ChainCatcher news, according to Cointelegraph, Indian Finance Minister Nirmala Sitharaman stated in the 2025 federal budget announcement that cryptocurrencies will be included under Section 158B of the Income Tax Act for reporting undisclosed income.The amendment allows for a collective assessment of unreported cryptocurrency gains, treating them the same as traditional assets such as currency, jewelry, and gold bars for tax purposes. Indian authorities may impose tax penalties of up to 70% on previously undisclosed cryptocurrency profits.

ChainCatcher news, according to Cointelegraph, based on a new survey by Kraken, as the cryptocurrency market hits new highs, many investors feel they have missed out on the major gains of digital assets. The survey focuses on the FOMO (fear of missing out) and FUD (fear, uncertainty, and doubt) sentiments of U.S. cryptocurrency holders, with 1,248 respondents, exploring how these sentiments affect their investment decisions.Many respondents believe they have missed potential gains. According to Kraken, 88% of survey participants feel they have missed significant profits. The emotions of the survey respondents may be influenced by the bullish market led by Bitcoin. Although some participants feel they have missed opportunities, many respondents still believe their cryptocurrency investments can yield potential returns. The survey results show that about 84% of people still look forward to future opportunities in cryptocurrency investments.When asked about their biggest concerns, 60% of respondents pointed out that the most worrying missed opportunity is a sudden price surge. 63% of respondents believe that sentiment has negatively impacted their portfolios. At the same time, 81% of survey participants stated that their investment decisions were based on FUD sentiment, while 84% acted based on FOMO when prices rose.

ChainCatcher news, FV Bank announces the launch of new debit cards and corporate expense cards.FV Bank is regulated by the Office of the Commissioner of Financial Institutions of Puerto Rico (OCIF) and is a global digital bank and digital asset custodian. The company offers deposit accounts, payment services, digital asset custody, and VISA card issuance services.FV Bank CEO and co-founder Miles Paschini stated, "We are very excited to introduce our new Visa debit card to FV Bank's international client base, which will enable our clients to easily access funds globally and enhance payment flexibility. This marks an important milestone in our commitment to providing innovative and integrated digital banking solutions for both traditional and digital assets."

ChainCatcher news, according to a report from The Block, a research report released by a16z crypto on Wednesday pointed out that the number of active cryptocurrency addresses and usage rates reached an all-time high this year. The report estimates that as of September, there are approximately 617 million cryptocurrency holders worldwide, with 60 million monthly active users.In 2024, the number of monthly active cryptocurrency addresses is expected to rise to over 220 million, with Base leading the Ethereum EVM chain, having 22 million addresses, while Solana dominates the non-EVM chain with over 100 million addresses. This year also saw the highest number of mobile wallet users, with the United States accounting for 12% of global users.

ChainCatcher news, the "2024 Global Cryptocurrency Status" report released by the cryptocurrency platform Gemini shows that despite significant resistance, the adoption rates of cryptocurrencies in the United States and the United Kingdom have remained stable in recent years, and the retail market is now ready to rebound. The report is based on an online survey of 6,000 people in the United States, the United Kingdom, France, Singapore, and Turkey.The report indicates that between 2022 and 2024, the cryptocurrency adoption rates in the United States and the United Kingdom remained at 21% and 18%, respectively. Nearly two-thirds of respondents stated that they hold cryptocurrencies for long-term investment, and 38% view it as a tool against inflation.Spot ETFs have driven market growth, with 37% of U.S. holders owning cryptocurrencies through ETFs. Most holders plan to allocate 5% or more of their assets to digital assets.The report also shows that 69% of cryptocurrency holders are male, while 31% are female, with a slight widening of the gender gap.Additionally, 73% of U.S. cryptocurrency holders stated that they would consider candidates' digital asset policies in the upcoming presidential election.

ChainCatcher news, according to a new poll from the University of Philadelphia, cryptocurrency holders are more likely to say they will vote for Trump rather than Vice President Harris. Half of cryptocurrency holders indicated they plan to vote for Trump, while only 38% of cryptocurrency holders prefer Harris. Among non-cryptocurrency owners, Harris leads by 12 percentage points: 53% of non-cryptocurrency voters said they would vote for Harris, while 41% plan to vote for Trump.

ChainCatcher news, Crypto.com's latest market size report shows that the number of global cryptocurrency holders has significantly increased in the first half of 2024. As of June, the total number of holders grew by 6.4% from 580 million at the end of 2023 to 617 million. Bitcoin (BTC) holders increased by 5.9% to 314 million, accounting for 51% of total holders; Ethereum (ETH) holders grew by 9.7% to 136 million, making up 22%.The growth is primarily driven by key developments in the BTC and ETH ecosystems, particularly the launch of spot ETFs related to these two digital assets.The launch of the U.S. spot Bitcoin ETF and the fourth halving event in April are the main drivers of BTC adoption growth. The increase in ETH is mainly attributed to the Dencun upgrade in March, which significantly reduced Layer-2 network transaction fees and improved scalability.Institutional investors played a crucial role in this growth, with over $14 billion in inflows into the U.S. spot Bitcoin ETF as of the end of June. Despite significant growth in the first half of the year, the market faces challenges in breaking historical highs due to macroeconomic pressures and worsening geopolitical situations in the Middle East.

ChainCatcher news, Gemini co-founder Tyler Winklevoss recently emphasized the political power held by 50 million Americans who own cryptocurrency on X.Winklevoss urged cryptocurrency holders to unite and pressure Vice President Kamala Harris to fire SEC Chairman Gary Gensler before the presidential election on November 5. He believes that this collective action could end the "war on cryptocurrency" and make cryptocurrency issues a bipartisan concern.

ChainCatcher news, according to SCMP, Hong Kong police arrested four people in an operation against a criminal group suspected of using counterfeit money to defraud victims of cryptocurrency, including a 14-year-old teenager.Police stated that two of the four suspects were the masterminds, responsible for sourcing counterfeit money and locations to serve as fake cryptocurrency trading shops, as well as searching for victims online. They invited victims to the shop and showed them piles of counterfeit money to indicate that they could easily settle transactions without handing over any cash. Once the suspects gained the victims' trust, they persuaded them to conduct transactions online. Once the cryptocurrency was transferred, the suspects immediately withdrew the assets from the accounts and refused to pay.This method has been common in recent cases, and since last October until last Friday, 14 people have been arrested for defrauding 12 victims of 11 million Hong Kong dollars.

ChainCatcher news, according to Bitcoin.com, a research paper titled "The Political, Psychological, and Social Correlates of Cryptocurrency Ownership" has been published in the peer-reviewed open-access journal PLOS One. The authors of this paper are Shane Littrell from the Munk School of Global Affairs and Public Policy at the University of Toronto, along with Casey Klofstad and Joseph E. Uscinski from the Department of Political Science at the University of Miami.It states: "In 2022, we surveyed 2,001 American adults to examine the associations between cryptocurrency ownership and individual-level political, psychological, and social characteristics. We found that cryptocurrency owners are associated with beliefs in conspiracy theories, 'dark' personality traits (such as narcissism, Machiavellianism, psychopathy, and sadism, the 'dark tetrad'), and more frequent use of alternative and fringe social media platforms."The authors added: "In a more comprehensive multivariable model, the variables that best predict cryptocurrency ownership are being male, reliance on alternative/fringe social media as a primary news source, being argumentative, and a disdain for authoritarianism."

ChainCatcher news, the fintech company Triple A recently released a report titled "2024 Global Cryptocurrency Ownership Status," which delves into the trends of cryptocurrency ownership worldwide and its evolving role in the financial ecosystem.Eric Barbier, founder and CEO of Triple A, wrote in the report's preface: "Today, there are 562 million people globally who own some form of digital currency, up from 420 million in 2023. In other words, 6.8% of the world's population owns and uses digital currency."The report highlights that Asia is leading this trend, with the number of cryptocurrency owners increasing from 268.2 million to 326.8 million, a growth of 21.8%. North America follows closely, rising from 52.1 million to 72.2 million, a growth of 38.6%.Additionally, the number of cryptocurrency holders in South America surged from 25.5 million to 55.2 million, an increase of 116.5%. Europe also saw significant growth, with the number rising from 30.7 million to 49.2 million, a growth of 60.3%. Africa experienced moderate growth from 40.1 million to 43.5 million, an increase of 8.5%. In Oceania, the number of cryptocurrency holders increased from 1.4 million to 3 million, a growth of 114.3%.

ChainCatcher news, the Singapore-based payment company Triple - A released the report "2024 Global Cryptocurrency Ownership Status," which shows that in 2024, the global digital currency user base will reach 562 million people (accounting for 6.8% of the global population), a 34% increase from 420 million in 2023. 34% of cryptocurrency holders are aged between 24-35, making it the largest age group. The UAE, Singapore, and Turkey rank among the top 30 economies with the highest cryptocurrency ownership rates. Asia continues to lead in cryptocurrency holdings, increasing from 268 million to 326.8 million, followed by North America with holdings of 72.2 million.

ChainCatcher message, the UK HM Revenue and Customs recently released guidance on the disclosure of unpaid tax information related to crypto assets, urging cryptocurrency holders to voluntarily disclose any unpaid taxes. Citizens who have income from crypto assets (including exchange tokens, NFTs) but fail to report unpaid taxes in a timely manner may face additional interest and penalties.The guidance indicates that citizens need to provide relevant information, including the acquisition cost of crypto assets, any expenses incurred, profits obtained, the quantity of crypto assets disposed of, and the exchanges used. Although taxpayers have previously been able to use the UK tax authority's disclosure tools to report unpaid tax amounts, this is the first time a program specifically targeting crypto asset holders has been launched.

ChainCatcher news, Coinbase released the distribution of cryptocurrency usage and projects in New York State, stating that 19% of New Yorkers hold cryptocurrency, and about one-third agree that "cryptocurrency makes the financial system fairer." New York State has up to 692 blockchain organizations and over 800 founders. Since the beginning of 2020, more than half (52%) of Fortune 100 companies have adopted cryptocurrency, blockchain, or Web3-related initiatives.

ChainCatcher news, according to the recent "2022 Vietnam Cryptocurrency Market Report" published by Coin98 Insights, there are currently about 200 blockchain projects operating in Vietnam, with 28.8% in gaming and metaverse projects, 26.0% in DeFi, 12.4% in NFTs, 11.3% in infrastructure, and 5.1% in Web3.The report also shows that Vietnam has over 16.6 million cryptocurrency holders, second only to Thailand in ASEAN, with 31% holding BTC; among the top 200 blockchain companies in the world, 7 are founded by Vietnamese. (source link)

ChainCatcher news, cryptocurrency trading platform Crypto.com published an article titled "2022 Review and 2023 Outlook." The article points out that as of November 2022, the number of global cryptocurrency owners surpassed 400 million, reaching 402 million, with a monthly adoption rate growth of 2.9%. It is expected that this metric will reach 600 to 800 million in 2023.In addition, Crypto.com anticipates the emergence of AAA-level blockchain games within the next year, and the use cases for Soulbound Tokens (SBT) will also increase, becoming another market driver. (Source link)