Author: NBTC

Stablecoin issuer Circle has announced a partnership with Sony Block Solutions Labs to integrate USDC as the primary transaction token on the Soneium blockchain. The initiative aims to advance the adoption of decentralized technologies and improve the global digital economy. According to a recent press release, the collaboration opens up opportunities for digital rights management, increasing fan engagement through NFTs, and providing tokenized access to content. The partnership will allow Soneium, a blockchain developed by Sony Block Solutions Labs, to integrate Bridge USDC as a central token for value exchange. Bridge USDC is a version of USD Coin (USDC) that…

WASHINGTON, Oct 31 (Reuters) – The founder of cryptocurrency market maker Gotbit was indicted for his alleged role in a wide-ranging conspiracy to manipulate cryptocurrency markets on behalf of client cryptocurrency companies, the U.S. Justice Department said on Thursday. Aleksei Andriunin, 26, was charged with wire fraud and conspiracy to commit market manipulation and wire fraud in a superseding indictment, the Justice Department said in a statement. The U.S. Justice Department says that between 2018 and 2024, when Andriunin was the firm’s CEO, Gotbit provided market manipulation services to create artificial trading volume for multiple cryptocurrency companies, including companies located…

Jim Bianco of Bianco Research has poured cold water on the success of Bitcoin exchange-traded funds, arguing that the massive concentration of the largest cryptocurrency in traditional finance is not “something to be celebrated.” In fact, according to Bianco, this should be treated as a major red flag. According to the analyst, the price of Bitcoin should have hit the $100,000 level months ago based on all the bullish catalysts such as massive ETF inflows and the Federal Reserve rate cut that took place in September. However, this wasn’t the case. The price of Bitcoin failed to log a new…

Two Abu Dhabi firms, Realize and Neovision Wealth Management, have launched a fund that tokenizes U.S. Treasury bill exchange-traded funds. The fund aims to attract investors from the Gulf, Europe, and Southeast Asia. Southeast Asia Investors to Dominate Fund Abu Dhabi firms Realize and Neovision Wealth Management have unveiled an investment fund that acquires units of U.S. Treasury bill-focused exchange-traded funds (ETFs) and tokenizes them. Known as the Realize T-Bills Fund, the fund will acquire shares of Blackrock’s low-cost ishares and State Street’s SPDR ETFs. According to a Reuters report, the two firms aim to grow the fund to $200…

Ripple CTO David Schwartz was recently part of a discussion on X (formerly Twitter), which sought to understand the concept of blockchain immutability. This was in the context of the lost transactions on the XRP Ledger and missing blocks on the Ethereum blockchain. An X user sought to understand the concept of immutability and asked the Ripple CTO about it. This tweet drew the attention of the XRP community, including a popular blockchain explorer, XRP Scan, and the Ripple CTO, who joined the discussion. Immutability is regarded as one of the core, defining properties of a blockchain. It is a…

The U.S. Court of Appeals for the Second Circuit (2nd Circ.) has ordered a brief on SEC vs. Ripple and its executives’ case to be filed on or before January 15, 2025. The court also ordered to dismiss the appeal if the SEC fails to file the brief after that date. James K. Filan, a defense lawyer and former federal prosecutor, disclosed that the SEC filed a scheduling notification under the SEC vs. Ripple and its executives’ case with the Second Circuit. In the court filings, the commission requested an extension to January 15, 2025, after failing to meet the…

“Markets hate uncertainty,” goes an old Wall Street saw. Just about 96 hours ago, the price of bitcoin (BTC) was within a few dollars of breaking through its all-time high above $73,700, perhaps helped along by a surge in momentum for crypto-friendly GOP presidential candidate Donald Trump. At that time, Trump’s victory chances on betting market Polymarket had risen to as high as 67% (with his opponent Kamala Harris’ chances dropping to a corresponding 33%). Since, though, Trump’s odds have been falling, as has the price of bitcoin and cryptocurrencies in general. At one point overnight, the former president’s victory…

MicroStrategy is one of the best ways for equity investors to gain bitcoin exposure, the report said. Canaccord raised its price target for the company to $300 from $173, while maintaining its buy rating on the shares. The broker said it was bullish about bitcoin’s outlook following spot ETF approval in the U.S. and the halving event. MicroStrategy (MSTR), the software company founded by Michael Saylor, remains one of the best ways that equity investors can gain exposure to bitcoin (BTC) given the company’s intelligent leverage strategy, broker Canaccord said in a research report Thursday. The broker raised its MicroStrategy…

DWF Labs has dumped CRV tokens worth approximately $4.12 million. This translates to 12.5 million Curve DAO tokens in the last few days. The dump of CRV tokens reportedly occurred at a loss of around 17.5%. DWF Labs had injected funds into the ecosystem at a time when it was looking for support. In 2023, a hack on the network led Michael Egorov to embark on a massive sale. He found DWF Labs as a suitable partner who was willing to acquire those tokens for around $0.40. What happened later is obvious: DWF saw a lack of growth and ended…

Germany’s crypto tax policy allows long-term holders to sell assets after one year without incurring capital gains tax. Singapore and the Cayman Islands offer zero capital gains tax, making them lucrative destinations for crypto investors. Switzerland and Malta provide clear, flexible tax policies, with Switzerland treating crypto as foreign currency and Malta supporting blockchain growth. Cryptocurrency investors are increasingly seeking jurisdictions with tax-friendly regulations to maximize their profits and manage liabilities effectively. This means that investors in the cryptos are looking for countries that will allow for the taxation of their profits and credits in a way that enables them…