#crypto

This month, the UK government will present targeted regulatory proposals to create a favorable environment for crypto startups in the United Kingdom.

Revolut, the crypto-focused neobank, is scaling up its exchange platform, Revolut X, to cover 30 new countries in the European Economic Area (EEA). Aimed at seasoned crypto traders, the platform now includes regions like Belgium, Cyprus, Denmark, among others.

President-elect Donald Trump released a statement announcing that Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency (DOGE) to “make changes to the federal bureaucracy”.

The Italian government, led by Giorgia Meloni, is likely to reconsider its proposed cryptocurrency tax hike in next year’s budget, potentially reducing it from 42% to 28%. Currently, the tax rate stands at 26%.

BitMEX co-founder and crypto analyst Arthur Hayes reflected on Donald Trump’s victory in the presidential election, predicting major economic changes.

A 23-year-old Ukrainian man was robbed of 8 M baht (about $222,000) in Phuket, Thailand on Friday, Bangkok Post reports.

Bitget Wallet, a non-custodial crypto wallet by Bitget, is leading an initiative to advance crypto projects within Telegram. Together with the venture fund Foresight Ventures, Bitget has allocated $20 million to support developers of Mini Apps on Telegram.

A Chinese government official with significant cryptocurrency investments was recruited by foreign spies and sold state secrets to cover his crypto-related losses. Wang Moumou received over 1 million yuan for his activities but was ultimately sentenced to life imprisonment for espionage.

Xiao Feng, the chairman and CEO of the investment company HashKey Group, believes China may reconsider its approach to crypto now that Donald Trump has won the election.

Leading U.S. crypto exchange Coinbase has launched the Coinbase 50 Index, also called Coin50, as its new market benchmark.

Donald Trump is not only considering new candidates for SEC Chair but is also planning to establish a cryptocurrency advisory council.

Crypto data analytics platform Dune announced the acquisition of smlXL, another blockchain data provider.

The wealth of prominent crypto entrepreneurs saw a sharp increase following Donald Trump’s recent election victory, as shares in cryptocurrency companies rallied in anticipation of the newly elected U.S. President's promised pro-digital assets policies.

Mark Uyeda, a Commissioner of the US SEC (Securities and Exchange Commission) and lead chair candidate says the war on crypto will end under Donald Trump’s administration.