Crypto News Archive - Seite 185 von 1652 - Finanzmittel Info + Krypto + Geld + Gold

16. Mai 2025

Onyxcoin price soars as 24-hour volume explodes 600%

Onyxcoin (XCN) price soared 16% as the altcoin outpaced peers.
Gains for XCN came as daily volume rose by more than 600%.
Most altcoins are trading green on the daily and weekly time frames amid risk-on sentiment.

Onyxcoin (XCN) is outpacing most altcoins in the past 24 hours as interest in the token sends its price skyrocketing.

Attention on the XCN coin has seen its price jump more than 16% in the past 24 hours, with volume exploding a staggering 600%.

With Onyxcoin eyeing a likely listing on a major exchange, its price could rally to new multi-month highs.

Onyxcoin price jumps as volume explodes

The broader cryptocurrency market is experiencing notable optimism as Bitcoin’s resilience above $100k continues to boost traders.

Ethereum’s gains have also seen altcoins eye fresh traction, as investors look to diversify their portfolios beyond Bitcoin.

While the fear and greed index, a key indicator of market sentiment, trends in the greed zone, small caps like Onyxcoin are building momentum.

In the past 24 hours, Onyxcoin’s price has surged more than 16%, reaching $0.022.

The token traded at lows of $0.016. Amid this hyped performance, XCN has recorded a daily volume of over $210 million.

This remarkable performance has positioned XCN as one of the top gainers in the cryptocurrency market.

Speculation about a potential Binance listing has the market in anticipation of fresh gains, which is the case if bulls continue to dictate sentiment.

“Crypto is leading the rebound. $BTC is nearing ATHs, $ETH is catching up, and with Coinbase set to join the S&P 500 on May 19, digital assets may see a fresh wave of inflows,” QCP Capital noted.

XCN price analysis

Onyxcoin’s price action looks bullish given the current movement and technical indicators. A look at the charts shows there’s notable resistance around $0.023.

However, above this, buyers may want to push for a retest of the hurdle near $0.030 and one-year highs of $0.35.

The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators on the daily chart align with this outlook.

If bulls manage to break above resistance at the $0.023 level, they could pull XCN to new multi-month highs and target new gains.

However, a dip to $0.016 could accelerate selling, with a potential breakdown that pulls prices to lows of $0.0084 reached in early April 2025.

The long-term descending trend line gave way for recent gains, but bulls are not completely out of the woods.

Despite this, the huge volume coupled with broader market sentiment suggests that Onyxcoin could be positioned for a new leg up.

The post Onyxcoin price soars as 24-hour volume explodes 600% appeared first on CoinJournal.

16. Mai 2025

UK confirms crypto tax data rules under CARF; first deadline set for May 2027

CASPs must collect all user data but report only on UK and CARF tax residents.
Service providers will incur up to £300 penalty per user for non-compliance.
UK aligns with over 40 jurisdictions pushing for crypto tax transparency.

The UK government has confirmed it will implement new crypto tax data rules under the Organisation for Economic Development’s (OECD) Crypto-Asset Reporting Framework (CARF), aligning with international standards on tax transparency.

Cryptoasset service providers (CASPs) operating in the UK must collect user data from 2026 and submit reports starting May 2027. These changes aim to curb tax evasion, strengthen global reporting obligations, and increase accountability in the digital asset sector.

The regulations will apply to all CASPs offering exchange, transfer, or custodial services, even if the firm is not based in the UK.

Entities will be required to gather identity and transactional data from all users but only report on users who are tax residents in the UK or jurisdictions that have adopted the CARF rules.

Reporting threshold begins 1 January 2026

The first reporting period will cover activity between 1 January and 31 December 2026, with submissions due by 31 May 2027. Subsequent reports will be due annually, with each deadline falling on 31 May.

While providers must collect data from all users, only those who qualify as reportable users—UK tax residents or residents of CARF-aligned countries—will be included in the filings.

Reporting must be submitted via HMRC’s online platform using an XML format aligned with the OECD’s guidance. The digital submission tool is not yet live, but the government plans to provide instructions ahead of the first filing deadline.

The framework is designed to mirror reporting standards used in traditional finance, such as the Common Reporting Standard (CRS).

According to the OECD, the CARF framework will allow tax authorities to track crypto transactions across borders in a standardised and automated way.

Crypto firms face £300 penalties per violation

HMRC has set out strict penalties for failure to comply with the new rules. Crypto firms that do not submit a report, submit it late, or include inaccurate or incomplete information could be fined up to £300 per user.

This applies to both UK-based firms and those providing crypto services within the UK market.

Firms are encouraged to prepare internal systems ahead of time to ensure they can gather the required user identity details and transaction summaries.

While no penalties will be applied for not reporting if no reportable users exist in a given year, the data must still be collected and available for audit.

The rules will place further compliance burdens on CASPs, especially decentralised platforms and non-custodial wallet providers, which may struggle with identity verification.

Industry participants are awaiting further clarification on how the regulations will apply to decentralised protocols or services operating with minimal user data collection.

UK joins global push for crypto transparency

The UK’s adoption of CARF is part of a broader international effort to close regulatory gaps in the crypto space. More than 40 jurisdictions, including EU member states, have committed to implementing the framework in a coordinated timeline.

The EU has already integrated CARF into its revised Directive on Administrative Cooperation (DAC8), which also takes effect from 2026.

By aligning with global standards, the UK aims to bolster its credibility as a regulated but competitive jurisdiction for crypto businesses.

The move comes as regulators worldwide increase scrutiny of digital asset activities following major collapses in the space, such as FTX and Celsius.

Although the new obligations do not come into effect until 2026, HMRC is urging CASPs to begin preparations now, especially those who may be collecting personal data for the first time.

Regular updates will be issued by the tax authority, with guidance available via email alerts for firms and individuals who opt in.

Long-term impact on UK crypto sector

As the UK tightens compliance rules for digital assets, some CASPs may choose to relocate or exit the market due to the operational and financial burden. However, others see the shift as a step toward legitimising crypto’s role in the financial system.

The crypto tax data rules under CARF are likely to reshape the UK’s digital asset landscape, increasing transparency for regulators and potentially reducing appeal for illicit users.

Whether this strengthens or stifles innovation remains to be seen, but for now, the message is clear: compliance is no longer optional.

The post UK confirms crypto tax data rules under CARF; first deadline set for May 2027 appeared first on CoinJournal.

16. Mai 2025

BRICS may adopt Ripple’s XRP to bypass dollar in gold-backed trade push

Russia’s SWIFT exclusion in 2022 spurred alternative system planning.
BRICS members seek autonomy in international settlements.
XRP’s speed and cost-efficiency seen as ideal for institutional use.

A new theory circulating among cryptocurrency and geopolitical analysts suggests that BRICS nations—Brazil, Russia, India, China, and South Africa—may be working behind the scenes to develop a gold-backed financial system using Ripple’s XRP Ledger.

This comes as the bloc continues efforts to reduce dependency on the US-led SWIFT network and the dollar-dominated global economy.

While unconfirmed by any government, the theory is gaining attention due to mounting evidence of BRICS cooperation on currency independence and blockchain innovation.

How the US maintains dominance in global finance

The global financial system is largely underpinned by three core levers of Western influence: the dominance of the US dollar, the SWIFT interbank messaging system, and the liquidity framework governed by Western central banks.

SWIFT enables international banking communication and has become a tool for enforcing sanctions. In 2022, Russia was ejected from SWIFT as part of coordinated Western sanctions, prompting the Kremlin to accelerate efforts to create alternative channels for cross-border payments.

By cutting off access to dollar reserves and freezing foreign-held assets, the US has demonstrated the strategic power of financial infrastructure.

Countries seen as politically adversarial or non-aligned are increasingly wary of this system, viewing it as a vulnerability rather than a neutral platform for trade.

Why BRICS wants out of the dollar system

Each member of BRICS has its own incentive to reduce exposure to the dollar. Russia’s exclusion from SWIFT and asset seizures have forced it to pursue financial independence. China is seeking to insulate its growing economy from Western financial pressure.

India and Brazil are looking to increase autonomy in international settlements, while South Africa has expressed interest in strengthening regional currencies.

This shared objective has sparked renewed calls within the bloc for a new system of value exchange—one that does not rely on Western mechanisms.

BRICS nations have already discussed launching a shared currency backed by commodities, and gold is viewed as the most viable asset for such backing due to its stability and global acceptance.

XRP Ledger as a bridge for gold-backed trade

According to the theory, Ripple’s XRP Ledger could serve as the digital bridge between local currencies and a gold-backed reserve system. XRP was designed for high-volume institutional transfers, with a transaction time of 3-5 seconds and low fees.

Unlike Bitcoin or Ethereum, XRP offers scalability and predictable costs—key for governments and central banks processing large transactions.

In this model, BRICS would not issue a new public token but instead use XRP’s existing infrastructure to settle trades. Gold could be held in national vaults or regional repositories, and XRP would be the mechanism through which value is transferred quickly and securely.

This would allow BRICS countries to bypass SWIFT and the dollar, while maintaining compliance and auditability through the XRP Ledger.

Strategic signals and unconfirmed moves

Although no official confirmation exists that BRICS is actively testing or adopting XRP, several developments have drawn speculation. Russia has already proposed a gold-pegged stablecoin for cross-border trade with friendly nations.

China continues to expand its digital yuan pilot. Ripple has also been expanding its presence in Asia, the Middle East, and Latin America—regions aligned with BRICS interests.

The theory remains speculative, but it is rooted in a broader trend of de-dollarisation and growing interest in blockchain-based infrastructure for sovereign financial systems.

Analysts argue that if BRICS succeeds in deploying a decentralised, asset-backed settlement model, it could reshape the future of international finance and challenge the existing power structures dominated by the West.

The post BRICS may adopt Ripple’s XRP to bypass dollar in gold-backed trade push appeared first on CoinJournal.

16. Mai 2025

Top crypto to buy as Saudi Central Bank reveals exposure to MSTR

Bitcoin and other crypto assets have been in an uptrend in recent sessions after the Saudi Central Bank (SAMA) confirmed significant exposure to MicroStrategy Inc.

According to SAMA’s latest 13F filing, it owns a total of 25,656 shares of the business intelligence firm that has successfully transformed into a Bitcoin-proxy over the past few years.

This institutional purchase together with the de-escalation of trade tensions between the US and China have pushed the price of BTC up nearly 40% in early April.

Why is SAMA’s move significant for top cryptocurrencies

MSTR is broadly known as alternative means to invest in the world’s largest cryptocurrency by market cap. The Nasdaq listed firm currently has more than half-a-million BTC on its balance sheet.

Crypto community is cheering Saudi Central Bank’s revelation as it signals mainstream adoption and the rising institutional interest in top crypto to buy.

Investors are celebrating as SAMA’s move is being broadly interpreted as a vote of confidence on the Bitcoin strategy pioneered by Michael Saylor, the executive chairman of MicroStrategy, in 2020.

https://x.com/saylor/status/1923060408811721081

They’re hopeful that the central bank’s vote of confidence will make other companies start to invest in BTC, which may serve as a meaningful catalyst not just for Bitcoin but for the rest of the crypto industry as well.

With the global investment banks getting interested in gaining exposure to Bitcoin, investors are hoping that the world where BTC eventually earns the reserve status may now be in the near future.

What SAMA’s move may mean for meme coins like Bitcoin Pepe

Saudi Central Bank’s sizable position in MicroStrategy could signal institutional confidence in Bitcoin, potentially benefiting meme coins like Bitcoin Pepe. MicroStrategy is one of the largest corporate holders of Bitcoin, and its stock is often seen as a proxy for Bitcoin exposure.

If a major financial institution like the Saudi Central Bank is investing in MicroStrategy, it suggests growing recognition of Bitcoin as a legitimate asset class.

https://x.com/BitcoinNewsCom/status/1897289158772641882

This could have a spillover effect on meme coins like Bitcoin Pepe. Institutional adoption tends to increase liquidity and stability in the broader crypto market, attracting new retail and institutional investors.

Meme coins thrive on speculation and community enthusiasm, and a bullish institutional stance on Bitcoin could lead to increased interest in related assets.

Bitcoin Pepe may be a top crypto to buy to play the potential spillover effect of SAMA’s investment in MSTR as it’s “the world’s only Bitcoin meme ICO” narrative is already attracting strong demand.

Plus, it’s a native token that’s currently in a presale only, indicating the explosive initial moves that meme coins are broadly known for are yet to materialize for Bitcoin Pepe.

Its commitment to instant transactions and ultra-low fees has helped it raise more than $8.4 million already – and the momentum may continue once it lists on a crypto exchange after the presale, especially with SAMA type announcements supporting crypto prices in 2025.

Click here if you’d like to learn more about Bitcoin Pepe.

The post Top crypto to buy as Saudi Central Bank reveals exposure to MSTR appeared first on CoinJournal.

16. Mai 2025

Bitcoin Pepe gains steam as Eric Trump eyes cheap BTC to rival Saylor’s accumulation

With top US crypto investors gearing up for a further push into Bitcoin, the future of the top crypto infrastructure remains lucrative.

Institutional players are increasingly exploring Bitcoin amid the shifting financial landscape.

Michael Saylor’s Strategy has been purchasing BTC since 2020 with no plans to sell.

Meanwhile, Eric Trump’s American Bitcoin confirmed plans to hunt low-cost BTC mining to match Saylor’s Strategy.

While institutions make moves, Bitcoin Pepe (BPEP), introducing the world’s first-of-a-kind meme ICO on BTC, offers all interested investors a chance to tap BTC’s potential growth.

The new project gains traction ahead of its 31 May listing, with close to $8.5 million raised so far.

Bitcoin Pepe's Presale Details

Eric Trump to rival Saylor’s BTC accumulation

Bitcoin Pepe’s buzz comes as the crypto space sees attention from big names in the United States.

American Bitcoin’s co-founder Eric Trump has revealed that his firm plans to explore cheap BTC mining as a long-term accumulation approach.

He admitted that Michael Saylor’s Strategy is winning the Bitcoin accumulation game.

However, Trump affirmed that American Bitcoin will eventually become the largest BTC holder globally.

The competitive accumulation narrative bodes well with Bitcoin Pepe, which aims to unleash BTC’s dormant $2 trillion into the meme sector.

As institutional participants flood into the leading crypto by value, layer 2 Bitcoin Pepe allows retail players to leverage the anticipated BTC growth.

Should you invest in Bitcoin Pepe?

BPEP might be a perfect investment for digital asset enthusiasts looking to capitalize on Bitcoin’s potential and robustness.

Moreover, the advanced token offers a cost-friendly entry into the crypto world.

While you may need over $100K to purchase one BTC, Bitcoin Pepe is currently available at $0.0326 per token.

Moreover, its presale is selling out as investors rush to grab BPEP tokens before the 31 May closing.

The new meme crypto looks to enrich the Bitcoin ecosystem through Solana-like features.

Supported by a fully doxxed team and audited smart contracts, BPEP introduces a never-seen-before meme experience on the bellwether digital asset.

It’s more than your usual sit-and-hold asset, the Bitcoin Pepe network promises passive income by simply participating.

You can put your BPEP coins to work and receive lucrative returns while navigating the first meme layer 2 on the Bitcoin ecosystem.

That matches the growing staking narrative, which remains absent in the top crypto.

For instance, chains like Solana and Ethereum have multiple ways to earn passive income.

BPEP wants to introduce such possibilities on Bitcoin and with style.

Its transparency, audited architecture, and security might attract top exchange listings after the 31 May listing.

With institutions looking for cheap ways to join the Bitcoin movement, BPEP presents a perfect alternative to individual investors.

You can learn more about Bitcoin Pepe through their official website.

The post Bitcoin Pepe gains steam as Eric Trump eyes cheap BTC to rival Saylor’s accumulation appeared first on CoinJournal.