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Italy is gearing up to raise its capital gains tax on Bitcoin and other cryptocurrencies from 26% to an eye-popping 42%.

Italy plans to raise the capital gains tax on crypto from 26% to 42%

October 17, 2024 1 min read

Italy is gearing up to raise its capital gains tax on Bitcoin and other cryptocurrencies from 26% to an eye-popping 42%. This announcement came from Vice Economy Minister Maurizio Leo during a press conference about the country’s 2025 budget, where he outlined new measures aimed at generating funds to support families, youth, and businesses. This tax overhaul represents a major departure from the existing framework that has been in place

Tesla moves 11,500 BTC worth $765 million in October 2024

October 16, 2024 2 mins read

Elon Musk’s Tesla has recently made headlines in the crypto world by transferring around 11,500 Bitcoin, valued at around $765 million, marking its first major Bitcoin activity in over two years. This transaction, which took place on October 16, 2024, involved multiple smaller transfers to new, unidentified wallets, none of which are linked to cryptocurrency exchanges. This has led to speculation that Tesla might not be looking to sell its

Second Edition of SuperBridge Summit 2024 kicks off today with the participation of 70 speakers

October 15, 2024 5 mins read

Dubai, United Arab Emirates, 15, October 2024: The second edition of SuperBridge Summit kicked off today (October 15, 2024), at the One&Only One Za’abeel Hotel in Dubai with Trip.com, NICE, Laix Inc., Dubai Chambers, MVGX and METACOMP, sponsors of this year’s edition. Organized by the Dubai World Trade Centre (DWTC) and SuperBridge Council, the SuperBridge Summit featured an opening remark by Hadi Badri, CEO of Economic Development of Dubai Economy

South African tax authorities require citizens to declare crypto assets under new rules

October 15, 2024 1 min read

The South African Revenue Service (SARS) has recently urged taxpayers to declare their cryptocurrency holdings as part of its Voluntary Disclosure Programme (VDP). This move comes in light of the increasing popularity of digital currencies like Bitcoin and Ripple’s XRP among South Africans. With the rise in crypto transactions, SARS’ announcement was anticipated, especially after the Financial Sector Conduct Authority (FSCA) classified cryptocurrencies as financial instruments. A recent survey indicates

SuperBridge Summit 2024, organised by the Dubai World Trade Centre (DWTC) and the SuperBridge Council, is set to kick off tomorrow (Tuesday, October 15, 2024) at the One&Only One Za’abeel Hotel

SuperBridge Summit 2024 kicks off tomorrow to ‘Innovate for the Next-Gen’

October 14, 2024 5 mins read

– Visionary insights from global leaders on pioneering solutions across Economic Power, Technology and Leadership to be showcased Dubai, United Arab Emirates, 14, October 2024: SuperBridge Summit 2024, organised by the Dubai World Trade Centre (DWTC) and the SuperBridge Council, is set to kick off tomorrow (Tuesday, October 15, 2024) at the One&Only One Za’abeel Hotel, Dubai, under the theme ‘Innovate for Next Gen’. The second edition of the highly

Arkham Intelligence intends to launch its own crypto derivatives exchange next month

October 14, 2024 1 min read

Arkham Intelligence is gearing up to launch its own crypto derivatives exchange next month, as reported by Bloomberg News on October 11. This announcement has sparked a notable 12% increase in the value of its native token, ARKM, which has been on the rise alongside the broader market recovery. Currently, ARKM is trading at $1.51, reflecting a 16% gain in just 24 hours. The new exchange will be based in

AVAX surges by over 16% in the last 48 hours as Avalanche Foundation plans to repurchase 1.97M tokens

October 12, 2024 1 min read

AVAX, the crypto associated with the Avalanche blockchain, has experienced a remarkable 16% increase in value within just 48 hours. This surge follows the announcement that the Avalanche Foundation plans to buy back 1.97 million tokens previously sold to the Luna Foundation Guard (LFG) in April 2022. The deal is awaiting approval from a bankruptcy court. After a minor dip on October 10, AVAX’s price rebounded from a support level

Defunct crypto exchange Mt. Gox pushes its repayment deadline to October 2025

October 12, 2024 1 min read

The defunct cryptocurrency exchange Mt. Gox has extended its repayment deadline to October 31, 2025, pushing it back by a year from the previous date. This decision was made with court approval, as the Rehabilitation Trustee aims to ensure that repayments to creditors are carried out as smoothly as possible. This marks the second postponement of the repayment timeline; earlier in 2023, the deadline was shifted from October 31, 2023,

Bitnomial challenges SEC’s classification of XRP as a security

October 11, 2024 1 min read

Bitnomial, a crypto derivatives exchange based in Chicago, has taken a bold step by filing a lawsuit against the U.S. Securities and Exchange Commission (SEC). The exchange is contesting the SEC’s claim that XRP futures should be classified as “Security Futures.” This legal move comes on the heels of another lawsuit from Crypto.com, which accuses the SEC of overreaching by labeling all crypto assets as securities. Bitnomial operates under the

Caroline Ellison, the former co-CEO of Alameda Research, has reached a settlement with the FTX bankruptcy estate, agreeing to transfer most of her assets

Former Alameda to hand over bulk of her assets to settle FTX lawsuit

October 10, 2024 1 min read

Caroline Ellison, the former co-CEO of Alameda Research, has reached a settlement with the FTX bankruptcy estate, agreeing to transfer most of her assets to help resolve a lawsuit stemming from FTX’s collapse. In a recent court filing, it was revealed that Ellison will hand over nearly all her assets, excluding those already forfeited to the government or used for legal expenses. Additionally, she has committed to cooperating fully with

VanEck Ventures launches $30M fund to support fintech, digital assets, and AI startups

October 9, 2024 1 min read

VanEck, a prominent global investment management firm, has launched VanEck Ventures, a $30 million early-stage fund aimed at investing in innovative startups within the fintech, digital assets, and artificial intelligence sectors. This move signifies VanEck’s strategic foray into venture capital, aligning with its historical approach of identifying transformative investment opportunities early on. The fund is exclusively available to Qualified Purchasers and carries significant risks, making it essential for potential investors

Binance launches $10M traders league