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Share link:In this post: Michael Saylor has suggested that Bitcoin holders should trust “too big to fail” banks for custodianship instead of self-custody. Saylor has dismissed fears of government confiscation of Bitcoin as paranoia, labeling those concerned as “paranoid crypto-anarchists.” Many in the Bitcoin community criticized Saylor, with some claiming he is trying to transform Bitcoin into a mere investment asset rather than a currency.
Share link:In this post: BTC dropped over 2% to around $67,000, unable to regain the $70,000 mark. Investment giant BlackRock bought 4,869 BTC (approx. $328 million) during the dip. Bitcoin spot ETFs recorded $294.29 million in inflows, with BlackRock’s IBIT ETF leading.
Dubai’s SuiHub supports local entrepreneurs with funding, expertise, and events to build decentralized applications on Sui’s blockchain.
"Fantom's user experience was the best in the last cycle, but the foundation seems to have no idea how to market it," said an old cryptocurrency expert. However, Fantom seems to have gradually come to its senses recently.
Will each chain rushing to "pump.fun" be the "top signal" for meme coins?
- 12:22Russian President Putin officially signs digital currency taxation lawAccording to TASS, Russian President Vladimir Putin has signed a law regulating the taxation of digital currencies. Under the law, digital currencies are recognized as property. This also applies to currencies used for foreign trade payments within the framework of experimental legal systems (EPR) in the field of digital innovation. The mining and sale of digital currency do not require payment of value-added tax. Operators of mining infrastructure must report to tax authorities that issue cryptocurrencies using their services. Failure to deliver such information on time can result in a fine of 40,000 rubles. In terms of personal income tax, digital currency obtained through mining will be classified as physical income (usually used when paying with goods or services instead of money). The value of the received currency will be determined based on market quotes. Such income will be taxed at regular progressive rates while considering deductions for mining costs. At the same time, gains from acquiring, selling or other circulation activities involving digital currencies will be taxed at two-tiered personal income tax rates (13% for incomes up to 2.4 million rubles and 15% for amounts exceeding this). They will fall under the same taxable base as revenues from securities transactions, bank deposits and other sources. In terms of corporate income tax, cryptocurrency mining is subject to standard rate taxation (25% starting from 2025).
- 12:21BTC breaks through 97,000 US dollarsBitget market data shows that BTC has broken through $97,000, currently reported at $97,036.67, with a 24-hour increase of 2.23%.
- 12:20Analysis: The halving cycle effect combined with Trump's relaxation of regulation may help boost BTC's riseOn November 29, Mark Palmer, a senior analyst at the investment bank The Benchmark Company, pointed out that in the past three halving events, Bitcoin has seen a "significant increase" within the next 14-16 months, proving the impact of supply and demand changes on cryptocurrency prices. The price of Bitcoin may also be supported by a more friendly environment for cryptocurrencies. Investors expect Trump's second term to help boost cryptocurrency prices. Traders are looking forward to this so-called "Cryptocurrency President" relaxing regulations and possibly establishing a Bitcoin strategic reserve, which he proposed in the months leading up to the election. It is reported that Trump has also interviewed candidates for a position at the White House specifically responsible for cryptocurrency policy; whoever is elected might become known as history’s first “Cryptocurrency Czar”. Mark Palmer believes that this role itself is beneficial for Bitcoin. He said: "Just having someone focused on making America a leader in areas such as cryptocurrency and bitcoin mining represents a huge change."
