Italy will drop plans to increase tax on crypto capital gains
Italy drops plans to raise crypto tax from 26% to 42% after industry opposition. Lawmakers propose capping the tax at 28% or maintaining the current 26% rate. Progressive taxation and…
Michael Saylor urges Microsoft to adopt Bitcoin, says it represents digital capital
Michael Saylor said Bitcoin represents the “greatest digital transformation of the 21st century” Saylor believes it “makes sense” for Microsoft to buy and hold Bitcoin rather than buy stock back…
Crypto.com expands into US equities market with acquisition of Watchdog Capital
Crypto.com acquires Watchdog Capital to enter the U.S. equities market. The acquisition enables the trading of stocks and options alongside crypto services. CEO Kris Marszalek promises a full range of…
Radiant Capital suffers $51M exploit on BNB Chain and Arbitrum
Radiant Capital has fallen to a hack, with more than $51 million stolen across Arbitrum and BNB Chain. Over $32 million was stolen from Arbitrum, while BNB Chain accounted for…
Italy set to raise Bitcoin capital gains tax to 42%
Italy plans to raise the capital gains tax on cryptocurrencies from 26% to 42%. The new policy reflects a trend among European countries tightening crypto regulations. PM Giorgia Meloni assures…
Canary Capital files for Litecoin ETF after recent XRP ETF filing
Canary Capital has filed for a spot Litecoin ETF. The ETF aims to offer institutional investors exposure to Litecoin’s value. Regulatory challenges may arise, especially regarding market infrastructure and liquidity.…
Silvergate Capital files for bankruptcy amid crypto market turmoil
Silvergate Capital filed for bankruptcy on September 18, 2024, in Delaware. The bank, shuttered in March 2023, will not compensate common stockholders. Regulatory probes and the crypto market collapse blamed…
Donald Trump unveils plan to make USA the ‘crypto capital of the planet’
Donald Trump aims to make the US the “crypto capital of the planet” if elected. His sons’ World Liberty Financial may involve real-world assets and tokenization. Trump has promised a…
Cypher Capital backs Echelon in $3.5 million seed round
Echelon aims to improve capital efficiency with features for institutional markets. Cypher Capital participated in Echelon’s $3.5M seed round. The funding supports the development of new products, RWAs, and expansion…
Bitget Records Highest Capital Inflow and Open Interest Surged 39.2% in May, reaching $9.74 Billion
Victoria, Seychelles, 18th June 2024, Chainwire The post Bitget Records Highest Capital Inflow and Open Interest Surged 39.2% in May, reaching $9.74 Billion appeared first on CoinJournal.