Italy is set to trim its planned tax increase on crypto capital gains, <a href=”https://www.reuters.com/markets/currencies/italy-scale-back-tax-hike-cryptocurrency-capital-gains-lawmakers-say-2024-12-10/” target=”_blank”>Reuters reported on Tuesday</a>. Two months ago, the government was intent on raising the tax <a href=”https://www.coindesk.com/policy/2024/10/16/italy-to-raise-capital-gains-tax-on-crypto-to-42-from-26-reports” target=”_blank”>to 42% from 26%</a> by the end of December. “The tax increase will be significantly reduced during the parliamentary work,” lawmakers Giulio Centemero […]
Magic Eden’s $5B Token Airdrop Raises Crypto Wallet Security Questions
Early traders of NFT marketplace Magic Eden’s new token ME had a lot to be thankful for – if they could access their airdrops, that is. In the first minutes of trading Tuesday, the token’s fully diluted valuation hit $15 billion. But as more claimants managed to process their airdrops – and in some lucky […]
El Salvador and Argentina Regulators Sign Agreement to Help Develop Crypto Industry
El Salvador and Argentina are partnering to help develop the crypto industry in Latin America. Juan Carlos Reyes, El Salvador’s top crypto regulator and president of the Comisión Nacional de Activos Digitales (CNAD), and Roberto Silva, the president of the Comisión Nacional de Valores of Argentina (CNV), on Tuesday signed an agreement for the two […]
Illia Polosukhin: A Crypto+AI Pioneer
There are many in the Web3 space who have only recently jumped into AI. Illia Polosukhin isn’t one of them. Long before he co-founded the decentralized app blockchain protocol NEAR, Polosukhin worked at Google as an AI researcher and co-wrote the seminal 2017 paper “<a href=”https://openreview.net/forum?id=H1ZGYPb_ZS&referrer=%5Bthe%20profile%20of%20Illia%20Polosukhin%5D(%2Fprofile%3Fid%3D~Illia_Polosukhin1)” target=”_blank”>Attention is All you Need</a>,” which is widely credited […]
BlackRock’s Bitcoin ETF Drops Most in 4 Months Amid Quantum Computing FUD
BlackRock’s spot bitcoin (<a href=”https://www.coindesk.com/price/bitcoin/ ” target=”_blank”>BTC</a>) exchange-traded fund (ETF), tickered IBIT on Nasdaq, dropped on Tuesday as the overheated crypto market cooled and unfounded concern that bitcoin’s security might be compromised by quantum computing percolated across social media. IBIT’s price fell 5.3% to $54.73, the biggest single-day drop since early August, according to data […]
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