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 moves to block Polymarket over gambling concerns

South Korean authorities have ordered access to Polymarket to be blocked after determining that the crypto prediction market provides an illegal gambling environment to users in the country. The country’s media and communications review commission said Tuesday that Polymarket falls under information that facilitates gambling or the opening of a gambling venue under the Criminal Act, as well as prohibited analogous betting activity under the National Sports Promotion Act. The regulator said Polymarket’s winner-takes-all structure, where users can gain or lose money based on outcomes including politics, sports and weather, encourages speculative gambling behavior. It also cited Polymarket’s role in…

LegalAug 19

Justiin Sun dismisses 'made up' HTX address poisoning rumors

Justin Sun, the founder of TRON and owner of the $HTX exchange, has dismissed a wave of reports that exchange wallets had been spraying small crypto transfers at unrelated addresses. Sun said that the claims were fabricated, writing in Chinese on X on August 18, which, when translated to English, reads, “The investigation is clear: it’s all made up.” However, he did not provide supporting details to the post. Sun linked to an unspecified follow-up but did not name the accusers, describe the transfers, or explain what his team had investigated. Sun’s post comes after what is being seen as…

ExchangesAug 19

How Will the Fed’s Hawkish Messages Affect Bitcoin? Experts Point to Liquidity Pressure! Here Are the Details

Despite the US Federal Reserve keeping interest rates unchanged, its continued “hawkish” stance on monetary policy could continue to put pressure on cryptocurrency markets. Expert analyses suggest that the messages conveyed by the Fed after its July 29th interest rate decision could limit the short-term performance of risky assets, particularly Bitcoin. At its latest meeting, the Fed kept its policy interest rate unchanged, maintaining its firm stance on combating inflation. This approach indicates that the central bank is unwilling to allow inflation to rise above its target level, even at the cost of slowing economic growth. The analysis states that…

RegulationAug 19

Insider Claim in the Most Talked About Altcoin of Recent Days! “A Whale Entered with $3,000 and Exited with $2.85 Million!”

Cashcat, a memecoin that has been one of the most talked-about altcoins in recent days and has seen a sharp rise since the launch of Robinhood Chain, is now facing allegations of “insider trading.” The allegations center around an anonymous address that purchased 16.3 million $CASHCAT for 1.6 $ETH shortly after the token’s launch. According to Lookonchain, a cryptocurrency analysis platform, an address starting with “0xae0F” initially acquired 16.3 million $CASHCAT by spending 1.6 Ethereum (worth $3,000) when it was first launched. Following the massive price surge, it sold all 16.3 million $CASHCAT for 1.527 $ETH ($2.855 million), making a…

AltcoinsAug 19

CLARITY Get Push, or SEC-CFTC Go For Plan B?

The White House crypto summit tomorrow comes with two possible paths for U.S. crypto regulation. President Donald Trump could use the meeting to give the CLARITY Act a push, or ask the SEC and CFTC to move ahead with their own rules. With both agency chiefs attending, tomorrow’s summit could decide the fate of the CLARITY Act. Trump To Meet Crypto and Wall Street Leaders On August 19, President Donald Trump will meet crypto and Wall Street leaders at the White House as the CLARITY Act remains stuck in the Senate. The main goal of the meeting is to find…

LegalAug 19

Kraken co-CEO Arjun Sethi eyes European banking and asset management expansion

Kraken co-CEO Arjun Sethi is exploring an expansion of the exchange’s banking operations in Europe and is considering partnerships in asset management, according to a report by The Block. The move signals a strategic push by one of the largest cryptocurrency exchanges to diversify beyond its core trading business and deepen its foothold in traditional finance. Strategic rationale behind the move The reported exploration comes as crypto exchanges worldwide face increasing competition and regulatory scrutiny. By expanding into banking services, Kraken aims to offer a more integrated financial experience for its users, potentially including fiat on-ramps, custodial services, and payment…

ExchangesAug 19

Bitcoin price tags $65.3K August high as low US jobs numbers cool Fed rate bets

Bitcoin ($BTC) hit new August highs into Friday’s Wall Street open as markets reacted to weaker US jobs numbers. Key points: Crypto and risk assets gained after US nonfarm payrolls fell by 23,000 in July. Fed interest-rate bets for September shift from a 0.25% hike to a pause on signs of a weaker labor market. Bitcoin and altcoins stayed “resilient” after a week of bearish surprises, per analysis from QCP Capital. Crypto, stocks higher on low nonfarm payrolls print Data from TradingView showed $BTC/USD hitting $65,340 on Bitstamp, up 1.3% on the day, as fresh US labour-market data was released.…

BitcoinAug 19

Crypto Goes Mainstream in Canada, Ownership Reaches 25%

One in four Canadians now holds digital assets or crypto investment funds, according to a newly released survey by the Ontario Securities Commission (OSC). The level of adoption has increased substantially over the past two years. According to Coinbase Canada Country Director Eric Richmond, the report confirms that digital assets have entered the financial mainstream. "1 in 4 Canadians now own crypto, and trade more with Coinbase than any other platform in the country," Richmond wrote on X. "Digital assets are now mainstream in Canada, and they look for platforms they can rely on to do just that." Ownership more…

RegulationAug 19

Cardano Founder Says Crypto Will Also Survive Trump

Cardano founder Charles Hoskinson highlighted the resilience of the crypto industry, arguing that digital assets can continue to thrive regardless of which political administration controls Washington. Responding to a question from Anthony Scaramucci about whether Washington, D.C., matters for Bitcoin, Hoskinson said the crypto industry had “survived the Biden administration” and would also survive the Trump administration. The statement reflects Hoskinson’s longstanding view that the crypto market should not depend entirely on political leadership. Although governments can influence regulation, market conditions, and institutional adoption, he believes they cannot easily eliminate an industry built on decentralized technology. Hoskinson Separates Crypto’s Future…

LegalAug 19

Shifting $576M of forced sales off public order books saved Hyperliquid from a systemic crash

Hyperliquid, an on-chain perpetual futures venue, sent most of the forced selling in the worst minute of the October 2025 crypto crash to the Hyperliquid backstop rather than its public order book, according to a new research preprint. About $641 million was force-sold on Hyperliquid at 21:19 UTC on Oct. 10, the paper found. Roughly $576 million went to the Hyperliquid backstop, while about $64 million reached the order book. The split is relevant because a thinning public order book can push prices lower and force more leveraged positions to close. The Hyperliquid backstop can interrupt that feedback by absorbing…

ExchangesAug 19