“`html This day in crypto, the US Senate approved a funding measure to conclude the ongoing government cessation, now pending House endorsement. Brazil’s central bank initiated steps to impose stricter regulation on crypto and stablecoins, while a US Senate committee unveiled a preliminary outline for digital assets.Senate endorses funding measure to restart US government, awaits House voteThe US administration is inching closer to resuming operations after over 40 days of inactivity, with several Democratic legislators in the Senate collaborating with Republicans to secure the funding measure.On Monday, the US Senate conducted a late-night vote for a bill “continuing appropriations and…
Autore: wsjcrypto
“`html Reliable Editorial material, evaluated by top industry professionals and experienced editors. Advertisement Disclosure The U.S. Treasury and Internal Revenue Service (IRS) have formally sanctioned staking for cryptocurrency exchange-traded funds (ETFs), signifying a significant milestone for digital asset investment. Associated Reading: Hedera Hashgraph Included in Google BigQuery Public Datasets The recent guidance, published under Revenue Procedure 2025-31, permits ETFs and trusts that possess proof-of-stake (PoS) assets like Ethereum (ETH) and Solana (SOL) to stake their holdings, directly distributing staking rewards to investors, without risking their tax status. U.S. Treasury Enables Crypto ETF Staking Treasury Secretary Scott Bessent characterized the advancements…
“`html By Adrian H. Halili and Chloe Mari A. Hufana, Reporters TYPHOON Fung-wong, commonly referred to as Uwan, has resulted in at least 18 fatalities primarily due to landslides triggered by heavy rainfall throughout Luzon and Visayas, as reported by the Office of Civil Defense (OCD) on Tuesday. OCD Deputy Administrator Bernardo Rafaelito R. Alejandro IV indicated that casualties were documented in Cagayan Valley (Region 2), Cordillera Administrative Region (CAR), Bicol Region (Region 5), Western Visayas (Region 6), and Eastern Visayas (Region 8). “There were three in Region 2, 12 in CAR mostly as a result of landslides, one in…
Scott Matherson is a distinguished cryptocurrency author at NewsBTC with an aptitude for capturing the essence of the market, addressing significant transitions, technological innovations, and regulatory modifications with accuracy. Having observed the shifting landscape of the crypto universe firsthand, Scott can analyze intricate cryptocurrency subjects and present them in a straightforward and captivating fashion. Scott’s commitment to clarity and precision has established him as an invaluable resource, aiding in clarifying the intricate realm of cryptocurrency for numerous readers. Scott’s background spans several sectors beyond crypto, including banking and investment. He has integrated his extensive expertise from these fields into the…
“`html Today in cryptocurrency, a fresh framework from Brazil’s central financial authority imposes banking-style supervision on crypto firms, broadening Anti-Money Laundering (AML) and foreign exchange (FX) regulations to stablecoins. Additionally, a draft crypto bill was published by a US Senate committee, and crypto funds in the US have been authorized to engage in staking.Brazil categorizes stablecoin payments as foreign exchange under new regulationsThe Banco Central do Brasil has finalized regulations that bring crypto businesses under banking-like governance, defining stablecoin transactions and specific self-custody wallet transfers as foreign-exchange activities.As per Resolutions 519, 520 and 521, issued on Monday, the Banco Central…
“`html In the realm of cryptocurrency today, a novel framework from Brazil’s central bank subjects crypto enterprises to banking-like supervision, expanding Anti-Money Laundering (AML) and foreign exchange (FX) regulations to stablecoins. Additionally, a draft crypto proposal was unveiled by a US Senate committee, and US regulatory bodies have authorized crypto funds to engage in staking.Brazil designates stablecoin transactions as foreign exchange under updated regulationsThe central bank of Brazil has finalized regulations that place crypto firms under banking-like supervision, categorizing stablecoin payments and specific self-custody wallet transfers as foreign-exchange activities. Through Resolutions 519, 520, and 521, published on Monday, the Banco Central…
“`html A diminished powerful tropical storm, Fung-wong, locally referred to as Uwan, has departed the Philippine Area of Responsibility (PAR) but could return on Wednesday, as per the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). Fung-wong, featuring sustained winds of 110 kilometers per hour (kph) and gusts reaching up to 135 kph, was last positioned 365 kilometers west of Calayan, Cagayan, progressing in a north-northwest direction at 10 kph, PAGASA noted in its 8:00 a.m. update. In a previous bulletin, PAGASA indicated that the cyclone is anticipated to re-enter PAR on Wednesday as it heads towards the southwestern shoreline…
“`html The US Senate Agriculture Committee has unveiled its eagerly anticipated discussion draft of cryptocurrency market structure regulations, moving Congress closer to enacting laws that delineate the oversight of the crypto industry.Republican Agriculture Chairman John Boozman and Democrat Senator Cory Booker issued the draft on Monday, which features brackets around areas of the proposed legislation that lawmakers are still deliberating.The legislation intends to clarify the limits of the Commodity Futures Trading Commission and the Securities and Exchange Commission’s authority over crypto regulation. Only Congress has the power to determine the regulatory scope of these agencies, both of which have informally…
“`html US President Donald Trump’s most recent assurance of a tariff-funded “dividend” stunned the markets on Monday, prompting traders in digital currencies to swiftly adjust to the prospect of extra funds in American hands. Related Reading The initiative aims to provide at least $2,000 to most adults and has been characterized as part of a broader effort to utilize tariff revenues for direct payments. Tariff Dividend Ignites Market Activity As per reports, the concept is being framed as a method to transform tariff income into direct payouts for citizens, with supporters connecting the initiative to improved consumer spending and an…
“`html THE PRIMARY INDEX fell to an over five-year low on Monday as unsatisfactory third-quarter gross domestic product (GDP) growth and feeble foreign direct investments (FDI) data triggered concerns of an economic downturn. The benchmark Philippine Stock Exchange index (PSEi) declined by 0.98% or 56.73 points, concluding at 5,702.64, while the wider all shares index diminished by 0.45% or 16.14 points to finish at 3,498.43. This represented the PSEi’s poorest performance in nearly five-and-a-half years or since its closure at 5,570.22 on May 28, 2020. “The Philippine market closed lower despite more affordable valuations after the GDP figures were released.…