Day: April 21, 2025

US lawmaker targets crypto investors using Puerto Rico as a tax haven

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A member of the House of Representatives has proposed legislation aimed at stopping investors from using the US territory of Puerto Rico as a crypto tax haven. According to an April 21 Bloomberg report, New York Representative Nydia Velázquez introduced the Fair Taxation of Digital Assets in Puerto Rico Act, a bill that could change existing laws in the territory to require certain investors to pay local and federal taxes on capital gains, including from digital assets. The legislation would reportedly add text to Puerto Rico’s Internal Revenue Code, making…

Crypto Outshines Crashing Stocks: Bitcoin Nears $90K as $1.5T Vanishes From Wall Street

On Monday, the cryptocurrency market experienced a notable uptick as bitcoin reached an intraday high of $88,527, reflecting renewed interest. While bitcoin recorded a decent 2.61% gain by evening, several alternative digital assets outperformed, securing more substantial increases. Among them, convex finance token (CVX) stood out, climbing 21.04% within a 24-hour period. Trump Policy Triggers […] Source CryptoX Portal

Coinbase Derivatives lists XRP futures

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Coinbase has listed futures contracts for the XRP token on its US derivatives exchange, the cryptocurrency platform said on April 21. The contracts are overseen by the US Commodity Futures Trading Commission (CFTC) and offer traders “a regulated, capital-efficient way to gain exposure to one of the most liquid digital assets,” the company said in a post on the X platform. Coinbase’s XRP (XRP) futures include standard contracts representing 10,000 XRP and retail-oriented “nano” contracts representing 500 XRP each, or approximately $1,000 as of April 21, according to regulatory filings.  …

Solana Short-Term Indicator Signals Potential Risk – Reversal Or 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. Solana is showing signs of strength as it pushes above a key resistance level, suggesting that bulls are beginning to regain some control after weeks of weakness. The broader…

Astra Fintech commits $100M for Solana growth in Asia

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Astra Fintech, a global blockchain payments provider, has launched a $100 million fund to support the Solana ecosystem’s growth throughout Asia, according to an April 21 announcement. Through the fund, Astra Fintech plans to deploy capital to accelerate projects and form partnerships with developers, companies, and regulators. The fund’s base of operations will be in South Korea, a country Solana’s venture arm invested in after the collapse of the Terra ecosystem in 2022. The fund will focus on projects and developers working on PayFi solutions — a conglomeration of systems…

Investors sue Meteora and VC firm, alleging fraud

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A group of investors has filed a class-action lawsuit against decentralized cryptocurrency exchange Meteora, alleging the firm was involved in manipulating the launch and market price of the M3M3 token. In an amended complaint filed on April 21 in the US District Court for the Southern District of New York, the plaintiffs allege that venture capital firm Kelsier Labs, Meteora, and four current or former executives “intentionally misrepresented” information in the M3M3 launch in December 2024. The investors claimed that they suffered at least $69 million in losses between December…

Markets tumble as Trump slams Fed, stokes tariff tensions

U.S. stocks fell across the board Monday after former President Donald Trump intensified attacks on Federal Reserve Chair Jerome Powell and cast fresh uncertainty on trade policy, unnerving investors. The Dow Jones Industrial Average dropped more than 971 points, or 2.48%, while the S&P 500 and Nasdaq Composite each lost over 2.36% and 2.55%, respectively. The sell-off was led by steep losses in tech, with Tesla and Nvidia down 7% and 6%, and Amazon, AMD, and Meta each falling around 4%. In a Truth Social post, Trump referred to Powell…

Bitcoin’s volatility is at its historical lowest. What does it indicate?

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Volatility has always been one of the first things mentioned in various Bitcoin drawbacks lists. According to a recent Ark Invest report, Bitcoin’s volatility reached its lowest level ever. What are the implications of low volatility? The new Ark Invest’s report, called Big Ideas 2025, outlines that the 30-day moving average for Bitcoin was generally below 50% in 2024 and the first months of 2025. Overall, the graph indicates a gradual decline in volatility.  Some will miss Bitcoin’s volatility Volatility is seen as an opportunity by investors to take high…

Gold Rush Or Bitcoin Boom? China Buys Big, BTC Price Follows

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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. China has added five tonnes of gold to its reserves in under a month as part of an increasing aggressive purchase of the precious metal. Bitcoin continues to stand…