Author: NBTC

South Korea’s National Tax Service (NTS) has clarified that income generated from digital assets held in private wallets or on overseas exchanges is subject to taxation, according to a report from Digital Asset. The agency stated that residents’ income from transferring or lending digital assets is taxable regardless of where the assets are held. Scope of Taxation Broadens The NTS acknowledged practical limitations in fully identifying unreported transaction data from private-wallet activity, but it pledged to introduce transaction-tracking and analysis programs to prevent tax blind spots. This move signals a significant expansion of the country’s crypto tax enforcement, which previously…

Whale Alert reported two major Bitcoin transfers from Kraken totaling 2,957 Bitcoin [$BTC], worth approximately $186.6 million, into unknown wallets. The first transaction moved 1,800 $BTC valued at $113.56 million, while the second transferred 1,157 $BTC worth $73.06 million. Such withdrawals historically reflected coins leaving exchange custody, reducing immediately available trading supply instead of preparing assets for liquidation. Therefore, the latest movements revived discussion around institutional accumulation rather than short-term distribution. Large investors often preferred self-custody or custodial wallets after acquiring significant positions, especially during periods of market uncertainty. However, exchange outflows alone never guaranteed sustained upside because broader market…

Ethereum ($ETH) could reach $20,000 in the next few years, according to Credible Crypto. The premise for his thesis lies in $ETH’s trading range of five years, weak relative performance vis-à-vis Bitcoin ($BTC), as well as a potential rotation into higher-risk assets. Analyst Sees $ETH Breaking 5-Year Range As explained by the analyst in Sunday’s episode of the No Bs Crypto podcast, $ETH has been trading in a range of around $1,500 to $5,000 for about five years now, the token having touched both ends several times in the process, forming what he considers a large higher timeframe range. Additionally,…

In brief Strategy (MSTR) led crypto-linked equities, up 11.95% to $103.58, while Coinbase (COIN) rose 9.05% to $159.47. Circle (CRCL) added 9.44% to $78.50 and BitMine (BMNR) gained 9.68% to $20.05, tracking Bitcoin’s surge toward $70,000 and a market-wide short squeeze. Strategy and Coinbase also rank among Wall Street’s most shorted large-cap stocks, meaning today’s pop may be squeezing equity bears too. Crypto proxies in the stock market are staging their sharpest one-day rally of the summer. Bitcoin treasury Strategy, which trades as MSTR, led the pack, up 11.95% to $103.58, while Coinbase (COIN) climbed 9.05% to $159.47. Stablecoin issuer…

Injective’s weekly burn auction takes a share of the fees its apps earn, packages them into a basket, and auctions that basket off to the highest bidder in $INJ. The $INJ used to win is destroyed forever. This has run every week since December 2021 and remains one of the examples of tokenomics tied directly to network use. What Is the Injective Burn Auction? The burn auction is an onchain, first-price style bidding event built into Injective’s exchange and auction modules. It launched in December 2021, and its first round burned 40,000 $INJ. The idea is as follows: as more…

Data centers have hit peak levels of unpopularity, and Republicans have started to feel the metaphoric heat akin to the literal heat complaints that local residents have raised since the AI boom took off. According to a National Republican Senatorial Committee memo that Axios reports to have seen, the committee warned AI companies that the facilities that power their billion-dollar startups could punch a hole in Sen. Jon Husted’s case to return to office in November. The memo contained a stark warning about the domino that could start to fall if Democratic Sen. Sherrod Brown, who is polling ahead of…

AIxCrypto Holdings, a Nasdaq-listed company shifting from a digital-asset treasury toward robot rentals, plans an orderly exit from its crypto holdings after reporting $577,328 in cash at June 30. The company’s June 30 quarterly report listed 46 bitcoin, 616 ether, 6,659 solana, 1,308 BNB and smaller positions in ADA, LINK, TRX, USDT and XRP. The assets had an aggregate cost basis of $10.43 million and a fair value of $5.21 million, leaving a $5.22 million cost-to-market gap. That gap is not necessarily a new loss waiting to be recorded when the assets are sold. AIxCrypto already measures the portfolio at…

Yesterday, the crypto community decided to commemorate the life of country music star Dolly Parton by pumping and dumping memecoins using her name and photos. Her nephew announced her passing on Tuesday afternoon. Within minutes, unauthorized Solana memecoins bearing her likeness were trading on at least a dozen trading pairs across crypto markets. Crypto influencers have a concerning history of turning real-world deaths into trading opportunities, including memecoins created after the death of Hulk Hogan, Ozzy Osbourne, Charlie Kirk, Charlie Munger, Henry Kissinger, Liam Payne, and others. Creators mint most memecoins on Pump Fun, a Solana-based launchpad that lets anyone…

The UK government sent more than 81,000 warning letters during the 2025/2026 financial year to crypto holders it suspects of owing unpaid taxes. A freedom of information request seen by the BBC revealed that the volume of letters from HM Revenue and Customs (HMRC) had tripled from 27,714 in 2024. Unpaid taxes stem from crypto bull run HMRC believes most of the unpaid taxes stem from gains made during the crypto bull run between 2022 and 2025. The letters remind UK crypto users that if they sell, give away, exchange or make a purchase with crypto, they may need to…

Leading cryptocurrencies edged higher on Sunday as investors weighed President Donald Trump’s remarks about a potential Iran peace agreement. Crypto Market Consolidates Bitcoin wobbled within a range of $62,890 to $63,700, with trading volume surging 19% over the 24-hour period. Ethereum also remained stuck within $1,800, while XRP and Dogecoin traded in the green. Nearly $150 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bearish short positions, according to Coinglass data. Bitcoin’s open interest rose 0.31% over the last 24 hours. Retail and whale derivatives traders remained net long on $BTC, but trimmed their…