Author: NBTC
Bitcoin, the original cryptocurrency, has come a long way from its informal past. From an experimental digital currency that occupied cypherpunk niches on the internet, it has grown to a trillion-dollar market cap asset valued at over $66,900 per coin as of this writing. While investing in Bitcoin is still considered a wild ride, the asset is quickly maturing. Financial institutions are closing in and creating hybrid vehicles to invest in cryptocurrency. The ecosystem reached a new milestone with the advent of Bitcoin ETFs, making people realize the immensity of Bitcoin’s potential in traditional markets and spurring new demand. As…
Korea Investment Corporation (KIC) president Park Il-young has said his firm would consider investing in virtual assets as soon as the industry secures legal stability. Il-young made the statement during a South Korean National Assembly audit. He clarified that his corporation’s KRW 4.2 billion (approximately $3 million) investment in MicroStrategy was purely a strategic move. Il-young’s statement about MicroStrategy during the National Assembly audit answered questions about his firm’s cryptocurrency investment. According to Il-young, KIC has a broader strategy for diversifying into companies with a benchmark index rather than a targeted investment in the firm itself. KIC’s Indirect Bitcoin Investment…
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. In an attempt to pack Solana blocks more efficiently, Anza engineer Tao Zhu is proposing a core change to the Solana protocol. The amendment — laid out in Solana Improvement Document (SIMD) 0172 — takes aim at Solana’s “compute budget” program, which was put in as a safeguard against computational waste. Zhu argues this leads to an inefficient use of Solana blockspace. While there seems to be reasonably broad agreement that the compute budget program should be changed, some…
Wells Fargo is facing a new class action lawsuit over the bank’s alleged failure to properly secure customers’ personally identifiable information. The lawsuit, filed by lead plaintiff Tamra Bacon, alleges Wells Fargo has suffered a “preventable hack” that has exposed thousands of customers’ data. Wells Fargo confirmed a breach last month, stating an insider at the bank accessed and used customers’ information to perpetrate fraud between May of 2022 and March of 2023. Wells Fargo says the stolen data includes names, addresses, dates of birth, phone numbers, email addresses, social security numbers, driver’s license numbers, bank account numbers, credit/debit card…
Currently, converting USDT to XMR is one of the favorite operations among traders and investors who want to conduct their business in the most confidential and anonymous way. Monero-XMR-is one of the top cryptocurrencies that provides users with the ultimate security of their financial activity. Tether is a stablecoin; that is, it strives for price stability and hence has become one of the most widely used digital assets in the crypto market. If you are among such people and in search of the most profitable ways of exchange USDT to XMR, consider the use of service providers like Exolix. With…
Bitcoin is a dominant force in the cryptocurrency industry, boasting the largest market cap out of all cryptocurrencies by a huge margin. It maintains its security by relying on a decentralized network of miners to validate transactions. These miners use specialized hardware known as “mining rigs”, and they play a pivotal role in the functioning of the Bitcoin ecosystem. However, these machines are commonly large, power-hungry, and most importantly, expensive. For someone who cannot afford to wait years for their multiple thousand dollar miner investment to pay off, they aren’t a viable option. As such, USB Bitcoin miners(also known as…
Fox Wallet has announced its strategic integration with B² Network, a leading Bitcoin Layer-2 solution. This announcement was officially made through Fox Wallet’s X account. It is considered an important step forward to adopt Bitcoin and increase the speed of its transactions. 🥳@FoxWallet is excited to announce its integration with @BSquaredNetwork, the most Practical Bitcoin Layer-2 Network.🔥🙌B² Network is a modular Bitcoin Layer2 solution. It introduces B² Rollup, the first Bitcoin rollup based on verification commitment, and B² Hub, the first… pic.twitter.com/V3QV1GwkGZ — FoxWallet Official (@FoxWallet) September 11, 2024 B² Network Revolutionizes Bitcoin with New Rollup and Data Availability Solutions…
Japan and the United States have very different ways of taxing cryptocurrency. This article breaks down those differences, comparing tax rates, taxable events, and how each country classifies cryptocurrencies. Japan’s National Tax Authority (NTA) classifies cryptocurrencies as miscellaneous income, while the United States Internal Revenue Service (IRS) treats them as property. This fundamental difference leads to variations in how crypto-related activities are taxed. Tax Rates and Taxable Events: A Closer Look Let’s take a closer look at how these classifications translate into tax rates and taxable events in each country. Japan classifies cryptocurrencies as miscellaneous income, according to the National…
Iggy Azalea threw a party for her meme coin MOTHER in Singapore last Friday following two crypto conferences in the region, and it rapidly received backlash on Crypto Twitter due to the event being full of scantily-clad women. But the Australian rapper has clapped back at critics. “Crypto WILL have ass,” she proclaimed. On Friday, a crowd of Crypto Twitter personalities, app builders, and millionaire traders attended the Motherland Rodeo Party, where Azalea hired 36 women to dance onstage and with attendees. While partygoers appeared to be enjoying themselves, based on the many shared photos, online onlookers slammed what they…
The tribunial’s investigation shows the need for better protection for crypto purchasers. WazirX’s decision to merge funds has upset many users and raised concerns. Future crypto regulations may change based on the court’s findings and actions. The Delhi High Court has placed an inquiry into the ₹2,000 crore hack of WazirX. The court issued notices to the Enforcement Directorate and the Financial Intelligence Unit. This action follows requests from investor Jaivir Bains, who seeks accountability from WazirX’s management regarding the breach. Details of the Hacking Incident The hacking incident took place in July 2024 and resulted in a loss of…