🚀 Italy's Deputy Finance Minister, Maurizio Leo, announced a tax hike on crypto capital gains from 26% to 42%! This bold move aims to boost revenues as digital assets like Bitcoin gain traction. Despite the tax increase, Bitcoin (BTC) remains resilient, soaring over 12% this week and breaking the $68,000 mark for the first time since July! 📈
What do you think about Italy's new tax policy? Will it impact your crypto strategies? Share your thoughts below! 💬
#CryptoNews #Bitcoin #Italy #CryptoTax #BTC
What is Popcat memecoin?
Popcat is a meme coin project developed
on the Solana platform, inspired by the famous 2020 "Oatmeal Cat" meme
featuring the cat's "O-shaped mouth." The
meme shows the cat in two different
poses: one with a closed mouth and one
with an "O-shaped" open mouth, creating a fun visual transition, similar to a "pop"
sound. This simple concept made the
meme go viral and became the creative
inspiration for the Popcat meme coin.
In December 2023, Popcat officially launched as a meme coin in the community.
Why did Popcat attract the community's attention?
The origin of Popcat.
Popcat originated from the online game Popcat Click, a simple game where players click to create the "Pop" sound from the image of the cat. During the Covid-19 pandemic, when people spent more time at home, the game became a light form of entertainment and attracted a large number of players.
By connecting an online game with a meme coin in the Web3 world, Popcat successfully built a vibrant online community, maintaining interaction and increasing its project recognition.
A different approach compared to other meme coins.
In December 2023, most of the meme coin community's attention was focused on dog- themed projects, with the most prominent being Dogwifhat and Bonk both of which - belong to the Solana ecosystem and have a market capitalization of over $1 billion.
However, Popcat chose a unique direction by adopting the Oatmeal Cat image, creating a distinct contrast and sparking curiosity among cat-themed meme lovers.
Basic information about POPCAT Token.
• Token Name: Popcat
• Token Symbol: POPCAT
• Blockchain: Solana
• Smart Contract: 7GCihgDB8fe6KNjn2MYtkzZcRjQy3t9GHdC{
• Listing Date: 3/7/2024
• Price (16/10/2024): $1.2
• Market Cap: $1.2 billion
• Fully Diluted Market Cap: $1.2 billion
• Total Supply: 979,978,670
• Max Supply: 979,978,670
• Circulating Supply: 979,978,670
🚨 **Crypto Tax Alert in Italy!**
Italy's Deputy Finance Minister, Maurizio Leo, announced a significant tax hike on capital gains from cryptocurrencies like Bitcoin, raising it from 26% to 42%. This move aims to capture more revenue as digital assets gain popularity. Despite the tax increase, Bitcoin's price remained unaffected, continuing its upward trend with a 12% week-over-week gain, now above $68,000 for the first time since late July.
What do you think about this tax hike? Will it impact your crypto investments? Share your thoughts in the comments! 💬
Read More: Here’s How EU Nations Are Preparing to Enforce MiCA
🚀 Ethereum Validators Soar! 🚀
- Ethereum validators surged over 30% in the past year, topping 1 million in June 2024, up from 824,300 in September 2023. 📈
- Flipside Crypto's Carlos Mercado credits this to institutional interest in liquid staking and restaking.
- Liquid staking lets institutions bypass Beacon Chain withdrawal periods, while restaking boosts capital efficiency.
- Staked Ether also grew 27%, hitting 34.7 million ETH, driven by the Shanghai upgrade and Ethereum ETFs.
- Polygon's staking activities are up 36.4%, though validator numbers remain capped.
The crypto world is buzzing! 🌐
🚀 **Bitcoin Treasure Hunt: Legal Drama Unfolds!** 🚀
- James Howells, the British man who lost his Bitcoin-laden hard drive in a Newport landfill, is taking Newport City Council to court.
- Howells seeks permission to excavate the landfill or receive damages for his 8,000 BTC, now worth over $647 million.
- The council has repeatedly refused his requests, citing environmental concerns.
- Howells argues his excavation plan would clean up the landfill at no cost to taxpayers.
- The case will be heard on Dec. 3. Will Howells finally dig up his digital gold? Stay tuned!
🚀 **Lost Bitcoin Treasure Hunt: Legal Drama Unfolds!** 💰
James Howells, the man who famously lost a hard drive with 8,000 BTC in a Newport landfill, is taking legal action against Newport City Council. After years of being denied permission to dig, Howells is seeking either damages or the green light to excavate.
- Howells argues the council's environmental concerns are baseless.
- He claims his excavation plan would also clean up the landfill.
- The council remains firm, citing environmental risks.
What do you think? Should he be allowed to dig? Drop your thoughts below! 👇
🚀 Crypto News Flash! 🚀
- SHIB whales are pushing for Shiba Inu to hit $0.1, but the spotlight is on WallitIQ, an AI-driven DeFi wallet in presale. Investors are flocking to secure WallitIQ tokens, anticipating an 8,000x rally!
- WallitIQ offers 24/7 support, low gas fees, and a “Scan and Pay QR” system. Early investors can buy tokens at $0.0171 and enjoy perks like 180% APR and airdrops.
- Shiba Inu has seen a 32% rise this month but struggles to regain its peak momentum.
💬 What do you think about WallitIQ's potential? Share your thoughts below!
**Ethereum Validators Surge Over 30% in a Year**
Ethereum is seeing a boom in validators, with numbers jumping over 30% in the past year. As of June 2024, Ethereum boasts over one million validators, up from 824,300 in September 2023, according to Flipside Crypto.
**Key Drivers:**
- **Institutional Interest:** Institutions are diving into Ethereum, driven by advancements in restaking and liquid staking.
- **Liquid Staking:** Offers immediate liquidity and capital efficiency, attracting more participants.
**Staked Ether Growth:**
- **Shanghai Upgrade:** Enabled unstaking for the first time since Ethereum's transition to Proof-of-Stake.
- **Ethereum ETFs:** Boosted interest, pushing staked Ether past 34.7 million.
**Polygon Joins the Trend:**
- **Staking Activities:** Polygon’s staking wallets grew by 36.4% over the past year, though validator numbers remained stable due to a cap.
This cross-chain growth indicates a robust interest in staking, despite potential for reduced returns.
🚀 **Crypto News Flash!** 🚀
Investors are pivoting to a new AI-driven cryptocurrency, spurring a sell-off in established tokens like Solana (SOL) and Uniswap (UNI). Could this new coin be the next big thing? Dive into the factors behind this trend and discover which cryptocurrencies are poised for significant growth.
**CYBRO: The Game-Changer**
- CYBRO is revolutionizing DeFi with AI solutions on the Blast blockchain.
- Already raised $3M in presale, with experts predicting 1200% growth.
- Offers 10% staking rewards, airdrops, and reduced trading fees.
**Solana & Uniswap: The Old Guards**
- Solana: Scalable foundation for decentralized apps, but facing competition.
- Uniswap: Empowers users with governance and decentralized trading.
💬 What do you think? Is CYBRO the future? Comment below!
Traders Bet On Dogecoin Price If Trump Wins The Elections
Traders are betting that the price of DOGE will surge higher if Donald Trump wins the U.S. presidential elections. In the past, DOGE has been mainly driven by meme hype, but this time, it is more likely to be influenced by real-world events such as the Elections.
The shift in sentiment marks a notable change in Dogecoin’s market dynamics, reflecting the cryptocurrency space’s maturing beyond speculation and fun. The recent spike in Dogecoin price was accompanied by a 30% surge in open interest (OI) over the last 24 hours.
The simultaneous increase in OI and price suggests traders are entering Long positions on Dogecoin. This is further confirmed by the Coinglass Liquidation Map, which shows over $64 million worth of Longs, compared to $13.61 million in Shorts over the past 24 hours.
This imbalance signals that bullish sentiment is dominating the Dogecoin market since traders anticipate the price will rise higher in the future.
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💥💥 Kamala Harris Falls Short on Crypto Policy During Pennsylvania Campaign 🙆🙆
On Monday, U.S. Vice President and Democratic presidential candidate Kamala Harris campaigned in Pennsylvania, with many expecting her to unveil her stance on cryptocurrency regulation. Pre-speech materials indicated that Harris planned to support a regulatory framework for digital assets. However, to the disappointment of many, her speech focused solely on promoting an "opportunity economy" without directly addressing cryptocurrencies or blockchain technology.
Harris’ Missed Opportunity to Engage the Crypto Community
Earlier in the day, Harris’ campaign revealed a broad opportunity economy agenda, with a nod toward policy on digital assets. Yet, her speech fell short of delivering any concrete details about cryptocurrency or blockchain—terms she had referenced in the past. Instead, she emphasized a future where everyone can "compete and have a real opportunity not just to make ends meet, but to save money."
The lack of a substantive mention of cryptocurrency regulation left many in the crypto space feeling let down.
Aiming to Appeal to African-American Voters
According to a campaign press release, Harris' opportunity economy plan seeks to expand her support among African-American men. The statement noted that over 20% of African Americans currently own or have owned cryptocurrency. Her plan, it claimed, would provide a regulatory framework that protects these investors and ensures they benefit from digital assets.
The release reiterated that Harris recognizes the potential of new technologies, including blockchain, to broaden access to financial services. However, this policy framework was not elaborated upon in her Pennsylvania speech, raising concerns about the campaign’s commitment to meaningful engagement with the cryptocurrency community.
#BNSOL #GrayscaleConsiders35Cryptos #BTCBreaks66K #MemeCoinTrending #BTCUptober
CryptoRand, a crypto market data aggregation and analysis platform, released the September global crypto app download rankings on October 16. Binance ranked first with 9.9 million downloads. It was followed by Bitget Wallet, Bybit, Bitget and OKX, with 5.8 million, 4.5 million, 2.9 million and 2.6 million downloads respectively. Trust Wallet and MetaMask also ranked high.
🚀 **Breaking Crypto News!** 🚀
MoonPay partners with Ripple to enable direct XRP purchases! 🤑
- As of Oct. 16, MoonPay users can now buy, manage, and store XRP directly within their accounts.
- XRP joins other big names like BTC, ETH, and USDT on the platform.
- Users can buy crypto using credit cards, Apple Pay, Google Pay, and PayPal in supported regions.
- This partnership follows Ripple naming MoonPay as an exchange partner for its upcoming stablecoin RLUSD.
- MoonPay recently secured AUSTRAC approval, expanding its services in Australia.
What do you think about this partnership? Share your thoughts below! 👇
💥 Worried about why *Bitcoin* is surging while *Altcoins* seem stuck? Let's break it down! 📉
When Bitcoin takes off, Altcoins tend to pause or even take a slight dip. It’s actually super common! 🧘♂️ While Bitcoin was consolidating, Altcoins had their moment to shine, and now it’s Bitcoin's turn to move the market.
💡 Here’s the game plan: Once BTC settles down and starts consolidating again, Altcoins usually get their boost. It’s all about market cycles and timing!
Remember, the entire market is run by algorithms! 🤖 These algos control the ebb and flow, so instead of worrying, let's use this knowledge to our advantage.
🔎 Keep an eye on *BTC dominance*—it’s a key factor in predicting when Altcoins might make their next big move! 📊
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🚀 Top 5 Gainers: Blockchain Projects and Fan Tokens Soar! 💥
Today's market is buzzing with some impressive gains, especially in blockchain infrastructure and fan tokens. Let’s dive into the top 5 movers:
1. Ark (ARK) – $0.6185 (+23.85%)
Ark, known for its flexible blockchain framework, is leading the pack with a massive 23.85% gain. Ark's ability to connect blockchains is gaining attention and pushing its price higher.
2. Scorum (SCR) – $1.40 (+14.85%)
Scorum, a blockchain project focused on sports and entertainment, is up 14.85%. Its unique platform for sports enthusiasts is helping it gain momentum in the crypto space.
3. Storj (STORJ) – $0.5907 (+13.75%)
Storj, a decentralized cloud storage platform, is seeing a 13.75% rise today. As demand for decentralized storage grows, Storj is becoming a key player in the space.
4. MetisDAO (METIS) – $43.98 (+12.91%)
Metis, a Layer 2 scaling solution on Ethereum, is up 12.91%. As Layer 2 projects continue to solve Ethereum’s scalability issues, Metis is gaining traction in the market.
5. FC Barcelona Fan Token (BAR) – $2.09 (+12.18%)
BAR, a fan token for FC Barcelona, is up 12.18%. Fan tokens are gaining renewed interest as they provide unique experiences and rewards for loyal fans.
From blockchain infrastructure to sports fan tokens, today's market is full of exciting growth! 🚀
#ARK #SCR #STORJ #METIS #BAR