South Korean police uncovered a phony organization that lured investors into fraudulent crypto investments.

The Central Bank of Brazil is preparing to open the cryptocurrency market to traditional finance institutions, which will be able to operate in this industry with clarity after the enactment of the upcoming regulation. Small crypto startups might face challenges in regularizing their situation due to the high bar this framework will impose.

In its Q3 2024 shareholder letter, Bitcoin miner MARA disclosed a net loss of $125 Million. Nevertheless, the firm has improved its hash rate and plans to build new mining capabilities.

Daren Li is looking at a maximum of 20 years in prison after pleading guilty to his role in laundering crypto in a $73 million scam scheme.

The account consists of Solana, Cardano, Ripple, Internet Computer and Avalanche tokens, according to the filing.

CryptoQuant revealed that cryptocurrency exchange trading saw its largest volume since March 2024. According to the firm, approximately $7.7 Billion USDT was sent to Binance and over $4 billion USDT to Coinbase.

Coinbase, the leading U.S. crypto exchange, has introduced the Coin50, a new market index designed to track the top 50 cryptocurrencies by market capitalization.

Cathie Wood's Ark Invest is optimistic about a more favorable environment for cryptocurrency in the US, tied to new policies under President-elect Donald Trump.

Key Points:

The Italian government would likely approve a coalition partner's proposal to reduce crypto tax to 28%. The post Italy Mulls to Lower Capital Gains Tax on Crypto to 28% appeared first on Cryptonews.

Last year, underbanked households more commonly used crypto than those with no banking access whatsoever, according to an FDIC survey.

Prosecutors petitioned a New York federal court to seize crypto they alleged is linked to bribes paid to Chinese officials by Sam Bankman-Fried.

President-elect Donald Trump is poised to reshape the US government's approach to crypto, actively seeking candidates with industry-friendly views for key regulatory positions.

The administration is looking at several crypto-friendly candidates to fill important positions in various financial regulatory agencies.

A tax hike on crypto capital gains to 42% proved very unpopular in the Italian Parliament, with governing coalition members filing dissenting amendments. The second-largest party proposed 28%, while the third-largest moved to cancel it.

Coinbase's new cryptocurrency index introduces a regulated crypto benchmark, offering investors broad exposure and setting a new standard for transparency in the digital asset market.

Italy's current capital gains tax on crypto, set at 26%, was introduced in 2023, marking a shift from the previous tax treatment of crypto.

Prosecutors are working to recover FTX-related crypto assets that have doubled in value since December 2023.

A former executive of a now-defunct cryptocurrency firm, Celsius Network, will have to continue to face his legal battle as a US federal court denied his motion to dismiss the charges against him.

Bitfarms reschedules its Q3 2024 financial results conference call to November 13, 2024. The call will take place at 8:00 am EST, with materials available beforehand.

With Italy moving toward a 28% crypto tax cap, the government seeks to maintain competitiveness while balancing revenue. Meanwhile, Detroit announced plans to accept cryptocurrency for tax payments by 2025, marking a step toward digital adoption in public services.

Police and electricity authorities in Thailand have launched a series of crackdowns targeting illegal cryptocurrency mining operations accused of stealing massive amounts of electricity. Raids conducted in Chachoengsao and Surat Thani provinces led to multiple arrests and the seizure of mining hardware worth millions of baht.

Bernstein analysts foresee a crypto bull market fueled by Trump's pro-bitcoin stance, urging investors to seize this opportunity for gains, with a $200K bitcoin target by 2025.

Bitcoin surged to new highs on five of the last seven days since the US election, with total cryptocurrency market capitalisation hitting US$3 trillion this week, the first time since November 2021, according to Binance Australia's Monthly Crypto Market Wrap. October lived up to its nickname 'Uptober' for cryptocurrencies, as the total market cap climbed 2.8% and Bitcoin gained 7.4%, driven by renewed institutional interest, US$5.5 billion in crypto exchange-traded fund (ETF) inflows and growing speculation around the US presidential election.

The US government is seeking control of a crypto account linked to Sam Bankman-Fried, which was allegedly used to bribe Chinese officials before FTX's collapse in 2022.

The private sector should lead the evolution of payments, while the Federal Reserve should be ready to solve problems that can't be handled by the private sector alone, Federal Reserve Governor Christopher J. Waller said Tuesday (Nov. 12).

Coinbase Institutional head of research David Duong joins CoinDesk to break down bitcoin's recent surge in price and the potential of a strategic BTC reserve in the U.S. Plus, insights on the role of stablecoins and memecoins in the current bull cycle. - This content should not be construed or relied upon as investment advice.

Preliminary results of the U.S. Congressional elections show that more than 250 candidates who support the digital asset sector have made it into the new legislature.

Apple and A24 to co-produce FTX film adaptation, chronicling the rise and fall of Sam Bankman-Fried and the collapse of crypto exchange. The post Apple to launch Sam Bankman-Fried film with A24 studio appeared first on Crypto Briefing.

In the competitive crypto exchange landscape, Bybit reported a 61% increase in futures trading volume between September and October, reaching $639 billion, according to data provided by Wu Blockchain.

A Bloomberg report suggested Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% one.

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

Rashaun Williams, venture capitalist and Atlanta Falcons limited partner, joins CNBC's 'Closing Bell' to discuss outlooks on crypto, sports investing, and more.

The deal involves Trabucco giving up a yacht, two apartments, and $70 million in FTX claims and is awaiting court approval due in December.

Together the companies control major portions of the US and European crypto index and analytics markets.

Avalon Labs' recently launched stablecoin, backed by Bitcoin, reached a $100 million market cap.

Federal Reserve Governor Christopher Waller recently expressed skepticism about the need for a central bank digital currency (CBDC) in the US payment system Waller made the comments during a speech at The Clearing House Annual Conference 2024 on Nov. 12, where he questioned whether the system has a problem that CBDCs could solve.

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

SolFi, a spin-off of DeFi Technologies, will concentrate on three key areas: proprietary trading, validator node operations, and ecosystem investments. SolFi aims to capitalize on the rising interest in Solana (SOL) by offering investors enhanced returns.

In the fast-paced world of cryptocurrency, meme coins have evolved from lighthearted internet jokes to a formidable asset class. Coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have skyrocketed in value, turning small investments into life-changing sums and creating a new breed of crypto millionaires.

Apple Studios and A24 are reportedly planning to adapt Michael Lewis' book on the rise and fall of the former FTX CEO into a feature film.

MARA Holdings CEO Fred Thiel says it's difficult to move crypto mining operations and he doesn't expect to see miners move if the US has better crypto regulation in the future. He speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto.

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

Scott Bessent has emerged as a top candidate for US Treasury Secretary in President-elect Donald Trump's administration. Bessent is the founder of the renowned global macro investment firm Key Square Group.

Liquidation, hacks and thefts have plagued the industry. It's time for a hard-wired cheat-proof feature that pays on-chain creditors in an orderly way, says StarkWare CEO Eli Ben-Sasson.

Italy's government is considering lowering its proposed tax hike on crypto trades, reducing the planned rate increase from 42% to 28%.

Apple and production studio A24 are bringing Sam Bankman-Fried's story to the big screen, with writer-director Lena Dunham adapting the tale of his rise and fall. Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, captivated the tech world as one of its youngest billionaires before his empire's dramatic collapse in 2022.

Italy's government has taken steps to reduce the proposed increase in the cryptocurrency capital gains tax from an initial 42% to 28%. The League, one of Prime Minister Giorgia Meloni's ruling coalition partners, has proposed the amendment in this regard.