s Most Ambitious Governance Experiment At this year’s Wiki Finance Expo in Hong Kong, Liberland – a self-proclaimed micronation founded on disputed territory between Croatia and Serbia – was a hot topic among crypto enthusiasts. Promoted as a bold experiment in blockchain-powered governance, Liberland aims to reimagine state functions using…

US President Donald Trump issues 90-day pause on reciprocal tariffs

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US stock markets surged following President Donald Trump’s announcement of a 90-day pause on tariffs for certain countries. News COINTELEGRAPH IN YOUR SOCIAL FEED United States President Donald Trump has issued a 90-day pause for “reciprocal tariffs,” and lowered the tariff rate to 10% on countries that do not retaliate with counter-tariffs. However, the President also said he would increase the reciprocal tariff rate on China to 125% due to the country’s counter-tariffs against the US. Trump wrote in an April 9 Truth Social post: “At some point, hopefully, in…

Bitcoin reclaims $81K amid tariff pause, China still hit with 125% rate

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Bitcoin reclaimed the $80,000 level while major U.S. stock indices soared higher after President Donald Trump announced a temporary pause on the administration’s tariff regime for some countries. Bitcoin (BTC) traded above $81,000 Wednesday afternoon while the Nasdaq index was nearing a 10% gain as the latest announcment from the White House calmed markets that had been rocked by fears of a prolonged and aggressive trade war. In a post on his Truth Social platform, President Trump said several countries had reached out to initiate negotiations on trade, tariffs, and…