Bitcoin price is again rising above the $115,500 zone. BTC is now consolidating and might aim for a move toward the $120,000 resistance zone. Bitcoin started a fresh increase above the $115,500 zone. The price is trading above $115,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $115,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $117,500 resistance zone. Bitcoin Price Aims Higher Bitcoin price found support near the $112,200 zone and started a fresh increase . BTC was able to climb above the $113,500 and $114,800 resistance levels. The price even cleared the $115,500 resistance to move into a positive zone. Finally, the price tested the $117,500 resistance zone. A high was formed at $117,643 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $112,629 swing low to the $116,643 high. Bitcoin is now trading above $115,000 and the 100 hourly Simple moving average . There is also a key bullish trend line forming with support at $115,600 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $117,200 level. The first key resistance is near the $117,500 level. The next resistance could be $118,250. A close above the $118,250 resistance might send the price further higher. In the stated case, the price could rise and test the $119,200 resistance level. Any more gains might send the price toward the $120,000 level. The main target could be $121,500. Another Drop In BTC? If Bitcoin fails to rise above the $117,500 resistance zone, it could start another decline. Immediate support is near the $116,450 level. The first major support is near the $115,600 level and the trend line. The next support is now near the $114,550 zone or the 61.8% Fib retracement level of the upward move from the $112,629 swing low to the $116,643 high. Any more losses might send the price toward the $113,800 support in the near term. The main support sits at $112,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $115,600, followed by $114,550. Major Resistance Levels – $117,500 and $118,250.
SharpLink Gaming's $200M purchase aims for 5% ETH market share. Fundmetal Global plans $5B Ethereum, overshadowing others. Continue Reading: SharpLink Gaming Makes Bold Moves with ETH Acquisitions The post SharpLink Gaming Makes Bold Moves with ETH Acquisitions appeared first on COINTURK NEWS .
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! UPBIT LISTING: 거래
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! $IP listed on
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! HBAR is currently
HBAR can dip to $0.22 or slightly lower soon. Traders might want to stay sidelined for now.
India’s Income Tax Department has intensified its efforts to curb tax evasion in the cryptocurrency sector, sending more than 44,000 notices to traders who failed to disclose their virtual digital asset (VDA) transactions in their income tax returns. Indian Tax Watchdog Ups The Ante In a recent session of the Rajya Sabha (Upper House of the Parliament), India’s Minister of State for Finance, Pankaj Chaudhary, revealed that the Central Board of Direct Taxes (CBDT) had launched enforcement actions against non-compliant crypto users. These include reassessment notices, surveys, and search-and-seizure operations under the Income Tax Act, 1961. To promote voluntary compliance, the CBDT has initiated targeted awareness efforts through its NUDGE campaign (Non-Intrusive Usage of Data to Guide and Enable). Under this program, a total of 44,057 emails and messages were issued to individuals who were found to be investing or trading in crypto assets but had not reported these transactions in their tax filings. The Indian government introduced a tax on digital asset income starting in the 2022-23 financial year. Since then, taxpayers have reported approximately ₹705 crore ($80.6 million) in crypto-linked income for FY 2022-23 and 2023-24 combined. However, enforcement actions such as surveys and raids led to the discovery of an additional ₹630 crore ($72 million) in undisclosed income related to cryptocurrencies. It’s worth noting that accusations of tax evasion have been directed not only at individual taxpayers, but also at crypto exchanges. Notably, the CBDT is leveraging data analytics tools such as Non-Filer Monitoring System (NFMS), Project Insight, and its internal databases to increase oversight of crypto transactions. The report adds: These tools help cross-reference information provided in tax filings with actual transactions reported by Virtual Asset Service Providers (VASPs) via TDS returns. Discrepancies identified through this system are followed up with enforcement actions to ensure accurate reporting and recovery of tax dues. Uncertainty Plagues India’s Crypto Ecosystem While India ranks among the top countries globally for crypto adoption, its taxation and regulatory stance have been a point of contention. The combination of a 30% tax on crypto profits and a 1% TDS on every trade has discouraged many retail traders and investors. As a result, a number of crypto exchanges in India have reported dwindling trading volumes, leading to businesses announcing layoffs or getting shut. Earlier this year, crypto exchange Bybit announced it was temporarily halting its operations in India due to lack of regulatory clarity. In contrast, neighbouring country Pakistan has shown a more receptive approach toward digital assets. Earlier this year, the South Asian country stated that it would tap excess energy to mine more BTC. Similarly, the UAE continues to cement its place as the global hub for crypto businesses. In November 2024, the nation eliminated Value Added Tax from all transactions in cryptocurrency exchanges and conversions. Despite these challenges, there are signs that India may be reassessing its approach. In July 2025, Pradeep Bhandari, spokesperson for the Bharatiya Janata Party (BJP), called on the government to explore creating a national Bitcoin reserve, suggesting potential long-term interest in integrating crypto into the financial system. Adding to the momentum, Coinbase, the largest US-based crypto exchange, is set to re-enter the Indian market later this year, signaling that global firms remain optimistic about India’s long-term crypto potential, even amid short-term uncertainty. At press time, BTC trades at $116,720, up 1.2% in the past 24 hours.
In a bold move that could reshape the crypto landscape, the US President is reportedly preparing to sign an executive order aimed at protecting access to BTC and digital assets. If enacted, this landmark policy would redefine the relationship between digital assets and the US financial system. Bitcoin Steps Into The Political Spotlight Bitcoin has officially entered the hall of power, as the US President Donald Trump is preparing to sign an executive order that would prohibit banks from refusing services to Bitcoin and crypto-related companies. This move signals a major shift in the US policy and ends years of financial censorship against the crypto industry. Related Reading: Strategy Expands Bitcoin Holdings With Massive Third-Largest Acquisition According to a crypto enthusiast, Henry, with this impending order, the crypto industry appears to be getting serious respect from the White House, after years of regulatory uncertainty and political pushback. In the coming days, Henry suggests that positive developments are on the horizon, especially involving Federal Reserve Chair Jerome Powell. This kind of attention from the highest levels of government could shake up the entire market and trigger a wave of institutional interest and volatility. If this happens, it would be more than just good news, as it would be a game-changer. Not only could it act as a major catalyst for BTC, it would also open the doors for crypto businesses to access traditional financial services, which they need for growth. Bitcoin is gaining recognition among the highest forms of governments across the world. Reports show that the Indonesian Vice President Gibran Rakabuming Raka is exploring the possibility of adding Bitcoin to the country’s national reserves, according to a recent post from Bitcoin Indonesia. The move represents a bold step toward integrating digital assets into sovereign finance. If implemented, Indonesia would become one of the first major Asian economies to formally recognize BTC as a reserve asset, signaling a shift in how governments hedge against inflation, currency risk, and geopolitical uncertainty. The global spotlight is increasingly turning to crypto adoption at the state level. The Bhutan Government Moves $59.2 Million In BTC Several countries are engaging BTC globally at a rapid rate. In a significant and quietly executed move, the government of Bhutan has transferred 517 BTC, valued at approximately $59.2 million, to a new cryptocurrency wallet. This substantial transfer of BTC, reported by Crypto Rover on X, has sparked speculation among analysts and the crypto community about potential custody changes or strategic moves. Related Reading: Bitcoin’s $115K Struggle: Is a Deeper Drop on the Horizon? The Himalayan kingdom of Bhutan has consistently maintained a low profile in the world of sovereign crypto holdings, making it one of the most discreet yet active state players in the digital asset space. This recent movement may indicate a shift toward enhanced security and measures in BTC reserves. Featured image from Pixabay, chart from Tradingview.com
On August 7, 2025, defense lawyer James K. Filan announced that the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. had jointly filed a dismissal of their respective appeals, bringing an end to one of the most closely followed cases in the digital asset industry. Filan shared the update on X, stating, “The parties have filed a Joint Dismissal of the Appeals. The case is over.” The Joint Stipulation of Dismissal, filed with the U.S. Court of Appeals for the Second Circuit, formally concludes both the SEC’s appeal and Ripple’s cross-appeal. The document, dated August 7 and signed by the legal representatives of both parties, confirms that each party will bear its costs and fees. This effectively terminates the litigation stemming from the original lawsuit filed by the SEC in December 2020 against Ripple Labs, Bradley Garlinghouse, and Christian A. Larsen. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The parties have filed a Joint Dismissal of the Appeals. The case is over. pic.twitter.com/QMATRLnxnS — James K. Filan (@FilanLaw) August 7, 2025 Legal Framework and Signatories The legal notice specifically cites Federal Rule of Appellate Procedure 42(b)(1) as the basis for the dismissal. According to the filing, the Commission, Ripple, Garlinghouse, and Larsen have all agreed to the terms. Attorneys from Kellogg, Hansen, Todd, Figel & Frederick, as well as Cleary Gottlieb Steen & Hamilton LLP and Debevoise & Plimpton LLP, acted on behalf of Ripple and its executives. On the SEC’s side, the document is signed by Acting General Counsel Jeffrey B. Finnell, Solicitor Tracey A. Hardin, and Appellate Counsel David D. Lisitza and Ezekiel L. Hill. The Certificate of Service, signed by Ezekiel L. Hill, certifies that all relevant parties were electronically served through the Court’s ACMS system on August 7, 2025. Impact on Ripple and XRP This joint dismissal brings closure to the long-standing legal battle, which has significantly impacted XRP’s market position and the broader regulatory outlook for digital assets in the United States. The litigation originally revolved around whether XRP constituted a security under U.S. law, with the SEC alleging that Ripple conducted unregistered securities offerings. Ripple disputed the claims, leading to years of litigation, several partial rulings, and a great deal of public interest. With the appeals now officially withdrawn, there will be no further judicial review of prior rulings from the U.S. District Court for the Southern District of New York, presided over by Judge Analisa Torres. That decision had partially favored Ripple, ruling that XRP sales on public exchanges did not constitute securities transactions, though it held Ripple accountable for certain institutional sales. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 XRP Community’s Reaction and Industry Implications The formal end of the case marks a milestone moment not just for Ripple but also for XRP holders and the broader digital asset industry. Market participants had long awaited a resolution, as the case’s outcome had implications for token classification and enforcement actions across the sector. Responding to the announcement, the XRP community expressed a range of reactions online. One X user, Tailan, commented humorously, “I was used to this case now is going to be a bit boring who should we fight now? Bank cartels?” As the legal uncertainty lifts, Ripple can now focus on business expansion, including its global payments network and potential U.S. regulatory advancements. The SEC, for its part, appears to be shifting its focus to other digital asset enforcement cases still ongoing in various jurisdictions. The conclusion of this case clears a major legal cloud hanging over XRP and removes a critical overhang from Ripple’s operations. The digital asset community will now closely watch how this final development influences regulatory frameworks, industry innovation, and the positioning of XRP in the evolving financial landscape. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Big News for XRP: SEC and Ripple Jointly Dismiss Appeals. The Case Is Over appeared first on Times Tabloid .
🚀 Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Bitcoin is currently