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.

NeoFS S3 Gateway v0.45.1 optimizes read, write performance via SDK RC21

BlockchainAug 11

Neo SPCC released NeoFS S3 Gateway v0.45.1 on Aug. 4, a patch update delivering three performance optimizations and a metadata fix to the S3-compatible interface for NeoFS decentralized storage. Two of the three improvements are enabled by NeoFS SDK Go RC21, which shipped days earlier alongside NeoFS Node v0.55.0. The release builds on S3 Gateway v0.45.0, the major July release that introduced namespace configuration, simplified EACL rules, and removed legacy access box support. As a patch, v0.45.1 requires no migration for existing v0.45.0 users. Write buffering, ranged GET optimizations The first optimization adopts the io.ReaderFrom interface for the object payload…

Nakamoto Sells 600 Bitcoin to Repay Debt, Corporate Holdings Drop to 4,467 BTC

BitcoinAug 11

Nasdaq-listed company Nakamoto (ticker: NAKA) has sold 600 Bitcoin and related derivatives to repay outstanding debt, the firm announced in a press release. The transaction reduces the company’s total Bitcoin holdings to 4,467 $BTC, marking a notable shift in its corporate treasury strategy. Debt Reduction Through Bitcoin Liquidation Nakamoto, which has been strategically accumulating Bitcoin over the past several quarters, opted to liquidate a portion of its holdings to address debt obligations. The company did not specify the exact amount of debt repaid or the terms of the derivatives involved. However, the move signals a pragmatic approach to balance sheet…

FATF’s New DeFi Test Puts ‘Real Control’ Under Regulatory Spotlight

DeFiAug 11

The Financial Action Task Force (FATF) has introduced a new test that could bring some DeFi protocols under global anti-money laundering and counter-terrorism financing rules. The approach looks beyond whether a protocol describes itself as decentralized. Instead, regulators can assess who has control or sufficient influence over how a project operates, potentially bringing some DeFi platforms under requirements that apply to virtual asset service providers. The FATF calls the framework the “control or sufficient influence” test. Regulators can examine governance structures, smart-contract upgrades, treasury assets, fees and administrative permissions. They can also analyze blockchain activity to identify wallets or entities…

MiCA pushes USDT out, leaves USDC in the spotlight

RegulationAug 11

Circle says $USDC is the only one of the world’s ten largest stablecoins that currently complies with the European Union’s Markets in Crypto-Assets (MiCA) regulation. If accurate, the claim means the EU’s roughly 450 million residents no longer have regulated access to most major dollar-backed stablecoins, including Tether’s $USDT. The declaration comes as Europe fully implements its landmark crypto legislation, which is changing the landscape of which stablecoins are available for trading in the region and prompting discussions on whether MiCA has indeed gotten the balance between innovation and financial stability right. Only two Circle tokens made the compliant list…

Solana Memecoin Tied to Raccoon Jimothy Surges 60% After White House Social Media Mention

AltcoinsAug 11

A Solana-based memecoin linked to a Seattle raccoon named Jimothy surged roughly 60% in 24 hours after the official White House account posted about the animal on social media. According to on-chain analytics platform GMGN, the token’s market capitalization climbed above $40 million, with trading volume reaching $44 million during the same period. Background on Jimothy and the Memecoin Jimothy, a raccoon living in Seattle, gained widespread attention after a video posted by a local resident on July 14 amassed approximately 8 million views. The raccoon has visible physical abnormalities caused by a rare congenital disorder, which contributed to the…

Thailand Exempts Crypto Trading Profits from Capital Gains Tax Until 2029

LegalAug 11

Thailand’s Finance Ministry has announced a five-year exemption on capital gains tax for cryptocurrency trading, effective from January 1, 2025, through December 31, 2029. The measure applies exclusively to transactions conducted through exchanges, brokers, and dealers licensed by the Securities and Exchange Commission (SEC). Scope of the Tax Break The exemption covers capital gains realized from trading digital assets on regulated platforms. However, other forms of crypto-related income, including mining rewards and staking yields, remain subject to taxation under existing Thai tax laws. This distinction is critical for investors and businesses operating in the country’s digital asset space. The policy…

South Korea’s FTC Moves to Sanction Bithumb Over ‘Lowest Fee’ Ads

ExchangesAug 11

South Korea’s Fair Trade Commission (FTC) is advancing sanction procedures against Bithumb, one of the country’s largest cryptocurrency exchanges, over suspected violations of the labeling and advertising law. The regulatory body concluded that Bithumb’s promotional claims of offering the ‘lowest fees in Korea’ may have misled consumers, as the advertised rate was not universally applicable. Background of the Allegations The issue centers on Bithumb’s prominent promotion of a ‘0.04% lowest fee in Korea.’ However, this rate was only available to users who registered a separate fee coupon. According to a report by News1, the FTC determined that this practice could…

Riot Platforms surges 20% in pre-market trading on $9.1 billion Anthropic deal

MiningAug 11

Riot Platforms (RIOT) surged more than 20% before the start of U.S. equity trading on Tuesday after the bitcoin $BTC$64,196.96 miner said it signed a $9.1 billion deal with “a leading frontier AI lab,” accelerating its transformation into a provider of infrastructure for the artificial intelligence industry. The 20-agreement with the company, identified as Anthropic by Bloomberg, covers 191 megawatts of computing capacity at Riot’s Rockdale, Texas, campus. Once focused almost entirely on bitcoin mining, Riot exemplifies an industry-wide pivot toward AI infrastructure, with long-term leases providing steadier revenue than the volatile flows from approving blocks on Bitcoin. Miners control…

How Does Chain Fusion Let Internet Computer Connect With Bitcoin?

BlockchainAug 11

Chain Fusion is the set of protocols that let smart contracts on the Internet Computer ($ICP) read, hold, and sign transactions on Bitcoin and other blockchains directly, without routing funds through a bridge or a wrapped token. Instead of trusting a third-party custodian to lock up Bitcoin and mint a copy somewhere else, $ICP nodes run their own Bitcoin adapter and use threshold cryptography to control real $BTC addresses. Per reports, bridges have been the single biggest source of losses in crypto history. How Does Chain Fusion Actually Work? Chain Fusion rests on two building blocks: connecting directly to a…

Bitcoin Power Law Points to $400,000 Long Term

BitcoinAug 11

At the time of publication, Bitcoin is trading at $62,557, below its power law fair value of $134,761 and beneath the lower band of $67,380. According to analyst Mark Harvey, Bitcoin has rarely deviated this far from the power law model. Each time it reached this level of undervaluation relative to the model, a significant recovery followed. The upper band currently sits at $404,283, suggesting that a rally toward the top of the power law range would place Bitcoin above $400,000. The Long-Term Case The analyst shared the power law chart with a straightforward observation. Bitcoin is up only from…