Author: NBTC

Registered securities firm Prometheum intends to take custody of customers’ UNI and ARB as securities when it gets rolling, adding them to its existing plans for Ethereum’s ether. While the crypto industry fights the Securities and Exchange Commission’s stance on tokens as securities, Prometheum is still seeking a road to comply with the agency’s view. The company intends to open its custodial doors in earnest in September. Prometheum is forging ahead with its strategy to comply with the U.S. Securities and Exchange Commission’s view on cryptocurrency transactions by letting two more tokens into its custody operation for crypto securities, whether…

A bitcoin investor has pleaded guilty to underreporting his cryptocurrency gains, including $3.7 million from BTC sales, resulting in a tax loss to the Internal Revenue Service (IRS) of over $550,000. The Department of Justice emphasized that taxpayers must accurately report crypto transactions to the IRS. The bitcoin investor now faces up to three years in prison, along with fines, restitution, and supervised release. Bitcoin Investor Pleads Guilty to Tax Fraud on Cryptocurrency Gains The U.S. Department of Justice (DOJ) announced on Thursday that an early bitcoin investor has pleaded guilty to “filing tax return that falsely reported his cryptocurrency…

Bitcoin’s price dropped by over $10,000 in a week amid unfair policies and market instability. The Federal Reserve’s high rates have shifted cryptocurrency investment away,, contributing to Bitcoin’s current market trend.. High outflows from Bitcoin ETFs have triggered the price drop, pushing Bitcoin below $60,000. Just over a week, Bitcoin has recorded a notable price fall totalling to more than $10,000. The fall has sent a shockwave to the investors of digital assets. Bitcoin shifted from $70,000 to under $60,000 in just seven days. The stable cryptocurrency market was hit once again this week from different sides with many reasons…

Ethereum (ETH) is seeing intense bearish pressure today along with the broader crypto market. Moreover, recent whale movements are adding to this negative sentiment on the market. At a time when ETH needs support from its long-term holders, it appears that a big chunk of them are abandoning it. Per Whale Alert, there was a big transfer of 17,822 ETH earlier today. These coins were transferred from an unknown wallet of a whale to Binance, the largest crypto exchange on the market. Notably, this transfer is worth around $41.27 million based on the price of ETH at the time of…

The Daddy Tate (DADDY) meme coin, associated with controversial influencer Andrew Tate, experienced a sharp decline following a police raid at his residence. Known for his controversial remarks, Tate faces charges of human trafficking and forming a criminal gang to exploit women sexually. Early Wednesday, masked officers raided four properties in Bucharest and Ilfov led by Romania’s anti-organized crime agency, DIICOT. Andrew Tate’s DADDY Meme Coin Under Hot Water These raids were part of an investigation into serious allegations, including the trafficking of minors. After the raid was over, Tate contested the charges on social media. “The ‘minor’ they are…

Warning of an imminent “explosion in election gambling,” the U.S. Commodity Futures Trading Commission asked an appeals court to extend the pause on Kalshi’s political prediction markets for as long as the agency’s appeal is pending. “The district court’s order has been construed by Kalshi and others as open season for election gambling,” the CFTC said in a filing Saturday, referring to a judge’s Sept. 6 decision that the regulator shouldn’t have stopped the company from offering contracts on which party will control each house of Congress. In the wake of that decision, the agency noted, Wall Street heavyweight Interactive…

Zynga, the mega mobile and casual game publisher behind FarmVille, has relinquished control of the Sugartown crypto game and its IP. The team that was working on the game has now relaunched as a new independent company, called D20 Labs, picking up where Zynga left off—and has already revealed a brand new game. D20 Labs was co-founded and is led by Matt Wolf, formerly the VP of Web3 gaming at Zynga, alongside ex-Zynga Web3 General Manager Tommy Ngo. By breaking off from the mobile gaming publisher, which is owned by gaming giant Take-Two Interactive, Wolf said that D20 Labs is…

The crypto market decided to take a nosedive over the weekend, with Bitcoin taking the express elevator down to below $60,000 for the first time since July 13. Observers took to X.com to blame the plummet on a cocktail of factors, including Israel’s bracing for potential attacks from both Iran and Hezbollah, with warnings of reported planned assaults as early as Monday. Everyone is panick selling everything like it’s the end of the world. Well it’s not!#Bitcoin and the #crypto are down so bad like traditional stock market because people are so afraid of the #Israel – #Iran play. pic.twitter.com/47A3ZvoC3Q…

Ethereum’s (ETH) performance relative to Bitcoin (BTC) has seen a sharp decline since July 24, with the ETH/BTC pair now at its lowest point in three years. As market sentiment for ETH turns increasingly bearish, many analysts predict further declines in the coin’s value. This article breaks down key insights that ETH holders should be aware of as the situation continues to unfold. Ethereum Overshadowed by Bitcoin as Network Activity Suffers The ETH/BTC pair represents the ratio between the prices of Ethereum (ETH) and Bitcoin (BTC), showing how much BTC is needed to buy one ETH. When this ratio increases,…

The highly anticipated closed beta testing for the Shiba Eternity game has finally gone live on Shibarium. Shiba Inu’s marketing lead Lucie made the announcement today, emphasizing that beta testing is currently open to LEASH stakers. According to Lucie, players who previously staked their LEASH, as mandated by the team, can connect their wallets to ShibaSwap and participate in the beta testing. Date for Shiba Eternity Early Access In anticipation of closed beta testing, the team urged players to stake their LEASH tokens on July 29. Three weeks after LEASH staking commenced, the team officially granted stakers early access to…