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Scottish-Salvadoran driver Sebastian Melrose made his Porsche Carrera Cup championship debut. The 25-year-old, who starred in a popular Netflix TV series last year, drives a Bitcoin-branded 911 that displays the flag of cryptocurrency-friendly El Salvador on its roof. Bitcoin Racing Team Joins Porsche Carrera Cup with Netflix Celebrity In Car British racing team Bitcoin Racing…

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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…