Author: 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.
Omnisea, a platform dedicated to fostering innovation and creativity, is gearing up to introduce a groundbreaking integration with Ritual. Their groundbreaking integration with Ritual, an open, sovereign AI execution layer, is coming soon. Omnisea will enable Ritual-powered aiNFT Drops in the coming weeks, leading the Crypto and AI revolution. https://t.co/gTCfQmRSiE — Omnisea | Omnichain NFTs (@omnisea) March 14, 2024 Omnisea and Ritual Forge Path for AI-Powered NFTs This project envisions a future where artificial intelligence creates pictures, videos, audio, 3D objects, and more. Because of the growing link between cryptocurrencies and AI, Omnisea wants to be the best protocol for…
An Uphold-affiliated XRP address moved over $162 million worth of XRP as the cryptocurrency’s trading volume and price record substantial surges. On-chain data shows that a blockchain address associated with XRP-friendly exchange Uphold moved a significant sum in the hours leading up to press time. The address transferred 250 million XRP ($162.7 million) to another address tagged as belonging to the exchange. The dynamics around the fund movements suggests the transaction was an in-house transfer from Uphold. Notably, the recipient address has occasionally moved funds to other exchanges such as Bybit. Meanwhile, the sending and receiving addresses cumulatively hold 2.1…
The US District Court for the Western District of Washington has entered a final judgment against Sameer Ramani for engaging in insider trading. Ramani was implicated in a scheme to trade ahead of multiple announcements concerning at least nine crypto asset securities slated for trading on the Coinbase platform. The case stemmed from allegations brought forward by the Securities and Exchange Commission (SEC), which asserted that Ramani received privileged information from his associate, Ishan Wahi, a former product manager at Coinbase. Wahi allegedly orchestrated the timing and content of public listing announcements, divulging sensitive details to Ramani and Nikhil Wahi,…
Dencun, the latest upgrade to grace the Ethereum network, might have fulfilled its vision to address high fees, as data confirms a significant drop in average transaction fees across Ethereum layer-2 (L2) networks. Following an extended period of anticipation, the Dencun upgrade finally went live on the Ethereum mainnet on March 13, as confirmed by Ethereum Foundation Protocol Support Tim Beiko. According to data provided by Dune, L2 protocols utilizing blob transactions have experienced a significant decrease in transaction fees, with platforms such as Base, Optimism, and Arbitrum seeing some of the largest drops shortly after Dencun went live. Layer-2…
Analyst Explained the Real Reason for the Decline in Bitcoin, Warned Investors! “It Looks Very Similar to 2020, There May Be More to Come!”
Although the leading cryptocurrency Bitcoin experienced a new ATH, reaching $ 69,300 on some exchanges, this did not last long and BTC experienced a shock decline from there. In the face of this decline, Bitcoin fell to $ 59,000. While it was stated that there was sales pressure behind this decline in BTC, it was announced that the main reason for these sales was that some miners who mined in 2010 moved BTC to Coinbase. According to Coindeks, the first Bitcoin miners are contributing to the selling pressure in BTC by sending old block rewards to exchanges. According to data…
SecondLive has been introduced on the Blast Mainnet, a landmark moment for them, which they will commemorate with three special activities involving $BEAN tokens and NFTs enhanced by upcoming incentives. The first activity will entail clocking in on Blast Mainnet. The second activity will involve claiming a special Blast Mainnet Badge NFT and the third will be minting the Blast Mainnet Commemorative Uniform NFT. SecondLive is known to develop AI-powered tools and frameworks that allow users to build an open metaverse with ease. For the last two years, SecondLive has brought together an international community comprising more than two million…
Tether’s USDT touched the $100 billion market cap threshold Monday for the first time in its history, CoinGecko data shows. USDT grew by $2 billion over the past week, benefiting from increased demand for liquidity for crypto trading. USDT, a stablecoin issued by Tether, briefly hit $100 billion in market capitalization for the first time in its history, according to CoinGecko data, as the rally on crypto markets expanded. While the number of USDT tokens stood at around 99.5 billion, according to Tether’s website, a slight price premium over the token’s $1 price peg on some exchanges was enough to…
U.S. President Again Proposes Crypto Mining Tax, ‘Wash Sale Rule’ for Digital Assets in New Budget
U.S. President Joe Biden unveiled his proposed fiscal year 2025 budget proposal, which included a crypto mining excise tax and addressing crypto in wash-sale rules. These are similar taxes to those proposed last year, which ultimately weren’t taken up by Congress. U.S. President Joe Biden will once again pitch a wash trading rule, crypto mining tax and other regulations in his proposed budget for the upcoming year, taxes that the administration suggests could generate nearly $10 billion in 2025, and north of $42 billion over the next decade. The president’s proposed budget for the upcoming fiscal year, released Monday, includes…
Fans of the outer space role-playing game have spent the last two decades filling the persistent universe with epic-scale battles, launching in-game corporations with over 10,000 players, and developing community lore so extensive that multiple books have been written about it. They’ve also deployed extensive tools and data platforms around CCP Games’ creation, plugging holes and expanding on the game in ways that the Icelandic studio hadn’t conceived of. CCP Games founder and CEO Hilmar Veigar Pétursson told Decrypt’s GG that half of the activity on Eve Online’s database is now generated by externally developed code. Eve Online players embraced…
Koinly recently announced a partnership with NEAR Protocol. The announcement was made on the official X account of Koinly. The recent partnership is aimed at simplifying the tax process for global crypto use. The tweet by Koinly sheds some light on how it will be done: Seamless Integration: Users can get started with their crypto tax journey by simply signing up with Koinly. Once done, they can connect their NEAR wallet using the public address. There is no need for CSV imports or manual data entry. Automated Calculations: Users no longer need to perform laborious tasks with the assistance of…