United Kingdom ministers have launched efforts to crack down on crypto traders who try to evade payment of taxes on their profits. Holders of digital assets like Bitcoin, Ethereum, or XRP are expected to pay tax on profits generated from trading the assets, a rule that has been in place for a while. Meanwhile, under the new rules , crypto traders will face fines of up to £300 if they fail to provide their personal details to the cryptocurrency service providers they use to make sure they are paying the right amounts to His Majesty’s Revenue and Customs (HMRC). The government expects that the new crypto tax rule, which is known as the Cryptoasset Reporting Framework and would take effect from January, to raise about £315 million by April 2030. Crypto tax evaders to face fines in the United Kingdom According to the new rules, any crypto service providers that also fail to provide accurate details about transaction and tax reference numbers are expected to also face fines. James Murray MP, Exchequer Secretary to the Treasury, talked about the new rules. “We’re going further and faster to crack down on tax dodgers as we close the tax gap. By ensuring everyone pays their fair share, the new crypto reporting rules will make sure tax dodgers have nowhere to hide, helping raise the revenue needed to fund our nurses, police, and other vital public services,” he said. The new rule comes after Rachel Reeves, Chancellor of the Exchequer, refused to rule out the possibility of tax increases after the United Kingdom government made a U-turn on welfare reforms. The Chancellor, whose tears in the Commons spooked the financial market, said she was not going to apologize for trying to make sure that the numbers add up. “But we do need to make sure that we’re telling a story and a Labour story. We did that well in the Budget and Spending Review, we increased taxes on the wealthiest and businesses,” she said. When asked whether she was prepared to rule out further tax rises, she said it was not going to happen, because it would be “irresponsible for a Chancellor to do that.” Crypto users criticize the new tax rules The new rules, which are expected to take effect in January 2026, will see crypto traders providing certain useful and identifying details to any service provider they use to buy, sell, transfer, or exchange digital assets. The information given to the service provider will ensure each trader’s details will be linked to their tax record, making it easier for the United Kingdom government to find out how much tax they need to pay. Users need to provide information like their full name, date of birth, address, and country where they stay (if they do not live in the United Kingdom). They are also required to present their tax identification number, and in the case of businesses, the legal business name and main business address. Crypto services required to collect this information include crypto exchange applications, online marketplaces where users buy and sell NFTs and services that manage crypto portfolios for users. The new rule has generated quite a buzz among crypto traders in the United Kingdom, with one user noting that it is a win-win for the government. “So you invest what savings you managed to save and buy crypto. If they make a profit, the government tax you but if you make a loss the government aren’t going to be interested, so it’s a win-win for the government,” the user said. Another user argued that they have paid tax on everything they used to set up their small-scale mining hardware, asking the need to pay tax on the profits from her business. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Bitcoin faces renewed pressure after failing to sustain gains above $109,000, signaling cautious sentiment among traders as key support levels come into focus. Market participants are closely monitoring the $100,000
The reactivation of a long-dormant Bitcoin whale, inactive for over 14 years, has captured significant attention in the crypto market. This entity is believed to have moved upwards of 80,000
Bitcoin’s recent options expiry saw a substantial $3 billion in volume, underscoring its significant influence on crypto market dynamics. Ethereum’s options expiry revealed a slightly bearish stance, reflecting nuanced trader
A new Bank of America (BofA) survey shows fund managers across the globe believe one asset class is poised to produce superior returns in the years ahead. BofA’s Global Fund Manager Survey, which polled 190 respondents overseeing $523 billion in wealth, finds that 54% of managers believe that international equities will be the best-performing asset class in the next five years, reports Investing.com. Meanwhile, 23% picked US equities, 13% had their eye on gold and 5% chose bonds. Looking closer at the equities market, BofA’s monthly survey shows that fund managers are increasing their allocation in eurozone and emerging market (EM) stocks while trimming positions in US names. Specifically, they are bullish on stocks trading in the energy and banking sectors as they move capital away from staples, utilities and healthcare. As for the US dollar, the fund managers are at their most underweight position in the American currency since 2005, as 35% say they have larger positions in other currencies. BofA chief investment strategist Michael Hartnett says, “[The] biggest summer pain trade is long the buck.” The poll also finds that “long gold” is still the most crowded trade, with 41% bullish on the precious metal. At the same time, optimism for the Magnificent 7 appears to be waning, with just 23% holding long positions. Based on the results of the June survey, BofA says the most contrarian trades include long US dollar, short gold; long US equities, short eurozone stocks and long consumer stocks, short banks. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action 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 Money Managers Controlling $523,000,000,000 Say One Asset Class Will Outperform US Stocks, Gold, and Bonds Over the Next Five Years, According to Bank of America Survey appeared first on The Daily Hodl .
A crypto whale may have temporarily panicked after yesterday's events and sold a large amount of Bitcoin. As is known, yesterday a cryptocurrency whale that had been sleeping since 2011 woke up and moved 80,000 BTC worth approximately $8 billion. A crypto whale, likely caught up in the wave of FUD from yesterday’s incident, moved 1,550 BTC, or approximately $167 million worth of assets, to cryptocurrency exchange Binance. However, despite the wave of FUD, Bitcoin price has increased by 0.11% since yesterday and is trading above $108,000 at the time of writing. Related News: The US Government's Chief Advisor on Cryptocurrencies, Bo Hines, Reveals His Big Prediction About Cryptocurrencies There is also speculation about the identity of the big whale, who has not sold yet and has simply moved his assets to another crypto wallet. Some low-level evidence suggests that this whale could be Roger Ver, a former BTC supporter and now the founder of another cryptocurrency called Bitcoin SV. Roger Ver is one of the early supporters of BTC, and it is thought that Ver may be preparing a deal with the IRS, the US tax authority, behind the movement of this amount of BTC. *This is not investment advice. Continue Reading: Huge BTC Whale That Panicked Over Yesterday’s FUD on Bitcoin Made Massive Trades Today
Toncoin (TON), a popular blockchain project affiliated with Telegram, has signed a remarkable partnership with the United Arab Emirates (UAE). According to the official announcement, TON users will now be able to stake $100,000 in TON and earn a 10-year UAE Golden Visa. According to the information shared on Toncoin's website, the details of the program are as follows: Application Requirements: $100,000 worth of TON tokens will be staked for 3 years. During this time, the tokens will remain locked. A one-time processing fee of $35,000 will be charged. Related News: Vitalik Buterin Reveals the ‘Real Reason’ Users Prefer Ethereum - “It's Not About Speed or Scalability...” According to the official website, the program features will be as follows: The process from application to visa approval is completed in less than 7 weeks. Instead of a real estate investment of over $500,000 required in traditional visa programs, staking just TON is sufficient. Spouses, children and parents can also benefit from the same visa (only standard government fees are paid). Stake assets remain with the user and can be fully withdrawn after 3 years. It is expected to provide 3–4% annualized returns (APY may vary depending on the price of the TON token) during the staking period. Since many scammers may imitate the TON website during this event, it is important to make transactions from TON's official website. From time to time, scam websites may appear at the top of Google searches. *This is not investment advice. Continue Reading: BREAKING: This Altcoin Has Reached an Agreement with the United Arab Emirates and Will Grant Gold Visas to Token Holders
The U.S. Secret Service recovers $400 million in cryptocurrencies from criminals. Continue Reading: U.S. Secret Service Seizes $400 Million in Crypto from Criminals The post U.S. Secret Service Seizes $400 Million in Crypto from Criminals appeared first on COINTURK NEWS .
Bitcoin is currently consolidating just below its $112,000 all-time high, with bulls firmly defending the $108,000 level as short-term support. This narrow range has created a tense but bullish environment as traders and investors await a decisive move that could shape the market’s direction in the months ahead. Top analyst Darkfost highlights a notable trend: outflows continue to dominate, reinforcing long-term investor confidence. This pattern suggests that rather than exiting the market, seasoned holders are moving BTC off exchanges, typically a sign of reduced selling pressure and strong conviction. It’s not difficult to see why confidence is building. Bitcoin adoption is steadily growing among major corporations and government institutions alike. The digital asset is no longer seen purely as a speculative tool but is increasingly being positioned as a long-term store of value. From corporate treasury strategies to nation-state interest, Bitcoin is gradually becoming embedded in broader financial infrastructure. Bitcoin Range-Bound As Long-Term Confidence Builds Bitcoin is currently trading within a tight range between $103,000 and $110,000. This range has persisted for several weeks, creating a buildup in momentum that suggests a breakout is imminent. A decisive move above $110K could push Bitcoin into price discovery, while a breakdown below $103K would likely trigger an accelerated downside. For now, the market remains in wait-and-see mode. Macroeconomic uncertainty is beginning to ease, with more clarity emerging around interest rate policy and global growth expectations. Many analysts believe that a new bullish phase could unfold in the coming months. Still, risks remain. US Treasury yields are climbing once again, and inflation continues to show signs of persistence—two variables that could dampen market sentiment if they worsen. Despite these headwinds, long-term investor confidence appears strong. Darkfost notes that outflows are once again dominating the market. The monthly outflow/inflow ratio has fallen to 0.9, a level not seen since the depths of the 2023 bear market. A ratio below 1 typically signals sustained demand on the spot market, as coins are being withdrawn from exchanges rather than prepared for sale. This behavior reflects growing conviction among long-term holders. Bitcoin is increasingly being embraced by corporations and even governments as a strategic reserve asset. It is gradually evolving into a modern-day store of value, used to bolster treasury allocations and reduce exposure to fiat currency risks. As outflows continue and adoption grows, Bitcoin’s long-term fundamentals remain intact. The current range may only be a pause before the next major move—one that could define the trajectory of the market heading into Q3 and beyond. BTC Consolidates Below Resistance The 3-day Bitcoin chart shows continued consolidation just below the $109,300 resistance level, with support holding firm near $103,600. This range has defined recent price action, and the low volatility hints at an impending breakout. Notably, BTC remains well above its key moving averages—the 50 SMA at $95,655, the 100 SMA at $90,529, and the 200 SMA at $73,817—suggesting the bullish trend remains intact on the higher timeframe. Despite repeated tests, buyers have yet to break above $109,300 with conviction. However, the series of higher lows since mid-April indicates consistent bullish pressure building beneath resistance. A breakout above the $112K all-time high would mark a major technical shift and push BTC into price discovery, with upside momentum likely accelerating rapidly. Volume remains relatively low, indicating market participants are waiting for a catalyst to confirm direction. Until then, traders are likely watching for another retest of the lower boundary of the range or a decisive move above resistance. As long as BTC maintains its current structure and key support holds, bulls remain in control. A close above the resistance zone would set the stage for the next leg up in this bullish cycle. Featured image from Dall-E, chart from TradingView
ChatGPT has projected that XRP could reach $2.50 by July 31, representing an approximate 12.6% increase from its current price of $2.22, which is already up 1.34% in the past 24 hours. This forecast comes at a time when Ripple has taken a groundbreaking step toward transforming its role in the U.S. financial sector by applying for an official banking license. In response to a query on XRP’s short-term outlook, ChatGPT stated, “Given the current trajectory of XRP at $2.22 and the added positive sentiment from Ripple’s regulatory advancements, XRP could climb approximately 12.6% to $2.50 by July 31.” The prediction reflects not only the asset’s market performance but also the potential market reaction to Ripple’s new regulatory initiative. Ripple’s Application for a U.S. Banking License Ripple’s application for a U.S. banking license marks one of the most consequential developments for the company and XRP in recent years. If approved, Ripple would become a licensed bank in the United States, allowing it to operate directly within the regulated financial system and offer payment and settlement services without relying on third-party intermediaries. This move is widely viewed as a strategic pivot to reinforce Ripple’s legitimacy and expand its services within the traditional banking ecosystem. Regulatory approval would mean Ripple could provide its technology — and XRP itself — as a trusted component in cross-border payments. Ripple’s approach signals confidence in its ability to meet stringent regulatory requirements and demonstrates its intent to work within established frameworks. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Implications for XRP’s Use in Cross-Border Payments One of XRP’s primary use cases is facilitating cross-border money transfers by acting as a bridge currency. With a banking license, Ripple would gain the ability to integrate its services, and by extension, XRP, much more deeply into legacy financial systems. According to analyst commentary, this integration could significantly enhance the speed, cost efficiency, and reliability of international transfers. This potential for greater adoption of XRP in mainstream financial services strengthens the fundamental case for the token. Credibility and Regulatory Oversight Strengthen XRP’s Outlook Regulatory clarity and institutional trust are key factors that could bolster investor confidence in XRP. By aligning itself more closely with regulators and becoming subject to U.S. banking oversight, Ripple demonstrates its willingness to operate transparently and within legal boundaries. As ChatGPT highlighted in its forecast, the market often reacts positively to credible institutional moves that reduce risk and enhance the asset’s appeal to conservative investors. “The combination of strong recent performance, Ripple’s institutional strategy, and improved regulatory standing supports a realistic expectation of XRP reaching $2.50 by the end of July,” ChatGPT stated. 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 ChatGPT Sets XRP Price for July 31, 2025 appeared first on Times Tabloid .