Author: NBTC
U.S. President Joe Biden unveiled his proposed fiscal year 2025 budget proposal, which included a crypto mining excise tax and addressing crypto in wash-sale rules. These are similar taxes to those proposed last year, which ultimately weren’t taken up by Congress. U.S. President Joe Biden will once again pitch a wash trading rule, crypto mining tax and other regulations in his proposed budget for the upcoming year, taxes that the administration suggests could generate nearly $10 billion in 2025, and north of $42 billion over the next decade. The president’s proposed budget for the upcoming fiscal year, released Monday, includes…
Fans of the outer space role-playing game have spent the last two decades filling the persistent universe with epic-scale battles, launching in-game corporations with over 10,000 players, and developing community lore so extensive that multiple books have been written about it. They’ve also deployed extensive tools and data platforms around CCP Games’ creation, plugging holes and expanding on the game in ways that the Icelandic studio hadn’t conceived of. CCP Games founder and CEO Hilmar Veigar Pétursson told Decrypt’s GG that half of the activity on Eve Online’s database is now generated by externally developed code. Eve Online players embraced…
Koinly recently announced a partnership with NEAR Protocol. The announcement was made on the official X account of Koinly. The recent partnership is aimed at simplifying the tax process for global crypto use. The tweet by Koinly sheds some light on how it will be done: Seamless Integration: Users can get started with their crypto tax journey by simply signing up with Koinly. Once done, they can connect their NEAR wallet using the public address. There is no need for CSV imports or manual data entry. Automated Calculations: Users no longer need to perform laborious tasks with the assistance of…
One of the more underappreciated aspects of the rise of spot Bitcoin ETFs in the US is the renewed perceived affordability of Bitcoin among new investors. While 1 BTC still equals 1 BTC, investors purchasing shares in Bitcoin ETFs like IBIT, ARKB, BRRR, EZBC, and BITB can do so for under $50 per share. While the relative amount of Bitcoin owned per share means that purchasing 1 IBIT share for $33 is roughly equivalent to buying $35 worth of Bitcoin, there is a unit bias at play that needs addressing. Currently, $35 can buy you 0.00052BTC or 1 IBIT share.…
Ethereum NFT collectibles platform Veve has launched its new VeVe Comics platform and digital comic book reader, the company said on Thursday. The first batch of comic books hails from industry juggernaut Marvel Comics. With Marvel as its launch partner, VeVe said fans now have access to over 300 new Marvel digital issues, including those based on heroes like Spider-Man, X-Men, Captain Marvel, and Black Panther. New comic books will be added the same day they are available in print and will include panel-by-panel viewing; the company claims each page was digitally converted by hand. What makes VeVe’s comic book…
Cryptocurrency analytics company Layergg has published a statement predicting the next altcoin to be listed at Binance’s Launchpool event. The company announced that it is eagerly awaiting the next Launchpool after PORTAL and has identified several projects that could appear as the next Launchpool. The analysis company used the following criteria when determining these candidates: Powered by influencers tasks on x An upcoming token creation event Announcement that airdrop will be given to those who hold NFT Layergg recently noted that some influencers, such as Dingaling, seem to be interestingly good at choosing which altcoins Binance can list. Layergg also…
The Terraform Labs and UST crisis triggered a market crash, costing investors billions. Now, nearly two years on, what’s the current state of this cryptocurrency turmoil? Do Kwon, the founder of Terraform Labs and the developer of TerraUSD (UST) and Luna tokens, continues to be a controversial and mysterious figure in the cryptocurrency world. In mid-March 2022, the value of UST and Luna plummeted to almost zero, quickly wiping out approximately $60 billion from investors’ holdings. Since then, there have been major developments. Kwon is awaiting extradition, and attempts are being made to revive the formerly successful project. The ongoing…
Ahead of its impending token airdrop on The Open Network, viral Telegram clicker game Notcoin just revealed that it’s giving away a total of 100,000 Toncoin (TON) to players via a new quest—and millions of in-game coins for certain “O.G.” users. It all stems from a new in-game quest called “TON for Fun.” Players who complete all the tasks in the quest will get a 3 million Notcoin bonus and 1 TON. A total of 100,000 TON are being given out to players who participate in the quest, collectively worth just over $400,000 as of this writing, and the quest…
The need for an organization connecting all banks is clear in today’s hyper-globalized economy where funds, goods and services are sent across every corner of the globe. So as globalization expanded, our deeply interconnected and centralized financial system triggered the development of SWIFT (Society for Worldwide Interbank Financial Telecommunication) in 1973, a member-owned messaging network for financial institutions to send secure communications as well as verify and settle inter-bank transactions. SWIFT connects more than 11 thousand financial institutions across 200 countries and territories — long serving as a unified and stable institution amid a complex and volatile world order. But…
Tech billionaire Elon Musk has published a tweet to praise his xAI’s invention Grok versus its rival – the brainchild of OpenAI called ChatGPT. While Grok has mentioned Bitcoin breaking a new price record the other day, ChatGPT has rejected this important for the financial and cryptocurrency sector news. Musk’s Grok confirms new Bitcoin all-time high Quoting a tweet posted by a Twitter user “Dogecoin Designer” about the recently set new Bitcoin all-time high and the reaction of Grok and ChatGPT chatbots to this significant event, Musk tweeted: “Real-time systems ftw”. The initial message of the “Dogecoin Designer” goes as…