Author: NBTC

Last month, the US Treasury Department finalized new tax rules for the crypto industry. We should embrace them. Crypto users, attracted to the digital asset space because of its libertarian values and independence from the traditional financial system, may chafe at this larger IRS crackdown as burdensome or troubling. However, the time for scams and cons is over. The market has operated in a fog of ambiguity for too long. The SEC’s regulation by enforcement kills innovation on the business side and leaves investors uncertain about tax obligations and financial planning. Almost a century ago, US Supreme Court Justice Oliver…

Alchemy Pay has launched an innovative Web3 Digital Bank. It aims at enabling Web3 enterprises to open multi-fiat accounts with crypto support. This new venture is part of Alchemy Pay’s commitment to facilitating seamless transactions between fiat and crypto. As a key player in the fiat-crypto payment industry, Alchemy Pay continues to innovate with solutions such as the On & Off-Ramp, crypto card, and now, the Web3 Digital Bank. 🏦#AlchemyPay’s #Web3 Digital Bank allows enterprises to open virtual multi-fiat accounts online. Now, let’s unpack what this service means: multi-fiat accounts, solutions for enterprise, and virtual online banking. https://t.co/rQjUNZZ2BG$ACH pic.twitter.com/1yljcZvEy0 —…

It is generally a good idea to follow Warren Buffet’s investment advice. There are a few examples of this that are as stark as the potential upside for any investor who chose to buy Apple (NASDAQ: AAPL) stock in 2016 – the same year as the Oracle of Omaha. Still, every rule has an exception, and not even the legendary Warren Buffett is always right. Indeed, the famous investor opined in March 2014 that traders should avoid Bitcoin (BTC). At the time, the Oracle of Omaha stated that though the technology behind BTC is promising, it is unlikely to gain…

US crypto heavyweight Ripple may be forced to launch its own euro-pegged stablecoin alongside some of its competitors in the cross-border money transfer space. These suggestions were shared by XRP and Ripple community activist Crypto Eri (@sentosumosaba on X) with her 240,000 subscribers. New stablecoin design ideas must take into account some of the limitations provided by the MiCA regulations package. It not only limits the number of non-euro stablecoins to 1 million per day, but also introduces a capitalization of 200 million euros. Ripple’s potential USD-pegged stablecoin will soon reach these limits and will likely not be enough to…

Ripple CEO Brad Garlinghouse defends Kamala Harris amid crypto discourse. Garlinghouse advocates for an open-minded, policy-focused approach in crypto regulation debates. He believes that clarifying crypto regulations will bolster U.S. competitiveness and spark innovation. An insightful discussion on Ripple CEO Brad Garlinghouse’s defense of Kamala Harris amidst crypto criticisms, emphasizing the need for clear and supportive crypto regulations to elevate U.S. competitiveness. Ripple CEO Garlinghouse Calls for Clear Regulatory Stance Brad Garlinghouse, CEO of Ripple, has emphasized the necessity for a definitive stance on cryptocurrency regulation from Vice President Kamala Harris. His remarks come in the wake of the ongoing…

Crypto exchange BingX has unveiled a pre-market trading feature to provide users with early access to new digital assets. The innovation is set to offer enhanced price discovery and liquidity for these new tokens. Aimed at growing the platform’s user base, BingX anticipates attracting traders seeking early positions in emerging crypto assets. Stay ahead in the crypto market with BingX’s new pre-market trading feature, designed to grant early access, better price discovery, and enhanced liquidity. BingX Introduces Pre-Market Trading BingX has launched a new feature that enables its users to partake in pre-market trading for new crypto assets. This advancement…

While the Bitcoin market is in an interesting place, the selling pressure on the price continues to increase. While apathy and boredom prevail in the Bitcoin and cryptocurrency markets in general, the BTC price remains 18% below its ATH in March. Glassnode, an on-chain analysis firm that shares its weekly Bitcoin analysis, said investor sentiment may continue if BTC rises above $64,000. Analyzing the situation of new Bitcoin investors, Glassnode said that these investors suffered significant losses in their positions. At this point, Glassnode analysts, who also determined the basic price levels at which investors’ behavior may change, stated that…

Solana’s price surge past $185 led to $6.23M in liquidations, surprising traders. SOL’s rise is driven by adoption, market sentiment, and strategic partnerships. Short squeeze forced traders to close positions as SOL breached $185. In a dramatic turn of events, the cryptocurrency market witnessed significant liquidations as Solana (SOL) surged past the $185 mark. This milestone, achieved after a period of volatility, resulted in liquidations totaling $6.23 million. Traders and investors were caught off guard by the rapid price movement, leading to a flurry of activity in the market. 🚨 $SOL LIQUIDATIONS: $6.23 million liquidated in SHORTS as $SOL reclaimed…

Andreessen Horowitz (a16z) founders Ben Horowitz and Marc Andreessen recently discussed the various challenges the crypto industry has faced under the current administration, during which they also endorsed former President Donald Trump. The founders openly criticized the Biden-Harris Administration’s handling of the cryptocurrency industry, highlighting a series of regulatory challenges that they believe are stifling innovation and growth in the sector. During the podcast conversation, Horowitz and Andreessen detailed their frustrations with the Securities and Exchange Commission (SEC). They noted that the regulator has not provided clear guidance on which cryptocurrencies are considered securities and which are commodities. Gemini founder…

Bitcoin’s price on July 3, 2024, stands at $60,177, with a 24-hour intraday range from $59,712 to $62,974. The trading volume over the past 24 hours reached $24.36 billion, and the market capitalization is currently at $1.18 trillion. Analyzing various time frames and technical indicators reveals consistent bearish signals, suggesting caution for traders. Conversely, the decline completed a CME gap on the futures chart, suggesting a potential upward movement may be forthcoming. Bitcoin Bitcoin’s 1-hour chart highlights a downtrend from $63,211 to $59,544, demonstrating strong bearish pressure indicated by increased selling volume near the lows. Key support is noted at…