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The Italian government has proposed hiking capital gains tax on Bitcoin and other cryptocurrency profits to 42% from 26% in a move that shocked local investors.  The government announced the tax hike as a part of its 2025 budget proposal to generate extra revenue to support public services. Deputy Minister Maurizio Leo told a press conference that it is needed to address the country’s budget shortfalls. Crypto Capital Gains Tax Would Be One Of The Highest In Europe If implemented, the tax would be one of the highest in Europe on crypto profits, and it prompted harsh criticism from the community on social media platforms. “It’s a death move to increase taxes as that only serves to detract wealth and new ideas,” said macro trader and investor Jason Pizzino on X. “Italy is a dying state.” Italy is a dying state. It's a beautiful IRL museum to visit as a tourist. Note that I am an Italian citizen. I love the place. But no one cares if they rai...

The Sun Token price (SUN) dropped more than 8% in the last 24 hours after Tron founder Justin Sun announced a 100% on-chain buyback and burns program for meme coin launchpad SunPump. Following the steep price drop, SUN traded at $0.03121 as of 8:40 a.m. EST. Despite the pullback, the crypto is still in the green by more than 291% on the monthly time frame, according to CoinMarketCap data . Justin Sun Announces Buyback And Burn Initiative For SunPump Sun announced that the Tron meme coin community has decided to implement a 100% buyback and burn program for SunPump . This decision follows a discussion within the community that moved away from initial intentions to burn tokens from liquidity pools, according to the Tron founder. Regarding the issue of revenue buyback and burning for @sunpumpmeme , the community previously suggested burning liquidity LP tokens because this approach is used by mainstream meme tokens like SHIB. Burning LP tokens has several advantages, including incr...

Bitcoin (BTC) miner s have achieved a new revenue milestone from validating transactions, following the 2024 halving. As Bitcoin fees surge, these miner s are making high earnings, sparking discussions about the future dynamics of the network. Following the recent Bitcoin halving on April 20, 2024, miner revenue surged to an all-time high of $106.7 million , with 75.444% of it stemming from network transaction fees. This highlights a pivotal shift in miner compensation strategies post-halving. Percent Miner Revenue from Fees. Source. Glassnode Surge in revenue amidst reduced block rewards The recent halving, which took place on April 20, 2024, drastically reduced the block reward from 6.25 to 3.125 Bitcoin. This strategic adjustment is designed to slow the increase of the total Bitcoin supply, which is capped at 21 million coins. Picks for you SHIB key support and resistance levels to watch this week 3 mins ago Buy signal for two strong cryptocurrencies this ...