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Italy scales back plans to hike crypto tax rate: Report

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A Bloomberg report suggested Italian Prime Minister Giorgia Meloni could accept a proposal for a 28% tax hike on crypto rather than a 42% one.

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Coin Market

US government asks for $1M forfeiture from ex-Celsius exec ahead of sentencing

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Former Celsius chief revenue officer Roni Cohen-Pavon, scheduled to be sentenced on Thursday after a guilty plea, agreed to a judgment of $1 million that he obtained as a result of his crimes.

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Societe Generale deploys stablecoins on Canton for tokenized finance

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France’s SocGen plans to use its EURCV and USDCV stablecoins for tokenized collateral, repo financing and institutional settlement activity on the Canton blockchain network.

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Price predictions 5/13: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, ZEC, BCH

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Bitcoin’s pullback is expected to find support near $79,000, but every recovery attempt is likely to be sold into.

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