Author: NBTC

In a strategic move influenced by upcoming general elections, South Korea has decided to delay the implementation of taxes on cryptocurrency gains until 2028. Initially, the government planned to impose a 20% tax on profits from crypto investments exceeding 2.5 million won (approximately $1,875) starting January 2023. This timeline was subsequently pushed to 2025, and now further delayed to 2028. The ruling People Power Party (PPP) argues that establishing a comprehensive regulatory framework is paramount before any taxation is enforced. This approach aims to ensure the stability and security of the crypto market, addressing its complexities and rapid evolution. What…

Lumia has released a new layer 2 (L2) network to bring Real World Assets (RWAs) into the blockchain. This network will increase on-chain liquidity, access to tokenized assets and new use cases in digital finance. Increasing On-Chain Liquidity and Access The new L2 network by Lumia will tokenise various real world assets including real estate, commodities, art, equities and financial indexes. This modular and capital efficient solution will deepen on-chain liquidity for these assets so they are more accessible to more users. It will bridge the gap between traditional finance and blockchain to enable more integration and utility. Tokenization is…

Michael Saylor, prominent Bitcoin supporter and executive chairman of MicroStrategy business intelligence behemoth, has made a BTC maximalist statement about the ability of Bitcoin to be transported anywhere in the world, including the graveyard, apparently. This coincided with Bitcoin first plummeting in the last 24 hours and then recovering its losses today as BTC printed a $1,000 green candle. That impressive rise was followed by a 1.5% decline and Bitcoin shedding around $800. The world’s largest cryptocurrency is changing hands at $57,140 at the time of writing. Michael Saylor issues BTC statement Michael Saylor commented on Bitcoin’s feature of being…

Data from top crypto analytics platform Messari shows that the price of XRP decreased 0.1% Quarter-on-Quarter (QoQ) while its market cap rose by 1.3% in the same timeframe. This was revealed in the latest Messari report, which highlighted XRP’s performance in the first quarter of 2024. XRP Price Dips 0.1% QoQ and Spikes 14.8% YoY According to Messari, XRP ended Q1 2024 with a unit price of $0.62, marking a 0.1% decrease from the figure recorded in the last quarter of 2023. The report revealed that XRP’s performance in Q1 2024 lagged behind the rest of the crypto market, which…

Australian computer scientist and one-time Satoshi Nakamoto claimant Craig Wright has been forced to update the homepage of his personal website with a legal notice declaring that he is not the inventor of Bitcoin. The notice – which must be displayed on Wright’s website for six months – declares that Wright lied “extensively and repeatedly” in court proceedings where he claimed to be Satoshi Nakamoto, and “attempted to create a false narrative by forging documents ‘on a grand scale’.” Wright’s web of lies, spun through “multiple legal actions” constitute a “most serious abuse” of the legal systems in the U.K.,…

Riksbank, the Swedish central bank, recently released a paper on the potential climate impact of retail central bank digital currency (CBDC) models. It concluded three things: that the energy usage of an e-krona would be similar to that of card payments, that after a certain point, more nodes lead to diminishing returns, and that proof-of-stake (PoS) blockchains and any kind with Byzantine Fault Tolerance (BFT) are likely palatable, whereas proof-of-work (PoW) blockchains are out of the question. Semi-centralized is Riksbank’s preference The Swedish central bank tested three models: fully centralized, semi-centralized, and fully decentralized or permissionless. It found that semi-centralized…

Michael Saylor has lost $105 million on his latest purchase of bitcoin for MicroStrategy.As usual, the CEO issued convertible debt – loans that may convert to equity and dilute prior shareholders — to purchase 11,931 bitcoins on June 20, 2024. On that date, MicroStrategy purchased bitcoin at $65,883 apiece. Today, each of those coins is worth just $57,000 — a 13.5% decline in less than three weeks. Saylor’s latest bitcoin buy has lost $105 million since June 20. June 20th was not Saylor’s only ill-timed purchase. Since the leverage-hungry CEO started his debt-for-bitcoin spree, MicroStrategy has purchased bitcoin above current…

Recently, Chiliz welcomed the BSC Young Boys NFT ecosystem to its sports blockchain platform. It contains NFT collections, including the popular Player Cards for the 21/22, 22/23, and 23/24 seasons, the Championship NFT 2023, and unique Museum Memorabilia, alongside the distinctive Ybees collection. This is huge news for the sports blockchain platform. BSC Young Boys is one of the most successful football clubs in Swiss football with millions of followers. BSC Young Boys migrate their entire NFT ecosystem to Chiliz Chain 🤝@BSC_YB NFT collections, including the widely popular Player Cards for the 21/22, 22/23, and 23/24 seasons, the Championship NFT…

The Floki meme coin recently hit a major milestone, with Total Value Locked (TVL) reaching $820 million. As a result, top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB) and Pepecoin (PEPE) are now far behind FLOKI with respect to their total TVL. FLOKI shines bright As revealed by the team, FLOKI’s $820 million TVL represents an all-time high (ATH) and the highest of any meme coin in the industry. Note that TVL represents the total value of an asset locked or staked in a particular protocol. A project with a higher TVL value is considered to be more successful…

Former US President Donald Trump, who recently survived an assassination attempt, has made a notable shift in his stance on crypto, positioning the technology as a key campaign issue for the 2024 presidential election. This change represents a significant departure from his previous skepticism towards crypto and digital assets. Trump dismissed crypto at least five years ago, stating that its value was based on “thin air” and expressing concerns about its potential to facilitate illegal activities. However, as the 2024 election approaches, the former president has adopted a pro-crypto stance, aligning himself with industry interests and appealing to a growing…