BIR enters into MOA with the Presidential Commission for the Urban Poor to help implement programs for the Urban Poor

Wazzup Pilipinas!?

Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has entered into a Memorandum of Agreement (MOA) with the Presidential Commission for the Urban Poor (PCUP), last September 10, 2024, for the purpose of assisting the latter by exempting from taxes the donations made by private companies to PCUP.

"The BIR will exert all efforts in assisting the noble mission of the PCUP to implement programs for the urban poor. The BIR is your partner in helping the urban poor. Excellent taxpayer service means the granting of tax exemptions, as long as there is legal and factual basis for the exemption. We are at your service" Commissioner Lumagui stated.

The MOA entered into by the BIR provided for several provisions that redounds to the benefit of PCUP. This includes assisting the PCUP by exempting from taxes the donations made by private companies to PCUP, providing and orienting PCUP focal persons of the policies and guidelines for the exemption granted to donors, and the designation of a focal person that will coordinate with the PCUP for the implementation and monitoring of the MOA. 

Altcoins Get Negative Sentiment from the Crypto Community: Analysis of XRP, ETH, and Solana

Top Altcoin assets are getting negative sentiment from the crypto community. This article will explain the current conditions of XRP, Solana, and Ethereum. Read the explanation until the end whether all three have the potential to increase in price.

Santiment, a crypto analysis company, stated that the crypto community is currently giving negative sentiment toward Altcoins, especially their major assets. However, this provides an opportunity for several major assets to experience price increases. Is that true?

You can see the analysis of several coins, namely XRP, Solana, and Ethereum in this article. The analysis will take the form of reading the price chart at the time this article was written so that you can get additional data to consider before buying these tokens.

Current Crypto Market Conditions

According to data from Santiment, the top 20 Altcoins receiving negative sentiment are:

Currently, the crypto market is experiencing a decline in prices for the majority of its tokens. Large tokens, such as BTC, Solana, Ethereum, XRP, and USDT price are currently in the red zone.

The size of the price drop varies, from -0.03% to Solana's -3.19%. Of course, the reason for this price decline cannot be analyzed using just one indicator because there are many factors, ranging from global economic conditions, and conflicts between countries, to the most recent release of the HBO documentary about the revelation of the figure of Satoshi Nakamoto.

XRP: Potential to Break $12?

XRP Price today it is down by -1.03% so it is trading at $0.5251. Previously, XRP was at its highest price of $0.5345 in the last 24 hours.

XRP's RSI value is below 50 so the selling trend is more dominant than the buying trend. The MACD line is also seen declining. With this data, the decline in XRP prices is natural.

However, the macroeconomic waves that are predicted to occur make XRP look positive for price increases. In fact, XRP holders and the community hope that the price of this token can reach the $12 level.

This high target price could be achieved because currently, XRP is applying for a second XRP-based ETF in the United States. If this ETF is approved, it is likely that XRP will experience a drastic price increase.

Solana: Price Rises if Trump Wins

A giant global banking company, Standard Chartered, predicts that Solana will experience a price increase of up to 5 times by 2025.

This prediction will allow Solana to outperform BTC and ETFs for its total market capitalization. And this prediction could happen if Donald Trump is elected as president of the United States for the next period.

Standard Chartered predicts that by 2025, SOL will rise 5x, ETH will rise 4x, and BTC will rise 3x. This is because the Trump administration with its regulations supports Solana more than all existing crypto assets. 

At the moment, Solana price is experiencing a decline of -3.46% and is trading at $138.05. Even though the percentage decline in SOL is greater than other major assets, the RSI value of SOL is actually at 50.62, which means the buying and selling trends are balanced.

Even though the RSI value is still positive, Solana's MACD line has dropped quite low which predicts a bearish trend could occur in the near future.

Ethereum: ETH Price Rises if Vitalik Buterin Wins Nobel Prize?

Vitalik Buterin is predicted to win the Nobel prize on October 14 as a figure who innovated a new currency. Vitalin Buterin is known as a figure who can revive the blockchain ecosystem and encourage Ethereum as a competitor to Bitcoin.

If the founder of Ethereum really gets the Nobel, Ethereum price can rise because many investors are interested in this cryptocurrency.

Currently, Ethereum is experiencing negative sentiment because its price continues to fall. An increase in the price of ETH did occur, but it did not last long and then immediately decreased again. 

You can see from the price graph above, that ETH experienced a price decline of -2.17%. Currently, the price of Ethereum is $2,382 and was previously at a 24-hour high of $2,472.

Will Ethereum be free from negative sentiment and be able to penetrate the $2,600 level as crypto analysts predict?

Conclusion

That is an explanation of the current conditions of XRP, Solana, and Ethereum. For those of you who are interested in these three coins and want to do more in-depth research, you can check them on the Bitrue website.

You can use Bitrue features for free to check the price of crypto coins and keep up-to-date on the various projects in the crypto ecosystem.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

 

Instituto Cervantes’ Film Fest PELÍCULA Ends with More than 6,000 Viewers

Wazzup Pilipinas!?



The 23rd edition of the PELÍCULA>Pelikula Spanish Film Festival, organized by Instituto Cervantes de Manila, concluded successfully after a dynamic week of Spanish and Latin American cinema at the Red Carpet Cinemas, Shangri-La Plaza. With over 6,500 attendees, the festival ran from October 5 to 13, 2024, offering a rich selection of different kinds of films and events that captivated Filipino viewers.

The closing weekend saw strong audience engagement, with back-to-back full-house screenings. The Festival wrapped up on 13 October with the awarding of the Premio del Público (Audience Choice Award), which went to Dani de la Orden's Casa en llamas (2024). The film, a dark comedy about a woman’s determined yet chaotic attempt to reunite her family, captured viewers' hearts. The movie has made waves in the cinematic world, bagging several national awards and becoming the highest-grossing Catalan film of all time. The recognition that this film has received underscores the importance of supporting and promoting such works, as they reflect the cultural mosaic of Spain and highlight the unique narratives that each region brings to the cinematic landscape.

Several other films garnered significant audience support and were recognized as runner-ups, including El maestro que prometió el mar, Loli Tormenta, La llegada, Cerrar los ojos, Robot Dreams, Te estoy amando locamente, Puan, Pacarrete, and La estrella azul. Each film added depth to the festival’s lineup, reflecting the diverse stories and perspectives from Spain and Latin America.

On the last day of PELÍCULA, the Festival organisers also celebrated the success of its En Corto series, a space for cultural interaction, where local filmmaker Kyla Romero presented her short film Transients alongside her cast and crew. This series offered a platform for short films that picture different facets of the human experience. Included in the line up were: Aunque es de noche by Guillermo García López (Spain), Primetime Mother by Sonny Calvento (Philippines), and La sixtina by Juan Camilo Fonnegra (Colombia).

As the festival concludes with the publication of the official Closing video (https://www.youtube.com/watch?v=enLb-3pGITM), audiences can look forward to the 24th edition of PELÍCULA>PELIKULA, scheduled for the first week of October 2025, continuing its tradition of showcasing the best in Spanish and Latin American cinema.

The 23rd edition of PELÍCULA>PELIKULA has been presented by Instituto Cervantes de Manila, Embajada de España en Filipinas, Shangri-La Plaza, and Red Carpet Cinemas. The festival has been held in collaboration with MTRCB, the Film Development Council of the Philippines, Teatro Real, Embajada Argentina en Filipinas, Embassy of Brazil in Manila, Embajada de Colombia en Filipinas, University of the Philippines Film Institute, De La Salle - College of Saint Benilde, CMB Film Services Inc., University of the Philippines Department of European Languages, Far Eastern University - Institute of Arts and Science, Ateneo de Manila University - Modern Languages, Meridian International College, CIIT College of Arts and Technology, Mapua University School of Media Studies, i-Academy Makati, Asia Pacific Film Institute, Kinoise PH, and SINEGANG PH. The Festival is proudly sponsored by Philippine Transmarine Carriers, Inc., Arthaland, Ayala Corporation, BOYSEN, Fundador, Terminal Six, and Barcino.

For further information on Instituto Cervantes’ activities, please visit the Instituto Cervantes de Manila website at https://manila.cervantes.es or follow Instituto Cervantes on Facebook at www.facebook.com/InstitutoCervantesManila