Author: NBTC

ACT Proposes New Rule For Digital Assets In Campaign Reform Pledge Cryptocurrency assets are becoming relevant in public policy, taking a role in campaign pledges internationally from parties seeking to garner support from crypto investors. On Thursday, the Association of Consumers and Taxpayers (ACT) party unveiled a proposal to modernize the treatment of digital assets in New Zealand, unlocking the benefits of tokenization, stablecoin payments, and crypto-linked tax exemption measures into its economic structure. The right-wing conservative party, which holds 11 seats in the New Zealand Parliament, proposed waiving capital gains tax for taxpayers holding these assets for over a…

The catastrophic implosion of Zondacrypto, once a titan of the Eastern and Central European cryptocurrency market, has cast a dark shadow over the crypto industry. It has also produced a bizarre true-crime saga: the disappearance of two consecutive chief executives in the span of four years, according to a report by the New York Times. Going dark The exchange’s website went completely dark in April. Its proprietary digital token, the ZND, has lost 99.9 percent of its value. Sylwester Suszek, Zondacrypto’s founder, was born to a coal miner in Katowice, Poland. He then transformed himself into a flashy “crypto king.”…

Bitcoin price recovered 2.8% from an intraday low of $62,850 to around $64,650 on July 29 as traders positioned for the Federal Reserve’s interest rate decision. Bitcoin price recovers before the Fed decision According to data from crypto.news, Bitcoin ($BTC) price rose from $62,850 to an intraday high near $64,775 before settling around $64,650. The recovery followed several sessions of selling across cryptocurrencies and technology stocks. The $62,850 low aligned with Bitcoin’s 200-day EMA, making the level an important test of its broader market structure. Short-term momentum indicators had also entered oversold territory following $BTC’s decline from last week’s high…

TapTools has abandoned a community $NFT sale intended to help bring its Cardano analytics platform back online after users reacted angrily to its return, with every participant refunded in full. The backlash quickly reached Charles Hoskinson, who responded by sharing a South Park parody of BP’s repeated “we’re sorry” apology. TapTools Pulls Sale After Community Backlash TapTools shut down in June after four years of operating in the Cardano ecosystem. In its announcement then, the team said two co-founders, including its CTO and COO, had left earlier in the year, while its replacement CTO later decided to leave as well.…

Tron founder Justin Sun has withdrawn 5,000 $ETH from the liquid staking protocol Lido, according to blockchain analyst ai_9684xtpa. The move, which occurred on [date], is part of a series of significant transfers that have drawn attention to Sun’s already substantial Ethereum holdings. Details of the Withdrawal On-chain data shared by ai_9684xtpa shows that of the 5,000 $ETH withdrawn, 3,500 $ETH was routed through the crypto exchange Poloniex before being sent to a hot wallet address. The specific purpose of this transfer remains unidentified. The remaining 1,500 $ETH was deposited into Morpho, a decentralized lending protocol, suggesting possible DeFi yield…

Bank of America (NYSE: BAC) has announced that it plans to spend $250 billion building US infrastructure in the next 18 months. The bank plans to focus on data centers, chips and power generation. The plan lands as a major boost for stakeholders of the AI and computing buildout, even as data centers ramp up pressure on the electrical grid. What will Bank of America fund with $250B commitment? The bank has named the program its Critical Infrastructure Finance Initiative, in time for the 250th anniversary of America. It will run from January 1, 2026, to July 4, 2027. It…

Bitwise crypto investment products recorded about $300 million in combined trading volume on Aug. 19, with the Bitwise $XRP ETF making up roughly 6% of the total. This comes as the broader crypto market remains under pressure, with the market losing about $580 billion in value this year. Despite the consistent decline, crypto investment products have continued to draw renewed investor attention. Bitwise ETFs Post $300 Million in Volume Hunter Horsley, CEO of Bitwise, revealed the figures in a recent disclosure on X and highlighted the top five contributors to the company’s total ETF volume. Specifically, the Bitwise Bitcoin ETF…

U.S. banking regulators are taking steps to narrow the definition of ‘unsafe or unsound practices’ in bank supervision, a move that could significantly ease banking access for lawful businesses, including cryptocurrency firms. The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are advancing procedures to finalize rules that would limit supervisory and enforcement actions to cases involving actual legal violations or material financial harm to a bank’s capital, liquidity, asset quality, or similar conditions. Background: The ‘Unsafe or Unsound’ Provision and Its Impact on Crypto For years, the term ‘unsafe or unsound practices’…

Shiba Inu ($SHIB) has officially been recognized as a major financial vehicle in one of Asia’s strictest markets. Local crypto company Laser Digital Japan — the digital arm of one of Japan’s largest investment holding company — has received regulatory approval and included $SHIB in its exclusive list of six approved cryptocurrencies. Japan’s Financial Services Agency (FSA) approved the registration of Laser Digital Japan on Aug. 21. For the local market, this marks a tectonic shift — the Japanese regulator had not issued a new crypto exchange license in four years. Clearing Tokyo’s strict compliance requirements is extremely difficult, making…

While bulls in the cryptocurrency market believe they have laid the groundwork for Bitcoin (BTC) to surpass the $70,000 level, the Federal Reserve’s interest rate decisions and future policies are jeopardizing this bullish expectation. Bloomberg ETF analyst James Seyffart assessed recent market developments, Fed expectations, and activity in the ETF world. The markets are focused on the Federal Reserve’s interest rate decisions. Analyses highlighting the bullish outlook in the market suggest that Bitcoin has the potential to break free from its current price range and surpass $70,000. However, the most critical hurdle in this process is highlighted as macroeconomic data…