Author: NBTC

Growing excitement over the Kamala Harris presidential campaign may be contributing to Bitcoin’s recent price decline, analysts at Bernstein wrote in a report published Monday. Odds that Harris will win the election have shot up in recent polls, as well as on crypto prediction markets platform Polymarket since President Joe Biden backed out of the race for the Democratic candidacy in favor of his vice president. This is a bearish sign, according to analysts at the investment firm, due to how Democrats have broadly approached crypto and a lack of clarity on Harris’ stance towards digital asset regulation. Polymarket is…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Coinbase, Uniswap, Robinhood, Kraken, and Consensys are the names the digital asset industry has grown used to watching receive the dreaded Wells Notices from the United States Securities and Exchange Commission. These companies are exchanges offering a wide range of tokens on their platforms, many of which are clearly investment vehicles with the promise of future profits thanks to the work of centralized teams. It would make sense for some of the offerings on these platforms to…

The cryptocurrency market is bracing for major token unlocks this week, totaling $82.46 million. These upcoming releases could significantly impact both supply and investor sentiment. 🔓 Weekly Cliff Unlocks : 2-8 September 24 🔓🔥 $ 82.46m 🔥🌟 Unlock Highlights 🌟$IMX (2.06%) – $46.11m$TAIKO (19.02%) – $20.28m$MODE (38.46%) – $6.39m$ENA (0.82%) – $3.57m$GAL (0.82%) – $2.31m$HFT (3.06%) – $1.95m$DYDX (0.68%) – $1.46m..( % of cir. supply) pic.twitter.com/I7pCDce0wp — Token Unlocks (@Token_Unlocks) August 30, 2024 This week’s biggest unlock is IMX (Immutable X), releasing 2.06% of its circulating supply, valued at $46.11 million. This release is part of the project’s ongoing distribution…

New Zealand plans to implement the Organisation for Economic Co-operation and Development’s (OECD) digital asset reporting framework by April 2026, according to a recently released tax policy document. The measure aims to prevent tax evasion by ensuring firms provide information on transactions in digital assets. This means New Zealand-based digital asset service providers will have to collect information on users’ transactions starting April 1, 2026. New Zealand’s Minister of Revenue, Simon Watts, introduced a new bill titled Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) on August 26. In it, he proposed confirming annual income tax rates, tax…

The role of airdrops within the blockchain ecosystem has recently been under the microscope after Vitalik Buterin voiced his support for them, but what part do they really play? Titus Capilnean, Vice President of Go-To-Market at Civic, told crypto.news that airdrops are a powerful tool for building and maintaining a loyal community within blockchain projects. In response to a recent Vitalik Buterin post in support of airdrops, Capilnean pointed out the significant risks posed by malicious actors who exploit these distributions. “Airdrops are a great form of community-building tool for recognizing and rewarding valuable participation in a project.” Titus Capilnean,…

Hedera Network, the leading proof-of-stake network, has reportedly surpassed 60 billion transactions on mainnet to date. On this milestone, Hedera thanked its community of developers, enterprises, and users for believing in Hedera Network. Hedera Network shared this momentous achievement on its official X social media account, sharing details and expressing gratitude to the Hedera community. Hedera surpassing 60 billion processed transactions since its launch is a remarkable achievement that highlights Hedera’s growing influence and reliability in distributed ledger technology (DLT). Hedera Network is best known for its key features of scalability, security, and efficient transaction processing. With such key features…

South Korean police captured a man involved in a $15.6M cryptocurrency ruse, ending a ten-month chase. The suspect underwent surgery, spending 21 million won to avoid authorities. The scam conned 158 victims, with losses ranging from 1.2 million to 250 million won each. Recently, South Korean authorities successfully captured the suspect behind a cryptocurrency fraud plot that defrauded investors approximately S$15.6 million. The arrest, announced on August 29, follows an expansive ten months manhunt. Suspect’s Efforts to Evade Capture The suspect went to unique ways to avoid detection and capture. In an attempt to hide his identity, according to Blockchain…

New data from Lookonchain reveals Tron Network’s gas revenue saw a remarkable 46.54% increase in August. Binance Smart Chain (BSC) also saw gains, with gas revenue up 6.63% from July. In contrast, Ethereum, Solana, and Bitcoin experienced declines, with Ethereum dropping 33.44%, Solana falling 48.51%, and Bitcoin decreasing by 16.85%. The #TronNetwork’s gas revenue saw a 46.54% increase in August.Compared to July, #BSC’s gas revenue also saw a 6.63% increase in August, while gas revenue of #Ethereum dropped 33.44%, #Solana dropped 48.51%, and #Bitcoin dropped 16.85%. pic.twitter.com/HChuiq17uB — Lookonchain (@lookonchain) September 3, 2024 Gas revenue, the fees paid for blockchain…

If someone expressed the opinion that this year’s US presidential race has produced some unprecedented events, a listener might wonder which particular moment they were referring to, since it has been such a volatile and contentious political period. But besides the incumbent Joe Biden stepping down to be replaced as Democrat nominee by Vice President Kamala Harris, and the staggering scenes when Republican nominee Donald Trump came close to being killed in an assassination attempt, another wild-card insertion into the chain of unfolding events is the extent to which crypto has featured in the run up to the election. Rewind…

Many Telegram-based games have shot to popularity this year with the promise of in-game progression resulting in a share of a future crypto token airdrop. For some of those games, the time to launch a token is upon us, with dates set and gamers itching for their share of the pie. From crypto exchange-building tap-to-earn game Hamster Kombat to combat-centric clicker Rocky Rabbit and others alongside, these Telegram mini apps have made waves through the industry. But now it’s time for these projects’ respective tokens to start a new wave. Will these games stay relevant after their tokens launch? Some…