Author: NBTC

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, questioned the practical benefits of cryptocurrencies and stablecoins in cross-border transactions during a panel discussion. Kashkari described the statements made by crypto advocates on the subject as “empty rhetoric,” arguing that they have no real use case. During the panel, Kashkari illustrated the fundamental questions he posed to representatives of the cryptocurrency sector with examples. Acknowledging that traditional bank transfers are expensive and slow, Kashkari countered those who claim stablecoins solve this problem with the following scenario: “Imagine someone living in the US sending money to a relative in the…

Key senators critical to advancing the crypto market structure legislation may soon be willing to move forward on the bill, individuals familiar tell CoinDesk. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Crypto negotiators’ hopes are bubbling up over the Digital Asset Market Clarity Act, the Senate legislation that represents the top-priority policy hope for the sector. The key senators — those who’d dragged their feet over stablecoin yield — are reviewing what seems to be a final take from bankers on what their…

There’s a new debate over whether a continued pivot from Bitcoin miners to artificial intelligence could have an impact on Bitcoin security and its role as a store of value. While some argue that miners fleeing the network would leave it more susceptible to a “51% attack,” others argue it will simply trigger the Bitcoin network to rebalance itself as designed, making it enticing for miners again. “AI has killed Bitcoin forever,” said crypto trader Ran Neuner on Sunday, arguing that it has become Bitcoin mining’s biggest competitor because both industries compete for electricity. “AI is willing to pay much…

Ethereum has posted two fresh bullish signals on the daily chart, as price closed above the long-watched $2,350 pivot and the SuperTrend indicator flipped to Buy for the first time since September. Together, the moves suggest Ethereum may be leaving its multi-month downtrend behind as traders watch whether the breakout can hold. Ethereum Breaks Above $2,350 as Multi-Year Pivot Comes Back Into Focus Ethereum closed above the $2,350 zone on the daily chart, moving through a level analyst Cheds described on X as a critical pivot stretching back more than four years. The chart shows $ETH pushing above a resistance…

US trade deficit data came in heavy for December. The Commerce Department said the monthly gap hit $70.3 billion. That was $17.3 billion higher than November. Economists surveyed by Dow Jones expected $55.5 billion. The number beat that by a wide margin. For the full year, the trade deficit reached $901.5 billion. That was down just 0.2 percent from 2024, a difference of $2.1 billion. It remained one of the largest totals on record. Only 2022 was worse, when the gap hit $923.7 billion. The Trump administration had pushed to narrow the deficit, but the yearly imbalance barely changed. Trade…

Former CFTC Chairman Chris Giancarlo stated that with the new era in the US, cryptocurrencies are no longer seen as a “threat,” but rather as a cornerstone of economic growth and financial freedom. Chris Giancarlo, former chairman of the US Commodity Futures Trading Commission (CFTC) and known as “Crypto Dad” in the crypto world, made striking statements about the future of the financial system during a program he participated in. According to Giancarlo, cryptocurrencies and stablecoins are creating a new “financial architecture” that will render the analog banking system obsolete. Giancarlo stated that the Biden administration’s “hostile” stance towards crypto…

Shares of Bitdeer Technologies Group climbed 9% after the company unveiled its new SEALMINER DL1 Air, a Scrypt-based mining machine built to efficiently mine cryptocurrencies, including Litecoin and Dogecoin. The launch signals Bitdeer’s renewed push into the Scrypt mining ecosystem with hardware aimed at industrial-scale operations. Bitdeer Stock Climbs as Company Reenters Scrypt Mining Bitdeer Technologies Group saw its shares jump roughly 9% on Monday, March 16, buoyed by investor enthusiasm following the debut of its SEALMINER DL1 Air, a new mining machine designed specifically for Scrypt-based cryptocurrencies. The NASDAQ-listed company said the new miner delivers 25 GH/s of hashrate,…

Anchorage Digital, the first crypto firm to get a U.S. banking charter, wants international banks to swap out correspondent banking relationships with a new service that offers U.S.-regulated stablecoin rails for non-U.S. institutions. The bank is launching what it calls “Stablecoin Solutions” to permit easy, cross-border movement of dollar-tied assets, combining “minting and redemption, custody, fiat treasury management, and settlement” into one service, it said in a Thursday statement. “Stablecoins are becoming core financial infrastructure,” said Nathan McCauley, co-founder and CEO of Anchorage Digital, in a statement. “Stablecoin Solutions gives banks a federally regulated way to move dollars globally using…

President Donald Trump has declared he will refuse to sign any legislation until the SAVE America Act (SAVE Act) passes in its strongest form. It adds a new layer of uncertainty to an already stalled Digital Asset Market Clarity Act (CLARITY Act). The declaration, posted on Truth Social on March 8, 2026, demands that the SAVE Act, which requires proof of citizenship for voter registration, move to the front of the congressional queue immediately. SAVE Act Crowds Out Legislative Calendar The CLARITY Act (H.R. 3633) was passed by the House with bipartisan support in July 2025 by a vote of…

The Russian government is set to receive millions of rubles in tax revenue from cryptocurrency miners, though not as many as initially expected. Profits in the expanding sector have been hit by rising electricity rates and regional restrictions, a depreciated U.S. dollar and Bitcoin, while the bulk of crypto farms continue to mint under the radar. Mining businesses to pay Moscow 10 times less than projected Companies and sole proprietors engaged in cryptocurrency mining will transfer to the Russian state around 567 million rubles in taxes for 2025. The figure, equal to a little over $7 million at the current…