Author: NBTC

Bitcoin price is holding the key support at $60,000. BTC could start another increase and rise toward the range resistance at $63,500. Bitcoin is still trading in a range between $60,000 and $63,500. The price is trading above $61,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $61,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears $62,200 and $62,500. Bitcoin Price Remains Steady Bitcoin price started another decline from the $63,500 resistance zone. BTC traded…

TAIPEI, July 7 (Reuters) – Taiwan’s central bank said on Sunday that it has no timetable for launching a digital currency, warning the process will be “huge and complex”, but it will hold public hearings on the matter next year to spread knowledge. Taiwan’s central bank has been working on a pilot for a government-run digital currency, to allow people to use a digital wallet and make payments without using a debit or credit card. “Although the bank currently has no timetable for issuing central bank digital currency, in the process of continuous research and experimentation it is already improving…

While partnerships continue to increase in the cryptocurrency industry, the latest partnership news came from German telecom giant Deutsche Telekom and NEAR. Accordingly, T-Systems, a subsidiary of German Telecom giant Deutsche Telekom, and Aurora Labs, the developer of NEAR, announced that they have established a new partnership. As part of this partnership, Aurora Labs and T-Systems will work together on next-generation software updates. The partnership combines Aurora Labs’ proprietary software update technology with T-Systems’ wireless platform, allowing manufacturers to optimize time-to-market and total cost of ownership for software-defined vehicles, enabling every device in the vehicle to be used anywhere, at…

News regarding regulation for crypto taxes: the United States (USA) Department of the Treasury and the IRS have published the final regulations concerning the tax reporting of sales and exchanges of digital assets. These regulations aim to facilitate taxpayers in submitting accurate declarations and in paying the taxes due according to the current law. The new provisions represent a significant step towards greater transparency and tax compliance in the world of cryptocurrencies and other digital assets. Let’s see all the details below. Tax regulation for crypto: clarity on taxes for US taxpayers Improving tax reporting and reducing evasion Keisha Lance…

Bitcoin’s mean transaction fee has reversed the post-halving Runes-led spike. Analysts said the decline in fees and the stalled BTC price rally may lead to selling pressure from miners. Bitcoin (BTC) miners reduced their coin inventory before the reward halving took effect on April 19. The trend could soon resume as the blockchain has become cheaper to use, squeezing miners’ revenue. “Daily average network fees spiked after the halving, offsetting some pain for bitcoin miners. However, fees have since come down as the initial rush of users to the Runes protocol cooled off,” analysts at Kaiko said in a weekly…

Prominent crypto payment firm Ripple may be set to offload as much as 400 million XRP this June, negating past trends. This inference is drawn from Ripple’s atypical XRP transaction activities observed during the unlocking of 1 billion XRP for the month. Before the scheduled unlock, Ripple engaged in significant XRP shuffling between various wallets on June 1. Ripple Shifted 1B XRP Before Official Escrow Unlock Blockchain records indicate that at 21:30 UTC on June 1, Ripple moved 200 million XRP, worth approximately $104.1 million, from the “Ripple 24” wallet to its main operational wallet, “Ripple 1.” Four minutes later,…

The MiCA stablecoin regime came into effect yesterday. However, its implementation was met with some uncertainty and challenges regarding the scope, application, and impact of the new rules. What is MiCA? MiCA, or the Markets in Crypto-Assets Regulation, is a comprehensive regulatory framework for crypto assets and related services across EU countries. MiCA aims to foster innovation, ensure consumer protection, maintain market integrity, and support financial stability in the EU crypto market. The MiCA proposal was introduced in 2020, with its final text approved by the members of the European Council in October 2022. Following its publication in the Official…

Blockchain has the ability to support many new applications, and few are more promising than the tokenization of real-world assets, which combines the flexibility of decentralized trading with the tangible value found in traditional financial markets. Increasingly, more organizations are exploring the possibilities of asset tokenization, which provide avenues for increasing liquidity in markets and alternative funding sources. But getting into tokenization itself can be a daunting proposition, as very few companies actually have any idea how to go about tokenizing a real-world asset. Why tokenize a real-world asset? Tokenization refers to the process of taking a real-world asset such…

The crypto market has endured volatility since late March, and savvy investors are now eyeing airdrops as a potentially lucrative avenue. For investors and crypto enthusiasts, these airdrops offer the chance to acquire new tokens and join the vibrant crypto communities. eBTC, Dyson Finance, and Kinetix Announce Campaign to Reward Users Airdrops aim to distribute free tokens while attracting new followers and expanding user bases. This June, there are three significant airdrops to watch – eBTC, Dyson Finance, and Kinetix. eBTC Announces Round 3 of Get Paid to Borrow Bitcoin Campaign eBTC is capturing attention with its “Get Paid to…

Russia’s sanctioned business association considers a national Bitcoin fund to enhance the use of digital financial assets in foreign trade. The Russian Union of Industrialists and Entrepreneurs (RSPP), a sanctioned Russian union representing the country’s wealthiest business figures, is considering launching a national crypto fund to use crypto in foreign trades as Russian business explores options to circumvent Western sanctions. In an interview with Russia’s newspaper Vedomosti, managing director of financial policy and financial markets at RSPP Andrey Lisitsyn said the fund would be based on Bitcoins (BTC) produced by local miners. Russia would then issue digital financial assets (DFAs)…