Author: NBTC
A closely followed analyst says that Bitcoin (BTC) is reaching a point in its market cycle that has historically coincided with significant price corrections. In a new video update on YouTube, pseudonymous analyst Rekt Capital tells his 63,500 subscribers that roughly two to four weeks before the Bitcoin halving, when miners’ BTC rewards are cut in half, the flagship crypto asset enters a “danger zone” where it’s prone to price retracements. Says Rekt Capital, “Well, 28 days to 14 days before the halving event gives us a danger zone of some sort. This is a historical danger zone where Bitcoin…
A draft version of an IRS form spread fear and uncertainty across the crypto industry this week, with sections of the document leading some to believe that American DeFi users may soon be required to report their self-custodial wallet addresses to the federal government. Come 2025, the document, Form 1099-DA, will become a mandatory filing for any crypto transaction deemed by the IRS to have sourced from a broker. What exactly that means is still unclear. Crypto exchanges will all but certainly be considered brokerages by the IRS; in November, crypto lobbying groups expressed concern that the tax enforcer could…
Data Ownership Protocol (DOP) announced today the successful raise of $162 million in its pre-launch token sale. Users from Ethereum Virtual Machine-compatible networks might choose which assets they display on DOP’s solution, addressing the issue of excessive transparency on public blockchains, and the protocol’s mainnet is set to launch on May 2024. The protocol also conducted an incentivized testnet run, registering 2.7 million users who became eligible to claim DOP tokens on Mar. 29, according to an X post. Moreover, DOP shared in the announcement its commitment to regulatory compliance, as it positions itself as a pro-regulation entity, ready to…
The U.S. Department of Justice pushed back against Tornado Cash developer Roman Storm’s motion to dismiss a criminal indictment against him. Tornado Cash was a money transmitting business, and the DOJ said it expects its evidence to support the charges, a Friday filing said. The U.S. Department of Justice rebuffed Tornado Cash developer Roman Storm’s motion to dismiss criminal charges on Friday, saying the defense filing presented disputed facts that a jury should weigh in on, rather than arguments that fit an early-stage motion. The DOJ charged Storm, alongside fellow developer Roman Semenov, with conspiring to commit money laundering, conspiring…
In a significant move to enhance understanding and promote responsible innovation within the Web3 space, Hedera, in partnership with the Blockchain Foundation, has announced the launch of an Education Learning Briefing Series. This initiative, designed to explore critical aspects of responsible innovation, is set to unfold across several U.S. cities including Washington, DC; Boston, MA; Columbus, OH; and Anaheim, CA. The series will emphasize the interconnectedness of the burgeoning Web3 ecosystem with traditional financial systems, aiming to highlight the collaborative efforts needed to foster a secure and prosperous digital future. This educational endeavor aligns with the goals of the bipartisan…
London’s wealthiest residents are opting to pay their rent using cryptocurrencies, following the asset class’s soaring mass appeal in recent months. According to a report by CityAM, affluent residents in the UK’s capital city are opting for digital currencies to pay landlords, and one real estate company describes the trend as “a step into the future.” Aware of the growing trend, real estate firm Knightsbridge Prime Property confirmed a partnership with virtual currency service provider Bitcashier to facilitate rent payments using the asset class. According to the report, other property firms in the region are shopping for similar deals with…
PropyKeys aims to make real estate ownership more accessible, secure, and engaging through the help of Chainlink Automation. The integration of PropyKeys and Chainlink Automation is a huge leap toward mainstream adoption of LINK and PRO crypto assets. The unquenchable need to tokenize real-world assets (RWA) through blockchain technology has significantly improved global cryptocurrency liquidity. As Crypto News Flash previously reported, the future of the cryptocurrency industry is largely pegged to the concept of real-world asset tokenization. Moreover, asset tokenization through the use of reputable smart contracts helps enterprises reach global markets with ease. PropyKeys Taps on Chainlink Automation to…
A recent announcement by Footprint Analytics, a trailblazer in blockchain data solutions, marks a pivotal moment, with the firm forging a partnership with Core Chain, an avant-garde Layer 1 blockchain platform powered by Bitcoin. This alliance promises to meld advanced data analytics with robust blockchain infrastructure, setting the stage for transformative enhancements across the blockchain ecosystem. Pioneering Integration: Core Chain’s Blockchain Innovation Core Chain emerges as a cornerstone in this partnership, distinguished by its integration with Bitcoin’s security protocols and its compatibility with Ethereum Virtual Machine (EVM). This fusion not only underscores Core Chain’s commitment to security via Bitcoin’s mining…
Jane Street Capital has accumulated substantial Coinbase stock. According to financial intelligence site Fintel, Jane Street owned 5.3% of Coinbase’s outstanding shares in February. COIN was valued at $140.86 at the time of the company’s 13G filing on Feb. 9, placing the value of its holdings at $1.4 billion. At a current share price of $236.40, the same shares are worth approximately $2.4 billion, though it is unclear whether Jane Street’s holdings have changed since February. Jane Street’s current holdings represent an increase from previous months. Yahoo! Finance indicates that Jane Street held just 1.92% of outstanding shares in December,…
Ethena Labs has just announced the launch of its governance token, $ENA, and the expansion of its yield-earning stablecoin, synthetic dollar token USDe. The upcoming debut has garnered considerable attention, including praise from Arthur Hayes, the former CEO of BitMEX, among other crypto enthusiasts. But it has a complex backstory. Ethena says it will use this new token to be more decentralized, accessible and secure. The company also airdropped 5% of the total $ENA supply to all USDe and sUSDe holders as part of its Season 2 campaign, which is set to last five months. But Ethena was ensnared in…