Author: NBTC

Chicago Fed President Austan Goolsbee expressed optimism that interest rates will be lowered significantly next year. Speaking at a keynote hosted by Crain’s Chicago Business Editor-in-Chief Ann Dwyer, Goolsbee addressed the challenges and opportunities facing the U.S. economy and monetary policy. “We have very few tools. I told you we can only tighten or loosen,” Goolsbee explained. While monetary tightening helps combat inflation, he noted that raising interest rates too high risks unintended economic consequences. “The only way to create deflation for the economy as a whole is to crash it,” he said, drawing historical comparisons such as the Great…

Realms has been in the business of crypto-governance for nearly as long the blockchain it’s built on – Solana (SOL) – has been around. Its new leaders want to start turning a profit. The hub for crypto apps’ voting, decision-making and treasury is under new management, an entity called “Realms Today Trust.” It’s a big change for the project built by all-important Solana Labs to give its blockchains’ many startups a place to manage their politics. “We need to develop profit services, that way we can continue it,” said Dean Pappas, a longtime Realms contributor and one of the four…

The Czech Republic Parliament reportedly passed a law that would exempt Bitcoin held for more than three years from capital tax gains, placing it on the same level as stocks. According to a video by Braiins mining’s Chief of Propaganda, Kristian Csepcsar, the Czech Republic Parliament has unanimously agreed to exempt capital gains tax on Bitcoin (BTC) held for more than three years. Previously, capital gains that came from owning Bitcoin was subject to a 21% corporate income tax. Not only that, the parliament has also agreed on a set of new laws that would serve to benefit Bitcoin holders…

Binance has announced the listing of two new tokens, Across Protocol (ACX) and Orca (ORCA), on its spot trading platform. Binance to List Protocol (ACX) and Orca (ORCA) with Seed Tags Trading for ACX/USDT and ORCA/USDT pairs will open on December 6, 2024, at 16:00, with withdrawals available on December 7, 2024, at 16:00. Key Details Deposit Availability: Users can deposit ACX and ORCA tokens to prepare for trading. Trading Fee: Listing fee (0 BNB) will not be applied for these tokens. Smart Contract Addresses: ACX (Ethereum): 0x44108f0223A3C3028F5Fe7AEC7f9bb2E66beF82F. ORCA (Solana): orcaEKTdK7LKz57vaAYr9QeNsVEPfiu6QeMU1kektZE. Additional Features Seed Tag: Both ACX and ORCA will…

Early in our thinking about the interaction between bitcoin and energy it became obvious to me that the value of bitcoin was fundamentally underpinned by the amount of energy that went into producing the bitcoin. As with any free market system, the value of a widget (in this case bitcoin) is determined by the cost of producing the widget plus the various levels of profit margin needed to get from manufacturing to the consumer. If someone has an innovative ability to supply something that no one else can and there is a large demand for this product then they have…

Today, enjoy the 0xResearch newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the 0xResearch newsletter. Why bitcoin ETF flows matter As we approach the mid-point of October, net inflows for the US bitcoin ETFs have flipped into positive territory for the first time this month. Bitcoin ETFs notched $253.6 million in net inflows on Friday, breaking a three-day negative streak. They ended the week with a solid net of $348.5 million. ETF flows provide insights into bitcoin price movements, acting as a potential indicator of directional trends, according to David Lawant, head of research…

While everybody is celebrating Bitcoin’s $100,000 mark, the second biggest cryptocurrency, Ethereum (ETH)’s $4000 mark is still awaited. However, it will not take so long to reach there, according to some crypto analysts. According to TrendSpider, “Ethereum is quietly breaking above a key trendline resistance from all-time highs.” While everyone is focused on $BTC $100K… Ethereum is quietly breaking above a key trendline resistance from all-time highs. 🤫 $ETH pic.twitter.com/jGmsvSqyXj — TrendSpider (@TrendSpider) December 5, 2024 Ethereum Prepares for Intense Bullish Momentum ETH is on the verge of breaking out of a three-year triangle consolidation pattern, with $ETH expected to…

Mindspace Solutions has announced a $1 million strategic investment in Dechat, a Web3 communication platform that aims to transform user interaction and transactions in the decentralized era. This investment is part of Mindspace’s commitment to supporting innovative projects that prioritize privacy and user-centric design. The announcement of investment through Dechat official X account. The funding will assist in helping Dechat improve its secure, transparent communication solutions. Big News!Mindspace Solutions just invested $1M in DeChat! 🎉 Together, we’re redefining secure, healthy communication in the Web3 era. 🌐💬Thank you, @mindspaceweb3, for joining us on this journey! 🤝Read @mindspaceweb3 official announcement here:https://t.co/5JUSxFn0Hy —…

Earlier this week French Senator Sylvie Vermeillet proposed classifying Bitcoin and other digital assets as “unproductive,” arguing they should be taxed like luxury items and vacant properties. The bill in question classifies cryptocurrencies as unproductive assets for the 2025 budget, meaning that taxes will be imposed on unrealized gains if they exceed €800,000. Paris-based Alice Stork, founder of Web3 public relations agency ICL, told Decrypt that a Bitcoin tax on unrealized gains is “worrying” and “feels pretty out of touch with how volatile crypto markets are.” What happens when the value of your holdings drops after you’ve already paid taxes…

Gold, Silver, and Bronze tiers are introduced by Binance to reward verified P2P merchants based on performance. Binance has added a key update to its P2P Merchant Program by introducing three tiers, namely, Bronze, Silver, and Gold. This upgrade is introduced to acknowledge and reward P2P merchants according to their trade volume and performance. Each tier offers unique advantages. Based on their monthly trade performance, newly verified merchants can move up from the Bronze level. Verified traders having a solid trading record are considered bronze merchants. You might also like: Binance launches BFUSD stablecoin offering 19.55% APY Merchants must reach…