RESIDENTIAL CLIENTS of Manila Electric Co. (Meralco) may receive some relief this month as the power distributor revealed a drop in electricity tariffs for May, fueled by reduced generation and transmission expenses. Following three months of increases, the overall rate for May is anticipated to decline by P0.7499 per kilowatt-hour (kWh) to P12.2628 per kWh from P13.0127 per kWh in April, Meralco reported in a statement on Tuesday. This will result in a downward adjustment of approximately P150 in the total electricity bill for customers utilizing 200 kWh. Those utilizing 300 kWh, 400 kWh, and 500 kWh will experience reductions…
Autore: wsjcrypto
“`html Trusted Editorial material, assessed by prominent industry authorities and experienced editors. Ad Disclosure Following a vigorous multi-week surge, Bitcoin has stalled its rising trend at the $105K mark, retreating to secure support within the $101K–$100K range. This downturn comes after a phase of substantial purchasing that drove BTC through multiple significant resistance levels, such as $90K and $100K, sparking enthusiasm throughout the crypto sphere. Although the pullback might seem like a deceleration, numerous analysts interpret it as a constructive consolidation ahead of a potential additional increase. Adding to the prevailing bullish outlook, CryptoQuant statistics indicate that in the last…
“`html Two US senators are urging Treasury Secretary Scott Bessent to “utilize [the department’s] powers” and amend a clause impacting taxes on corporate ownership of digital assets.In a letter dated May 12, Senators Cynthia Lummis and Bernie Moreno indicated that Bessent possessed the capability to alter the definition of “adjusted financial statement income” under current US regulations in a manner that could lessen the tax burden on digital asset firms. The suggested modification was proposed as a means to revise a clause of the Inflation Reduction Act, enacted in 2022.“Our advantage in digital finance is jeopardized if US firms face…
“`html Motives to have faith Rigorous editorial guidelines emphasizing precision, relevance, and neutrality Developed by sector specialists and thoroughly evaluated The utmost standards in journalism and dissemination Rigorous editorial guidelines emphasizing precision, relevance, and neutrality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Solana has surged more than 22% since the past Thursday, propelled by a resurgence of bullish energy throughout the wider crypto marketplace. As Bitcoin approaches new all-time highs and Ethereum breaks crucial resistance levels, Solana has mirrored this trend with remarkable…
“`html By Luisa Maria Jacinta C. Jocson, Senior Journalist MILAN, Italy — The administration is amenable to implementing a seasonal tariff system for rice imports to enhance protection for farmers. “Indeed, we will need to analyze it. I would contend that if there are no operational or even legal barriers to it, I would support it. This way, we can ensure stability in farmers’ incomes and the prices that farmers receive,” Department of Economy, Planning, and Development Secretary Arsenio M. Balisacan informed BusinessWorld during the Asian Development Bank Annual Meeting held here last week. This follows the Federation of…
“`html Bitcoin surpassed anticipations in April, attaining double-digit advancements while exhibiting reduced volatility compared to significant conventional assets.Per experts at Galaxy Digital, Bitcoin’s (BTC) actualized volatility over the past 10 trading periods decreased to 43.86, which is lower than the S&P 500’s 47.29 and the Nasdaq 100’s 51.26 — an atypical “positioning for a digital asset historically recognized for its significant volatility.”This data point arises amidst renewed economic turbulence. Following US President Donald Trump’s Liberation Day tariff declaration on April 2, traditional markets have experienced instability.The Nasdaq Composite remains stagnant, the Bloomberg Dollar Index dropped nearly 4%, and even gold…
GD Culture Group (GDC), a publicly traded holding firm on Nasdaq that emphasizes livestreaming, e-commerce, and digital human technology powered by artificial intelligence, intends to raise as much as $300 million for a cryptocurrency treasury reserve.In a declaration made on May 12, GDC and its subsidiary, AI Catalysis, revealed that they had engaged in a common stock purchase agreement with a limited liability entity from the British Virgin Islands to offload up to $300 million of its common shares.The funds acquired from the stock offering will be allocated to bolster the company’s crypto treasury, which will encompass acquisitions of Bitcoin…
Coinbase Global Inc. (NASDAQ: COIN) is officially entering the S&P 500 effective May 19. It will substitute Discover Financial Services (NYSE: DFS), which is being purchased by Capital One Financial (NYSE: COF), a current participant in the index. This is a significant step for Coinbase and an even more substantial indication for Bitcoin. The addition of a cryptocurrency firm to one of the most critical indexes within the U.S. illustrates the progress this sector has made. It’s not merely speculation anymore—it’s evolving into a genuine component of the conventional financial framework. “A heartfelt thank you to all who made it…
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“`html Reliable Editorial material, evaluated by prominent industry specialists and experienced editors. Advertisement Disclosure Governments globally are intensifying scrutiny on stablecoins. This may drive some users towards what are referred to as “dark” or private stablecoins. They provide untraceable transfers; however, they carry significant risks and unpredictable practical use. Stricter Regulations Might Deter Users Stablecoins from various nations could soon face the same regulations as banking institutions, claims CryptoQuant CEO Ki Young Ju. Transfers might even automatically trigger tax collection through smart contracts. Wallets might be frozen or require additional documentation. This is prompting some traders to explore alternatives. They…