Italy to impose 26% capital gains tax on crypto profits

Italy is planning to tighten regulations on digital currencies in 2023 by expanding its tax laws to include cryptocurrency trading, according to budget documentation released on Dec. 1. Included in its 2023 budget... Read more »

Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out

A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate.... Read more »

Shady meme coins blamed for spike in dead crypto projects in 2021

CoinGecko compiled dead token data on its platform since 2014, showing that 2021 was the biggest year for deactivated coins, coming in with 3,322 projects folding. Unusually, deep within crypto winter, the... Read more »

Crypto Traders Are Flocking to DeFi After FTX Exchange Implosion

Key Takeaways The decentralized futures platform GMX has seen an increase in use following the collapse of FTX. Last week, GMX registered a new all-time daily high trading volume of $1.17 billion.... Read more »

Socios boss’ goal? To knock crypto out of the park – Cointelegraph Magazine

What is a sports fan’s dream come true? To be the announcer at an AC Milan home game, in front of 75,000 roaring Rossoneri fans? To play a football match on the... Read more »

Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand

Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity... Read more »

Brazil set to recognize Bitcoin for payment, Kraken layoffs 30% of workforce

The biggest news in the crypto-verse for Nov. 30 includes Kraken laying off 1,100 staff as crypto winter bits hard, Binance expanding to Japan with the acquisition of Sakura Exchange BitCoin (SEBC),... Read more »

Legal professionals astonished as SBF admits failures, apologizes 12 times in interview

Former FTX CEO Sam Bankman-Fried apologized or admitted failure at least 12 times during his appearance at the New York Times’ DealBook Summit on Nov. 30.  In a wide-ranging video interview, Bankman-Fried... Read more »

Defi Platform Moola Exploited for $8.4 Million in Incident Described as ‘Incredibly Simple Attack’

Moola, a decentralized finance (defi) lending and borrowing platform, was recently exploited for $8.4 million in what has been described as an “incredibly simple attack.” Moola responded to the attack by pausing... Read more »

No, Wrapped Ethereum Isn’t In Trouble. Here’s Why

Key Takeaways Crypto Twitter has been sharing jokes about wETH being exploited or losing its peg. At least one media publication—Bloomberg—took the jokes at face value. Wrapped Ethereum does not have a... Read more »