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UK Crypto Tax Crackdown: HMRC Mandates Detailed Exchange Reporting by 2026

Cryptonite UAE

The UK’s HM Revenue and Customs (HMRC) is implementing a new regulation that will require crypto exchanges to report detailed transaction data for all UK customers, starting with data collection in January 2026. The first reports to HMRC will be due in 2027. This major regulatory move is designed to strengthen tax oversight and aligns … Read more

BlackRock’s Multi-Million Dollar Crypto Inflow: Strategic ETF Liquidity Management

Cryptonite UAE

On November 29, 2025, institutional heavyweight BlackRock received a major transfer of cryptocurrencies from Coinbase, totaling: 300 Bitcoin (BTC), valued at approximately $27.51 million. 16,629 Ethereum (ETH), valued at approximately $50.64 million. This substantial $78 million-plus transfer is seen by market observers not as speculative trading, but as strategic liquidity management essential for BlackRock’s ongoing … Read more

Future Pi Network ETF: Possibility and Prerequisites

Cryptonite UAE

The idea of a Pi Network ETF (Exchange-Traded Fund) is gaining attention, even though no official filings or plans exist currently. A regulated PI ETF is not yet a reality. When Could a PI ETF Become Possible? According to an ActuFinance analyst, the Pi Network must satisfy several critical institutional requirements before an ETF can … Read more

South Korea Intensifies Crypto Oversight: “Travel Rule” Expanded to Smaller Transactions

Cryptonite UAE

South Korea’s Financial Services Commission (FSC) is strengthening its cryptocurrency regulations to combat money laundering, a move that is expected to impact market liquidity and international crypto interactions. On November 28th, FSC Chairman Lee Eok-won announced the expansion of the “travel rule,” also known as the “cryptocurrency real-name system,” during the Anti-Money Laundering Day ceremony. … Read more

Bitget Unveils Six AI Trading Avatars for Next-Gen Smart Trading

Cryptonite UAE

Bitget, the world’s largest Universal Exchange (UEX), has significantly advanced smart trading by launching six new AI trading avatars within its GetAgent platform. While other platforms test general AI models (like ChatGPT or Gemini) in trading, Bitget is offering ready-to-use AI traders with distinct personalities and strategies. These avatars are running live, trading real accounts, … Read more

Thailand Adopts 0% Crypto Capital Gains Tax on Licensed Exchanges Until 2029

Cryptonite UAE

Thailand has officially introduced Ministerial Regulation No. 399 (MR 399), granting a 0% personal income tax rate on capital gains from cryptocurrency trades, effective from January 1, 2025, until December 31, 2029. Key Provisions: Tax Exemption: Individual investors will not pay personal income tax on profits earned from selling or transferring cryptocurrencies (like Bitcoin) if … Read more

SKALE Launches Ethereum Layer 3 Network on Base to Power AI Agents and Applications

Cryptonite UAE

SKALE has officially deployed a new Ethereum Layer 3 network, dubbed SKALE on Base, specifically designed to support AI-focused applications and agent workloads. This launch leverages the infrastructure of both SKALE and Base to offer enhanced scalability and functionality. Key Features and Integration Combination of Strengths: SKALE on Base merges SKALE’s scalable infrastructure with the … Read more

Tom Lee’s BitMine Continues Massive Ethereum Accumulation, Predicts ETH Rally to $9,000

Cryptonite UAE

BitMine Immersion Technologies, chaired by Tom Lee, appears to be aggressively increasing its corporate Ethereum holdings, reportedly adding another large sum despite a recent market downturn. Massive ETH Acquisition On Thursday, BitMine allegedly acquired 14,618 ETH (worth $44.34 million) from BitGo, according to blockchain data reported by Lookonchain. Note: This specific transaction has not been … Read more

South Korean Police Indicted for Allegedly Accepting Bribes from $186M Crypto Money Laundering Ring

Cryptonite UAE

A South Korean police superintendent (“F”) and a senior officer (“G”) have been indicted and removed from their positions for allegedly accepting bribes from operators of an illegal private crypto exchange that laundered $186 million (249.6 billion won) from voice phishing scams. Details of the Allegations: Superintendent “F” allegedly received $59,000 (79 million won) between … Read more

Bybit and Mantle Network Pioneer Unified Cross-Chain USDT Liquidity with USDT0 Support

Cryptonite UAE

Bybit has officially announced support for USDT0 on the Mantle Network, marking a significant step towards seamless, cross-chain stablecoin transfers. This integration establishes Mantle as the largest exchange-linked Layer 2 (L2) network. Key Highlights of the Partnership: Unified Liquidity Standard: The collaboration aims to position Bybit and Mantle at the forefront of unified stablecoin liquidity … Read more

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