Author: NBTC
Reports claim that the US Senate Finance Committee is investigating Dan Morehead, the founder of Pantera Capital. The inquiry, led by Senator Ron Wyden, is trying to determine whether the venture capital founder/CEO is guilty of federal tax law violations following his move to Puerto Rico. Puerto Rico has attracted the title of “tax haven” because of its Act 60, which promotes investment in Puerto Rico via tax incentives like zero tax on passive income and 2-4% corporate tax, making it a refuge for affluent Americans looking to escape the rigors of taxation. The Senate Finance Committee’s accusations In a…
Stablecoins are hitting the racing track. San Francisco-based Coinbase and the UK-based Formula One team Aston Martin Aramco announced Thursday a new partnership, making the U.S.’s top crypto exchange the team’s official partner. Coinbase’s branding will appear on Aston Martin’s AMR25 car and the racing suits of Fernando Alonso and Lance Stroll during the 75th Formula One World Championship season as part of the deal. The partnership is particularly notable because the undisclosed amount of the deal is being paid in USDC. “Aston Martin had the option, and when asked, they chose to be paid entirely in USDC because they…
Bitcoin turns 16 this year, marking its evolution from an obscure experiment to a global financial asset. Since its launch in 2009, Bitcoin has redefined the concepts of money and decentralization, influencing technology, finance, and culture. From the mystery surrounding its creator, Satoshi Nakamoto, to becoming a store of value and payment system, Bitcoin’s story is unlike any other. To honor this milestone, here are 16 key facts that highlight its impact and growth over the past 16 years. 1. Bitcoin Genesis Block Contained a Secret Message On January 3, 2009, Bitcoin officially came into existence with the mining of…
The cryptocurrency market has seen impressive movements on January 7, 2025, with a handful of projects experiencing significant growth. These daily gainers have drawn attention for their remarkable price surges, and investors are keen to explore the factors contributing to such bullish momentum. Among the standouts, SOVRN ($SOVRN) leads with a staggering 186.7% increase, followed by ZFI ($ZFI) with an 86.7% surge. This market shift reflects growing investor optimism and the evolving role of blockchain projects across various sectors. DAILY GAINERS$SOVRN +186.7% $ZFI +86.7% #AIAGENT +48.4% $swarms +44.6% $ORAI +29.6% $SAI +24.6% $AIT +21.8% $BLZ +21.7% $WAGMI +21.2% $WIN +20.5%#dailygainers…
Nigerian authorities have denied the allegations by Binance executive Tigran Gambaryan that its officials asked for bribes, among other things. In a post, the government’s official X account described the allegations as misleading and defamatory. According to a statement signed by the country’s minister of information and national orientation, Mohammed Idris, the public should disregard Gambaryan’s claims as they are unsubstantiated. It said: “We categorically deny the retaliatory claims made by Mr. Gambaryan against Nigerian officials involved in his case, and we urge the public to disregard these false accusations in their entirety.” The government’s statement follows Gambaryan’s recent disclosure…
The team behind Telegram’s built-in crypto wallet, Wallet, has launched new campaigns to drive the adoption of stablecoins, particularly Tether (USDT). In an X post today, the team announced a zero-fee offer for the purchase of USDT via Telegram’s built-in crypto wallet. This offer is only available to users who purchase USDT using their bank cards. The team described the initiative as the first of its kind, suggesting that no blockchain wallet offers zero-fee options for USDT purchases. ⚡️Exclusive: Buy USDT with ZERO fees — only in @wallet_tg! We’ve waived fees on USDT purchases via bank card — an offer…
Throughout most of 2024, Bitcoin (BTC) struggled to break out — then, after the US presidential election on November 5, the wider cryptocurrency market entered a bull run. The price of BTC reached a new all-time high (ATH) on December 16 — the leading digital asset briefly traded above $106,000, before receding below the $100,000 mark. On the whole, 2024 saw BTC prices increase by 119.03% in 2024. Since that high, Bitcoin has found a strong level of support at $92,600 and is currently struggling to stay above $95,000 consistently. At press time, the digital asset was changing hands at…
The stablecoin market, currently valued at $206 billion according to defillama.com, has experienced notable shifts, including growth in the first six days of 2025. Nearly $4 Billion Vanishes as Tether and Ethena Decline in Early 2025 Among the top ten stablecoins, tether (USDT) and ethena usd (USDE) recorded significant outflows, collectively amounting to nearly $4 billion, or precisely $3.98 billion. Tether faced the most substantial decline, losing $3.79 billion from its peak valuation of just over $141 billion. As of Jan. 6, 2025, USDT’s market capitalization stands at $137.21 billion. Ethena’s USDE, a yield-bearing stablecoin, similarly peaked on Dec. 19,…
A Texas federal judge has put the brakes on the US Securities and Exchange Commission’s (SEC) case against Geosyn Mining LLC, a Bitcoin mining and hosting company, after federal prosecutors filed criminal charges against three of its executives. CEO Caleb Ward, COO Jeremy McNutt, and former sales manager Jared McNutt are accused of misusing customer funds and spending investor money on personal luxuries instead of mining equipment. The ruling came after Ward and Jeremy McNutt turned themselves in on Thursday and appeared in court over the impending indictments. Prosecutors allege that Geosyn executives engaged in wire fraud, running what appeared…
Crypto.com is standing out as the fastest-growing centralized exchange (CEX) of 2024. They’ve seen trading volume jump significantly. According to a new CoinGecko report, the platform achieved an incredible 969.7% growth. Their annual trading volume shot up from $120.6 billion in 2023 to a massive $1.29 trillion in 2024. This milestone means the exchange has now surpassed the $1 trillion mark for the first time. While other exchanges also grew, none grew as quickly as Crypto.com. Related: Centralized Exchanges vs. Self-Custody: Which is Safer for Your Crypto? Binance Still Leads CEX Market Even with market share shifting a bit, Binance…