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Italy's Deputy Finance Minister Maurizio Leo has said the nation will raise taxes on capital gains on cryptocurrencies such as Bitcoin to 42% from 26%, according to Reuters and Bloomberg.

For years, the industry has created and lost value without establishing real business models. It’s time to demonstrate that we’re on the path to turning blockchains and the applications built on them into real businesses, says Azeem Khan.

After Tuesday’s surprising disclosure of a $161 million allocation from the State of WIsconsin, more investment whales turned out to have been part of the unprecedented success of the ETFs.

Former Twitter CEO turned crypto entrepreneur Jack Dorsey is no longer a board member at BlueSky, the social network startup that he started backing in 2019 in an effort to decentralize social media.

Dorsey, who led the social media platform from 2015 to 2021, developed a strong interest in crypto during that time and is now fully focused on the sector.

The payments firm announced the news alongside its first quarter earnings report on Thursday afternoon.

The company plans to drastically reduce its headcount throughout 2024 through a series of layoffs and reorganizing measures.

The company's shares fell after reporting third quarter sales that missed estimates by 4%.

The firm also completed the development of its three-nanometer mining chip, which it had been working on since April 2023.

The trial was expected to resume on Oct. 11 but is now set to resume next week after defence lawyers requested that the case be heard sooner.