Author: NBTC

Industry insiders have expressed concerns about the high crypto tax in India despite the notable surge in Bitcoin prices, which led to significantly increased demand on cryptocurrency exchanges and substantial rises in trading volumes. CoinDCX, a popular Indian cryptocurrency platform, saw its trading volumes multiply fivefold within the past month, escalating from $5 million at the start of February to approximately $25 million by the end of the month. Sumit Gupta, the co-founder of CoinDCX, attributed this remarkable growth to the upward trajectory of Bitcoin prices in a recent interview with a local media outlet, The National. In a similar…

In early 2022, Theta Labs CTO Jieyi Long and the engineering team began exploring AI, distributed systems, and machine learning applied to blockchain after inviting Peking University Professor of Computer Science Zhen Xiao as an academic advisor. Jieyi published a groundbreaking research paper entitled “Large Language Model Guided Tree-of-Thought (ToT)” in May 2023. The Tree-of-Thought was inspired by the manner in which the human mind approaches complex reasoning problems. The notion has gained significant traction within the LLM community, and The Tree of Thought has the potential to significantly enhance problem-solving capabilities. Tree of Thought is the imaginative offspring of…

A crypto analyst who accurately called the bottom of the 2018 Bitcoin bear market believes BTC has more room to run to the upside before topping out. In a new video, pseudonymous analyst Bluntz tells his 243,100 followers on the social media platform X that Bitcoin appears to be in the midst of a wave three surge in the monthly timeframe. Bluntz practices the Elliott Wave theory, a technical analysis approach that attempts to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, a bullish price movement witnesses a five-wave rally…

On Thursday, Portal, the eagerly awaited gaming token and cross-chain platform, was launched, providing rewards to early participants and paving the way for upcoming staking opportunities and feature releases. The PORTAL price has tanked 50% in the last 24 hours slipping all the way to $2.40 and its market cap slipping under $400 million. More About Portal Protocol Portal is a central hub in the vast crypto universe. It’s like your go-to spot where you can dive into all sorts of crypto and NFT games from various networks. It’s not just gaming; it’s a whole experience. Users can play games,…

The U.S. Securities and Exchange Commission filed charges against two investment advisors over what the agency deemed misleading statements related to the firm’s use of artificial intelligence, the SEC said on Monday. The SEC charged the U.S. arm of Canadian company Delphia and U.S.-based Global Predictions with breaking regulatory marketing rules or “AI washing.” After the agency issued a cease-and-desist order, the two companies agreed to settle the charges and pay a total of $400,000 in civil penalties. The SEC said that from 2019 to 2023, Toronto-based Delphia misled investors and regulators about its AI capabilities, falsely claiming its technology…

Commerceblock has released a new atomic swap protocol for use with statechains on their Mercury Layer protocol. The HSM server has introduced functionality to support atomically swapping two statechains, as well as enforcing an atomic exchange of a statechain for a Lightning payment. This is the first example of concretely defined and built interactions between statechains and the Lightning Network. Synergy between both protocols has been postulated since the concept of a statechain was originally proposed by Ruben Somsen, specifically as a way to solve the limitation of having to transfer a whole statechain UTXO at once. Basic Statechain Swaps…

The Bitcoin price just hit new record highs in euros and British pounds. BTC/EUR crept above €60,000 during early Monday trade, before briefly surpassing €62,000 during US trading hours. BTC/GBP, meanwhile, hit £53,000, convincingly surpassing its prior record peaks of around £51,000 in 2021. In US dollar terms, Bitcoin surpassed $67,000 and is now within 3% of November 2021 record highs at $69,000. Just four days into March, and Bitcoin is already up around 10%. Following February’s 44% price pump and amid seemingly unstoppable ongoing bullish momentum, it almost now feels inevitable that the Bitcoin price will hit record highs…

Today, XPUNKS, the project credited with kickstarting the XRP NFT craze in 2021 announced its departure from the XRPL, aiming instead for the greener pastures of Solana. A video released by XPUNKS, showing the XRPL logo rhythmically fading away followed by ecstatic music and a Solana logo revealing itself, makes it quite clear that XPUNKS has set its sights on Solana. XPUNKS may very well be the biggest NFT project you’ve never heard of. Gaining significant notoriety in 2021 by releasing an IOU token on the XRPL and front-running the release of its upcoming NFT amendment, XPUNKS not only invented…

Dogwifhat (WIF), an emerging meme coin in the cryptocurrency world, has seen a significant influx of investment from a single Solana (SOL) trader, sparking widespread interest and speculation among the crypto community. According to a recent tweet by the blockchain analytics platform Lookonchain, an unidentified trader withdrew a substantial sum of 16,160 SOL, equivalent to approximately $2.15 million, from Binance. 5 hours ago, a fresh wallet withdrew 16,160 $SOL($2.15M) from #Binance and spent the 16,160 $SOL($2.15M) to buy 2.43M $WIF at $0.8871.Did he know something that we don’t?https://t.co/Ajhl4hlNSu pic.twitter.com/Qte5nvyFes — Lookonchain (@lookonchain) March 1, 2024 The funds were then used…

South Korean regulators talked to officials from ASEAN, the Association of Southeast Asian Nations, and the OECD about crypto policy in Seoul on March 18. Per Yonhap, the event was hosted by the Seoul-based Financial Services Commission (FSC), South Korea’s top financial regulator. South Korean Regulators Aiming for International Crypto Cooperation? The FSC announced that its international conference would “share the progress of digital finance policies in ASEAN countries.” The parties said they wanted to “resolve risks” surrounding crypto and other matters. The regulator said the meeting was part of an event named “South Korea-OECD Roundtable: On Digital Finance in…