🚨107 BITCOIN WORTH $8.3 MILLION JUST VANISHED FOREVER
Five long-dormant wallets suddenly transferred 107 BTC to a burn address yesterday, permanently removing roughly $8.3M worth of Bitcoin from circulation after sitting untouched for more than 11 years.
Destroying this much value in a single transaction is almost unprecedented in Bitcoin history.
What do they know?
⚠️Be cautious when using @bitvavocom crypto exchange as a Portuguese resident
Even though the platform offers a “Convert” feature that appears to let you swap one cryptocurrency directly for another (e.g. Bitcoin to Ethereum), Bitvavo executes these trades by selling the source asset for euros and then buying the target asset with those euros in the background.
Example:
What you intend: Swap Bitcoin → Ethereum (hoping to keep it as a non-taxable crypto-to-crypto move).
What actually happens: Bitcoin is sold for € → Ethereum is bought with those €.
This creates a taxable events under Portuguese rules: a disposal of BTC .
With the implementation of DAC8 (which increases reporting from exchanges to tax authorities starting 2026), Portuguese tax authorities will receive detailed transaction data from Bitvavo.
As a result, these internal fiat conversions may be treated as realised capital gains, potentially triggering 28% tax on short-term gains (assets held less than 365 days).
Your intention of simply rebalancing within crypto could therefore lead to an unexpected tax liability....
I can NOT overemphasize this enough:
DO NOT TRUST EMAILS
DO NOT TRUST PHONE CALLS
DO NOT TRUST SMS MESSAGES
DO NOT TRUST CHAT MESSAGES
DO NOT TRUST INCOMING COMMUNICATIONS!
Any message saying there is a security problem with an account that needs to be urgently fixed is a 🚩
Tokenization is no longer theory. It’s becoming the backbone of modern finance. 🚀
Tyler breaks down how fixed-rate, fixed-term lending could eliminate some of DeFi’s biggest pain points:
⚡ Floating rate chaos
⚡ Oracle dependency
⚡ Contagion risk
Last night's ABC Deep Dive was a masterclass in real crypto security 🔐
Big takeaway: convenience and security are constantly competing. Understanding tradeoffs matters more than blindly trusting tools.
Join us next time for more conversations!
Looking forward to seeing everyone TODAY for the ABC’s first Web3 Deep Dive on 🔐 Crypto Secure storage and what you should really know about self custody.
👉 https://t.co/DtzxLtfCzU
@Cex_responde Help! You are holding my package. You didn't send me an email notice or any notice. Your weblink to manage shipping is broken. I sent you a DM
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Don't forget to join us this Thursday for our first Deep Dive on📷 Secure storage and what you should really know about self custody. Come for the information, stay for the networking and fun.. Prize to be given out!!
📷 https://t.co/DtzxLtfCzU
This Wednesday is the ABC IRL Monthly Mixer. Don't miss out on Crypto 101. And for those of you who are not newbies. Come to network and have fun! Join us 👇https://t.co/2mdswEig1x