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Portuguese Parliament Rejects Crypto Tax Proposals During Budget Debate


Two proposals to tax crypto assets have failed to gain support from Portuguese lawmakers who are now discussing the state budget. The bids came from minority left-wing parties, while the ruling majority is yet to put forward its own draft to regulate the matter. Portuguese Lawmakers Stop Motions...

Biggest Movers: XMR Hits 2-Week High, LRC Climbs for Fifth Straight Day


Following a bearish start to the day, XMR climbed to a two-week high during today’s trading session. Gains in monero come as LRC also saw its price move higher, rising for a fifth consecutive day, as it approaches a multi-week high of its own. Monero (XMR) Monero extended a recent bullish...

Biggest Movers: SOL, NEAR Fall Over 10% During Tuesday’s Session


Crypto markets were down across the board on Tuesday, as bears re-entered the market, following strong gains on Monday. SOL was one of the tokens to fall, as it lost just over 10% of its value. NEAR also slipped by over 10% during the session. Solana (SOL) SOL was one of the most notable tokens...

Bitcoin and Ethereum Hold Gains, Altcoins Accelerate


  Bitcoin price remained well supported above the USD 28,500 level and started a decent increase above the USD 29,500 resistance. It is currently (04:00 UTC) trading near USD 30,200 and is up 3% in a day and 4% in a week. Similarly, most major altcoins are moving higher. ETH recovered losses...

Australian Taxation Office to Focus on Capital Gains From Crypto Assets


The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their...

Portugal to Tax Cryptocurrency Income According to Minister of Finance


Portugal, one of the countries considered a crypto tax haven due to its absence of crypto-related taxation, is preparing to change this policy. Fernando Medina, minister of finance of Portugal, stated that the country is working on a framework to allow the taxation of cryptocurrency income gains...

Dollar Gains Near Two-Decade High on Monday


The US Dollar has gained a stronger momentum at the beginning of the week against its peers to near the 20-year high mark. The currency was last seen trading at 104.54 in the index, having crossed 105 for a moment at the end of the previous week. Investors sought safety amid rising concerns about...

Bitcoin and Ethereum Look for Direction, ADA and SOL Trimmed Gains


  Bitcoin price started a downside correction from the USD 31,500 zone and declined below the USD 30,000 support zone before recovering. It is currently (11:29 UTC) trading near USD 30,100 and is almost unchanged in a day. It’s still down 12% in a week.... Read More: Bitcoin and Ethereum Look...

Bitcoin and Ethereum Consolidate Gains, ADA and SOL Accelerate


  Bitcoin price started a recovery wave above the USD 30,000 resistance zone and climbed above the USD 31,000 level before correcting lower again. It is currently (04:06 UTC) consolidating gains near USD 30,400 and remains at a risk of a downside break below USD 30,000. BTC is up 2% in a day...

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