Author: John Smith

Germany has prepared a 25% flat tax on cryptocurrency gains from 2028, potentially ending the country’s long-standing exemption for Bitcoin and other digital assets held for more than one year. Summary Germany plans to tax crypto gains at a flat 25% rate from 2028, replacing the current system that exempts assets held for more than one year. The proposed rules would cover crypto assets bought after Jan. 1, 2027, while the treatment of previously purchased holdings has yet to be decided. The Finance Ministry expects the measure to generate roughly €350 million in additional tax revenue. Crypto gains could be…

BitMart appointed Alvarez & Marsal as its financial adviser on Sept. 9 as the crypto exchange reviews its financial position, withdrawal restrictions and possible paths following the suspension of trading. Summary BitMart appointed A&M to assess finances, stakeholder claims and withdrawal arrangements with its legal advisers. Five business days is BitMart’s deadline to publish a dedicated user feedback portal online publicly. BitMart expects to announce its action plan and consultation details within three weeks of Wednesday. BitMart halted trading on August 26 after announcing an orderly platform wind-down in July 2026. No audited asset balance, creditor recovery rate or withdrawal…

CleanSpark produced 593 Bitcoin in August 2026 as rising Bitcoin prices improved mining revenue during the second half of the month. Summary CleanSpark mined 593 bitcoin in August as average operating hashrate reached 38.3 exahashes per second. CleanSpark sold 821 bitcoin and ended August holding 13,703 coins, including 3,951 tied to derivatives. August hashprice averaged $34.63 per petahash daily, its highest monthly level since May 2026 data. CleanSpark’s peak efficiency implied electricity-only breakeven near nine cents per kilowatt-hour before other operating costs. Efficient fleets earned about $87 per megawatt-hour during August, before non-energy mining expenses were deducted. The Nasdaq-listed company…

Malone Lam pleaded guilty on Sept. 8 to participating in a racketeering conspiracy that U.S. prosecutors linked to more than $245 million in cryptocurrency thefts. Summary Malone Lam pleaded guilty to one RICO conspiracy count involving $245 million in cryptocurrency thefts. Prosecutors said Lam organized an international network using social engineering and occasional residential break-ins worldwide. More than 4,100 Bitcoin were stolen from one Washington resident during the August 2024 attack. The criminal enterprise operated from October 2023 through at least May 2025, court documents show. Judge Colleen Kollar-Kotelly scheduled a December 8 status hearing without announcing Lam’s sentencing date…

Traditional digital asset returns often rely on price increases. Whether it’s XRP, BTC, or other crypto assets, prices are influenced by various factors such as market sentiment, liquidity, and policy environment. Therefore, solely relying on price increases for returns carries significant market volatility risk. Summary XRPPower offers short and long term digital asset service plans for XRP, BTC, ETH and USDT holders. Some plans advertise potential earnings of up to $50,000, with returns dependent on the selected plan and participation conditions rather than being guaranteed. New users receive a $21 registration bonus that can be used for daily contracts, while…

BitMine Immersion Technologies has purchased 28,086 ETH worth about $70.1 million, raising its Ethereum treasury to 5.93 million tokens as Chairman Tom Lee predicts further gains for the asset. Summary BitMine acquired 28,086 ETH last week, lifting its holdings to 5,929,198 tokens. The company now owns 4.9% of Ethereum’s estimated 122 million-token supply. More than 5.06 million ETH is staked, with projected annual revenue of $330 million. Tom Lee cited U.S. crypto legislation, tokenization, and blockchain-based AI as possible market catalysts. BitMine’s Ethereum treasury has reached 5.93 million ETH BitMine said in a Sep. 8 treasury update that it held…

Circle has added upfront fee payments to CCTP Fast Transfer, allowing developers to quote and collect cross-chain USDC fees on the source network while preserving the amount delivered to recipients. Summary CCTP developers can collect Fast Transfer and Forwarding Service fees before a USDC transfer. Fees can be paid in USDC or the source blockchain’s native gas token. Circle’s Quote API combines supported protocol fees into one signed, time-limited quote. Upfront fees require an EVM source chain, although transfers can still end on supported non-EVM networks. CCTP collects transfer fees before burning USDC Circle’s official developer documentation says the process…

Kalshi has lost an emergency injunction request at the 10th Circuit, leaving Utah free to enforce its gambling laws while the prediction market operator pursues its appeal. Summary The 10th Circuit denied Kalshi’s request for an injunction pending appeal. Utah may now bring civil or criminal enforcement action against the prediction market operator. States have won 12 consecutive federal rulings since an earlier Minnesota decision favored prediction markets. New Jersey has asked the Supreme Court to settle the federal-versus-state jurisdiction dispute. Utah can enforce its gambling laws against Kalshi Legal analyst Daniel Wallach said in an X post that the…

Copper CEO Amar Kuchinad has left the crypto custody company four months into a sale process that reportedly values the firm at $500 million despite potential offers near $200 million. Summary Kuchinad has departed less than two years after taking over from Copper founder Dmitry Tokarev. Cantor Fitzgerald has been marketing the custody company with a reported $500 million price tag. Potential buyers have submitted offers near $200 million, according to an earlier report. Copper recently appointed Elin Cherry and Sean Bowen to senior compliance and operations roles. Copper CEO leaves during buyer search According to a report on Sep.…

With 38 active cases across 21 states, conflicting federal rulings over Kalshi have raised the risk that U.S. prediction-market access will fragment by location and trading venue, Kalshinomics co-founder Aaron Courtney has told crypto.news. Summary New Jersey has asked the Supreme Court to resolve opposing federal rulings involving Kalshi. Courtney said state restrictions could weaken liquidity first in local political and event markets. Washington proxy data has not shown a clear statewide liquidity shock after Kalshi restricted access. Casino.org counts 38 pending prediction-market cases across 21 states and enforcement in 10 jurisdictions. Courtney, who co-founded prediction-market analytics platform Kalshinomics, said…