Daily Crypto Oct. 21: Google Real-time Chart Available Again to Italy Plans to Raise Crypto Tax to 42%

Welcome to the OLE777 – Asia 1st Multiplatform Crypto Gaming in the Daily Crypto section. Today we will dig deep into the late popular crypto news: Google has reintroduced live price charts for Bitcoin and Ethereum after deleting it. Meanwhile, Tesla made headlines by moving $765 million worth of Bitcoin after two years of dormancy and Italy aims to raise its cryptocurrency tax to 42%.

Google Real-Time Price Chart Available Again

After briefly removing them, Google has brought back live price charts for Bitcoin and other cryptocurrencies in its search results. The removal had upset the crypto community, as the charts for Bitcoin, Ethereum, and other major cryptocurrencies were shifted to Google Finance’s website and app.

Now, users can search “Bitcoin price” or “Ethereum price” on Google to get real-time charts, a feature that had been available for seven years. This change provides quick access to crypto prices, which is especially helpful in a fast-moving market.

The crypto community has welcomed the return of these charts, though questions remain about whether the removal was a technical glitch or intentional.

After 2 Years Inactive, Tesla Transfer $765 M Bitcoin to Unknown Wallets

Almost all of Tesla’s Bitcoin has been moved after two years of inactivity. According to Arkham Intelligence, the company transferred around $765 million worth of Bitcoin on Tuesday to unknown wallets, leaving just about $6. These new wallets do not seem connected to any crypto exchanges, so it’s unclear if Tesla plans to sell its Bitcoin.

Tesla first bought $1.5 billion in Bitcoin in 2020 but sold about 10% in early 2021. By July 2022, it had sold 75% of the remaining Bitcoin when the price was around $24,000. Tesla still holds a portion, which has increased in value with Bitcoin now worth $66,500.

The company’s stance on Bitcoin has fluctuated, including briefly accepting Bitcoin for car purchases in 2021 before stopping due to environmental concerns.

Italy Plans to Raise Cryptocurrency Tax to 42%

Italy plans to raise taxes on cryptocurrency gains, increasing from 26% to 42%, according to Deputy Finance Minister Maurizio Leo. This decision targets assets like Bitcoin, as the digital currency trend continues to grow. The move aims to boost revenue for Italy’s 2025 budget through the enhanced digital services tax.

Despite this tax change, bitcoin’s value remained strong. Its price continued to climb, marking a week-over-week gain of over 12%, and surpassing $68,000 for the first time since July.

This adjustment highlights the government’s response to the expanding cryptocurrency market, with an effort to regulate and capture additional revenue.

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