Popular
Czech Republic to Exempt Long-Term Bitcoin Holdings from Capital Gains Tax Starting 2025
Starting January 1, 2025, long-term crypto holdings in the Czech Republic held for over three years will be exempt from capital gains tax. The law aligns with the EU’s MiCA framework and applies rules similar to securities, incentivising long-term investments but raising concerns over unclear guidelines. Despite concerns, the unanimous approval showcases the Czech Republic’s support for crypto innovation, joining nations like Switzerland and UAE in favourable crypto taxation. The Czech Republic has introduced a new tax exemption law stating that crypto transactions can be excluded from personal taxation as long as they do not exceed CZK 100,000, which is...
ETFs Halted Excessive Price Drain: Will Ethereum (ETH) Bounce Back to $3000 This Week?
The crypto markets appear to have recovered from the recent losses as the global market capitalisation soared back above $2 trillion in the early trading hours. Meanwhile, the Ethereum price reclaimed $2500 as Bitcoin surged back above $57,000. The top two tokens appear to be approaching the major resistance and, if achieved, are believed to have risen above the bearish influence. Despite a major recovery, the question remains the same: whether the Ethereum (ETH) price will regain $3000 and sustain above the range. After a massive loss, Ethereum surged around 4%., reclaiming $2500, which seems to be attributed to the...
Ethereum Spot ETF Sees $98M Inflow Amid Bullish Market Moves
On August 6th, the Ethereum spot ETF witnessed an impressive net inflow of $98.30 million, signaling a robust confidence in $ETH among investors. The Grayscale ETF ETHE saw an outflow of $39.73 million, suggesting some sell-offs in the market. However, the BlackRock ETF ETHA attracted a significant inflow of $110 million, showcasing bullish sentiment. Additionally, the Fidelity ETF FETH contributed an inflow of $22.49 million, further boosting the overall inflow. The total net assets for the Ethereum spot ETF now stand at a remarkable $7.06 billion. With Ethereum currently trading at $2,461.33, up by 1.03% over the last day, the...
