Bitcoin price traded near $76,000 on Thursday afternoon, down more than 5% on the day after sliding through the mid-$75,000s as a Nasdaq-led selloff in chip and AI stocks deepened into a formal correction and forced out more than $1 billion in leveraged bets, Bitcoin Magazine Pro data shows.

The afternoon session extended the morning crash that had already erased overnight gains above $80,000. Bitcoin briefly tested support near $75,400 before stabilizing just under $76,000 into the final hour of U.S. cash trading.

Bitcoin near $75,900 in afternoon trade, on track for its biggest single-day slide since June. The move undid Wednesday’s short-squeeze bounce in a single session….

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Core Scientific will complete its exit from bitcoin mining by year-end and enter 2027 as a pure-play high-density colocation provider, management said on Thursday’s third-quarter earnings call, capping a pivot that has already cut the company’s mining fleet nearly in half.

Chief Financial Officer Jim Nygaard told investors the company expects to “complete the wind-down during the fourth quarter.” Chief Executive Officer Adam Sullivan put the same end date more bluntly: “We expect to complete our exit from Bitcoin mining by year end.” The comments landed alongside a results release filed with the SEC that shows how far the shift has already gone.

Colocation revenue…

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Greece’s parliament approved on Thursday a bill that imposes a 10% capital gains tax on cryptocurrencies, the first comprehensive legal framework for taxing crypto assets in the country.

Cryptocurrency capital gains of up to €500 ($563) a year will be exempt from the new tax, the bill says. For bitcoin holders in Greece, that threshold is a small buffer, not a carve-out for larger positions.

“Further implementation directives will be published in the coming weeks, which will also define transparency and audit rules,” a senior finance ministry official told Reuters.

An earlier draft circulated in October had floated a 15% rate. The version lawmakers passed lands five…

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Bull Bitcoin announced deep Payjoin integration with its exchange, claiming to be the first Bitcoin exchange in the world to offer Payjoin as a deposit and withdrawal option. The update unlocks two new concepts: “Payjoin-by-default and Payjoin trading,” according to he press release shared with Bitcoin Magazine.

Founded by Francis Pouliot in Canada in 2013, Bull Bitcoin is the world’s longest-running Bitcoin-only exchange. Its non-custodial platform lets customers in Canada, Europe, and Latin America buy Bitcoin directly into their own wallet and sell Bitcoin to their bank account. Bull Bitcoin also develops BULL Wallet, a free and open-source self-custodial Bitcoin wallet….

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South Korea’s government plans to push back its tax on cryptocurrency gains by another two years to 2029, Finance and Economy Minister Lee Hyeong-il said Thursday, in what would be the fourth delay since the levy was written into law.

The tax is scheduled to take effect in January. To postpone it, the National Assembly must amend the Income Tax Act before then, and Lee said the government would seek lawmakers’ approval during this year’s regular session.

“It weighs heavily on me to propose another delay after the tax has already been postponed three times,” Lee said at a press briefing in Seoul.

Korea legislated the tax in 2020 for a 2022 start. It was then pushed…

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Keel Infrastructure sold its entire bitcoin treasury in the third quarter, offloading 2,520 bitcoin for $192 million and leaving the company with only nominal holdings at Sept. 30, the former Bitfarms miner reported Thursday.

The sales covered the 2,261 bitcoin Keel held going into the quarter plus the 259 it mined, and the company said it timed them during periods of strength. Going forward, bitcoin mined from Keel’s remaining Quebec operations will be sold on a daily basis, “effectively eliminating the Company’s exposure to Bitcoin price movements on treasury holdings.”

The move completes a shift Keel began earlier this year, when the company, then still trading as…

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Moscow Exchange, Russia’s largest trading venue, will begin trading bitcoin, ether and Tether’s USDT on Dec. 1, the exchange announced this week, calling it the country’s first organized market for digital currencies.

The launch puts bitcoin on the same screens Russians use to trade Sberbank and Gazprom shares. It also puts a major crypto venue inside an institution that sits under U.S. sanctions. The first phase will run as a pilot. Participants will connect as they are ready, and the exchange said interest has come from existing members, their clients and businesses that already use digital currencies for investment and settlement.

How the Moscow market will work

Bitcoin price fell about 5% on Thursday morning, sliding from above $80,800 to near $76,000 as a sharp selloff in technology stocks spread into crypto and wiped out leveraged traders betting on further gains, Bitcoin Magazine Pro data shows.

The drop erased the rebound that had carried bitcoin back above $80,000 overnight. It touched a low near $76,100 shortly after the U.S. stock market opened, its weakest level since the start of the week.

The reversal came fast. Bitcoin held near $80,000 through Wednesday, and early Thursday traders were cheering a short squeeze that pushed it past $80,500. Within roughly two hours of the opening bell, the bitcoin price was more than $4,000…

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Ukraine’s central bank will not support a crypto market bill that a parliamentary committee cleared for a final vote, warning that the draft leaves foreign tokens that act like electronic money outside its control and risks monetary sovereignty.

The National Bank of Ukraine said in a Nov. 4 statement that Draft Law No. 10225-d on the circulation of virtual assets, recommended by the Verkhovna Rada Committee on Finance, Tax and Customs Policy for adoption in the second reading and as a whole, fails to reflect compromises struck during drafting.

The NBU said it received the final text only late the evening before the committee vote and that the process “was not sufficiently…

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U.S. bank regulators contacted banks this week to check whether their systems had any vulnerabilities after last week’s $6.3 billion hack of Binance, Reuters reported Thursday, citing several people familiar with the matter.

Supervisors from the Federal Reserve and the Office of the Comptroller of the Currency began reaching out to banks on Monday morning, asking about any unusual activity or disruption in their services.

The outreach shows regulators are treating the largest crypto theft on record as a possible risk to traditional finance, not just a problem for crypto exchanges, at a time when links between banks and the crypto industry have tightened.

Banks run… Read more on BitcoinMagazine