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Bitcoin’s price predicted to hit $70,000 this October with a 40% surge in betting odds on Polymarket. There’s a 70% chance for a new all-time high (ATH) in 2024 according to separate market contracts. U.S. presidential election dynamics are contributing to the bullish crypto market sentiments. The Current Market Pulse As of mid-October 2024, the cryptocurrency market, particularly Bitcoin, is witnessing an unprecedented le…
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Italy proposes to increase crypto capital gains tax from 26% to 42%. The measure aims to generate additional revenue for social programs. Impacts on direct cryptocurrency investments vs. crypto financial products. Italy’s Bold Move in Cryptocurrency Taxation Deputy Economy Minister Maurizio Leo announced a drastic increase in the capital gains tax on cryptocurrencies, jumping from 26% to a staggering 42%. This move, part of Italy’…
SUI suspected insider selling
Allegations Surface Amidst Market Rally The crypto world has been abuzz with the news that the Sui Foundation has vehemently denied accusations of a $400 million insider sell-off during a significant price rally of the SUI token. This denial comes after the token experienced an impressive surge, with its value increasing by over 120% in the past month, reaching new highs and stirring both interest and controversy within the cryptocurrency co…
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World Liberty Financial is launching its token sale on October 15th, aiming to raise $300 million. Only whitelisted users meeting certain criteria are eligible to participate. The project has the backing of Donald Trump and some of his children. The sale coincides with heightened interest due to the upcoming US presidential election. Whitelist registration criteria remain a significant factor for investor participation…
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Uniswap launches Unichain testnet, promising one-second block times. Unichain to become part of Optimism’s Superchain ecosystem. The move signifies a major step towards scalable and efficient DeFi solutions. Uniswap’s Leap into Layer 2: Introducing Unichain This October 10, 2024, the world of decentralized finance (DeFi) witnessed a significant milestone with Uniswap announcing the launch of its Unichain testnet. This new layer 2…
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