Author: NBTC

Blockfills, the crypto lender backed by trading giant Susquehanna, has incurred losses of around $75 million during the recent market downturn, according to two people with knowledge of the matter. Blockfills is now looking for a buyer, one of the people said, who spoke on condition of anonymity because the matter is private. Asked about the losses, Blockfills declined to comment. Chicago-based Blockfills suspended deposits and withdrawals last week. The firm’s management said in a press release on Feb. 11 that it was working with investors and clients to achieve a swift resolution and restore liquidity to the platform. “Clients have…

The U.S. Treasury is urging Congress to consider creating a digital asset-specific “hold law” that would allow crypto platforms to temporarily freeze funds linked to suspected illegal activity. The recommendation has appeared in a Treasury report to Congress on technologies used to counter illicit finance involving digital assets, produced under the Guiding and Establishing National Innovation for U.S. Stablecoins, or GENIUS Act. “Lawful users of digital assets may leverage mixers to enable financial privacy when transacting through public blockchains,” the report reads, adding that a measure for the hold law would create a legal safe harbor allowing financial institutions to…

Under hostile Swedish tax rules, HIVE Digital is winding down Bitcoin mining and quadrupling Canadian AI data‑center capacity, swapping halving risk for contracted GPU revenue. Summary HIVE says “misuse” of tax rules in Boden has turned Swedish ASIC mining into an opaque, uneconomic business and is weighing a full exit. Through BUZZ HPC, HIVE is expanding liquid‑cooled AI facilities in Canada from 4 MW to 16.6 MW, backing roughly 4,000 high‑end GPUs. The firm is rotating from pure Bitcoin beta to selling compute as a service to AI and HPC clients on contracts, trading hashprice whiplash for steadier ARR. HIVE…

U.S. equities traded modestly lower late Thursday as rising oil prices, geopolitical tensions, and cautious Federal Reserve signals tempered momentum from the prior session’s AI-fueled advance. Stocks Ease in Late Trading as Oil Hits Six-Month High As of 3:30 p.m. EST on Feb. 19, just before Wall Street’s close, the Dow Jones Industrial Average stood at 49,349, down 314 points, or 0.63%. The S&P 500 fell 28 points, or 0.41%, to 6,853, while the Nasdaq Composite declined 107 points, or 0.47%, to 22,646. The CBOE Volatility Index rose about 4% to 20.41, reflecting increased uncertainty heading into the close. Cboe’s…

Crypto ATMs are increasingly being exploited by scammers and illicit actors, according to a new report from the U.S. Department of the Treasury submitted to Congress under the GENIUS Act. Summary The US Treasury warned that crypto ATMs are increasingly being used in scams, with reported losses reaching $246.7 million in 2024. The agency also flagged mixers, DeFi platforms and cross-chain tools as potential channels for laundering stolen crypto. At the same time, the report highlights AI, blockchain analytics and digital identity systems as emerging technologies that could strengthen anti-money-laundering compliance. Crypto ATMs emerge as key scam tool, U.S. Treasury…

Pakistan has taken a major step to regulate its fast-growing cryptocurrency market with the Virtual Assets Act 2026. The Pakistan crypto law introduces licensing requirements and strong penalties for unlicensed crypto operations. As a result, it marks a clear shift from the country’s previous informal crypto environment. With millions of Pakistanis already using digital assets, regulators aim to make trading safer and reduce risks such as fraud or money laundering. In addition, the law seeks to bring more transparency and accountability to the market. LATEST: 🇵🇰 Pakistan’s recently passed Virtual Assets Act introduces criminal penalties of up to five years…

Missouri is making history by becoming the first U.S. state to fully eliminate state taxes on Bitcoin capital gains. With the passage of House Bill 594, effective January 1, 2025, individual taxpayers can claim a 100% deduction on capital gains from digital assets such as Bitcoin. This bold move positions Missouri as a pioneer in pro-crypto policies and may inspire other states to follow suit. MISSOURI LEADS THE CRYPTO TAX REVOLUTION!In a groundbreaking move, Missouri becomes the first U.S. state to eliminate state taxes on Bitcoin capital gains with House Bill 594, offering a 100% deduction on digital assets like…

US President Donald Trump announced that he has extended the decision-making period regarding possible actions against Iran to 10-15 days. Speaking to reporters on Air Force One, Trump said, “10-15 days, roughly the maximum time.” Regarding the ongoing talks with Iran, Trump said, “We’re either going to make a deal, or it’s going to be unfortunate for them.” Earlier in the day, he had stated that he could clarify within 10 days whether a deal with Iran was possible. President Trump, speaking at the opening meeting of the Board of Peace, said, “Maybe we’ll have to take another step forward,…

TRON founder Justin Sun says his companies maintains zero tolerance against illegal activities like embezzlement, unauthorised computer access and bribery. He threatened legal action against those who spread false rumors online and ‘smear judicial organs’ just days after two of his companies settled with the SEC. The TRON Foundation and related entities maintain a ‘zero tolerance’ policy on illegal activities, and legal action will be taken against any person that says otherwise, founder Justin Sun has warned. Sun’s warning comes just days after the US Securities and Exchange Commission filed a settlement at a New York court with the TRON…

One year has passed since Argentine President Javier Milei backed a project that drove hundreds of thousands of people worldwide to invest in Libra, a meme coin that turned out to be a rug pull. Alfonso Gamboa Silvestre, a 25-year-old from Chile, was among the many traders who suffered steep losses. The token’s launch and swift demise cost him $10,000. Since that moment, he has left the crypto industry for good. A Presidential Endorsement That Drove a Buying Frenzy On Valentine’s Day last year, Gamboa Silvestre was trading on his computer. The day seemed normal until a notification popped up…