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  • Jan 23, 2025

Japan's core inflation hits 16-month high, markets brace for BOJ hike

TOKYO (Reuters) -Japan's core consumer prices rose 3.0% in December year-on-year to mark the fastest annual pace in 16 months, likely cementing a central bank rate hike later in the day and retaining bets that borrowing costs will keep rising from ultra-low levels. The data on Friday comes hours before the Bank of Japan concludes its two-day policy meeting, when it is expected to raise short-term interest rates to 0.5% from 0.25%. The increase in the core consumer price index (CPI), which excludes the impact of volatile fresh food prices, matched a median market forecast and followed a 2.7% gain in November.

  • Jan 23, 2025

Eric Trump Confirms U.S.-Based Crypto Projects Will Benefit From Zero Capital Gains Tax

This week, there’s been some big news for U.S. based crypto projects. Eric Trump confirmed that U.S.-based projects like XRP and HBAR will eventually benefit from zero capital gains tax, while non-U.S.-based projects face a 30% tax. Additionally, Sen. Ted Cruz plans to use the Congressional Review Act to challenge a controversial IRS rule requiring DeFi brokers to report user data. Critics, including Cruz, argue the rule stifles innovation and infringes on privacy. With growing support, Cruz’s e

  • Jan 23, 2025

SEC Staff Repeals Crypto-Accounting Guidance Reviled by Industry

(Bloomberg) -- US Securities and Exchange Commission staff repealed accounting guidance the crypto industry has said squashed its ability to work with banks.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersHoboken PATH Station Will Close for Almost a Month on Jan. 30“The staff reminds

  • Jan 23, 2025

Why Dogecoin Is Plummeting This Week

The cryptocurrency Dogecoin (CRYPTO: DOGE) saw its value sink this week. Dogecoin is feeling the pressure of high-profile entrants into the meme coin space this week weakening its main value proposition in some investors' eyes. Trump released his meme coin days before he was sworn in as president.

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