Author: NBTC
ShibaCon 2024 marks Shiba Inu’s inaugural global conference, set in Bangkok alongside DevCon. Lead developer Shytoshi Kusama announced the event, emphasizing community and innovation. The conference aims to showcase Shiba Inu’s tech advancements and foster global community engagement. Shytoshi Kusama, the lead developer of Shiba Inu, has announced the inaugural ShibaCon 2024. This event, scheduled for Bangkok has generated excitement among the Shib Army and demonstrates Shiba Inu’s ongoing development and commitment to social responsibility. #SHIBARMY rejoice! The inaugural ShibaCon is coming to Bangkok! Celebrate our fantastic community & project growth with discussions on tech, ecosystem & future plans. Stay…
The new U.S. tax form for crypto investors’ brokerage accounts is out, and it’s been narrowed in significant ways from an earlier version. Crypto’s 1099 form will “bring more ease and clarity” for those paying U.S. crypto taxes, according to IRS officials. The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA. Beginning in 2026, crypto investors who use brokers – which, for now, largely means centralized crypto exchanges like Coinbase and Kraken – will receive the 1099-DA from those…
As the price of Bitcoin (BTC) continues to lean bearish and stagnate around the $64,000 mark, far beneath the all-time high (ATH) achieved in March this year and just above a critical demand zone, on-chain activity has faltered alongside, and total Bitcoin transaction fees have plummeted by over 60%. Specifically, the total transaction fees on Bitcoin’s network have experienced a significant decrease of a staggering 64%, bringing down the figure to $19.2 million, according to the data shared by blockchain and cryptocurrency analytics platform IntoTheBlock in an X post on June 21. Indeed, Bitcoin transaction fees typically reflect activity on…
At Tether, we remain dedicated to fostering a robust and innovative blockchain ecosystem for USD₮ and all other tokens we issue. This commitment drives us to continuously assess our transport layers, ensuring a balance between maintainability and usage while prioritizing community interest. Community input is crucial in our decision-making process for deploying Tether tokens on specific blockchains. In deciding whether to support a blockchain, we evaluate network security, support for customers, compliance with regulatory requirements, and regulatory oversight to seek to ensure user safety, usability, and sustainability. In doing so, our priority is to allocate resources where they can best…
Social media giant X has stopped collecting personal information from European users to train its artificial intelligence (AI) systems, following a probe by Ireland’s Data Protection Commission (DPC). The suspension comes after concerns were raised that the company’s data practices may infringe on the General Data Protection Regulation (GDPR), according to a statement by the DPC on Friday. The investigation was launched in response to eight complaints lodged by European countries spearheaded by the advocacy group None Of Your Business (NOYB). NOYB accused the firm of violating GDPR rules through failure to obtain explicit consent from users and lack of…
Siacoin (SC) is among a number of altcoins whose price has seen a significant rise on Wednesday, up 29% in the last 24 hours. On Wednesday, Siacoin’s price rose to $0.005248 from a low of $0.004103, extending the gains seen since the altcoin hit $0.003531 on July 5. SC is ranked among the top 100 cryptocurrencies by market capitalization. SC’s market capitalization rose 27% to more than $303 million. Meanwhile, 24-hour trading volume soared more than 2,700% to more than $72.7 million. Siacoin is the native token of Sia, a decentralized cloud storage network that offers a marketplace where users…
JPMorgan Chase is already hearing from US lawmakers after declaring it may soon impose unprecedented fees on its 80 million-plus customers. In a letter to the banking giant obtained by Fortune, Democratic Senators Elizabeth Warren and Chris Van Hollen blast the bank’s flirtations with fee hikes, including charges for basic checking accounts and services. “Will JPMorgan Chase reduce its stock buybacks instead of imposing new fees on its customers? Will JPMorgan Chase reduce executive pay instead of imposing new fees on its customers? JPMorgan Chase’s potential imposition of new costs on its customers in response to legal and long-overdue efforts…
Despite Bitcoin price struggling to break higher since the latest rejection from the $70k mark, the vast majority of BTC holders are still profitable. Although MicroStrategy purchased 11,931 BTC worth $786 million using the proceeds from a recent convertible notes offering, the slight uptick in Bitcoin price to above $65,000 has ended with the flagship cryptocurrency back under $64,000. Despite this, data from IntoTheBlock shows 87% of BTC holders are still in profit. Most holders are above water having acquired BTC at average prices that are relatively lower compared to current level. On-chain data shows 46.72 million addresses are currently…
The US SEC has recently concluded a settlement with Ideanomics Inc. over fraudulent reporting of cryptocurrency revenue. Ideanomics faced allegations of inflating its crypto revenue reports by $40 million. Significant penalties were imposed, including a ten-year ban for the company’s CEO and substantial monetary fines. This article covers the SEC’s settlement with Ideanomics, detailing the penalties and implications of the fraudulent crypto revenue reporting. US SEC Settles Fraud Charges with Ideanomics The United States Securities and Exchange Commission (SEC) has successfully settled charges against Ideanomics Inc. for fraudulent financial reporting, specifically involving cryptocurrency revenue. The firm and its former executives…
Bitcoin’s (BTC) slow bleed lower over the past weeks has sped up Friday, the price dipping more than 3% in the past 24 hours to slide to about a five-week low of $63,700, now lower by 9% over the past month. Contrarian bulls, however, might take comfort as indicators tracked by analysis firm Santiment show that crowd sentiment for BTC is now in its fourth week of “extreme negative” reading. “The crowd is mainly fearful or disinterested toward Bitcoin,” the firm said in an X post Friday. “This extended level of FUD is rare, as traders continue to capitulate,” they…