Author: NBTC
Stablecoin usage on Polygon remains high among retail users. This type of activity has kept the chain relevant. It is one of the older L2 chains, working both with its legacy chain and the new Polygon ZK EVM. Polygon is still one of the primary chains for stablecoin transfers. The L2 has legacy status, mostly based on its collection of apps and games. Based on stablecoin statistics by VISA, it remains a strong venue for stablecoin users. However, the recent shift toward newer L2 chains affected the status of the original Polygon chain as an already established Web3 tool. Stablecoin…
A powerful group of unions has declared war on the US Treasury Department, filing a lawsuit to stop Elon Musk’s Department of Government Efficiency (D.O.G.E) from accessing sensitive financial and personal information yesterday. The unions want an immediate court order slamming the brakes on Elon’s access to federal payment systems, saying the Treasury illegally handed Elon’s team the keys to the nation’s confidential data, including records tied to taxpayers, federal employees, and companies. The lawsuit was filed after Scott Bessent, who now heads the Treasury, approved the access, which the unions are saying violates federal privacy protections and places all…
Orbler, a blockchain innovation platform, has announced its strategic partnership with AigoAgent, an AI-driven trading platform. The partnership is aimed at reshaping digital finance by providing simplified asset control, risk-free quant trading, and streamlined global spending. This advancement will be done through the integration of Mastercard and digital-to-fiat Visa. 🚀 Exciting news! Orbler is partnering with @AIgoAgentAn AI-driven quantitative investment platform for digital assets! 💰 With unified asset control, zero-risk quant trading, and global spend access via digital-to-fiat Visa/Mastercard. #Web3 #AI #BTC pic.twitter.com/huoDUecuF7 — Orbler (@Orbler1) February 4, 2025 Users can leverage Orbler’s blockchain innovation expertise and AIgoAgent’s groundbreaking technology…
Russia now requires crypto miners to report earnings by the 20th of the following month, tightening oversight and restricting mining to approved entities while barring financial crime offenders. Russia Demands Crypto Miners Report Earnings—New Law Reshapes Industry Russia’s Federal Tax Service (FNS) revealed on Feb. 3 that taxpayers involved in digital currency mining now have the ability to declare their cryptocurrency earnings through their personal accounts. This development corresponds with Federal Law No. 259-FZ, which outlines the legal framework for cryptocurrency mining and taxation in the country. According to a statement translated by Google, the FNS specified: Taxpayers who are…
Bitcoin must defend $91,600 to avoid falling to lower prices and keep its upward momentum alive. Breaking this level could result in a bearish move, with the next major support around $86,800. A strong bounce here may spark a rally, driving Bitcoin closer to its anticipated $130,000 price range. As BTC/USDT trades at $93,287, the critical support level of $91,600 is under scrutiny, marking a decisive moment for the flagship cryptocurrency. Renowned analyst CryptoPatel highlights the importance of this level as Bitcoin’s potential springboard to new heights between $120,000 and $130,000. 🚨 If you want to see #Bitcoin hit a…
U.S. Representative Michael Collins has expanded his crypto portfolio again, making a fresh Ethereum purchase amid the latest price drop. According to a recent financial disclosure picked up by Unusual Whales, Rep. Collins acquired between $1,000 and $15,000 worth of Ethereum (ETH) and invested an additional $30,000 in Virtuals Protocol (VIRTUAL). The accumulation comes on the back of a broader market collapse, with ETH losing the $3,000 mark. BREAKING: US Representative Michael Collins has continued to buy crypto currency. He just disclosed buying $15K in $ETH and $30k in $VIRTUAL. He sold VIRTUAL 9 days later, after being down an…
Amid widespread criticisms of Donald Trump’s newly launched meme coin, Ark Investment’s CEO, Cathie Wood, has insisted that the ploy ushers in a new crypto revolution. She told Bloomberg in a recent interview that the launch suggested a paradigm shift in the crypto industry as meme coins gain traction. The Bitcoin enthusiast stated that this is one of the “meme coin moments” for crypto as the sector continues to match toe to toe with utility assets. Wood likened the recent movement to the initial coin offering (ICO) campaign, which was predominant in 2017. During this phase, thousands of crypto assets…
Solana has gained significant traction since late last year, posting over 10 million active addresses for 8 weeks and counting. The data highlights the growing number of unique addresses as a function of the spike in Solana adoption since last year. Dune Analytics data revealed that the blockchain has recorded over 22 million active addresses in the past week. DefiLlama data further indicated that the active addresses recorded on Solana over the past 24 hours were over 4.2 million. The numbers reflect the increase in user activity on the layer 1 blockchain. A recent Syncracy report indicated that the blockchain…
The U.S. Commodity Futures Trading Commission’s legal campaign against prediction market platforms such as Polymarket and Kalshi can’t just be shut down, according to Caroline Pham, the acting agency chairman put in place by President Donald Trump. Pham said the agency will gather experts for a roundtable meeting, probably next month, that can build a case for how the commission ought to approach regulation and oversight of firms that offer betting on event contracts. She noted that despite her continued objections in recent years to former Chairman Rostin Behnam’s enforcement stance against prediction markets — including wagers made on sporting…
Popular Kick streamer Adin Ross said he plans to create a crypto-infused custom server for Grand Theft Auto 6 with gaming influencer and FaZe Clan CEO and co-founder Richard “FaZe Banks” Bengtson, once the hotly anticipated title hits shelves. But the plan could be doomed from the start. “When GTA 6 drops, me and Ricky are going to make the biggest server together,” Ross said during a livestream on Monday. “And I promise you, it’s going to be completely crypto. Everything pro-crypto about it. It’s going to change the game.” Adin ross announces GTA 6 news pic.twitter.com/uNuht1Vi3w — Rak (@vvsrak)…