The bill proposes a 10% tax on gains from regulated crypto platforms, withheld quarterly, with the president having the power to adjust the rate between 0% and 20%. What to know: Turkey’s ruling AK Party has introduced a sweeping economic bill in parliament that would formalize crypto taxation while revising […]
The government relies on this crypto infrastructure for international trade, while ordinary Iranians use it as a financial lifeline during protests and economic crises. What to know: Fresh U.S. and Israeli strikes on Iran have drawn new attention to a financial network Tehran has built in parallel to its battered […]
Instead of investing in bitcoin and foreign currency trading, as promised, Palafox used new investor funds to pay old ones and siphoned millions for personal use. What to know: The CEO of Praetorian Group International (PGI) was sentenced to 20 years in prison in the U.S. for running a global Ponzi scheme […]
A significant increase in housing costs makes home ownership unattainable for many Gen Z individuals, leading to financial nihilism, said CoinFund’s David Pakman. What to know: The surge in speculation driving prediction markets and leveraged bets on various sectors isn’t reckless, it’s rational, according to CoinFund managing partner David Pakman. […]
Miners are facing significant challenges, with bitcoin revenue per petahash falling by half from a peak of $70 to $35. What to know: Bitcoin’s mining difficulty dropped by around 11%, its largest decline since China’s 2021 crackdown on the industry, after a sharp decline in hashrate triggered by plunging prices […]
The company says that accepting bitcoin payments has led to a “self-reinforcing cycle” where crypto revenue helps fund upgrades and improvements. What to know: Popular fast-food chain Steak ‘n Shake announced it added $10 million worth of bitcoin to its corporate treasury this week, continuing its push into crypto after […]
The scammer sent a small “dust” amount to the victim’s transaction history, causing the victim to copy the address and send $50M to the scammer’s address. What to know: A crypto user lost $50 million in USDT after falling for an address poisoning scam in a massive onchain exploit. The […]
Executive John Ameriks emphasized Vanguard’s core view of the crypto sector hasn’t changed, seeing the asset class as highly speculative. What to know: Vanguard’s global head of quantitative equity, John Ameriks, said bitcoin still resembles a speculative collectible more than an asset meant to build long-term wealth, comparing it to […]
The recommendation is in line with other global asset managers like BlackRock and Bank of America suggesting small portfolio allocations to the largest cryptocurrency. What to know: Brazil’s largest privately-owned asset manager, Itáu Asset Management, has recommended investors allocate 1% to 3% of their portfolios to bitcoin. In a year-end note, […]
The funding round sets the stage for a long-awaited IPO, expected to take place next year. What to know: Popular cryptocurrency exchange Kraken closed a $500 million funding round, setting the stage for a long-awaited IPO now expected in 2026, Fortune reported. The round did not feature a lead investor and […]