Veteran trader Peter Brandt sees bitcoin hitting $250,000, but only after a bottom later this year

Veteran trader Peter Brandt sees bitcoin BTC$79,854.07 rallying to $250,000 in 2029, but only after the market finishes a long drawn-out bottoming process that could last into September 2026. That forecast makes sense in the context of bitcoin’s four-year mining reward halving cycle, which has been consistent enough to shape traders’ projections. Historically, bitcoin bull…

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Brazil Central Bank Bars Virtual Assets From eFX Payments

Brazil’s central bank, Banco Central do Brasil (BCB), has barred the use of virtual assets in certain regulated international payment and transfer services, tightening rules for cross-border payment providers operating under the country’s eFX framework. On Thursday, BCB published Resolution BCB No. 561, amending existing rules for eFX, a regulated category covering international payments and…

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OFAC Said Seized Wallets Were Iranian; Analysis Finds Other State Actors More Likely

Multiple wallet addresses recently sanctioned by the US Treasury ‌Department for their ties to Iran may not be linked to the Islamic Republic, but to other state actors instead, analysis published Sunday suggests. That analysis, by blockchain intelligence firm Nominis, said that while the recent seizing of wallets holding more than $340 million by Treasury’s…

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