Italy’s plan to raise its crypto tax to 42% marks a substantial increase from the previous 26%. As Bitcoin and other digital assets face higher taxes, traders and investors are concerned about reduced market activity, with potential shifts to offshore platforms as a result of this policy change.
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Category: Cryptocurrencies
Donald Trump Takes 19% Lead Over Kamala Harris on Polymarket
As of October 16, 2024, Donald Trump leads Kamala Harris by 19 points on Polymarket’s decentralized betting poll. Harris recently launched a digital asset protection initiative aimed at Black male voters, responding to Trump’s inroads with this key demographic.
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Tesla Shifts $765M Bitcoin to Unidentified Wallets, Sparking Debate on Elon Musk’s Strategy
Elon Musk’s Tesla transferred nearly all of its $760M Bitcoin to unknown wallets, sparking rumors of a potential sell-off.
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US Seeks 5-Year Sentence for Ilya Lichtenstein, Orchestrator of $6B Bitfinex Hack
US prosecutors recommended five years in prison and three years of supervised release for Ilya Lichtenstein, mastermind of the $6b Bitfinex hack.
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Utopian City Project for Crypto and AI Leaders Praxis Secures $525M in Funding
Praxis, an ambitious project that plans to develop a tech-centric city for cryptocurrency and AI innovators, has secured $525 million in funding.
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John Deaton Debates Elizabeth Warren on Crypto Regulations
Democratic Senator Elizabeth Warren and her Republican challenger, John Deaton, had a fiery clash during the Senate debate at WBZ-TV on Tuesday.
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Grayscale Files With SEC to Convert Multi-Crypto Fund Into ETF
Grayscale’s multi-crypto fund holds a mixed portfolio of tokens, including Bitcoin, Ethereum, Solana, Ripple and Avalanche.
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TikTok Faces Allegations of Running Crypto Exchange-Like Operations in UK
TikTok is under scrutiny in the UK for allegedly operating like a crypto exchange, with concerns about its virtual tokens being converted into real money.
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Cosmos Hub’s Liquid Staking Module Under Scrutiny Due to North Korea Ties
Concerns are rising over the security of Cosmos Hub’s Liquid Staking Module after revelations of alleged North Korean involvement in its development, prompting calls for a comprehensive audit and stricter security measures within the Cosmos community.
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RWA Tokenization Market Poised to Surge 50-Fold by 2030: Tren Finance
The real-world asset (RWA) tokenization market is set for a 50-fold expansion by 2030, according to a Tren Finance report.
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