Author: NBTC

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. If you’ve been worried about what the GENIUS Act can inadvertently do to DeFi lending, don’t. Stablecoins are the quiet workhorses of crypto. They’re not flashy, they don’t swing 30% in a day, and they rarely make headlines — unless something goes wrong. But behind the scenes, they power nearly every major function in decentralized finance. Summary Stablecoins are the backbone of crypto, whether borrowing, trading, or providing liquidity, stablecoins enable nearly every major use case, quietly…

In the unpredictable world of cryptocurrency, fortunes can be made and lost in the blink of an eye. For seasoned Hyperliquid trader James Wynn, the recent market movements have led to another significant blow, specifically concerning his PEPE trading losses. This latest setback adds a staggering $1 million to his already substantial record of losses, underscoring the extreme volatility inherent in meme coins and high-leverage trading. Who is James Wynn, and What Are These PEPE Trading Losses? James Wynn is a prominent name within the Hyperliquid trading community, known for engaging in high-stakes cryptocurrency positions. His trading activities often draw…

India’s Income Tax Department has sent notices to 44,057 cryptocurrency traders who it believes failed to report their transactions for the 2025 financial year. In a massive outreach, authorities have warned traders to update their tax filings to avoid further scrutiny, penalties, or even prosecution. High-Tech Push for Crypto Tax Compliance As the government intensifies the scrutiny on crypto transactions using modern technology, including artificial intelligence (AI) and data analytics tools, it has become more difficult for Indian traders to evade. In a recent parliamentary reply, the tax department revealed that the government has collected ₹269.09 crore (approx. $32.2 million)…

Coinbase will start levying a 0.1% fee for conversions of the stablecoin USDC to US dollars for net conversions above $5 million within 30 days, as the crypto exchange has recently struggled with its earnings. Starting Aug. 13, Coinbase will charge the fee on USDC (USDC) to US dollar conversions exceeding a net of $5 million on a 30-day rolling period — with the net calculated by deducting USDC purchases from USDC sales, according to a notice shared online. It comes after Coinbase’s second-quarter results, shared last week, missed on revenue and earnings, sending its shares tumbling. However, its stablecoin-related…

In the fast-paced world of cryptocurrency, where fortunes can be made and lost in the blink of an eye, even the most prominent figures are not immune to market fluctuations. Recently, attention has turned to Jeffrey Huang, a Taiwanese singer and influential figure in the NFT space, better known as Machi Big Brother. Reports indicate that Jeffrey Huang crypto positions are facing a significant challenge, highlighting the inherent volatility of digital assets. Who is Jeffrey Huang and Why Does His Crypto Matter? Jeffrey Huang, or Machi Big Brother, is not just a musician; he’s a well-known crypto whale, particularly famous…

Russian authorities are unblocking BestChange’s website, a popular cryptocurrency exchange data provider in the Russian-speaking segment of the market. The decision, made by the Bank of Russia, comes a few months after regulators restricted access to the platform and forced BestChange to remove some features for Russian residents. Bank of Russia unblocks BestChange domains Online crypto exchange aggregator BestChange.ru will once again be available to Russian users, the site’s administrators announced, referring to a letter from the Central Bank of Russia (CBR), quoted by the business news outlet RBC. The move was recently initiated by the monetary authority’s Information Security…

A £9 billion ($12 billion) legal claim against Binance, Kraken, and a number of other major crypto exchanges has reached the UK Supreme Court in the form of a request for permission to appeal. The appeal has been filed by BSV Claims Limited on behalf of Bitcoin Satoshi Vision (BSV) holders who allege that exchanges, including Binance, Kraken, Bittylicious, and ShapeShift colluded to delist the token in 2019. The claimants previously took their case to the Competition Appeal Tribunal in 2024, where they argued that, not only were they owed for BSV’s deprecating price, but that they also suffered a…

KuCoin TR underlines its commitment to providing smooth services for customers in Turkey by aligning itself with the transitional framework adopted by SPK. Since the debut of its localized platform in 2024, KuCoin TR has swiftly expanded to serve the thriving cryptocurrency community in Turkey. As Turkey continues to legalize its dynamic cryptocurrency ecosystem, this milestone puts KuCoin TR on the list of functioning organizations maintained by the SPK. KuCoin, a prominent cryptocurrency exchange operating on a global scale, is delighted to announce that itsTürkiye collaborative partner, KuCoin TR Kripto Varlık Alım Satım Platformu AŞ (also known as “KuCoin TR”),…

In a surprising and significant move, Nasdaq-listed electronics manufacturer Cemtrex (CETX) has boldly announced a $10 million strategic corporate crypto investment plan. This announcement sends ripples through both the traditional finance and digital asset sectors, signaling a growing trend of established companies embracing the cryptocurrency space, often seen as volatile and cutting-edge. What Exactly is Cemtrex’s Bold Move in Corporate Crypto Investment? Cemtrex, a company with a long-standing presence in industrial and electronics solutions, has made a decisive step into the digital asset arena with a substantial commitment. This initial foray into cryptocurrencies involved a notable purchase of Solana (SOL),…

Kraken has added PayPal as a funding option for U.S. users, enabling instant USD deposits with no bank details needed. The feature has seen over $1M in volume during an unpromoted soft launch. Summary U.S. customers can now fund Kraken accounts instantly via PayPal, using balances, linked bank accounts, or cards. The feature saw strong early demand, processing over $1M in deposits during its soft launch without promotion. Kraken is also among the exchanges now integrated into PayPal’s new “Pay with Crypto” system. Kraken has launched PayPal as a new funding method for its U.S. customers, allowing instant USD deposits…