TheBFMTimes

In straightforward terms, Solana is designed as a flexible, multi-purpose blockchain, while Bitcoin was built for a single core function.
Core Design Philosophy
Solana represents a newer generation of blockchains focused on speed, scalability, and application development. Bitcoin, by contrast, was created primarily as a peer-to-peer digital money system, with limited functionality beyond value transfer.
Consensus Model
Solana operates on a Proof-of-Stake framework. Validators must lock up a significant amount of SOL to participate in transaction validation and earn rewards. This system is energy-efficient and typically runs on high-performance consumer or enterprise hardware.
Bitcoin relies on Proof-of-Work, where miners compete using computational power to validate transactions. This approach is far more energy-intensive and capital-heavy. While smaller machines can technically participate, profitability and efficiency are extremely limited at that scale.
Transaction Throughput
Solana comfortably handles around 4,000 transactions per second under normal conditions and can scale far beyond that when demand spikes. This capability was demonstrated during high-traffic events such as the Trump memecoin launch in January 2025.
Bitcoin processes transactions at a much slower pace, prioritizing security and stability over throughput.
Network Decentralization
Bitcoin remains one of the most decentralized networks in existence, with over a million miners distributed globally. Solana, in comparison, operates with a smaller validator set of roughly a few hundred participants.
A broader validator or miner base generally reduces systemic risk and increases resistance to manipulation.
Security Track Record
Bitcoin is widely regarded as highly secure, supported by its long operational history and minimal critical incidents since its early days in 2010. Solana has faced multiple network outages and reliability issues in the past, particularly before 2024, which has impacted its security perception.
DeFi Capabilities
Solana is built to support decentralized finance at the protocol level and hosts an active ecosystem with billions of dollars in total value locked. Bitcoin does not offer native DeFi functionality.
Application Development
Solana supports smart contracts, enabling developers to build decentralized applications directly on the network. Bitcoin lacks native smart contract functionality, which limits on-chain application development.
Where Solana Excels
Solana enables open development through smart contracts, decentralized applications, and DeFi infrastructure, allowing anyone to build on top of the network.
Where Bitcoin Leads
Bitcoin benefits from unmatched global recognition, deep liquidity, and strong institutional adoption. These factors contribute to its relative price stability and long-term positioning as a digital store of value.
Why Bitcoin Is More Valuable Despite Fewer Features
Bitcoin launched in January 2009, more than a decade before Solana’s debut in 2020. This early start allowed Bitcoin to establish dominance, trust, and scale long before competitors emerged. By the time Solana entered the market, Bitcoin had already grown into a half-trillion-dollar asset.
Frequently Asked Questions
Who created Solana?

Solana was founded in 2020 by Anatoly Yakovenko.
Who created Bitcoin?

Bitcoin was introduced between 2007 and 2009 by the pseudonymous cryptographer Satoshi Nakamoto.

How Is Crypto Tax Calculated?
Crypto tax is computed on income that has not been disclosed or reported, whether it is treated as personal income or capital gains.
Under normal circumstances, profits from crypto transactions are taxed at a flat rate of 30%, regardless of any losses incurred during the same financial year. Losses cannot be set off against gains.
However, when crypto income is undisclosed, a significantly higher penalty applies.
Example:

If you earned ₹5,000 in crypto profits in 2023, the standard tax liability would be ₹1,500 at the 30% rate. But if this income was not reported, the tax payable rises to ₹3,500, which is 70% of the total crypto income.
Is 70% the Standard Tax Rate?
No. The 70% rate is a penalty, not the standard tax.
Standard taxation: 30% tax plus 4% cess under Section 115BBH of the Income Tax ActPenalty on undisclosed income: 70% tax under Section 158BFailing to report crypto income triggers punitive taxation instead of regular tax treatment.
How Can You Check If You Owe Crypto Tax?
Review your income tax returns for both previous and current financial years. If crypto transactions were accurately reported, your tax liability may already be settled.
If they were omitted, you must disclose the information immediately and calculate tax based on your transaction history.
Most Indian crypto exchanges, along with FIU-registered international platforms, provide detailed dashboards showing:
Total number of tradesNet gainsLossesTransaction history
These records can be used to compute your exact tax obligation.
Frequently Asked Questions
How do you report VDA in your ITR?

Virtual Digital Assets (VDAs) can be declared through the designated section on the Income Tax Department’s portal or via authorised ITR filing software.
Can crypto tax be legally avoided in India?

There is no lawful way to avoid declaring crypto income. Even if funds are routed through a foreign account, income earned abroad must still be disclosed under foreign income rules.
Why is crypto taxed so heavily in India?

Authorities view crypto trading as high-risk for retail investors. As a result, strict taxation has been imposed by the government, supported by the RBI and the Ministry of Finance, to limit speculative activity.

Disclaimer:

BFM Times provides information strictly for educational purposes and does not offer financial or tax advice. Readers should consult a qualified financial advisor before making investment or tax-related decisions.

避けるべき一般的なトレードの落とし穴
欲
多くのトレーダーは、わずかな利益を求めて、計画よりも長く利益を出しているポジションを放置します。このマインドセットには自然な終了点がありません。市場が反転すると、未実現の利益はしばしば消え去り、勝ちトレードが損失に変わることもあります。
欲をコントロールする最も効果的な方法は、事前に損切り・利確のレベルを定めることです。取引を始める前に明確な利確目標を設定することで、価格が急変した際の感情的な判断を回避できます。
恐怖
トレーダーが短期的な利益の保護に過度に注目したり、市場のノイズやFUD（Fear, Uncertainty, Doubt）に反応したりすると、恐怖心が表面化します。これにより、しばしば早期に損切りが行われ、トレンドが完全に展開する前に強力なトレードを中断してしまうことがあります。

The Fastest Route to Wealth in Crypto
In practical terms, building a crypto-native business remains the most reliable path to achieving millionaire status in the digital asset space.
What Defines a Crypto Millionaire?
A crypto millionaire is anyone who has generated at least $1 million in net worth directly from crypto-related activities. This includes wealth earned through founding or scaling crypto businesses, early-stage investments, trading, token launches, or even substantial rewards such as airdrops.
Well-known figures such as Changpeng Zhao, Justin Sun, and even public figures like Donald Trump and Melania Trump fall into this category due to direct crypto exposure and earnings.
Importantly, individuals who earn significant income in other industries and later deploy that capital into crypto can still qualify-provided the crypto component alone exceeds the $1 million threshold. However, this definition excludes those whose primary wealth was created outside crypto and merely parked into digital assets later.
The Most Realistic Way to Become a Crypto Millionaire
Despite popular narratives, trading and passive investing rarely produce consistent millionaires due to high failure rates and market volatility. The highest-probability path is entrepreneurship.
Launching crypto-focused ventures-such as blockchain development companies, token-based protocols, NFT platforms, cross-chain bridges, liquidity infrastructure, or crypto investment vehicles-offers asymmetric upside and direct exposure to value creation. This approach aligns wealth generation with innovation rather than speculation.
How to Build a Viable Crypto Startup
A crypto startup should ideally be incorporated in a jurisdiction with regulatory clarity and low operational friction. Regions like the UAE provide a favorable environment due to progressive digital asset policies and reduced compliance uncertainty.
To scale quickly and move toward a seven-figure founder valuation, a startup must meet several strategic criteria:
It must address a real structural problem, such as scalability limitations, excessive centralization, capital inefficiency, or financial risk.It should operate in a niche with limited direct competition.Pricing must be competitive, as many crypto verticals are already dominated by well-funded incumbents.The business model should remain resilient against foreseeable regulatory changes, including stricter KYC or compliance mandates.It should not depend entirely on the success, survival, or narrative momentum of another protocol or company.What You Need to Launch Your Own Crypto Project
Regardless of geography, establishing a crypto company requires a foundational setup that investors expect:
Valid passports or national IDs of all co-founders.Proper incorporation documents, including registration certificates and clarity on tax treatment-especially if equity or tokens are issued.At least one co-founder with deep technical expertise in blockchain or crypto development.At least one co-founder with hands-on crypto-native marketing and growth experience.A functional, credible website.A working Minimum Viable Product suitable for investor or partner demos.
A Shortcut Many Builders Overlook
One of the most efficient entry points into the crypto startup ecosystem is participating in well-funded hackathons. These events often provide direct access to grants, early-stage capital, ecosystem partnerships, and accelerated visibility-dramatically shortening the path to funding.
Frequently Asked Questions
How many crypto millionaires exist today?

CNBC estimates that there were approximately 241,700 crypto millionaires globally by late 2025.
Would investing $1,000 in Bitcoin five years ago make someone a crypto millionaire?

No. In 2020, Bitcoin traded near $9,250. A $1,000 investment would have yielded roughly 0.1 BTC, which would be worth around $45,000 in 2026. Reaching millionaire status would have required an initial investment closer to $22,000.
Which cryptocurrencies do major billionaires hold?

Elon Musk has publicly acknowledged holding Bitcoin, Ethereum, and Dogecoin.

Disclaimer:

BFM Times provides information strictly for educational purposes and does not offer financial advice. Readers should consult a qualified financial professional before making any investment decisions.

The attackers appeared to be highly selective, prioritising psychological manipulation over sophisticated technical exploits. Instead of relying on complex malware, they exploited trust, routine, and human error.
Related: North Korean hackers linked to crypto theft via fake Zoom meetings
UK Retailers Hit by a Coordinated Cybercrime Campaign
A wave of coordinated cyberattacks recently swept through major UK retailers, with several high-profile brands suffering significant operational and financial damage during the Scattered Spider campaign.
Among the hardest hit were Marks & Spencer, The Co-operative Group, and Harrods. UK authorities confirmed that the group deployed DragonForce ransomware as a pressure tactic to extract leverage from victims.
In July, law enforcement arrested four suspects, all of whom were teenagers. The arrests highlighted a growing reality: modern cybercrime rings are increasingly young, decentralised, and alarmingly well-organised.
The financial impact was severe. Marks & Spencer estimated losses of roughly £300 million, while the Co-op disclosed revenue losses amounting to £206 million.
Inside the Marks & Spencer Breach
During a UK Parliament committee session, M&S chairman Archie Norman confirmed that the attack followed known Scattered Spider playbooks and involved DragonForce ransomware. He declined to confirm whether a ransom payment was made.
According to Norman, the breach began with social engineering and was compounded by a third-party supply chain weakness. Stolen credentials linked to Tata Consultancy Services played a role in enabling access.
Rather than engaging directly with the attackers, M&S chose to work through specialist intermediaries. The consequences were extensive. Online ordering was suspended for months, and core systems had to be rebuilt almost entirely from scratch.
Why the Co-op Bounced Back Faster
Although the Co-op was also compromised, its recovery was significantly quicker. Stock availability normalised by late May, and most stores resumed full operations by June.
Speaking at the Financial Times Cyber Resilience Summit, MP Alison Griffiths attributed the difference to contrasting technology strategies. The Co-op had already progressed far in moving away from legacy infrastructure, with cloud migration well underway.
This modernisation limited attackers’ ability to operate inside internal systems and sharply reduced recovery time. In contrast, M&S’s slower transition meant system restoration took close to four months, giving attackers a longer window to inflict damage.
Why Retailers Remain Prime Targets
Retail remains one of the most attractive sectors for cybercriminals. Large workforces increase exposure, and M&S alone employs around 50,000 people, expanding the attack surface dramatically.
Retailers also store high-value data, including payment information, consumer behaviour insights, and sensitive internal records. According to Kroll’s Brent R. Tomlinson, the sector is a “target-rich environment,” where outdated systems and constrained security budgets remain common.
The Bigger Lesson
The Scattered Spider incidents exposed uncomfortable truths for the UK and beyond. Cybersecurity is not purely a technical problem. Human behaviour, infrastructure decisions, and organisational readiness play an equally critical role.
Faster cloud adoption reduced downtime, while better coordination and information sharing improved response effectiveness. The message is clear: resilience is built long before an attack begins.
Disclaimer: BFM Times provides information strictly for educational purposes and does not offer financial advice. Readers should consult a qualified financial advisor before making any investment decisions.

More than $3.4 billion in cryptocurrency was stolen over the past year, with North Korea-linked hackers accounting for nearly $2 billion of that total. The figures highlight a clear shift in crypto crime dynamics, where attackers are executing fewer operations but targeting far larger payouts.
North Korea Drives Record Crypto Losses
Blockchain analytics firm Chainalysis estimates that North Korean actors stole approximately $2.02 billion in crypto, marking a 51% increase compared to the previous year. This surge has pushed cumulative losses attributed to the country to nearly $6.75 billion.
Although the overall number of attacks declined, the financial impact rose sharply due to a small number of high-value breaches. One incident alone-the February 2025 hack of Bybit-resulted in losses of around $1.5 billion, significantly skewing annual totals.
Service providers bore the brunt of these losses, as centralised platforms experienced rare but devastating private-key compromises that drained funds within minutes. By early December, industry-wide crypto losses had already surpassed $3.4 billion, with North Korea-linked groups responsible for the majority of the damage.
Bigger Hacks, Fewer Incidents
Data shows an expanding gap between typical hacks and extreme outliers. Last year, the largest single breach exceeded the median loss by more than 1,000 times-an unprecedented divergence.
Chainalysis reports that just three attacks were responsible for 69% of total service-provider losses. While smaller incidents continue to occur, their financial impact has become marginal compared to these major breaches. Since 2022, North Korea-linked thefts have consistently clustered at the highest value ranges, whereas other criminal groups tend to execute a broader mix of smaller attacks.
Distinct Laundering Behaviour
North Korean hackers also display unique laundering strategies. Rather than moving funds in large blocks, they typically split transfers into amounts below $500,000, a tactic that contrasts with other groups and helps analysts identify behavioral patterns.
Cross-chain bridges have played a key role in these operations, with platforms such as Celer and Stargate frequently used to shift assets between networks. Notably, these actors interact less with decentralised exchanges, lending protocols, and peer-to-peer platforms than other cybercriminals.
Retail Wallet Thefts Rise
While state-linked hacks dominate headlines, individual users remain highly exposed. Wallet compromise incidents climbed to roughly 158,000-nearly triple the levels seen in 2022. The number of unique victims rose to at least 80,000, driven partly by broader crypto adoption.
Despite the higher victim count, total losses from personal wallet theft fell to $713 million, down from $1.5 billion the previous year. This suggests attackers are targeting more users but extracting smaller amounts per victim.
Solana recorded the highest number of affected users, while Ethereum and Tron showed the highest theft rates relative to active wallets.
A Changing Threat Landscape
This year’s data points to a more calculated approach to crypto crime. Hackers are demonstrating greater patience, coordination, and selectivity-executing fewer attacks but achieving record-breaking losses when they strike.
Crypto crime has not faded. It has evolved. Understanding these shifting patterns may be critical to preventing the next wave of large-scale breaches.
Disclaimer: BFM Times provides information strictly for educational purposes and does not offer financial advice. Readers are advised to consult a qualified financial professional before making any investment decisions.

数か月にわたり、市場参加者たちは、リップルが長期間にわたる米国規制当局との法的紛争を終結させることで、XRPの順調な上昇が可能になると考えていた。
その楽観主義はまだ実現していない。トークンは2ドルを超える勢いを維持できず、14億ドル以上がスポットXRPETFに流入したにもかかわらず、価格動向は根強い抵抗水準によって抑えられている。上昇を加速するどころか、XRPは狭く脆弱なレンジに閉じ込められているように見える。
XRP価格の来年の見通し

NFT市場は決定的なリセット段階に入った。新たな年が進むにつれ、ブロックチェーンデータは、主要ネットワーク全体で13.4億枚以上のNFTが発行されたことを示している――供給量が前例のない水準に達している一方で、買い手の活動は縮小している。
記録的な発行量にもかかわらず、投資家の参加は引き続き減少しており、売上収益全体は依然として圧力にさらされている。これにより重要な疑問が浮かび上がる：NFT分野は終わりを迎えつつあるのか、それとも単に進化しているだけなのか？
NFTの減速と今後の道筋