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Crypto News

Starting From 2023, Italy Will Impose A 26% Cryptocurrency Gains Tax

Italy would start taxing crypto capital gains at a rate of 26%. The tax levy is a suggestion made by the nation's legislators for its 2023 budget projections. The tax will only be charged on profits over EUR 2,000. Additionally, taxpayers will be able to report the value of their assets starting Jan 1, 2023. On these returns, they will pay a tax rate of 14%. This is comparable to the new tax regulations that India received earlier this year.

BeInCrypto - 1368 ngày trước

TradFi Giant TP ICAP Acquires A UK Crypto License

The biggest interdealer broker in the world, TP ICAP, has registered with the Financial Conduct Authority of the United Kingdom as a provider of digital assets in an effort to expand its Fusion Digital Assets platform into the crypto space. The organization, a giant in the wholesale markets infrastructure for conventional finance, is working with custodian Fidelity Digital Assets to provide a platform to match orders and carry out spot crypto trades.

coindesk - 1368 ngày trước

South Korea's Shinhan Bank Has Launched "Metaverse" Services

According to local media reports, Shinhan Bank, one of South Korea's top four lenders by net profit, has launched a "metaverse" website to offer what it calls financial and non-financial services, claiming to be the first bank in the nation to do so. The announcement by Shinhan Bank comes after the institution conducted many tests especially a five-day trial of the Shinamon services, connected to crypto and blockchain technology.

Forkast - 1368 ngày trước

Large Crypto Investors Are Returning To The Market And Bitcoin

Founder of crypto analytics portal CryptoQuant, based on the Coinbase Premium Index claimed that market sentiment in the US regarding crypto market is improving. The index moved into the green area for the first time since the demise of significant cryptocurrency exchange FTX. The index is rising as a result of increased trading activity on the exchange, signaling a return of buying power and the beginning of these major players' position accumulating in Bitcoin.

U.Today - 1368 ngày trước

Casa, A Bitcoin Custody Provider Will Support Ethereum

Casa Bitcoin Custody Provider will support ether (ETH), the native cryptocurrency of Ethereum, in January and will be simpler to use as a result of user experience upgrades included in the platform redesign. Casa will soon release a redesigned app with an improved look and feel that will enhance the user experience for members. The statement stated that Casa will thereafter launch new membership plans and include Ethereum storage.

coindesk - 1368 ngày trước

Uniswap Introduces An Aggregator For The NFT Marketplace

Users can now trade non fungible tokens (NFTs), using the native protocol of decentralized exchange (DEX) Uniswap. The function, according to Uniswap, would initially offer NFT collections for sale on websites including OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation, NFT20, and NFTX. Users of Uniswap NFT, according to the company's developers, can save up to 15% on gas prices when compared to those of other NFT aggregators.

cointelegraph - 1369 ngày trước

Chainlink Gets Ready To Start Staking On Ethereum

Chainlink offered an update on their staking initiatives on December 1. Also confirmed by the oracle provider was the Dec. 6 launch of staking on the Ethereum mainnet. Only addresses eligible for early access are able to begin beta Chainlink Staking on ETH. These will be permitted to stake a maximum of 7,000 LINK, or $53,270, in a pool with a cap. The user's wallets can verify the on-chain and off-chain activity that determines eligibility.

BeInCrypto - 1369 ngày trước

BMW Forays Into NFTs And The Metaverse Space

According to trademark lawyer Mike Kondoudis, BMW, a well-known German auto, motorbike, and engine manufacturer, has submitted an application to register its logo for NFTs as well as virtual worlds. The well-known company has previously ventured into the Web3 space. As a number of NFTs debuted in a "Museum of Noise" in February, BMW decided to maintain the sound of its engine roars which involves downloadable computer programs applications.

U.Today - 1369 ngày trước

After FTX Collapsed, Telegram Announced Plans To Launch A Cryptocurrency Exchange

Pavel Durov, the inventor of the messaging app Telegram, has announced plans for the company to introduce decentralized cryptocurrency products, such as a crypto exchange and non-custodial wallets. The new initiative intends to address the current concentration of cryptocurrency companies, a problem he claimed has let down millions of consumers in light of the collapse of the FTX exchange, the CEO said via his official Telegram channel.

Finbold - 1369 ngày trước

Swedish Sports Cars Can Now Be Purchased With SHIB

Holders of SHIB can now use BitPay, a crypto payment processor, to purchase Koenigsegg hypercars with their holdings. Shiba Inu (SHIB) is making progress in this area, as crypto payments are also becoming more and more popular. In a recent tweet, BitPay declared its collaboration with Ashburn, Virginia-based luxury vehicle dealer Exclusive Automotive Group (EAG) to enable crypto purchases of high-end Koenigsegg hypercars.

U.Today - 1369 ngày trước

Crypto News

Bitcoin Open Interest Surges by $1.8 Billion as Price Breaks $27,000

Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.

newsbtc - 1077 ngày trước

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 1077 ngày trước

Citigroup Leads the Way with Permissioned Blockchain for Institutions

Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.

Blockworks - 1077 ngày trước

Bitcoin Dominance Soars Above 50%, Emerging as the Crypto Safe Haven

Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.

U.Today - 1077 ngày trước

Animoca Game Studio Pioneers Bitcoin-Backed Metaverse Token, Ushering in Bitcoin's Next Phase

Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.

Bitcoin News - 1078 ngày trước