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Italy will raise capital gains tax on Bitcoin (BTC) from 26% to 42%. The development could lead to crypto investors leaving the country or looking for other avenues. JUST IN: Italy to raise capital gain tax on #Bitcoin from 26% to 42%. — Watcher.Guru (@WatcherGuru) October 16, 2024 Also Read: Cardano Price Prediction: Will ADA Drop Below $0.25? Experts Weigh In Italy revealed its draft budgetary plan (DBP) on Wednesday, which included new revenue-raising plans. The move to increase Bitcoin (BTC) taxes comes with the nation’s decision to raise 0.2% of gross domestic product (GDP) or roughly 4 billion euros ($4.35 billion) in 2025. The country plans to raise money from new tax rules for banks, insurance products, and gaming business licenses. With a 42% capital gains tax on BTC, Italy is now among the highest-taxed nations in the world. Why is Italy Raising Taxes On Bitcoin? Inflation in the country fell below 1% in September, putting more pressure on the European Central Ban...

The day that the economy has long awaited has finally arrived as the US Federal Reserve has opted to cut interest rates by 50 basis points in a monumental development. The move is a massive moment for the US economy, as it sees the Central Bank cut rates for the first time in four years. The decision came after a two-year-long tightening campaign was implemented to continue fighting stubborn inflation rates. Although those figures had yet to retreat to the 2% target, the headway made regarding inflation had empowered the Fed to finally institute a rate cut. Now, all eyes are on how the economy will respond to the long-awaited development. BREAKING: Federal Reserve cuts interest rates by 50bps for the first time in 4 years. — Watcher.Guru (@WatcherGuru) September 18, 2024 Also Read: Federal Reserve Leaves Interest Rates Unchanged in July 2024 Federal Reserve Cuts Interest Rates For the First Time in 4 Years For much of the last month, all eyes were on the Federal Reserve’s Septemb...

Amid his continuous warnings about the looming financial collapse that he believes will strike the United States, as well as the rest of the world, Robert Kiyosaki has recently issued a word of caution to people saving money in U.S. dollars, telling them they are in “serious trouble.” Indeed, the popular investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ opined that dollar savers were in trouble, as he discussed the economy with Miles Franklin Precious Metals founder Andy Schectman for an episode of The Rich Dad Channel on August 14. Why dollar savers are in trouble According to Kiyosaki, the USD “gave the power to the stock market to go through the roof, and when they talk about the bubble, the three-times bubble, it’s stocks, paper assets, real estate, and the dollar is going to crash,” and he has warned people with savings in the American fiat currency: Picks for yo...

Bitcoin’s (BTC) price surged by $3,000 following the latest U.S. Consumer Price Index (CPI) report for April, which indicated a slowdown in inflation , boosting investor sentiment towards risk assets. The U.S. Bureau of Labor Statistics reported a rise in consumer prices by 3.4% in April year-over-year, a decrease from March’s 3.7%.  This slower inflation rate has influenced a positive shift in market dynamics, with major stock indices reaching new highs and cryptocurrency prices, including Bitcoin and Ethereum (ETH), seeing significant upticks. Picks for you Crypto trader turns $155,000 to $1.16 million in two days 35 mins ago Buy signal? XRP whales stack $55 million in two weeks 2 hours ago 2 cryptocurrencies to reach $100 billion market cap in the first half of 2024 2 hours ago IShowSpeed's net worth revealed: How rich is the young streamer? 4 hours ago   U.S. CPI chart. Source: Bureau of Labor Statistics This data, provided by ...

Amidst the strong performance of the stock and crypto market, Robert Kiyosaki, the acclaimed investor and author of the best-selling personal finance book ‘ Rich Dad Poor Dad ,’ has decided to share some ominous what-if scenarios for dollar and hyperinflation.  More precisely, he pointed his finger at the White House, Federal Reserve, and Treasury and asked what if, instead of deflation, we had a case of hyperinflation and dollar crash due to their mistakes in his latest post on X on January 11. He said that is why he bought five more Bitcoin (BTC) on the same day as a failsafe mechanism. INFLATION or DEFLATION? What if the PhDs at White House, Treasury & Fed put economy into HYPERINFLATION? I hope not…but what if our leaders F’up, the dollar collapses and we have HYPERINFLATION? That’s why I bought 5 more Bitcoin today. What are you going to do? Trust your… — Robert Kiyosaki (@theRealKiyosaki) January 11, 2024 Just recently, Kiyosaki blamed U.S. President Joe Bi...

The Cosmos Hub ecosystem community has begun voting on a proposal to set the minimum inflation rate for the ATOM token at 0%. Voting has begun in the Cosmos Hub community to set the minimum inflation rate for the ATOM token at 0%. Almost 95% of community members are currently voting for the proposal, which began on Jan. 9 and will end on Jan. 23. Only 4.4% were against inflation of the project’s native token, and 0.1% of community members used the right of veto. Source: Mintscan Containing inflation can help preserve the value of the ATOM cryptocurrency. The token was under constant pressure from sellers, which led to price depreciation. Another negative factor the community hopes to eliminate is overpayments for security compared to other blockchains, which harmed the rewards in ATOM. At the same time, in November 2023, the Cosmos network voted for the maximum inflation level for the ATOM cryptocurrency. After this, ATOM inflation cannot exceed 10% per annum. This ...

Bitcoin clears $26,000 as U.S. consumer price index rises by 0.4% in Feb. 2023. The price of Bitcoin (BTC) saw a sharp uptick over $26,000 as the U.S. Department of Labor released the latest consumer price index (CPI) data for February 2023. CPI rose 0.4% last month on a seasonally adjusted basis, with the department noting that the all items index denoting inflation increased by 6% over the last year. CNBC reported that conventional markets were volatile following the release, while cryptocurrency markets reacted positively. Bitcoin saw a surge in price alongside Ether (ETH) according to data from Coinmarketcap. CPI measures the average change over time in prices paid by consumers for a basket of goods and services. It's calculated by the Bureau of Labor Statistics and is used as an indicator of inflation. CPI reflects spending patterns of consumers on items such as food, housing, transportation, clothing, medical care and recreation. It's used to adjust wages, benefits...