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The Italian government has announced plans to increase the tax rate on capital gains from Bitcoin and other cryptocurrencies from 26% to 42%. This is an increase of approximately 62% from the current rate.Local economic news outlet Il Sole 24 Ore reported that Deputy Economy Minister Maurizio Leo announced the move at a press conference on the 2025 budget. The measure is part of a broader effort to generate additional income to support families, young people and businesses.Italian taxpayers are now required to list their virtual currency holdings on the “Redditi Personale Fisiche” form and clearly list any capital gains…
XRP price has increased significantly following the announcement of a partnership between Ripple and popular cryptocurrency payment platform MoonPay. This new collaboration will allow users to purchase, manage, and store XRP directly through the MoonPay app. MoonPay and Ripple partnership A key part of this partnership is the introduction of RLUSD, Ripple’s dollar-backed stablecoin. Ripple developed RLUSD with the help of several platforms such as Uphold, Bitstamp, Bitso, Independent Reserve, CoinMENA, and Bullish. This move is expected to strengthen liquidity within the Ripple ecosystem and simplify trading. MoonPay confirmed the integration with XRP in a social media post about X,…
A new study reveals that memecoins have reached $1 billion valuations far faster than traditional Nasdaq-listed companies. What Happened: The report found that while many established companies took 25 to 35 years to reach $1 billion valuations, meme coins like Shiba Inu SHIB/USD and Pepe PEPE/USD reached within a few months. It is clear that these milestones have been reached and that the conversation around value creation has been reshaped. modern financial market. This report by Social Capital Markets details how quickly meme coins are growing compared to corporate coins. Dogecoin DOGE/USD is a cryptocurrency that started as a joke…
Given that political events can have a significant impact on cryptocurrencies, experts believe that if former President Donald Trump wins the November 5th US presidential election, the price of Solana (SOL) will increase. We predict it could exceed $200. While investors are anticipating the fallout from the election and closely monitoring the prices of top altcoins, new pre-sale gems are gaining more attention with each passing day. With its unique hybrid ecosystem, CUTO, the new meme coin is already predicted to lead this year’s Ethereum coin rally alongside Shiba Inu (SHIB). Cutushi is a hybrid MemeFi project with potential to…
Global demand for Plus Wallet is rapidly increasing in the virtual currency market! Tezos becomes blockchain development hub as stablecoins grow in popularity The Tezos ecosystem is rapidly becoming a hub for blockchain development, offering innovative tools for NFTs, wallets, and governance. At the same time, stablecoins are gaining popularity, driving market growth and increasing market capitalization by 31% in 2024, bringing stability to a volatile crypto environment.Plus Wallet is also making waves globally, especially in major markets such as the US and UK, as well as other emerging cryptocurrency economies. Known for its cross-chain functionality and highest level of…
Find out why BlockDAG’s 50% bonus is the best short-term deal of 2024. There are only a few days left. Plus, the latest information on the potential upside of the Ethereum ETF and AVAX. Ethereum stopped raising new funds on October 7, resulting in no inflow of funds and a significant drop in transactions. Meanwhile, Avalanche (AVAX) is up 23% this month, but has failed to break through the $30 milestone, which has been a drag on growth. Meanwhile, you only have a few days left to claim BlockDAG’s 50% bonus. As the days go by, the desire to get…
Binance’s venture capital and incubation arm has invested in Lombard, the crypto project behind the Bitcoin liquid staking token LBTC. This investment will help Lombard expand LBTC to new chains. The goal is to grow the decentralized finance environment on Bitcoin (BTC) by opening up new opportunities for BTC holders, Jacob Phillips, co-founder and head of strategy at Lombard, said in the announcement. said. Lombard launched a liquid staking token in August and is one of the projects aiming to bring the benefits of decentralized finance to Bitcoin holders. The platform’s DeFi on Bitcoin products saw LBTC’s power yield strategy,…
Digital payments company SKUx has completed the first phase of its blockchain-focused partnership with Mondelēz. SKUx is working with Hedera, an open source enterprise distributed ledger technology (DLT) network, on payments innovation projects for the consumer packaged goods giant, the companies announced Wednesday (October 16). Announced in the release. “The first phase of the innovation project successfully extended the current SKUx and Mondelez customer service programs on the market. In addition to coupons and mailed paper checks, the program offers near real-time SKUx digital payment options. “and vouchers,” the release states. The project will publicly map a subset of these…
Avishek Das | Light Rocket | Getty ImagesOn Wednesday, the price of Bitcoin approached $68,400, its highest level since July, sparking a rally across the cryptocurrency sector. Bitcoin is up more than 9% in the last week, and Ethereum is up about 7%. Other popular coins are also rising, with Solana up nearly 10% over the past seven days and Dogecoin up 15%.The gains spilled over into stocks linked to cryptocurrencies. Digital asset exchange Coinbase rose about 7% on Wednesday, taking its three-day gain to 19%. Stock prices are at their highest since August. Bitcoin miners Marathon Digital and Riot…
On Wednesday, Bitcoin prices neared $68,400, the highest since July. This rally triggered gains in other cryptocurrencies and related stocks such as Coinbase and Marathon Digital. On Wednesday, the price of Bitcoin approached $68,400, its highest level since July, sparking a rally across the cryptocurrency sector. Bitcoin is up more than 9% in the last week, and Ethereum is up about 7%. Other popular coins are also rising, with Solana up nearly 10% over the past seven days and Dogecoin up 15%. The gains spilled over into stocks linked to cryptocurrencies. Digital asset exchange Coinbase rose about 7% on Wednesday,…