Italy's government is proposing a significant increase in the capital gains tax on Bitcoin investments as part of its 2025 budget plan. During a recent press conference, Deputy Economy Minister Maurizio Leo announced that the tax rate on Bitcoin capital gains would rise from 26% to 42%. Minister Leo explained ...
The European Securities and Markets Authority (ESMA) is reportedly advocating for mandatory external audits of cybersecurity defences within cryptocurrency companies, as outlined in a report by the Financial Times on Wednesday. Though specific sources weren't cited, the report suggests the ESMA is pushing for lawmakers in the European Union's parliament ...
Ilya Lichtenstein, the mastermind behind the largest cryptocurrency hack in history, faces a 5-year prison sentence after U.S. prosecutors urged a Washington district judge to impose the punishment. Lichtenstein, along with his wife, Heather Morgan, admitted to laundering $6 billion worth of Bitcoin stolen during the 2016 hack of Bitfinex, ...
BlackRock CEO Larry Fink revealed that the asset management giant now views Bitcoin as a digital alternative to gold, marking a significant shift in the firm’s stance on cryptocurrency. Fink's comments, made during an earnings call, highlight BlackRock’s evolving strategy toward cryptocurrency, particularly Bitcoin and Ethereum. Earlier this year, the ...
The uptick in funds digital assets attracted in the past week suggests a shift in investor focus from traditional monetary policy to the upcoming U.S. elections, according to CoinShares' head of research, James Butterfill. In a blog post on Monday, October 14, Butterfill revealed that the data shows an increasing ...
Boerse Stuttgart Digital, the crypto infrastructure hub of Germany's asset exchange of the same name, has teamed up with Amazon Web Services(AWS) to enhance its services for European financial institutions in response to the increasing demand for cryptocurrency solutions. The collaboration, announced in a press release on October 14, aims ...
An unknown on-chain entity has incurred a massive loss of wrapped Ethereum (ETH) tokens worth $36 million after mistakenly authorising a malicious transaction. In an X post on Friday, October 11, blockchain analytics platform Lookonchain revealed that an entity, suspected to be linked to the crypto venture capital firm Continue ...
Almost half of hedge funds known to invest in traditional asset classes have ventured into cryptocurrencies, per the published report of a survey by the Alternative Investment Management Association and PricewaterhouseCoopers. According to the report, 47% of hedge funds traditionally focused on conventional assets now invest in cryptocurrencies, up from ...
Ripple is making its entry into the crypto custody market with its latest product offering: a suite of new services aimed at helping financial institutions manage digital assets on behalf of their clients. As reported by CNBC on October 10, the San Francisco-based blockchain company seeks to establish its newly ...
The recent criminal charges against Aleksei Andriunin, CEO of market-making firm Gotbit, for allegedly orchestrating a $42 million crypto market manipulation scheme have sent ripples through the industry. However, analysts believe that the eventual fallout could yield positive developments for the sector. As previously reported, Andriunin and Gotbit are facing ...
