Author: NBTC
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…
Binance’s new platform for pre-list tokens, Binance Alpha, recently announced the fourth batch of tokens added to the selection pool. The new batch includes tokens like KOGE, BANANA, GNON, LUCE and others. In Binance Alpha’s fourth batch of pre-listed tokens, the platform has selected are a mix of Solana (SOL), Ethereum (ETH) and BNB (BNB) -based tokens. The batch includes nine tokens that were chosen based on aspects such as strong community interest, traction and hot trends. On Dec. 20, Binance Alpha released a notice unveiling the tokens included in batch number four to be Banana, Koge, Bob, Magic Power,…
The crypto industry experienced a transformative year in 2024, marked by rapid user acquisition and shifting ecosystem dynamics. A new report from Flipside highlights significant growth in user engagement, particularly on Base and Ethereum, while decentralized exchanges (DEXs) and new blockchain projects reshaped the competitive market. On-Chain Growth and Emerging Market Dynamics Base, a blockchain platform developed by Coinbase, led the market in 2024 with 13.7 million new users in October alone. This surge positioned Base as the fastest-growing chain, outpacing Ethereum’s steady average of 1.56 million new users per month. In comparison, Bitcoin’s growth lagged despite its price reaching…
History has been made with Bitcoin crossing $100k earlier today. Following Bitcoin reaching the highly anticipated mark, Anthony Scaramucci, the hedge-fund manager who experienced a brief tenure in the Trump administration, jokes that he owes his former boss a gesture of gratitude. When asked about the rise in Bitcoin prices after Trump’s re-election, he joked, “I probably have to buy Donald Trump a Christmas present.” He used to call Trump a friend but now sees him as a danger to the country, “Like a McDonald’s gift card.” Scaramucci, like many of the investors who persevered with BTC through its ups…
VeChain (VET) has disclosed in its latest post that the much-anticipated upgrade dubbed VeChain Renaissance would align rewards with impacts through four major changes. One of the changes would be the new VTHO distribution model, which would ensure that validators, builders, and “X-Nodes and Economic Nodes” remain the groups that receive network rewards. CNF recently reported on the upcoming holistic upgrade of VeChainThor through a technical roadmap called VeChain Renaissance. According to the details, this initiative aims to position stakeholders above all technical and regulatory trends while leveraging the contributions of users and developers to subject the network to significant…