Author: NBTC

The U.S. Treasury’s sweeping IRS rule forces crypto platforms to track and report all transactions, igniting fierce industry backlash and looming legal battles over its survival. US Treasury Expands IRS Reach – Crypto Industry Faces Full Reporting Rule The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have finalized sweeping new regulations for brokers facilitating digital asset transactions, scheduled for publication in the Federal Register on Dec. 30. The new rule mandates brokers, including certain decentralized finance (defi) platforms, to track and report user activity, covering sales of all digital assets, including non-fungible tokens (NFTs) and stablecoins.…

Mirada AI has announced the addition of Bitgert to its ecosystem. Bitgert is a crypto project that is growing fast with a low gas fee blockchain and other features like the centralized exchange (CEX). This news was shared through the official X account of Mirada AI. Thrilled to welcome Bitgert to the Mirada AI ecosystem!@bitgertbrise is a rapidly expanding crypto project that boasts a low gas fee blockchain, CEX and a lot more!Bitgert will be added to the Mirada AI Hub and given a featured placement in our AI Search tool!Stay tuned for… pic.twitter.com/L73J613gOb — Mirada AI (@miradaai) December 27,…

The name “Bitcoin,” unveiled by Satoshi Nakamoto in 2008, perfectly encapsulates the fusion of digital innovation and timeless value, solidifying its place as a financial and cultural icon. ‘Bitcoin’: A Name That Echoes Through Time The name “Bitcoin” was first introduced by Satoshi Nakamoto on Oct. 31, 2008, through the now-famous Bitcoin white paper. This Halloween revelation not only marked the beginning of a new era in digital currencies but also highlighted the brilliance behind the name itself. Simple yet profound, “Bitcoin” encapsulates the technology’s essence, its functionality, and its visionary appeal. The name combines two foundational concepts. “Bit” represents…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. I sit reflecting on the year and what has transpired, especially in relation to the recent FOMC meeting that surprised hawkish and shocked markets. Over one year it felt like we’ve been through five different versions of the Fed. In the winter of 2024, the Fed got spooked by surprisingly elevated inflation prints in the first quarter. This led them to reverse their dovish inclinations they had set up in the fall of 2023. Then, in June, the FOMC surprised the market with a hawkish dot…

It was March 14, 2021, when Elon Musk wrote on his official Twitter profile that he is getting a Shiba Inu. I’m getting a Shiba Inu #resistanceisfutile — Elon Musk (@elonmusk) March 14, 2021 Although that post referred to a dog, the hashtag added by Musk rather clearly suggested that he was also referring to the namesake cryptocurrency. The rise of Shiba Inu also thanks to Elon Musk The decline The recent boom Elon Musk and the crypto beyond Shiba Inu The rise of Shiba Inu also thanks to Elon Musk The first memecoin ever created is Dogecoin, launched in…

Recently, the U.S. Internal Revenue Service (IRS) has announced new regulations that classify certain decentralized finance (DeFi) protocols as brokers. This move requires these protocols to disclose Know Your Customer (KYC) information for digital asset transactions. The IRS estimates that up to 875 DeFi brokers could be affected by these new rules, which has quickly triggered a community backlash. In simple terms, the new rules say that certain DeFi platforms, which help people buy and sell digital assets, will now be treated like brokers. On top of that, the proposed KYC details are creating security issues in the investor’s mind…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. The inaugural Solana AI hackathon concluded on Monday. Over 400 projects threw their respective hats in the ring for a contest offering cash prizes but more importantly the prospect of potentially-lucrative attention to so-called AI agents, which are currently flooding crypto social feeds. Multiple entrants already have tokens trading at millions of dollars-worth of market cap, and agent copilots for crypto trading as well as AI agent “swarms” were buzzy categories. Winners of the hackathon, organized by SendAI, will be announced around Jan. 10, SendAI co-founder and…

Bitcoin price is recovering higher above the $96,000 level. BTC is showing positive signs and aims for a fresh increase above the $98,800 level. Bitcoin started a fresh increase above the $96,000 zone. The price is trading above $96,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $96,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $98,000 resistance zone. Bitcoin Price Eyes Key Upside Break Bitcoin price remained stable above the $94,500 zone. BTC…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Stocks traded sideways — stalling their pre-Christmas rally — and cryptos dipped Thursday, making one of the final trading days of the year a relatively quiet one. The S&P 500 was down 0.06% and the Nasdaq Composite gained 0.02% at 2 pm ET. Bitcoin and ether were down 3% and 3.8%, respectively, over the past 24 hours at that time. The post-holiday moves came as investors unpacked one of the only economic data reports of the week: initial jobless claims. There were 210,000 first-time filers for…

Algorand (ALGO) has recorded impressive price actions in the past few sessions as bulls pushed past crucial resistances. Further, the crypto project saw a significant surge in total value locked over the last month, underscoring renewed investor interest in Algorand blockchain. Despite brief corrections, the surging network activity amidst broad market optimism signal sustained bullish momentum for ALGO. DeFi propels Algorand’s growth DeFillama data confirms a notable uptick in Algorand’s TVL within the past month. The blockchain’s total value locked soared from November 1 at $69.5 million to $245.63 million (the second-highest in history) on December 3. Source: Defillama That…