Author: NBTC
DWF Labs has dumped CRV tokens worth approximately $4.12 million. This translates to 12.5 million Curve DAO tokens in the last few days. The dump of CRV tokens reportedly occurred at a loss of around 17.5%. DWF Labs had injected funds into the ecosystem at a time when it was looking for support. In 2023, a hack on the network led Michael Egorov to embark on a massive sale. He found DWF Labs as a suitable partner who was willing to acquire those tokens for around $0.40. What happened later is obvious: DWF saw a lack of growth and ended…
Germany’s crypto tax policy allows long-term holders to sell assets after one year without incurring capital gains tax. Singapore and the Cayman Islands offer zero capital gains tax, making them lucrative destinations for crypto investors. Switzerland and Malta provide clear, flexible tax policies, with Switzerland treating crypto as foreign currency and Malta supporting blockchain growth. Cryptocurrency investors are increasingly seeking jurisdictions with tax-friendly regulations to maximize their profits and manage liabilities effectively. This means that investors in the cryptos are looking for countries that will allow for the taxation of their profits and credits in a way that enables them…
Bitcoin mining difficulty just set a new record, hitting heights that are forcing miners to throw even more resources at the network. With competition heating up and Bitcoin holding steady near its all-time highs, the industry faces new pressures. Now miners need even more computational power to keep pace, leading to higher costs and potentially straining the system’s sustainability. Miners aren’t just dealing with new difficulty levels. Bitcoin’s recent price action has them scrambling as well. As demand rises—largely driven by ETF purchases—mining competition is climbing, but so are expenses. And transaction fees, which often help cover mining costs, might…
Bitcoin holds strong at the $68,000 price mark. Analysts expect BTC to blast off to the $80,000 price level setting a new ATH soon. If this comes to be, another analyst states that a trend top of $114,000 for BTC is likely. Bitcoin (BTC) price continues to hold the $68,000 price level amidst the start of the second month of what is expected to be a highly bullish Q4. Analysts from across the world believe this quarter is when BTC price will reclaim its previous ATH target of $73,700. So far, Bitcoin hit $73,400 before retreating to below $70,000. Bitcoin…
Triangle is being bought by stablecoin company Bridge, which itself is the target of a takeover by payments giant Stripe. Financial details of the transaction were not disclosed. Triangle founder, Tasti Zakarie, previously worked for Stripe. Triangle, a web3 wallet infrastructure platform founded by Stripe alumni Tasti Zakarie, has been acquired by stablecoin payments platform Bridge, the company said in a press release on Friday. As part of the deal, the Triangle team will join Bridge to help build scalable stablecoin systems, the company said. Financial details of the transaction were not disclosed. Bridge itself is a recent acquisition target.…
Justin Sun, the founder of the Tron network, has applauded the impressive price performance of Ethereum-based memecoin, the First Neiro on Ethereum (NEIRO). In a post on Monday, Sun commented, “This dog’s got some serious swag,” to a picture of NEIRO’s price surge following an announcement from leading exchange Binance that it would list the token for spot trading by 10 AM (UTC). https://twitter.com/justinsuntron/status/1835578519822409875 In a subsequent post, the founder showed a keen appreciation of NEIRO’s preposterous rise to fame, applauding the community for the massive support. Sun stated that the community always wins, insinuating that NEIRO’s listing on Binance…
The U.S District Court in Manhattan has ruled the Citadel Securities’ lawsuit accusing crypto-trading startup Portofino of stealing the firm’s trade secrets can largely proceed. According to a court filing on Oct. 30, the Manhattan District court has agreed to proceed with Citadel’s lawsuit against crypto-trading startup Portofino created the two former Citadel Securities employees who are accused of stealing trade secrets to form the startup. The judge denied in part Portofino’s motion to dismiss the case, but he also did the same to Citadel Securities’ claims that Portofino breached the employment contracts of three Citadel Securities workers it tried…
Howard Lutnick, CEO of Cantor Fitzgerald, one of the world’s leading investment companies with an estimated fortune of $13.2 billion, attracted attention with his assertive stance on Bitcoin. Speaking candidly in a recent interview, Lutnick outlined the depth of his personal and institutional investments in BTC, revealing a significant amount of investment and an ambitious outlook. “I have hundreds of millions of dollars invested in Bitcoin,” Lutnick said when asked about the size of his Bitcoin holdings, “and it’s going to be in the billions.” Lutnick’s optimism reflects Cantor Fitzgerald’s strategic view of its role in integrating Bitcoin into mainstream…
Ripple CTO David Schwartz clarifies Jed McCaleb’s exclusion from the SEC lawsuit against Ripple’s current executives. The SEC originally targeted Brad Garlinghouse and Chris Larsen, alleging $1.3 billion raised through unregistered XRP sales. The SEC is reviving the aiding and abetting claims against Garlinghouse and Larsen. Ripple CTO David Schwartz addressed questions on why Ripple co-founder Jed McCaleb was excluded from the SEC’s lawsuit. In a post on X, crypto commentator “Digital Asset Investor” publicly questioned McCaleb’s exclusion from the case. The inquiry followed a post by Andrew De Vilbis, who shared McCaleb’s vision for Stellar, the blockchain project McCaleb…
Tap-to-earn took over crypto gaming this year, garnering hundreds of millions of players via Telegram mini apps. As a result, The Open Network (TON), the Telegram-aligned blockchain that most tap-to-earn games have launched their tokens on, has skyrocketed in popularity. But the co-founder of TON Society, a foundation that supports the blockchain’s ecosystems with grants, thinks that tap-to-earn should be seen less as merely a gaming mechanic—and more as an effective way to introduce products to users. “What we’re going to see next is projects using the viral mechanic, tap-to-earn, as more of a launch strategy,” TON Society co-founder Jack…