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.

South Korea’s Budget Office Proposes 5-Year Crypto Loss Carryforward and Higher Tax Threshold Ahead of 2025 Rollout

South Korea’s National Assembly Budget Office has recommended allowing virtual asset investors to carry forward trading losses for up to five years and raising the current tax exemption threshold of 2.5 million won (approximately $1,800), according to a report by Edaily. The proposals come as the country prepares to implement full-scale taxation on cryptocurrency gains starting January 2025. Key Proposals in the Tax Study The study, commissioned by the National Assembly Budget Office, outlines several measures aimed at addressing the practical challenges of taxing virtual assets. Among the most notable recommendations are: Introducing a five-year carryforward for capital losses from…

LegalAug 26

Upbit Lists Six Altcoins Including DePIN and AI Tokens in BTC and USDT Markets

Traders on South Korea’s dominant exchange woke to an unusually broad batch of altcoins on Monday, as Upbit opened six new trading pairs against both Bitcoin and Tether. According to the original report, the tokens went live at 2:00 p.m. KST on August 10, covering a sharp mix of sectors that few single listing events have attempted. The batch includes Cysic (CYS), which is building a ComputeFi ecosystem; Impossible Cloud Network (ICNT), a DePIN-based cloud infrastructure project; Anoma (XAN), a decentralized operating system that connects multiple blockchains; OpenEden (EDEN), a non-custodial lending protocol primarily built on Ethereum; $AIOZ Network ($AIOZ),…

ExchangesAug 26

U.S. state banking associations plan to launch their own nationwide blockchain network

After a year of policy battles in Washington between bankers and the crypto sector, the banks' state associations have announced they intend to launch a new bank-run blockchain network to facilitate financial innovations, including smart payments, tokenized deposits and stablecoins. Thirty-nine of the state banking associations signed on to the "BankChain Alliance" with an aim to build out the blockchain by next year, they said in a Tuesday statement, describing the project as "industry-owned, industry-designed and industry-governed." It's "an unprecedented collaboration representing thousands of banks," said Kathy Kraninger, the head of the Florida Bankers Association and a former director of…

BlockchainAug 26

“Could End the Bear Market!” Here Are the Details

While the leading cryptocurrency Bitcoin continues to hold above $60,000, some analysts believe it may have hit bottom. At this point, the latest analysis comes from Markus Thielen, founder of 10x Research. Markus Thielen highlighted critical levels for Bitcoin’s long-term direction. He stated that a monthly close above $63,000 for Bitcoin would be a significant signal confirming the bottom of the bear market. “…The key figure for Bitcoin right now is $63,000. This price level will determine whether the bottom of this month is confirmed or whether the bear market continues.” At this point, Thielen noted that Bitcoin’s July close…

BitcoinAug 26

3% PT Price Drop, Not Oracle Error, Triggered Morpho Market Move

Pendle, a decentralized finance (DeFi) protocol specializing in yield tokenization, has clarified that the recent large-scale liquidations in Morpho’s PT-reUSD/$USDC market were not caused by an oracle configuration error. The protocol explained that the liquidations were triggered by a brief 3% drop in the price of PT-reUSD, a token representing the right to redeem the underlying principal at maturity. What Happened in the PT-reUSD Market? According to Pendle, the price drop was reflected in the oracle benchmark, which uses the lower of the PT’s 15-minute average market price and a benchmark price that assumes a 6% annual discount rate through…

DeFiAug 26

Hudson River Trading signs multibillion dollar CoreWeave AI computing deal

Hudson River Trading signed a multiyear agreement worth billions of dollars with CoreWeave to expand the computing infrastructure used for its trading research and models. The agreement builds on an existing partnership between the companies and represents a material expansion of their relationship, CoreWeave Chief Revenue Officer Jon Jones told Bloomberg. He declined to disclose specific financial terms. As part of the deal, HRT will become one of the first CoreWeave customers to receive wide scale access to Nvidia’s newest Vera Rubin AI chips. HRT, one of the largest nonbank trading firms in the US, has been increasing its use…

RegulationAug 26

Lynch Warns Clarity Act Could Undermine Banks and the Dollar

U.S. Representative Stephen Lynch, a Massachusetts Democrat, has raised concerns that the Clarity Act, a proposed piece of legislation aimed at regulating digital assets, could inadvertently weaken the country’s banking system and the global standing of the U.S. dollar. Lynch’s remarks, reported by Crypto Briefing, underscore a growing debate in Washington about the balance between fostering cryptocurrency innovation and preserving the stability of traditional financial infrastructure. The Clarity Act and Its Intent The Clarity Act, introduced in the House, seeks to establish a clearer regulatory framework for digital assets, addressing issues such as classification, oversight, and consumer protections. Proponents argue…

LegalAug 26

Revolut wins French banking licence, creates second EU banking hub

Revolut has secured a full banking licence in France, creating its second banking entity in the European Union as the fintech prepares to move more than 30 million Western European customers onto a Paris-based operation. The European Central Bank’s Governing Council approved the licence following a joint review with France’s Autorité de Contrôle Prudentiel et de Résolution, according to Revolut, allowing Revolut Bank S.A. to operate alongside the company’s existing Lithuanian banking entity. The French operation will initially serve customers in France before Revolut progressively moves Germany, Ireland, Italy, Portugal and Spain onto the new entity. Lithuania will continue serving…

ExchangesAug 26

Japan eyes 24/7 blockchain settlement for stocks, JGBs

Japan is preparing to study a blockchain settlement system capable of processing stock and government bond transactions around the clock, according to an Aug. 26 report from Nikkei. The Financial Services Agency, Ministry of Finance, Bank of Japan and participating financial institutions are expected to establish a study group during summer 2026. The group would aim to complete an initial development plan in early 2027. — Wu Blockchain (@WuBlockchain) August 26, 2026 None of the three government institutions had published a formal announcement confirming the reported study group when checked Wednesday. Japan’s blockchain settlement plan targets existing delays Japanese stock…

BlockchainAug 26

Billionaire Ray Dalio Explains Why He Prefers Gold Over Bitcoin

Ray Dalio, the billionaire investor and founder of Bridgewater Associates, the world’s largest hedge fund, made noteworthy statements on the global financial system, impending economic risks, and asset allocation. Dalio stated that investors should turn to “solid money” assets like Bitcoin and gold, which cannot be printed, in the event of a potential financial collapse, while also sharing his own preferences and reservations about cryptocurrencies. Dalio, known for predicting the 2008 global financial crisis, pointed out that a serious AI-focused bubble is forming in the markets. Dalio added that the combination of high debt levels, income inequality, and geopolitical tensions…

BitcoinAug 26