Italy Reduces Proposed Crypto Tax Rate Increase
The Italian government is reportedly considering a smaller increase to its capital gains tax on cryptocurrencies, aiming for a 28% rate instead of the previously discussed 42%. According to a Bloomberg report dated Nov. 12, the administration under Prime Minister Giorgia Meloni is inclined to support a 28% crypto tax rate, which represents a modest […]
Solana Surpasses Ethereum’s Economic Activity for the First Time in October
The Solana network has been steadily closing in on Ethereum, with key metrics indicating significant gains in market share and revenue throughout 2024. A recent report from Syncracy Capital, a hedge fund, highlighted Solana’s rapid ascent, showing that it now rivals Ethereum across many major economic indicators. Released on Nov. 12, the report notes consistent […]
Trump Enlists Elon Musk and Vivek Ramaswamy to Launch ‘DOGE’ Plan for Government Downsizing
President-elect Donald Trump has tapped Elon Musk and Vivek Ramaswamy to head a new agency, the Department of Government Efficiency (DOGE), with a mission to cut federal spending and streamline regulations. According to Trump, the agency will aim to “dismantle government bureaucracy, reduce regulatory burden, eliminate wasteful spending, and restructure federal agencies for greater efficiency.” […]