Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

How bitcoin and crypto are taxed across the G7

RegulationDec 3

President-elect Donald Trump has signaled that his administration will take a friendlier approach to bitcoin and cryptocurrency, which may influence the way they are taxed in the US and abroad. In the US, bitcoin and crypto are currently viewed as property. Short-term gains (less than one year) are taxed between 10% and 37%, depending on income. Similarly, long-term bitcoin and crypto gains are taxed between 0% and 20%. US crypto holders may use their capital losses to offset their gains. For most individuals, the tax deadline is the same as for other assets: April 15. Up to the north, Canada…

Zero SHIB Burned in 24 Hours – What's Going On?

AltcoinsDec 3

According to the Shibburn meme wallet tracker, over the past 24 hours, the SHIB community has not advanced in burning their favorite meme coin. The data source shows zero Shiba Inu coins scorched with a minus 100% reading of this metric. Zero SHIB destroyed in 24 hours On October 23, slightly more than 27 million Shiba Inu were transferred to unspendable blockchain addresses in three transactions. On that day, the Shiba Inu burn rate soared by an impressive 6,750%. Since then not a single meme coin has been burned by the SHIB community. The most likely explanation is a glitch…

AI Startup CreatorBid Taps DePIN Infrastructure Provider io.net for Scalable GPU Access

BlockchainDec 3

CreatorBid becomes the latest AI startup to join the io.net decentralized network of GPUs to accelerate AI development and image model scaling. io.net, one of the leading decentralized physical infrastructure networks (DePINs) welcomed CreatorBid, a hub for AI Creator economy, to its platform, earlier this week. The strategic partnership between the two firms will enable CreatorBid to scale its AI image models efficiently by leveraging io.net’s decentralized GPU network while driving down costs in comparison to traditional centralized compute service providers. CreatorBid offers users an AI Agent Launchpad and specialized AI-driven tools for creators and brands. By leveraging io.net’s network,…

Will Bitcoin surpass $100,000 by 2024 in view of the American elections?

BitcoinDec 3

At the end of September, following a broad market rally involving major global stock indices, Bitcoin once again surpassed $66,000 before retreating again. Some analysts predict a target of $100,000 for the leading cryptocurrency by the end of the year, a forecast also influenced by expectations that Bitcoin will mirror its past market cycles following the Halving, as well as the possible effect of the outcome of the American presidential elections. Added to this is the fact that historically the last quarter is when Bitcoin has typically recorded its best performances. This article will therefore delve into this possible year-end…

usdx.money Secures $45 Million Funding Round to Advance Stablecoin Adoption

RegulationDec 3

usdx.money, an emerging synthetic dollar stablecoin protocol, has announced that it has secured $45 million in a funding round. The firm stated that the seed round was participated by NGC Ventures, BAI Capital, Generative Ventures, UOB Venture Management, and others. The blockchain further said it will use the secured finances to boost its mission of developing the next-generation stablecoin infrastructure that connects DeFi, CeFi, and TradFi. usdx.money is a synthetic stablecoin issuance protocol committed to creating the next-gen stablecoin infrastructure. The emergence of decentralized stablecoins The digital asset landscape is continuously evolving, with innovations appearing to resolve the limitations witnessed…

Ripple CEO Evaluates Trump-Harris Race! Talks About Probability of Approval for XRP ETFs!

AltcoinsDec 3

With only a short time left until the US elections, the cryptocurrency sector is also closely following the process. If Kamala Harris becomes president, there is a risk that Bitcoin (BTC) and cryptocurrencies will fall, while if Donald Trump becomes president, a major rise is expected. At this point, Ripple CEO Brad Garlinghouse spoke at the 8th Annual Washington DC Fintech Week. The famous CEO touched on many topics here and argued that there should be a reset for the cryptocurrency industry regardless of the US election results. Stating that the crypto industry will experience a “reset” no matter which…

Wall Street Bitcoin Miner BTC Digital Deploys 2,000 BITMAIN T21 Miners

MiningDec 3

BTC Digital Ltd. (NASDAQ: BTCT), a provider of Bitcoin mining services, announced that its contract with BITMAIN, a mining hardware manufacturer, is progressing as planned. The company intends to deploy 2,000 units of BITMAIN’s T21 miners to its North American facilities within the next 3–6 months. The T21 miners, BITMAIN’s latest product, offer 190 terahashes per unit and use 3610 watts of energy per unit. Once deployed, BTCT's total hash rate capacity will increase to 600 petahashes, nearly three times its current capacity. BTCT is working on logistics, equipment installation, and network optimization to ensure the miners are operational on…

Blockchain for IoT Minima to Develop Ledger-Embedded Microchips With ARM

BlockchainDec 3

Minima, a blockchain designed to manage transactions across the internet of things (IoT) comprising mobile phones, cars and other devices is working with semiconductor giant ARM to develop a microchip with a decentralized ledger embedded in it. Under the agreement, announced Tuesday, Minima will work with ARM's Flexible Access Program, which gives 70 or so startups access to the hardware giant’s intellectual property portfolio and chip design system. The “Minima Chip” will provide each device with a secure node capable of verifying data, generating tokens, enabling peer-to-peer messaging and generally bringing “blockchain everywhere,” the companies said. The concept of IoT…

Bitcoin Transaction Fees Hit Multi-Month Record Highs

BitcoinDec 3

Bitcoin witnessed record-breaking fees due to the frenzy of activity on the new Runes Protocol, which went live on its fourth halving event. After months of inactivity, Runes activity is seeing a notable resurgence. Bitcoin Runes Stages Comeback The latest data compiled by IntoTheBlock shows that the number of Bitcoin Runes transfers has tripled since hitting lows in August. This renewed interest has had a direct impact on Bitcoin’s transaction fees, which have spiked by over 32% this week, marking their highest levels since August. The surge in fees points to increased demand for block space, benefitting Bitcoin miners, who…

VeBetterDAO Unveils NFT Improvements, New Mascot, and Delegation Innovations

NFTDec 3

VeBetterDAO, a progressive DAO focused on promoting sustainable actions, has launched Galaxy Member NFT Upgrades and introduced B3MO. VeBetterDAO has also unveiled an exciting new feature, Node Delegation, which permits Node owners to share their capabilities with another delegated address. VeBetterDAO is an ecosystem that focuses on incentivizing sustainability actions and has introduced Galaxy Member NFT Upgrades, the B3MO. B3MO draws its name from the platform’s incentive token, B3TR, featuring the ‘B3’ prefix then ‘Mo’ in B3MO, which comes from the Korean term for “young rice sprout,” representing themes of growth, vitality, and optimism. According to the official report on…