Category: Finance

An ultra high-definition image showing the scene of stock traders reacting to a significant drop in Bitcoin value. Screens display real-time statistics and charts showing the plunge. They are shocked and some are anxiously discussing strategies. Alongside, there are headlines running on electronic tickers that read, 'Digital Asset Order Causes Market Tremor! Brace for More Surprises'. The environment is heavily charged, reflecting the volatility of the stock market.
CryptocurrencyFinanceNewsNews

Bitcoin Plummets: Traders React to Trump’s Digital Asset Order! More Surprises Ahead

Mawson Quiry
27 January 2025

### Bitcoin's Dramatic DeclineIn the latest trading session in Asia, Bitcoin experienced a significant drop, falling below the $100,000 mark. This downturn comes shortly after U.S. President Trump emphasized the digital asset sector's pivotal role in fostering innovation within the country. As traders sought to secure profits, Bitcoin's value plummeted by over 4.6%.Smaller altcoins, including Solana and Cardano, which saw gains following Trump’s election victory, also faced substantial declines as traders reacted to the recent market movements.On the 24th, Trump enacted an executive order establishing a task force dedicated to advising the White House on cryptocurrency policy. This group is tasked with assessing the implications of digital asset reserve strategies and is expected to...

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A high-definition, realistic depiction of a scene encapsulating concerns being raised regarding tax credits in the fashion industry. Illustrate this as an animated round-table discussion with a diverse group of fashion industry professionals -- a Caucasian female designer, a Black male brand manager, and a Middle-Eastern female financial analyst -- expressing their concerns. Add elements suggesting they are in a fashion studio, like sketches, fabric swatches, and mannequins around them. Please avoid identifying or famous individuals.
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Concerns Raised Over Fashion Industry Tax Credits

Julia Kquick
29 October 2024

An urgent issue has been highlighted by industry leaders regarding tax credits for fashion businesses. Despite previous approvals by the Ministry for the years 2015-2019, recent changes have left many companies in a difficult position.Previously eligible expenses for tax incentives related to research and development have been re-evaluated, leading to a retroactive requirement for reimbursement. This unexpected shift has created financial burdens for textile and accessory companies who had relied on these credits for product development.Industry associations are expressing frustration over the lack of resolution and the sudden interpretation changes that have impacted businesses across the sector. The shift in criteria from aesthetic research to innovation-driven activities has resul

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