Brazil is taxing cryptocurrency profits at a flat rate, having scrapped the monthly exemption previously granted to small-scale investors. Starting June 12, a 17.5% capital gains tax applies to all crypto transactions, regardless of the value or volume, as part of Provisional Measure 1303, introduced by the federal government to increase revenue from financial market…
With stablecoins gaining traction worldwide, Hong Kong is pushing forward with its licensing framework in a bid to position itself as a global leader in the thriving sector. According to Financial Secretary Paul Chan, Hong Kong is speeding up plans to launch its new stablecoin licensing rules by August 1, 2025. His comments, shared in…
Cardano may be nearing a bullish reversal as it forms a falling wedge pattern on the daily chart, a structure commonly associated with trend reversals. According to data from crypto.news, Cardano (ADA) was priced at $0.6404 with a market cap of $23.12 billion as of press time. At its present price, the token is down…
Ethereum co-founder and Consensys founder Joseph Lubin predicts Wall Street will soon make its foray into DeFi and crypto amidst the recent spike in institutional demand for BTC and ETH. In a recent post, Lubin highlighted the increasing demand for Bitcoin (BTC) and Ethereum (ETH) coming from institutional investors. He believes that the spike in…
Hyperliquid jumped by 330% from its lowest level in April and could be on the verge of more gains after crossing a key $2 billion milestone. Hyperliquid’s (HYPE) price was trading at $40.4 on Sunday, June 15, a few points below the all-time high of $43.96. Its market capitalization has moved to $13 billion, while…
The broader crypto market faced a sharp jolt earlier today as geopolitical tensions between Israel and Iran triggered a wave of sell-offs. Among the tokens hit was Hyperliquid’s HYPE, which saw a steep intraday decline. However, the token is now showing signs of recovery. Trading at $39.63 at press time, HYPE (HYPE) is gradually rebounding…
Sonic’s price is likely to continue sliding in the coming weeks, as bearish technical indicators persist and momentum across its ecosystem slows down. Sonic (S) price fell 15% to an intraday low of $0.314 on June 13, down by over 68% from its highest point this year. This crash has brought its market capitalization close…
The years-long legal drama involving basketball star Shaquille O’Neal and his ties to the now-bankrupt crypto exchange FTX is finally coming to an end. According to a recent CNBC report, Shaquille O’Neal has agreed to pay $1.8 million to settle the class action lawsuit that accused him of misleading investors by promoting FTX. The lawsuit,…
Marking a major reversal of Biden-era policy, the U.S. Securities and Exchange Commission has withdrawn key measures targeting crypto custody and decentralized exchanges. On Thursday, the commission confirmed it was formally rescinding 14 proposed rules introduced between March 2022 and November 2023, including several that sought to expand regulatory oversight of digital assets. In a…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Last December, decentralized exchanges reached a remarkable milestone, surpassing $462 billion in monthly trading volume. Although the volume has fluctuated during different market cycles over the past quarter, trading activity on DEXs…
