Day: February 3, 2025

Japan Plans Crypto Tax Reform by June 2025

Japan is taking a major step toward integrating cryptocurrency and Web3 technologies into its economy. Prime Minister Shigeru Ishiba has declared that crypto assets and Web3 will be “extremely important” in addressing the country’s social and financial challenges. 🔹 Finance Minister Katsunobu Kato confirmed that Japan’s crypto tax reforms will be finalized by June 2025.🔹 […]

Parents love Bitcoin: A New College Savings Trend?

For years, the 529 college savings plan has been the go-to option for parents saving for their children’s education. But now, a growing number of American families are turning to Bitcoin instead, believing its long-term growth potential outweighs the volatility. 💰 A 2024 CouponBirds survey found that 86% of crypto-holding parents have purchased or plan […]

Crypto Market Liquidations Exceed $2.23B as Bitcoin Crashes

The cryptocurrency market witnessed a brutal sell-off, with over $2.23 billion in liquidations as Bitcoin and Ethereum crashed amid rising geopolitical concerns. 📉 Bitcoin (BTC) fell 6.5% to $92,500 before recovering slightly.📉 Ethereum (ETH) plunged 20%, breaking below its key $2,750 support level.📉 Overall crypto market cap shrank by 10%, hitting $3.07 trillion. This turbulence […]

India Hits Crypto Holders With Retroactive 70% Tax Penalty

The Indian government has sent shockwaves through the cryptocurrency market with its harsh new tax policy, which took effect on February 1, 2025. 🔴 What’s new? It’s one of the toughest stances on crypto taxation globally, signaling that India is doubling down on its anti-crypto approach. Retroactive Taxation: A Nightmare for Crypto Holders For traders […]

Charles Hoskinson Talks ICP, Stablecoins, and Bitcoin

In a two-and-a-half-hour AMA on February 2, 2025, Cardano (ADA) founder Charles Hoskinson addressed key developments in stablecoins, cross-chain partnerships, and Bitcoin interoperability, while hinting at global adoption efforts. ICP Partnership: A Possible Collaboration? When asked about Cardano partnering with the Internet Computer Protocol (ICP), Hoskinson acknowledged potential synergy: “It’s potentially possible. ICP was very […]

Ethereum Crashes 20% Amid Market Turmoil

Ethereum has experienced a major sell-off, plunging nearly 20% in the past 24 hours, marking one of its steepest declines in years. 📉 ETH is now trading around $2,500, after losing critical support at $3,000. The sudden drop follows President Trump’s announcement of new 25% tariffs on Canada, Mexico, and China, triggering broader financial market […]