Author: NBTC
Nearly every big name in the crypto industry has signed onto a letter calling for Congress to eliminate a U.S. tax policy they say could jeopardize decentralized finance (DeFi) technology by shoehorning much of that space into the field of brokers subject to data collecting and reporting. The Internal Revenue Service — the U.S. Treasury Department’s tax arm — pushed through a key digital assets broker rule between Christmas and New Year’s, just days before President Donald Trump’s administration was set to arrive. It was meant to institute similar information-reporting demands on DeFi brokers as would be faced by securities…
Crypto.com, a top crypto platform providing services to above 100M users, has recently announced a groundbreaking project. As per Crypto.com, the platform has introduced a desktop trading forum named “Crypto.com Web.” The new endeavor targets benefiting the users living within the European Union. The desktop trading platform permits the users to reach the Crypto.com App-based accounts via their desktops. This development provides more convenience and an improved trading experience, eliminating the requirement for the mobile app. https://t.co/vCNztATSCO Web is now available in the EU 🇪🇺EU users can easily access their https://t.co/vCNztATSCO App account on their desktop✅ Simply scan the QR…
Bitcoin has shown resilience by holding above $95,000 despite a decline in global stock indices. This comes as markets assess the outcome of the December 18 Federal Open Market Committee (FOMC) meeting, where Fed Chair Jerome Powell signaled a slower pace of quantitative easing through 2025. However, the largest cryptocurrency by market cap is not immune to broader market pressures. On a weekly basis, Bitcoin has been down along with major stock indexes, with a two-week negative return of 11%, according to K33 Head of Research Vetle Lunde. Ethereum (ETH) has fared worse, falling 15% in the same period, pushing…
As Bitcoin gradually recovers to cross above the $96,000 mark, Ethereum is on a recovering trend. With four consecutive bullish candles in the 4-hour chart, the Ethereum price has crossed above the $2,700 level. Aiming for a new bullish reversal, the ETH price trend is close to challenging the 100-EMA line, acting as a dynamic resistance.Will this breakout rally propel Ethereum above the $3,000 mark? Let’s find out. Ethereum Price Action Aims Range Breakout In the 4-hour price chart, the Ethereum price trend reveals a sideways shift below the 23.6% Fibonacci level. This crucial resistance level is priced at $2,741,…
Top banks stick their necks out to support Strategy’s (MicroStrategy) Bitcoin itch. Despite persisting debates about the sustainability of MicroStrategy’s (now Strategy) Bitcoin treasury… strategy, demand for the debt instruments fueling the firm’s digital asset purchases shows no signs of slowing as investors seek high beta exposure to the asset. Now, Banks are taking note. In the latest instance highlighting this, at least four top banks are set to underwrite the firm’s latest convertible note offering to facilitate more Bitcoin buys. A Packed Roster On Tuesday, February 18, the firm announced that it plans to raise another $2 billion through…
TRON (TRX) achieved peak Tether (USDT) activity in 2024, roughly handling more than $17.9B per day in token transfers. Trading and DeFi volumes were even higher, with a 48% yearly growth. TRON (TRX) achieved peak Tether (USDT) activity in 2024, handling on average $17.9M in token transfers. DeFi and trading volumes were higher, reaching $5.46 trillion. TRON turned into one of the most active USDT transfer platforms, despite the drop of supply at the end of 2025. The coming year, however, is seen as potentially successful for all stablecoins. In the first days of January, the total supply of stablecoins…
Nigeria’s federal government has launched another lawsuit against Binance amid an ongoing legal battle over alleged illegal operations and unpaid taxes. Nigerian authorities have asked a court to approve a whopping $79.5 billion penalty against crypto exchange Binance and compel the company to pay $2 billion in retroactive taxes. The country’s Federal Inland Revenue Service has also demanded that Binance provide financial records for 2022 and 2023. Government attorneys argued for a 10% annual penalty plus a 26.75% interest on unpaid taxes, citing lending policies from the Central Bank of Nigeria. You might also like: News Binance.US resumes USD transactions…
Despite the lack of action on the cryptocurrency market lately, there is still a lot going on behind the scenes of the price charts, especially in the on-chain realm. Large transfers are still taking place, whales are shuffling their crypto capital and exchanges are managing their hot wallets and deposits. What the recent Shiba Inu (SHIB) shift was between these two options remains open to speculation. However, it is a fact that just a week after acquiring nearly 152 billion SHIB, which is equivalent to about $2.28 million in the popular meme-inspired cryptocurrency, a wallet under the address “0x4c92” transferred…
Bitcoin, which saw a modest rally during the Christmas period, has recently witnessed a decline. The market participants appear to be booking profits, exerting downward pressure on the leading cryptocurrency’s price. With weakening buying activity, BTC’s price may soon fall below the critical $90,000 mark. This analysis explores some of the reasons behind this projection. Bitcoin Bears Apply More Pressure BTC’s decline over the past few days has pushed its price below the Leading Span A (green line) of its Ichimoku Cloud indicator, where it currently trades. This indicator tracks the momentum of an asset’s market trends and identifies potential…
Ethereum (ETH) has faced a challenging year, emerging as the worst-performing cryptocurrency among the top five, with a year-to-date decline of 20%. Currently trading at $2,710 the asset has struggled to gain momentum even during broader market recoveries. However, key network indicators suggest potential signs of a turnaround, with Ethereum transaction fees dropping to $0.41 per transfer, their lowest level since August 2024. This sharp decline signals reduced congestion and a possible accumulation phase, historically seen before price rebounds. Yet, uncertainty surrounding Ethereum’s near-term trajectory remains, leaving investors divided on its next move. Finbold AI predicts Ethereum price target for…