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UK Reveals 240 Crypto Millionaires in First Official Tax Report

The UK government’s first official report on taxable crypto asset gains identifies 240 people who each declared more than £1 million in capital gains. Together, they reported £717 million, more than half of the £1.38 billion declared by 17,600 individuals. First Official Tax Report Identifies 240 Crypto Millionaires The UK government’s first official publication of […] from Bitcoin News https://ift.tt/hQ54ziF
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Solana Breaks 10-Month Curse as Institutional Money Storms In

As of this weekend, the digital asset solana (SOL) is closing August with its first monthly win in nearly a year, as institutional money, a tighter future token supply, and record network activity drove SOL back above $100 per coin. The token traded near $106 on Sunday afternoon after touching $110.38 on Aug. 27, its […] from Bitcoin News https://ift.tt/t8w2V7Y
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Bessent’s Bond Buyback Gamble, Druckenmiller’s Response, and More – Weekly Recap

This week’s stories showed crypto pushing deeper into traditional finance as markets rallied. Charles Schwab moved beyond BTC and ETH by adding SOL, AVAX and LINK, while Circle minted 5 billion USDC in a week. Bitcoin reclaimed $80,000 as Treasury buybacks fueled debate over yield suppression, with Stanley Druckenmiller warning against intervention. Meanwhile, Coinbase and […] from Bitcoin News https://ift.tt/cViGyhe
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Bitcoin Early Adopters Stir as 6,427 BTC Worth $500M Moves in August

Following the Coldcard exploit that occurred 30 days ago in July, the episode and others that followed appear to have rattled many long-term holders, as August brought an enormous wave of dormant coins moving to new addresses. According to the latest metrics, 6,427.59 dormant BTC worth $507 million moved for the first time in years […] from Bitcoin News https://ift.tt/T4sBRj3
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Zcash’s 19x Rally May Have More Room as Grayscale Eyes Bitcoin Share

Zcash has climbed roughly 19-fold over the past year, but Grayscale argues the privacy-focused cryptocurrency may remain undervalued. The crypto asset manager sees privacy, cybersecurity development, and cross-chain connectivity supporting further market-share gains. Grayscale Sees More Room After Zcash’s 19x Rally Zcash may have further upside despite rising approximately 19-fold over the past year, according […] from Bitcoin News https://ift.tt/ygkhVxa
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Community Bankers Demand Total Ban on Stablecoin Rewards

Community banks are leading the opposition to the CLARITY Act, stressing that there is no middle ground on the stablecoin yield issue. Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America, said that this so-called “loophole” had to be “closed entirely.” Community Banks Draw Close Ranks On Stablecoin Yield Passing the Digital […] from Bitcoin News https://ift.tt/QvTHaDy
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Don’t Trust, Verify: Poisoned AI Links Expose a Nightmare for Crypto Workers

This week, the co-founder of Refi Hub, Numa Lunah, explained that he was compromised by following a download link delivered inside a Claude chat window. The warning is a wake-up call to blockchain and crypto industry workers, as links, skills, and other packages can lead to irreversible theft. Claude Chat Link Turns Into a Malware […] from Bitcoin News https://ift.tt/3t18Khx
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