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In June, Brazil eliminated its exemption for small cryptocurrency gains and introduced a flat 17.5% tax on capital gains from digital assets, no matter the size of the gain. That move — framed as part of a wider effort to raise revenue from financial markets — has reverberated beyond Brazil’s
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Trish Turner has stepped down as head of the Internal Revenue Service’s digital assets division after roughly three months in the role, ending a career at the agency that spanned more than two decades. In a LinkedIn post marking her departure, Turner reflected on her long IRS service and
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Preston Pysh, co-founder of the Bitcoin-focused venture fund Ego Death Capital, told the Coin Stories podcast that early Bitcoin adopters are unlikely to drop their deep distrust of institutional involvement in the space. Pysh argued that a core strand of Bitcoin culture — individuals who self-custody their coins and endured large
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Bitcoin surged after Federal Reserve Chair Jerome Powell signaled a possible shift toward easing, delivering a sharp intraday rally that pushed the price through the $117,000 zone. The move quickly ate into resting sell-side liquidity above that level and sent spot BTC up from a recent low near $111,
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Ether surged to a new all-time high this week, topping prior 2021 peaks as traders reacted to a softer Federal Reserve tone and renewed institutional demand. Intraday prints showed Ether trading above the previous record level as momentum accelerated across U.S. spot Ether exchange-traded funds. The rally intensified after
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Need a quick snapshot of the day in crypto? Today’s headlines cover a bullish outlook for dollar-backed stablecoins, fresh reports that the European Union is weighing public blockchains for its digital euro, and data showing massive early profits for top traders of the Kanye West-linked YZY token. Coinbase released
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Rep. David Schweikert has introduced legislation that would revive a long‑disused constitutional power to commission private actors to act against foreign cybercriminal enterprises. The measure, filed in August 2025 as the Cybercrime Marque and Reprisal Authorization Act, would authorize the executive branch to grant limited commissions to licensed private
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An Illinois federal judge has put a lawsuit against cryptocurrency exchange Coinbase on hold, granting a temporary stay while the courts await a related decision at the appellate level. The pause was requested by Coinbase and approved by the U.S. District Court for the Northern District of Illinois. The
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Ether climbed to its strongest level in nearly four years, igniting large-scale liquidations of bearish, leveraged positions and prompting renewed speculation that the token could test — and possibly surpass — the $5,000 mark. The recent jump followed signs that markets are pricing in a less restrictive U.S. monetary policy,
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VanEck has submitted an S‑1 registration statement with the U.S. Securities and Exchange Commission to create the VanEck JitoSOL ETF, a fund designed to hold JitoSOL — the liquid staking token issued by the Jito ecosystem. The filing, dated August 22, 2025, indicates the trust’s sole digital‑asset
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The U.S. trade dispute has landed hard on the Bitcoin mining industry, with several public miners now confronting nine‑figure tariff bills from U.S. Customs and Border Protection. Reports say companies including CleanSpark and IREN have been notified of potential liabilities in the hundreds of millions of dollars
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A New Jersey federal judge has moved forward with a proposed $13 million settlement between a group of investors and cryptocurrency lender BlockFi after an investor who had objected in February withdrew that challenge. The court ordered BlockFi’s insurers to deposit more than $13 million into an escrow account