Business
Trump's Day One Package Was Risk-Positive: 3-Minute MLIV
Anna Edwards, Guy Johnson, Kriti Gupta and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
Business
Record Beef Imports Raising Risk of China Imposing Trade Curbs
China’s record beef imports are hitting a market where demand is slowing and prices have fallen to the lowest since 2019, raising the risk that authorities will take steps to curb the trade.
CryptoCurrency
DWP launches ‘biggest benefit fraud crackdown’ as Labour unveils new controversial tough measure
Benefit fraudsters who cheated taxpayers out of £7billion last year could face driving bans under sweeping new powers announced by the Department for Work and Pensions (DWP).
The legislation, introduced in Parliament today, represents the biggest fraud clampdown in a generation. Repeat offenders who refuse to repay their debts could be disqualified from driving for up to two years.
The new measures will give DWP investigators the power to apply for search warrants, allowing them to work alongside police to search premises and seize evidence like computers and smartphones.
The crackdown comes as part of wider plans from the Labour Government to save £8.6billion over five years through tackling welfare fraud and error. Officials say the current system is costing taxpayers around £10billion annually, with £35billion incorrectly paid out since the pandemic.
The new legislation will target fraudsters who owe £1,000 or more and have repeatedly ignored requests to repay their debts. DWP officials will need to apply to courts to justify suspending driving privileges in these cases.
Do you have a money story you’d like to share? Get in touch by emailing money@gbnews.uk.
The Government has unveiled new rules to clampdown on benefit fraudsters
GETTY
The Bill is expected to save the Department £1.5billion over the next five years. The measures will be based on principles of fairness and proportionality, with driving bans used only as a last resort.
Officials will prioritise negotiating affordable and sustainable repayment plans with offenders before pursuing more severe penalties. The legislation forms part of the government’s Plan for Change, which aims to reform the health and disability welfare system.
New proposals for reforming health and disability benefits are expected in the Spring. Work and Pensions Secretary Liz Kendall said: “We are turning off the tap to criminals who cheat the system and steal law-abiding taxpayers money.”
She emphasised the serious consequences for fraudsters, including the potential loss of driving privileges in extreme cases. “Backed up by new and important safeguards including reporting mechanisms and independent oversight to ensure the powers are used proportionately and safely,” Kendall added.
DWP Minister Liz Kendall is promising to tackle benefit fraud
PA
“People need to have confidence the Government is opening all available doors to tackle fraud and eliminate waste, as we continue the most ambitious programme for government in a generation – with a laser-like focus on outcomes which will make the biggest difference to their lives as part of our Plan for Change.”
Under the new powers, DWP will be able to recover money directly from bank accounts of those who owe money and refuse to pay, despite having the means to do so.
However, the Department will not have direct access to people’s bank accounts. The legislation will allow DWP to request bank statements to prove debtors have sufficient funds to repay what they owe.
These measures are part of a modernised approach to catching fraudsters and preventing overpayments. The new system aims to keep pace with sophisticated fraud while ensuring legitimate claimants receive the correct benefits.
Officials say this will help prevent vulnerable customers from falling further into debt. The powers will apply to individuals who are not on benefits or in PAYE employment but still owe money to the Department. The legislation includes comprehensive safeguarding measures to protect vulnerable customers.
LATEST DEVELOPMENTS:
Benefit fraudsters could be banned from driving under Government plans
GETTY
Staff will receive high-level training on the appropriate use of new powers. New oversight and reporting mechanisms will be introduced to monitor how these powers are used.
Furthermore, Government will develop Codes of Practice, which will be subject to consultation during the Bill’s passage. All powers will have clearly defined scope and limitations, including the right to appeal decisions.
The Cabinet Office’s Public Sector Fraud Authority will receive additional powers under the new legislation. Georgia Gould, Minister in the Cabinet Office, said: “During the pandemic, when people and businesses needed government support the most, some people stole public money for their own personal gain.”
The time limit for civil claims against Covid fraud will be doubled from six to twelve years. This extension will give investigators more time to examine complex cases and apply new powers retrospectively. These powers include the ability to raid properties and retrieve money from Covid fraudsters’ bank accounts.
Technology
Trump says he’s open to Musk or Ellison buying TikTok
President Donald Trump says he’d be open to his buddies Elon Musk or Larry Ellison buying TikTok.
“Larry, let’s negotiate in front of the media,” Trump said at a press conference with the Oracle co-founder, SoftBank CEO Masa Son, and OpenAI CEO Sam Altman to announce a $500 billion artificial intelligence infrastructure investment. “What I’m thinking about saying to somebody is, buy it, and give half to the United States of America. Half, and we’ll give you the permit. And they’ll have a great partner, the United States.”
“Sounds like a good deal to me, Mr. President,” Ellison said.
TikTok’s China-based parent company ByteDance still has other offers on the table, including from billionaire Frank McCourt’s Project Liberty and now, apparently, from YouTube creator MrBeast — whose investor group is receiving legal counsel from a team that includes the brother of Trump’s attorney general pick.
As he was leaving the briefing, a reporter asked Trump if he has TikTok on his phone. “No, but I think I might put it there,” Trump responded. “I think I’ll get it right now.”
Business
TikTok is safe for now, but X and Bluesky are launching similar-looking vertical video feeds to take its place should the ban hammer come down again
Instagram, meanwhile, is working on a CapCut clone. Read More
CryptoCurrency
PEPE and Fartcoin target gains, PropiChain could rise from $0.01 to $3
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
While PEPE and Solana’s Fartcoin target gains, PropiChain is set to steal the spotlight with its potential rise from $0.01 to $3.
The crypto market is dynamic as ever, with meme coins like PEPE and Solana’s Fartcoin capturing the spotlight with their price surges. Often rooted in humor and online culture, these projects have gained traction among retail investors seeking quick profits.
While PEPE aims to use its established meme status, Fartcoin capitalizes on Solana’s high-performance blockchain to drive interest. Both PEPE and Fartcoin have set ambitious targets, drawing attention to their potential. However, their speculative nature raises questions about long-term sustainability.
Amid the hype surrounding these meme coins, PropiChain (PCHAIN) is emerging as a serious contender for the top gainer position in the crypto space in Q2 2025. Market experts say PCHAIN is poised to rally from $0.01 to $3.
Focused on transforming the real estate industry, estimated to be worth $600 trillion, through blockchain technology, PropiChain offers a utility-driven narrative.
PEPE and Solana’s Fartcoin
PEPE has become a standout player in the memecoin ecosystem. While the memecoin has evolved into a symbol of community-driven crypto success, the volatile nature of meme-based assets still poses a big concern for investors.
The Solana ecosystem has birthed many projects, but few are as notable as Fartcoin. Combining humor with innovation, Solana’s Fartcoin has captured attention with its playful branding and unique tokenomics. Fartcoin’s rise is attributed to its viral marketing campaigns and a strong push from influencers.
PropiChain
While PEPE and Fartcoin thrive on humor and virality, PCHAIN is carving a niche in the rapidly growing tokenized real estate market. Launched to democratize property ownership, PCHAIN enables users to invest in fractional shares of real estate assets through blockchain technology.
The emphasis on tangible utility and real-world application sets PCHAIN apart from meme-based assets. The platform is thus poised to capture a percentage of the $600 trillion real estate market.
By deploying blockchain’s transparency and efficiency, PCHAIN aims to lower barriers to entry for real estate investment while providing liquidity to a traditionally illiquid market.
Why PropiChain could rise from $0.01 to $3
PCHAIN is positioned for a massive rally that could see early presale investors enjoy over 29,000% ROI.
- Growing demand for tokenized assets
The tokenization of real-world assets is gaining significant traction, with the market projected to hit $16 trillion. PropiChain is well-positioned to capitalize on this shift, offering an easy-to-use platform for both retail and institutional investors.
PropiChain’s collaborations with established players in the real estate industry add credibility to its model. These partnerships are expected to drive adoption and increase the value of its native token, PCHAIN.
As the broader crypto market looks for projects with real-world utility, PCHAIN’s value proposition stands out.
PropiChain’s unique features
PropiChain aims to reshape the real estate industry by using advanced technology to redefine property transactions. The platform will set new standards for buying, selling, and investing in real estate globally with four transformative features:
- Immersive virtual property exploration
The platform will transform how investors and buyers scout properties using cutting-edge Metaverse technology. It will facilitate remote property exploration through immersive 3D virtual tours, overcoming geographical limitations and making real estate investment accessible to a wider audience.
By enabling real-time property assessments without physical visits, investors can save time and money.
- Smart contracts for automated and secure transactions
The platform will utilize blockchain-based smart contracts to automate critical real estate processes. These self-executing digital agreements can handle tasks such as ownership transfers, lease management & agreement, and rental payments, significantly reducing the need for intermediaries like brokers and agents.
- AI-driven investment insights
The platform will incorporate artificial intelligence to optimize real estate investment strategies. Its AI-powered virtual assistants and chatbots will provide round-the-clock support, helping investors navigate the real estate market seamlessly.
Additionally, its predictive AI system will analyze market trends, predict property value changes, and deliver data-driven recommendations. These insights empower investors to make informed decisions, boosting profitability while minimizing risks.
- Real estate tokenization for broader investment opportunities
PCHAIN will enable the tokenization of real-world assets (RWA), turning physical properties into digital tokens. This approach will allow for fractional ownership of high-value real estate, increasing market liquidity and democratizing access to property investments.
The PropiChain presale
PropiChain’s focus on real-world utility combined and its potential rally from $0.011 to $3 positions it for the top-gamer position in 2025.
The project raised over $1.3 million in the first presale round and has already crossed the $970,000 mark in the ongoing second presale round. This underscores the high confidence of investors in the project’s potential. After this presale round, the token price will rise by over 109% for the third and final presale round.
The token is listed on CoinMarketCap, a statement of the project’s readiness to do bigger things in the crypto space. Additionally, BlockAudit, a top blockchain security company, audited the project’s smart contract and certified that it has no vulnerability.
For more information on PropiChain, visit their website or online community.
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Technology
Microsoft is no longer OpenAI’s exclusive cloud provider
Microsoft was once the exclusive provider of data center infrastructure for OpenAI to train and run its AI models. No longer.
Coinciding with the announcement of Stargate, OpenAI’s massive new AI infrastructure deal with SoftBank, Oracle, and others, Microsoft says it has signed a new agreement with OpenAI that gives it “right of first refusal” on new OpenAI cloud computing capacity. That means that, going forward, Microsoft gets first choice over whether to host OpenAI’s AI workloads in the cloud — but if Microsoft can’t meet its needs, OpenAI can go to a rival cloud provider.
“OpenAI recently made a new, large Azure commitment that will continue to support all OpenAI products as well as training,” Microsoft said in a blog post. “To further support OpenAI, Microsoft has approved OpenAI’s ability to build additional capacity, primarily for research and training of models.”
OpenAI has blamed a lack of available compute for delaying its products, and compute capacity has reportedly become a source of tension between the AI company and Microsoft, its close collaborator and major investor. In June, Microsoft, under shareholder pressure, permitted OpenAI to ink a deal with Oracle for additional capacity.
In the blost post, Microsoft reiterated that “key elements” of its longstanding partnership with OpenAI remain in place through 2030, including its access to OpenAI’s IP, revenue sharing arrangements, and exclusivity on OpenAI’s APIs.
That assumes, of course, that OpenAI doesn’t achieve artificial general intelligence (AGI) under the two companies’ agreed-upon definition before then. When OpenAI develops AI systems that can generate at least $100 billion in profits, Microsoft will lose access to the company’s technology, according to a reported agreement between the firms.
OpenAI is said to be considering nullifying the agreement in a possible bid to secure more Microsoft funding.
“The OpenAI API is exclusive to Azure, runs on Azure and is also available through the Azure OpenAI Service,” the blog post reads. “This agreement means customers benefit from having access to leading models on Microsoft platforms and direct from OpenAI.”
We’ve reached out to OpenAI and Microsoft for more information and will update this post if we hear back.
CryptoCurrency
Vivek Ramaswamy Resigns as D.O.G.E Co-Lead to Run for Ohio Governor: Report
Biotech entrepreneur and prominent crypto supporter Vivek Ramaswamy has reportedly stepped down from his role as co-lead of the Department of Government Efficiency (DOGE).
His decision is said to stem from a desire to run for governor of Ohio next year, with the current occupant of the seat, Mike DeWine, ineligible for reelection in 2026 since he is serving his second four-year term in office.
A Political Pivot for Ramaswamy
It is not the first time Ramaswamy has shown interest in high-profile political roles, having sought the Republican nomination for president in 2024. He had also shown interest in succeeding Vice President JD Vance as the senator for Ohio before Governor DeWine selected his deputy, Jon Husted, to fill the vacancy.
His departure from D.O.G.E, first reported by The Associated Press, is in line with the department’s new structural guidelines, which require members to step back from active roles if pursuing elected office.
The Cincinnati native has been a vocal advocate for crypto, criticizing the regulatory approach to the assets in the U.S. and even accusing the Biden administration and Wall Street of trying to “suppress” the industry.
He praised Grayscale’s victory against the Securities and Exchange Commission (SEC) when it wanted to convert its Bitcoin Trust into a spot exchange-traded fund (ETF), saying the win made it possible to keep BTC and blockchain innovations in the U.S. instead of pushing them overseas.
Towards the end of last year, his company, Strive Asset Management, filed for a BTC bond ETF with the SEC that would provide institutional investors and everyday Americans easy access to financial instruments based on the number one cryptocurrency.
Musk Left as Sole Leader
President Donald Trump appointed the 38-year-old to lead DOGE alongside Tesla and SpaceX CEO Elon Musk soon after winning the elections in late 2024.
Launched under his “Save America” agenda, Trump formally established the task force via an executive order on the day of his inauguration. It aims to modernize the federal government’s operations by slashing inefficiencies, reducing regulatory red tape, and streamlining government spending.
Alongside its bold goals, the initiative drew attention due to its playful acronym, which is similar to the ticker of the largest meme coin by market capitalization, Dogecoin. Incidentally, Musk, who is now its sole leader, is a long-term supporter of Dogecoin, even earning the nickname “Dogefather” for his endorsement of the token.
The billionaire businessman recently proposed a public “leaderboard” that would highlight the most egregious examples of government inefficiency, an idea he described as “tragic” and “entertaining.”
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Technology
Get Ready for the New Tax Year With H&R Block Tax Software
TL;DR: H&R Block Tax Software Deluxe + State 2024 for Windows/Mac helps you file your taxes and maximize deductions, and it’s just $39.99 on PC/Mac.
There’s plenty to be excited about when building a business. Filing your taxes is more of a chore. If you want to make the process less stressful and max out your deductions, H&R Block Deluxe can help.
This powerful tax software lets you file both federal and state taxes online with ease. It also comes with free audit support and a massive library of 13,000 tax articles. Through February 11, you can get it for just $39.99 over at TechRepublic Academy.
April might feel a long way off, but April 15 will come around sooner than you think. That’s the last day to file your taxes unless you fancy a big bill. According to the IRS, the process requires 13 hours of work in total — the best part of two whole working days.
H&R Block Deluxe allows you to spend your time on something more productive. Available on PC and Mac, the software shows you how to claim 350 credits and deductions through step-by-step tutorials. That means fewer hours spent reading PDF documents written in legalese.
You also have that huge library of articles for reference, along with FAQs and tips from expert accountants. If you need to pause while preparing your filings, you can easily save your work and start where you left off. Once you have run the numbers, H&R Block Deluxe gives you five federal e-files and unlimited federal prep.
Previously used TurboTax? No problem. You can import all your data to H&R Block Deluxe with a couple of clicks.
It’s easy to see how the software has earned glowing reviews. Earning 5 out of 5 stars on BestBuy and 4.5 on Amazon’s Choice, it shows it’s one of the best tax filing software on the market right now.
Order today to get this H&R Block Tax Software Deluxe + State 2024 for Windows/Mac for just $39.99, saving $20 on the regular price.
Prices and availability are subject to change.
CryptoCurrency
Bitstamp to Roll Out Regulated Derivatives Trading in Europe: Sources
Bitstamp, the longest running cryptocurrency exchange, plans to roll out regulated crypto derivatives trading in Europe, according to two people with knowledge of the matter.
With its long-standing focus on compliance, Bitstamp is one of a select group of crypto trading platforms to hold a Markets in Financial Instruments (MiFID) license, a pan-European regulatory framework for trading securities and derivatives, which was amended in 2022 to encompass crypto assets.
“With its MiFID license in Europe, Bitstamp plans to launch a fully regulated perpetual swap offering,” one of the people said.
The arrival of regulatory clarity in Europe, when it comes to crypto and tokens, has prompted the planned introduction of crypto derivatives trading from firms holding MiFID II licenses, such as Point72 Ventures-backed D2X, and Backpack Exchange, which is in the process of acquiring the remains of FTX EU and its licenses.
The vast majority of crypto derivatives volume is offshore and the aim of these new entrants is to shift market dominance away from the likes of Panama-based centralized exchange Deribit.
In June of last year, it was announced that fintech giant Robinhood would be acquiring Bitstamp, whose future looks bright, not only in Europe but also in the U.S. where it holds multiple state licenses, including a coveted New York State BitLicense.
Bitstamp declined to comment because the plans are not yet public.
CryptoCurrency
BlockDAG x HackerEarth Plan Global Hackathons for 7.6M Developers — Fantom (FTM) Price & Cardano News
As we step into 2025, the blockchain scene is buzzing with innovation, led by major players like Cardano, Fantom, and BlockDAG. Recent Cardano news highlights its collaboration with FC Barcelona under the “Barça Vision” initiative, showcasing how blockchain technology is enhancing fan engagement through ADA rewards and NFT offerings. On the other hand, Fantom price remains under scrutiny as the platform works to regain stability following significant sell-offs by major holders, raising concerns about its future price trajectory.
Amid these developments, BlockDAG (BDAG) is coming out ahead, with a bold vision that includes fostering over 200 Web3 projects and launching global hackathons in partnership with HackerEarth. By tapping into HackerEarth’s network of 7.6 million developers, BlockDAG is dedicating itself to laying down the infrastructure for large-scale decentralized innovation. Having already raised over $182.5 million in its presale, with BDAG coins priced attractively at $0.0248, it’s carving out a promising niche for buyers looking for significant returns.
Cardano News: FC Barcelona Partnership Aims to Reshape Fan Experience
In recent Cardano news, the cryptocurrency has stepped into the sports arena through a significant partnership with FC Barcelona, unveiled under the club’s “Barça Vision” project on January 10, 2025. This collaboration seeks to revolutionize fan interaction by integrating blockchain tech to offer new job prospects, blockchain education, and a rewards system packed with ADA tokens and NFTs.
This announcement gave Cardano’s ADA token a nice 4% bump to $0.95, despite a tough market week that saw it slide down 11%. Cardano continues to hold strong as the world’s 9th largest cryptocurrency by market cap, which currently stands at $33.5 billion, signaling a robust and expanding ecosystem.
This venture highlights the transformative potential of blockchain in professional sports, showcasing ADA’s critical role. The growing use cases and adoption rates offer exciting opportunities for those investing in innovative digital assets.
Fantom (FTM) Price Faces Challenges Amid Whale Activity
The Fantom price has seen a modest 3% recovery in the last 24 hours, but it’s still down by 20% over the past week, struggling to reverse a bearish trend. The Average Directional Index (ADX), a tool for measuring trend strength, points to a weakening downtrend at 31.4, suggesting the market could be moving towards stabilization.
Compounding the issue, there’s been a notable decline in activity from large holders, increasing selling pressure. The count of wallets holding between 1 million and 10 million FTM dropped from 84 to 69 in just one week, impacting the coin’s liquidity.
Currently, Fantom’s price is wavering around $0.618 at a crucial support point. Falling below this could push prices down to test $0.50, while any recovery effort could send it climbing towards the $0.879 resistance level. Fantom continues to be a coin worth watching as it aims to regain stability and momentum.
BlockDAG’s Bold Strategy: 200+ Web3 Projects & Worldwide Hackathons
Looking ahead, BlockDAG is prepping for a groundbreaking year with extensive plans, including a significant alliance with HackerEarth. This partnership will facilitate four global hackathons aimed at engaging between 10,000 to 15,000 developers from HackerEarth’s comprehensive network of 7.6 million tech experts.
These hackathons are crafted to spur innovation and foster a vibrant global community of developers. BlockDAG’s overarching ambition is to stimulate the development of more than 200 Web3 projects within its ecosystem, giving developers the tools to innovate, test, and deploy cutting-edge decentralized applications (dApps), while showcasing what the BlockDAG Network can do.
With a detailed roadmap and a visionary outlook for the future, BlockDAG is positioning itself as an increasingly appealing buying option. Market analysts estimate that BDAG, currently priced at $0.0248, could potentially soar to $1 by 2025. Its sophisticated technology, burgeoning ecosystem, and practical utility are catching the eyes of buyers eager for top-tier opportunities in today’s crypto market.
And the momentum is only building. BlockDAG’s presale has already netted over $182.5 million and is quickly advancing toward its $600 million target. As more developers join the ecosystem and drive its expansion, BlockDAG is affirming its role as a pivotal player in the Web3 domain. The outlook is bright for both developers and users venturing into the decentralized opportunities that BlockDAG offers.
Best Altcoins For 2025
As Cardano and Fantom each navigate their unique challenges and opportunities, BlockDAG emerges as the standout blockchain platform for growth and innovation. Its ambitious initiatives, including organizing hackathons and expanding its Web3 project ecosystem, demonstrate its dedication to scalability and practical utility.
Market experts forecast that BDAG could hit $1 by 2025, buoyed by its solid presale results and a strategy centered around developer engagement. For buyers poised to ride the next big wave in the crypto landscape, BlockDAG presents the most compelling case, blending immediate potential with a long-term strategy that solidifies its standing as a frontrunner in the Web3 revolution.
Secure Your BDAG Today:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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