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Bitcoin Miner Profits Hit Highest Monthly Mark Since Halving: JP Morgan – Decrypt

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Bitcoin Miner Profits Hit Highest Monthly Mark Since Halving: JP Morgan – Decrypt



In brief

Bitcoin miners earned an average of $57,400 per EH/s in daily block reward revenue, JP Morgan analysts noted.
The miners’ profits hit their highest monthly mark since the halving in April 2024.
A rise in the price of the leading cryptocurrency by market value helped.

Bitcoin miner profits reached their highest monthly mark in July since the last halving in April of 2024, JP Morgan analysts wrote in a note published Friday.

Miners were able to earn an average of $57,400 per EH/s in daily block reward revenue, the analysts, Reginald L. Smith and Charles Pearce, wrote. 



“July was another strong month for Bitcoin miners,” the report read. “Mining profitability reached the highest level since the most recent halving (Apr ’24), and ten of the thirteen miners we track outperformed BTC price appreciation for the month (+8%).”

Bitcoin hit a record high of $122,838 in July, capping more than two months of fairly steady gains, and the price has remained within about 8% of that high point even after retreating, according to cryptocurrency markets data provider CoinGecko.

But miners have also faced ongoing challenges—increased operational costs and mining difficulty coupled with lowered rewards for verifying transactions on the blockchain. The report noted that “daily revenue and gross profit per EH/S are 43% and 50% below pre-halving levels, respectively.”

Over the month, mining difficulty increased 9%.

The number of tokens that the top 11 miners have added cumulatively declined in four or the first six months of the year, according to U.K. asset manager Farside Investors, which did not yet have July data. 

In the most recent halving, which takes place every four years, the reward declined from 6.25 BTC to 3.125 BTC.

Mining operations, which require significant electricity consumption, face higher costs when Bitcoin prices drop, as it becomes more costly to sustain operations. 

The Bitcoin mining industry is largely made up of industrial sized operations, typically warehouses full of computers that process transactions on the network. The huge amounts of energy for these computer networks is difficult to get cheaply. 

On Friday, the share price of MARA Holdings, the world’s largest miner, fell 3.6%. Earlier in the week, it disclosed $238 million in second quarter revenue, a 64% jump from a year prior. Net income rose 505% to a record $808 million, partly due to a $1.2 billion gain in the fair value of MARA’s Bitcoin holdings.

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‘World’s First’ In-Club Art Gallery Launches With Works by Beeple, Mad Dog Jones – Decrypt

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‘World’s First’ In-Club Art Gallery Launches With Works by Beeple, Mad Dog Jones – Decrypt



In brief

Hï Ibiza, The Night League, and W1 Curates have launched the world’s first permanent art gallery inside a nightclub.
Installations include AR murals, large-scale sculptures, and mirrored LED gallery walls.
Exhibition lineup changes every two weeks, with some works available for purchase.

The world’s top-ranked nightclub has opened what its owners say is the first permanent art gallery inside a club, as part of an effort to blend nightlife with digital art.

Hï Ibiza, named the world’s best club by DJ Mag for four consecutive years, unveiled the gallery this summer along with Ibiza-based nightlife group The Night League and London digital art collective W1 Curates. The exhibition mixes digital and physical works, interactive installations, and custom-built display technology.

“From cinematic design to surreal architecture and cyberpunk storytelling, the gallery presents a curated selection of today’s most influential digital artists,” the organizers said in a statement.



The Hï Ibiza digital art installation is part of a broader push to bring digital and NFT art into physical venues. Bright Moments opened an NFT gallery in Venice, California, in 2021, and Web3 NYC Gallery followed in 2022 with a Genesis NFT exhibition in New York.

The space opens with a mural by British graffiti artist Mr Cenz at the club’s entrance. Visitors can scan the mural with the W1 Curates smartphone app to reveal an augmented-reality animation. Inside, works include two sculptures by British graphic designer and album cover artist KidEight—known for collaborations with Gucci Mane, Fabolous, 2 Chainz, and French Montana—and a six-foot green gummy bear by American street artist WhIsBe.

Other featured artists include Annibale Siconolfi, Ash Thorp, Beeple, Mad Dog Jones, Six N. Five, and Shiro. The lineup will rotate every two weeks during the summer season.

W1 Curates designed the main gallery space to adapt to each artist’s color palette, using large-scale projections and immersive lighting.

The gallery launch will include talks by W1 Curates, Seedphrase, Farokh—president and co-founder of Decrypt’s parent company DASTAN, Bitcoin historian and artist Smashtoshi, and artist Trevor Jones, followed by a DJ set in the Wild Corner.

The exhibition features “cutting-edge digital artists alongside additional physical works,encouraging guests to explore, pause and connect with the art beyond the dancefloor,” the organizers said.

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BlockFi Judge Urged to Approve $13 Million Settlement as Last Objector Withdraws – Decrypt

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BlockFi Judge Urged to Approve  Million Settlement as Last Objector Withdraws – Decrypt



In brief

Lead plaintiffs notified the court that Yacov Baron withdrew his intervention motion and settlement objections, removing the final barrier to approval.
The settlement covers roughly 89,000 BlockFi Interest Account holders who lost access to funds when the platform collapsed in November 2022.
BlockFi’s bankruptcy was triggered by its $680 million exposure to FTX, which filed for bankruptcy one day after BlockFi froze customer withdrawals.

A $13.2 million class action settlement for BlockFi investors moved closer to approval after the sole remaining objector abandoned his challenge. That could remove the final hurdle for compensation to thousands who lost access to funds when the crypto lender imploded in 2022.

Attorneys for lead plaintiffs filed a letter on Wednesday with U.S. District Judge Claire Cecchi, confirming that Yacov Baron had withdrawn both his motion to intervene and his objections to the proposed deal.

“Rapid resolution of the Preliminary Approval Motion will allow Plaintiffs to commence issuing notice to class members and will reduce the potential for complications to arise in connection with the closing of the bankruptcy of BlockFi, Inc.,” the letter said.

The proposed settlement covers all U.S. holders of BlockFi interest accounts between March 2019 and November 2022.

With Baron’s opposition removed, roughly 89,000 holders of BlockFi Interest-bearing Accounts could soon receive compensation for investments that were frozen when the New Jersey-based lender imploded.

“Those who have opted out of class settlements can pursue an individual claim and seek compensation for specific harm, rather than being bound by the terms of the class settlement,” Navodaya Singh Rajpurohit, legal partner at Coinque Consulting, told Decrypt.

“Usually when there is a criminal charge against the officer of a company under bankruptcy, it is treated as a separate case,” he said, citing how Celsius founder Alex Mashinsky was sentenced to 12 years in prison for fraud charges despite his company’s bankruptcy.

BlockFi’s downfall in 2022 was part of the wider chain reaction that began with the implosion of Do Kwon’s TerraUSD stablecoin in May that year, wiping out billions and triggering a lender crisis.

By November, the contagion had spread to Sam Bankman-Fried’s FTX empire, whose collapse exposed BlockFi’s $680 million exposure to FTX and its sister company, Alameda Research.

Just one day after FTX filed for bankruptcy, BlockFi followed suit, citing a severe liquidity crunch.

Court documents later revealed CEO Zac Prince had known about FTX’s questionable balance sheet as early as August 2021, but continued doing business with the trading firm.

Kwon, who pleaded guilty to conspiracy and wire fraud charges in August, faces up to 12 years in prison, and has agreed to pay $19 million as part of the plea deal.

While over 10,000 investors opted out of bankruptcy protections, the deal would distribute funds equally among all class members, a provision Baron had criticized as “grossly unfair” before withdrawing his objections without explanation.

“Victims who have lost money through investment scams or crypto platforms should consider taking legal action to seek recovery of their funds,” Andy Lau, Partner at David Cameron Law Office, told Decrypt.

“With advancements in blockchain tracing technology, misappropriated BlockFi funds can now be traced and identified, significantly enhancing the likelihood of recovery for these specific cases,” he said.

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Satoshi Nakamoto’s Bitcoin Wealth Falls By $41 Billion, Now Poorer Than Bill Gates – Decrypt

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Satoshi Nakamoto’s Bitcoin Wealth Falls By  Billion, Now Poorer Than Bill Gates – Decrypt



In brief

Satoshi Nakamoto’s net worth has dropped by $41 billion in just over a month.
It comes as BTC’s price has tanked more than 30% from its all-time high set in early October.
As a result, the pseudonymous Bitcoin creator has dropped down the list of the world’s richest people.

Bitcoin’s price has seen a dramatic drop over the past month, dragging its elusive creator’s purported net worth down with it.

Just over a month ago, Satoshi Nakamoto’s total Bitcoin holdings were valued at $137 billion, according to Arkham Intelligence data, based on wallets believed to be connected to the pseudonymous creator.

This made Satoshi the 11th richest person—if it is a single person, that is—in the world, when compared to the Forbes billionaires list, ahead of the likes of Microsoft co-founder Bill Gates. (Forbes doesn’t track Satoshi, to be clear.)



However, with Bitcoin’s decline of more than 30% to a recent price of $87,281, from its all-time high of $126,080 set in early October, Satoshi’s net worth has fallen to $95.8 billion in just over a month. This now places the mysterious founder as the 20th richest person in the world, poorer than Gates at $104.4 billion.

Satoshi Nakamoto is the pseudonym adopted by the creator of Bitcoin when they wrote the white paper in 2008, as well as when talking on forums or via email. Despite countless attempts to unmask Satoshi’s true identity—including a high-profile HBO documentary last year—no one has successfully convinced the public that they have found the right person.

Crypto experts have been able to determine how much Bitcoin the creator holds. Identified using what is called the Patoshi Pattern—a distinctive pattern of mining only found in the earliest Bitcoin blocks—experts estimate that Satoshi owns approximately 1.1 million BTC, close to the 1.096 million BTC tally that Arkham Intelligence tracks.

That said, Satoshi’s real net worth could be potentially much different from this figure, as we do not know of any off-chain or non-Bitcoin holdings. Equally, Forbes calculates the net worth of billionaires using the individual’s public holdings and estimates the value of private holdings, which could be inaccurate. 

Regardless of Satoshi’s exact net worth, it’s safe to assume that $95.8 billion is a significant portion of their net worth. For that reason, some believe the elusive creator may step out from the shadows as quantum computing advancements threaten to break Bitcoin, also known as Q-Day

Proposals have already been made to freeze Satoshi’s Bitcoin due to the looming quantum “existential threat.” Others have suggested a Bitcoin hard fork to quantum-proof the entire network.

However, Joseph Chalom—the co-CEO of SharpLink Gaming, a leading Ethereum treasury company—previously told Decrypt that he believes Satoshi may reveal themself as this hurdle is attempted.

“I have a wild idea that at some point—five, 10 years from now—when the Bitcoin network needs to be quantum-proofed, there will be some really important decisions around standards and encryption,” Chalom said in September. “There’ll be decisions about whether you need to hard fork the protocol [and] what you do with wallets that are dormant.”

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Touchstone Digital Solutions Expands Philanthropic Recognition with Advanced Digital Donor Wall Technology | Web3Wire

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Touchstone Digital Solutions Expands Philanthropic Recognition with Advanced Digital Donor Wall Technology | Web3Wire


Innovative Platform Transforms Traditional Donor Recognition into Dynamic, Interactive Experiences That Inspire Generosity and Showcase Organizational ImpactImage: https://www.abnewswire.com/upload/2025/10/07609fa6064d213ffd8219e4399b70bf.jpg

October 24, 2025 – Until now, Touchstone Digital Solutions has been among the leaders in digital recognition technology; today, it is announcing the expansion of its award-winning Digital Donor Wall [https://touchstone-ds.com/digital-donor-walls/] solutions to give mission-driven organizations throughout America the unique power to transform donor recognition from static into dynamic stories. These interactive displays of cutting-edge technology redefine an organization’s ability to recognize their contributors and attract waves of philanthropic support.

Overcoming Traditional Limitations

Traditional physical donor walls have been a recognition standard for charitable donors for many years. However, static engraving creates a bottleneck in articulating community dynamism or how the mission’s trajectory evolves.

Touchstone Digital Solutions is able to override those limitations with the innovative digital trophies that fuse technology with narrative to provide immersive recognition experiences.

A Dynamic Storytelling Platform

The Digital Donor Wall performs a much wider array of functions than just a list of names on the wall. Cloud-based systems for display give the benefits of high-def visuals, fluid animations, video content, photo galleries, and interactives to actually show the impact and give recognition to supporters.

Organizations can show donor names, donor levels, custom messages, and impact stories in attractively animated layouts that command attention and provoke an emotional response.

“Giving recognition to donors has changed drastically, and organizations need tools to support their philanthropic communities, which are highly evolved and dynamic,” said a spokesperson. “Our Digital Donor Wall is much more than an aesthetic update for donor recognition; it is an investment in donor engagement and retention over time. Through story-based recognition, nonprofit organizations can communicate impact that fuels donor generosity and charitable giving instead of recurring costs tied to traditional engraving.”

Streamlining Stewardship and Management

The platform addresses critical operational challenges faced by development teams. Through proprietary digital donor wall software featuring an intuitive, secure online dashboard, authorized personnel can update donor information, add new names, initiate campaigns, and modify content in real time without requiring technical expertise. The system scales seamlessly whether accommodating one hundred supporters or one hundred thousand.

Industry Adoption and Proven Impact

Universities, schools, and non-profit organizations have adopted Touchstone Digital Solutions’ technology to set up industry-specific recognition experiences.

In higher education, many donor walls are installed in the alumni centers for the celebration of benefactors. Hospitals and healthcare agencies install these systems in main lobbies, establishing a recognition for donations. Schools use the technology to recognize community partners, thus instilling the culture of philanthropy among students.

“Organizations implementing digital donor recognition solutions report significant improvements in donor engagement metrics and substantial return on investment,” noted a third-party philanthropy industry analyst. “The transition from static recognition to interactive storytelling represents best practice in modern fundraising stewardship. Digital platforms enable institutions to maintain current recognition displays without incurring costs that can exceed fifteen hundred dollars per engraving update, while simultaneously creating compelling visual narratives that inspire increased giving.”

A Collaborative, Full-Service Approach

Touchstone Digital Solutions distinguishes itself among digital donor wall companies through full, turnkey implementation. The collaborative process includes discovery sessions, interfaces with the design-executive spirit of the organization, technical development with sound software integration, hardware deployment, extensive training for staff, and support throughout the life cycle of the platform.

Beyond Aesthetics: A Strategic Fundraising Tool

There are practical advantages beyond aesthetic stimulus that are imparted by the investment in digital donor wall technology. The body benefits from eliminating recurring expenses of engraving, fostering strong fundraising tools for upcoming campaigns, enhancing engagement and retention of donors, and creating flexible platforms that can work with multiple campaigns simultaneously.

In effect, this technology offers a dual service as a recognition platform and an active fundraising instrument through showcasing interactive communities and real-world impacts to prospective donors.

About Touchstone Digital Solutions

The company is a major digital donor wall setup provider in the US, with a focus on the design of one-off, intuitive recognition solutions for mission-driven organizations. It offers complete digital recognition platforms fusing advanced technology with inspired design to turn traditional donor recognition into storytelling experiences. Having specific industry knowledge in higher education, healthcare, education, and non-profit, Touchstone Digital Solutions [https://touchstone-ds.com/] offers turnkey implementation packages including concept development, custom design, software integration, hardware installation, staff training, and support.

Media ContactCompany Name: Touchstone Digital SolutionsContact Person: Gardner GendronEmail:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=touchstone-digital-solutions-expands-philanthropic-recognition-with-advanced-digital-donor-wall-technology]Country: United StatesWebsite: https://touchstone-ds.com

Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com

This release was published on openPR.

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Overcoming GPU Bottlenecks in Academic Research

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Overcoming GPU Bottlenecks in Academic Research


Access to powerful computing resources has become as crucial as intellectual capacity. For university researchers across disciplines—from artificial intelligence to genomics, physics to cybersecurity—Graphics Processing Units (GPUs) have emerged as indispensable tools for scientific advancement. Yet a troubling paradox exists within many research institutions: despite significant investments in computing infrastructure, researchers frequently face debilitating wait times and limited access to the very resources designed to accelerate their work.

The Critical Role of GPUs in Modern Research

GPUs have revolutionized computational research across numerous fields due to their parallel processing capabilities. Their impact is particularly transformative in:

Artificial Intelligence & Machine Learning

Researchers training large language models, computer vision systems, natural language processing tools, and generative AI applications rely on GPUs to process the massive datasets these systems require. Without adequate GPU resources, developing cutting-edge AI becomes practically impossible.

Data Science & Big Data

Fields generating enormous datasets—healthcare analytics, climate science, economic modeling, and financial analysis—leverage GPU acceleration to identify patterns and extract insights that would be undetectable using traditional computing methods.

Computational Physics & Engineering

Complex simulations in fluid dynamics, structural analysis, astrophysics, and materials science demand powerful GPUs to model physical phenomena with sufficient accuracy and resolution to advance theoretical understanding.

Bioinformatics & Genomics

The acceleration of DNA sequencing analysis, protein folding simulations, molecular modeling, and drug discovery efforts depends heavily on GPU computing power, directly impacting potential medical breakthroughs.

Visualization & Digital Media

Advanced 3D rendering, medical imaging analysis, and scientific visualization tools require specialized GPU capabilities to transform complex data into comprehensible visual formats that drive discovery.

Cybersecurity Research

Modern encryption algorithms, penetration testing frameworks, and AI-driven threat detection systems benefit substantially from GPU acceleration, particularly when analyzing large-scale network activity patterns.

The University GPU Crisis: Understanding the Bottleneck

Despite widespread recognition of GPUs’ importance, conversations with researchers and IT administrators reveal a consistent pattern of challenges preventing optimal resource utilization:

Overwhelming Demand

University GPU clusters operate as shared resources with demand far exceeding supply. The result is a congested queue system where researchers from multiple departments—faculty, graduate students, and undergraduates alike—compete for limited resources. Wait times extending days or weeks significantly impede research momentum.

Budget Constraints

The financial reality of expanding on-premise GPU infrastructure extends beyond hardware costs. Universities must account for ongoing IT support, maintenance requirements, cooling systems, power consumption, and physical space—expenses that frequently exceed available funding. This creates a situation where computing capacity remains static even as research demands grow exponentially.

Technological Lag

While leading technology companies deploy the latest GPU architectures like NVIDIA’s H100s and prepare for next-generation Blackwell GPUs, many university clusters continue operating on hardware that’s multiple generations behind. This technological gap manifests as:

Extended computation times: Tasks that require hours on current-generation hardware may consume days on older systems

Efficiency challenges: Researchers must devote significant time to optimization just to achieve acceptable performance

Framework incompatibilities: Newer AI models and tools designed for current hardware architecture may function poorly or fail entirely on dated systems

Inequitable Access

The typical job scheduling systems employed by universities, such as Slurm, tend to prioritize established research programs over exploratory work. Well-funded laboratories with institutional prominence often receive preferential access, while early-career researchers and innovative but less established projects face disproportionate delays.

Limited Hardware Diversity

Different research applications have distinct GPU requirements. Some need high-memory configurations for large model training, others benefit from specialized visualization capabilities, while certain workloads perform optimally with multiple interconnected GPUs. Universities rarely provide this necessary variety, forcing researchers to adapt their work to available hardware rather than using optimal configurations.

Location Restrictions

Traditional on-premise clusters typically restrict access to campus networks, creating significant barriers for remote work, field research, and international collaboration—increasingly essential components of modern scientific work.

The Real Costs of Computational Scarcity

The implications of GPU resource limitations extend far beyond mere inconvenience, creating cascading negative effects throughout the research ecosystem:

For Principal Investigators (PIs)

Jeopardized funding cycles: Research grants frequently include strict timelines and deliverable requirements. Computational delays can threaten continued funding and future opportunities.

Competitive disadvantages: In rapidly evolving fields like AI research, publication speed directly impacts recognition and further support. Limited compute access creates an uneven playing field favoring resource-rich institutions.

Administrative burden: Many PIs divert substantial time from actual research to secure alternative computing resources through cloud services, industry partnerships, or external collaborations.

For Researchers and Students

Missed publication windows: Academic conferences and journals operate on inflexible submission schedules. Computational delays can force researchers to miss crucial dissemination opportunities, delaying career advancement.

Productivity erosion: Instead of advancing scientific questions, researchers spend countless hours optimizing code for outdated hardware, navigating queue systems, and developing workarounds for resource limitations.

Educational compromises: Students pursuing computational fields receive inadequate hands-on experience with current technologies, limiting their preparedness for research careers and industry positions.

For Institutions

Talent recruitment challenges: Top researchers increasingly consider computational infrastructure when evaluating positions, creating recruitment disadvantages for institutions with limited resources.

Diminished research impact: Computational bottlenecks directly reduce publication output and breakthrough potential, affecting institutional rankings, funding opportunities, and collaborative partnerships.

The On-Demand GPU Solution

On-demand GPU services present a compelling alternative to traditional on-premise infrastructure, addressing the core challenges facing university researchers:

Immediate Accessibility

Rather than waiting in extended queues, on-demand GPU platforms allow researchers to launch computation jobs immediately, maintaining research momentum and meeting critical deadlines.

Scalable Resources

Cloud-based GPU solutions offer flexible scaling capabilities, allowing researchers to adjust computational resources based on specific project requirements—from small-scale testing to intensive training operations.

Access to Current Technology

On-demand platforms typically provide access to current-generation hardware, enabling researchers to utilize the latest advancements without institutional capital investment in rapidly depreciating equipment.

Cost Efficiency

By switching from capital-intensive infrastructure investments to consumption-based models, universities can optimize research budgets, eliminating expenses associated with maintaining underutilized equipment while ensuring resources align with actual research needs.

Location Independence

Cloud-based GPU access eliminates geographical constraints, facilitating remote work, field research, and international collaboration—essential components of modern scientific practice.

Democratized Access

On-demand platforms potentially level the playing field between well-funded laboratories and emerging research programs, providing equitable access based on project requirements rather than institutional standing.

Creating a Flexible Research Computing Strategy

Forward-thinking research institutions are increasingly adopting hybrid approaches to computational resources, combining:

Core on-premise infrastructure for consistent baseline needs and specialized applications

On-demand GPU resources for handling peak demand, accessing cutting-edge hardware, and supporting remote collaboration

Specialized training to help researchers optimize workflows across different computing environments

This balanced strategy maximizes research output while minimizing both wait times and unnecessary expenditure on idle resources.

Conclusion: Accelerating Tomorrow’s Breakthroughs

The computational bottleneck in university research represents more than a technical challenge—it directly impacts the pace of scientific advancement across disciplines. As research becomes increasingly data-intensive and computationally complex, the traditional model of fixed on-premise GPU resources is proving inadequate for meeting evolving demands.

On-demand GPU platforms offer a promising solution, providing researchers with immediate access to powerful, current-generation hardware without the financial constraints of infrastructure expansion. By embracing these flexible computing models, universities can accelerate research timelines, democratize access to computational resources, and ultimately enhance their contributions to scientific progress.

For academic institutions committed to remaining at the forefront of discovery, addressing the GPU bottleneck through innovative resource strategies isn’t merely advantageous—it’s becoming essential to maintaining research competitiveness in the computational era.



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Cregis Shines at Paris Blockchain Week 2026, Accelerating European Expansion | Web3Wire

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Cregis Shines at Paris Blockchain Week 2026, Accelerating European Expansion | Web3Wire


PARIS, April 19, 2026 (GLOBE NEWSWIRE) — From April 15–16, 2026, one of Europe’s premier blockchain events, Paris Blockchain Week 2026, concluded in Paris, France. Under the theme “The Bridge Between TradFi and Digital Assets,” the conference brought together regulators, financial institutions, Web3 projects, and infrastructure providers to explore the convergence of digital assets and traditional finance.

As a leading digital asset infrastructure provider, Cregis engaged with banks, payment providers, Web3 projects, and enterprise clients at Booth 20A. The company showcased its expertise in institutional custody, corporate wallets, and payment infrastructure, sharing its global experience and advancing its strategic presence in Europe.

From Narrative to Implementation: Europe Accelerates Institutional AdoptionOn the regulatory front, frameworks such as MiCA are providing clarity and predictability for the market. Many financial institutions and payment providers at the conference noted that clear regulations are a key catalyst for institutional adoption and lay the foundation for broader applications of digital assets.

Stablecoins and on-chain payments emerged as a central discussion point. Across cross-border payments, corporate settlements, and treasury management, stablecoins are evolving from crypto-native tools into essential infrastructure connecting traditional finance with the on-chain economy. “How to build efficient, compliant settlement networks” became a frequent topic of discussion.

Corporate demand is also shifting. Unlike the past, which focused primarily on trading infrastructure, today’s market prioritizes system-wide capabilities such as custody security, treasury efficiency, and compliance and risk management frameworks. This trend reflects the growing integration of digital assets into enterprise-grade financial systems.

Paris Blockchain Week: A Key Convergence of Regulation, Institutions, and TechnologyParis Blockchain Week has reaffirmed its role as a critical connector in Europe’s blockchain ecosystem. From regulators outlining compliance pathways to traditional financial institutions exploring digital asset adoption, and Web3 enterprises developing infrastructure and real-world use cases, the conference highlighted a clear trend: digital assets are increasingly integrating with existing financial systems rather than existing as isolated ecosystems.

Europe’s unique position stands out. Its relatively mature regulatory landscape provides stability for industry development, while stringent compliance requirements set higher standards for infrastructure. This makes Europe not only a regulatory stronghold but also a testing ground for real-world digital asset adoption.

Cregis: Entering Europe Market Through Infrastructure ExcellenceAt the event, Cregis engaged with potential partners on institutional custody, stablecoin payments, and on-chain treasury management, confirming strong demand for compliant digital asset infrastructure in Europe.

Richard, Co-Founder of Cregis, said, “It’s clear from this conference that Europe is entering a development stage focused on compliance and infrastructure. Institutional clients prioritize security, scalability, and compatibility with existing financial systems, perfectly aligned with the capabilities we’ve built.”

He added that Cregis will continue expanding in Europe, exploring partnerships with local banks, payment providers, and enterprises to advance stablecoin payments, on-chain settlements, and corporate wallet solutions in real business scenarios.

“We are seeing double-digit growth across our pan-European client base, which reinforces our confidence in the region’s long-term opportunity,” said Shawn Yan, CEO and Founder of Cregis. “Europe’s evolving policy environment, especially the greater regulatory clarity created by MiCA, is opening up meaningful space for compliant digital asset adoption at scale. Given this momentum, we are formally increasing our investment in Europe in 2026 to better serve customers across the region. Our focus is to support different client needs with the right mix of payment infrastructure, governance controls and deployment models — from always-on treasury and settlement workflows to private, institution-grade custody infrastructure.”

As the digital asset industry enters a new phase, infrastructure for payments, custody, and treasury management is becoming a key bridge between TradFi and Web3. Paris Blockchain Week 2026 allowed Cregis to deepen connections with global partners and sharpen its strategic direction in Europe. With regulatory clarity improving and institutional demand rising, Europe is poised to become a major growth engine for digital asset infrastructure.

About CregisCregis is a global provider of enterprise-grade digital asset infrastructure, offering secure, scalable, and compliant solutions for institutional clients.

Its core offerings—MPC-based self-custody wallets, Wallet-as-a-Service, and crypto payment solutions—are trusted by over 3,500 crypto exchanges, fintech companies, digital banks, payment service providers (PSPs), forex brokers, and Web3 businesses to seamlessly and securely accept, send, and manage digital assets.

Contact

Marketing DirectorJaniceCregisjanice@cregis.io

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5bebd304-3269-4385-9874-50701ff2353a

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Model Context Protocol (MCP): Why it is a Breakthrough for AI

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Model Context Protocol (MCP): Why it is a Breakthrough for AI



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Artificial Intelligence (AI) has made significant strides in understanding and responding to human needs. One persistent challenge has been the seamless integration of AI systems with external data sources. Enter the Model Context Protocol (MCP) Anthropic’s groundbreaking framework poised to transform how AI interacts with tools, services, and data streams. This innovation represents not just another technical advancement but a fundamental shift in AI’s ability to maintain context, discover resources, and communicate dynamically with diverse systems.

The Integration Challenge: Why MCP Matters

Before MCP emerged in late 2024, AI developers faced a common frustration: the laborious process of connecting AI models to external systems. Traditional API integrations required extensive configuration and custom coding for each new tool and often resulted in fragmented experiences where context was lost between interactions. For organizations deploying AI across multiple platforms, this meant significant development overhead and compromised user experiences.

The consequences of this fragmentation were particularly evident in data-intensive sectors. Healthcare providers struggled to maintain patient context across systems, financial analysts couldn’t seamlessly integrate market data with AI insights, and creative professionals faced disjointed workflows when using AI alongside specialized tools. These pain points created a clear market need for a unified approach to AI connectivity.

MCP: A Universal Translator for AI Systems

At its essence, MCP functions as a universal translator for AI systems. Rather than requiring custom code for each integration, it establishes a standardized communication framework that allows AI models to interact with external tools through a consistent protocol. This represents a paradigm shift from the traditional request-response model to a dynamic, contextually aware interaction pattern.

Four key technical innovations distinguish MCP from conventional integration approaches:

Bidirectional, Real-Time Communication: Unlike traditional APIs that follow a rigid request-response pattern, MCP enables continuous data exchange between AI models and external systems. This allows for dynamic updates and responsive interactions without requiring new connection instances.

Automatic Tool Discovery: MCP introduces a discovery mechanism that allows AI to identify available tools and services autonomously without explicit configuration. This self-discovery capability dramatically reduces setup time and enables AI to adapt to changing resource environments.

Persistent Context Management: Perhaps MCP’s most significant advantage is its ability to maintain contextual awareness across different tools and interactions. The protocol preserves state information, comprehensively allowing AI to understand multiple data sources and over extended interaction periods.

Standardized Security Framework: MCP implements consistent security patterns across all integrations, addressing a critical concern in distributed AI systems. This standardization ensures that sensitive data remains protected regardless of which tools or services the AI accesses.

Real-World Applications: MCP in Action

The theoretical benefits of MCP become tangible when examining its practical applications across industries:

Healthcare: Unified Patient Intelligence

In healthcare settings, MCP enables AI assistants to maintain comprehensive patient context while interacting with electronic health records, diagnostic systems, medication databases, and scheduling tools. A doctor consulting an MCP-enabled AI can receive insights that incorporate the patient’s complete medical history, recent lab results, medication interactions, and appointment availability all without the fragmentation that previously characterized medical AI systems.

This unified context significantly reduces the risk of overlooking critical information, potentially preventing adverse events and improving treatment outcomes. Early implementations by healthcare providers have demonstrated reduced documentation time and improved clinical decision support.

Finance: Dynamic Market Intelligence

Financial institutions are leveraging MCP to create AI systems that simultaneously monitor market indicators, news feeds, regulatory updates, and client portfolios. Investment advisors can access AI guidance that incorporates real-time market movements, historical performance data, client risk tolerance, and compliance requirements all through a single, contextually aware interface.

This integration enables more responsive investment strategies and client communications, particularly during volatile market conditions when rapid, informed decision-making is critical. Leading financial technology companies have already begun implementing MCP-based systems to gain competitive advantages in algorithmic trading and wealth management.

Creative Industries: Seamless Workflow Integration

For creative professionals, MCP bridges the gap between AI assistants and specialized tools like design software, content management systems, and digital asset libraries. Writers, designers, and marketers can maintain creative momentum while an MCP-enabled AI assistant intelligently interacts with their entire toolset.

Rather than switching contexts between applications, creative teams can maintain the flow state while AI handles cross-platform coordination. This has proven valuable for content creation agencies managing complex multimedia campaigns across multiple channels and formats.

Transforming the Developer Experience

Beyond its end-user benefits, MCP significantly improves the developer experience. Before MCP, integrating AI with external systems often consumed weeks of engineering resources. Developers needed specialized knowledge of each target system’s API, authentication requirements, and data formats. Updates to external systems frequently broke integrations, creating ongoing maintenance challenges.

MCP addresses these pain points through:

Simplified Integration: Connecting AI to new tools requires minimal configuration rather than extensive custom code

Reduced Maintenance: Standardized protocols and automatic discovery reduce breakage when external systems change

Accelerated Development: Shorter integration cycles allow faster iteration and deployment

Consistent Patterns: Developers can apply the same integration approach across diverse systems

This streamlined development process is particularly significant for startups and smaller organizations with limited technical resources. MCP democratizes AI integration capabilities, allowing smaller teams to build sophisticated, connected AI systems that previously would have required substantial engineering investments.

Spheron’s MCP Server: AI Infrastructure Independence

Spheron’s innovative MCP server implementation represents a significant advancement in the MCP ecosystem. This development represents a major step toward true AI infrastructure independence, allowing AI agents to manage their compute resources without human intervention.

Spheron’s MCP server creates a direct bridge between AI agents and Spheron’s decentralized compute network, enabling agents operating on the Base blockchain to:

Deploy compute resources on demand through smart contracts

Monitor these resources in real-time

Manage entire deployment lifecycles autonomously

Run cutting-edge AI models like DeepSeek, Stable Diffusion, and WAN on Spheron’s decentralized network

This implementation follows the standard Model Context Protocol, ensuring compatibility with the broader MCP ecosystem while enabling AI systems to break free from centralized infrastructure dependencies. By allowing agents to deploy, monitor, and scale their infrastructure automatically, Spheron’s MCP server represents a significant advancement in autonomous AI operations.

The implications are profound: AI systems can now make decisions about their computational needs, allocate resources as required, and manage infrastructure independently. This self-management capability reduces reliance on human operators for routine scaling and deployment tasks, potentially accelerating AI adoption across industries where infrastructure management has been a bottleneck.

Developers interested in implementing this capability with their own AI agents can access Spheron’s GitHub repository at https://github.com/spheronFdn/spheron-mcp-plugin

Addressing Concerns: Security, Lock-in, and Adoption Challenges

Despite its advantages, MCP faces legitimate scrutiny regarding several potential issues:

Security Considerations

Critics have raised concerns that a centralized protocol managing multiple integrations could create new attack vectors. Does MCP inadvertently create a single point of vulnerability by providing a standardized way to access diverse systems?

Proponents counter that MCP’s standardized security framework enhances protection by implementing consistent authentication, encryption, and permission controls across all integrations. Rather than the patchwork of security measures typical in custom integrations, MCP establishes unified security practices that can be comprehensively audited and updated.

Ecosystem Lock-in

Some observers worry that widespread MCP adoption could create unhealthy dependencies on specific AI providers. If a single protocol becomes dominant, could this limit innovation or create vendor lock-in?

This concern highlights the importance of MCP’s eventual standardization through open governance. For MCP to realize its full potential, the protocol will likely need to evolve beyond its origins at Anthropic to become an industry standard developed collaboratively and implemented across AI ecosystems.

Spheron’s implementation of the standard protocol for decentralized compute is an encouraging sign that the ecosystem is diversifying beyond a single provider, potentially addressing lock-in concerns.

Adoption Learning Curve

Transitioning from traditional integration methods to MCP requires a mindset shift for development teams. Organizations with substantial investments in existing API-based integrations may hesitate to adopt new approaches, particularly if they lack experience with contextual AI systems.

Early adopters report that while MCP does require initial learning, the long-term efficiency gains outweigh these transitional costs. The key to successful adoption appears to be starting with focused use cases where contextual awareness delivers clear value before expanding to broader implementations.

The Future Horizon: Where MCP Is Headed

As MCP gains traction, several evolution paths are emerging:

Industry-Specific Adaptations

Expect to see specialized MCP implementations tailored to the unique requirements of specific sectors. Healthcare MCP variants might incorporate HIPAA compliance features, while financial implementations could integrate regulatory reporting capabilities. These industry-specific adaptations will accelerate adoption in specialized domains.

Enhanced Security Frameworks

As MCP deployment expands, its security capabilities will likely evolve to address emerging threats and compliance requirements. Future iterations may incorporate advanced encryption standards, granular permission controls, and comprehensive audit capabilities to satisfy enterprise security requirements.

Interoperability Standards

Interoperability standards will be essential for MCP to achieve its full potential. Industry consortia may emerge to govern protocol evolution, ensuring consistent implementation across AI providers and preventing fragmentation into competing proprietary variants.

AI Infrastructure Independence

Spheron’s advancement in enabling AI agents to manage their own infrastructure represents an early glimpse of a future where AI systems operate with increasing autonomy. This trend toward infrastructure independence may become a defining characteristic of advanced AI systems, with MCP serving as the critical enabling protocol.

Conclusion: MCP as a Catalyst for AI’s Next Phase

Model Context Protocol represents more than a technical advancement in AI integration it embodies a fundamental shift in how AI systems interact with the digital ecosystem. MCP addresses one of the most significant limitations in current AI deployment by enabling contextually aware, dynamic connections between AI and external tools.

The protocol’s ability to maintain context across interactions, discover available resources automatically, and communicate bidirectionally transforms AI from isolated systems into connected intelligence networks. This evolution has profound implications for organizations leveraging AI across workflows, decisions, and customer experiences.

Implementations like Spheron’s MCP server demonstrate how quickly the ecosystem is evolving, with new capabilities emerging that enable unprecedented levels of AI autonomy and independence. As adoption grows and the protocol matures, MCP may be remembered as a pivotal development that unlocked AI’s next growth phase the transition from powerful but isolated models to deeply integrated, contextually aware systems that function as seamless extensions of human capabilities.

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Remote Work Security Market Opportunities Highlighted by Zero Trust Adoption and Cloud Security Innovations | Web3Wire

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Remote Work Security Market Opportunities Highlighted by Zero Trust Adoption and Cloud Security Innovations | Web3Wire


Remote Work Security Market

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Remote Work Security Market- (By Offerings (Solution (Professional Services (Training & Consulting, Integration & Implementation, Support & Maintenance), Managed Services, Services), By Security Type (Endpoint Security, Network Security, Cloud Security, Application security), By Remote Work model (Fully Remote, Hybrid Remote, Temporary), By Vertical (BSFI, Telecommunication, IT& ITes, Education, Retail & E-Commerce, Government, Media & Entertainment, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034.”

Global Remote Work Security Market Size is valued at USD 56.1 Bn in 2024 and is predicted to reach USD 373.6 Bn by the year 2034 at a 21.0% CAGR during the forecast period for 2025-2034.

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The remote work security market has witnessed significant growth, driven by both established cybersecurity firms and innovative startups offering solutions tailored for distributed work environments. The global transition to remote operations-initially prompted by the need to ensure business continuity and protect employee health during the COVID-19 pandemic-has increasingly become a permanent strategic component, underscoring the critical importance of securing decentralized digital infrastructures.

The proliferation of Internet of Things (IoT) devices in remote work settings has added layers of complexity, particularly in sectors such as healthcare and manufacturing, where device security is crucial. Simultaneously, the widespread adoption of cloud-based platforms has emerged as a major catalyst for market expansion. As employees access corporate applications and sensitive data across diverse locations and devices, demand for robust cloud security measures-including secure authentication protocols, access control frameworks, and data encryption-has grown substantially.

Furthermore, the rising frequency of cyberattacks targeting remote workers-such as phishing, malware, and other malicious threats-has emphasized vulnerabilities inherent in off-network operations. These risks are often exacerbated by weaker endpoint protections outside traditional corporate environments. As organizations continue to advance digital transformation initiatives and deploy sophisticated remote work technologies, the requirement for flexible, scalable, and resilient security solutions has become increasingly imperative, driving sustained growth in the remote work security market.

List of Prominent Players in the Remote Work Security Market• Cisco Systems• Palo Alto Networks• McAfee• Symantec (now part of Broadcom)• Microsoft• Fortinet• Check Point Software Technologies• Proofpoint (acquired by Thoma Bravo)• Trend Micro• Zscaler• Citrix (US),• CyberArk (US),• Crowdstrike (US),• Forcepoint (US),• Proofpoint (US),• ESET (Slovakia),• Seclore (US)• Openvpn• Security Onion• Wallarm• Venn• Cynet Security• Sentinelone• Issquared• Revbits• Securden• Axis Security• Others

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Market DynamicsDrivers:The sustained growth of remote work arrangements-propelled by technological advancements and the lasting effects of the COVID-19 pandemic-remains a key driver for the remote work security market. As organizations increasingly implement flexible and hybrid work models, the demand for comprehensive cybersecurity solutions to protect sensitive information and ensure network integrity has intensified. The widespread reliance on cloud-based platforms has further accelerated market expansion, as employees access corporate resources from multiple locations and devices. This trend has amplified the need for advanced cloud security measures, including secure authentication protocols, access management systems, and robust data encryption technologies.

Challenges:Despite strong demand, the remote work security market faces notable constraints. Organizational resistance to change, budgetary restrictions, and the operational complexities associated with integrating multiple security solutions into existing IT infrastructures can impede adoption. Deploying effective protection across distributed and heterogeneous environments requires significant time, specialized expertise, and financial investment.

Additionally, the rapidly evolving cyber threat landscape-characterized by increasingly sophisticated attacks-necessitates continual adaptation of security strategies. Other critical challenges include maintaining regulatory compliance, safeguarding data privacy, and mitigating vulnerabilities in connected devices and supply chains, all of which heighten the complexity of securing remote work environments.

Regional Trends:North America is projected to retain a leading position in the global remote work security market, driven by the prevalence of sophisticated cyber threats, including phishing campaigns, ransomware attacks, and large-scale data breaches. The adoption of zero-trust security models, which emphasize continuous verification of users and devices, is increasingly prevalent among organizations supporting remote and hybrid workforces. Additionally, the extensive use of digital collaboration platforms such as Microsoft Teams, Zoom, and Slack underscores the necessity for robust cybersecurity solutions to protect communications and shared digital assets.

The Asia-Pacific region is experiencing rapid market growth, supported by advancements in localized cybersecurity solutions that account for regional language, cultural, and regulatory nuances. Investments by both government agencies and private enterprises in enhancing cyber resilience are bolstering the region’s market expansion. With demand for secure remote work environments continuing to rise, the APAC market represents significant opportunities for both domestic and international cybersecurity providers.

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Recent Developments• In November 2023, Microsoft launched its Secure Future Initiative. These engineering advancements predicted forthcoming cyber threats, such as the increasing frequency of digital assaults on identity systems. Additionally, they deliberated on the establishment of robust foundations essential for the era of artificial intelligence and subsequent periods.• In Aug 2023, Fortinet bolstered its single-vendor Secure Access Service Edge (SASE) solution by incorporating more functionalities to facilitate remote work from any location. A unified vendor SASE approach ensured reliable security for a worldwide hybrid workforce operating both on-premises and remotely.

Segmentation of Remote Work Security Market –By Offerings-• Solutiono Professional Services Training & Consulting Integration & Implementation Support & Maintenanceo Managed Services• ServicesBy Security Type-• Endpoint Security:• Network Security• Cloud Security• Application securityBy Remote Work model• Fully Remote• Hybrid Remote• TemporaryBy Vertical• BSFI• Telecommunication• IT& ITes• Education• Retail & E-Commerce• Government• Media & Entertainment• OthersBy Region-North America-• The US• Canada• MexicoEurope-• Germany• The UK• France• Italy• Spain• Rest of EuropeAsia-Pacific-• China• Japan• India• South Korea• Southeast Asia• Rest of Asia PacificLatin America-• Brazil• Argentina• Rest of Latin AmericaMiddle East & Africa-• GCC Countries• South Africa• Rest of Middle East and Africa

View Overview Report: https://www.insightaceanalytic.com/report/remote-work-security-market/2222

About Us:InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact us:InsightAce Analytic Pvt. Ltd.Visit: https://www.insightaceanalytic.com/Tel : +1 607 400-7072Asia: +91 79 72967118info@insightaceanalytic.com

This release was published on openPR.

About Web3Wire Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming. Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.



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India Faces Pressure to Rethink Crypto Taxes Ahead of Union Budget as Trading Shifts Offshore – Decrypt

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India Faces Pressure to Rethink Crypto Taxes Ahead of Union Budget as Trading Shifts Offshore – Decrypt



In brief

India’s crypto industry is pressing for tax relief ahead of the Union Budget, warning that high transaction taxes have pushed trading offshore.
About three-quarters of Indian crypto volume now flows through foreign platforms, according to KoinX, undermining domestic liquidity and oversight.
Industry groups are urging lower TDS, loss set-offs, and clearer regulation to bring activity back onshore.

As India approaches this year’s Union Budget, policymakers are under pressure to reassess the country’s punitive crypto tax framework amid capital flight to offshore platforms, raising questions about lost tax revenue and weakened regulatory oversight.

Indian crypto users execute nearly three-quarters of their crypto volume offshore, around $6.1 billion (₹51,252 crore), with just 27.33% remaining on domestic platforms, according to a report from crypto tax platform KoinX.

Finance Minister Nirmala Sitharaman is set to present her ninth consecutive budget on Sunday, a first in over two decades, with the crypto industry watching for relief from a tax regime that has gutted domestic trading volumes and pushed activity to foreign exchanges accessed via VPNs.

Despite ranking first in grassroots crypto adoption according to Chainalysis’ figures, India’s tax-heavy, policy-light approach has created a regulatory limbo that contrasts with structured frameworks emerging across Asia. 

“India’s VDA ecosystem is at a pivotal stage, with growing adoption across the country; however, the current tax framework presents challenges for retail participants by taxing transactions without recognising losses, creating friction rather than fairness,” Ashish Singhal, co-founder of crypto exchange CoinSwitch, told Decrypt.

The three broad requests for the 2026 Budget include tax rationalisation through “reduced Tax Deducted at Source (TDS) and allowing loss set-offs; a regulatory mechanism for the sector; and encouraging blockchain adoption, both permissioned and permissionless,” Dilip Chenoy, Chairman of Bharat Web3 Association, told Decrypt.

The 2022 tax hammer

In February 2022, the government announced a 30% tax on crypto income, with no deductions or exemptions.

“No deduction in respect of any expenditure or allowance shall be allowed while computing such income except cost of acquisition,” Sitharaman noted in her Budget 2022 presentation.

The minister specified that gifting of virtual digital assets would be taxed at the recipient’s end, while losses could not be set off against any other income. Investors couldn’t show losses from price drops or hacking incidents to offset taxation on profits.

The 1% TDS has hammered high-frequency traders and liquidity providers who operate on thin margins, making their business models unsustainable on domestic platforms.

The regime tightened in the 2025 Union Budget, when undisclosed crypto gains were brought under Section 158B of the Income Tax Act, enabling retrospective audits on transactions dating back 48 months. 

Investors who failed to report gains face a 70% penalty on unpaid taxes.

Rationalisation, Not Rollback

A nationwide survey done by CoinSwitch revealed deep dissatisfaction with the current crypto tax framework. 

Nearly 66% of the 5,000 participants consider the tax regime unfair, with 53% describing it as “very unfair,” and about 59% report reduced participation due to taxation, according to the report.

Over 80% seek changes in the upcoming Union Budget, 48% seek a lower tax rate than 30%, 18% want the ability to set off losses, 16% want reduced TDS, and a strong 61% favour taxing crypto similarly to equities or mutual funds.

“A reduction in TDS on VDA transactions from 1% to 0.01% could improve liquidity, ease compliance, and enhance transparency while preserving transaction traceability,” Singhal said, adding that increasing the TDS threshold to about $5,444 (₹5 lakh) could shield smaller investors from bearing an outsized tax burden.

Meanwhile, CA Sonu Jain, chief risk and compliance officer at 9Point Capital, told Decrypt the current structure has “failed its dual objectives of tracking transactions and discouraging speculation.”

“Instead, it has resulted in a near-complete migration of VDA activity to offshore platforms, where transactions are neither effectively trackable nor regulated under Indian law,” Jain said.

“Ironically, the compliance burden has fallen disproportionately on law-abiding taxpayers who continued using regulated platforms, and these users have faced increased tax notices, scrutiny, and enforcement actions, which have created a perception of distrust towards honest taxpayers,” he said.

“What India needs right now is a fair, trust-based tax and regulatory framework. Crypto is a new asset class, and without trust between taxpayers and the Revenue, enforcement will remain inefficient and counter-productive,” he added.

Jain called for revisiting how crypto losses are treated under Section 115BBH, noting they should align with the taxation of shares and securities. 

He also suggested replacing the 1% TDS with information-based reporting systems like Statement of Financial Transactions, which are already used in capital markets.

“A formal regulatory framework, at least for consumer protection and platform accountability, is essential to restore confidence, bring activity back onshore, and improve long-term tax compliance,” he added.

Aishwary Gupta, Global Head of Payments & RWAs at Polygon Labs, told Decrypt the industry seeks “pragmatic policy reset balancing innovation with safeguards.”

He also pointed to TDS reduction as a potential lever, echoing Singhal’s view that it could ease liquidity constraints and reduce incentives for offshore trading.

He said there is a strong case to “revisit India’s flat 30% tax on crypto gains and allow loss set-offs,” saying it would bring VDAs closer to the tax treatment of traditional financial assets.

Aside from tax concerns, the real priority is regulatory clarity, Gupta added, urging India to support stablecoin payments and asset tokenisation under existing payments and securities frameworks rather than crypto-specific rules.

Enforcement Failures

Earlier this month, tax authorities presented concerns to the parliamentary standing committee of finance, citing enforcement challenges including borderless transfers, pseudonymous addresses, and transactions outside regulated banking channels, according to a Times of India report.

“The Finance Ministry wants to curb decentralisation, privacy-focused systems, and offshore exchanges; the FIU and Income Tax Department are on the same page,” a source told Decrypt at the time.

Global Divergence

India’s punitive stance contrasts with other major economies, and other Asian jurisdictions like Japan and Hong Kong have moved toward structured licensing regimes to attract digital asset businesses.

India’s Economic Affairs Secretary Ajay Seth acknowledged early last year that India is reconsidering its crypto stance following major global shifts.

However, the discussion paper on digital assets, originally set for a September 2024 release, remains delayed.

“The deeper policy risk is that sustained opposition without a parallel regulatory pathway will push innovation, capital, and talent offshore, leaving India as a consumer and tax collector of crypto activity rather than a rule-setter,” Raj Kapoor, founder and CEO of the India Blockchain Alliance, previously told Decrypt.

Despite collecting approximately $5.2 million (₹437.43 crores) through crypto taxation, India lacks meaningful regulatory frameworks to protect users or foster innovation.

As Sitharaman prepares to present the Union Budget 2026, the crypto industry remains cautiously hopeful that the government will recognize structural flaws and consider reforms balancing revenue with investor protection and competitiveness of India’s onshore crypto markets.

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