Crypto News

Ukraine’s top financial regulator is floating the idea of taxing cryptocurrency as personal income, with possible carveouts for certain foreign asset-backed stablecoins, under a newly proposed taxation matrix published on Tuesday.In a translated letter introducing the potential new approach, Ruslan Magomedov, head of Ukraine’s National Securities and Stock Market Commission, said that effective tax policy is a necessary step in preventing financial abuse and facilitating the “legal and responsible use of digital assets.”“Establishing fair and understandable taxation rules is also a prerequisite for attracting investment and integrating the Ukrainian virtual asset market into the global financial market,” Magomedov added.Under the NSSMC’s suggested tax scheme, certain crypto transactions — essentially those in which non-stablecoin cryptocurrencies are cashed out for fiat currency or...

Altcoins like DOGE and XRP are ripping higher after President Trump put a 90-day pause on most of his "reciprocal" tariffs.Source link

Kevin O’Leary urged the Trump administration to impose a 400% tariff on Chinese goods, arguing that the current 104% tariff is insufficient to compel China to follow trade rules. O’Leary said these statements prior to U.S. President Donald Trump pausing some tariffs for 90 days on Wednesday afternoon. O’Leary Calls for Maximum Pressure on ChinaSource link

President Trump's administration wants a weaker dollar and that's bullish for bitcoin (BTC), asset manager Bitwise said in a report Tuesday."When it comes to the tariff push, the thing i'm most certain of is this: the Trump administration wants a significantly weaker dollar," wrote Matt Hougan, chief investment officer at Bitwise.After a week of market turmoil cryptocurrencies surged on Wednesday following President Trump's announcement of a 90-day pause on tariffs for countries that haven't retaliated against the U.S..A weaker dollar has significant implications for bitcoin. Bitwise notes that over the last five years the cryptocurrency has had a negative correlation to the U.S. Dollar Index (DXY). When the dollar falls, bitcoin rises, and Bitwise said it expects this relationship to...

Cryptocurrencies jumped on Wednesday on news that Donald Trump stepped back some tariff burdens on countries — except for China.According to Trump's post on Truth Social, he issued a 90-day delay on tariffs and a substantially lowered 10% rate of reciprocal tariff for this period against all countries except China. Meanwhile, he said he raised tariffs for China to 125%, "effective immediately."Bitcoin (BTC), treading water around $77,000 during most of the U.S. session, surged above $81,000 on the news, up 5.5% over the past 24 hours. Altcoin majors rallied even more, with XRP, Solana's SOL, Avalanche's AVAX, Chainlink's LINK, Hedera's HBAR and SUI posting over 10% gains in the broad-market CoinDesk 20 Index. Ethereum's ETH rallied to $1,600, up 8%...