Author: NBTC

The U.K. government is working on a new tax framework that could give decentralized finance (DeFi) users a break. Under proposals published this week, HM Revenue and Customs (HMRC) signaled support for a “no gain, no loss” (NGNL) approach to crypto lending and liquidity pool arrangements. Under the current system, when a DeFi user deposits funds into a protocol, even if to monetize those funds or take out a loan against them, the move could be treated as a disposal and trigger capital gains tax. The move could defer capital gains tax until there is a true economic disposal. In…

Bitget Wallet, a popular finance app, now lets users in Nigeria and Mexico convert USDT and USDC into naira and peso, and send money to local bank accounts in minutes. This is the first major launch of direct stablecoin-to-bank transfers by a global crypto wallet in these countries. The move seeks to make crypto easier to use for everyday spending. Stablecoin Payments Meet Local Banking Rails With this new feature, Bitget Wallet users can pay merchants, send money to friends and family, or pay bills directly from their self-custodial wallet. No need for peer-to-peer markets or exchanges. The process works…

Soneium, by Sony Block Solutions Labs, is pleased to announce its partnership with IRC APP (previously known as YOAKE SPACE), an official app for IDOL RUNWAY COLLECTION, supported by TGC (IRC). This app is developed by YOAKE Entertainment. IRC APP alters how fandom can be recorded, rewarded, and valued in the market. YOAKE Entertainment, winner of Soneium Spark, has many entertainment companies working behind YOAKE entertainment, such as TWIN PLANET, ASOBISYSTEM, W TOKYO, Y&N Brothers, and Sony Group. IRC is also hosted by YOAKE entertainment company, which supports Japan’s largest Idol and fashion festival, and develops the IRC APP, supported…

Aave’s CEO and cofounder Stanley Kulechov has passed comment on the recently revealed outcome of the UK’s HMRC consultation on taxing DeFi activities that involve cryptoasset lending and staking. Published on November 27, 2025, the document mentions a proposal tagged the “no gain, no loss” treatment, and it has been gaining traction because of what it means for users. Stani Kulechov commends HMRC consultation In a post he shared via his X page, Kulechov referenced the official document, highlighting the “no gain, no loss” (NGNL) approach it is offering. “A particularly interesting conclusion is that when users deposit assets into…

Ethereum price today trades near $2,914, holding just above short term support after another failed attempt to break the downtrend that has capped every rally since early September. The rejection keeps pressure on buyers as spot flows remain negative and the EMA cluster continues to act as a ceiling. ETF Buying Offers Support But Fails To Shift Momentum $ETH ETF inflow of $78,600,000 🟢 yesterday.BlackRock bought $46,100,000 in Ethereum. pic.twitter.com/Ww7wsXt7Y3 — Ted (@TedPillows) November 26, 2025 Fresh ETF data showed a rare positive inflow yesterday. Funds added $78.6 million in net Ethereum exposure, led by a $46.1 million purchase from…

Ken Griffin, CEO of Citadel, expressed deep concern this week over gold’s soaring price and its implications for the U.S. dollar’s role as a global safe haven, according to Bloomberg. Gold futures just breached $4,000 an ounce, marking a gain of more than 50% so far in 2025. The U.S. dollar, measured by the U.S. Dollar Index (DXY)which tracks the value of the dollar against a basket of major foreign currencies including the euro, yen, and pound has lost around 10% of its value this year and currently sits near 98.5. Griffin told Bloomberg, “We’re seeing substantial asset inflation away…

Crypto firms operating in the EU must report transactions and holdings in a standardised format. Regulators will gain wider access to user data, raising privacy concerns. ESMA may oversee major exchanges, centralising EU crypto supervision. The European Union has unveiled a new set of rules that will significantly change how crypto-asset service providers operate across the bloc. These changes are set to take effect on January 1, 2026, marking one of the EU’s most ambitious attempts to tighten control over crypto activities. The rules will introduce standardised reporting requirements that will give tax authorities deeper visibility into the cryptocurrency market.…

Coinbase just dropped major news that’s shaking up the crypto derivatives market. The platform announced it will list ASTER perpetual futures, giving traders new opportunities in the evolving digital asset space. This strategic move positions Coinbase as a serious competitor in the derivatives arena while providing users with enhanced trading flexibility. What Are ASTER Perpetual Futures and Why Do They Matter? Perpetual futures represent innovative financial instruments that never expire, unlike traditional futures contracts. The ASTER perpetual futures listing means traders can now speculate on ASTER’s price movements without worrying about settlement dates. This development matters because it brings sophisticated…

Key Highlights QwQiao argues that major L1 networks and tokens lack lasting competitive advantages, also known as a moat, which makes it vulnerable He believes that the main problem is that it is now too easy for users and developers to switch between different blockchains, which pulls down the long-term value of their tokens He proposed a solution, saying that blockchains should build apps and services directly on their networks On November 27, QwQiao, a partner at the Alliance DAO, shared a tweet in which he raised questions about the long-term value of L1 tokens. (Source: QwQiao on X) In…

Ethereum could face more downside before a rebound early next year, Bitmine’s chairman, Tom Lee, said in a recent conversation with Chris Perkins of Wealthion. The founder of Fundstrat expects the token to approach $2,500 in the short term. He forecasts a jump to $7,000 to $9,000 in January as new money flows into the market. Related: Market Maker Strain Blamed for Crypto Slide as Tom Lee Flags Structural Pressure Notably, Ethereum trades at $2,940, a paltry 0.8% gain over the past day after a 30.5% loss over the past month. Ethereum is now 40% below its all-time high of…