Author: NBTC
Tax. The word may make you cringe, but it’s also one you probably don’t want to ignore. Bitcoin (BTC) hit $100,000 for the first time in December 2024, and while you’ve probably had your fair share of “I told you so” moments with the crypto skeptics over the holidays, now is the time to make sure you’re clued in on the tax side of things if you’re planning to cash in on profits. It’s not just about keeping track of your own jurisdiction; you should stay aware of global rules as well, as your jurisdiction may adopt them in the…
The price of Bitcoin spiked to an intraday high of $102,088 earlier this Thursday, surging to the highest level since Jan. 7. This comes amid speculation that a strategic Bitcoin reserve could be announced as early as next Monday. However, Polymarket sees only a 37% chance of such a reserve being created in early 2025 contrary to some expectations within the community. Last month, Jeff Park, head of alpha strategies at Bitwise Invest, recently opined that there was only a 10% chance of the strategic Bitcoin reserve being created during in 2025. However, on the off chance that it does…
The US SEC faces its first deadline today to make a decision on Grayscale’s application to convert its Solana Trust (GSOL) to an ETF. Proposed Solana ETFs from VanEck, 21Shares, Canary Capital, and Bitwise expect the regulator’s decision on Jan. 25. Source: Bloomberg NYSE Arca proposed listing shares of GSOL as a spot Solana ETP on December 4. The trust, which launched in April 2023, had 7,221,835 outstanding shares as of January 21. The deadline comes after Gary Gensler’s departure as SEC Chair. Under Gensler, the SEC’s Division of Enforcement initiated numerous lawsuits against crypto companies, including ones targeting Binance…
A decade of imprisonment ends with a simple two-word message. Ross Ulbricht, the creator of Silk Road, has been pardoned and released, and Vitalik Buterin, Ethereum’s creator, welcomed him back with a subtle but iconic gesture — a “GM Ross” on social media. No stranger to symbolism, the phrase “GM” carries more weight in the crypto community than one might assume. It is shorthand for “good morning,” a greeting that has become a rallying cry for optimism and unity among crypto enthusiasts. For a figure like Buterin to use it in this context signals a moment of significance, both for…
At its lowest exchange reserve in seven years, Bitcoin has achieved a noteworthy milestone. The exchange reserve chart shows a steep decline to 20.4 million Bitcoin on exchanges. Fewer coins are available for instant trading when the reserve is this low, which could be a bullish indication for the market. Bitcoin is trading above $100,000 on the price chart for the first time since its recent breakout, indicating encouraging momentum. The stage is set for further bullish performance following the breakout of important resistance levels such as the 50 EMA. The price increase and the shrinking exchange reserves point to…
Soneium, a popular Ethereum L2 blockchain, has announced its partnership with SonovaNFT, a well-known NFT marketplace. The collaboration underscores a landmark development in redefining the NFT innovation, to increase digital creativity. The platform took to social media to provide the details of this partnership. 1/ We’re excited to welcome @SonovaNFT and its vibrant creator community to the Soneium ecosystem.Community will be able to experience Sonova’s NFT marketplace on Soneium.Own your piece: https://t.co/cIcDFDTlby pic.twitter.com/MnwNdnGQ72 — Soneium 💿 (@soneium) January 24, 2025 Soneium Partners with SonovaNFT to Increase Accessibility for NFT Collectors and Creators Soneium disclosed that, by collaborating with SonovaNFT, it…
On March 28th, 2023, Flagstar Bank, the acquirer of Signature Bank, informed my company that they would not be assuming our bank account. They also closed accounts unrelated to crypto that I had set up for my family. Fluence was just one of many de-banked in 2023 as part of Chokepoint 2.0, one prong of the Biden administration’s war on crypto. The End of Unfair Actions against Crypto Other founders suffered far more, with the Securities and Exchange Commission (SEC) actions towards them unless they shut down projects they had already left. The more public actions of the previous Joe…
Robert Kiyosaki, financial and investment expert and the author of the best-selling book “Rich Dad Poor Dad” has taken to social media to discuss with his followers an asset that he strongly believes in, aside from Bitcoin. “Silver is going to take off”; “Supply low…demand high” This time, Robert Kiyosaki chose silver as the topic for his tweet. That is one of the three assets that he believes to be safe haven ones, predicting their prices to skyrocket in the near future. The other two are the world’s bellwether cryptocurrency Bitcoin and the most popular precious metal – gold. In…
On Jan. 24, THORChain announced via X that it had paused its network due to excessive debt and leverage issues impacting its ecosystem. The platform owes nearly $200 million in ecosystem debt. In DeFi, ecosystem debt occurs when a blockchain owes more tokens than it holds, as seen with THORChain’s current situation. This often results from overambitious promises or mismanagement, leading to financial imbalances. On the other hand, leverage risk comes when users are using their crypto assets as collateral to borrow against to improve their positions. Leverage risks can magnify profits but also come with massive losses if the market…
Nate Geraci, CEO of The ETF Store, brought on discussions within crypto twitter when he predicted Cardano (ADA) to be the next digital asset to see spot ETF filings. With the surge of interest in crypto ETFs, ADA might soon join the race. Top 10 crypto assets by market cap…2 have live ETFs3 have live ETF filingsGuessing cardano is next pic.twitter.com/XhI8NqUa2B — Nate Geraci (@NateGeraci) January 23, 2025 Geraci believes ADA is a strong contender for issuers, alongside Avalanche (AVAX). This comes as the market shows growing interest in crypto index funds and spot ETF filings for coins like Solana…