Japan has reclassified XRP, Bitcoin, Ether, and about 100 other cryptocurrencies as financial products rather than payment instruments. This shift could lower tax rates on crypto gains from as high as 55% to a flat 20%, aligning crypto profits with stock gains, and introduces a three-year loss carry-forward provision. The change aims to integrate crypto more closely with traditional financial markets, potentially paving the way for crypto ETFs on the Tokyo Stock Exchange and broader institutional adoption. Investors should verify the legal details with Japanese authorities before acting on these changes.
A new scam website nearly identical to Ripple's official site has been targeting long-term XRP holders by promising exclusive rewards for patient investors. The fake site uses Ripple's branding and tricks users into approving transactions that drain ...
Bitcoin traded near $64,270 on August 5, showing limited gains despite record highs in global stock markets and falling oil prices. The cryptocurrency remains about 49% below its all-time high and faces resistance at $64,300, a key level for confirmi...
U.S. spot XRP ETFs have recorded four consecutive days without outflows, with net inflows totaling about $15.4 million before a flat session on August 4. Despite no new inflows on August 4, the cumulative net inflows remain robust at $1.51 billion, r...
XRP's price hovered near $1.07 on August 5, 2026, showing weak buying momentum and trading close to a crucial support range of $1.05 to $1.06. Despite four consecutive days of inflows into U.S. spot XRP ETFs, the token's price remains confined within...
Bitcoin remained stable around $64,000 despite global stock markets reaching new highs driven by enthusiasm for AI-related shares. Ether was the only major cryptocurrency to decline over the week, falling about 2%. The market showed little reaction t...
