The escalation may strain Ukraine’s defenses, affecting its military strategy and diminishing confidence in reclaiming Crimea by 2026. The post Russia escalates Ukraine conflict with 2,200 drones, 1,730 bombs in a week appeared first on Crypto Briefing.
In Chainlink news today, its CCIP infrastructure is rapidly becoming the default escape route for protocols rethinking bridge risk, and the migration wave is now large enough to move markets. LINK is trading around $7.60, down approximately -3.5% over the past 24 hours, as a string of high-profile protocol migrations continues to funnel institutional attention […]
The integration of crypto in World Cup 2026 could significantly boost digital asset adoption, reshaping fan engagement and investment landscapes. The post World Cup 2026 is quietly becoming crypto’s biggest mainstream stage appeared first on Crypto Briefing.
Everton’s strategic investment in youth reflects ambition and financial caution, while Chelsea secures future financial benefits through a sell-on clause. The post Everton agrees to sign Tyrique George from Chelsea for £18M upfront appeared first on Crypto Briefing.
Mbapp’s World Cup impact highlights the volatile intersection of sports achievements and speculative crypto markets, influencing trading behaviors. The post Mbappé’s record-breaking World Cup goal sparks crypto trading frenzy from meme coins to prediction markets appeared first on Crypto Briefing.
South Korea plans to deploy up to $46 billion in semiconductor tax surplus into an investment fund targeting AI, chips, and energy transition sectors. The post South Korea plans investment fund from semiconductor tax revenue worth up to $46 billion appeared first on Crypto Briefing.
The rise in unauthorized meme tokens highlights the speculative risks in crypto markets, emphasizing the need for investor caution and regulation. The post Mbappé’s World Cup moment sparks fresh wave of unauthorized meme token speculation appeared first on Crypto Briefing.
South Africa’s tax authority has proposed new guidance that clarifies how crypto assets are taxed under existing income and capital gains tax frameworks.The South African Revenue Service (SARS) on Wednesday published draft guidelines on crypto asset taxation, applying South Africa’s existing tax framework, primarily the Income Tax Act, 1962, alongside capital gains tax rules.The draft provides that most crypto activities, including trading, swapping and spending, are generally treated as disposals that may trigger tax events. It still emphasizes that the rules depend heavily on each taxpayer’s specific circumstances.If adopted, the proposed guidelines are set to impact millions of local users, as SARS reported in 2024 that at least 5.8 million residents held crypto assets.Crypto treated as an asset, not currencyThe guidance document reiterated that crypto assets are not legal tender or foreign currency, but rather intangible assets for tax purposes.“The preferred interpretation of the legal nature of crypto assets is that, although highly versatile and capable of negotiability, they are not ‘currency’ and, consequently not ‘foreign currency’,” the agency said.Source: SARSTaxpayer’s intention as a key elementThe guidelines place significant emphasis on a taxpayer’s intention when determining how crypto is taxed.According to SARS, whether a person is classified as a trader or a long-term investor depends on their behavior, transaction frequency and the purpose for holding the asset.An excerpt on how taxpayer intention is assessed, according to the proposed guidelines. Source: SARS“It is important to consider the taxpayer’s intention at the time of acquisition, at the time of selling the asset, and whilst holding the asset, as a taxpayer’s intention regarding an asset may change over time,” the authority said. SARS added that this requires a broad assessment of all relevant facts and circumstances.Related: Crypto lobby urges Congress to pass staking and mining tax bill as isThe guidelines also say crypto assets may fall under South Africa’s donations tax, as the assets are treated as “property” under tax law, with tax rates ranging from 20% to 25%, depending on the value of the donation.Public input open until August 31The draft guidance is not final law and is open for public comment until August 31. SARS said it is intended to attempt to provide interpretive clarity rather than introduce new legal obligations.South Africa has emerged as one of Africa’s largest crypto markets. According to Chainalysis’ October 2024 report, the country received about $26 billion in crypto value during the one-year period covered by the study.Chainalysis also found that institutional and professional-sized transactions were the largest contributors to total value received, particularly from late 2023 through the first quarter of 2024, highlighting a shift toward larger and more structured market activity.Magazine: AI is banking the unbanked in Africa… faster than crypto
The resumption of trade may stabilize Gulf energy logistics and improve regional dynamics, with potential impacts on global shipping routes. The post Iran and Qatar resume maritime trade after five-month hiatus appeared first on Crypto Briefing.
The recent charts indicate the market is balanced; neither the buyers nor the sellers can dictate the market in the short term. Silver consolidates from a bull market swing across several time frames. But momentum levels indicate that the recent uptrend is losing momentum amid price compression. This is usually an indication of a possible […]
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