Crypto News
Czech Government Survives No-Confidence Vote Over $45M Bitcoin Donation

The Czech authorities has weathered a political storm this week, surviving a no-confidence vote triggered by a $45 million bitcoin fee from a convicted legal.
The scandal has rocked Prime Minister Petr Fiala’s administration months earlier than nationwide elections, Reuters reports.
The fee of 468 bitcoin was made to the state by a person beforehand jailed for working a darknet drug market known as Sheep Market.
The donation was accepted by then-Justice Minister Pavel Blazek, who later resigned amid the backlash, on behalf of the federal government. The bitcoin was bought for roughly 1 billion Czech koruna, value round $45 million.
Opposition celebration ANO, which leads polls forward of the October vote, filed a no-confidence movement and accused the ruling coalition of doubtless aiding within the laundering of illicit belongings, because the supply of the BTC is unclear.
Critics say the federal government ought to have concerned prosecutors or police as a substitute of accepting probably tainted crypto funds. After two days of debate, the movement failed within the decrease home, the place Fiala’s coalition retains a majority.
Nonetheless, Blazek insisted he acted legally in accepting the donation, which amounted to about 30% of crypto discovered on the person’s returned gadgets.
The donor’s motives stay unclear. The case shook the federal government of a rustic whose central financial institution earlier this 12 months permitted a proposal to study bitcoin as a reserve asset. Czech Nationwide Financial institution chief Ales Michl has even stated bitcoin is not to be “lumped together” with crypto.
Polymarket merchants are presently seeing the primary opposition celebration, ANO, win the parliamentary election in October. Perceived odds of that end result are currently at 92%, whereas Blazek’s ODS celebration’s probabilities stand at simply 6%.
Crypto News
Polygon to Launch Heimdall v2 Hard Fork on July 10

Polygon is ready to deploy its most advanced laborious fork up to now on July 10, upgrading its proof-of-stake blockchain with a brand new consensus layer dubbed Heimdall 2.0.
In an X submit, Polygon Basis CEO Sandeep Nailwal said the improve enhances the spine of Polygon’s proof-of-stake (PoS) blockchain. It’s going to substitute legacy parts courting again to 2018 and 2019 with newer infrastructure.
“That is probably the most technically advanced laborious fork Polygon PoS has seen since its launch in 2020,” Nailwal wrote, including that it’s going to enhance finality, person expertise and the community’s upgradeability.
The brand new replace reduces the blockchain’s finality to about 5 seconds and minimizes the possibility of chain reorganizations past two blocks. This enables the community to be extra secure and bridges to be safer.
Cointelegraph has reached out to Polygon for additional remark.
Polygon Basis CEO urges node operators to arrange for the improve
Nailwal additionally mentioned the migration marks a step towards delivery sooner checkpoints and constructing headroom for future upgrades. Whereas most validators upgraded earlier than the deadline, the Polygon Basis CEO urged node operators working older variations to arrange instantly.
“Let’s make this the smoothest improve but. Most validators have already upgraded, however in case you haven’t but, take a look at early, unfold the phrase, and ping us should you hit snags,” Nailwal wrote. The improve will take half-hour on the mainnet, with scripts and runbooks already out there.
Nailwal additionally requested the neighborhood to arrange for short-term instability and be cautious whereas the system upgrades its core consensus engine.
The Polygon government mentioned that Heimdall’s finality will briefly lag by about three hours. Which means that through the improve course of on July 10, the PoS chain’s potential to finalize blocks will both pause or decelerate for as much as three hours.
Associated: ZisK spins off from Polygon with ‘core minds behind Polygon zkEVM’
Sandeep Nailwal takes over Polygon Basis
The improve follows a change in Polygon Basis’s management construction from decentralized governance to having Polygon co-founder Sandeep Nailwal assume complete executive control.
On June 11, Nailwal took full management of the inspiration as its first CEO. The inspiration, which oversees Polygon Labs, now operates below Nailwal’s management, refocusing its efforts as competitors turns into fiercer within the layer-2 house.
Nailwal beforehand mentioned it was time for Polygon to maneuver sooner and extra aggressively with full conviction and focus.
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Cryptocurrency customers within the U.Ok. will probably be required to offer sure data to service suppliers regarding their digital asset exercise from Jan. 1 2026, or threat a advantageous. Customers should present their full identify, date of start, tackle, nation of residence and tax identification numbers. Failure to take action could land them a penalty of as much as 300 kilos ($408). His Majesty’s Revenue and Customs (HMRC) stated the knowledge will assist customers’ crypto exercise be linked to their tax report to work out how a lot tax is payable. The requirement pertains to customers’ dealings with all companies classed as crypto service suppliers. These embrace exchanges, pockets apps, non-fungible token marketplaces and providers that assist customers handle their crypto portfolios. Learn Extra: Crypto for Advisors: It’s Tax Time Ivanka Trump’s daughter borrows mom’s dress for White House visit 23 Small Ways to Make Life Simpler Jennifer Garner and John Miller show rare PDA at charity event OpenAI hires team behind AI recommendation startup Crossing Minds The Disrupt 2025 Builders Stage agenda now live and taking shape Margaret Cho disses ‘mean girl’ Ellen DeGeneres in scathing interview Taylor Swift all smiles as she supports Travis Kelce at training camp in Nashville Jeff Bezos and Lauren Sánchez keeping A-list guests in the dark about top-secret wedding eventsCrypto News
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Crypto News
Opensea Acquires Rally to Enhance Mobile Experience and Token Trading Capabilities
Opensea has introduced its acquisition of Rally, a transfer that goals to reinforce its cell and token buying and selling capabilities. Chris Maddern, the brand new Chief Know-how Officer of Opensea, expressed pleasure concerning the acquisition, highlighting that the Rally group brings invaluable experience to the corporate. The mixing of Rally is anticipated to supercharge a brand new cell […]