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Early Bitcoin BTC$121,619.39 investor and BCH$580.04 advocate Roger Ver is close to settling tax fraud charges with the U.S. Department of Justice, the New York Times reported Thursday.Often known as “Bitcoin Jesus” due to his early evangelization for the crypto, Ver was indicted last April and arrested in Spain on allegations he failed to file tax returns on capital gains he made after selling “tens of thousands” of bitcoins and giving up U.S. citizenship, the DOJ charged at the time. Ver fought his extradition to the U.S., filing a lawsuit earlier this summer.According to the Times, the proposed settlement is…

In brief Bitcoin bull Arthur Hayes thinks BTC’s traditional four-year cycle is over. The entrepreneur says increased money supply will benefit the asset. Hayes, however, has previously labeled his bullish predictions as “pretty shit.” Crypto entrepreneur Arthur Hayes continues to say that an increased money supply will benefit Bitcoin—and now believes that the leading cryptocurrency’s traditional four-year cycle is over.In a Thursday blog post named “Long Live the King,” Hayes wrote that while some crypto traders are expecting Bitcoin to reach its cycle top soon and crash next year, he believes that things will be different this time around.Bitcoin’s typical…

Cryptocurrency exchange Bybit has secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority of the United Arab Emirates (UAE), eight months after the regulator granted the company in-principle approval.In a Thursday notice, Bybit said approval from the UAE financial regulator would allow the exchange to offer its global products and services to the region. Authorities in Austria granted the company similar licensing approval in May, and the exchange registered in India in February after briefly suspending its service and paying a $1-million fine over compliance violations. “Receiving the full Virtual Asset Platform Operator License from the SCA…

The crypto industry is recoiling from a document reportedly outlining a U.S. Senate Democratic pitch on handling decentralized finance (DeFi) as a component of the wider effort toward regulating crypto in the U.S.The proposal — a detailed outline describing an approach to DeFi, first reported by Politico — suggests that a firm or individuals that handle customer needs on the front end of a DeFi operation should have to register with the Securities and Exchange Commission or the Commodity Futures Trading Commission and be regulated as a broker.The language defining who would be roped into regulation as an intermediary would…

Bitdeer Technologies Group (BTDR), a Bitcoin mining and infrastructure company, is ramping up its self-mining operations amid weakening demand for mining rigs — highlighting how some hardware makers are shifting strategies to stay competitive during the current Bitcoin bull market.According to an Oct. 9 Bloomberg report, Bitdeer is accelerating its pivot toward mining Bitcoin (BTC) on its own equipment, effectively competing with the same clients that purchase its rigs. The report cited Bitdeer’s latest filings showing a major year-over-year expansion of its mining capacity in August and its stated goal of becoming one of the world’s top five Bitcoin miners.Bitdeer…

Peru’s banking regulator has authorized a pilot crypto platform, marking the country’s first regulated foray into digital assets. The project, dubbed Cryptococos, will allow select clients of Banco de Crédito del Perú (BCP) to buy and hold Bitcoin and USDC under BitGo’s custody.To participate in the pilot, users must register, prove a minimum banking history with BCP, and complete an investment risk assessment before purchasing, according to Thursday’s announcement.Approved users will be able to buy and sell Bitcoin (BTC) and USDC (USDC) within a closed-loop system, meaning all transactions occur exclusively on the platform. This setup prevents transfers to external…

Crypto exchange Coinbase and payments giant Mastercard have each held advanced acquisition talks to buy BVNK, a London-based fintech that builds stablecoin payment infrastructure, according to six people familiar with the matter who spoke with Fortune.The discussions have not been finalized, but several of the sources told Fortune that the potential sale price is between $1.5 billion and $2.5 billion. The talks may still fall apart, yet Coinbase appears to be ahead of Mastercard at this stage, three of the sources told Fortune.If completed, the acquisition would be the largest stablecoin-related deal yet, signaling how mainstream financial and crypto firms…

The European Union should foster the development of euro-denominated stablecoins to compete with US dollar-denominated tokens, according to Pierre Gramegna, the managing director of the European Stability Mechanism (ESM), an economic crisis organization for the EU.“Europe should not be dependent on US dollar-denominated stablecoins, which are currently dominating markets,” Gramegna said at Thursday’s hearing about the overall economic health of the eurozone, which included commentary on digital assets. He also said:“Europe should also embrace the potential for financial Innovation with stablecoins and tokenized assets. Stablecoins are an inevitable part of this equation. In a rapidly evolving financial landscape, Europe should…

Key takeaways:Binance’s new “Meme Rush” launchpad promotes fair launches but triggered a sell-off as traders await new launches.A single wallet controlled large token amounts, fueling manipulation concerns and steep price declines.Low liquidity and inflated volumes amplified the memecoin sell-off across the BNB Chain ecosystem.Multiple BNB Chain memecoins tumbled more than 30% on Thursday after posting strong gains earlier in the week. The sell-off occurred as BNB (BNB) itself recorded its first-ever $100 single-day price drop, falling to $1,246 at the time of writing. Is this the end of the BNB Chain memecoin frenzy — and were there any early signs…

Bitcoin traded just above $121,000 on Wednesday, holding onto gains after a drop from a recent peak above $126,000. According to analyst Egrag Crypto, a small market move could trigger a much larger rally, building on a pattern he says has repeated across past cycles. Related Reading Historic Channel Breakouts Egrag’s view is based on a three-month look at price channels that, he argues, have preceded major rallies. Based on reports, similar channel breakouts were visible before the 2013 surge to about $1,163, the 2017 rise past $19,000, and the 2020–2021 rally that pushed prices above $69,000. He says the…