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Crypto

Nigeria issues digital asset tax guidelines, some taxes to be paid in tokens

Nigeria has issued new guidelines requiring cryptocurrency exchanges and peer-to-peer platforms to collect, report and pay taxes on digital asset transactions. The rules require platforms to withhold 1 percent of proceeds from disposals of taxable crypto assets, security tokens and applicable NFTs. A 10 percent withholding tax applies to staking, mining, airdrops and DeFi income. Some withheld taxes must be paid in the token used in the transaction.

Crypto

Cardano trading volume and open interest rise, raising bullish signal question

Cardano (ADA) extended its rebound from a June low as its 24-hour trading volume rose more than 33 percent. ADA has recovered its 26-day and 50-day exponential moving averages and climbed to around $0.197, with the market watching whether it can break above the 100-day moving average, a key resistance level this year. Futures activity increased across major exchanges, and rising open interest suggested possible new inflows.

Crypto

Uber early investor says sell half of bitcoin and buy Solana, Bittensor. Why?

Angel investor Jason Calacanis, known as an early Uber investor, argued that bitcoin holders should sell part of their holdings and move funds into other coins such as Solana and Bittensor (TAO). He said he would advise his brother to sell half of his bitcoin and invest the proceeds in projects delivering new products. His comments contrast with his past stance of keeping distance from Solana, while he has also criticised Strategy and Michael Saylor.