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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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.
The Italian government is reportedly advancing a proposal to reduce the planned increase in crypto capital gains tax to 28%, a move anticipated to support investor interest. The League, a key member of Prime Minister Giorgia Meloni's coalition, has submitted an amendment to cap the proposed tax rate at 28% rather than the initially suggested
Rachel Conlan's career journey has been anything but conventional. With over two decades of experience spanning marketing, media, and entertainment, Conlan now serves as the Chief Marketing Officer of Binance, one of the world's leading cryptocurrency exchanges.
Coinbase has unveiled its crypto benchmark, the Coinbase 50 Index (COIN50), which will track the aggregated performance of the top 50 cryptocurrencies by market capitalization. The index's rationale is to provide a comprehensive view of the crypto market by distilling thousands of digital tokens to a select 50 based on fundamental standards and market size.
The Republican promised to fire SEC Chair Gary Gensler “on day one,” but a tweet suggested he would also attempt to circumvent the Senate confirmation process for a replacement.
Trump is reportedly considering several key officials to help with crypto regulation and ease rules, in support of the sector.
Bitcoin's (BTC) dominance is close to its peak after the halving event, signalling that altcoin season is upon us. The crypto market has witnessed a spectacular run since the US election, which resulted in a Trump win.
The $10 million in fresh financing adds to the total $31.88 million Animoca raised previously to build out the consumer network.
XRP's attorney, James Murphy, also known on Twitter as MetaLawMan, stated that he believes after the winning of the presidency by Donald Trump this year, SEC Chair Gary Gensler will resign. He cited a trend in history: when Trump won in 2016, Mary Jo White, then-SEC chair at the time, resigned, and upon Biden's victory
When Donald Trump clinched victory in the U.S. presidential election, the world of cryptocurrency lit up significantly. Apart from Elon Musk, one of the biggest winners of the night was Binance founder Changpeng Zhao, better known as CZ.
Klippsten warns that relaxed regulations under Trump could trigger a chaotic altcoin surge, drawing liquidity away from Bitcoin.
President-elect Trump is in the process of making nominations to fill out his Cabinet, and betting markets have identified a clear front-runner for the Treasury secretary role.
Derivative products tied to the new index will not be available to users in the United States, United Kingdom, or Canada.
Binance Chain has secured a $10 million investment in cloud service credits from Google Cloud to bolster the development of projects within its Most Valuable Builder (MVB) Program. This collaboration will accelerate the progress of over 40 projects by providing resources necessary for growth in key technology areas like artificial intelligence (AI) and cloud computing.
Coinbase has unveiled the Coinbase 50 Index (COIN50), a benchmark representing the top 50 digital assets listed on the exchange. The post Coinbase Launches S&P 500 for Crypto: the COIN50 Index appeared first on Cryptonews.
Robinhood (NASDAQ:HOOD) CEO Vlad Tenev on Tuesday emphasized that operating a cryptocurrency business is significantly more cost-effective than running traditional financial services, providing a substantial advantage that he described as “undeniable.” What Happened: "It costs us roughly an order of magnitude less to operate a cryptocurrency business and offer the exchange of assets than it does on the TradFi side,” Tenev said in an interview with CNBC, highlighting the operational efficiencies that crypto brings compared to traditional finance.
American households considered "underbanked" -- or who rely on services like check cashing and payday loans to meet their financial needs -- are more likely to hold cryptocurrencies than households with better access to the traditional banking system, according to a government report released Tuesday.
DeFi Llama is the latest victim of a spoofing link. The data service warns against using top links from Google, as malicious activity has been noticed.
Donald Trump gained a historic win in the 2024 US Elections on November 6, but it might become more historic for the crypto industry as the investors are excited to see Trump's pro-crypto promises turn into reality. Since the beginning of the year, Trump has embraced crypto and promised to implement the much-needed crypto regulation.
Federal Reserve Governor Christopher Waller said Tuesday stablecoins are effectively “synthetic” dollars that can bring benefits to the financial system.
Publicly traded company Coinbase has launched an equivalent of the crypto market's S&P 500 Index. Dubbed Coinbase 50 (COIN50) Index, this new product represents the top 50 digital assets listed on its exchange that meet the index's fundamental criteria for inclusion.
Animoca Brands leads OKX Ventures, Kingsway Capital and other participants to raise additional funding for Mocaverse.
Uniswap Labs' Unichain project faces criticism for abruptly disabling public RPC access after a security leak.