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Bitcoin’s Wobbly Ride: Is a Price Drop Coming?

Bitcoin’s price has been pretty flat lately, bouncing around without much upward momentum. It briefly poked above $105,000 a few times but couldn’t hold the gains. This lack of movement comes as the crypto world deals with the ongoing Middle East situation. Investor Sentiment Turns Sour On-chain data paints a picture of weakening bullish sentiment….

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Brazil’s New Crypto Tax: A Casual Explanation

Brazil just made crypto investing a bit more expensive. They’ve simplified their crypto tax system, ditching the old tiered system for a flat 17.5% tax on all profits. Goodbye, Tax Breaks Previously, Brazilians could sell up to R$35,000 (around $6,300) worth of crypto each month tax-free. That’s gone now. Everyone pays the same 17.5% tax…

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Vietnam’s Big Crypto Move: A New Legal Framework

Vietnam just made a huge leap in its approach to cryptocurrency. A new digital technology law, passed in June 2024, officially brings crypto under the country’s legal umbrella for the first time. This isn’t just about crypto, though; it’s a broader push to become a tech powerhouse. Sorting Out Digital Assets The law categorizes digital…

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Bitcoin Could Crash 80%, Analyst Warns

A crypto analyst, known as DonAlt, is predicting a massive Bitcoin crash in the next bear market. He believes that companies holding large amounts of Bitcoin will trigger the downturn. The Big Sell-Off DonAlt, who correctly predicted the 2022 Bitcoin bottom, says companies holding Bitcoin in their treasuries will be the main force behind the…

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Retiree Loses Life Savings in Elaborate Scam

A 65-year-old Houston man, Hiep Nguyen, lost his entire life savings – $500,000 – to a sophisticated bank fraud scam, forcing him out of retirement. The Scam Nguyen received a call seemingly from the Vietnamese Embassy. The callers convinced him his identity was being used in overseas crimes like money laundering. To clear his name,…

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Big Tech Eyes Stablecoins to Cut Costs

Retail Giants Explore Crypto Walmart, Amazon, and other major corporations are reportedly considering launching their own stablecoins. This move could save them billions in transaction fees, potentially disrupting traditional finance. The idea is to create digital currencies pegged to the US dollar, offering faster and cheaper payments than traditional systems. Expedia and Airlines Join the…

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Gundlach Warns of Massive Capital Flight from US

Worrisome Market Signals Jeffrey Gundlach, the prominent investor known as the “Bond King,” is sounding the alarm about the US economy. He’s noticing unusual market behavior that suggests investors are growing increasingly uneasy about the country’s massive fiscal deficits. He points to strange patterns: the dollar falling even as the stock market drops significantly, and…

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