Casey

Casey

I’m a Crypto author and Blockchain enthusiast. I have been writing about Bitcoin, Ethereum, and other Cryptocurrencies for over 5 years. My work has been featured in major publications such as Forbes, CoinDesk, and VentureBeat. I’m also a regular speaker at Blockchain conferences around the world.

Bybit to cease crypto services in France in January 2025

Due to increasing regulatory pressure, Bybit will cease offering withdrawal and storage services to French users on January 8, 2025. Global cryptocurrency exchange Bybit said it will cease withdrawal and storage services for French users starting at 8 a.m. (UTC) on January 8, 2025, due to increased scrutiny by French financial authorities. The company advises affected users to withdraw funds before the deadline to avoid problems with bank access and money transfers. Bybit plans to transfer unclaimed assets over $10 in USD to the French-licensed cryptocurrency custodian Coinhouse. Users will need to complete a verification process through Coinhouse to regain control. For accounts with less than 10 USDC, Bybit will charge a termination fee equal to 10 USDC, which will be deducted from the available funds. The move reflects the increasing regulatory pressure facing global cryptocurrency exchanges as regulators in many jurisdictions seek to impose stricter controls on cryptocurrencies. What happens after the deadline? Bybit said that Coinhouse transactions will begin after January 8, 2025, and that withdrawals will be suspended during this period, which is expected to last until January 16, 2025. French users with verified Coinhouse accounts will see their funds on January 16 if their account information matches their identity and Bybit information. Users without a Coinhouse account in the country must register and complete a thorough know-your-customer (KYC) verification process to access their funds. Asset management and maintenance feesBybit explained that there are no fees for converting assets to USDC or transferring funds to Coinhouse. However, unverified Coinhouse accounts will be subject to a maintenance fee of 0.16% of the asset value or 1 USDC per month (whichever is higher) until the KYC verification is successful. The maintenance fees “will be charged monthly, payable on the first day of each month,” the announcement said, but the first payment will be made on the day the assets are transferred to Coinhouse. Users with verified Coinhouse accounts that match their Bybit identity will not be charged on the day of the asset transfer. They will “see their assets reflected in their accounts immediately after the transaction.” France Strengthens Cryptocurrency LawsFrance has strengthened the legal framework for cryptocurrency service providers and strengthened consumer protection and financial stability. In December 2022, the French Senate’s Finance Committee announced that it would accelerate the licensing process for cryptocurrency companies to eliminate the option to operate crypto financial services without authorization until 2026. The move is partly a response to the global financial market turmoil and aims to end the option to operate without authorization from the French Financial Supervisory Authority.

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XRP Price Chart ‘Bull Flag’ Targets $15 Despite Consolidation

XRP’s recent rally has formed a continuation pattern of the trend and is now above $15. The XRP/USD pair fell 2% to a low of $2.3 on December 16, part of a correction that began after reaching $2.90 on December 3. Its value has tripled in the past six weeks. RLUSD Stablecoin Hype Pushes XRP Price Higher XRP has been gaining more attention not only due to its recent gains, but also due to major developments in the XRP Ledger (XRPL) system, including the launch of the RLUSD stablecoin. RLUSD is pegged 1:1 to the US dollar, will be launched on the XRPL and Ethereum blockchains, and will be backed by US Treasury bills and currency reserves. RLUSD will require XRP to cover transaction fees. Georgios Vlachos, the founder of Axelar, said that after receiving approval from the New York Department of Financial Services, stablecoins can be used for transactions and deposits, especially in developing countries. Vlachos said that this will significantly increase the adoption of XRP as a token of payment by 2025. Axelar’s ​​collaborative platform connects XRPL to 69 other blockchains, enabling seamless integration. At the time, Ripple’s chief technology officer David Schwartz warned investors that RLUSD could face supply constraints and price fluctuations after its launch. Schwartz also voiced concerns that the pre-launch offering would inflate the value of RLUSD, explaining that the high price may reflect the novelty of those interested in acquiring the first wave of RLUSD tokens, rather than reflecting the true market value. XRP open interest remains highExpectations of a crypto-friendly regulatory environment under President Trump and the imminent launch of RLUSD are keeping XRP’s future growth in check, with open interest (IO) rising to a new all-time high on December 3. Open interest is a key indicator used by traders and analysts to assess market sentiment and predict future price movements. XRP’s main target is $15Despite the price correction, the XRP/USD pair is well positioned to continue its current trend as the pair displays a classic technical structure and is headed in the right direction. This pattern, known as a “Bull Flag”, occurs when the price consolidates within a descending channel (Flag) after a strong uptrend (Flagpole). The height is similar to the flagpole.

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Abundant space pushes Bitcoin price to all-time high – analysts say $115K is behind

Bitcoin surged above $107,700, while some analysts predicted a short-term price rally. On December 16, Bitcoin extended its weekly rally to hit an all-time high above $107,700. The surge in Bitcoin prices came amid rising space volumes and a rebound in Coinbase’s stock during the US session. After explosive price action during the week, strong selling was seen in the US session, with Binance spot prices rising and KuCoin futures contract volume increasing on Tuesday, December 12. On the 15th, traders pushed BTC prices to the buy wall between $103,000 and $104,000. In addition to spot sales, positive news about MicroStrategy and Semler Scientific buying new Bitcoins made headlines earlier in the day. Semler Scientific sold 211 BTC for $21.5 million at $101,890 per coin, and MicroStrategy acquired 15,350 BTC for $1.5 billion at $100,386 per coin. According to independent market analyst Willy Woo, more than $3 billion has been added to the Bitcoin network every day for the past 30 days, a data point that shows the current unbridled demand for BTC among market participants. Large daily flows into Bitcoin exchange-traded funds (ETFs) are a constant catalyst for Bitcoin’s rise to new all-time highs. ETF outflows reached $2.17 billion in the week ended Dec. 12, bringing the total to $114.97 billion, according to SoSoValue. According to independent Bitcoin researcher and investor Timothy Peterson, the price of Bitcoin may reach $115,000 based on ETF flows.

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Bitcoin Breaks Barrier: Network Hashrate Tops 800 EH/s as Bitcoin Seeks New Price Highs

According to the latest statistics, Bitcoin’s network hashrate is over 800 exahashes per second (EH/s) based on the 7-day simple moving average (SMA). The network’s computing power has reached a record 805 EH/s. Bitcoin Hashrate Hits Record 805 EH/s Over the weekend, Bitcoin (BTC) comfortably hovered above the $100,000 mark, playfully hitting a new all-time high on Sunday afternoon. In addition to these price fluctuations, Bitcoin’s network hashrate peaked at 805 EH/s on December 14, 2024. As of 2:45 PM Eastern Time on December 15th, the network is performing at 799 EH/s. Today, the network is running fast at 799 EH/s, but let’s rewind a year. Back then, it was 293 EH/s lower, at 506 EH/s. It’s a fun comparison. Today’s best mining machines can generate about 473 terahashes per second (TH/s), which translates to just 0.000473 EH/s. Now, in theory, if all miners decided to buy just this one type of high-performance machine, it would take about 619,241 machines to increase the network’s hashrate by the 293 EH/s we’ve seen this year. Currently, the network is running at 799 EH/s, or just under 800 EH/s, which translates to 800 trillion hashes per second. At such a high hash rate, block intervals pass faster than the expected 10 minutes, averaging 9 minutes and 34 seconds. This speed means that the difficulty adjustment scheduled to take place within just a few hours today is expected to increase by 4.4%. This increase will make it 4.4% harder for miners to find gold in blocks. With Bitcoin’s hash rate continuing to rise and BTC dancing at record prices, we are witnessing a network that is not only surviving, but thriving through growth. This increase shows that the mining community is buzzing with activity and quickly adapting to new challenges. What about the future? More innovation, more competition and an increasingly tightly networked digital economy. But can this upward trend be sustained or is it destined for a sharp correction in the near future? Only time will tell.

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Could Trump Use Bitcoin as US Reserve Asset on “Day 1” – How High Will BTC Prices Go?

Trump could issue an executive order designating Bitcoin as a US reserve asset, potentially prompting $20 billion in BTC purchases by 2025. Strike founder and CEO Jack Mallers has said that President-elect Trump will issue an executive order on his first day in office designating Bitcoin as a US reserve asset. Will there be a 200,000 Bitcoin purchase order in January 2025? In an interview on YouTuber Tim Pool’s podcast, Marles said that Trump could rely on the provisions of the so-called Dollar Stabilization Act, which gives him the power to protect the dollar. “One day, a transaction order can be used to buy Bitcoin,” Malles said, adding: “It’s not the size and scale of 1 million coins, but it’s a significant opportunity.” Pro-cryptocurrency Senator Cynthia Lummis introduced the Bitcoin Act of 2024 in July, which would have the Treasury Department and Federal Reserve purchase 200,000 Bitcoins per year for five years, for a total of 1 million Bitcoins.The reserve would be held for at least 20 years, reducing the total Bitcoin supply by 5% (21 million coins). This idea has led to several new, higher BTC price targets for 2025 and beyond. Bitcoin price could hit $800,000 by the end of 2025Perianne Boring, founder of the Digital Chamber, said that Bitcoin supply restrictions could boost the price significantly, especially if Trump succeeds in implementing many of his cryptocurrency policies. “If Donald Trump succeeds with the many proposals he has made to the [crypto] community, the sky is the limit because Bitcoin supply is set,” Boring told Fox Business in an interview. He said the stock-to-flow model predicts that the price of Bitcoin will rise to $800,000 by the end of 2025. Such a rise would push Bitcoin’s market cap to $15 trillion from its current value of more than $15 trillion. $2 trillion. PlanB, the creator of the stock-to-flow model, says that by 2025, the average Bitcoin price will be around $500,000. BlackRock recommends allocating 1-2% of a portfolio to BitcoinStock-to-flow model Bitcoin price predictions rely on the assumption that demand for Bitcoin will continue to rise. The US Treasury’s annual accumulation of 200,000 Bitcoins reinforces the idea of ​​strong demand, as other countries may consider creating their own strategic Bitcoin reserves.BlackRock, which manages more than $10 trillion in assets, has recommended that investors allocate 1-2% of their portfolio to Bitcoin. “We believe that investors with the right management and risk tolerance can include Bitcoin in a multi-asset portfolio,” said the four executives, including senior ETF investment manager Samara Cohen and senior investment advisor Paul Henderson at BlackRock Investment Research 12. To put that into perspective, the total global reserve assets are about $900 trillion. In theory, 2% allocated to Bitcoin from this pool would bring the cryptocurrency’s price to $900,000 per unit.

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Bitcoin Breaks $100,000, ETH Still Doing Well

Bitcoin’s recent rally last week wasn’t without its ups and downs, as investors flocked to Ethereum ETFs, and more. Bitcoin, Ethereum, and the Return of Trading Bitcoin is set to hit $100,000 before the New Year. 100K is a huge psychological milestone, and the crypto community is celebrating the milestone. It’s a big thank you, a big, “I told you so.” Some are scared, but many are pointing to a Darth Maul-like 2017 when Bitcoin first hit $10,000. To explain the speed of $100,000, we can point to several triggers. The most obvious is the Trump administration’s support for cryptocurrency candidates. A few weeks ago, Trump appointed Scott Bessent, a hedge fund manager who supports the creation of a strategic national cryptocurrency reserve, as Secretary of the Treasury. Howard Lutnick, CEO of Cantor Fitzgerald, which owns most of the US Treasury’s Tether bonds, was nominated as Commerce Secretary. This week, he appointed crypto advocate Paul Atkins as SEC chairman. Since 2017, Atkins has served as co-chair of the Chamber of Digital Commerce’s Token Alliance, which focuses on policy issues related to the digital asset space. The day after the election was announced, Bitcoin hit $100,000. My favorite quote about the Trump administration’s choices came from Noelle Acheson on the excellent Bits + Bips podcast this week. Speaking about the choices the Trump administration made over the previous administration, Acheson said, “It’s like a tough choice.” Another driver for Bitcoin is the return of the retail industry to cryptocurrency. In recent weeks, the value of many of the so-called “dinosaur coins” has increased by hundreds of percent. Dinocoin was a popular coin in the last cycle but has since fallen out of favor, much like XRP. XRP’s market cap surpassed Solana to rise to fourth place, and briefly moved up to third place from Tether as an example of the rise of dinosaurs. I think there will be two types of traders entering the market in this cycle, and one of them will be buying Bitcoin. You invest in altcoins like a regular trader because “it’s too late to make money from Bitcoin now.” But unlike previous cycles, I think now that Bitcoin has been institutionalized by companies like BlackRock, large assets and older traders (e.g., the baby boomers of millennials) will enter the market. They have money, but they won’t be getting into Bitcoin, or even Ethereum on the risk curve. Speaking of Ethereum, it’s been a pretty good week for the high-flying alt-cryptocurrency Bitcoin. This week, Ethereum ETF flows have been higher than BTC ETF flows for a few days in a row. It seems like the funds are on the rise. Another good sign is Ethereum’s performance during Bitcoin’s rally. So far, ETH has outperformed BTC and SOL. With ETH showing signs of strength, you can see that ETH-based blue chip NFTs are doing well. Who are you? All of the above NFT collections have seen their prices increase in the past 7 days. You can also expect Ethereum L2 to do well, and it did. I think Base is the best Ethereum L2 at the moment. They have proven to the market that tokenization is not coming, Ethereum L1 is a popular strategy. The artificial intelligence proxy in Base via Virtual is the strongest of all chains. Finally, Coinbase has not yet started attracting customers to Base. Finally, I will leave you with a question that we are considering this week in Token Narratives. Where are we in the market cycle? This is a good thing to remember when things get hot.

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Cryptocurrency Sector Valuation Surges Past $3.5 Trillion Amid Market Rebound

The cryptocurrency market experienced a dramatic resurgence on Thursday, as the total sector valuation soared beyond $3.5 trillion. This marks a robust 9.4% recovery following the market crash earlier in the week, signaling renewed investor confidence and market stability. Liquidations Highlight Volatility Despite the positive movement, the last 24 hours have been turbulent for many traders. Data reveals that approximately 104,700 traders faced liquidations, with the total value of liquidated contracts reaching $298.5 million. Notably, long contracts accounted for 58% of this total, equating to $172.7 million. This highlights the significant risks associated with leveraged trading in the volatile cryptocurrency market. Political Endorsement Boosts Bitcoin In an unexpected turn of events, President-elect Donald Trump hinted at the possibility of adopting a Bitcoin strategic reserve during his visit to the New York Stock Exchange on Thursday. While details remain sparse, such a move could mark a watershed moment for Bitcoin, further legitimizing it as a strategic financial asset. Market analysts speculate that this announcement contributed to the day’s bullish sentiment, as it underscores the growing acceptance of cryptocurrency at the highest levels of government and finance. Broader Implications The recent surge in valuation is being closely watched by market participants and analysts. This rebound not only restores a degree of investor confidence but also raises questions about the sustainability of such rapid recoveries in the face of underlying volatility. With institutional interest in cryptocurrency continuing to rise and potential political endorsements on the horizon, the sector appears poised for further growth, albeit with its characteristic unpredictability. The Road Ahead As the market moves forward, traders and investors will need to remain vigilant. The events of the past week serve as a stark reminder of the cryptocurrency sector’s inherent volatility, where substantial gains and losses can occur in short timeframes. However, the prospect of greater institutional and governmental involvement suggests a more stable and regulated future for digital assets. For now, the cryptocurrency market’s ability to recover so strongly after a significant downturn reflects its resilience and the growing belief in its long-term potential.

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Czech Republic Proposes Tax Exemptions for Long-Term Crypto Holdings

In a move that could bolster the adoption of digital assets, the Czech government has introduced legislation to exempt long-term cryptocurrency holdings from capital gains taxes. Announced on 6 December 2024 by Prime Minister Petr Fiala, the proposal aims to create a more crypto-friendly tax environment while simplifying compliance for smaller transactions. Key Provisions of the Proposal The proposed law includes two major changes that could significantly impact cryptocurrency users in the Czech Republic: Promoting Crypto Adoption Prime Minister Petr Fiala’s announcement marks a progressive step toward integrating cryptocurrencies into the Czech financial ecosystem. By exempting long-term holdings from taxation and lowering the administrative burden for smaller transactions, the government is positioning itself as a crypto-friendly jurisdiction. This initiative aligns with the growing global trend of encouraging the use of digital assets while providing clarity and incentives for investors. Broader Implications The proposed changes could have far-reaching effects: Next Steps The proposal now awaits approval from the Czech parliament. If passed, the legislation could come into effect as early as 2025, setting a precedent for other European nations to consider similar measures. Conclusion The Czech Republic’s move to exempt long-term crypto holdings from taxes represents a significant milestone in the country’s approach to digital assets. By fostering a favorable regulatory environment, the government is paving the way for increased crypto adoption and positioning itself as a leader in Europe’s evolving cryptocurrency landscape. As the world watches, this initiative could serve as a blueprint for other nations looking to balance innovation with fiscal responsibility.

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Bitcoin Faces Resistance Above $101,000 Amid Market Volatility

Bitcoin’s journey to six-digit territory has been marked by highs and lows over the past few days. After an impressive rally to $103,650 last Thursday, the leading cryptocurrency faced significant resistance, leading to sharp declines. This recent volatility has left the market speculating about Bitcoin’s next moves while the altcoin market also struggles to maintain momentum. BTC’s Surge to $101K and Beyond Last week, Bitcoin finally breached the $100,000 mark, propelled by optimism surrounding spot Bitcoin ETFs in the United States. The asset reached an all-time high of $103,650 on Thursday, gaining over $8,000 in a single day. This remarkable surge triggered excitement across the crypto community, with many anticipating sustained growth. However, the rally was short-lived as bears quickly took control. Bitcoin experienced a sharp decline of over $10,000 within hours, resulting in massive liquidations across the market. Despite the setback, BTC demonstrated resilience by bouncing back and attempting to regain lost ground over the weekend. Weekend Attempts and Rejections Bitcoin’s recovery efforts saw it climbing to $102,000 on Friday and $101,300 on Sunday evening. However, both attempts to establish stability above $101,000 were met with firm resistance. These rejections pushed the cryptocurrency back below the six-digit mark. As of now, Bitcoin trades at just under $99,000, reflecting a minor daily decline. The psychological battle around the $100,000 level underscores the challenges in breaking and maintaining this key milestone. Altcoins in the Red Bitcoin’s volatility has rippled through the broader cryptocurrency market, impacting altcoins that had recently enjoyed gains. Leading coins like XRP and DOGE have been among the worst performers on a daily scale, retracing significantly from their weekend highs. This downturn comes despite strong performances from altcoins over the past week, highlighting their sensitivity to Bitcoin’s movements. What’s Next for BTC and the Market? Bitcoin’s recent attempts to establish a foothold above $101,000 suggest that the market is testing this level as a new resistance point. The rejections highlight the cautious sentiment among traders, possibly due to over-leverage or concerns about profit-taking at historic highs. The market’s next direction could hinge on macroeconomic developments, regulatory clarity around spot Bitcoin ETFs, and overall sentiment in the crypto space. A sustained push above $101,000 could pave the way for a renewed rally, while further rejections might test BTC’s resilience in the coming days. Conclusion Bitcoin’s milestone achievement of surpassing $100,000 demonstrates its growing maturity as an asset class, but the journey remains volatile. As BTC navigates through resistance and support levels, the market will likely see continued fluctuations. For now, all eyes remain on whether the leading cryptocurrency can reclaim its upward trajectory or if a deeper correction is on the horizon.

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Bitcoin Falls Below $100K While Ethereum and XRP Maintain Positive Momentum

The cryptocurrency market is buzzing with activity as Bitcoin (BTC) briefly crossed the historic $100,000 milestone before retreating. Currently trading at $98,164.91, Bitcoin has faced a daily decline of -5.11%, signaling a momentary pause in its record-breaking rally. The drop follows an intense week of volatile trading as investors assess the sustainability of BTC’s price surge. While Bitcoin faces corrections, Ethereum (ETH) continues its steady upward climb. Trading at $3,887.99, Ethereum has recorded a modest +0.83% gain over the past 24 hours and an impressive +8.26% weekly performance. Analysts attribute ETH’s resilience to growing interest in decentralized applications (dApps) and the network’s robust infrastructure, which remains pivotal in the crypto ecosystem. Ripple (XRP) is turning heads as one of the week’s standout performers. XRP’s price has surged to $2.38, marking a +3.23% daily increase and an astonishing +53.09% rise over the week. Ripple’s growth comes amid bullish sentiment driven by positive regulatory developments and increasing adoption in cross-border payments. Market Trends and Investor Outlook The contrasting performances of Bitcoin, Ethereum, and XRP underscore the dynamic nature of the cryptocurrency market. Bitcoin’s decline could be seen as a healthy correction following its historic rise, while Ethereum and XRP’s upward trends reflect increasing investor confidence in altcoins. As Bitcoin aims to stabilize and Ethereum and XRP continue their growth trajectories, market participants are closely watching for new catalysts that could shape the next phase of the crypto market. With innovation and adoption driving sentiment, the crypto market remains a focal point for investors worldwide. Stay tuned for more updates as the crypto space evolves in real time.

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XRP Continues to Attract Bullish Sentiment Despite Market Volatility

Despite ongoing market turbulence, XRP remains a focal point of bullish sentiment in the cryptocurrency market. This optimism is highlighted by a substantial on-chain transaction involving 22,018,660 XRP tokens, valued at approximately $50.35 million. The transaction was reported by Whale Alert, a prominent cryptocurrency data tracker on X (formerly Twitter), underscoring the sustained interest in XRP among major holders, often referred to as “whales.” XRP Defies Volatility with Significant On-Chain Activity While market conditions have impacted the broader cryptocurrency landscape, XRP has managed to sustain its appeal. The recent transaction underscores confidence in the asset, even amidst price fluctuations. Such movements are often viewed as precursors to significant market activity, as large-scale transactions typically reflect institutional or high-net-worth individual interest. XRP’s ability to draw significant transactions highlights its perceived long-term potential despite current challenges. Analysts point out that these whale movements can influence price dynamics, as substantial buy-ins or transfers often spark investor interest and speculation. Ripple’s Resilience in a Competitive Market Ripple, the organization behind XRP, continues to showcase resilience. Its growing use cases in cross-border payments and partnerships with financial institutions bolster confidence in the token’s utility. Ripple’s ongoing legal battles with regulatory bodies have also drawn attention, creating a narrative of endurance and commitment to innovation. Broader Implications for the Crypto Market XRP’s recent transaction serves as a reminder of the evolving dynamics in the crypto market. As traditional financial systems increasingly adopt blockchain technologies, tokens like XRP gain relevance. The whale activity could be an early indication of future bullish trends, particularly if macroeconomic conditions become more favorable for cryptocurrencies. For more updates and insights into XRP and its role in the cryptocurrency ecosystem, stay tuned to U.Today.

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India Cracks Down on ₹824 Crore GST Evasion by Binance, WazirX

The Indian government has intensified its efforts to regulate the cryptocurrency market, recently uncovering a massive ₹824 crore Goods and Services Tax (GST) evasion involving major crypto exchanges, including Binance and WazirX. This crackdown signals the authorities’ growing focus on ensuring tax compliance in the rapidly evolving digital asset ecosystem. The ₹824 Crore Evasion According to recent investigations, GST authorities have booked cases against multiple cryptocurrency exchanges for allegedly evading taxes. Binance, one of the world’s largest crypto platforms, and WazirX, a prominent Indian exchange, are at the center of this controversy. Officials claim that these platforms underreported taxable income from transaction fees, trading activities, and other services offered to Indian users. The ₹824 crore evasion highlights the challenges of regulating the crypto market, where decentralized and global operations often make tax enforcement complex. The government’s action reflects its commitment to bringing transparency and accountability to the sector. India’s Crypto Taxation Framework India has implemented a strict taxation regime for cryptocurrency transactions, aimed at regulating the market and curbing tax evasion. The framework includes: The dual taxation structure aims to tighten oversight of crypto transactions while generating revenue for the government. However, it has also faced criticism for discouraging crypto adoption and trading within India. The Implications of the Crackdown The ₹824 crore GST evasion case underscores the importance of compliance for cryptocurrency exchanges operating in India. This action sends a strong message to the industry, highlighting the government’s intent to enforce regulations and crack down on tax-related violations. For exchanges like Binance and WazirX, the allegations could lead to reputational damage and stricter scrutiny of their operations. It also serves as a wake-up call for other platforms to ensure full compliance with Indian tax laws, including proper classification of services and timely payment of GST. Challenges in Crypto Tax Enforcement The global and decentralized nature of cryptocurrency trading presents unique challenges for tax authorities. Many exchanges operate across multiple jurisdictions, making it difficult to monitor and enforce local tax regulations. Additionally: To address these issues, India’s tax authorities are increasingly leveraging technology and collaboration with global regulatory bodies to improve oversight. Impact on Crypto Users in India For Indian crypto users, this crackdown highlights the importance of understanding and adhering to the country’s tax laws. Traders and investors must: While the strict tax regime may deter casual traders, it also reflects the government’s attempt to regulate the market and ensure fair practices. The Road Ahead The ₹824 crore GST evasion case marks a significant milestone in India’s journey to regulate cryptocurrencies. As the market continues to grow, so will the government’s focus on ensuring compliance and transparency. For the industry, this presents both challenges and opportunities: India’s actions are part of a broader global trend of tightening crypto regulations. As the government works to strike a balance between fostering innovation and ensuring accountability, the cryptocurrency ecosystem in India is poised for a new era of maturity

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bitcoin
Bitcoin (BTC) $ 84,529.65
ethereum
Ethereum (ETH) $ 1,915.59
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.35
bnb
BNB (BNB) $ 583.64
solana
Solana (SOL) $ 133.67
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 0.738499
dogecoin
Dogecoin (DOGE) $ 0.172818
tron
TRON (TRX) $ 0.221848
staked-ether
Lido Staked Ether (STETH) $ 1,913.27
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,425.62
pi-network
Pi Network (PI) $ 1.52
chainlink
Chainlink (LINK) $ 14.35
leo-token
LEO Token (LEO) $ 9.74
stellar
Stellar (XLM) $ 0.277501
hedera-hashgraph
Hedera (HBAR) $ 0.195047
wrapped-steth
Wrapped stETH (WSTETH) $ 2,295.66
usds
USDS (USDS) $ 1.00
avalanche-2
Avalanche (AVAX) $ 18.93
shiba-inu
Shiba Inu (SHIB) $ 0.000013
sui
Sui (SUI) $ 2.34
the-open-network
Toncoin (TON) $ 2.85
litecoin
Litecoin (LTC) $ 91.05
bitcoin-cash
Bitcoin Cash (BCH) $ 329.86
polkadot
Polkadot (DOT) $ 4.17
mantra-dao
MANTRA (OM) $ 6.24
ethena-usde
Ethena USDe (USDE) $ 1.00
weth
WETH (WETH) $ 1,917.23
bitget-token
Bitget Token (BGB) $ 4.43
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999044
hyperliquid
Hyperliquid (HYPE) $ 14.29
whitebit
WhiteBIT Coin (WBT) $ 28.29
wrapped-eeth
Wrapped eETH (WEETH) $ 2,037.65
monero
Monero (XMR) $ 206.63
uniswap
Uniswap (UNI) $ 5.96
susds
sUSDS (SUSDS) $ 1.04
near
NEAR Protocol (NEAR) $ 2.67
aptos
Aptos (APT) $ 5.24
dai
Dai (DAI) $ 1.00
pepe
Pepe (PEPE) $ 0.000007
ondo-finance
Ondo (ONDO) $ 0.876071
ethereum-classic
Ethereum Classic (ETC) $ 18.23
okb
OKB (OKB) $ 45.59
internet-computer
Internet Computer (ICP) $ 5.64
aave
Aave (AAVE) $ 172.40
gatechain-token
Gate (GT) $ 21.07
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,607.67
mantle
Mantle (MNT) $ 0.731289
official-trump
Official Trump (TRUMP) $ 11.88
bitcoin
Bitcoin (BTC) $ 84,529.65
ethereum
Ethereum (ETH) $ 1,915.59
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.35
bnb
BNB (BNB) $ 583.64
solana
Solana (SOL) $ 133.67
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 0.738499
dogecoin
Dogecoin (DOGE) $ 0.172818
tron
TRON (TRX) $ 0.221848
staked-ether
Lido Staked Ether (STETH) $ 1,913.27
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,425.62
pi-network
Pi Network (PI) $ 1.52
chainlink
Chainlink (LINK) $ 14.35
leo-token
LEO Token (LEO) $ 9.74
stellar
Stellar (XLM) $ 0.277501
hedera-hashgraph
Hedera (HBAR) $ 0.195047
wrapped-steth
Wrapped stETH (WSTETH) $ 2,295.66
usds
USDS (USDS) $ 1.00
avalanche-2
Avalanche (AVAX) $ 18.93
shiba-inu
Shiba Inu (SHIB) $ 0.000013
sui
Sui (SUI) $ 2.34
the-open-network
Toncoin (TON) $ 2.85
litecoin
Litecoin (LTC) $ 91.05
bitcoin-cash
Bitcoin Cash (BCH) $ 329.86
polkadot
Polkadot (DOT) $ 4.17
mantra-dao
MANTRA (OM) $ 6.24
ethena-usde
Ethena USDe (USDE) $ 1.00
weth
WETH (WETH) $ 1,917.23
bitget-token
Bitget Token (BGB) $ 4.43
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999044
hyperliquid
Hyperliquid (HYPE) $ 14.29
whitebit
WhiteBIT Coin (WBT) $ 28.29
wrapped-eeth
Wrapped eETH (WEETH) $ 2,037.65
monero
Monero (XMR) $ 206.63
uniswap
Uniswap (UNI) $ 5.96
susds
sUSDS (SUSDS) $ 1.04
near
NEAR Protocol (NEAR) $ 2.67
aptos
Aptos (APT) $ 5.24
dai
Dai (DAI) $ 1.00
pepe
Pepe (PEPE) $ 0.000007
ondo-finance
Ondo (ONDO) $ 0.876071
ethereum-classic
Ethereum Classic (ETC) $ 18.23
okb
OKB (OKB) $ 45.59
internet-computer
Internet Computer (ICP) $ 5.64
aave
Aave (AAVE) $ 172.40
gatechain-token
Gate (GT) $ 21.07
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,607.67
mantle
Mantle (MNT) $ 0.731289
official-trump
Official Trump (TRUMP) $ 11.88