Author: NBTC

Bitcoin in Japan can sometimes be taxed at more than its own value, leaving heirs and sellers of crypto worse off than they started. A new report from Nikkei details how BTC can sometimes be taxed at as much as 110%, as industry leaders and crypto advocates on the archipelago scramble desperately to get the government’s greasy fingers out of Satoshi’s wallet. According to Microstrategy’s Michael Saylor, it’s only “paranoid crypto-anarchists” who are worried about keeping bitcoin and government separate, or being able to use crypto non-custodially and permissionlessly. But for the Japanese, holding bitcoin and other crypto assets has…

As Paul Atkins is set to replace Gary Gensler at the SEC, a new warning from JW Verret suggests that the agency risks severe consequences if it doesn’t drop the Ripple case. When the SEC launched its crusade against cryptocurrency, it didn’t expect to face resistance from the federal judiciary itself. The federal judges are challenging the SEC’s aggressive interpretation of old securities laws, which may eventually lead to the Supreme Court getting involved. As we prepare for Paul Atkins to take over from @GaryGensler, a new piece by @JWVerret warns that if the @SECGov doesn’t drop the @Ripple case…

The cryptocurrency industry continues to experience a significant evolution, fueled by a geographical change in developer activity and the emergence of new blockchain ecosystems. Electric Capital recently released an annual developer report that disclosed crypto developers’ outlook worldwide. The report acknowledged that seasoned developers, those with more than two years of experience, have increased significantly. Currently, they are creating 70% of code contributions across prominent blockchain platforms. However, fresh talents also work in the industry and interact with experienced developers. This highlights that the crypto industry is set for a future where innovation is strongly collaborative and global. As per…

James Howells, whose girlfriend accidentally threw away 8,000 Bitcoin in Newport, would have had $800 million when Bitcoin reached $100,000 today. On Monday, Howells attended a Welsh court to plead his case and search the Newport landfill for the lost Bitcoin. A Lost Bitcoin Fortune Buarried in Welsh Landfill During the Cardiff civil court hearing on December 2, the council sought to have Howells’ case dismissed. The council’s legal team argued that any items disposed of at the landfill become council property. They dismissed Howells’ offer to share the recovered funds, labeling it an attempt to purchase something the council…

The Federal Reserve is scheduled to announce its interest rate decision during its meeting on Wednesday. Economists widely predict that the Fed will cut rates for the third time in a row, bringing the federal funds rate down to a target range of 4.25% to 4.5%. Another 25-basis-point rate cut would result in a total reduction of one full percentage point since September. The federal bank first reduced interest rates by 0.5 percentage points in September and then made another cut of 0.25 percentage points in November. According to the CME FedWatch Tool, there is now a 95.4% chance of…

USDT is being delisted from European exchanges by the end of the year. Hedera plans to launch HUSD, a MiCAR-compliant stablecoin. HUSD aims to meet the EU’s growing demand for regulatory-compliant stablecoins. This would provide a timely alternative as the EU enforces stricter cryptocurrency regulations. Can Hedera’s HUSD Fill the Gap Left by USDT’s EU Exit? As a response to EU tightening cryptocurrency rules, Hedera will launch HUSD, which is an MiCAR-compliant stablecoin. USDT’s delisting by European exchanges puts HUSD in a good position to pick up where USDT leaves off. As it can now provide a compliant stablecoin for…

Lawmakers, industry leaders, and blockchain innovators gathered this week to discuss the future of crypto policies and their impact on national security. The Blockchain Association hosted its third annual Policy Summit in Washington, D.C., on December 16-17, 2024. With key U.S. lawmakers, industry stakeholders, and representatives from the decentralized infrastructure sector in attendance, the event focused on aligning blockchain innovation with regulatory clarity and national security priorities, according to Denis Serikov, CEO of crypto PR firm ThronePR. Serikov attended the summit and shared his observations in a note to crypto.news. You might also like: Cardano price may crash soon, legendary…

MetaStreet, Beam, and Tactical Compute ($TACOM), an Aethir-based unique AI-focused means of investment, has made the 1st on-chain financing agreement for DePIN assets. With this deal, MetaStreet addresses the long-persistent challenge posed to the DePIN network members who often depend on expensive open investments to back their operations. As a part of this deal, $TACOM’s mobile chip agreement of $3.3M, which is rented onchain via Aethir, went through tokenization. This would serve as collateral on the Arbitrum-based DePIN Financing Pool of Meta. Metaversal has reportedly provided a debt capital of $415K, displaying how capital markets can unlock liquidity backing DePIN…

After crossing the much-awaited milestone of $100K and reaching an all-time high (ATH) of $103,551, Bitcoin has slipped back to $97K. This decline can be primarily attributed to significant selling pressure, but there’s more to it. A wise man once said, “after we hit $100k, it’s smooth sailing to $1.0M.” Global #Bitcoin FOMO begins now. Plan accordingly. pic.twitter.com/ZviNWEWFLy — Samson Mow (@Excellion) December 5, 2024 Bitcoin Market Trends On December 5, Bitcoin crossed the $100K milestone and achieved an ATH of $103K. However, at the time of writing, Bitcoin has slipped back to $97,272, marking a 1.32% dip in the…

The U.S. stock markets are in shambles, while Bitcoin is flying past $108,000, rewriting the rules of the financial game. The S&P 500 has now set a record for failure, dropping for 12 straight days—the longest losing streak in its entire history. The Dow Jones isn’t doing much better, limping into a nine-day losing streak after shedding another 0.61% on Tuesday. The Nasdaq Composite followed suit, slipping 0.32%. This chaos isn’t confined to Wall Street. Over in Europe, the Stoxx 600 index dropped 0.42%, dragged down by a 1.4% nosedive in banking stocks. Somehow, tech stocks managed to claw out…