Brazil is reportedly weighing a tax on the use of cryptocurrencies for international payments as it moves to adopt a global crypto tax reporting data exchange framework. A Tuesday Reuters report, citing “officials with direct knowledge of the discussions,” claims that the Brazilian government aims to tax cryptocurrency use for international payments. During the confidential…
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El Salvador, the first country to adopt Bitcoin as legal tender, says it has bought more than $100 million in BTC despite pledging to the International Monetary Fund (IMF) to limit public exposure to the asset as part of a loan agreement. According to data from El Salvador’s Bitcoin Office, the government acquired 1,090 Bitcoin…
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Cathie Wood’s ARK Invest ramped up its exposure to crypto exchange Bullish on Monday, buying $10.2 million worth of shares as its stock slid to a fresh record low during a brutal downturn for publicly traded crypto firms. According to ARK’s daily trade disclosure, the ARK Innovation ETF (ARKK) added 191,195 Bullish shares, while ARKW…
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Defunct Japanese cryptocurrency exchange Mt. Gox has made its largest Bitcoin move in eight months, even as it pushes back creditor repayments until late 2026. The Mt. Gox-labelled cold wallet transferred 10,608 Bitcoin (BTC) worth over $953 million into a new cryptocurrency wallet, marking its first large-scale transfer in eight months. The transfer was also…
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Bitcoin’s rapid pullback has pushed the average US spot Bitcoin exchange-traded fund (ETF) investor into the red for the first time since the products launched. The flow-weighted cost basis across all US Bitcoin (BTC) ETFs sits near $89,600, a level Bitcoin fell below on Tuesday, leaving the cohort underwater, Glassnode analyst Sean Rose told Bloomberg…
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The US Securities and Exchange Commission’s latest document on its examination priorities for 2026 has noticeably omitted its regular section on crypto, seemingly in line with US President Donald Trump’s embrace of the industry. On Monday, the SEC’s Division of Examinations released its examination priorities for the fiscal year ending Sept. 30, 2026, which made…
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Bitcoin miner HIVE Digital Technologies rose after reporting record revenue for its most recent quarter, adding to the sector’s wins from Bitcoin’s mid-year gains. HIVE said on Monday that it had “record revenue” for the quarter ending Sept. 30 of $87.3 million, up 285% from the same time a year ago and nearly doubling quarter-over-quarter.…
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The number of Bitcoin whale wallets has spiked as the crypto markets struggled this week, with Bitcoin sinking as low as $89,550 on Tuesday. Data from the crypto analytics platform Glassnode shows that whales have been accumulating since late October, with a notable spike in the number of Bitcoin whale wallets holding above 1,000 BTC…
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Bitcoin could hit a bottom as soon as this week, according to BitMine chairman Tom Lee and Bitwise Asset Management chief investment officer Matt Hougan, as Bitcoin briefly dropped below $90,000, its lowest in seven months. During an interview on Monday with CNBC, Lee said crypto is suffering after the big liquidation event on Oct.…
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Swiss crypto bank AMINA Bank AG said it has secured regulatory approval in Hong Kong to offer crypto trading and custody services to institutional clients in the region, adding its the first international bank to receive such permission. AMINA said the “Type 1 license uplift” received from the Securities and Futures Commission would help it…
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