Month: January 2025

As Venezuela continues to battle hyperinflation and economic instability, cryptocurrencies have emerged as a lifeline for many citizens.  With the country’s currency, bolivar, losing its value at an alarming rate and the US dollar becoming increasingly inaccessible for daily transactions, Venezuelans are turning to digital currencies—particularly stablecoins—as a means...

Intensifying its grip on crypto activities yet again, China introduced new foreign exchange rules that impose stricter scrutiny on crypto transactions.  According to a report from the South China Morning Post on 31 Decmeber 2024, banks are expected to monitor and report “risky foreign exchange trading behaviours.” This includes...

The US Internal Revenue Service (IRS) announced a one-year delay in the implementation of new tax reporting requirements for cryptocurrencies. It is now set to take effect on 1 January 2026. The postponement gives brokers more time to adapt to the regulations, which focus on determining the cost basis...

Indonesia’s plan to shift crypto asset supervision from the Commodity Futures Trading Agency (Bappebti) under the Trade Ministry to the Financial Services Authority (OJK) has yet to materialize. The transition, mandated by the Financial Sector Law, was expected to be completed by January 12, 2025, but progress has stalled...

Crypto beckons the year of mainstream adoption in 2025, as Trump crypto plans for a Bitcoin Reserve are bolstered by Elon Musk crypto influence. As we start 2025, the cryptocurrency space is poised for significant changes, especially with Donald Trump as the elected  U.S. President and Elon Musk’s deep...

Non-fungible tokens (NFTs) closed 2024 on a strong note, with annual sales surpassing $8.83 billion, according to data from CryptoSlam. This marks a 1.1% increase over the $8.7 billion recorded in 2023, suggesting a modest but notable recovery for the digital collectibles market. Ethereum and Bitcoin led the charge...

BlackRock’s iShares Bitcoin Trust (IBIT) emerged as the dominant player in the cryptocurrency exchange-traded fund (ETF) market, recording over $37 billion in net inflows in 2024, according to data from Farside Investors. Fidelity’s Wise Origin Bitcoin Fund (FBTC) secured the second spot at nearly $12 billion in net inflows....

The cryptocurrency market continues the race against time as it prepares for the upcoming year that is 2025. This year will mark the introduction of several unprecedented milestones and transformations as per the forecasts made by industry experts. The recent comments made by analysts visualize a crypto landscape that...

The cryptocurrency market is gearing up for a pivotal month as January 2025 ushers in significant political, economic, and technological changes. From potential policy shifts under the Trump administration, to anticipated breakthroughs in crypto asset performance and industry innovation, the landscape promises to be dynamic and transformative! 2024 was...

If you are a crypto investor, crypto tax is an important subject for you. Yes, crypto continues to reshape the global financial landscape. But governments worldwide are grappling with how to regulate and tax this market.  While some nations impose stringent taxes or outright bans on crypto, others have...