South Africa strengthens compliance efforts targeting crypto taxpayers, as the South African Revenue Service (SARS) announces the integration of crypto assets into its comprehensive compliance programs. This strategic move aims to enhance the detection and reporting of undeclared cryptocurrency holdings, ensuring taxpayers adhere to South African tax laws that mandate the declaration of all income
Bitcoin World
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Source: Bitcoin World
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From $40K to $25M: How FARTCOIN Became Truth Terminal’s Largest Asset
The post From $40K to $25M: How FARTCOIN Became Truth Terminal’s Largest Asset appeared first on Coinpedia Fintech News Truth Terminal, an AI-powered chatbot platform, has turned heads in the crypto world with its massive gains from FARTCOIN. A modest $40,000 investment has skyrocketed by 62,400%, reaching an incredible value of $25 million. However, despite the extraordinary surge, FARTCOIN has faced a 16% dip in the past 24 hours, reminding traders of the crypto market’s volatility. FARTCOIN Became a Star According to Arkham Intelligence, a leading blockchain analytics firm, FARTCOIN is now Truth Terminal’s largest asset. The platform holds over $40 million in AI-related tokens, with most of it coming from FARTCOIN. Truth Terminal didn’t buy the token at market price; instead, it got it for just $40,000, making its profit even more remarkable. This massive growth highlights the power of AI-based trading platforms and the growing popularity of tokens like FARTCOIN. As more people adopt and use the token, its value continues to draw attention. However, FARTCOIN’s rapid rise got another push after being listed on Binance Futures. By offering USD-margined perpetual contracts with 75x leverage, Binance has sparked increased demand for the token, driving market activity around FARTCOIN and other Solana-based assets. FARTCOIN’s Robust Performance FARTCOIN has shown incredible growth over time. It rose by 150% last month and surged by 1,300% over the past quarter. With a current market cap of $888 million, the token remains a strong player in the crypto market. Despite its overall success, FARTCOIN’s price recently fell by 16% in the past 24 hours currently trading around $0.89 . Although some analysts believe FARTCOIN’s growth will continue, especially with support from platforms like Truth Terminal. Bitcoin World