Lummis pushes $300 crypto tax exemption proposal
US Senator Cynthia Lummis has renewed her push for a tax exemption on small cryptocurrency transactions as lawmakers debate a broader digital asset market structure bill in Congress.
US Senator Cynthia Lummis has renewed her push for a tax exemption on small cryptocurrency transactions as lawmakers debate a broader digital asset market structure bill in Congress.
Crypto brokerage Blockchain.com is expanding into Ghana after reporting rapid trading growth in Nigeria, highlighting rising demand for digital asset services across West Africa.
Swiss crypto bank Amina has joined the EU-regulated blockchain securities platform 21X as its first regulated banking participant, linking traditional financial institutions with a tokenised capital markets infrastructure.
South Korean cryptocurrency exchange Bithumb could face a partial business suspension of up to six months after regulators flagged alleged anti-money laundering and customer verification failures.
BitGo CEO Mike Belshe said Bitcoin’s fixed supply remains the cryptocurrency’s most important feature even as the broader digital asset industry expands into new areas such as stablecoins and tokenisation.
President Donald Trump’s newly released National Cyber Strategy signals potential long-term support for crypto infrastructure by identifying blockchain and cryptocurrencies as technologies the U.S. intends to secure.
Bhutan’s Royal Government moved 175 bitcoin worth about $11.85 million on Monday as the country adjusted holdings from wallets linked to its sovereign investment arm.
Bitcoin rebounded about 4.78% to trade near $69,128 after opening around $65,974, but technical signals suggest the broader market structure still favours bears.
Pudgy Penguins’ launch of its new Pudgy World game is boosting interest in the ecosystem’s PENGU token as traders treat the asset as a high-beta bet on NFT gaming adoption.
The Bitcoin network has produced its 20 millionth coin, leaving just one million BTC remaining before the digital asset reaches its fixed supply cap of 21 million.
The Miami-based firm generated $28 million in revenue for the year ended December, with most income coming from staking rewards earned by validating transactions on Ethereum’s network.
Block CEO Jack Dorsey said he is not a fan of stablecoins but confirmed the company will support them in Cash App because customers increasingly want to use them for payments.
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