Author: NBTC

Thailand’s Finance Ministry has announced a five-year exemption on capital gains tax for cryptocurrency trading, effective from January 1, 2025, through December 31, 2029. The measure applies exclusively to transactions conducted through exchanges, brokers, and dealers licensed by the Securities and Exchange Commission (SEC). Scope of the Tax Break The exemption covers capital gains realized from trading digital assets on regulated platforms. However, other forms of crypto-related income, including mining rewards and staking yields, remain subject to taxation under existing Thai tax laws. This distinction is critical for investors and businesses operating in the country’s digital asset space. The policy…

South Korea’s Fair Trade Commission (FTC) is advancing sanction procedures against Bithumb, one of the country’s largest cryptocurrency exchanges, over suspected violations of the labeling and advertising law. The regulatory body concluded that Bithumb’s promotional claims of offering the ‘lowest fees in Korea’ may have misled consumers, as the advertised rate was not universally applicable. Background of the Allegations The issue centers on Bithumb’s prominent promotion of a ‘0.04% lowest fee in Korea.’ However, this rate was only available to users who registered a separate fee coupon. According to a report by News1, the FTC determined that this practice could…

Riot Platforms (RIOT) surged more than 20% before the start of U.S. equity trading on Tuesday after the bitcoin $BTC$64,196.96 miner said it signed a $9.1 billion deal with “a leading frontier AI lab,” accelerating its transformation into a provider of infrastructure for the artificial intelligence industry. The 20-agreement with the company, identified as Anthropic by Bloomberg, covers 191 megawatts of computing capacity at Riot’s Rockdale, Texas, campus. Once focused almost entirely on bitcoin mining, Riot exemplifies an industry-wide pivot toward AI infrastructure, with long-term leases providing steadier revenue than the volatile flows from approving blocks on Bitcoin. Miners control…

Chain Fusion is the set of protocols that let smart contracts on the Internet Computer ($ICP) read, hold, and sign transactions on Bitcoin and other blockchains directly, without routing funds through a bridge or a wrapped token. Instead of trusting a third-party custodian to lock up Bitcoin and mint a copy somewhere else, $ICP nodes run their own Bitcoin adapter and use threshold cryptography to control real $BTC addresses. Per reports, bridges have been the single biggest source of losses in crypto history. How Does Chain Fusion Actually Work? Chain Fusion rests on two building blocks: connecting directly to a…

At the time of publication, Bitcoin is trading at $62,557, below its power law fair value of $134,761 and beneath the lower band of $67,380. According to analyst Mark Harvey, Bitcoin has rarely deviated this far from the power law model. Each time it reached this level of undervaluation relative to the model, a significant recovery followed. The upper band currently sits at $404,283, suggesting that a rally toward the top of the power law range would place Bitcoin above $400,000. The Long-Term Case The analyst shared the power law chart with a straightforward observation. Bitcoin is up only from…

Uniswap Labs has switched on Earn, a lending feature inside the Uniswap Web App and Wallet that takes $USDC, $USDT and ETH deposits and routes them into Morpho vaults curated by risk firm Gauntlet on Ethereum mainnet. Uniswap says it charges no fee of its own for the product, though standard network costs still apply. The three vaults behind the feature are $USDC Prime, $USDT Prime and WETH Prime, according to Gauntlet, which curates them under what it calls its Prime risk mandate: overcollateralized lending against blue-chip collateral, with risk configuration, market allocation and exposure limits set by the firm’s…

E-commerce sellers often wait weeks to see cash from sales they have already made. Dow Protocol wants to close that gap with blockchain financing for e-commerce, and it just raised fresh capital to do it. The startup has completed a $10.5 million seed funding round to expand a financing model that advances working capital to online merchants against receivables that haven’t yet cleared. Key takeaways Dow Protocol raised $10.5 million in a seed round backed by MH Ventures, Mapleblock, Animoca Brands, Arcane Group, HSKChain, Essentia Partners, and Quartet Group. The protocol advances working capital to online merchants against pending receivables,…

Andrew Tate’s DADDY memecoin has shed half its value and is currently trading 97% below its 2024 peak — a plunge that’s coincided with Tate’s latest arrest and his incarceration in Miami’s Federal Detention Center. US Marshals arrested Tate, 39, and his brother Tristan, 38, on Saturday on a sealed warrant pursuant to UK extradition proceedings outside Miami’s James L. Knight Center. The pair were en route to a boxing event that Andrew was slated to co-host. It is not the pair’s first time in government detention and they continue to use these experiences to attract media attention. Indeed, Tate…

Ripple Chief Legal Officer Stuart Alderoty has pushed back against a recent Wall Street Journal editorial that referred to supporters of cryptocurrency regulation as “the crypto boys.” He claims that the industry’s user base is far more diverse than its critics tend to believe. Beyond stereotypes Alderoty said the label misrepresents the millions of Americans who now own digital assets. According to the Ripple executive, roughly 67 million Americans currently hold cryptocurrency. He added that about one-third of U.S. crypto owners are women. What is particularly striking is that more holders are over the age of 55 than under 25.…

OKX has scheduled the removal of six GODS, PRCL and DUCK spot trading pairs while suspending deposits for the affected tokens from Aug. 7 and setting Nov. 7 as the withdrawal deadline. According to an OKX announcement, the exchange will remove three margin-settled spot pairs GODS/USD, PRCL/USD, and DUCK/USD, between 16:00 and 18:00 UTC on Aug. 14. Three additional spot pairs quoted in $USDT and EUR will follow three days later, with GODS/$USDT, PRCL/$USDT and DUCK/$USDT scheduled for delisting during the same two-hour window on Aug. 17. The exchange has also introduced a phased timeline for the affected assets. Deposits…