Bitcoin dropped another 2% to start November as network data warned of a potential BTC price dip below the $100,000 support level. Bitcoin (BTC) starts November with a dip to $107,000 as traders brace for further support retests. Bitcoin price action gives bulls a grim sense of deja vu as weekend gains evaporate and downside liquidity grows. November seasonality calls for serious BTC price gains, but so far, there is no sign of relief. Read more
Skipping cryp to taxes can trigger hefty fines and legal issues. Find out what really happens if you fail to report or pay taxes on your holdings. Tax authorities like the IRS, HMRC and ATO classify crypto as a capital asset, meaning that sales, trades and even swaps are considered taxable events. Tax authorities worldwide are coordinating through frameworks like the FATF and the OECD’s CARF to track transactions, even across borders and privacy coins. Authorities use blockchain analytics firms like Chainalysis to link wallet addresses with real identities, tracking even complex DeFi and cross-chain transactions. Read more
The license positions Zerohash as one of the first MiCA-approved stablecoin infrastructure companies, strengthening its appeal to institutions. Stablecoin company Zerohash has secured a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA), making it one of the first infrastructure providers authorized to offer stablecoin services across the EU. Zerohash Europe announced Sunday that it acquired a license from the Dutch Authority for the Financial Markets (AFM). This allows the company to provide stablecoin and crypto products to banking institutions, financial technology companies and payment platforms across the 30 European Economic Area (EEA) countries. The AFM’s official registry confirmed that Zerohash has become a registered crypto-asset service provider (CASP). The approval positions Zerohash’s European arm as a CASP that can function as the backbone for organizations exploring tokenized assets, stablecoins and other blockchain-based financial products. Read more
Aster pumped after Binance co-founder Changpeng Zhao shared a screenshot showing that he holds over 2 million Aster tokens. The native token for the decentralized exchange protocol Aster spiked over 30% on Sunday after Binance co-founder Changpeng “CZ” Zhao disclosed that he now holds over $2.5 million in Aster. CZ shared his wallet holdings in an X post on Sunday, and said he bought “some Aster today, using my own money on Binance.” “I am not a trader. I buy and hold,” he added. Read more
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Coinbase is nearing a deal to acquire stablecoin startup BVNK. Romania’s gambling regulator has blacklisted prediction market Polymarket, and crypto market sentiment remains in a state of fear despite renewed clarity on US-China trade relations. Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments. Coinbase exchange is reportedly in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2 billion deal, according to a report by Bloomberg, citing people familiar with the matter. Read more
The EU is reportedly drafting a proposal to transfer crypto and financial sector oversight to the ESMA, as part of a wider push to improve capital markets for startups. The European Commission is exploring plans to bring stock and cryptocurrency exchanges under central supervision as part of a broader effort to make the bloc’s capital markets more competitive with those in the US. The incoming proposal would expand the European Securities and Markets Authority’s (ESMA) jurisdiction to include stock and crypto exchanges, as well as crypto asset service providers and other trading infrastructure, the Financial Times reported on Saturday. The EU's current landscape comprises numerous national and regional regulatory agencies, which significantly raises the cost of cross-border trade, hindering startup development in the region. Read more