Author: NBTC
A House committee has moved to repeal the IRS’ controversial “DeFi Broker Rule,” arguing it would stifle innovation, overwhelm the agency with filings, and disadvantage U.S. crypto users. House Committee Blocks IRS DeFi Broker Rule The House Ways and Means Committee has voted to repeal the Biden Administration’s last-minute “DeFi Broker Rule,” arguing that the regulation would stifle innovation and harm American leadership in digital assets. This rule would have required decentralized finance (DeFi) providers to collect and report sensitive taxpayer information, a demand critics say is both impractical and damaging to the industry. Ways and Means Committee Chairman Jason…
Some withdrawals made by Turkish users from the cryptocurrency exchange Binance TR to their bank accounts appeared as rental income on the e-Government platform, causing confusion among users. In their posts on X, users state that even if they lose money in cryptocurrency transactions, when they withdraw money, the withdrawals appear as rental income in the system. While the debate and uncertainty regarding the withdrawal of Binance TR users, the Turkish arm of Binance, continues, a statement came from Binance TR: “Dear Users, We are aware of the confusion regarding tax information regarding crypto investments. We would like to state…
CleanSpark delivered an outstanding financial quarter, but its market performance didn’t reflect the same strength. This analysis breaks down key financials, operational insights, and strategic directions to understand the full picture. CleanSpark Executive Overview: Strong Execution Amid Market Ambivalence The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Feb. 20, 2025, it was penned by Bitcoinminingstock.io author Cindy Feng. While doing research for my Bitcoin Mining Annual Report back to Dec 2024, CleanSpark stood out with multiple key metrics, such as gross margin, hash rate…
The cryptocurrency market has experienced significant turbulence in early 2025, with Bitcoin falling from its all-time high of $109,000 in January to $82,000 by end of February. This 20% decline has left many investors wondering what factors are driving this bearish trend in the world’s leading digital currency. While Bitcoin has shown some recovery—trading at approximately $86,300 as of February 27—the market remains volatile and uncertain. This comprehensive analysis explores the key factors behind Bitcoin’s recent price drop and examines potential future scenarios. As of February 27, 2025, Bitcoin (BTC) is trading at approximately $86,373, reflecting a 3.08% decrease from…
Ethereum Crashes Below $2,500 as Bitcoin Dips Under $90K The crypto market has suffered a brutal crash, losing over 10% in the past 24 hours. Ethereum’s price plunged below $2,500, raising fears of further declines. Meanwhile, Bitcoin broke below the $90,000 mark, signaling more trouble ahead for the market. Analysts warn that Ethereum could potentially drop to as low as $1,800 if selling pressure continues. Why Is the Market Crashing? Several key factors have triggered this sharp downturn: SEC ETF Delays – The long-awaited approval of a spot Ethereum ETF by the U.S. SEC is still uncertain. The lack of…
In a significant development in the cryptocurrency market, a notable Solana (SOL) holder, often referred to as a “whale,” has made substantial adjustments to their investment positions, revealing a strategic shift that could hint at broader market movements. The whale in question has recently performed a large-scale operation involving the unstaking and transfer of a massive amount of Solana tokens. Specifically, the investor unstaked 236,568 SOL, valued approximately at $32.13 million. This action was closely followed by a substantial deposit, where 60,050 SOL (worth around $8.27 million) was transferred to Binance, one of the leading cryptocurrency exchanges. A whale unstaked…
Michael Saylor met with U.S. lawmakers to push for a structured digital asset framework, aiming to position the U.S. as a global crypto leader. Michael Saylor Pushes for US Crypto Leadership in Congressional Talks Michael Saylor, co-founder and Executive Chairman of software intelligence firm Microstrategy (Nasdaq: MSTR), met with the U.S. House Financial Services Committee on Tuesday to discuss digital assets and the country’s potential to lead the global crypto industry. During the meeting, which included Congressman French Hill, the committee’s chairman, Saylor presented a digital assets framework aimed at establishing a strong regulatory foundation for bitcoin and other cryptocurrencies.…
CME Group, the world’s largest derivatives marketplace, plans to introduce Solana (SOL) futures on March 17, expanding its suite of cryptocurrency derivatives, it said in a press release on Friday. The new contracts, pending regulatory review, will allow traders to manage SOL price risk with two contract sizes: 25 SOL and 500 SOL. “With the launch of our new SOL futures contracts, we are responding to increasing client demand for a broader set of regulated products,” said Giovanni Vicioso, CME Group’s Global Head of Cryptocurrency Products. The contracts will be cash-settled, using the CME CF Solana-Dollar Reference Rate, which tracks…
Block states that this is a solution to a multibillion-dollar problem waiting to happen. Owners of Bitkey, the company’s hardware wallet, will be able to link a partner address where the funds will be deposited six months after the owner’s death. Block Rolls out Bitcoin Inheritance Feature for Bitkey Users Block, the Bitcoin company co-founded and helmed by Jack Dorsey, has implemented a new feature that solves one of the biggest problems in the crypto space: inheritance. While fiat systems are usually identity-based, allowing for the transfer of assets to next of kin in case of death, bitcoin is different.…
UniLend is excited to announce its strategic partnership with Euler to redefine the landscape of AI multi-agent systems. This groundbreaking collaboration strives to open new autonomous technology doors along with decentralized finance (DeFi). This strategic alliance further aims to empower self-evolving intelligence. UniLend, a protocol in decentralized finance, witnesses this welcome through its official X account. The other ally, Euler, is an AI multi-agent platform. Welcoming @Euler_AI to our ecosystem!🎊🤖Euler is a SVM AI Layer, powering real-time #AI multi-agent systems that enable self-evolving intelligence.🤝 Through collaboration, we will explore and harness powerful synergies to propel cutting-edge innovation in the #AIAgents……