Author: James Wilson

Chainalysis estimated on Aug. 26 that France generated about $9.4 billion in potentially taxable crypto activity during 2025, placing the country among the world’s 15 largest markets covered by its latest crypto tax study. Summary Chainalysis estimated global potentially taxable crypto activity reached $457 billion across six blockchains during 2025. France accounted for estimated $9.4 billion in income, gains, and crypto payment activity during 2025. French taxpayers reported €368 million in crypto gains for 2024 through approximately 24,000 tax filings submitted. DAC8 requires providers to collect 2026 transaction data, with first exchanges due September 30, 2027. Chainalysis cautioned its estimates…

Polish prosecutors have charged Roman Ż., a former business partner of missing BitBay founder Sylwester Suszek, with two offenses as the Zondacrypto investigation expands beyond 3,600 customer complaints. Summary Roman Ż. is at least the fifth person charged in the Zondacrypto investigation. One charge concerns alleged fraud, while prosecutors have not disclosed the second offense. Customers face estimated losses of at least 350 million zlotys, or about $94 million. A court will decide whether Ż. remains in custody during the investigation. Zondacrypto suspect faces two charges According to a report published Monday, Roman Ż. was arrested on Saturday in Poland’s…

Bitcoin has fallen 0.8% to about $79,176 over the past 24 hours as analysts forecast continued trading between $78,000 and $82,000 before the Federal Reserve’s September policy decision. Summary Bitcoin traded between $78,707 and $80,494 over the past 24 hours, according to CoinGecko. CoinEx expects the price to remain between $78,000 and $82,000 until the Fed meeting. US spot Bitcoin ETFs attracted $986.9 million last week, lifting three-week inflows to about $3.8 billion. CPI, Treasury yields, and spot demand could determine whether Bitcoin breaks its current range. Bitcoin price remains capped near $82,000 Bitfinex analysts told crypto.news that Bitcoin’s current…

Liquid Network has recovered 3,400 BTC worth about $269.2 million from the self-described white-hat hackers behind a 4,000 BTC withdrawal, although nearly $47 million remains outstanding. Summary The actors returned 3,400 BTC, recovering about 85% of the withdrawn funds. Roughly 598.5 BTC, worth about $47 million, remains in the withdrawal-linked address. Blockstream told the actors that its bridge nodes had been patched before the repayment. Liquid has not announced when its bridge and L-BTC services will resume normal operations. Liquid Network has recovered 85% of the withdrawn Bitcoin On-chain data shows that the actors returned 3,400 BTC, worth about $268.2…

The Ethereum Foundation has published ratings for 62 Hegotá proposals after collecting 397 assessments from about 60 protocol specialists across nine teams. Summary 62 Ethereum Improvement Proposals received ratings ahead of the planned Hegotá network upgrade. 397 assessments came from researchers, engineers, and specialists across nine Protocol Cluster teams. Ethereum’s Protocol Cluster wants the Layer 1 network to resist quantum attacks by December 2029. A Reddit AMA on Sept. 16 will cover the ratings and Ethereum’s protocol priorities. The Ethereum Foundation said in a Sept. 7 post on X that its Protocol Cluster had released two articles covering Hegotá and…

Brazil’s largest banks have expanded their crypto offerings to as many as 28 assets after transactions across the country reached R$505.5 billion or about $98.7 billion in 2025. Summary Itaú now offers 15 crypto assets, while Nubank has listed 28 tokens for customers. Banco do Brasil has processed more than R$11 million in crypto transactions since January. March filings show Brazilian banks held no virtual assets on their own balance sheets. Crypto firms face new licensing, capital and client-asset rules under Brazil’s regulatory framework. Brazil banks expand crypto access without taking exposure Folha de S.Paulo reported on Sept. 7 that…

Local-currency stablecoin launches have increased demand for 24/7 foreign exchange liquidity as more than 70% of conversions into dollar stablecoins begin in another currency. Summary TransFi CEO Raj Kamal expects local-currency stablecoins to move more foreign exchange activity onchain. Round-the-clock settlement could produce thinner liquidity and higher conversion costs outside normal trading hours. Fragmentation across currencies, issuers, and blockchains may leave businesses relying on dollar stablecoins as intermediary assets. Banks will need redemption, FX, and network connections to turn token issuance into regular commercial use. Raj Kamal, founder and CEO of payments company TransFi, told crypto.news that issuing euro, sterling,…

Ripple CEO Brad Garlinghouse has cited an 86-tonne reallocation of Dutch gold reserves to argue that crypto networks can move value across borders faster than physical reserve systems. Summary DNB sold about 59 tonnes of gold in New York and replaced it in London. More than 27 tonnes were moved physically between North America, Zeist, and London. Garlinghouse said crypto reduces the dependence of value transfers on asset location. DNB kept its total gold reserves unchanged while increasing the share stored in London. Dutch gold transfer changed where reserves were held De Nederlandsche Bank said it reallocated about 86 tonnes…

Flare has recorded a roughly 34% increase in staked FLR since July, taking the total to 21.5 billion tokens as its revised economic model cuts inflation and ties more network activity to token burns and protocol revenue. Summary Flare staking increased from about 16 billion to 21.5 billion FLR after the July upgrade. FIP.16 reduced annual FLR inflation from 5% to 3% and lowered its issuance ceiling. Transaction-fee burns have risen to more than 10 times their level before the network upgrade. FIRE has collected $31,438 from four revenue sources since it started operating in May. Flare staking has increased…

Ethereum developers have committed EIP-8141, known as Frame Transactions, to the network’s 2027 Hegotá upgrade, putting native account abstraction on the path to becoming part of Ethereum’s standard transaction system. Summary Ethereum developers have scheduled EIP-8141 Frame Transactions for inclusion in the Hegotá upgrade planned for 2027. Frames separates transaction authorization, gas payment and execution, allowing an app or another account to cover a user’s ETH transaction fee. The proposal could let users transact with stablecoins without holding ETH while validators continue receiving network fees in ether. Frames can bundle related actions such as token approvals and trades so permissions…