Bitcoin’s recent price trajectory suggests potential volatility, as short-term holders capitalize on profits amid market fluctuations. The observed trend in the Spent Output Profit Ratio (SOPR) indicates a tipping point
In 2024, the memecoin market experienced significant growth, with a variety of emerging projects capturing widespread attention. As a leading crypto exchange platform, MEXC has continued to provide users around the world with secure and easy access to digital asset trading. This year, MEXC has not only become the platform of choice for many memecoin
The current behavior of Bitcoin's short-term holders pointed at a possible correction before a rebound.
From controversial founders to outright scammers, these seven crypto figures landed on Ol’ Saint Nick's “naughty list” in 2024.
Cryptocurrencies are becoming increasingly integrated into the modern financial reality, and like any other asset, they are subject to taxes. As a relatively new and rapidly growing asset class, cryptocurrencies attract increasing interest from investors and governments. As the global economy adapts to this digital innovation, countries take different cryptocurrency regulation and taxation approaches. How do cryptocurrency tax policies work around the world? Table of Contents Which countries require you to pay taxes on cryptocurrencies? Why do some countries not have to pay taxes on cryptocurrencies? Countries where cryptocurrencies are banned Why do some countries not pay taxes on cryptocurrency? What’s next for cryptocurrency taxation? Which countries require you to pay taxes on cryptocurrencies? In the United States, it is simply impossible not to pay taxes — the authorities are very strict about this and tax almost everything, including digital assets. Crypto is treated as property, not currency. This means taxpayers must pay capital gains taxes when selling cryptocurrencies. The profit is subject to either short-term or long-term capital gains tax rates depending on how long the asset is held (less than one year or more). Crypto taxes in the U.S. | Source: Kraken In the UK , the picture is much the same — cryptocurrencies are taxed like other assets. Capital Gains Tax (CGT) applies to income above a tax threshold. If the revenue from cryptocurrency trading exceeds a certain amount, the taxpayer must file a tax return and pay tax. The Australian Tax Office also classifies cryptocurrencies as assets. Investors must pay capital gains tax if they sell their tokens at a profit. However, there is a minor clarification — in some cases, cryptocurrencies used to purchase goods and services may be exempt from tax if the transaction amount does not exceed $10,000. Overall, Europe is leading, with Switzerland taking the lead: some residents of that country can not only pay for their purchases with cryptocurrency but also their taxes, the Federal Tax Administration (FTA) explains : “If the salary or ancillary salary benefits are paid to the employee in the form of payment tokens, these are taxable as income from gainful employment 5 and must be shown on the salary certificate.” You might also like: Why the U.S. doesn’t need a tax on mining: Senator Lummis explains Why do some countries not have to pay taxes on cryptocurrencies? Several countries encourage the use of cryptocurrencies due to the absence of mandatory taxation — this is how the authorities try to attract investors and create cryptocurrency startups. Portugal became one of the few countries where citizens are exempt from paying taxes on income received from cryptocurrency trading . There are exceptions when cryptocurrency is used in professional activities or business. In Germany , cryptocurrencies held for over a year are not subject to taxation when sold. This creates an incentive for long-term investment in crypto assets. However, the profit will be subject to capital gains tax if the crypto is sold before this period. Malta is actively developing its crypto industry and offers favorable taxation conditions. Cryptocurrencies are only taxed if they are sold or exchanged for fiat currency; otherwise, the tax does not apply. Crypto taxes in EU | Source: Protos However, there are countries where there is no need to pay taxes on cryptocurrencies simply because they are banned. Countries where cryptocurrencies are banned China is one of the most famous countries that ban cryptocurrencies. All cryptocurrency transactions were banned in 2021, and regulators were actively cracking down on mining. This has created significant problems for investors and crypto companies in the country. In Algeria, the use of cryptocurrencies, including trading and mining , is strictly prohibited. The African country does not allow cryptocurrency transactions, including exchange and sale, making it impossible to carry out such transactions in the country. Cryptocurrencies are also banned in several other countries, most of which are in the MENA and Asia regions, such as Morocco, Pakistan, and Indonesia . Why do some countries not pay taxes on cryptocurrency? In addition to the ban and investment attractiveness, some countries do not pay taxes on cryptocurrency for a straightforward reason: the authorities have not yet developed regulations for digital assets. For example, although Japan has recognized Bitcoin ( BTC ) and other cryptocurrencies as a legal means of exchange, many aspects of their regulation are being developed. Although the country has several rules regulating crypto exchanges, there are many gaps in the legislation regarding specific taxation factors. In Nepal, cryptocurrencies are still not clearly regulated, but they are de facto banned. Since the government has not developed legislation to regulate this class of assets, cryptocurrencies remain in a legal void. You might also like: Japan’s Democratic Party leader vows crypto tax cut to 20% if elected What’s next for cryptocurrency taxation? Cryptocurrency taxation varies from country to country, leading to different approaches to regulating and taxing these digital assets. While some countries actively develop tax policies and regulations for handling cryptocurrencies, others remain in legal limbo, and some altogether prohibit their use. However, according to Chainalysis, cryptocurrency adoption continues to grow globally. Source: Chainalysis Cryptocurrency taxation is, therefore, likely to continue to evolve towards greater clarity and regulation, providing stability for investors and market participants. However, changes may occur unevenly depending on the region and political environment. You might also like: Crypto tax calculators to consider in 2024
Cryptocurrencies are becoming increasingly integrated into the modern financial reality, and like any other asset, they are subject to taxes. As a relatively new and rapidly growing asset class, cryptocurrencies attract increasing interest from investors and governments. As the global…
Abu Dhabi, UAE, December 24th, 2024, Chainwire Japan-based AI powerhouse bitgrit has officially announced a partnership with BTSE, a leading global cryptocurrency exchange. This collaboration sets the stage for the highly anticipated listing of bitgrit’s BGR token, marking a major milestone in the company’s roadmap to redefine the intersection of artificial intelligence and blockchain technology. bitgrit’s entry into
Follow Frank on X . In a new report , the Open Dialogue Foundation (ODF) provides an overview and analysis of upcoming regulatory proposals around non-custodial Bitcoin and crypto wallets in the European Union (E.U.). Some of the proposals — many of which are based on FATF recommendations — will negatively affect users’ ability to transact with crypto assets privately. EU & FATF 2025: Your Bitcoin Wallet's New Rules? What is the best Christmas gift from human rights, privacy and Bitcoin advocates? @ODFoundation provides you with a comprehensive respond on what you should know while using #Bitcoin p2p wallet, privacy payments tools &… pic.twitter.com/YZIlCZjSiR — Lyudmyla Kozlovska 🇪🇺🇺🇦 (@LyudaKozlovska) December 24, 2024 Important takeaways from the report include: According to guidelines from the European Banking Authority (EBA), the current regulatory framework around crypto assets in the E.U. allows for actions that pose significant risks, including immediate withdrawals to non-custodial wallets and the use of anonymity-enhancing tools like mixers. Forthcoming Markets in Crypto-Assets Regulation (MiCA) regulation may influence Crypto-Asset Service Providers (CASPs) to adopt stricter AML/KYC practices. Regulation from the E.U. may prohibit CASPs from facilitating anonymous transactions, which would both reduce privacy for users of crypto-assets and increase operational costs for CASPs. The obligations that may be imposed on CASPs will conflict with the rise of proliferation of open-source technologies like the Lightning Network, Fedimint and ecash, which let users transact privately and in a censorship-resistant manner. Do I share this all because I’m trying to ruin your holiday season? No, sirs and ma’ams. I share it because we should be grateful for the work that the Open Dialogue Foundation does in shedding light on what’s happening within the regulatory landscape in the E.U. (especially as it pertains to non-custodial crypto wallets) and in developing relationships with elected officials in the E.U. to educate them on the importance of Bitcoin and other freedom technologies. So, if you’re looking to make a tax-deductible donation to a nonprofit before the year is out, consider donating to the ODF . And if you’re thinking either “Well, I don’t live in the E.U., so this doesn’t affect me” or “I do live in the E.U., but I’ll just move if it passes bad regulation,” I’d asking you to consider the following two points, (the first of which I lifted directly from this recent ODF report): The European Union plays a central role in shaping global financial regulatory standards (which means that crypto transaction privacy advocates across the globe have something at stake here). The organization making many of the proposals for the new regulatory framework in the E.U. — the FATF — is an international one, and it will leverage any wins it chalks up in the E.U. to influence regulation in other jurisdictions. But, again, don’t be scared; be grateful. Donate to the ODF to support its efforts, or do what you can to amplify the organization’s messaging. This article is a Take . Opinions expressed are entirely the author's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Key Takeaways MANTA price faces bearish pressure below $1. Our Manta price forecast expects Manta price to surge to a maximum level of $2.47 in 2024. In 2030, Manta price prediction expects Manta price to record a maximum level of $22.28. Launched in September 2023, Manta Network gained significant attention within the cryptocurrency community after its token generation event, leading to trending status on major coin aggregators and news outlets. Beyond the initial buzz, Manta Network presents innovative technology through a modular zero-knowledge (ZK) rollup for Ethereum , featuring Solidity smart contracts and a decentralized identity layer one network focusing on compliance. This article will explore the details of the Manta Network and examine potential future price movements of its native token, $MANTA, to provide a comprehensive MANTA price prediction. Overview Cryptocurrency Manta Network Ticker Symbol MANTA Price $0.94 Price Change 24H +0.6% Market Cap $419,329,788 Circulating Supply 251,000,000 MANTA Trading Volume 24H $19,307,949 All-Time High $4.08 All-Time Low $0.55 Manta Price Prediction: Technical Analysis Metric Value Current Price $0.94 Price Prediction $4.22 (227.47%) Fear & Greed Index 72 (Greed) Sentiment Bullish Volatility 20.40% Green Days 19/30 (63%) 50-Day SMA $0.839536 200-Day SMA $1.12217 14-Day RSI 70.35 MANTA Price Analysis: Manta faces bearish pressure below $1 MANTA price analysis shows bearish pressure around $1. Resistance for Manta is at $0.97. Support for MANTA/USDT is at $0.83. Manta price analysis 1-day chart: Buyers attempt to meet bullish goals above resistance lines Analyzing the daily price chart of the MANTA token, Manta witnessed a surge in selling pressure after sellers sent the price below Fib channels. Over the last 24 hours, Manta’s price has been aiming to hold above $1. The 24-hour volume surged to $13.1 million, increasing interest in trading today. Manta is trading at $0.94, increasing by over 0.6% in the last 24 hours. MANTA Chart on TradingView The RSI-14 trend line has declined from its previous level and currently hovers around 46, showing that bears are slowly gaining momentum in the price. The SMA-14 level suggests upward volatility in the next few hours. Manta/USDT 4-hour price chart: Bulls aim for a hold above EMA lines The 4-hour Manta price chart suggests MANTA continues to bearish activity near EMA lines, creating a negative sentiment on the price chart. Currently, sellers aim for a drop by holding the price below the EMA20 trend line. MANTA Chart on TradingView The BoP indicator trades in a positive region at 0.07, hinting that sellers are trying to build pressure near support levels and boost an upward correction. Additionally, the MACD trend line has formed green candles above the signal line, and the indicator aims for positive momentum, strengthening bullish positions. Manta Price Prediction: Levels And Action Daily Simple Moving Average (SMA) Period Value Action SMA 3 $1.111824 BUY SMA 5 $1.164776 BUY SMA 10 $1.13532 BUY SMA 21 $1.025793 BUY SMA 50 $0.839536 BUY SMA 100 $0.793989 BUY SMA 200 $1.12217 BUY Daily Exponential Moving Average (EMA) Period Value Action EMA 3 $0.995347 BUY EMA 5 $0.919165 BUY EMA 10 $0.849067 BUY EMA 21 $0.809377 BUY EMA 50 $0.789575 BUY EMA 100 $0.880155 BUY EMA 200 $1.177184 BUY What to expect from Manta price analysis next? The hourly price chart confirms bears are making efforts to prevent the Manta price from an immediate surge. However, if the Manta price successfully breaks above $0.97, it may surge higher and touch the resistance at $1.134. MANTA Chart on TradingView If bulls cannot initiate a surge, Manta’s price may drop below the immediate support line at $0.83, resulting in a correction to $0.705. Is MANTA A Good Investment? Manta’s rapid rise in DeFi TVL charts and alignment with Ethereum ‘s scaling roadmap via technologies like Manta Pacific suggest $MANTA’s potential. Grants support its ecosystem growth, and it leads in ZK technology adoption, promising for blockchain ‘s future. However, regulatory concerns over transaction privacy could affect its long-term viability, potentially impacting ZK protocols like $MANTA. Overall, Manta is a good investment if you want a profitable return in the long term. Why is Manta Price Up Today? Following Bitcoin’s surge toward $100K, the price of Manta faced increasing buying pressure. This has also pushed the on-chain metrics of Manta price. Will Manta Price Reach $10? In recent months, the Manta network has been expanding its offerings and establishing multiple partnerships. If buying demand continues to increase in the coming years, its price might surpass the $10 mark. Will Manta Reach $100? Depending on the current market sentiment, the MNT price might take several years to reach the $100 milestone. We expect the Manta price to achieve $100 by 2060. Will Manta Reach $1000? $1000 is a distant dream for Manta price. However, if everything remains in favor of the altcoin market, we might even see the MNT price hitting $1K. Is Manta a Good Long-Term Investment? Investors are bullish on Manta, which has gained significant attention in recent months. If developers continue to build robust utilities for Manta and the roadmap fulfills user demand, it can be a good long-term investment option. Recent MANTA News/Opinions Manta CeDeFi announces surpassing $2.2 million in profits for its users, highlighting its effective blend of CeFi and DeFi strategies. https://twitter.com/Annewinders_/status/1867662068028957148 MANTA Price Prediction December 2024 If the altcoin market witnesses a surge in buying pressure this month, we might see a rebound in the MANTA price. In December, we expect Manta’s price to record a minimum of $1 and a maximum of $1.5. The average price is expected to be around $1.3. Manta Price Prediction Potential Low Potential Average Potential High Manta Price Prediction December 2024 $1 $1.3 $1.5 Manta Price Prediction 2024 Q1 2024 started with Bitcoin ETF approvals, but the quarter will likely remain quiet as key developments are expected later. The Ethereum Dencun upgrade, crucial for rollups like Manta, may be delayed to Q2 or Q3 due to complexity. The Bitcoin halving in April, possible Ethereum ETF approval, and expected Fed interest rate cuts could significantly impact crypto prices. An expanding Manta ecosystem and a potential bull market in late 2024 are set to boost crypto growth. In 2024, Manta Network is anticipated to reach a minimum price of $2.12. Based on our analysis, the maximum possible price for MANTA is estimated to be $2.47, with an average price forecast of around $2.20. Manta Price Prediction Potential Low Potential Average Potential High Manta Price Prediction 2024 $2.12 $2.2 $2.47 Manta Price Predictions 2025-2030 Year Minimum Price ($) Average Price ($) Maximum Price ($) 2025 3.03 3.14 3.60 2026 4.23 4.38 5.19 2027 6.25 6.43 7.60 2028 8.55 8.81 10.75 2029 12.96 13.31 15.02 2030 17.94 18.60 22.28 Manta Price Prediction 2025 Due to the impact of Bitcoin’s halving in 2025, Bitcoin and leading altcoins could reach new highs. However, some believe the event’s predictability changes because of crypto’s current popularity. Technical analysis indicates that in 2025, Manta Network is expected to reach a minimum price of $3.03. The MANTA token might attain a maximum price of $3.60, while the average trading price is $3.14. MANTA Price Prediction for 2026 Ethereum upgrades will benefit Manta Network as it advances toward a rollup-based model. With growing interest in privacy tech like ZK solutions, Manta Network is poised to grow, likely increasing its token value. In 2026, Manta Network will have a minimum price of $4.23. The MANTA token is expected to reach a maximum price of $5.19, with an average price of $4.38. Manta Price Prediction 2027 By 2027, Manta Network is predicted to have a minimum value of $6.25. It may reach a maximum value of $7.60, with an average trading price of $6.43. Manta Network Price Prediction 2028 Through a detailed technical analysis of past price data, Manta Network is estimated to reach a minimum price of $8.55 in 2028. The token could see a maximum price of $10.75, with an average trading price of $8.81. Manta Price Prediction 2029 In 2029, the minimum expected price for one Manta Network token is projected to be $12.96. The maximum price could reach $15.02, with an average trading price of $13.31. Manta Price Prediction 2030 For 2030, the Manta price prediction is a minimum of $17.94. According to our research, the MANTA token could achieve a maximum of $22.28, with an average forecast price of $18.60. Manta Price Prediction 2024 – 2030 Manta Network Price Prediction: Analysts’ MANTA Price Forecast Firm Name 2024 2025 Coincodex $5 $7.92 DigitalCoinPrice $3.68 $4.28 Changelly $2.65 $3.92 Cryptopolitan’s Manta Price Prediction At Cryptopolitan, we are bullish on Manta’s price prediction as it flashes bullish on-chain signals amid growing buying demand. Investors are keenly watching the Manta Network market to discern potential movements in its future price trends and analyze shifts in Manta Network’s price. We expect Manta’s price to reach a minimum price of $2.12. Based on our analysis, the maximum possible price for MANTA is estimated to be $2.47, with an average price forecast of around $2.20. Manta Historic Price Sentiment MANTA price history January 18, 2024: MANTA launched on the open market at approximately $2.24. January 22, 2024: Price rose steadily, exceeding $2.70 before retracting to $2.40. Bullish Rebound: The following months showed a strong upward trend, with MANTA reaching an all-time high of $4 in March. April Decline: Momentum faded, and the price declined below $2. In May, the price of Manta rebounded and is aimed for a retest of the $2 mark. In recent weeks of June, MNT price declined heavily and dropped below the $1 mark. In July, Manta price continued its bearish move as it settled below the $1 mark. In August, the price of Manta surged toward $0.86; however, it later dropped toward $0.6. In September, Manta surged toward the $0.97 high only to face a rejection. In October, the price of Manta surged toward $0.85; however, it failed to maintain that momentum. In November, the MANTA price surged above $1.2 and is currently maintaining above that level.
President-elect Donald Trump has appointed Bo Hines, a former Republican Congressional candidate, to serve as executive director of his new “Crypto Council.” Trump says on the social media platform Truth Social that the group, formally known as the Presidential Council of Advisers for Digital Assets, will be “composed of luminaries from the crypto industry.” The president-elect also notes the council will be chaired by veteran Silicon Valley venture capitalist David Sacks, who Trump tapped to serve as his White House AI (artificial intelligence) and Crypto Czar. Hines is a former college football player and Yale graduate who lost a 2022 race for a North Carolina Congressional District. Says Trump, “In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed. Together, they will create an environment where this industry can flourish, and remain a cornerstone of our Nation’s technological advancement.” Sacks previously served as PayPal’s chief operating officer (COO) and is a high-profile venture capitalist who has invested in Airbnb, Palantir, Postmates, Reddit, Slack, SpaceX, Twitter, Uber and other big-name tech companies. He endorsed Trump in June and hosted a multimillion-dollar fundraiser for the former president at his house in San Francisco. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Donald Trump Appoints Former College Football Player Bo Hines To Lead ‘Crypto Council’ Chaired by David Sacks appeared first on The Daily Hodl .