Author: NBTC

In line with President Joe Biden’s plans, the US Department of Treasury is once again suggesting a plethora of tax rules relating to digital assets, including outlawing wash-trading and imposing an excise tax on electricity costs for miners. The Treasury on Monday released its 2025 revenue proposals, known as the “Greenbook,” outlining the tax recommendations in Biden’s budget, also published Monday. The crypto-related proposals are largely a repeat from what the President asked for in 2023, which ultimately did not become law. Read more: Biden won’t tax crypto out of existence: Lummis The Department wants to add an excise tax…

Space and Time (SxT), a decentralized data warehouse that uses artificial intelligence to train its data models, will be launching its network on a zkSync hyperchain. Blockchain networks often operate in silos, having limited interoperability with other chains. zkSync hyperchains offer a solution by providing an open-sourced framework specifically designed for zk rollups and layer-3 networks. This enables the creation of interconnected ecosystems through decentralized sequences that allow for more efficient transaction processing. Moreover, hyperchains incorporate hyperbridges, which facilitate seamless asset and data transfers across different blockchains. By addressing interoperability challenges, zkSync hyperchains are able to streamline transactions, reduce fees…

As Bitcoin (BTC) continues its push toward a potential new all-time high (ATH), pulling the majority of the cryptocurrency sector with it, finance experts have shared their views of where the price of the flagship decentralized finance (DeFi) could end up by the end of this year. Indeed, since the beginning of 2024, the maiden crypto asset has raced by nearly 60%, primarily under the influence of a positive sentiment surrounding the approval of spot Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC), the upcoming halving, and more. Taking this optimism and other bullish factors…

Cross-chain bridge protocol Wormhole is gearing up for a multi-billion dollar airdrop of its upcoming W token, pre-market trading data suggests. On Monday, W traded for 2.49 USDT in OTC trades recorded through Bybit— more than five times higher than it traded for one month ago in the perpetual futures market. At the time, Wormhole published a tokenomics and unlock schedule for W, which entailed a token generation event that would immediately release 1.1 billion tokens, with another 600 million tokens released to the community over the next several months. The math adds up to an immediate airdrop worth $2.73…

Travis Hill, vice chairman of the FDIC, criticized the U.S. banking restrictions on handling digital assets for clients. On Monday, Hill urged a proactive approach to blockchain technology, indicating that current regulatory stances hinder innovation. He emphasized the need for clarity in policies regarding permissible actions and standards for safety and soundness. Hill, who previously worked as a Republican Senate staffer, pointed out the challenges in policy-making due to the rapid evolution of technology. In 2022, top U.S. bank regulators, including the FDIC, Federal Reserve, and Office of the Comptroller of the Currency, warned banks about the risks of engaging…

The digital gaming landscape is on the brink of a revolutionary change as Polkadot, a leading blockchain interoperability platform, unveils a new Software Development Kit (SDK) for Unity, the globally renowned creator tools platform. This move is set to transform the way decentralized applications (dApps) and games are developed, providing a seamless gateway to the vast Polkadot ecosystem. The introduction of the Verified Polkadot SDK for Unity marks a significant milestone in Web3 game development. Verified by Unity, this SDK serves as a frictionless entry point, connecting the sophisticated tools of Unity with the innovative, interoperable blockchain technology offered by…

Yesterday, Bitcoin recorded the first correction candle after a long phase of increases that seemed unstoppable, causing liquidations on the futures markets for over 1 billion dollars. Since this morning, prices have partially recovered from the dump, reaching above $66,500 and opening hopes for the continuation of the bull run. Many are expecting a more pronounced reversal in the coming days, but will it really be so? Below, analysis and forecast of future prices of the crypto. Bitcoin rejected at all-time highs: flash crash to $59,000 and futures liquidations for $1 billion Analysis and future price prediction: is the Bitcoin…

Shibarium experiences a remarkable surge in activity with a 30% increase in active accounts. The Shiba Inu price surged by over 33%, reaching its highest value since April 2022. Daily transaction volume on Shibarium reaches a robust figure of 2.34 million amidst the cryptocurrency’s transformative period. Shibarium has witnessed a remarkable surge in activity, signifying significant advancements in the cryptocurrency sector. In the past 24 hours, the number of active accounts engaging in transactions on Shibarium has spiked to 905, marking a substantial 30% increase compared to the previous day. Interestingly, this surge seems to be driven primarily by increased…

U.S. crypto exchange Coinbase has filed an action against the Securities and Exchange Commission, accusing the agency of behaving arbitrarily and capriciously in its refusal to tailor rules to clarify oversight of the industry. This case is a response to the SEC’s denial of the company’s formal petition for rulemaking, again putting an important question for the future of crypto regulation before the courts. Coinbase Inc. (COIN) has accused the U.S. Securities and Exchange Commission of ignoring the law when it rebuffed the company’s formal petition for crypto rules, according to a filing Monday in the U.S. Court of Appeals…

MAP Protocol has officially announced its entry into the NVIDIA Developer Program. The strategic collaboration is set to catapult the interoperability of Bitcoin into a new era, leveraging the formidable AI capabilities of NVIDIA. As a significant player in the Bitcoin ecosystem, MAP Protocol’s initiative to integrate AI for advancing interoperability research and implementation marks a pivotal step forward. Coupled with it, the alliance with NEAR Protocol, a leader in AI blockchain innovation, further underscores a concerted move towards fostering a seamless interaction between the Bitcoin L2 ecosystem and other blockchain platforms. MAP Protocol and NIDIA harnessing AI for blockchain…