Author: NBTC
“Public service is my motto. Ninety-nine percent of the people in Chicago drink and gamble. I’ve tried to serve them decent liquor and square games. But I’m not appreciated.” — Al Capone Breaking the law can be productive (for everyone) Here are two things I believe: Tipping in cash so your server doesn’t owe taxes is good — but officially making income earned from tips tax-free is bad. Let me explain. Paying tips in cash is good because it helps low-margin businesses like restaurants hire staff they might not otherwise be able to afford. More broadly, cash payments for off-the-books…
Business intelligence firm Strategy has acquired an additional 1,895 Bitcoins for roughly $180 million, according to a Monday announcement. In a now-familiar pattern, Executive Chairman Michael Saylor hinted at the purchase on Sunday with a social media post. According to CoinGecko data, Bitcoin is currently changing hands slightly above the $94,000 level after dipping below 1.5% over the past 24 hours. Meanwhile, Strategy shares are down 3% in pre-market trading after adding more than 3% on Thursday. As reported by U.Today, the largest corporate Bitcoin holder announced a $1.4 billion purchase on Monday. The firm spends its entire $21 billion…
Blockware, a team of Bitcoin (BTC) mining professionals, has shared the details of its pioneering Ordinals NFT release. The drop that is already making waves on blue-chip marketplace Magic Eden is set to power the team’s Bitcoin mining endeavor. Hashrate Hackers Ordinals NFTs are live on Magic Eden: What to know Released by Blockware, a U.S. mining pioneer, Hashrate Hackers NFT collection, is set to reimagine the potential synergy between cryptocurrency mining and digital art in Web3. Hashrate Hackers introduces a groundbreaking approach by integrating Bitcoin mining with the Ordinals community, allowing collectors to become contributors through “Hacks” and compete…
Ethereum recovered over 50% in May. On-chain data is offering new insights into the changing sentiment of Ethereum investors following the Pectra upgrade. As a result, many analysts are now expecting higher price levels. This on-chain data includes ETH withdrawals from exchanges, exchange reserves, and ETH whale accumulation. Over the past month, all these metrics have hit impressive milestones. Over 1 Million ETH Withdrawn from Exchanges in the Past Month According to Cryptorank, the amount of ETH available on centralized exchanges has dropped from over 18 million to nearly 17 million within one month. Ethereum Supply on Exchange. Source: Cryptorank…
DigiAsia Corp. has announced a strategic plan to incorporate Bitcoin into its corporate treasury. With Board approval, the company will allocate up to 50% of its net profits toward acquiring Bitcoin (BTC) as a long-term digital reserve asset, according to a company release. To jumpstart the initiative, DigiAsia, a fintech firm focused on digital financial services in emerging markets, is exploring a capital raise of up to $100 million, aiming to build a robust Bitcoin position. $FAASDigiAsia, a technology-driven fintech platform focused on digital financial services in Asia and beyond, announced that it has received board approval for the strategic…
XRP might require a small amount of capital inflow to reach the much-coveted $1 trillion market cap. As the momentum behind XRP Exchange Traded Funds (ETFs) builds in 2025, discussions around the impact of such products on XRP’s valuation are now becoming relevant. Notably, a recent analysis by xAI’s Grok suggests that XRP could achieve a $1 trillion market cap with relatively modest capital inflows. However, the analysis assumes there is a large multiplier effect and sustained institutional interest. Currently, XRP holds a valuation of $140 billion, trading at $2.39 with a circulating supply of around 58.55 billion tokens. The…
Against all odds, the Senate’s stablecoin bill has regained political momentum, passing a key procedural vote Monday evening that has set the legislation on track for passage within days. Less than two weeks ago, the bill, dubbed the GENIUS Act, failed to pass the same procedural cloture vote—which ends debate on a measure and advances it towards full floor consideration. At the time, a perfect storm of political winds conspired to derail support for the bill among pro-crypto Democrats. Chief among them: mounting anger in the Democratic Party over President Donald Trump’s perceived crypto-related conflicts of interest. But tonight, key…
A new analysis sheds light on how much Bitcoin an investor may need to fund an early retirement lifestyle with $100,000 annually. Financial independence continues to be a goal for many, especially as interest grows in alternative investment strategies like cryptocurrency. Amid this growing interest, a chart shared by Rajat Soni, a Chartered Financial Analyst, presents a conservative framework for individuals planning to step away from traditional employment. GqENdF8WYAAyr4I The model estimates how much BTC a person would need to secure a $100,000 annual income, adjusted for 7% inflation. Soni’s projections rely on a 5th percentile power regression model, meaning…
Ethereum is now trading at a pivotal juncture after days of consistent selling pressure that have pushed the price down by more than 12% since last Tuesday. Currently hovering around the $2,400 mark, ETH is struggling to maintain bullish momentum, and many analysts warn that a deeper correction could follow if bulls fail to defend this crucial support zone. The recent drop reflects broader market uncertainty, with rising volatility shaking investor confidence just as ETH appeared ready to join a wider altcoin breakout. Despite this weakness, there’s growing optimism in some corners of the market. Top analyst Ted Pillows shared…
Stocks opened lower on Monday as Wall Street flipped negative after Moody’s downgraded the United States’ credit rating. The S&P 500 fell 0.8% at the open, while the Nasdaq Composite dropped 1%, as the downgrade combined with broader market concerns to dampen investor sentiment. The blue-chip index and the Dow Jones Industrial Average each lost more than 200 points in early trading although within the first 45 minutes of trading buyers came in and pushed major indices to nearly flat. As stocks and the dollar reacted lower, Treasury yields spiked. The 30 year Treasury yields climbed to the 5% level,…