Italy’s government announced plans to scale back a proposed tax increase on crypto capital gains following criticism from industry stakeholders and divisions within the ruling coalition, Reuters reported on Dec. 11. The initial proposal, introduced as part of the 2025 budget, sought to raise the tax rate on crypto gains from 26% to 42%, a …
Monthly archives: December 2024
VanEck projects sustained growth for Bitcoin as altcoin season index rises
VanEck believes the recent surge in the Altcoin Season Index, which jumped 53% in the past 30 days to 63 points, could signal upcoming gains for Bitcoin (BTC). According to the firm’s head of digital assets research, Matthew Sigel, this level has historically preceded positive returns for Bitcoin (BTC) across one-, three-, and six-month timeframes. The index …
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Microsoft shareholders oppose Bitcoin treasury allocation in preliminary vote
Microsoft shareholders voted against the proposal to add Bitcoin (BTC) to its treasury in a preliminary vote conducted during the firm’s annual meeting. The proposal, introduced by the think tank and shareholder National Center for Public Policy Research (NCPPR), involved Microsoft considering allocating 1% of its treasury to BTC, which is roughly $800 million per …
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Bitcoin poised for ‘golden age’ in 2025 with $200k milestone projection – Bitwise
The crypto market is poised for a transformative year in 2025, with Bitcoin (BTC) projected to break $200,000, according to a recent Bitwise report. The report — titled The Year Ahead: 10 Crypto Predictions for 2025 — highlights the factors driving the industry’s growth, including new regulatory clarity, institutional adoption, and technological innovation, which together …
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Goldman Sachs eyeing crypto market-making for Bitcoin, Ethereum if US regulations shift
Goldman Sachs CEO David Solomon said the firm might explore becoming a spot market maker spot market for Bitcoin (BTC) and Ethereum (ETH) if the regulatory environment in the US undergoes significant changes. Speaking at the Reuters Next event in New York, Solomon acknowledged that Goldman Sachs is currently unable to hold crypto due to …
Microsoft Votes No on Bitcoin Reserves: Michael Saylor’s Pitch Fails to Convince
Microsoft shareholders rejected a push to adopt bitcoin as a strategic reserve, dismissing claims it could add trillions in market value and mitigate shareholder risks. Microsoft Rejects Bitcoin Investment: What It Means for Shareholders Microsoft’s shareholders have voted against a proposal to include bitcoin in the company’s financial reserves, following guidance from the board of …
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Altcoins Suffer as Bitcoin Sinks to $96,609—What’s Next?
Crypto assets faced another rough day as bitcoin (BTC) slipped below the $97,000 mark, dragging several altcoins deeper into the red. Dogecoin (DOGE) lost over 4% against the U.S. dollar, while solana (SOL) declined by 2.75%. Crypto Economy Faces Another Blow Although global trade volume surged by 51% compared to Monday, the overall crypto economy …
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Australian Fintech Report: Blockchain and Crypto Sector Contracts Amid Global Shift to AI
A recent KPMG report shows a 14% decline in the number of active firms in Australia’s blockchain and cryptocurrency sector in 2024. M&A and Investment Activity Subdued in 2024 According to a recently released KPMG report, the number of active firms in Australia’s blockchain and cryptocurrency sector dropped from 85 to 74. This translates to …
Tucker Carlson and Roger Ver Reveal Shocking Details About US Extradition Battle and Bitcoin in Exclusive TCN Interview
In a recent interview on the Tucker Carlson Network, Tucker Carlson explored Roger Ver’s perspective on his ongoing legal battle with the U.S. government. Roger Ver Speaks Out on Facing 109 Years in Prison Known for his early investments in bitcoin (BTC) and his libertarian advocacy, Bitcoin.com founder Roger Ver faces potential extradition to the …
Binance Ranks as the Most Visited Crypto Site and 6th in Financial Services: Cloudflare Report
According to Cloudflare’s 2024 web traffic report, Binance is the most visited cryptocurrency platform. Binance Attracted the Most Web Visits in Crypto for 2024 Binance solidified its position as a dominant force in the digital assets ecosystem in 2024. According to Cloudflare’s latest report, Binance not only retained its title as the most visited cryptocurrency …
Pacioli.ai Integrates USDC Payments and Rewards for Disclosure Reliability Analysis
PRESS RELEASE. Zug, Switzerland, December 10, 2024 — Auditchain Labs AG, developer of Pacioli.ai, the world’s first RegFi protocol, is excited to announce the integration of USDC payments into Pacioli.ai for the analysis of disclosures filed with over 200 regulators across 65 jurisdictions initially including the United States Securities and Exchange Commission (SEC). This enhancement …
MARA Holdings buys another $1.1 BTC, hits industry-first 50 EH/s
MARA’s shares closed down 4.4% on the day after announcing it had purchased nearly 11,800 Bitcoin and boosted its hashrate to an industry record.
Analyst Unveils Huge Price Targets for XRP, Says Altcoin Looks Undervalued After Massive Breakout
A closely followed crypto strategist believes payments altcoin XRP is primed to witness much higher prices after breaking out from a nearly seven-year holding pattern. Analyst Ali Martinez tells his 96,200 followers on the social media platform X that he thinks XRP could print gains of at least 245% from current prices before the bull …
Trader Turns $3,000 Investment Into $73,000,000 With Frog-Themed Memecoin PEPE: Lookonchain
Blockchain tracking firm Lookonchain says one savvy crypto trader gained a 2,433,233% profit on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival. According to Lookonchain, one anonymous trader turned $3,000 into a whopping $73,000,000 in just 20 months by purchasing memecoin Pepe (PEPE). “Turning $3,000 into $73 million, a 24,656x return, what a legend! Before …
SushiSwap Head Jared Grey Says Plans for 2025 Include Launching New DEX on Solana (SOL)
Sushi Labs managing director Jared Grey is outlining what’s next for the multichain decentralized exchange (DEX) SushiSwap (SUSHI). Grey notes on the social media platform X that the Sushi decentralized autonomous organization (DAO) passed a comprehensive governance overhaul in April that will use a “multi-token ecosystem mandate to launch new Sushi products.” “Here is a …