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Visa is a leading company providing payment services worldwide and now they have partnered with Coinbase which is a leading crypto exchange. This partnership is good for the crypto industry and expect that with this collaboration, things will be better in the crypto space. This will make money movement easy and a Visa debit card, will make trading easier.
Italy is going to increase taxation for crypto users and it will be 42% if the change happens. Currently, its 26% and this is a big increase in the tax rate and will surely impact the industry. Italy's Finance Minister Giancarlo Giorgetti has shared about it and he is recommending this increase where a 42% tax will be applicable for Capital Gains on Crypto income.
Immutable is a popular web3 gaming project and now this project has served a Wells notice from the regulator which is the Security and Exchange Commission. As per SEC their token is a security and similar scenario we have seen with some other projects also and XRP is also the one. The project has shared the update with the community on Social media and confirmed that they will fight back.
In the crypto market, we see different trends from time to time. Its important that we keep a tab on such trends to gain more profits. These days a new trend is there and its called DePIN. This can be a good option for passive income provided it fits as a good project after the study and research. GRASS is one of the projects that is getting more attention these days and its APR is sky high this time. This may be a good project to explore more about DePIN and see if this segment is worth exploring more for better earning opportunities.
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