Ukraine has officially established an 18% income tax rate for individuals deriving income from operations involving virtual assets. This move formalizes the taxation of cryptocurrency-related earnings and aligns the treatment of digital assets with broader income tax regulations within the country. Establishing a Clear Tax Framework for Virtual Assets The introduction of the 18% income … Continue reading "Ukraine Sets 18% Income Tax on Virtual Assets" The post Ukraine Sets 18% Income Tax on Virtual Assets appeared first on Cryptoknowmics-Crypto News and Media Platform .
The post Is Strategy Really Planning to Sell Its Bitcoin? appeared first on Coinpedia Fintech News A recent rumor claimed Strategy might sell its Bitcoin holdings if prices fall, citing an 8-K form filed with the SEC on April 7. However, this sparked confusion, as the statement is part of a routine risk disclosure, not a sign of panic. Similar language has appeared in past 10-Q reports, including Q1 2024 and throughout 2023. It’s a standard precaution many public companies include, and doesn’t indicate any immediate plans to sell Bitcoin due to market drops.
On April 27, 2025, Kyiv will once again become the epicenter of the crypto industry
President Donald Trump’s astonishing new tariffs on China officially took effect at midnight Wednesday, causing a global market plunge that took the S&P 500 index below 5,000. The tariffs, totaling 104%, are part of the administration’s protectionist trade agenda that has deepened economic hostilities between the US and the Asian nation. In a press briefing late Tuesday, White House Press Secretary Karoline Leavitt confirmed the implementation of the tariffs, which she described as a necessary response to “years of economic exploitation” by foreign nations, especially China. President Trump is using his “payback” trade strategy to punish countries he claims have taken advantage of American industries and workers. Early this morning, China’s Commerce Ministry condemned the decision, calling it “a mistake upon a mistake.” Officials in Beijing promised to impose retaliatory measures and warned that Trump’s choices could severely damage bilateral trade. China tariffs increased, stock market reacts negatively Beijing’s refusal to back down from its planned retaliatory tariffs on US exports, which was announced last Friday, gave the Trump administration reasons to bump up Chinese tariffs. Originally set to increase by 34%, tariffs on Chinese imports were augmented after China announced Tuesday it would proceed with its own 34% tariff hike by noon. In response, Trump added another 50% in duties. In addition to the headline tariffs, Trump signed an executive order late Tuesday tripling the duty on packages valued under $800 to target Chinese e-commerce platforms like Shein, Temu, and AliExpress. Previously exempt under the “de minimus” rule, these packages were initially set to face 30% tariffs starting May 2. Trump’s order, which raises that rate to 90%, would affect millions of American consumers who rely on low-cost online imports. Leavitt defended the move, asserting that Trump “has a spine of steel” and would not be pressured into reversing the tariffs. “Countries like China, who have chosen to retaliate and try to double down on their mistreatment of American workers, are making a mistake.” ~ said Leavitt. The US stock market, which had briefly surged Tuesday morning, took back all the positives after Leavitt’s comments. According to Google Finance data, the Dow Jones Industrial Average index dropped 320 points or 0.84%, the S&P 500 fell 1.57%, and the tech equities-oriented Nasdaq Composite slid 2.15%. In Asian markets, Japan’s Nikkei 225 plunged 4.56%% in Wednesday’s open trading session. Hong Kong’s Hang Seng also tanked 0.53%, while South Korea’s KOSPI and Australia’s ASX 200 each shed around 1%. The S&P 500 has posted losses for four consecutive trading days, falling below the 5,000 mark to 4,982, for the first time in almost a year. The index is currently down 18.9% from its February 19 peak. According to LSEG data, S&P 500 companies have lost $5.8 trillion in value since the announcement of Trump’s tariff plan last Wednesday, the biggest four-day market drop since the index was created in the 1950s. Breaking post-war economic normalcy Trump’s trade policies are drifting global trade much further from the post-World War II economic consensus, which prioritized open markets and multinational cooperation. Economists and trade analysts worry the administration’s actions are destabilizing global alliances that supported decades of economic growth. “ There is a deep irony in Trump claiming unfair treatment of the American economy at a time when it was growing robustly while every other major economy had stalled or was losing growth momentum. The Trump tariffs are likely to end America’s remarkable run of success and crash the economy, job growth and financial markets.” ~ said Eswar Prasad, a professor of trade policy at Cornell University. Trump and his advisers, including trade architect Peter Navarro, believe America’s large trade deficits are proof enough that the US is a victim of unfair global practices. “ They’ve taken so much of our wealth away from us ,” Trump reckoned on April 2 in the Rose Garden. “ We truly can be very wealthy. We can be so much wealthier than any country .” The United States recorded a $1.1 trillion trade deficit in 2024, the highest by any nation, according to Statista. China was America’s second-largest importer last year, sending $439 billion in goods to the US, while American exports to China totaled just $144 billion. Still, naysayers argue that trade deficits are not inherently harmful to an economy. The US has run trade deficits every year for more than 50 years while becoming the world’s largest economy. In 2023, the country exported $3.1 trillion in goods and services, outpacing every nation except China. “ There is no reason to think that a bigger trade deficit means lower growth. In fact, the opposite is closer to the truth in many countries ,” said Maurice Obstfeld, a senior fellow at the Peterson Institute for International Economics and former IMF chief economist. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Donald Trump has launched a full-blown trade war , enforcing major tariffs on China, the EU, and other key trading partners, despite financial market turmoil and warnings from business leaders. The new tariffs, including a massive 104% levy on Chinese goods, came into effect at midnight in Washington and signal a major shift away from decades of global trade liberalization. Markets plunged in response , with US Treasuries, Japanese bonds, and S&P 500 futures falling sharply. In Asia, the sell-off continued as investors reacted to the move. Oil prices also dropped, with Brent crude falling 4% and West Texas Intermediate hitting a four-year low. Around $6.2 trillion has been wiped off the S&P 500 index since Trump first announced the tariffs last week. Trump has pushed forward with his aggressive trade agenda since returning to office, claiming the global economic system has taken advantage of the US. Despite behind-the-scenes efforts by Treasury Secretary Scott Bessent to start talks with countries like Japan and South Korea, Trump publicly dismissed the need for new trade deals, saying, “I know what the hell I’m doing.” In a post on Truth Social, he positioned himself as a champion for American workers over corporate interests. But his approach has sparked fears of inflation, recession, and a broader global slowdown . Goldman Sachs analysts warned the market reaction signals a major downgrade in US growth expectations. The tariffs have also created internal rifts. While Bessent speaks of possible negotiations, Trump’s trade advisor Peter Navarro insisted there would be none. Elon Musk harshly criticized Navarro, calling him a “moron” for attacking his opposition to the tariffs. Even some Republican allies have pushed back , highlighting the deepening divide over Trump's protectionist path.
Ethereum has wiped out seven years of gains, plummeting more than 10% over the past 24 hours in a fall below its 2018 cycle peak of $1,450. The second largest crypto asset by market capitalization tanked to $1,400 in early trading on Wednesday in Asia. The move was part of a broader crypto market slump as Donald Trump’s global trade tariffs came into effect on April 9. The asset is now more than 70% down from its 2021 market cycle peak of $4,878, and the majority of those losses have been over the past three months. $ETH – #Ethereum is trading at generational lows. I think it will find a bottom overhere soon. Insane opportunity. pic.twitter.com/LFuAdfoby0 — Crypto Caesar (@CryptoCaesarTA) April 8, 2025 Ethereum Technicals Break Down Ethereum has also dropped below its realized price, meaning that the average long-term holder is now underwater, as are short-term Bitcoin holders . However, this has historically marked major accumulation zones and bottoming phases. Additionally, the BTC/ETH ratio, which is a measure of the asset price in terms of Bitcoin, has dumped to its lowest levels for five years at 0.018, according to Tradingview. Ethereum / Bitcoin pair is at the bottom zone! A big move is coming soon… Be patient $ETH #ETH #Ethereum pic.twitter.com/BxqPo89pZ9 — @CryptoELlTES (@CryptooELITES) April 7, 2025 Analyst James Check shared an even more depressing statistic in that Bitcoin has outperformed Ethereum for 85% of trading days since the asset was launched in 2015. Nevertheless, it appears to be weak retail hands that are panic selling since institutional ETF investors seem to be holding. The majority of spot Ether ETFs in the United States have seen zero flows or very minor outflows over the past few days as spot prices collapsed, according to Farside Investors. Where Next For ETH? On the positive side, analysts have noted a dwindling supply of Ethereum on exchanges, which could lead to a supply shock. The Ethereum supply shock is coming. And 99% of people aren’t ready for it. This will melt faces. pic.twitter.com/EM4ySH9UWl — Merlijn The Trader (@MerlijnTrader) April 8, 2025 Other technical signals, such as RSI (relative strength index), are deep in oversold territory, suggesting that a bottom could be near. Fundamentally, little is likely to change until the macroeconomic outlook improves and trade deals are made between the US and global trading partners, which could be later this year. Central banks printing more money to put out the fires could also inject more liquidity into crypto assets. Ethereum could also be boosted if real-world asset tokenization takes off and the network is used for products, increasing the demand for ETH. Until then, Ethereum remains the outcast of the crypto community having lost all value accrued since 2017. Some say it is a generational buying opportunity, others have jumped ship already. The post Ethereum Wipes Out 7 Years of Gains in Crash to $1,400, Where Next for ETH? appeared first on CryptoPotato .
Michael Saylor’s software company, Strategy, which is heavily invested in Bitcoin, may soon have to sell some of its Bitcoin holdings to meet financial obligations. In an Apr. 7 regulatory filing , the company disclosed that if it fails to secure timely financing, either through equity or debt, it may be forced to sell Bitcoin ( BTC ) to meet its financial obligations. Bitcoin’s price has a huge impact on the company’s capacity to settle its debts since the majority of Strategy’s assets are in Bitcoin. For Q1 2025, Strategy expects to report an unrealized loss of nearly $6 billion, despite a $1.69 billion tax benefit. The company has around $8 billion in debt and faces a huge financial pressure with $35 million in annual interest payments and $150 million in yearly dividends. Its software business has not been generating enough revenue to support these obligations. According to Saylor’s Mar. 31 post on X, the company holds 528,185 BTC purchased at an average price of $67,458 per coin, acquired for more than $35 billion. If Strategy is unable to secure additional funding, it could result in selling at prices lower than its initial investment. You might also like: ‘Macro uncertainty’ could boost demand for crypto: Binance CEO While this situation raises concerns, Wu Blockchain pointed out that similar warnings have appeared in past filings, meaning it’s not entirely unusual. The rumor has it that Strategy filed an 8-K form with the SEC on April 7, stating that if the price of Bitcoin continues to fall, the company may be forced to sell its Bitcoin holdings to repay debts. It was found that this statement is a standard risk disclosure practice, and it… — Wu Blockchain (@WuBlockchain) April 9, 2025 To address its liquidity crisis, on Mar. 10, Strategy announced its plan to raise $2.1 billion through the sale of perpetual preferred stock. The funds from this offering will be used to support corporate operations in addition to buying more Bitcoin. The preferred stock, which offers an 8% dividend, will help Strategy raise capital without relying on traditional debt structures. However, the company’s future still heavily depends on how well Bitcoin performs, even if it can secure this new investment. Bitcoin is trading at roughly $76,000 at press time, down 10% over the past week. Despite the bearish outlook brought about by Trump’s tariffs , some analysts remain optimistic about Bitcoin’s near-term future. BitMEX co-founder Arthur Hayes stated in an Apr. 8 interview with Unfolded that Bitcoin might hit $110,000 or higher in the coming months. According to Hayes, central banks everywhere will soon need to lower interest rates, which could lead to an increase in global liquidity. This infusion of liquidity would help Bitcoin as a deflationary asset, raising its price. Read more: Arthur Hayes: Bitcoin may surge as Chinese investors hedge against yuan drop
While crypto prices have seen short-term pullbacks, long-term projections for Solana , Bitcoin (BTC) , and XRP remain firmly bullish. Analysts continue to see substantial upside—up to 50x in some forecasts—citing growing adoption, solid fundamentals, and historical patterns that favor strong rebounds from market corrections. Alongside these headline assets, established players like Ethereum (ETH) , Cardano (ADA) , Hedera (HBAR) , and Chainlink (LINK) remain active in development and institutional partnerships. Yet among early-stage launches, few are drawing more attention than MAGACOINFINANCE , a transparent, retail-first token model that’s rapidly gaining steam. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH CO-DE MAGA50X MAGACOINFINANCE – Public-Powered and Built for Real Growth MAGACOINFINANCE has now raised over $5.3 million , powered entirely by public participation. There are no private sales, no early unlocks, and no preferential treatment—every token sold has been offered at a flat $0.0002704 , with a confirmed listing at $0.007 , giving early contributors a 2,488% upside even before open trading. What makes MAGACOINFINANCE different is its simplicity and fairness. With a fixed 100 billion token supply and a growing community that’s actively sharing the project across platforms, it’s become a rare example of a crypto launch that truly favors retail participants over institutions. With the final tokens quickly being claimed, this is one of the last chances to gain access before the project hits centralized exchanges. PRE-SALE SELLING OUT -CLICK HERE TO JOIN A BILLION DOLLAR PROJECT MAGA50X BONUS – FINAL OPPORTUNITY TO GET 50% MORE The MAGA50X promotion remains live and gives all contributors an additional 50% bonus in token allocation. Once the remaining supply is sold, the offer ends permanently. ETH, ADA, HBAR, and LINK Remain Developer Favorites Ethereum (ETH) continues to lead in smart contract execution and ecosystem depth. Cardano (ADA) pushes forward with network improvements and governance upgrades. Hedera (HBAR) maintains focus on scalable, enterprise-level distributed ledger solutions. Chainlink (LINK) supports multi-network communication through its trusted oracle network. JOIN 10,000+ INVESTORS-CLICK HERE TO SECURE A SPOT NOW Conclusion Despite recent dips, the long-term picture for Solana , Bitcoin (BTC) , and XRP remains strong, with many projecting significant returns by 2025. Paired with sustained development from ETH , ADA , HBAR , and LINK , the broader market remains vibrant. Meanwhile, MAGACOINFINANCE continues to carve out its place as one of the most promising new tokens for retail-focused investors looking ahead. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Despite the Dip, Solana, Bitcoin (BTC), and XRP Still Show 50x Upside
A Nigerian court has delayed proceedings in the tax evasion case involving Binance and two of its executives until April 30, allowing more time for the country’s tax authority to respond to a legal challenge raised by the cryptocurrency exchange. The Nigeria Federal Inland Revenue Service (FIRS) had earlier secured a court order to serve legal documents on Binance via email, citing the platform’s lack of a physical presence in Nigeria. Binance’s legal counsel, Chukwuka Ikwuazom, argued that the court order permitting substituted service was granted improperly, as the tax authority failed to seek court approval to serve documents on a foreign entity. According to Ikwuazom, Binance is registered and domiciled in the Cayman Islands and, therefore, should not be subject to local procedures without explicit judicial consent. The defense has filed a motion to annul the order issued by the court on February 11. $81.5 Billion in Claims and Allegations of Currency Impact The legal action is part of broader efforts by Nigerian authorities to assert regulatory control over cryptocurrency operations. The Nigerian government is seeking $79.5 billion in damages for alleged economic disruptions caused by Binance’s operations and an additional $2 billion in back taxes. Authorities claim that the exchange played a role in exacerbating the volatility of the naira by facilitating crypto-based currency exchanges. In 2024, two Binance executives were detained amid rising scrutiny of cryptocurrency platforms in Nigeria. The government argues that Binance’s activities amount to a “significant economic presence,” making it liable for corporate income tax under Nigerian law. The FIRS is pursuing taxes for fiscal years 2022 and 2023, alongside a 10% annual penalty on the unpaid amounts. Binance has stated that it is cooperating with the FIRS to resolve any historic tax obligations and remains engaged with Nigerian authorities on the matter. Implications for Crypto Regulation and International Jurisdiction The ongoing legal developments raise broader questions about jurisdictional authority in the digital age. The court’s decision to initially allow email service on a company without a local physical presence may test the boundaries of Nigeria’s legal system in dealing with cross-border digital entities. The challenge posed by Binance’s legal team reflects the complexities of international law, particularly in cases involving digital asset platforms that operate across multiple jurisdictions. The case may also influence future regulatory frameworks in emerging markets, especially those seeking to curb the potential for cryptocurrencies to circumvent traditional financial oversight. As more countries explore central bank digital currencies and digital tax compliance, the Binance case could become a benchmark for how similar disputes are handled globally. The outcome of the April 30 hearing could shape the regulatory roadmap for crypto firms operating in regions with evolving financial laws. Featured image created with DALL-E, Chart from TradingView
Stablecoin issuer First Digital Trust says it transferred over $500 million in TUSD reserves to the Dubai-based ARIA Fund at the request of Techteryx. Funds Transferred in Multiple Transactions First Digital Trust (FDT), the stablecoin issuer currently embroiled in a bitter dispute with Tron blockchain founder Justin Sun, said it transferred over $500 million in