Author: NBTC

A member of the California State Assembly has introduced an amendment to a recently introduced money transmission bill that would protect the ability of state residents to use cryptocurrencies as a means of payment. First introduced by Democrat Senator Laura Richardson on February 20 as the Money Transmission Act, the bill had been concerned primarily with requiring digital wallet providers operating in California to “take certain actions” to ensure the security of their products, including the use of two-factor authentication. Introduced on Friday, the new amendment from Democrat assembly member Avelino Valencia renames the bill as the Digital Assets Act,…

As Bitcoin’s price holds below $100,000, experts warn that the time may not be right for new long trades. Bitcoin (BTC) is still above $100,000, but signs of a slowdown are showing, and analysts warn it might be too early for long positions. Despite Bitcoin’s recent jump past $102,000 after dipping to $91,229 on Feb. 3, the Relative Strength Index has been consolidating. “Bitcoin has historically presented strong buying opportunities only when the RSI dropped to around 40%,” analysts at blockchain firm Matrixport wrote in a Feb. 5 research note. As of press time, the RSI sits at 48%. The…

Ondo Finance revealed an update to its real-world asset (RWA) tokenization platform, Ondo Global Markets (Ondo GM). The company aims to revolutionize access to stocks, bonds, and ETFs (exchange-traded funds) by bringing them on-chain. This mirrors the liquidity and accessibility that stablecoins have provided for fiat currencies. Ondo Finance Unveils Ondo GM In a statement shared on X (formerly Twitter), Ondo Finance emphasized that the traditional investment ecosystem is riddled with inefficiencies. It cited high fees, limited access, transfer frictions, and hidden risks, which have hindered market participation and innovation for decades. With Ondo GM, the company seeks to address…

Many Indians trading on the world’s largest crypto exchange, Binance, have come under the glare of tax authorities. As reported by The Economic Times, the Income Tax (I-T) department has been investigating whether the 1% Tax Deducted at Source (TDS) levied on such transactions has been properly collected. Over the past few weeks, local investors have received notices from the tax office, requiring them to either provide proof of TDS deduction or submit documentary evidence explaining why TDS is not applicable to their transactions. Under the 2022 budget provisions, income from cryptocurrencies is taxed at 30%, along with a 1%…

With Bitcoin struggling to sustain above the $100k mark, will the surge in ETFs inflow pump BTC price to $103k? As the crypto market desperately needs a bullish recovery, Bitcoin aims to reclaim the $100,000 mark for the seventh time in the past few months. Currently, BTC trades at a market price of $97,850, with a pullback of 4.24% over the past seven days. As Bitcoin struggles to overcome the sudden rise in bearishness, there is a gradual improvement in institutional support, fueling hopes of a new rally in the crypto market. Bitcoin Price Analysis Signals Recovery Ahead In the…

Cardano Foundation solved complex Catalyst voting challenges by linking multiple stake keys to one voting key for its 180 million ADA stake. The Foundation created an innovative voting registration method using community-developed tools. The Cardano Foundation has successfully developed an innovative approach to Project Catalyst voting, addressing complex operational challenges while maintaining robust security protocols in blockchain governance. Project Catalyst Fund 13 brought forth a new technical solution from the Cardano Foundation that enables combining various stake keys through a single voting key system. The Foundation developed this strategic management solution to manage its major ADA ownership and security standards…

The U.S.’ crypto-friendly stance could increase the level of risk in financial markets by deepening the connections between traditional finance (TradFi) and the digital asset economy, according to regulator the European Securities and Markets Authority. “This crypto-friendly stance has the potential to accelerate crypto adoption, including by institutional investors,” a spokesperson for the European Union’s financial markets regulator said in an interview. “This would in turn increase interconnectedness and, failing relevant safeguards, risks of negative spillover effects between crypto and traditional markets.” Since becoming president on Jan. 20, Donald Trump has ordered his administration to set up a bitcoin reserve…

Bitcoin ATMs found their way across Costco stores in the United States now that the pro-crypto administration of President Donald Trump has allowed crypto ATM operators to scale their operations. As of January 15th, Costco has around 624 stores in the US with the most stores located in California. Notably, Costco is putting a Bitcoin ATM across each and every store that it has in the US. This could potentially boost the adoption of BTC as the accessibility of the cryptocurrency improves. Bitcoin ATMs have grown in popularity over the years, offering an alternate route for crypto market participants to…

A massive whale sell-off flooded the market with over 4 million LINK, driving the price down to $19. Crypto analyst Ali Martinez shared his observation in an X post, pointing out that large holders controlling between 1 million and 10 million Chainlink (LINK) reduced their holdings by over 4 million LINK starting Feb. 2, 2025. Whales have offloaded 4.13 million #Chainlink $LINK in the last 48 hours! pic.twitter.com/B0ELv4wEAb — Ali (@ali_charts) February 5, 2025 The decline in whale holdings appears to have put downward pressure on LINK’s price, which fell from over $21 to around $19. A similar whale sell-off…

Japan is taking a significant step toward reshaping its approach to cryptocurrency regulation. By 2026, the Financial Services Agency (FSA) plans to reclassify crypto assets as financial products under the Financial Instruments and Exchange Act. This shift will bring cryptocurrencies under the same regulatory framework as stocks and bonds, subjecting them to insider trading rules and stricter oversight. The decision reflects Japan’s shifting stance on digital assets. Initially recognized primarily as a payment method, cryptocurrencies have grown into an investment class with increasing market influence. As blockchain technology and cashless transactions gain momentum, integrating crypto into the broader financial system…