Author: NBTC

South Korea’s National Tax Service (NTS) has opened a tender for software licenses to track virtual asset transactions as part of tax evasion enforcement, according to a government procurement notice. The notice said the contract is for “virtual asset tax evasion response transaction-tracking software licenses,” with a budget of 146.5 million won (around $99,500), including value-added tax and delivery due within 30 days of contract signing. Bid submissions are scheduled for April 28 to April 30, with proposal evaluation set for May 7. The procurement notice itself gives limited detail on the software’s technical scope. However, citing an official from…

BitMEX, a derivatives-focused cryptocurrency exchange, said it has secured a custody partner to enable asset segregation and trading with off-exchange assets. The company announced Tuesday a partnership with Zodia Custody to allow traders to access derivatives while keeping collateral in segregated custody. The integration is immediately accessible via Interchange, Zodia Custody’s off-venue settlement solution. BitMEX CEO Stephan Lutz told Cointelegraph the move reflects lessons from past market failures, including the FTX collapse and the $1.4 billion Bybit hack, which exposed risks tied to unsegregated or compromised exchange-held funds. “Cases like the FTX collapse and the Bybit hack are examples of…

Gate has integrated Kasplex Layer 2 on Kaspa, opening a direct bridge for users to move $KAS onto an EVM‑compatible DeFi environment. Gate has officially integrated the Kasplex Layer 2 network, allowing users to move Kaspa’s native token $KAS between the Kaspa Layer 1 chain and Kasplex L2 directly through the exchange. According to Gate, customers can now “transfer $KAS from Kaspa L1 to the Kasplex L2 wallet,” a step the platform says will “significantly” reduce entry barriers while “enhancing asset circulation and on‑chain interaction” for $KAS holders. Kasplex is a Layer 2 solution built on top of Kaspa’s BlockDAG‑based…

In a significant move for decentralized finance liquidity, Tron founder Justin Sun has executed another major capital allocation, depositing $55.01 million in $USDC into the Spark protocol. This transaction, confirmed by blockchain analytics, brings his total deposits to a staggering $179 million over just 48 hours, signaling a powerful vote of confidence in the evolving DeFi landscape. The strategic deployment of such substantial stablecoin capital immediately impacts lending markets and yield opportunities across the ecosystem. Justin Sun’s Latest $55 Million Spark Transaction Blockchain analyst ai_9684xtpa first identified the transaction sequence. Justin Sun initiated the move by withdrawing exactly 55,010,000 $USDC…

Ethereum is showing two signs of strength at the same time. One chart shows the first bullish SuperTrend flip in more than a year, while another shows $ETH still holding a long term support curve that keeps the $8,000 cycle target in play. Ethereum SuperTrend Turns Bullish After More Than a Year Ali Charts says Ethereum’s SuperTrend indicator has flipped bullish for the first time in over a year. The chart shows that shift clearly. $ETH is trading near $2,312, while the new buy signal appears around the $1,675 area after a long period of bearish trevnd signals. Ethereum Daily…

European financial firms and technology groups are urging lawmakers to speed up changes to rules governing distributed ledger technology, warning the region risks falling behind the U.S. in digital finance. In a joint letter, 39 signatories including Boerse Stuttgart Group, Nasdaq and fintech associations across several European Union (EU) countries asked the European Commission and Parliament to separate the digital ledger technology (DLT) pilot regime from a broader legislative package under review. They argue that handling the rules on their own would allow quicker updates, Bloomberg reports. The DLT pilot, in place since 2023, lets firms test how tokenized versions…

Coinbase, the largest cryptocurrency exchange in the US, has made an announcement regarding 25 altcoins. According to the announcement, Coinbase has decided to discontinue futures trading for these 25 altcoins. Related altcoins include TRB, RARE, $NEIRO, A, ME, $XTZ, $KMNO, $RAY, $STX, $ENS, $GMT, $SNX, 1000FLOKI, 0G, $ORDI, NIL, $BIO, $UMA, $BEAM, INIT, $SOMI, $EGLD, CLANKER, SOPH, BIGTIME. Coinbase stated that this decision aims to focus on protecting products that meet liquidity and market quality standards, simplify its derivatives offering, and improve market liquidity and quality. “As previously announced, we have suspended trading for the following perpetual futures contracts. Remaining…

Discovering the Stars with Unbreakable Data: Introducing SkyMapper L1 Astronomers have always chased the stars, but now a new tool is making sure their discoveries can’t be questioned. is changing how we record and verify telescope data. This innovative system, called SkyMapper L1, uses the fast Avalanche blockchain to create secure, real-time records of what telescopes see in the night sky. Imagine pointing a telescope at a distant galaxy. Normally, the data gets saved on a computer, but it could be changed or lost. With SkyMapper L1, every observation becomes a permanent entry on the blockchain. This means scientists, businesses,…

In a significant DeFi security incident, the Lido EarnETH vault now faces a substantial $21.6 million exposure following the massive $292 million KelpDAO bridge exploit. This development, confirmed by the Lido DAO on November 15, 2024, highlights the interconnected risks within decentralized finance protocols. Consequently, the protocol has temporarily suspended redemptions while assessing the full damage. Importantly, the core Lido staking protocol and its primary liquid staking tokens, stETH and wstETH, remain unaffected by this isolated event. Lido EarnETH Vault Faces Direct Exposure The Lido EarnETH vault holds a leveraged position of rsETH against ETH on the Aave lending platform.…

Ethereum co-founder Vitalik Buterin delivered an important message about the Layer 2 ecosystem at the fourth Hong Kong Web3 Festival on April 20: copying Ethereum and making it more centralized is not a product; it is a mistake. Speaking at the event, Buterin drew a distinction between two types of L2 projects. The first takes Ethereum, scales it up, and reduces decentralization in the process. The second starts by examining what applications actually need, identifies the off-chain components those applications require beyond Ethereum’s base layer, and builds specifically to meet those needs. His verdict on the first type was, “The…