Adding to the recent measures taken by Portugal, another European nation plans to increase crypto trading taxes. Italy’s proposed budget for 2023 includes a measure that would impose a whopping 26% tax on crypto-related capital gains. This tax bracket, however, kicks in whenever crypto revenues are above €2,000 (approx $2,062).
Brazilian Chamber of Deputies passed the crypto bill to regulate the cryptocurrency sector in the largest South American country. Finally, after 5 months of voting dormancy, the regulatory body waved a green flag for bill 4401/21 on Tuesday evening. Bitcoin as Brazil Legal Tender? Originally, Aureo Riberio, a member of
On Monday, the price of Bitcoin (BTC) dropped sharply, falling below the $16.5k support level. Bitcoin’s price is expected to drop to $14,500 before confirming a bottom, according to analysts. On the other hand, other analysts think the BTC price may recover from its present low using information from previous
The government of El Salvador has upped the ante on its crypto endeavors by establishing a National Bitcoin Office (ONBTC) to monitor and direct all national Bitcoin-related activities. The new organization will be able to collaborate with counterparts in other nations on BTC-related topics. While the cryptocurrency market has been
Bitcoin (BTC) and Ethereum (ETH) are not considered securities, according to the Financial Services and Markets Authority (FSMA) in Belgium. Regulatory organizations all over the globe are attempting to define the emergent asset class. But thus yet, only a few of them have been successful. It’s worth noting that the
The largest cryptocurrency by market cap, Bitcoin (BTC), is still highly rejected as long as there is still market volatility globally. Over the last weekend, Bitcoin’s price dropped to $15,000 rage, leading to bearish momentum in the global crypto market. Also, Bitcoin wallet addresses fell by over 80%. In the
Due to weak market performance and a larger computational demand amid increased network difficulty, Bitcoin miners’ income has dropped to two-year lows. However, miners have been able to recover losses thanks to a continuing decline in the Bitcoin hash rate over the last month. Bitcoin mining profits (from both block
Bitwise, a leading cryptocurrency asset management firm, has resubmitted its ETF proposal to include Bitcoin futures (ETF). The proposed fund would use a Cayman Islands-based wholly-owned subsidiary to invest only in Bitcoin futures contracts. Due to the high price tag and high complexity of the planned solution, Bitwise withdrew its
AllianceBlock Fundrs’ decentralized fundraising and compliance tools will be used by the dua Foundation via their officially launched Private Sale. The sale began on November 23rd at 17:00 CET and will end on December 14th at 17:00 CET. Peer-to-peer fundraising platform Fundrs was introduced by AllianceBlock in August on the
In the United States, applications for unemployment benefits hit a three-month high last week, signaling a thawing of the job market in the wake of a wave of layoffs at technology companies. The number of Americans filing for unemployment benefits increased by 17,000 to 240,000, as reported by the Labor
