BitcoinEthereumNews·
The post Russia Approves Revised Crypto Bill for Second Reading appeared on BitcoinEthereumNews.com. Russia’s Financial Market Committee has approved the final version of its crypto bill. The revised bill removes mandatory crypto wallet address reporting, among other changes. Russia proposes a 300,000-ruble annual crypto investment cap for retail investors. Russia has moved one step closer to introducing a comprehensive legal framework for cryptocurrencies after the State Duma’s Financial Market Committee approved the final version of the country’s crypto bill for its second parliamentary reading. The legislation would formally recognize cryptocurrencies as legal property while placing most crypto activity under state supervision. The bill still requires approval in the second and third readings before moving to the Federation Council and, finally, President Vladimir Putin for signing. Lawmakers have also pushed the proposed implementation date from July 1 to September 1, giving regul
Read full articleRussia's diesel export ban may lead to increased global energy costs, influencing geopolitical dynamics and prompting strategic shifts in oil markets. The post Russia bans diesel exports, tightening global supply and driving prices higher appeared first on Crypto Briefing.
Rising oil prices could exacerbate inflation, complicating central bank policies and impacting risk assets like cryptocurrencies negatively. The post Brent crude surges above $80 after US strikes on Iran, dragging crypto markets lower appeared first on Crypto Briefing.
The post Altcoin Market Reaches Extreme Underperformance, 40% of Coins Trade Near Their ATL appeared on BitcoinEthereumNews.com. One of the major drivers of this underperformance is the low liquidity despite thousands of coins being created and added to the market daily. The bear cycle is heavily affecting altcoins as expected. With bitcoin (BTC) struggling to remain above $60,000, this group of cryptocurrencies is having it worse. A report from the market analysis platform CryptoQuant revealed that about 40% of altcoins are currently trading around their all-time low (ATL). This dynamic reflects an extreme level of underperformance among most projects. Altcoins in Extreme Underperformance According to CryptoQuant analyst Darkfost, the extreme underperformance of altcoins reflects the harsh reality facing projects that chose to launch tokens. The analyst said he initially built the Percentage of Altcoins Near ATL chart to visualize coins trading below 25% of their all-time low, only
One of the major drivers of this underperformance is the low liquidity despite thousands of coins being created and added to the market daily.
Poland's missile deal with Anduril may heighten Eastern Europe's military readiness, influencing NATO-Russia dynamics and regional stability. The post Trump announces Anduril to build Barracuda missiles for Poland’s defense strategy appeared first on Crypto Briefing.
Putin's stance suggests prolonged conflict, reducing ceasefire prospects and impacting market stability amid ongoing military tensions. The post Putin claims Ukraine’s energy attacks won’t destabilize Russia appeared first on Crypto Briefing.
The U.S. license for Ukraine to produce Patriot systems could shift military dynamics, potentially impacting territorial disputes like Crimea. The post US grants Ukraine license to produce Patriot defense systems amid Russia conflict appeared first on Crypto Briefing.
The post India’s tax office backs RBI’s lean toward crypto prohibition appeared on BitcoinEthereumNews.com. India’s Income Tax Department has thrown its weight behind the Reserve Bank of India’s push to restrict cryptocurrencies, citing widespread underreporting and the difficulty of tracing offshore trades, according to government documents reviewed by Reuters. The documents, dated May and June, show the central bank restating a position it has held for years. The RBI wants India’s policy on digital assets to be “leaning towards prohibition.” It also wants banks and other financial institutions barred from holding, trading, or taking any exposure to crypto or privately issued stablecoins, stating that such links could spread trouble across the country’s financial system. What is new is the tax department’s public backing. Officials told the government that trades routed through overseas exchanges are hard to monitor, which raises the risk of evasion. In the financial year that ended i
