Author: NBTC

India’s cryptocurrency industry is stepping up its campaign to seek tax relief from the government. The sector urges the government to reconsider its current taxation policies, which stakeholders have deemed burdensome. Despite a more favorable governmental outlook and increasing international momentum, particularly influenced by Donald Trump’s pro-crypto stance after his return to the US presidency, the industry continues to face significant challenges. Since 2022, the 30% capital gains tax and 1% TDS (Tax Deducted at Source) on all transactions in digital assets have created an unfriendly environment for Indian traders. A think tank Esya Centre report estimates that almost 90%…

Goblin Saga, an innovative DeFi project, announced a strategic partnership with Aylab, a Web3 programmatic advertising network. Goblin Saga is a revolutionary protocol that unites NFTs, DeFi, and an extraordinary gaming experience to develop an interactive environment for users. Running on the Polygon blockchain, the protocol specializes in merging Goblin-themed NFTs with DeFi mechanisms, enabling users to trade, stake, and mine in-game assets. The network enables users to mint Goblin NFTs and stake them to earn token rewards. Users can also use the NFTs to participate in various in-game activities that assist in growing their token holdings in a decentralized,…

Binance’s June PoR report shows BTC down 1.82%, ETH up 1.05%, and USDT slightly lower, reflecting cautious investor sentiment. With $110B in reserves, Binance remains a transparency leader, reinforcing trust as regulatory scrutiny intensifies. Binance has released its 31st Proof-of-Reserves (PoR) snapshot as of June 1, showing minor shifts in user holdings across top assets. The numbers reflect routine market adjustments but offer a pulse on investor sentiment heading into mid-2025. BTC Down, ETH Up, USDT Slightly Lower According to the report, Binance users now collectively hold 593,000 BTC, representing a 1.82% drop from May 1. In contrast, Ethereum holdings…

Stargate Finance has announced that SKATE (the Skate token) is now live on its innovative protocol at the core of the Omnichain DeFi movement. SKATE is the native token that powers Skate’s multi-VM infrastructure – a project that aims to dismantle the technical obstacles between various virtual machines like EVM, Toncoin, Solana, and many more, developing a unified multi-chain execution ecosystem. On the other hand, Stargate Finance is a cryptocurrency bridge based on LayerZero infrastructure, which enables the movement of assets between various chains efficiently and securely. It links Layer-1 and Layer-2 chains, addressing one of the most problematic challenges…

Speaking at the Bitcoin 2025 Conference held in Las Vegas, US Vice President JD Vance made clear and bold statements about cryptocurrencies and especially Bitcoin. While Vance said the current administration would pursue a crypto-friendly line, he harshly criticized the financial regulators and policies of the previous era. “We have removed Gary Gensler, and we will part ways with anyone like him,” Vance said, arguing that previous regulatory policies had hindered financial democratization under the guise of “consumer protection.” “Crypto is a hedge against skyrocketing inflation that erodes savings, a private sector that discriminates based on faith, and bad public…

Aave liquidity is suffering an unexpected setback, as a giant whale identified as HTX removed 93% of available USDT from one of the top lending pools. This locks other whales in a position where they cannot remove their stake, as most USDT is already claimed by borrowers. A giant whale removed up to 93% of available USDT liquidity on Aave, meaning all other lender whales were stuck in their positions. USDT has a high utilization rate on Aave, as it is one of the preferred assets to borrow. An address identified as HTX, formerly Huobi, withdrew $400M USDT in a…

Mintable is set to launch NFT collectibles as part of its interactive Eco Trail Treasure Hunt ahead of the country’s annual Youth4Climate Festival 2025, as part of the Singapore Sustainability Festival. The Singaporean NFT marketplace is preparing to launch five unique NFTs that visitors can collect by participating in a blockchain-based card game held at City Square Mall on Kitchener Road, Singapore. The Eco Adventure card game will run alongside the Singapore Sustainability Festival, scheduled from June 6 to June 8. During the festival’s run, participants will be able to collect digital badges that they can obtain by scanning eco-friendly…

Ethereum price found support at $2,460 and started a fresh increase. ETH is now up over 5% and might attempt to clear the $2,720 resistance. Ethereum started a decent increase above the $2,550 and $2,620 levels. The price is trading near $2,580 and the 100-hourly Simple Moving Average. There is a new connecting bullish trend line forming with support at $2,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it clears the $2,720 resistance zone in the near term. Ethereum Price Rallies Over 5% Ethereum price started a fresh increase from the…

Game sales company GameStop ($GME) announced its first quarter financial results for 2025. While the company’s net sales decreased by 17 percent compared to the same period last year, to $732.4 million, there was a significant improvement in operational losses. GameStop’s selling, general and administrative expenses (SG&A) were $228.1 million in the quarter, down from $295.1 million in the same period last year. Operating loss decreased to $10.8 million, a significant improvement from last year’s operating loss of $50.6 million. Operating loss in the quarter included a $35.5 million impairment charge recorded as part of the company’s international restructuring process.…

Dash (DASH) is a cryptocurrency that was launched in January 2014 as a fork of the Bitcoin protocol. Dash is designed to be a digital cash system with a focus on fast and low-cost transactions, as well as enhanced privacy features. Dash utilizes a two-tier network of nodes. Regular nodes handle the validation and propagation of transactions, while masternodes provide additional services, including InstantSend and PrivateSend. Masternodes require users to hold a specific amount of DASH as collateral, providing an additional layer of security to the network. DASH token features and benefits One of the key features of Dash coin…