Tax and other regulatory agencies in India claim that cryptocurrencies and permissionless blockchain tech undermine tax collection. India’s Financial Intelligence Unit (FIU), a regulatory agency that sets anti-money laundering and know-your-customer regulations, issued new guidelines tightening rules for onboarding users to crypto platforms. The new rules force regulated crypto exchanges to verify users through live selfie pictures and geographic location verification, according to The Times of India. The live selfie pictures are verified with software that tracks users' eye and head movements to prevent AI deep fakes from being used to bypass the know-your-customer (KYC) verification process. Read more
BitMine Immersion Technologies is the largest Ethereum treasury company by holdings, with over 4 million ETH in its corporate treasury. Crypto treasury company BitMine Immersion Technologies (BMNR) staked an additional 86,400 Ether (ETH) on Saturday, valued at about $268.7 million at the time of this writing, crossing the 1 million staked ETH milestone. The 86,400 ETH was staked in four separate transactions, according to data from crypto market analytics platform Arkham Intelligence; this brings BitMine’s total to 1,080,512 staked ETH, onchain analysis platform Lookonchain said. Staking is the process of pledging or locking up crypto tokens by validators or third-party staking service providers to secure proof-of-stake blockchain networks. Read more
History shows XMR has repeatedly failed near record highs, risking another sharp pullback unless it decisively breaks above $500–$520. Key takeaways: Monero jumped above $500 as traders favored it over Zcash amid governance turmoil. History suggests XMR risks a sharp pullback unless it firmly breaks above $500–$520. Read more
Bitcoin power law analysis concluded that price may face a new battle around $65,000 if BTC spends 2026 as a year of consolidation. Bitcoin (BTC) faces a “do-or-die” price point if 2026 becomes a classic bear market year. Key points: Bitcoin four-year price cycles and bear markets remain relevant, the latest power law analysis says. Read more