Author: NBTC

The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) issued a clarification regarding VAT (Value Added Tax) for those dealing in cryptocurrency mining. As per the clarification, individuals who are crypto mining for themselves will not incur a VAT tax; however, if they are mining for others offering it as a service, they will need to pay VAT. The UAE VAT tax rate is 5%. The Federal Tax Authority define Cryptocurrency Mining as “the process where specialized computers, also known as mining rigs, validate blockchain transactions for a specific cryptocurrency, for which a reward may be received for…

SoonChain, a popular gaming L2 powered by AI, has partnered with zkLink. The partnership aims to boost asset aggregation and liquidity provision. The platform provided the details of this integration on social media. 🚀 𝗡𝗘𝗪 𝗧𝗘𝗖𝗛 𝗣𝗔𝗥𝗧𝗡𝗘𝗥 𝗔𝗟𝗘𝗥𝗧!We’re excited to welcome @zkLink_Official to the SoonChain ecosystem! zkLink Nova is the first Aggregated Layer 3 Rollup zkEVM network that brings unprecedented liquidity and asset aggregation to Ethereum and its Layer 2 Rollups… pic.twitter.com/iun9cPUMvj — SoonChain❤️AIGG (@soonchain_ai) January 13, 2025 SoonChain Collaborates with zkLink to Enhance Liquidity Provision along with Asset Aggregation SoonChain pointed out that the collaboration with zkLink takes into…

Bitcoin is nearing the $100,000 milestone, and on-chain indicators suggest the bull run is still in its nascent phase. Today, Bitcoin climbed to unprecedented heights, surpassing $98,000. This milestone comes after Bitcoin broke its previous peak of $93,000 earlier in the week. Bitcoin’s new peak at $98,300 brings it within 2% of the highly anticipated $100,000 mark. However, experts suggest that the ongoing BTC price movements, while substantial, may just be the beginning of more major price action, echoing historical patterns. Indicators Signal Bull Market Transition for Bitcoin Data from CryptoQuant highlights a shift in Bitcoin’s Bull-Bear Market Cycle Indicator,…

A new survey reveals that cryptocurrency has surged in popularity among Americans, with 68% now owning cryptocurrencies. Crypto Now Part of Americans’ Investment Portfolios A recent survey reveals that more than half of Americans (52%) have sold traditional assets, such as stocks or gold, to invest in bitcoin. Additionally, one-fifth of U.S. residents allocate over 30% of their investment funds to cryptocurrency. Overall, 68% of Americans now own cryptocurrency, indicating a significant shift in their financial strategies. The survey, conducted by Chainplay and Storible, suggests that digital assets have become increasingly important in Americans’ investment portfolios. This growing interest in…

A massive INJ whale has made $7.39 million from selling 243,699 $INJ tokens in just 12 hours. This sudden sale put pressure on the market because there were a lot of tokens suddenly available for buyers, leading to a 7.7% price drop. According to Spot On Chain, the majority of the tokens from this investor were bought between February 2021 and July 2022 at an average token value of $10.92. The Whale began selling the tokens in 2023 and 2024 at a token price of $35.9 through CowSwap and ByBit. A long-term $INJ holder with a $15M profit offloaded 243,699…

The Web3 gaming company SoarFun has revealed it will collaborate with The Yuliverse, a gamified social platform, to create cutting-edge solutions on the TON blockchain. This integration plan will entail the creation of a synergy between SoarFun’s ultra-high-frequency trading and competitive gaming and Yuliverse’s RPG adventures with social connective architectural design. We are thrilled to announce our partnership with @TheYuliverse ! 🎉Together, we’re paving the way for groundbreaking innovations on @ton_blockchain 🚀Stay tuned for what’s coming next!💡 pic.twitter.com/jvM29wVbyP — SoarFun (@SoarFunToken) January 13, 2025 Leveraging Blockchain for Gaming and Social Interaction Each of these two platforms offers several advantages to…

As I wrote in Forbes in 2021, the world is waking up to a new reality in regards to Bitcoin – the unlikely truth that Bitcoin’s programming has cyclical effects on its economy. This has led to at least 4 distinct market cycles where Bitcoin has been branded a bubble, skeptics have rung their hands, and each time, Bitcoin recovers more or less 4 years later to set new all-time highs above its previously “sky-high” valuation. I personally watched Bitcoin go from $50 to $1,300 in 2013. Then, from $1,000 to $20,000 in 2017, and I watched it go from…

Acquire.Fi, a leading Web3 investment platform, has started a new collaboration with LETSTOP, an app rewarding for safe driving. The collaboration offers extensive resources of Acquire.Fi to LETSTOP, backing its further innovation and growth. The platform took to social media to disclose this endeavor. We’ve just inked a strategic alliance with @LETST0P! 🤝We’re proud to be partnering with LETSTOP, the leading Drive2Earn platform, to provide them access to our liquid token fund, advisory and KOL support and our premier network of ecosystem partners to aid them in treasury… pic.twitter.com/PWANCBMN5u — Acquire.Fi (@Acquire_Fi) January 15, 2025 Acquire.Fi Partners with LETSTOP to…

Shytoshi Kusama, the lead developer for Shiba Inu, recently addressed the community on X, expressing optimism for collaborations and initiatives within the SHIB ecosystem. In addition, he also teased the possibility of upcoming crypto airdrops for the community. Shiba Inu Lead’s Latest Statement Emphasizing his role in the project’s growth, Kusama stated, “I am happy for any legit collaboration that plans on building on, partnering with, or airdropping ShibArmy. I just need people to understand I am not part of everything.” For the record I am happy for any legit collaboration that plans on building on, partnering with, or airdropping…

Only one milestone left before bitcoin officially enters price discovery mode: gold. No question that bitcoin is at an all-time high for US dollars. BTC hit $98,000 earlier this morning, awarding it a market cap close to $1.94 trillion (fully-diluted: $2.06 trillion). Bitcoin’s price has also formally broken 2021 records against all three major US benchmark stock indexes: the Dow Jones, S&P 500 and Nasdaq 100. Gold, though, had outperformed bitcoin following crypto’s peak in November 2021 — until this past week. As of this morning, bitcoin was up 55% since then compared to gold’s 46%. Bitcoin still needs to…