Blue Origin accepts cryptocurrencies for space travel, indicating potential Amazon interest. Collaboration with Shift4 allows seamless crypto transactions for Blue Origin flights. Continue Reading: Blue Origin Enables Crypto Payments for Space Travel The post Blue Origin Enables Crypto Payments for Space Travel appeared first on COINTURK NEWS .
In a renewed, high-stakes bid for federal legitimacy, PayPal’s stablecoin issuer, Paxos Trust Company, applied on Monday for a national trust charter, escalating the regulatory race against rivals Circle and Ripple. If approved, the charter would upgrade the firm’s New York license to a federal one, placing it under direct OCC oversight and allowing it to operate nationwide with greater regulatory credibility. Today, we announced that we have filed an application to convert our NYDFS trust charter into a national trust charter under the Office of the Comptroller of the Currency. https://t.co/gVMdwteuLI — Paxos (@Paxos) August 11, 2025 From State Limits to National Reach: Paxos eyes OCC approval Paxos has operated under the NYDFS regime since 2015, when it became the first blockchain and tokenization platform to receive a limited purpose trust charter. That license allowed Paxos to issue regulated products, including the first regulated stablecoin in 2018, but limited to New York and states with reciprocal agreements. Applying for a national trust charter, Paxos is seeking to lift its New York-only restrictions, granting it nationwide authority without the need for separate state licenses, while also strengthening its reputation through unified OCC oversight and opening the door to possible access to federal payment networks. The OCC has relaxed its restrictions on banks engaging with crypto, just hours after @realDonaldTrump pledged to end regulatory barriers. #OCC #Trump https://t.co/GEYG4fCXHu — Cryptonews.com (@cryptonews) March 8, 2025 Notably, OCC supervision might cement Paxos as one of the most heavily regulated blockchain entities globally, a factor the company believes will appeal to major financial institutions considering stablecoin and tokenization solutions. “By applying for a National Trust Bank charter, we are continuing to offer enterprise partners and consumers the safest, most trusted infrastructure available,” said Paxos’s CEO Charles Cascarilla. The timing coincides with the recent passage of federal stablecoin legislation under the GENIUS Act , which set a clearer regulatory framework for digital dollar-pegged assets. Paxos says this alignment between federal rules and its own compliance history creates “a crucial moment to scale our services nationally.” Under a multi-jurisdictional framework, Paxos already operates with oversight from the Monetary Authority of Singapore (MAS), the Financial Supervisory Authority in Europe (FIN-FSA), and the Financial Services Regulatory Authority (FSRA) in Abu Dhabi . In Cascarilla’s view, it’s the next logical step in building infrastructure that “powers financial freedom through blockchain” while meeting the demands of increasingly stringent global regulators. OCC Charters Become the Latest Prize in Crypto’s Expansion Push Paxos’ OCC application follows similar moves from Circle and Ripple , two other high-profile stablecoin and blockchain firms seeking national trust bank charters. @Ripple has applied for a national banking license from the OCC, seeking federal oversight for its Ripple USD stablecoin, $RLUSD . #Ripple #RLUSD https://t.co/G4cNNRBBzz — Cryptonews.com (@cryptonews) July 2, 2025 But so far, Anchorage Digital remains the only active crypto entity with an OCC national trust charter, granted conditionally in January 2021. Anchorage’s experience shows both the potential and pitfalls of the model; while its charter enabled expanded crypto-native services, compliance lapses around AML triggered an OCC consent order in 2022 . The hurdles of securing and maintaining a national charter are steep. Not all past applicants fared well; both Protego Trust and the earlier Paxos application failed to meet OCC expectations and ultimately expired . Meanwhile, lobbying groups such as the American Bankers Association, along with four other major trade groups, have raised strong objections to new crypto charter applicants. In a July 17 letter , the groups argued that the public portions of these applications lack sufficient detail for meaningful scrutiny, urging the OCC to release more information on business plans before proceeding. They warned that granting such charters, which do not involve insured deposits or lending, would represent a significant policy shift that warrants deeper public input. This year, Paxos has expanded its footprint through partnerships with Mastercard , Interactive Brokers, and MercadoLibre, while continuing to issue and manage stablecoins like PayPal’s PYUSD and gold-backed PAXG. Paxos once collaborated with Binance, the world’s largest cryptocurrency exchange, to issue and distribute the Binance USD (BUSD) stablecoin. In early 2023, the New York Department of Financial Services ordered Paxos to halt BUSD issuance , prompting the company to terminate the partnership. Paxos Trust Company has agreed to a $48.5 million settlement with the New York State Department of Financial Services (DFS) over allegations it failed to monitor illicit activity tied crypto exchange Binance. #Paxos #Binance https://t.co/u6PVFMrn46 — Cryptonews.com (@cryptonews) August 7, 2025 Just last week, Paxos agreed to pay $48.5 million to settle New York State charges alleging it failed to adequately monitor illicit activity tied to Binance. The settlement follows Binance’s former CEO pleading guilty to U.S. anti-money laundering violations as part of a $4.3 billion resolution reached in 2023. The post Paxos Makes Landmark Play for National Trust Charter from OCC appeared first on Cryptonews .
BitcoinWorld Unprecedented Crackdown: 210M Won in Korean Virtual Asset Taxes Seized The landscape of cryptocurrency taxation in South Korea is evolving rapidly, and recent developments highlight the nation’s intensified efforts. Seoul’s Gangnam District, in a landmark move, successfully seized 210 million won in unpaid Korean virtual asset taxes . This action signals a crucial shift in how authorities are tackling tax compliance in the digital realm, particularly concerning unpaid crypto taxes . This significant enforcement action demonstrates a proactive stance against crypto tax evasion Korea has been grappling with, setting a new precedent for digital asset accountability. Why Are Virtual Assets No Longer a Tax Blind Spot? For a considerable period, virtual assets were perceived as a challenging “blind spot” for tax authorities. Their decentralized nature and pseudonymous characteristics made tracking and taxing difficult. However, governments worldwide, including South Korea, are now devising robust strategies to ensure fair taxation. The recent seizure in Gangnam District underscores this proactive approach. It demonstrates a clear intent to bring cryptocurrency holdings under the traditional tax framework. This isn’t just about collecting revenue; it’s about establishing a precedent for accountability in the digital economy and ensuring all citizens contribute their fair share of Korean virtual asset taxes . How Are Virtual Asset Seizures Being Implemented in Korea? The success of Gangnam District’s operation provides a blueprint for future enforcement. In the first half of last year, the district collaborated closely with the Seoul Metropolitan Government. They secured vital data directly from Korea’s five major virtual asset exchanges. This data access was instrumental in identifying individuals with substantial virtual asset holdings who had outstanding tax liabilities. Previously, Gangnam District pioneered this approach, becoming the first Seoul district to execute virtual asset seizures last year, recovering an impressive 340 million won. This ongoing effort highlights a growing sophistication in tracking digital wealth and combating crypto tax evasion Korea has faced. By leveraging partnerships with exchanges, authorities gain the necessary insights to identify and pursue non-compliant taxpayers. It’s a testament to the increasing transparency within the crypto ecosystem, driven by evolving South Korea crypto regulations . The Broader Impact of South Korea Crypto Regulations on Tax Compliance This latest seizure sends a strong message across the virtual asset community in South Korea. It reinforces the notion that holding significant digital wealth does not exempt individuals from their tax obligations. These actions are part of a broader trend of tightening South Korea crypto regulations , aiming to foster a more transparent and compliant digital financial environment. Key Takeaways from the Virtual Asset Seizures: Increased Enforcement: Authorities are actively pursuing individuals with unpaid crypto taxes on virtual assets. Data Collaboration: Partnerships with exchanges are crucial for identifying non-compliant taxpayers and facilitating virtual asset seizures . Precedent Setting: Gangnam District’s success serves as a model for other regions looking to enforce Korean virtual asset taxes . Growing Transparency: The era of untraceable crypto wealth is steadily coming to an end in regulated jurisdictions. This proactive stance is likely to encourage greater voluntary compliance among virtual asset holders. Furthermore, it sets the stage for more comprehensive tax frameworks for digital assets in the future. What Does This Mean for Unpaid Crypto Taxes Moving Forward? The consistent success in seizing unpaid crypto taxes suggests a sustained commitment from Korean authorities. It signals that virtual assets are no longer a regulatory blind spot but are firmly within the scope of tax enforcement. Individuals and entities involved in the virtual asset space in Korea should ensure their tax affairs are in order to avoid penalties related to crypto tax evasion Korea is actively targeting. This development is not isolated; it reflects a global trend where governments are keen to integrate digital assets into existing financial and tax systems. Therefore, staying informed about evolving regulations is paramount for anyone holding or trading cryptocurrencies. In conclusion, the seizure of 210 million won in unpaid Korean virtual asset taxes by Seoul’s Gangnam District marks a significant milestone in digital asset regulation. It showcases the increasing capability of authorities to track and enforce tax laws within the cryptocurrency space. This move is a clear indication that the era of treating virtual assets as an untaxable frontier is drawing to a close, paving the way for a more structured and accountable crypto economy in South Korea. Frequently Asked Questions (FAQs) Q1: What is the significance of the 210 million won seizure? This seizure signifies a major step in South Korea’s efforts to enforce tax laws on virtual assets, demonstrating that authorities can effectively track and collect outstanding taxes in the crypto space. Q2: How did Gangnam District identify virtual asset holders with unpaid taxes? Gangnam District collaborated with the Seoul Metropolitan Government and secured data from Korea’s five major virtual asset exchanges, which allowed them to identify individuals with tax liabilities. Q3: Are virtual assets now fully taxable in South Korea? Yes, virtual assets are increasingly subject to taxation in South Korea. The recent seizures highlight the government’s commitment to integrating digital assets into the existing tax framework, ensuring compliance. Q4: What are the implications for crypto holders in Korea? Crypto holders in Korea should ensure full compliance with tax regulations. The increased enforcement means that virtual assets are no longer a ‘blind spot,’ and tax evasion will be actively pursued. Q5: Will other districts or countries follow this approach? Gangnam District’s successful approach sets a precedent and could serve as a model for other districts in South Korea and potentially inspire similar enforcement strategies in other countries grappling with virtual asset taxation. Did you find this article insightful? Share it with your network to spread awareness about the evolving landscape of cryptocurrency taxation and enforcement in South Korea! To learn more about the latest crypto tax enforcement trends, explore our article on key developments shaping South Korea’s crypto tax landscape future tax policies . This post Unprecedented Crackdown: 210M Won in Korean Virtual Asset Taxes Seized first appeared on BitcoinWorld and is written by Editorial Team
Strategy has acquired 155 BTC for $18 million, bringing its total holdings to 628,946 BTC as Bitcoin price nears record highs. Strategy purchased 155 BTC for $18 million at an
Bitmine now holds the world’s largest ethereum treasury, valued at over $4.96 billion. The company’s holdings total 1,150,263 ETH tokens as of August 10, based on a price of $4,311 per token. Bitmine Boasts World’s Biggest ETH Stash Held by a Public Company This valuation marks a significant $2 billion increase from the $2.9 billion
TL;DR Whales accumulated almost $160 million worth of ADA in the span of only 48 hours. Continuous buying efforts, paired with non-declining demand, could trigger a price rally. Increasing Exposure The renowned analyst Ali Martinez revealed on X that Cardano whales (those having between 100 million and 1 billion tokens) scooped up more than 200 million ADA in the last 48 hours. This quantity equals around $157 million (at current rates), while these investors now collectively hold 3.72 billion coins, or 10.3% of the asset’s circulating supply. ADA’s price has increased by approximately 6% over the past week, reaching around $0.78, and the whales’ activity suggests another pump might be incoming. After all, such purchases leave fewer tokens on the open market, which can be followed by a rally (if demand doesn’t decline). In addition , the accumulation may encourage smaller players to hop on the bandwagon with fresh capital. Crypto X is rammed with analysts who believe ADA has yet to post substantial gains. JRNY Crypto thinks the $1 target will be reached soon, whereas Chris believes the valuation could spike to $2 this cycle. For his part, Martinez argued that ADA’s price chart has been mirroring the structure of the bull run witnessed in 2021, “but unfolding more slowly.” “It looks like we’re at the very start of an explosive move,” he claimed. Are They Waiting for Something? It’s a common belief that crypto whales often have access to inside information for an important event that can have a major impact on the price of a certain asset. So let’s check what the big ADA investors might be waiting for. Perhaps it is the potential approval of the first spot ADA exchange-traded fund (ETF) in the United States. The entity that wants to introduce such an investment vehicle is Grayscale. The product will let people gain exposure to Cardano’s native token without purchasing it from exchanges or worrying about self-custody methods. This could have a positive effect on the price in the long term. The approval odds before the end of 2025 dropped below 60% on August 6; however, they are currently around 75% (according to Polymarket). ADA ETF Approval Odds, Source: Polymarket The post 200,000,000 ADA in Just 2 Days: Are Cardano Whales Preparing for Something? appeared first on CryptoPotato .
Blue Origin now allows crypto enthusiasts to use Bitcoin, Ethereum, and Solana to purchase space flights, marking a significant shift in high-end transactions. Flights require a minimum deposit of $150,000.
The crypto market is buzzing again with big moves from Dogecoin. Large whale investors spent over $200 million on DOGE in just 24 hours. This buying indicates a serious renewed interest, not only to retail traders but also to institutions. Simultaneously, other meme coins, such as PEPE and FLOKI, are also gaining momentum, driving the meme coin market as a whole into a new exciting cycle. In the meantime, another token, MAGACOIN FINANCE, is gaining popularity in part due to its high community and potential for growth. DOGE, PEPE, and FLOKI: Meme Coins on the Rise Dogecoin has increased by more than 4% in 24 hours. The increase was driven by large whale purchases. The large purchases indicate strong confidence on the coin. Analysts have noted that whale activity often comes before bigger price moves. This is especially true when institutional funds are involved. This surge also comes as some investors look forward to the possibility of a U.S. spot Dogecoin ETF. If approved, this would make it easier for big players to invest, possibly leading to even more upward momentum. In the meantime, meme coins like PEPE and FLOKI have also been heating up. Their communities are growing fast, and price pumps show that meme coins remain a favorite among traders looking for big short-term gains. Ethereum and Doge Early Adopters Now Backing MAGACOIN FINANCE MAGACOIN FINANCE is gaining attention in the altcoin market. Ethereum and Dogecoin fans are investing after its strong presale and clear roadmap. The project has an active community and solid security measures. These features are attracting cautious investors in the market. Many investors see it as a token to watch in 2025 as its growth story gains popularity among crypto analysts. Early support for MAGACOIN FINANCE from ETH and DOGE communities shows its potential. This interest could give it a strong base for long-term success. Conclusion Whales are buying more Dogecoin, bringing fresh hope for meme coins. Meanwhile, PEPE and FLOKI continue to hold their market momentum. These tokens have loyal communities and strong recent price performance. At the same time, MAGACOIN FINANCE is rising as a promising new token. It is gaining early backing from ETH and DOGE supporters. For these reasons, many investors consider these coins worth watching in 2025. They show strong potential in both the meme coin and altcoin markets. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Dogecoin (DOGE) Surges on $200M Whale Buys — PEPE & FLOKI Pump as Meme Coin Market Heats Up Fast
Chainlink’s growing role in SWIFT’s blockchain integration is drawing comparisons to XRP’s long-standing ambitions in the same sector. Related Reading: Ethereum Faith Fading? Samson Mow Says Holders Will Shift To Bitcoin Reports have disclosed that SWIFT already uses Chainlink technology to connect more than 11,000 banks to public and private blockchains, a move some believe gives Chainlink an edge in real-world adoption. Chainlink’s Ties With Global Finance Supporters point out that Chainlink’s work now spans major financial players such as the DTCC, Mastercard, central banks, and top asset managers. The collaboration with SWIFT is central to this progress, enabling data and transaction flows between multiple blockchains. When asked which blockchain would carry these transactions, Chainlink advocate Zack Rynes said any of the hundreds available could serve that role, leaving the door open for XRP and the XRP Ledger (XRPL) to participate. He did point out though that, in reality, Swift and Chainlink have been collaborating to link up 11,500 Swift-affiliated lenders to both public and private blockchain networks. People claim $XRP will replace Swift, when in reality Swift is working with @Chainlink to connect 11,500 Swift member banks to any public/private blockchain There’s a million examples of this kind of disconnect between narrative and reality$LINK = institutional coin pic.twitter.com/nt0XXtleV9 — Zach Rynes | CLG (@ChainLinkGod) August 10, 2025 Some XRP backers have pushed back, suggesting that outside criticism is a sign the token is nearing a major breakthrough. Rynes disagreed, arguing that his stance comes from the belief that Chainlink’s $14 billion market cap is too low compared to XRP’s $188 billion, especially given Chainlink’s institutional achievements. Different Views From Ripple Supporters The debate also drew in Dom Kwok, co-founder of EasyA, who responded to a remark from influencer Ansem that Chainlink is what Ripple would be “if it actually worked.” Kwok said he has personally seen Ripple’s technology used in real-world cases, but has yet to see Chainlink deployed in the same way or meet developers actively building with it. He noted that time spent directly with builders often reveals which technology is working at scale. Chainlink’s partnership with SWIFT dates back to 2016 but has accelerated recently. i have actually seen @ripple’s tech work in real life. i’ve never seen @chainlink work in real life, nor have i met anyone building with chainlink either. when you spend every day on the ground with developers you understand what tech works much better than an influencer who’s… https://t.co/0SIbExpvPf — Dom | EasyA (@dom_kwok) August 10, 2025 Related Reading: Ethereum Hits $4,300, Restoring Vitalik Buterin’s Crypto Billionaire Status Both announced a proof-of-concept at the most recent Chainlink SmartCon event, utilizing the Cross-Chain Interoperability Protocol (CCIP) to interconnect SWIFT’s legacy messages with multiple blockchains. In May 2023, tests with BNY Mellon and BNP Paribas successfully transferred tokenized assets between chains. Featured image from Unsplash, chart from TradingView
Samson Mow, a well-known Bitcoin entrepreneur and founder/CEO of JAN3, has thrown a bucket of cold water on Ethereum’s relative-strength burst versus Bitcoin, arguing the ETHBTC move is being engineered by BTC-rich Ethereum insiders rotating capital to manufacture an upside narrative around “treasury” adoption—and then unwinding it back into BTC. “Let me explain what’s happening with ETHBTC,” he wrote on X, setting up a critique of both flows and psychology. Bitcoin Maxis Laugh At ETH Pump-And-Dump He alleges a familiar rotation loop is in play: “Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it on new narratives (Ethereum Treasury co’s).” Once price is where they want it, he continues, “Once they’ve gotten it high enough, they’ll dump their ETH, creating new generational bagholders, and then rotate the gains back into BTC.” The sting in the tail—“No one wants ETH in the long run. Plan accordingly.”—has ricocheted across crypto circles because it turns today’s bullish ETH tape into a distribution thesis. Price action provides the canvas for that claim. Ether is trading in the low-$4,200s intraday, having tagged ~$4,337 earlier, while the ETHBTC cross hovers around the mid-0.03s. In dollar terms, the immediate battleground is whether ETH can hold above $4,000–$4,100 and press through the $4,300–$4,430 supply pocket; in the cross, many technicians still mark ~0.04 as the first meaningful resistance that would signal durable ETH leadership if accepted on a weekly basis. With ETH’s all-time high at ~$4,878 from 2021, the market is close enough to invite the classic seller’s ambush that has capped prior runs. The psychology is precisely where Mow plants his flag. “It will be challenging for ETH to break ATHs because the closer you reach that psychological level, the stronger the drive to sell. It’s the Bagholder’s Dilemma (like the Prisoner’s Dilemma except with Sell/HODL),” he wrote in a follow-on post, arguing that proximity to landmarks like the prior high amplifies game-theory-driven profit-taking. He also waves off chart-based worries among Bitcoiners: “Bitcoiners shouldn’t be worried about ETHBTC breaking the downward trendline. Ethereum has always been a vehicle for those people to get more Bitcoin. It was true for the ICO and it’s true now.” Read in sequence with his rotation thesis, the message is that even a trendline breach on the ratio does not negate the BTC→ETH→BTC loop he believes is being run. Part of the backdrop is the fresh narrative around “ETH treasuries.” Vitalik Buterin ’s stance gives that theme a conditional tailwind. “ETH just being an asset that companies can have as part of their treasury is good and valuable… giving people more options is good,” he said—but he coupled that with an explicit caution: “If you woke me up 3 years from now and told me that treasuries led to the downfall of ETH… my guess would be that they turned into an overleveraged game.” Notably, Buterin criticized BTC treasury companies in previous comments, but is fine with ETH equivalents. Speculative heat also intensified after ConsenSys founder Joe Lubin fanned “flippening” chatter in broadcast appearance on CNBC, where he pushed the idea that treasury strategies could change ETH’s standing—“I think we may see astonishing things next year”—suggesting Ethereum could eclipse Bitcoin in market value within about a year. That mix drew a sharp retort from Mow: “Apparently they think the flippening is going to happen again. ” One X commenter captured the contrarian read with gallows humor: “You cannot make up a better ETH top signal than this. This is unobtainium in terms of top signals. Top signal dark matter.” At press time, Bitcoin traded at $119,486.