Author: NBTC

South Korea’s National Tax Service (NTS) has taken a significant step toward regulating digital assets by establishing a new Digital Asset Division dedicated to preparing for the taxation of virtual assets. The division, which began formal operations this month, is tasked with overseeing all tax-related matters for cryptocurrencies and other digital assets, signaling the government’s intent to enforce tax compliance in the sector starting next January. New Division Structure and Leadership The NTS appointed Lee Soon-yong, previously head of the Nam-Bucheon Tax Office, as the director of the Digital Asset Division on June 30. The division is structured with three…

Binance, one of the world’s largest cryptocurrency exchanges, announced that it will remove certain trading pairs from its platform as part of its regular reviews of spot market trading pairs. According to a statement from the exchange, four spot trading pairs will be delisted following recent evaluations based on low liquidity, insufficient trading volume, and other criteria affecting market quality. According to Binance, the $GLM/$BTC, KNC/$BTC, $ONT/$BTC, and XAI/USDC trading pairs will be removed from the platform on July 17, 2026, at 06:00 AM, and trading in these pairs will be completely stopped. The exchange stated that this decision was…

A Change of Guard The number of wallets holding tokenized real-world assets ( RWAs) on Solana topped 300,000 for the first time earlier this week, placing the network first among all blockchains by holder count and extending a lead the network established over Ethereum earlier this year. The tracker’s live dashboard listed 2,121 tokenized assets on Solana, with a distributed RWA value of $3.32 billion, up 11.09% over the past 30 days. Transfer volume tied to those assets reached $7.65 billion over the same window, a 34.53% month-over-month increase. Securitize CEO Carlos Domingo, whose firm issues some of the largest…

Legendary commodities trader Peter Brandt has revealed that he is considering selling a portion of his Bitcoin holdings to reallocate the capital into gold. He has predicted that the lustrous metal is currently on track to “gain substantially on Bitcoin.” A major reversal? The chart attached by Brandt shows Bitcoin’s massive outperformance against the traditional safe-haven asset. However, the price action has flattened out in recent years. There is now a distinct rounding bottom or “saucer” pattern. I am contemplating selling some of my Bitcoin and going to Gold with the money.Looks to me that Gold is going to gain…

SpaceX is set to launch the largest IPO in U.S. history as early as June 12 at a valuation near $1.75 trillion. With more than 555 million Class A shares set to be listed at $135 each, with the aim of raising roughly $75 billion, there’s not a shortage of opinions on whether investors should jump on the Musk-led train. How can SpaceX be worth $1.75 trillion when it is losing billions? SpaceX will list 555 million of its class A shares on the Nasdaq under the ticker SPCX. It will be the largest initial public offering in U.S. history,…

Venice, the AI platform behind the $VVV token, raised $65 million in a Series A led by Dragonfly at a $1 billion equity valuation, its first outside capital raise. The company chose stock over its own token, and the market is already arguing about what that choice means for $VVV holders. Series A investors received 8.98% equity, a 1.5 million $VVV vesting grant, and warrants to purchase 5 million additional $VVV over 8 years. That package brings together Dragonfly, Coinbase Ventures, North Island Ventures, and other participants on both sides of Venice’s capital structure, with equity and tokens held in…

The UK is set to overhaul how certain decentralized finance (DeFi) activities are taxed, introducing a framework that delays Capital Gains Tax (CGT) on qualifying crypto lending and liquidity pool transactions. The reform, announced by HM Revenue & Customs (HMRC), aims to better reflect how these arrangements function economically rather than treating every transfer of cryptoassets as a taxable event. The new rules will take effect on 6 April 2027 and apply to individuals and trustees participating in eligible cryptoasset lending and automated market-making (AMM) liquidity pool arrangements. According to HMRC, around 700,000 UK taxpayers could be affected by the…

A wallet linked to the collapsed FTX exchange and its sister trading firm Alameda Research has transferred 201,000 Solana ($SOL), valued at approximately $15.14 million, to BitGo Custody. The movement was flagged by blockchain tracking firm Onchain Lens, which noted the funds were sent through multiple rapid transactions to several BitGo Custody addresses. Details of the Transfer The transaction occurred within a short window, with the wallet distributing the $SOL across multiple BitGo Custody addresses. BitGo is a regulated digital asset custodian often used by institutional clients and bankruptcy estates to securely hold assets during restructuring processes. The speed and…

Payments giant MoneyGram has announced that it has joined the Stellar network as a Tier 1 validator. The news comes five years after the Dallas, Texas-headquartered company first partnered with the organization. Apart from MoneyGram, borrowing platform Figure Markets and wealth management platform Range will begin operating Tier 1 validators. The new roster of validators will become activated by mid-August, according to the announcement. Becoming a validator Validators are responsible for maintaining the blockchain’s integrity by verifying transactions and participating in network consensus. On Stellar, Tier 1 validators are particularly important. They operate multiple geographically distributed validator nodes and participate…

A Bitcoin wallet that has been dormant for more than 14 years has suddenly awakened. Galaxy Research reported this development in a recent X post. According to Galaxy Research, 30 $BTC, untouched since they were first received on August 7, 2011, were moved in Bitcoin block 956627. Taken from the time they were first received, the period of dormancy equates to 14 years and 9 months. 🌚 Awakened — dormant 14+ years30.00 $BTC ($1.88M) untouched since first received 2011-08-07 (14.9y ago) — just moved in block 956627Address: 1KV47ho8CG2vcTtBQwkfNCgzUVBuBeZkLGAttribution: Noah Doe #38530 · Salomon Client Dusted💰 Realized PnL: +$1.84M (+719,353% gain)…