Author: NBTC

Ex-member of South Korea’s Democratic Party imprisoned for concealing 10 billion won in cryptocurrency assets. Kim Nam-kook, a former legislator for the Democratic Party of Korea, was found guilty of hiding cryptocurrency holdings while he was a member of the National Assembly and was given a jail sentence of six months. The decision was made on the morning of Oct. 28, 2024, at Kim’s trial in the Southern District Court in Yangcheon-gu, Seoul. Kim was charged with changing some of his cryptocurrency deposits into bank accounts to correspond with the claimed total assets while converting the rest of the funds…

The European Union’s Markets in Crypto-Assets Regulation (MiCA) is changing the region’s crypto market. Because of the new rules, some crypto exchanges in the EU removed Tether’s USDT stablecoin from their platforms. MiCA has strict requirements for stablecoin issuers, which caused problems for stablecoins and affected liquidity in European crypto markets. With Tether’s removal, traders are using alternatives like the euro for trading, and new stablecoin issuers want to fill the gap. MiCA Regulation and Its Impact on Tether Bloomberg reports that MiCA requires stablecoin issuers to have an e-money license and follow the requirements. Circle, the issuer of USDC,…

According to L2BEAT, big changes are coming to how we think about layer 2 (L2) projects, the group of projects that use Ethereum’s blockchain to handle more activity. Right now, the category has over 120 L2 projects and holds more than $50 billion in total value locked (TVL). For years, L2s were mainly judged on how close they were to becoming fully decentralized. However, as L2s have grown, the security risks have become more apparent. Many projects lack proof systems and rely on centralized setups and this means that user funds are vulnerable. To address these issues, L2BEAT is rolling…

XRP, the fourth-largest cryptocurrency by market cap, has seen a surge in large-holder activity in recent days. In recent hours, blockchain data tracker Whale Alert reported a massive transfer of 99,999,980 XRP, valued at nearly $234,448,405. This transaction is part of a recent rise in large XRP transfers seen in the last 48 hours. Whale Alert reports, “99,999,980 XRP worth $234,448,405 transferred from unknown wallet to unknown wallet.” 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 99,999,980 #XRP (234,448,405 USD) transferred from unknown wallet to unknown wallethttps://t.co/yGSvXZDAeG — Whale Alert (@whale_alert) December 12, 2024 The recent activity has…

The U.S. Department of Justice has now achieved its first criminal tax evasion conviction based solely on cryptocurrency activity. A Texas man received a two-year prison term for hiding significant gains from Bitcoin (BTC) trades between 2017 and 2019, which led to over $1 million in unpaid tax. The case highlights the federal government’s growing abilities to trail blockchain transactions and hold crypto users accountable for tax compliance. https://t.co/RsL0ZAa9dl — TaxDAO (@TaxDAO_DC) December 18, 2024 Ahlgren, who started investing in BTC early on in 2011, purchased 1,366 BTC through Coinbase in 2015. He had sold 640 BTC by Oct. 2017,…

MoonPay, a global leader in crypto payment solutions, has officially been granted a Money Transmitter License from the Texas Department of Banking. This regulatory milestone enables MoonPay to offer its full suite of money transmission services to millions of Texas residents.—Starting today, Texans can use MoonPay to purchase 64 different cryptocurrencies, including popular assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). What’s more, users can now pay using Venmo and PayPal, thanks to MoonPay’s recent integration of these payment methods earlier this year.Driving Crypto Adoption in the Lone Star StateTexas, the second-most populous state in the U.S. and a…

Mind Network, in collaboration with InfStones and ZAMA, has launchd the World AI Health Hub on December 19th. It will be an innovative approach to contributing to the challenges of the global healthcare system by using Fully Homomorphic Encryption (FHE) and blockchain. Thrilled to announce our groundbreaking World AI Health Hub with @InfStones , Powerd by @zama_fhe First-ever FHE-powered AI health prediction platform, revolutionizing privacy in healthcare. 🏥Learn more: https://t.co/uyRGFm7AFq pic.twitter.com/alIQQI69j5 — Mind Network (@mindnetwork_xyz) December 19, 2024 World AI Health Hub Guarantees Privacy with Encrypted Health Data The World AI Health Hub will provide personalized heath forecasts with data…

There were many crypto firsts in 2024: the first spot bitcoin ETF, the first spot ether ETF, the first time a pension fund invested in the asset class. But as the expression goes, they saved the best for last: In the waning days of the year, bitcoin (BTC) hit six digits for the first time. The cryptocurrency surged past the $100,000 mark early Thursday UTC time, mushrooming from zero value into a $2 trillion asset in a little over a decade and a half. It’s a milestone that was difficult to imagine not long ago. Just two years ago, the…

Nextmate.AI has announced a new partnership with Coin98 Super Wallet to enhance the AI and meme ecosystem. This news was shared via Nextmate AI’s official X account, formerly known as Twitter. The partnership will result in integrating AI solutions into the actively developing field of memes to provide new possibilities for users and developers. Nextmate AI Partners with Coin98 to Grow Digital Ecosystem Currently, Nextmate.AI has the aim to increase the number of partners in its ecosystem. This partnership with Coin98 is one such step in that direction. Coin98 is a free, decentralized, and safe crypto wallet that offers the…

In October, the Italian government, through the Ministry of Economy and Finance (MEF), had proposed to increase the taxation on crypto capital gains to 42%. If the measure had been definitively approved, it would have been the highest percentage in Europe. Such decision had triggered a strong reaction from the Italian crypto sector, because it rightly considered it punitive towards Italian investors, and the sector itself. In Italy, there are more than a million people who own cryptocurrencies, and several companies that operate specifically in the crypto sector. The U-turn on crypto taxation at 42% Who wanted the increase of…