Bitcoin(BTC)

Brazil has scrapped its monthly tax exemption for crypto profits, introducing a flat 17.5% capital gains tax on all digital asset transactions. In response, MP Eros Biondini has proposed a bill to remove taxes on long-term Bitcoin holdings and promote self-custody rights.

Korean low-cap altcoins, such as Kimchi coins, have experienced a rapid surge in value over the past few days after the Korean government announced plans to launch a won-backed stablecoin.

Coinbase’s decision to sponsor a U.S. military parade held in Washington, D.C., on June 14 has ignited a heated debate within the crypto community—has the industry strayed too far from its original ethos?

Metaplanet has reached 10,000 Bitcoin six months ahead of its target, becoming the ninth-largest public holder and surpassing Coinbase. It raised funds through zero-interest bonds and a record $5.4 billion equity programme, with plans to own 1% of all Bitcoin by 2027.

In a significant policy shift, Brazil has officially eliminated the tax exemption previously granted to small-scale crypto investors. Under the new regulation, all capital gains from cryptocurrency transactions will be subject to a flat 17.5% tax rate.

Binance now offers full access to Syrian users after the US lifted sanctions, removing Syria from its Prohibited Countries list. Syrians can trade over 300 tokens, joining 270 million users globally—a major shift for a region long cut off from global finance. Could this be a breakthrough for financial inclusion?

John Woeltz and William Duplessie pleaded not guilty to kidnapping and unlawful imprisonment charges in a high-profile crypto extortion case. Their attorneys argue the alleged victim, Michael Carturan, was free to move during the time he claims he was held.

The Czech Justice Ministry accepted a €40 million Bitcoin donation from a convicted criminal, sparking a major political scandal. Justice Minister Pavel Blažek resigned, and Eva Decroix was appointed to help restore public trust ahead of upcoming elections.

Tether will release its Bitcoin Mining Operating System (MOS) as open-source software by late 2025, allowing smaller miners to join without relying on expensive third-party tools. This aims to make Bitcoin mining more accessible and competitive, giving new players better control and efficiency.

Bitcoin adoption is transforming financial access in Kibera, providing residents with greater economic independence and enhanced transaction security in a cash-based economy.