Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Institutional Investors Gave Up and Turned to Solana (SOL)!

While the declines in Bitcoin (BTC) and altcoins in recent weeks have increased uncertainty in the market, CoinShares announced the results of the survey it conducted with the participation of crypto asset fund managers. Sharing the survey results from his account The prominent topics in the survey results are summarized as follows: “-In our first survey since the approval of spot Bitcoin ETFs in the US, 41% of investors believe Bitcoin has the most compelling growth outlook, keeping Bitcoin at the top spot. -The proportion of cryptocurrencies in portfolios increased from 1.3% to 3%, the highest weight since the survey…

BitcoinMay 7

BlackRock Ignited RWA Altcoins! Which RWA Altcoins to Follow?

As it is known, BlackRock, the world's largest asset manager, has launched a new real-world asset (RWA) tokenization fund on the Ethereum (ETH) network. This fund, called 'USD Institutional Digital Liquidity Fund (BUIDL), allows investors to earn US dollar returns. After BlackRock launched its RWA-themed fund, the RWA sector gained momentum and RWA tokens also rose. Discussing the rise in RWA tokens and BlackRock's new fund, cryptocurrency platform Layergg listed the RWA altcoins that are in the portfolios of the largest VC firms and should be watched. Firstly, noting that POLYX has increased by +200%, ONDO has increased by +131%,…

AltcoinsMay 7

US Crypto Taxes in 2024: IRS Proposed Regulations Explained

August 2023: proposed regulations On Aug. 25, 2023, the US Treasury and the IRS released proposed regulations that would require companies engaged in digital asset-related services to file information returns and furnish payee statements for digital asset dispositions. The proposed regulations provide clarification on several important aspects, including which digital assets are subject to reporting, who qualifies as a broker, how to calculate basis in a digital asset and the treatment of digital assets as a separate category distinct from securities and commodities. "A key part of this effort fits in with the larger IRS compliance focus on wealthy taxpayers.…

LegalMay 7

Japanese yen goes to zero against Bitcoin

Yen, the third-most traded fiat currency in foreign exchange markets, has fallen flat against Bitcoin. The Japanese yen crashed to a 34-year low as authorities struggled to stem hyperinflation in the economy. According to Bloomberg, Japan’s sovereign fiat money suffers mainly due to a difference between local interest rates and U.S. Federal Reserve rates. While the Japanese government navigates this conundrum, Bitcoin (BTC) has outstaged the yen in direct monetary value. On April 25, Google Finance showed that one Japanese yen equaled zero BTC. Japanese yen against BTC chart | Source: Google Finance In February, BTC rallied against several fiat…

BitcoinMay 7

Argentine Lower House Passes Cryptocurrency Legalizing Opportunity in Reintroduced Omnibus Law

The Argentine Chamber of Deputies passed a series of cryptocurrency tax opportunities for citizens holding undeclared assets in foreign countries as part of reintroducing the “Omnibus law.” The bill, which was dropped in February, has now been reintroduced and approved by the lower house and is expected to be discussed by the Senate in the coming days. Omnibus Law Reintroduces Opportunity for Argentine Citizens to Legalize Cryptocurrency Held Abroad Argentina might present a new opportunity for citizens to regularize previously undeclared cryptocurrency and other assets abroad. The Argentine Chamber of Deputies recently passed the so-called “Omnibus law,” which seeks to…

LegalMay 7

Bitcoin Unrealized Profits of Long-Term Whales on the Rise

New data shared on CryptoQuant notes a substantial increase in unrealized Bitcoin ($BTC) profits for long-term players in the cryptocurrency market. Long-term “whales,” who manage to accumulate large positions in a particular crypto for an extended period, have seen huge profits, which might impact market sentiment the day they opt to withdraw them and cash out. Unrealized Whales' Profits “Highlights a significant rise in long-term whales's unrealized profits, suggesting they're holding onto their positions and could impact the market if they start taking profits.” – By @Woo_Minkyu Full post 👇https://t.co/UspANdO97Z — CryptoQuant.com (@cryptoquant_com) April 25, 2024 Unrealized Profits of Long-Term…

BitcoinMay 7

DOGE Unveils GigaWallet, Game-Changer for Dogecoin Investors

In an exciting announcement, the Dogecoin Foundation has released the Dogecoin GigaWallet v1.0. GigaWallet is a backend service that offers a simple integration API for sites like online stores, exchanges and social media platforms to transact Dogecoin programmatically. The purpose of the GigaWallet is to promote the rapid uptake of Dogecoin as a payment option, removing the complexity and risk associated with integrating Dogecoin payments into businesses. Dogecoin GigaWallet v1.0 has been released Thank you to the early adopters already building great solutions on Dogecoin 🔥 "GigaWallet is a backend service which provides a convenient integration API for platforms such…

AltcoinsMay 6

US Government Could Target Bitcoin, Warns 'Wolf of All Streets' Amid Crypto Attacks

Scott Melker, also known as the “Wolf of All Streets,” has cautioned that the same attacks on cryptocurrencies by the U.S. government “would eventually come for bitcoin, regardless of it being a commodity.” His warning followed recent regulatory actions by various government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Securities and Exchange Commission (SEC). US Government ‘Would Eventually’ Attack Bitcoin Scott Melker, also known as the “Wolf of All Streets,” shared his concerns regarding the U.S. government coming after bitcoin in a post on social media platform X Thursday. His warning followed…

LegalMay 6

5 Must-See NFT Projects of 2024 for Gamers and Collectors

Loaf Pet: Solana-based NFT offering immersive gaming and social networking integration. BAYC: Exclusive Ape NFTs granting access to a prestigious community and events. Doodles: Next-gen entertainment crafting narratives and experiences around NFT collectibles. The digital era witnesses a seismic surge in NFT (Non-Fungible tokens) projects, promising novel paradigms in virtual asset valuation. 2024 looms as a pivotal juncture for NFT initiatives, with five standout projects poised for prominence. 1. Loaf Pet: Gaming’s New Frontier At the forefront of anticipation lies Loaf Pet, an integral component of the Loaf Cat gaming universe flourishing on the Solana blockchain. Players eager to immerse…

NFTMay 6

Ripple CEO Sides With Ethereum, Says ETH and XRP Aren’t Securities

Ripple CEO Brad Garlinghouse throws his weight behind Ethereum as the SEC intensifies its probe to determine whether certain ETH transactions qualify as securities. Garlinghouse’s support comes after MicroStrategy CEO Michael Saylor characterized ETH as unregistered securities. As reported earlier, Saylor stated that ETH, XRP, Solana (SOL), Binance Coin (BNB), and Cardano (ADA) constitute unregistered securities. According to Saylor, these assets will never have their spot exchange-traded funds (ETFs). Ripple CEO Says ETH and XRP Aren’t Securities However, Garlinghouse has a contrary opinion. Speaking in his fireside chat with Arrington Capital founder and partner Michael Arrington at the XRP Las…

LegalMay 6