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The cryptocurrency market surged to $3.1 trillion, nearly equaling France’s GDP, positioning it as the eighth-largest “economy” globally. On November 12, Bitcoin led the rise, increasing nearly 25% over the week. If cryptocurrencies were considered a national economy, they would rank between France ($3.17 trillion) and Italy ($2.38 trillion), based on IMF data. The only […]

Bitcoin’s market capitalization has surpassed $1.7 trillion, overtaking silver, which currently stands at $1.711 trillion as of November 12. Bitcoin’s market cap reached $1.736 trillion, moving silver to 11th place among global assets by market value. In comparison, the Vanguard Total Stock Market ETF, at $1.733 trillion, briefly surpassed silver before dropping to 9th position. […]

Italy is set to reduce its proposed cryptocurrency tax from 42% to 28%, aiming to foster a more favorable environment for crypto investors. This adjustment follows concerns from industry representatives that the original 42% tax rate would discourage investment and make Italy less competitive in the crypto sector. Prime Minister Giorgia Meloni’s coalition government, particularly […]