Author: NBTC
Turkey has shelved plans to impose taxes on profits from stock trading and cryptocurrency investments, according to statements by Vice President Cevdet Yılmaz published on Bloomberg. Speaking to Bloomberg today, Yılmaz said that an additional tax package is not on the agenda for 2024, easing concerns among investors. “We don’t have a share tax on the agenda. It has been discussed before and has been dropped from our agenda,” he said. Instead, the government will focus on narrowing existing tax breaks as part of its broader economic strategy. Earlier this year, the idea of taxing stock market profits sparked a…
Pump.fun is a Solana-based platform that enables users to create and trade meme coins with ease. Since its inception in January 2024, the platform has garnered significant attention within the crypto community, particularly among those interested in meme coins. As of mid-2024, Pump.fun has facilitated the creation of over 1.6 million meme coins, becoming a popular choice for both casual crypto enthusiasts and serious traders looking to capitalize on the meme coin craze. Additionally, the platform has generated more than $58 million in cumulative revenue. Currently, the platform boasts a significant following, with over 111,000 active users, reflecting its widespread…
WazirX has been granted a four month moratorium under certain conditions. The Indian cryptocurrency exchange lost $234 million, some 45% of customers’ funds, in a hack in July. A Singapore court has granted Indian cryptocurrency exchange WazirX a four-month moratorium based on certain conditions on Thursday, an industry source told CoinDesk. The conditions imposed on WazirX include revealing the addresses of its Wallets through a court affidavit, responding to users’ queries, revealing its book of accounts within six weeks, and ensuring that any future voting on the way ahead is conducted on an independent platform. CoinDesk reached out to WazirX…
In his recent salvo of criticism against Bitcoin (BTC), American economist Peter Schiff has warned that it was in China’s interest to see the United States spending its resources on buying up the maiden cryptocurrency while the East Asian nation focuses on other matters. Specifically, commenting on former U.S. President Donald Trump’s arguments that America had to dominate the Bitcoin industry or China would, Schiff voiced his opinion that “China has no interest in Bitcoin” as it has “already made mining it illegal,” according to his X post on July 27. Moreover, the renowned financial analyst observed that instead of…
As far as expressions of crypto mentality go, leverage and prediction markets are about as pure as they come. Luckily, protocols are now marrying the two — enabling traders to ramp up bets on Polymarket outcomes using borrowed crypto capital. Onchain perp platform D8X, which runs on Polygon zkEVM, X Layer and Arbitrum, is the latest. It launched five leveraged orderbook markets based on Polymarket data, D8X told Blockworks exclusively. Development of the markets was first made public in July. D8X itself is a white-label engine for managing perpetual futures markets onchain. While the Switzerland-based team behind the protocol, Quantena…
General Updates Secur3 unveiled the findings of a recent Neo X EVM sidechain audit. The most notable issues found in the audit included confusion about token registration and deregistration, accounting for fees on transfer tokens, and hashing issues. The Neo team addressed these issues by disallowing the deregistration of token bridges and introducing a balance check before and after transfers. Neo is a Platinum Sponsor for the WebX 2024 conference taking place in Tokyo, Japan, Aug. 28 and 29. WebX 2024 is produced by CoinPost, Japan’s largest Web3 media entity. WebX 2023 attracted approximately 16,500 attendees from more than 40…
eToro announced today (Thursday) it has agreed to acquire Australian investing app Spaceship in a deal valued at up to AUD 80 million ($55 million). The acquisition aims to bolster eToro’s presence in Australia while expanding its long-term savings offerings globally. Spaceship, founded in 2017, has amassed over 200,000 clients and manages more than AUD 1.5 billion AUD ($1 billion) in assets through its superannuation funds and managed investment portfolios. Yoni Asia, the CEO of eToro “Spaceship and eToro share the goal of making investing accessible for everyone,” said Yoni Assia, CEO and co-founder of eToro. “We are expanding our…
In a remarkable turn of events, a dormant Bitcoin whale has awakened after being asleep for over a decade amid witnessing a return of over 541,265%. Prominent market tracker Whale Alert called attention to this development in a recent post on X. According to the update, the Bitcoin wallet “1Ny6Ry…PHv8C,” which held 37 BTC tokens, was reactivated today after being dormant for 11.8 years. Whale Awaken to $2.57 Million Profit The report highlighted that back in 2012, the 37 BTC tokens were valued at just $476, with Bitcoin priced around $12 per coin. Fast-forward to today, and this portfolio has…
CryptoQuant’s data on September 24 revealed that the public Bitcoin miners Core Scientific had an increase of 248% in YTD (year-to-date) returns. The data showed that Core Scientific was far ahead of the other two publicly traded Bitcoin miners, TeraWulf Inc. (WULF) and Iris Energy Limited (IREN). The competing firms recorded increases in returns of 96% and 10%, respectively. Core Scientific reported on September 23 that it earned 12.3 self-mined BTC in 24 hours (starting September 22), 253.7 self-mined BTC month-to-date, 5,528 self-mined BTC year-to-date, and 38,079 self-mined BTC since January 2020. According to the founder and CEO of CryptoQuant,…
Onchain detective ZachXBT has identified a major Wrapped Bitcoin (WBTC) whale as a suspicious entity involved in ransomware and pig-butchering schemes. Pig butchering scams can be described as a type of long-term fraud and investment scam in which the victim is gradually tricked into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme. He explained this information by detailing the whale’s asset data on the X platform: The 0xed805ac246f441ea0d057b81d910ef1e39eb5995 wallet holds 1,253 WBTC, or approximately $73 million. Wallet 0x9a5c7630d327885ae849217702824e5835d3c5e0 holds 185 WBTC, approximately 10.8 million USD. This crypto whale is the largest holder of WBTC…