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The German government has ruffled the feathers of the crypto community over the past week, moving vast amounts of seized Bitcoin to exchanges. The transfers, coupled with Mt. Gox repayments have created a jumpy market, with Bitcoin dropping to its lowest levels since February, according to data from CoinMarketCap. In protest, one Bitcoin user decided to show their contempt, sending an inscription to the German government’s address that read ‘STEUERN SIND RAUB,’ which Google translates as ‘ TAXES ARE ROBBERY .’ The inscription was spotted by crypto analytics platform Arkham. Interesting inscription sent to the German Government pic.twitter.com/9Eu22b8wr2 — Arkham (@ArkhamIntel) July 9, 2024 Read more: German MP Joana Cotar holds BTC and says the government should stop selling ‘Inscriptions’ are a way of including arbitrary data within Bitcoin transactions, which is then permanently ‘inscribed’ onto a Satoshi, the smallest denomination of bitcoi...

Prime Minister Justin Trudeau proposed a hike in capital gains tax of up to 66% earlier in 2024 to alleviate the financial pressure the housing market is putting on Canada’s citizens. This hike would include capital gains on stock trades and cryptocurrency sales, with an aim to bring in as much tax revenue as possible. However, citizens and companies alike are protesting the increase, and they are facing backlash. Even gains that weren’t previously taxed, such as approximately CAD 54 million ($39 million) in crypto currency taxes , might be targeted under the proposed hike. Picks for you Is the meme coin mania back to crypto? 14 mins ago We asked ChatGPT-4o what will be Bitcoin price at the end of 2024; Here’s what it said 30 mins ago Tether freezes $5 million in USDT amid phishing concerns 2 hours ago Ripple dumps 75% of May XRP reserves in a single sell-off 2 hours ago Undisclosed gains from crypto amount to $40 million The Canada Revenue...