Key Points:

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.

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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.

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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.

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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.

Ron Hammond, the director of government relations in Blockchain Association has shared a series of X posts noting that if the past 7 days felt like a whirlwind, brace yourself. He claims that crypto and the incoming Trump administration are just getting started.

Robinhood CEO Vlad Tenev recently highlighted the substantial efficiency benefits of crypto operations, arguing that the crypto business model outperforms traditional finance in both cost and customer service. In a Nov. 12 appearance on CNBC, Tenev revealed that running a crypto business costs “roughly an order of magnitude” less than traditional financial services.

The founder of the blockchain security firm SlowMist is urging crypto traders to be wary of copy-and-pasting sensitive information.

The SEC has escalated its crackdown on crypto market manipulation, filing charges against multiple market makers and individuals for allegedly using deceptive tactics—such as wash trading and volume inflation—to mislead investors about the demand for various crypto assets marketed as securities. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law.

Animoca Brands, one of the biggest and most active VC funds, is putting its ETH to work again. This time, Animoca Brands led another funding round for its Web3 project, Moca Network.

Stablecoin exchange balances grew to a yearly high of $41 billion this week, providing dry powder to buy digital assets, one analyst noted.

Exactly two years after filing for bankruptcy, the now-defunct crypto exchange FTX has filed a suit against Binance and its founder Changpeng Zhao, aiming to recoup nearly $1.8 billion from the world's largest cryptocurrency exchange, which it claims was fraudulently transferred during a share repurchase deal.

The meme coin gold rush is on and investors are speculating on a dizzying array of new projects. In the last 24 hours, meme coins collectively grew 24% to post a collective market capitalization of $117 billion.

Crypto advocacy group The Digital Chamber is pushing for stablecoin legislation amid an increased push for fair crypto regulations across the United States, the organization's new report entitled “How Stablecoins Are Extending U.S. Dollar Dominance” reveals. According to the crypto organization, over 98% of the more than $170 billion worth of stablecoins in existence are pegged to the U.S. dollar. The post The Digital Chamber Urges U.S. Lawmakers to Pass Stablecoin Legislation in New Report appeared first on Cryptonews.