Slovenia has proposed a 25% tax on crypto profits and derivatives, signaling a seismic shift toward uniform digital asset regulation. Slovenia Targets Crypto Profits With Brutal 25% Tax Slovenia’s Ministry of Finance released a draft bill Thursday in Ljubljana proposing a 25% tax on profits from crypto asset disposals, opening the measure to public discussion […] Source CryptoX Portal
US Senator Elizabeth Warren warned that if President Donald Trump eventually moves to fire Federal Reserve Chair Jerome Powell, it could undermine investor confidence in the integrity of US capital markets and trigger a financial crash. During an appearance on CNBC, the Massachusetts Senator said the President does not have the legal authority to remove Powell from his position. Moreover, removing Powell would weaken the financial infrastructure of the US, Warren added: “If Chairman Powell can be fired by the President of the United States, it will crash the markets.…
U.S. stocks ended mixed on Thursday as steep losses in UnitedHealth pulled the Dow lower. Investors digested ongoing trade tensions and signals from the Federal Reserve that interest rate cuts may not be imminent. The Dow Jones Industrial Average fell 1.2%, or roughly 500 points, largely due to a 23% plunge in UnitedHealth shares after the company slashed its full-year profit forecast. The S&P 500 rose 0.2%, buoyed by gains in select sectors, while the tech-heavy Nasdaq Composite edged down about 0.13%. Nvidia fell for a second day after the…
The cryptocurrency whipsawed right after Federal Reserve Chairman Jerome Powell delivered a damning indictment of President Donald Trump’s tariffs in a Wednesday speech. BTC Shakes Off Early Losses Despite Powell’s Dire Speech Federal Reserve Chairman Jerome Powell told attendees at a Wednesday Economic Club of Chicago event that “the level of the tariff increases announced […] Original
U.S. stocks plunged Wednesday as Nvidia flagged $5.5B in China-related charges and Fed Chair Powell warned tariffs may drive inflation and slow growth. U.S. stocks tumbled Wednesday as investors reacted to new U.S. restrictions on chip exports to China and fresh warnings from Federal Reserve Chair Jerome Powell about the economic risks of President Trump’s tariff policies. The S&P 500 fell about 2.2%, while the Dow Jones Industrial Average dropped 1.7%. The Nasdaq Composite slid by around 3%, nearing bear market territory, and was led lower by steep losses in…
Several international analysts examined how the introduction of a BRICS international payment system might affect the current use of the U.S. dollar in trade. Experts cited sanctions evasion, cost reduction, and transaction confidentiality as the main advantages of this system compared to alternatives like SWIFT. Experts Warn Upcoming BRICS Payment System Might Dent Dollar’s Trade […] Source CryptoX Portal
Crypto markets have been fairly stable amid wider market panic caused by US President Donald Trump’s “on-again, off-again” sweeping global tariffs, according to a New York Digital Investment Group (NYDIG) analyst. “Despite the carnage in traditional financial markets, the crypto markets have been relatively orderly,” NYDIG global head of research Greg Cipolaro said in an April 11 note. “Historically, in broad risk-off moves, we tend to see stresses show up in crypto markets. We have yet to see that.” Cipolaro said crypto perpetual futures rates have “been persistently positive,” with…
Amid the market chaos triggered by U.S. President Donald Trump’s on-again, off-again tariff measures, the probability of a federal funds rate cut has been steadily climbing. Trump’s Tariff Whiplash Fuels Rate Speculation Across Futures and Prediction Markets Trump’s tariff policies have captivated global attention, with every move scrutinized by investors and policymakers alike. Global markets […] Source CryptoX Portal
As tokenized real-world assets gain traction across global markets, Fasset is positioning itself at the forefront with the launch of Own, an Ethereum Layer 2 network purpose-built for regulated RWA distribution. With plans to tokenize and offer access to over $1 billion in U.S. equities, including tech giants like Apple, Microsoft, and Nvidia, Fasset is targeting underserved investors worldwide. In this Q&A, I spoke with with Fasset’s leadership about the technical design behind Own, regulatory strategies across jurisdictions, dividend mechanisms, and how tokenized stocks will interact with both TradFi and…
U.S. stocks edged higher Friday following remarks from the White House indicating the Trump administration’s confidence in securing a trade agreement with China. On the same day, Susan Collins, the president and CEO of the Federal Reserve Bank of Boston, stated that the central bank stands ready to implement measures aimed at steadying financial markets. […] Source CryptoX Portal