Author: NBTC
The NFT market has evolved remarkably from its speculative beginnings, becoming an integral part of the digital economy by 2025. Beyond art, NFTs now encompass gaming, virtual real estate, fashion, and tokenization of real-world assets, reshaping industries and redefining ownership in the digital age. NFT Market Insights for 2024 The NFT ecosystem in 2024 demonstrated both growth and refinement. Trading volumes exceeded $2 billion, showcasing sustained interest despite a challenging macroeconomic landscape. By November, monthly trading volume rose to $698 million—a 22% increase from October. However, the number of sales dropped by 11% to 3 million transactions, indicating a shift…
India lost ₹6,000 crore in tax as crypto traders shifted to foreign platforms. Offshore exchange activity by Indians rose 77% despite government restrictions. Reducing TDS and amending tax laws could recover ₹9,169–₹18,338 crore in five years. India is losing significant revenue due to its current crypto taxes policies, as revealed in a report by the Esya Centre. The country missed out on ₹6,000 crore in taxes as crypto traders moved to foreign platforms. If the policies remain unchanged, India could lose an additional ₹17,700 crore over the next five years. Why Is India Losing Crypto Revenue? In July 2022, India…
Recently, Clearpool entered into a partnership agreement with WELF Finance, under which Ozean, Clearpool’s blockchain for the yield of real-world assets (RWA), will transform private banking in the DeFi space. By combining the banking system and blockchain solutions, this partnership aims to bring 300 million assets under management (AUM) by 2025. Private Banking Meets Blockchain: Ozean & WELF Partner to Bring $300M AUM On-Chain.$WELF has officially partnered with @ClearpoolFin . Ozean, the blockchain for real-world asset (RWA) yield developed by Clearpool, to bring private banking services to the decentralized… pic.twitter.com/BcGv3gK7Jy — Welf Finance (@WelfFinance) December 23, 2024 WELF’s Vision for…
In the Thanksgiving weekend, Bitcoin enjoyed strong momentum while maintaining a positive Coinbase Premium Gap and indicating that demand on Coinbase remains intact. The appeal of the cryptocurrency to investors is underlined by its superior performance on risk-adjusted metrics: Sortino and Sharpe ratios. On the other hand, demand from new participants balances sell pressure and keeps the market from further decline. – Advertisement – Coinbase Premium Gap Signals Strong Bitcoin Buying Activity Over the Thanksgiving weekend, Bitcoin’s Coinbase Premium Gap remained in positive territory as demand for Bitcoin on Coinbase increased. This metric measures the price of Bitcoin on Coinbase…
Analytics Company Reveals Top 10 Altcoins With The Most Increased Whale Activity During The Downturn
Cryptocurrency analysis firm Santiment reported that despite declines in Bitcoin and altcoins, cryptocurrency whales remain extremely active. According to analysts, the altcoins with the highest whale activity, with a market value of more than $500 million, and whale activity increases are listed as follows: dYdX (DYDX) – 3400% Creditcoin (CTC) – 1633% Jasmy (JASMY) – 616% 1inch (1INCH) – 580% Safe (SAFE) – 566% Compound (COMP) – 454% Baby Doge Coin (BabyDoge) – 400% Mantle (MNT) – 333% Wootrade (WOO) – 300% Quant (QNT) – 285% Santiment stated in his statement that altcoins that show a sudden increase in whale…
Last week, Federal Reserve Chairman Jerome Powell wanted everyone to know one thing: the Federal Reserve isn’t touching Bitcoin. Not now, not ever. During a press conference following the Fed’s monetary policy meeting, Powell made it painfully clear that any plan to stockpile Bitcoin wouldn’t get his support. The result? The crypto market took an immediate nosedive. Bitcoin’s price, which had been climbing earlier this week, pulled back hard. The odds of a Bitcoin Strategic Reserve (BSR) dropped from 40% to 34% on Polymarket just hours after Powell spoke. Meanwhile, the entire crypto market lost 7.5% of its value, wiping…
Metis, a blockchain-based platform focusing on scalability, storage efficiency, and speed, has announced a collaboration with NextMate.AI. The partnership targets to revolutionize the AI-led prediction markets, enhancing the overall consumer experience. The platform announced this collaboration on its official social media account. Excited to see a new wave of meme AI agents on Metis! Welcome @nextmate_ai, marking a new chapter in AI-driven prediction markets powered by Metis’ Layer 2 infrastructure.Combining prediction markets with memecoin utility and gamification, NextMate AI fosters a unique,… https://t.co/veMkbOKXaa — Metis🌿 (@MetisL2) December 24, 2024 Metis and NextMate.AI Join Forces to Boost the AI-Led Prediction Markets…
Bitcoin has recently reached an all-time high (ATH) of $99,595, fueling optimism that the $100,000 mark is within reach. However, volatility has kept Bitcoin from breaching this psychological barrier. Despite this, Bitcoin ETFs have seen record inflows, suggesting that a push toward $100,000 is imminent, with institutional support playing a crucial role. Bitcoin ETFs Are Driving the Rally In November, Bitcoin ETFs recorded $6.1 billion in inflows, the highest monthly influx since the launch of spot Bitcoin ETFs in January. This surge indicates that investors are becoming more comfortable with the asset, preferring the security of regulated ETFs over direct…
Analytics X account @spotonchain has revealed that earlier today, a whale purchased almost 150 billion Shiba Inu meme coins. This whale decided to return to SHIB as an investment tool after they had earned an impressive amount of dollars on it earlier this year. However, apart from SHIB, this mysterious whale grabbed several hundred billion PEPE and half a million NEIRO. Whale goes on huge meme coin buying spree Spotonchain has revealed that the aforementioned whale spent $12.8 million worth of DAI stablecoins to make a huge crypto acquisition: 114.5 billion SHIB worth almost $4 million; 326.3 billion PEPE valued…
Cryptocurrencies are becoming increasingly integrated into the modern financial reality, and like any other asset, they are subject to taxes. As a relatively new and rapidly growing asset class, cryptocurrencies attract increasing interest from investors and governments. As the global economy adapts to this digital innovation, countries take different cryptocurrency regulation and taxation approaches. How do cryptocurrency tax policies work around the world? Table of Contents Which countries require you to pay taxes on cryptocurrencies? Why do some countries not have to pay taxes on cryptocurrencies? Countries where cryptocurrencies are banned Why do some countries not pay taxes on cryptocurrency?…