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After Portugal, another European country is set to tighten cryptocurrency regulations and further expand taxes on cryptocurrency trading. A provision in Italy’s 2023 budget plan seeks to impose a staggering 26% tax on capital gains derived from cryptocurrency trading. However, this tax slab will be applicable if the crypto earnings are more than 2000 Euros…

About 72.43% of the community votes opposed CoinShares’ proposal to invest MakerDAO funds in various traditional assets. Decentralized lending protocol MakerDAO has voted against crypto investment firm CoinShares’ proposal to invest between $100 million and $500 million of community funds in a portfolio of corporate debt and government-backed bonds for yield as an investment strategy….

KRA Proposes Laws for Crypto Regulations The Kenyan National Assembly received a bill calling for the regulation and taxation of cryptocurrency trading in Kenya today, November 21, 2022. According to a report by Business Daily Africa, the bill, if passed, will allow the Kenya Revenue Authority (KRA), the Kenyan government’s revenue collection agency, to collect…

The US House Financial Services Committee plans to investigate the FTX collapse, according to a joint press release issued by committee chair Maxine Waters and Representative Patrick McHenry. In addition, a congressional hearing is scheduled for December, according to the joint statement. Bipartisan congressional hearing to be held in December on fallout from FTX On…

Lionel Messi, one of the biggest stars in Argentine football, announced his involvement as an investor and brand ambassador in Sorare, an NFT (non-fungible token) game. Sorare hopes that Messi’s presence will improve the way the company interacts with users, setting new standards in this regard. Financial details of the deal were not disclosed. Lionel…

U.S. peer-to-peer payments firm Circle has transferred some of its USD Coin (USDC) stablecoin reserves to a fund controlled by $10 trillion asset management firm BlackRock. In a blog post written by Circle CFO Jeremy Fox-Geen, the stablecoin issuer says it is working to minimize liquidity, counterparty, operational and reputational risks to ensure USDC holders…

Revolut, which is a British fintech and banking company, has decided to launch a new feature called “spend with cryptocurrencies”. This feature helps convert customers’ crypto balance into fiat money. This will essentially make it faster for Revolut cardholders to sell their crypto assets and funnel money to their credentials in real time to pay…

Walmart’s global chief technology officer has revealed the role of cryptocurrencies in the retail giant’s future. “Cryptocurrency will become an important part of the way customers transact,” the executive said. “We want to make sure there is no friction for customers to be able to transact.” Executive talks about cryptocurrencies in the future of Walmart…

Scam is such a strong word in today’s world. Why is this the case? It is because scams are rampant in every corner of the world and in every industry where finance is involved. Unfortunately, bad actors are actively working to trick people into stealing their funds, as the cryptocurrency community has witnessed in recent…