“`html THE BUREAU of Internal Revenue (BIR) will examine the contractors purportedly engaged in irregular flood control initiatives for potential tax evasion, as stated by Commissioner Romeo D. Lumagui, Jr. “The BIR will conduct a concurrent investigation of contractors involved in questionable flood control initiatives. We will uphold the President’s initiative by reviewing the tax filings and dues of these entities,” Mr. Lumagui mentioned in a declaration on Tuesday. The tax authority’s inquiry follows President Ferdinand R. Marcos, Jr. directing a comprehensive assault on corruption in governmental works, especially in flood control. Earlier this month, Mr. Marcos identified 15 contractors…
Autore: wsjcrypto
In 2025, transactions on Iranian cryptocurrency trading platforms have diminished due to a collapse in nuclear discussions with Israel, a $90 million breach on Iran’s largest crypto exchange, and a significant stablecoin banning, according to blockchain analytics company TRM Labs.Crypto transactions in Iran reached $3.7 billion from January to July, an 11% reduction compared to the same timeframe last year, with the sharpest decline occurring in June and July, TRM Labs commented in a report released on Tuesday.“This decline coincided with a failure in nuclear discussions, a 12-day conflict with Israel commencing June 13, and widespread electricity shortages in Iran…
“`html Chancellor Rachel Reeves has faced criticism from financial consultants following reports that she may focus on tax-exempt family gifts in her upcoming inheritance tax (IHT) adjustments. Wealth advisers and planners have labeled the suggestion “absurd” and a “clear cash grab” that could penalize grandparents who financially aid their children and grandchildren. Currently, individuals are allowed to give up to £3,000 annually in gifts without incurring tax, plus certain exemptions for weddings and minor gifts of up to £250 per recipient. Larger transfers may escape IHT if the donor survives for seven years. Nonetheless, reports suggest that the Treasury is…
“`html Reliable Editorial material, evaluated by prominent industry professionals and experienced editors. Advertisement Disclosure Crypto expert Pumpius has asserted that XRP transcends merely payments and that those who view it as solely that are unaware of what lies ahead. He then emphasized the “framework of a multi-trillion dollar enhancement,” explaining his belief that the altcoin could attain $10,000. Reasons XRP May Achieve $10,000 As Its Utility Grows Beyond Payments In an X post, Pumpius conveyed that the globe is transitioning to digital identity and suggested that XRP could significantly contribute to this advancement. He detailed that governments, financial institutions, and…
The prediction marketplace Polymarket has incorporated Donald Trump Jr. into its advisory panel following a tactical investment from 1789 Capital, which characterizes itself as a politically oriented entity supporting firms it views as promoting “American exceptionalism.”The companies did not disclose financial specifics, but Axios estimated the investment to be in the “double-digit millions of dollars.” Trump Jr. became a stakeholder in the fund in 2024. In a statement on Tuesday, he asserted that “Polymarket cuts through media narratives and so-called ‘expert’ opinions by enabling individuals to wager on what they genuinely believe will occur in the world.” This investment comes…
Pro-XRP attorney Bill Morgan has criticized Jorge Tenreiro, who served as the principal counsel in the Ripple lawsuit. This follows the end of the prolonged legal conflict between the cryptocurrency company and the U.S. SEC. XRP Attorney Critiques Counsel in Ripple Lawsuit In an X post, Bill Morgan disclosed that the leading counsel for the SEC in the Ripple case has now become a partner at a prominent law firm. The pro-XRP attorney further mentioned that Tenreiro’s profile highlights some of his achievements in the crypto enforcement sphere. However, he observed that it strangely omits and fails to mention his…
WIN OR LOSE, Alexandra “Alex” Eala is already assured of taking home a $154,000 or around P8.7-million cash award. However, financial gain is not her current focus as she aims to achieve even more priceless accomplishments in the second round of the 2025 US Open against Spain’s Cristina Bucsa at the USTA Billie Jean King National Tennis Center in New York. Ms. Eala, who is 20, was matched against the 27-year-old Spaniard in the Round of 64 commencing Tuesday after the latter’s 6-2, 6-1 victory over qualifier Claire Liu from the United States in their initial round battle. The exact…
“`html What is a stringent cap? A stringent cap denotes the utmost supply of a cryptocurrency that can ever be produced. It is embedded within the blockchain’s structure and establishes a firm limit on how many tokens or coins can be generated. This restriction fosters scarcity, which can enhance the value of each token over time.Take Bitcoin (BTC), for instance. Its creator, Satoshi Nakamoto, imposed a stringent cap of 21 million coins. Regardless of the amount of demand or how many miners endeavor to produce new Bitcoin, the supply will never surpass 21 million.Why is a stringent cap significant?Absolute scarcity…
“`html Oxford University spin-out OrganOx, the innovative transplant technology firm, has been acquired by Japanese medical devices conglomerate Terumo in a $1.5 billion (£1.2 billion) transaction. The purchase, one of the most substantial ever for a UK medical technology enterprise, highlights Britain’s prowess in scientific ingenuity but will also amplify discussions regarding the nation’s capability to maintain ownership of its most successful spin-outs. OrganOx was established in 2008 by professors Constantin Coussios and Peter Friend, who invented revolutionary technology to sustain donor organs outside the human body for up to 24 hours prior to transplantation. The apparatus has since been…
“`html ..aaaand, we’re back at it once more — a rebellious bitcoin price. Sunday evening’s bitcoin flash-crash produced a red candle as colossal as Jupiter; and more intriguingly, it continued to fall on Monday morning, dipping below $111,000. Now, here in the realm of bitcoin price therapy, we assert that nobody understands why prices fluctuate. But at times, we actually do… albeit not as comprehensively as we wish. Today, I’ll explore two topics: the shenanigans of the previous 24 hours and Fed Chairman Jerome Powell’s comments from late last week. A Turbulent Bitcoin Price Late Sunday (European time) was quite…