Indonesia will hike tax rates on cryptocurrency transactions starting August 1, with sellers on domestic exchanges now facing a 0.21% tax on transaction value, while those using overseas exchanges will see their rate increase to 1%. Crypto’s Rising Popularity Fuels Tax Adjustments Indonesia is set to implement higher tax rates on cryptocurrency transactions starting August …
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On Wednesday afternoon, at block height 907849, a long-silent bitcoin stash finally stirred. The holder, who scooped up 500 BTC between June 10 and July 31, 2017, moved the coins for the first time in nearly eight years. From $1.3M to $58M: Dormant Bitcoin Awakens in Synchronized Transfers The date is July 30 on a …
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Bitwise Chief Investment Officer Matt Hougan used his 100th weekly CIO memo to argue that traditional finance (TradFi) is fundamentally flawed and cryptocurrency offers a path to a superior global financial system. Instant Payments, Real Yield: Bitwise CIO Touts Crypto’s Advantages in 100th Memo Bitwise CIO Matt Hougan framed his perspective using the “nine-dot puzzle,” …
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Algeria has enacted a comprehensive law that criminalizes all forms of cryptocurrency use, exchange, and mining, aiming to protect the national financial system. Total Ban on Crypto Use and Platforms Algeria recently enacted a sweeping new law that criminalizes any form of use, exchange, or mining of cryptocurrencies. The move is reportedly intended to protect …
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The central bank published its official interest rate decision on Wednesday afternoon after a two-day meeting to deliberate U.S. monetary policy. Split at the Fed: Powell Holds, Colleagues Push Back The U.S. Federal Reserve has decided to hold rates at the 4.25-4.50% level, according to the central bank’s official statement published on Wednesday afternoon. But …
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Analysts have varying projections for dogecoin (DOGE), with some expecting it to reach $0.26 by the end of August, a 16.6% increase, while others foresee a potential surge to $1.09 if it follows past breakout patterns. Expert Caution Amid Bullish Projections Some analysts project that dogecoin (DOGE) could reach $0.26 by the end of August, …
Continue reading “DOGE Defies Q3 Curse With 52% Surge—Is $0.46 Next?”
Keonne Rodriguez and William Lonergan Hill, developers of the bitcoin privacy wallet Samourai Wallet, pleaded guilty to conspiring to operate an unlicensed money transmitting business in New York federal court on July 30, 2025. According to a report from The Rage, as part of their plea agreements, prosecutors dropped more serious money laundering conspiracy charges, …
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An under-the-radar digital asset is skyrocketing after being receiving support from Coinbase, the top US-based crypto exchange platform. In a new thread on the social media platform X, Coinbase Assets says it is adding support for BankrCoin (BNKR), an artificial intelligence (AI)-focused digital asset that operates on Base, Coinbase’s proprietary blockchain, causing the cryptocurrency to …
Bitcoin’s price is moving to the downside as the White House releases an extensive report on crypto policy, and the Federal Reserve once again decides against cutting interest rates. The new 166-page crypto report, entitled “Strengthening American Leadership in Digital Financial Technology,” fails to address how much Bitcoin the US government currently holds or offer …
An Arizona man who masterminded a $13 million crypto Ponzi scheme pleaded guilty this week to money laundering and conspiracy to obstruct justice charges. The U.S. Department of Justice (DOJ) says Vincent Anthony Mazzotta Jr., 54, schemed with his co-defendant David Saffron and others to fraudulently promise investors high-yield profits from crypto investments that pretended …
Financial services titan JPMorgan is collaborating with the top US-based crypto exchange platform Coinbase to link bank accounts with crypto wallets. According to a new press release, the banking giant is partnering with Coinbase to launch a direct bank-to-wallet connection for customers, also allowing for the use of Chase credit cards on the crypto exchange. …
Crypto financial services giant Galaxy Digital has abruptly moved $447 million worth of Bitcoin (BTC), on-chain data shows. According to the blockchain tracking platform Lookonchain, Galaxy Digital has just moved 3,782 BTC, only days after making another massive transaction of the flagship crypto asset. “Is Galaxy Digital helping clients sell BTC again? [On Monday], Galaxy …
U.S. President Donald Trump celebrated the newly released economic data and once again urged the Federal Reserve to cut rates. Three Percent GDP Jump Fails to Lift Bitcoin Past $118K Resistance U.S. gross domestic product (GDP) grew by 3% in the second quarter, according to new economic data published on Wednesday by the Department of …
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The Smarter Web Company PLC announced the purchase of 225 bitcoins on Wednesday as part of its ongoing corporate treasury strategy. Smarter Web PLC Spends £19.9M on 225 Bitcoin Acquisition The London-listed technology firm paid an average price of £88,482 per Bitcoin, totaling £19,908,550. This acquisition increases the company’s total Bitcoin holdings to 2,050. The …
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