Brazil’s largest digital bank by market value, Nubank, has reached 1 million users on its cryptocurrency trading platform merely a month after launching it in June. The company hoped to reach the milestone within a year of launching the platform, Nucripto.
A new bipartisan bill is looking to change how cryptocurrency transactions are taxed in a bid to exempt digital asset transactions of $50 or less from capital gains taxes. The bill is being sponsored by Senators Pat Toomey, R-PA., and Kyrsten Sinema, D-Ariz.
Vidente, the owner of the South Korean cryptocurrency exchange Bithumb, has said it held discussions about a possible sale of its stake to Sam Bankman-Fried’s crypto trading platform FTX.
Top stories in the Crypto Roundup today:
- Brazil’s Largest Digital Bank Reaches 1 Million Crypto Users
- Bill Seeks to Eliminate Taxes for Crypto Transactions Under $50
- FTX in Talks to Acquire South Korean Exchange Bithumb
- Growth Asset Returns in H1