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 Digital Chamber is among the oldest and largest crypto advocacy groups, and it’ll now incorporate CryptoUK into its widening operations. What to know: The Digital Chamber, which is among the most prominent crypto lobbying groups, is incorporating one of the leading U.K. digital assets groups, CryptoUK, as an affiliate under […]
Canada’s tax agency says legal gaps limit its ability to track crypto-related income as it recovers $100 million through audits and pushes for tighter regulation. What to know: The Canadian Revenue Agency (CRA) revealed that 40% of taxpayers who use cryptoasset platforms are evading crypto taxes or are at high […]
The effort is starting small, but Texas made an opening foray into a state-based crypto reserve — getting closer to the first government stockpile in the U.S. What to know: Texas took a step toward building a state-based crypto reserve, grabbing $5 million of BlackRock’s bitcoin exchange-traded fund, officials told […]
Digital bank Klarna’s stablecoin, issued by Stripe’s Bridge on top of the upcoming Tempo blockchain, is set to debut next year. What to know: Klarna, the Sweden-based digital bank known for its “buy now, pay later” offering, said Tuesday that it will debut a U.S. dollar stablecoin, becoming the latest global fintech […]
The divergence emerged when newer nodes accepted a malformed transaction that older nodes rejected. What to know: A malformed transaction pushed Cardano into a brief chain split in late U.S. hours on Friday, as older and newer node versions validated transaction data submitted to the network differently. The mismatch caused […]
The 67-year-old Hill’s recent autism diagnosis, as well as his advanced age, seemed to serve as mitigating factors for the sentencing judge. What to know: NEW YORK — William “Bill” Hill, 67, one of the co-founders of Bitcoin mixer Samourai Wallet, was sentenced to four years in prison on Wednesday for […]
Erik Thedéen said a different approach is needed as the U.S. and U.K. refused to implement the rules already set out. What to know: The rules on banks holding large amounts of capital to cover losses in cryptocurrency need a rework, the chair of the Basel Committee on Banking Supervision said, […]
Rep. Warren Davidson introduced legislation that allows bitcoin tax payments without incurring capital gains to beef up the U.S. Strategic Bitcoin Reserve. What to know: One of the crypto industry’s longtime Republican allies in Congress introduced a bill to allow individuals and businesses to pay taxes in bitcoin without triggering capital […]
The country has added nearly 100 million dollars to the national bitcoin treasury as BTC trades below $90k. What to know: El Salvador is doubling down on its bitcoin strategy during one of the sharpest sell-offs of the year, adding more than 1,000 BTC to its national BTC treasury. The government […]