Author: NBTC

Telcoin aims to become the first regulated crypto bank and issuer of stablecoins. Telcoin’s Digital Asset Depository Charter hearing is set for December 5, 2024. Approval of Telcoin Bank’s charter is expected in early 2025 following the hearing. Telcoin, Inc. is set to hold a pivotal hearing for its application to become the first regulated digital asset bank in the United States. The hearing, scheduled for December 5, 2024, will be a critical step in the company’s effort to secure a Digital Asset Depository Charter under the Nebraska Financial Innovation Act (LB 1074, 2024). The public hearing will take place…

The global digital assets industry witnessed another instance of rug pull as an insider sold around 50% of the total supply, bringing the project down. ZachXBT even claims that he leaked the new cabal memecoin deck before they rugged investors. Shar, the newly launched memecoin, allegedly invited investors to join its project for higher returns and even claimed that it has burned 10% of its supply for the community. Later, someone sold around $3.3 million worth SHAR in a single transaction. Insider dumps 500M SHAR tokens As per the data shared by Lookonchaim, an insider sold 500 million SHAR tokens…

Fuse Network, a blockchain platform focused on payment solutions, has announced its integration with Stargate, the leading cross-chain asset bridge, based on the most current reports shared with Finbold on Tuesday, December 3 . The collaboration is expected to enhance interoperability and liquidity across the Fuse ecosystem. By tapping into Stargate’s unified liquidity model, Fuse eliminates the need for traditional liquidity pools and offers more scalable and streamlined cross-chain transactions. Fuse 🤝 @StargateFinanceWe’re thrilled to integrate with Stargate to enable unmatched composability, cross-chain liquidity and asset transfers from 20+ chains straight to Fuse ecosystem. pic.twitter.com/xKvHr8Makd — Fuse Network (@Fuse_network) November…

A closely followed crypto analyst believes the lights are green for Bitcoin (BTC) to finally break out of its lengthy consolidation period. Pseudonymous analyst Jack Sparrow tells his 254,100 followers on the social media platform X that Bitcoin is clear for take-off after moving above $62,800. The trader shares a chart suggesting that Bitcoin will initially to $70,000 before a brief dip and a rally toward his first target above $100,000. “Pray with me… If we don’t fizzle the next few weeks and finally get the breakout, the target for the next larger pause to start sits around $106,000.” Source:…

President-elect Donald Trump has signaled that his administration will take a friendlier approach to bitcoin and cryptocurrency, which may influence the way they are taxed in the US and abroad. In the US, bitcoin and crypto are currently viewed as property. Short-term gains (less than one year) are taxed between 10% and 37%, depending on income. Similarly, long-term bitcoin and crypto gains are taxed between 0% and 20%. US crypto holders may use their capital losses to offset their gains. For most individuals, the tax deadline is the same as for other assets: April 15. Up to the north, Canada…

According to the Shibburn meme wallet tracker, over the past 24 hours, the SHIB community has not advanced in burning their favorite meme coin. The data source shows zero Shiba Inu coins scorched with a minus 100% reading of this metric. Zero SHIB destroyed in 24 hours On October 23, slightly more than 27 million Shiba Inu were transferred to unspendable blockchain addresses in three transactions. On that day, the Shiba Inu burn rate soared by an impressive 6,750%. Since then not a single meme coin has been burned by the SHIB community. The most likely explanation is a glitch…

CreatorBid becomes the latest AI startup to join the io.net decentralized network of GPUs to accelerate AI development and image model scaling. io.net, one of the leading decentralized physical infrastructure networks (DePINs) welcomed CreatorBid, a hub for AI Creator economy, to its platform, earlier this week. The strategic partnership between the two firms will enable CreatorBid to scale its AI image models efficiently by leveraging io.net’s decentralized GPU network while driving down costs in comparison to traditional centralized compute service providers. CreatorBid offers users an AI Agent Launchpad and specialized AI-driven tools for creators and brands. By leveraging io.net’s network,…

At the end of September, following a broad market rally involving major global stock indices, Bitcoin once again surpassed $66,000 before retreating again. Some analysts predict a target of $100,000 for the leading cryptocurrency by the end of the year, a forecast also influenced by expectations that Bitcoin will mirror its past market cycles following the Halving, as well as the possible effect of the outcome of the American presidential elections. Added to this is the fact that historically the last quarter is when Bitcoin has typically recorded its best performances. This article will therefore delve into this possible year-end…

usdx.money, an emerging synthetic dollar stablecoin protocol, has announced that it has secured $45 million in a funding round. The firm stated that the seed round was participated by NGC Ventures, BAI Capital, Generative Ventures, UOB Venture Management, and others. The blockchain further said it will use the secured finances to boost its mission of developing the next-generation stablecoin infrastructure that connects DeFi, CeFi, and TradFi. usdx.money is a synthetic stablecoin issuance protocol committed to creating the next-gen stablecoin infrastructure. The emergence of decentralized stablecoins The digital asset landscape is continuously evolving, with innovations appearing to resolve the limitations witnessed…

With only a short time left until the US elections, the cryptocurrency sector is also closely following the process. If Kamala Harris becomes president, there is a risk that Bitcoin (BTC) and cryptocurrencies will fall, while if Donald Trump becomes president, a major rise is expected. At this point, Ripple CEO Brad Garlinghouse spoke at the 8th Annual Washington DC Fintech Week. The famous CEO touched on many topics here and argued that there should be a reset for the cryptocurrency industry regardless of the US election results. Stating that the crypto industry will experience a “reset” no matter which…