Crypto
Brazil’s Crypto Tax Grab Signals What’s Coming Next
Opinion by: Robin Singh, CEO of Koinly Crypto may be the first tax lever governments pull when scrambling for more revenue, if Brazil’s recent move is anything to go by. In June, Brazil scrapped its tax exemption for minor crypto gains and introduced a flat 17.5% tax on all capital gains from digital assets, regardless […]
Fed-Fueled Crypto Rally Pushes Sentiment Into ‘Greed’ Territory
Crypto sentiment returned to “Greed” on Saturday as the crypto market surged, following dovish comments from US Federal Reserve Chair Jerome Powell that raised speculation of a possible rate cut in September. The Crypto Fear & Greed Index, which measures overall crypto market sentiment, rose to a “Greed” score of 60 on Saturday, up 10 […]
Crypto Retirement Plans Flash $200K Bitcoin Signal Despite Downturn: Finance Redefined
Despite this week’s market downturn, some analysts predict that the inclusion of digital assets in US 401(k) retirement plans may unlock billions of dollars in new inflows by the fall, potentially driving Bitcoin to record highs. This “bullish” development may push Bitcoin (BTC) above $200,000 before the end of the year, signaling another $122 billion […]
Australian Regulator Removes 3,000 Crypto Scams
Australia’s markets regulator is set to expand its crackdown on online scams after taking down 14,000 online scams since July 2023, with over 3,000 purporting to involve crypto. The online scams include investment scams, phishing websites and are found in online advertisements. ASIC Deputy Chair Sarah Court said in a statement that ASIC’s investment scam […]
Crypto Advocacy Groups Double Down On Support Of Prospective CFTC Chair
Several cryptocurrency and blockchain associations advocating for the industry are pushing for a “prompt confirmation” of Brian Quintenz as chair of the US Commodity Futures Trading Commission (CFTC). In a Wednesday letter to US President Donald Trump, representatives from several crypto organizations reiterated their support for Quintenz’s confirmation in the Senate following the president’s nomination. […]
Crypto Market correction driven by investor ‘fear spikes’ ahead of Powell speech
Cryptocurrency investors are bracing for the US Federal Reserve’s annual gathering in Jackson Hole on Friday, where Chair Jerome Powell’s remarks may provide key signals on interest rate policy heading into September’s Federal Open Market Committee meeting. Bitcoin (BTC) briefly fell to $112,565 on Wednesday, a two-week low last seen on Aug. 3, Cointelegraph data […]
Crypto Funds Bleed With Nearly $1B Outflows in BTC and ETH
Cryptocurrency investment products expanded their losses on Tuesday, with Bitcoin fund outflows surging more than 300% and Ether losses doubling, both ranking as the second-largest outflows this month. Spot Bitcoin (BTC) exchange-traded funds (ETFs) saw $523 million in outflows on Tuesday, rising more than fourfold from Monday, according to Farside Investors data. Ether (ETH) ETFs […]
Fed Official Says Staff Should Be Allowed To Hold Crypto
The Federal Reserve’s top regulatory official says staff from the US central bank should be allowed to invest a small amount in crypto to help them understand the technology. Fed vice chair for supervision Michelle Bowman said at a blockchain event in Wyoming on Tuesday that the regulator should consider allowing its staff “to hold […]
LATAM Crypto Exchange Flows Surge 9x to $27B as Bitso Dominates Market
Latin America’s (LATAM) centralized crypto exchanges grew from niche platforms into critical financial infrastructure in three years, with flows increasing ninefold, according to new research. Dune Research’s LATAM Report revealed that 2021 annual crypto exchange flows in the region totaled $3 billion. In 2024, the total exchange flows for LATAM reached $27 billion, up by […]
Illinois Passes Crypto Consumer Protection Laws
Illinois Governor JB Pritzker took a swipe at US President Donald Trump for allowing “crypto bros” to guide policy as he signed two new bills to regulate crypto in the state on Monday. “While the Trump Administration is letting crypto bros write federal policy, Illinois is implementing common-sense protections for investors and consumers,” said Governor […]