Veiled in Dust: How Vintage Bitcoin Wallets Use Microtransfers to Test Financial Strategies

As bitcoin vaulted past $100,000, long-inactive wallets abruptly awakened, their enigmatic microtransactions igniting theories about whether elusive stakeholders are conducting trial runs or camouflaging grander financial maneuvers. Dust-Sized Bitcoin Transfers Sometimes Precede Covert Wealth Transfers Blockchain data from the past few months exposes a curious reanimation of idle coins, coinciding with bitcoin’s breach of the … Read more

BRICS Nations to Expand Use of National Currencies Through New Financial Platform

Russian presidential aide Yury Ushakov announced new BRICS initiatives to increase the use of national currencies in trade, backed by financial infrastructure developments like a BRICS-wide platform and special clearing systems. This move aims to simplify transactions between member nations and reduce trade costs. Meanwhile, Russian Deputy Foreign Minister Sergey Ryabkov highlighted ongoing Western efforts … Read more

UAE Introduces Retroactive VAT Exemptions for Crypto Transactions

The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space. Under the new rules, businesses dealing with cryptocurrencies and other digital assets must carefully evaluate their tax positions, especially as some provisions retroactively affect transactions since 2018. UAE’s VAT Amendments Introduce Retroactive Tax … Read more

Swift to Pilot Digital Asset and Currency Transactions in 2025

Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging its existing network, Swift aims to merge digital and traditional assets, addressing the challenges of disconnected platforms. The trials build on successful blockchain experiments, seeking … Read more