Author: NBTC

Latest findings from a survey by a tech policy think tank reiterate its suggestion that India should consider revising its taxes on crypto. The study also found that India’s anti-money laundering rules were not sufficient to reverse the impact of the high taxes on the crypto industry. India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, the latest survey of savvy Indian investors by a New Delhi-based technology policy think tank revealed. The study by the Esya Centre also found that Indian investors are considerably…

Macro trader and economist Alex Krüger is saying that the macro environment is currently conducive for risk assets such as Bitcoin (BTC), other crypto assets and stocks. In an interview with the chief investment officer of the investment firm Arca, Jeff Dorman, Kruger says, “My outlook for Bitcoin remains very bullish into year-end. And if that happens… it just makes sense that it carries everything with it. Like when Bitcoin is going up usually everything goes up. It is that simple.” Bitcoin is trading at $61,478 at time of writing. According to Kruger, risk assets could increase in price over…

A well-known smart Ethereum investor has once again made a significant move in the cryptocurrency market. According to Lookonchain, this investor bought 4,000 ETH just a few hours ago. The worth of these tokens is approximately $12.58 million. A smart money with a 100% win rate bought 4,000 $ETH($12.58M) again 5 hours ago!This smart money bought and sold $ETH 7 times from Nov 21, 2022 and May 23, 2024, buying at low prices and selling at high prices each time, with a 100% win rate and a total profit of more than… pic.twitter.com/3fnCkyfmQT — Lookonchain (@lookonchain) August 2, 2024 Can…

In a presentation at the recent XRP Ledger Apex event, Wietse Wind, Founder of XRPL Labs, shared his insights and vision for the future of blockchain technology, mainly focusing on the XRPL (XRP Ledger). The title of Wind’s talk, “The Blockchain No One Knows About,” possibly carries a dual meaning. Firstly, it reflects the current reality that the XRP Ledger (XRPL) is not as well-known or widely recognized as other blockchain technologies despite its powerful capabilities and unique features. Wind highlighted the XRPL’s ease of use, standardized API, native decentralized exchange, and innovative features like pull payments and key recovery…

Kamala Harris cannot afford to “cede crypto to Trump,” according to OMFIF, an independent financial think tank. The organization said luring some crypto supporters’ votes and donations from the Republican camp “could make a difference in key battleground states.” U.S. Vice President Kamala Harris, the presumptive Democratic presidential nominee, cannot afford to cede crypto to Republican candidate Donald Trump because the support of crypto voters – not to mention their donations – could “make a difference in key battleground states,” according to the Official Monetary and Financial Institutions Forum (OMFIF), an independent think tank. Last week, Trump wooed crypto supporters,…

The Bitcoin price is facing a crucial test in the coming days, which will decide whether or not the bottom is in for BTC and other large-cap cryptocurrencies. BTC appears poised to re-test the $60k support, a level it held in the crypto crash earlier this week. Experts believe that a successful test paves the way for new all-time highs while a breakdown below it could result in BTC falling to as low as $48k. This week’s key macroeconomic data – including the GDP and PCE figures – are expected to play a crucial role in Bitcoin’s price action. What’s…

Ethereum’s (ETH) price is reacting to a shift in sentiment from one of the most important cohorts of investors — the whales. This further impacts the long-term holders, who are known for their stability, as they could move to sell. Ethereum Holders Protect Their Investments Ethereum’s price lost a crucial psychological and technical support level over the last 24 hours. The reason behind this is the uncertainty of recovery among whales who opted to sell and secure their gains. Following the 11% decline from July 22 to July 25, whale addresses holding between 10,000 and 100,000 ETH began selling. About…

At the recent XRP Ledger Apex 2024 event in Amsterdam, Nancy Beaton, Uphold’s US President, shared valuable lessons from the company’s unwavering support for XRP during challenging times. Speaking with Yana Novikova, Senior Director of Product Management at Ripple, Beaton talked about Uphold’s strategies, the introduction of the self-custody wallet Vault, and how these experiences shape their vision for the future of crypto regulation and innovation. Uphold’s Commitment to XRP According to Novikova, Uphold stood out as the only crypto exchange that did not delist XRP during its regulatory uncertainties. Beaton emphasized that Uphold’s decision was based on strong community…

The Luxembourg Ministry of Finance has proposed a fourth DLT bill. It would add an optional role of “control agent,” who would be responsible for issuing digital securities, tracking the amount of the issuance, and maintaining a record of ownership. The European country has been one of the more supportive jurisdictions when it comes to the issuance of securities on distributed ledger technology (DLT)—a decentralized ledger network that uses multiple nodes to ensure data security and transparency, and the technology on which blockchains are built. Luxembourg is one of the world leaders for fund issuance, second only behind the United…

Chris Li predicts blockchain will shift from horizontal to vertical scaling soon. Vertical scaling could enhance efficiency in online casinos and improve user experience. Advanced solutions like atomic swaps may replace wrapped assets, preserving decentralisation. Chris Li, a former Microsoft engineer and the founder and CTO of Ava Protocol, has made a bold prediction for the future of blockchain technology. According to Li, the focus of blockchain development is set to shift from horizontal scaling towards vertical scaling within the next five years. This transition is anticipated to redefine how various industries utilise blockchain technology, particularly in terms of efficiency,…