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Crypto Beginner Gal
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I DON'T WANT TO LEAVE MR. STARK šš„¹š
Looks like Jan Camenisch has finally put all doubts to rest ā this is official now.
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šÆšµ JAPAN CUTS CRYPTO TAX FROM 55% ā 20% Starting with the 2026 tax reform, #Japan will implement a flat 20% tax on #cryptocurrency gains, down from the current progressive rate of up to 55%. Key changes: - Flat 20% tax: 15% national + 5% local, same as stocks and mainstream investments. - Loss carryforward: Deduct losses or carry them forward against future gains. - Reclassification: Bringing #crypto under the Financial Instruments and Exchange Act adds legitimacy and aligns it with other regulated investments. This move provides clearer rules and wider acceptance of digital assets, signaling growing recognition of $BTC & crypto in Japan.
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- CRYPTO MARKET REBOUNDS ABOVE $3 TRILLION š Vanguard has lifted its ban on crypto ETFs, and Bank of America is giving 15,000+ advisers the green light to recommend allocations of 1%ā4%. š $BTC jumped 6% on the news; Bloomberg ETF Analyst Eric Balchunas called this bounce the "Vanguard Effect." Traders' risk appetite is growing as expectations of a December rate cut increase -- fueling double-digit rebounds in large-cap tokens including $ETH , $SOL , #ADA and #LINK
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ā” LATEST: $XRP ETFS RECORD 11 STRAIGHT DAYS OF INFLOWS; NEARING $1 BILLION $XRP spot #ETFs have recorded inflows for 11 consecutive trading days, pushing cumulative inflows to $756.26M as of December 1. Total net assets now stand at $723.05M, putting the category close to the $1 billion milestone. Monday inflows alone were $89.65M ā led by Franklin Templeton's $XRPZ, followed by #Grayscale. š Analysts expect #XRP ETFs to cross $1 billion in assets within days. š¢ $XRP is up 9% today Data: SoSo Value
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OPENAI'S "CODE RED" ANNOUNCEMENT: The irony of this announcement is that Google was the FIRST tech giant to issue a "code red." On December 21st, 2022, exactly 3 WEEKS after #chatgpt was announced, Google issued their "code red." Google was concerned about ChatGPT's threat to "the future of Google's search engine." Today, OpenAI has issued their first "code red" as Google's Gemini 3 model has seen massive growth. #OpenAI is now pausing many of their "side projects" to focus on improving ChatGPT amid increased competition. What does this all mean? In our view, this is extremely bullish and yet another sign of the technological revolution we are in now. The immense competition we are seeing in AI is the perfect example of why capitalism is the backbone of innovation. More competition = more innovation = more value creation. Asset owners will win.
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#Amazon stock surges after announcing a new in-house built AI chip which it says is more "cost effective" than #Nvidia's
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