Bitcoin Exchange Bull Bitcoin Challenges EU Crypto Tax Rules in France

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Bitcoin exchange Bull Bitcoin has petitioned France's Council of State to strike down EU's DAC8 crypto tax reporting rules, citing risks of mass data leaks and increased danger to crypto holders due to potential kidnappings and wrench attacks.

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Over 24 proposed prediction market ETFs from issuers like Roundhill and Bitwise remain stalled by the SEC, which is scrutinizing fund mechanics and investor disclosures. These ETFs aim to track outcomes of elections, cryptocurrency prices, and commodity values, but regulatory uncertainty delays their market entry.

CryptoSlate

Developing·1h ago

Wall Street Banks Restrict Employee Trading on Prediction Markets Amid Insider Trading Fears

Major Wall Street banks like Goldman Sachs, Morgan Stanley, and Bank of America are implementing new restrictions on employee trading on prediction market platforms due to concerns about the use of nonpublic information. This follows increased scrutiny from US lawmakers and regulators.

Cointelegraph

Developing·1h ago

Circle Receives OCC Approval for First National Digital Currency Bank

Circle, the issuer of the USDC stablecoin, has received final approval from the US OCC to establish First National Digital Currency Bank (FNDCB), operating as Circle National Trust. This federally regulated trust institution will initially offer digital asset custody services for Circle and its affiliates, with potential future expansion to institutional clients.

Cointelegraph

Developing·1h ago

Japanese Lender CRYL Launches Bitcoin-Backed Loans Up to $6.2 Million

Japanese lender CRYL has introduced Bitcoin-backed loans, allowing individuals and businesses to borrow up to 1 billion yen ($6.2 million) without selling their cryptocurrency. The loans feature annual rates of 3.5% to 7% and collateral ratios of 40% to 60%, expanding Japan's regulated crypto-financing market.

Cointelegraph

Developing·2h ago

TeraWulf Reportedly Seeks $3.5 Billion Debt for AI Data Center Expansion

TeraWulf is reportedly seeking $3.5 billion in debt financing led by Morgan Stanley to expand its Kentucky data center campus, leased by AI firm Anthropic. This move highlights growing funding opportunities for data center operators driven by AI demand.

Cointelegraph

Developing·2h ago

JPMorgan Warns of Private Blockchain Threat to Bitcoin, Cites Wall Street Shift

JPMorgan warns that Wall Street's move to private blockchains for tokenization and payments could drain liquidity from Bitcoin and other public crypto assets. While banks build closed networks, Bitcoin's scarcity and independence offer a counter-narrative, potentially increasing its value as an asset outside institutional control.

CryptoSlate

Bitcoin Exchange Bull Bitcoin Challenges EU Crypto Tax Rules in France

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