Author: NBTC
Republican candidates are voicing sharp criticism after a major pro-crypto political action committee (PAC) announced support for Democrats in crucial Senate races in Arizona and Michigan — a move that many in the GOP see as a betrayal of their growing alliance with the crypto industry. Fairshake PAC, along with its affiliated super PACs, announced on Aug. 14 that it had allocated approximately $3 million each to back Democratic candidates Rep. Ruben Gallego in Arizona and Rep. Elissa Slotkin in Michigan. The endorsements come as a shock to many Republicans, who had increasingly viewed the crypto sector as a natural…
In a recent interview with CryptoSlate at BTC Prague 2024, Fred Thiel, CEO of Marathon Digital Holdings, shared his insights on several critical aspects of the Bitcoin landscape, focusing on transaction fees, hash rate resilience, and global expansion initiatives. Transaction Fees and Future Trends Thiel highlighted the conditions of Bitcoin transaction fees, noting that large payloads requiring prioritization drive higher fees. He emphasized that transaction volume in the mempool is the primary driver, with various value-added services built on top of base transaction fees. Thiel likened it to a tiered system, where first-class services guarantee transaction finality and lower-tier services…
Binance witnessed a massive 127 million Jasmy coin purchase, signaling strong investor interest and confidence. Such substantial acquisitions often precede price increases, suggesting optimism about Jasmy’s future prospects. Jasmy coin’s steady rise is driven by its unique value proposition in democratization and IoT applications. In the last five days, Binance has seen an astonishing 127 million Jasmy coins purchased. This surge has raised questions about the future of Jasmy coin and investors. In the last 5 days, 127 million #Jasmy coins have been purchased on #Binance! 🔥 pic.twitter.com/yePTCFtao0 — STEPH IS CRYPTO (@Steph_iscrypto) July 7, 2024 Such substantial purchases have…
Alabama representative Mike Shaw, R-Hoover has announced the intent to proclaim legislation to regulate cryptocurrency and blockchain technology, as it increasingly becomes an integral part of citizens in Alabama. This comes barely a month after crypto stakeholders in Alabama including lawmakers and businesses met to discuss how to regulate the crypto market and blockchain technology for the benefit of all. Shaw targets next year for the introduction of the regulation In his address Wednesday, to attendees of the town hall meeting in Montgomery, organized by Coinbase, a cryptocurrency exchange firm, Shaw said the planned legislation will be introduced next year.…
As of June 17, 2024, Bitcoin is trading at $65,805, with a 24-hour intraday range between $65,518 and $66,992. The cryptocurrency market is displaying notable volatility, as evidenced by significant trading volume and fluctuating price levels. Bitcoin Bitcoin’s 1-hour chart reveals a clear downward trend following a recent peak, with key resistance and support levels at $66,914 and $65,521, respectively. Trading volume spikes correlate with large downturns, indicating substantial selling pressure. A potential entry point could be identified after confirmed support at $65,450 if the price shows upward movement with increasing volume. Mirroring bitcoin’s 1-hour chart, the 4-hour timeframe also…
Crypto influencer Rasgard recently took to X (formerly Twitter) to shed light on the alleged wrongdoings of Do Kwon and the now-bankrupt Terraform Labs, the company behind the $40 billion collapse of the Terra Luna stablecoin project. Rasgard accused Kwon of deception and manipulation, stating that the Terraform Labs founder “always played his own game and misled people.” This is Do Kwon.Net worth over $3 billion.Founder of Luna and UST, whose collapse wiped out $45 billion in one week.Here’s the untold story behind it 🧵👇 pic.twitter.com/I4Db8k4NXk — Rasgard (@rasgard_lodbrok) July 7, 2024 Terraform Labs, a once-prominent blockchain platform, filed for…
Better Markets CEO Dennis Kelleher believes that the U.S. Securities and Exchange Commission has a 90% chance of eventually winning the Ripple case on appeal. Kelleher opined that the judge had gotten “90 years of law upside down” with the July 2023 ruling, which deprives unsophisticated investors of the protection offered by securities laws. Last year, Judge Analisa Torres famously ruled that only Ripple’s institutional sales violated the securities laws. However, the controversial ruling was rejected by U.S. District Judge Jed Rakoff. As reported by U.Today, Rakoff opined that the method of sale should not affect the legal status of…
Today, June 17, marks the 14th anniversary of one of the most pivotal statements in the history of cryptocurrency, one made by Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Exactly 14 years ago, Satoshi articulated a key aspect of Bitcoin’s nature that has since become a cornerstone of its identity and functionality. In a tweet, renowned Bitcoin historian @Pete_rizzo on X highlighted Satoshi’s historic statement about Bitcoin. ✨ Satoshi Nakamoto on #Bitcoin exactly 14 years ago pic.twitter.com/StaCC802SM — The Bitcoin Historian (@pete_rizzo_) June 17, 2024 In a statement that dates back to June 17, 2010, and would shape the future…
A research paper titled “Potential Climate Impact of Retail CBDC Models” tests Algorand and Hedera as a representation of the e-Krona model and its decentralized design. At press time, 130 countries had explored the possibility of rolling out a CBDC, representing 98% of the global GDP. The Sweden Riks Bank has reportedly subjected Algorand and Hedera to test for retail solutions for the e-Krona’s project. In a report entitled “Potential Climate Impact of Retail CBDC Models,” Riks Bank explored a several aspect of the project, claiming it is designed as a token utilizing blockchain technology. According to the report, the…
The IRS has recently introduced new rules to simplify the income tax return and taxes for crypto investors. These changes promise to make taxation more transparent and manageable. Let’s see all the details below. How the new IRS regulations will affect taxes on crypto Reactions of the sector and opinions of the experts Impacts on future tax regulations How the new IRS regulations will affect taxes on crypto In recent years, tax regulations on cryptocurrencies have been a source of confusion for many investors. However, the ‘IRS has recently announced a series of changes aimed at simplifying the income tax…