Author: NBTC
Though it started out relatively strong and hit a market capitalization of $120 million already in June, Andrew Tate’s meme coin Daddy Tate (DADDY) has fallen on hard times, much like the influencer behind it. Specifically, the cryptocurrency has collapsed 70.51% in value since launch, and, at its press time price of $0.06988, it is more than 73% below its all-time highs (ATH), per data retrieved from CoinMarketCap on November 29. A watershed moment for the meme coin came early in November when the popular digital detective and YouTuber Stephen Findeisen, better known as Coffeezilla, published a video investigation of…
Rep. Earl “Buddy” Carter has proposed eliminating the Internal Revenue Service (IRS) and replacing the current US tax code with a national consumption tax through a bill known as H.R. 25, the Fair Tax Act. The legislation, unveiled on Jan. 9, would eliminate all personal and corporate income taxes, death tax, gift taxes, and payroll tax, while implementing a single national consumption tax system. One of the most noteworthy aspects of the Fair Tax is its proposal to eliminate the IRS, thereby simplifying tax administration and compliance for individuals and businesses. “The Fair Tax is exactly that – fair. It…
FatPay, a top player in decentralized payments and financial technology, has announced a new collaboration with GBox. The partnership aims to revolutionize the PayFi and GameFi sectors. The platform took its official X account to disclose this partnership. Fatpay is excited to announce the partnership with @GBox_X #GBox is an innovative platform that integrates game leagues, security and privacy isolation, and decentralized ecosystems.Together, we will reshape the future of #gamefi and #payfi🥳 pic.twitter.com/5fqrU6LNuK — FaTPay (@realFatPay) January 14, 2025 FatPay Joins Forces with GBox to Advance Fulfill Needs of Decentralized and Gaming Communities FatPay asserted that the collaboration will advance…
Brazil-based digital bank platform Nubank is rolling out a new feature to all its crypto users. The bank will offer rewards for holding the digital dollar USDC. This includes daily returns on a minimum balance of 10 USDC, with a fixed annual rate of 4%. The feature’s expansion comes after the success of a pilot program that tested variable rates with a select group of users over the past year. Customers need to access the bank app’s crypto wallet and click “I Want to Participate” to begin receiving rewards. However, users can easily opt-in and out at any time. Returns…
Calamos Investments just filed paperwork with the U.S. Securities and Exchange Commission (SEC) to launch “structured-protection” exchange-traded funds (ETFs) that hedge up to 100% of Bitcoin’s downside risk using the options market. These ETFs promise to give investors Bitcoin exposure while cushioning them from its infamous volatility. Three new strategies are on the table. One offers complete protection for six months, while the other two hedge 90% and 80% of losses over one year. Earlier this year, Calamos also filed for a one-year ETF with 100% downside protection. None of the funds have fees or tickers yet, but if approved,…
Can Usual’s revenue switch deliver on its promises amid growing concerns? The Revenue Switch, a mechanism designed to distribute 100% of Usual’s (USUAL) protocol revenue to USUALx stakers, has been launched by the USUAL token and USD0 stablecoin ecosystem creators. While the initiative marks a significant step forward for decentralized finance, its debut is accompanied by ongoing community concerns about recent changes to the protocol’s redeem function. Activated on Jan. 13, 2025, the Revenue Switch enables USUALx stakers to receive protocol-generated revenue, estimated at $5 million per month, directly in USD0. This mechanism links token value to actual earnings, aiming…
Major validators such as Nansen, Ankr, Twinstake, and Bware Labs bring valuable infrastructure and expertise, enhancing IOTA’s scalability, efficiency, and overall blockchain capabilities. These partnerships strengthen IOTA’s position as a decentralized network aimed at solving real-world challenges like supply chain management. The IOTA ecosystem is entering a new phase as it reveals the first validators for its much-anticipated testnet. It’s a significant step towards decentralization and industry collaboration as well, with major players joining the network. The increased adoption of the ecosystem also signals higher demand for the IOTA token, which is a bullish indicator of the token’s future trajectory.…
The Reserve Bank of India (RBI) has announced the composition and scope of work for the expert committee for an ethical artificial intelligence (AI) framework. In December, the RBI announced its plans to set up a committee to develop a framework for the ethical enablement of AI for the finance sector. The committee, comprising experts from diverse fields, is tasked to recommend an adaptable and robust AI framework for the financial sector. In a statement, the RBI announced the composition of the committee on FREE-AI (Framework for Responsible and Ethical Enablement of Artificial Intelligence). The committee will be led by…
The Forgotten Runiverse game launched its “Crash the Runiverse” event Tuesday, asking players to engage with its fantasy-themed massively multiplayer online role-playing game—aka MMORPG—to push its servers to the limit as it prepares for a global launch. “The goal is simple: stress-test our servers to their absolute limits and try to crash them,” the project wrote on X (formerly known as Twitter).. The event will be open until January 17 at 5pm ET. After logging into Forgotten Runiverse’s browser-based world, users will be instructed to follow the onboarding process, begin a search for in-game items, and talk to fairy character…
Over the past year, leading manufacturers of application-specific integrated circuit (ASIC) bitcoin mining rigs have introduced a range of cutting-edge devices. Many of these rigs are quickly snapped up by major mining enterprises, often disappearing from shelves shortly after release. Below is an exploration of the availability of these bitcoin miners for the average enthusiast—a closer look at what’s accessible for the average individual aiming to acquire a few units from two prominent manufacturers. The Cost of Mining—Breaking Down Air-Cooled Options From 2 Manufacturers for Hobbyists As of Jan. 12, 2025, the roster of ASIC bitcoin mining machine manufacturers remains…