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Italy approves 26% capital gains tax on cryptocurrencies

2.1.2023
The Italian Senate approved the new tax rate for crypto trading as part of the budget legislation for 2023

Italian Parliament Approves 26% Tax for Cryptocurrency Gains in 2023 Budget Law

2.1.2023
The Italian Parliament has introduced a 26% capital tax on cryptocurrency gains as part of the 2023 budget law, which was approved on Dec. 29. The document also offers incentives for taxpayers to declare their cryptocurrency holdings, proposing a 3.5% aliquot for undeclared cryptocurrencies held...

‘Oil Prices North of $200’ per Barrel — Investor Expects Oil to ‘Crush’ Every Investment in 2023

27.12.2022
Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along at prices between $80.12 and $85 per unit, Goldman Sachs analysts think oil will reach $110 per barrel for Brent oil,...

Crypto Twitter confused by SBF's $250M bail and a return to luxury

23.12.2022
The crypto community raised many questions about how FTX's former CEO was able to secure bail and the conditions it will come with

Defi More Scalable Than Traditional Finance, New Study Says

22.12.2022
Despite the market conditions that prevailed in much of 2022, decentralized finance (defi) still demonstrated its greater scaling potential than that of the traditional financial industry, a new report has said. Even though the total value locked dropped from the peak of $180 billion in Dec. 2021...

Pantera CEO on the FTX collapse: Blockchain didn’t fail

21.12.2022
Pantera Capital CEO Dan Morehead argued that the FTX collapse has nothing to do with the promise of blockchain technology

Blockchain VC funding surpasses 2021 total despite declining since May

20.12.2022
After a tumultuous year in crypto, investors are now more selective with their funding

Report: Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto

20.12.2022
Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 2007, a report has said. A Nigerian lawmaker, Babangida Ibrahim, suggested that the Central...

FTX’s Bankman-Fried Gave Ex-Jane Street Traders Who Formed Modulo Capital $400M

19.12.2022
Founded in early 2022, Modulo operated out of the same luxury Bahamian condominium community where Sam Bankman-Fried and other FTX employees lived

Basel Committee Finalizes Rules for Bank Exposure to Cryptocurrency Assets

19.12.2022
The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset classes, including tokenized real assets and stablecoins in one, and other cryptocurrencies...

Nigeria to Recognize Crypto as Investment Capital: Report

19.12.2022
A proposed bill will lay out crypto supervisory powers of the Central Bank of Nigeria and the country's securities regulator, an official has said

Grayscale Will Explore Returning 20% of Investor Capital if SEC Refuses Spot Bitcoin ETF: Report

19.12.2022
Grayscale Investments is exploring options to return a portion of capital underlying its flagship Grayscale Bitcoin (GBTC) product if the SEC refuses to grant a bitcoin exchange-traded fund (ETF), according to a report

Nigeria set to pass bill recognizing Bitcoin and cryptocurrencies

19.12.2022
The slated law comes as Nigeria's eNaira has only managed to obtain a 0.5% adoption rate 12 months after its launch in Oct. 2021

Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues

18.12.2022
Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn...

Three Arrows Capital Estimated Its Assets at Around $1B in July: Report

16.12.2022
Bankrupt crypto hedge fund Three Arrows Capital (3AC) estimated its assets to be worth around $1 billion in July, according to a report by The Block, citing a document prepared by 3AC liquidator Teneo

The VC-dominated crypto funding model needs a reboot

15.12.2022
Venture capital firms have a tendency to dump tokens and collapse prices. Community-based funding models could fix the problem

'Old money has all but fled,' Huobi co-founder discusses challenges of running $400M VC fund

13.12.2022
Jun launched the fund amidst the bear market this year and continues to invest in Web 3.0 companies

Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain

13.12.2022
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal with Bitmain which will enable the company’s self-mining capacity to expand and fully...

First Mover Asia: QCP Capital Founder Sees Crypto Industry’s Immediate Future Tied to Genesis Debacle, Expects Rebound in 2024

13.12.2022
During a panel discussion at Taipei Blockchain Week, Darius Sit noted the continued institutional adoption of the crypto options and derivatives market, among industry high points; former FTX CEO Sam Bankman-Fried arrested