Author: NBTC

A federal judge has ruled that Coinbase Global Inc. must face a narrowed shareholder lawsuit accusing the crypto exchange of hiding business risks. The lawsuit may involve action by the Securities and Exchange Commission (SEC) and potentially impact the outcome of bankruptcy proceedings. U.S. District Judge Brian Martinotti’s decision on Tuesday night in Newark, New Jersey, rejected requests from Coinbase, its executives, and directors for a complete dismissal of the case. The ruling means that while some claims were dismissed, others with specific allegations against individual defendants will proceed. Martinotti says shareholders cannot pursue a case based on a group…

Taiwanese music celebrity and high-profile digital asset investor Jeffrey Huang, also known as “Machi Big Brother,” is facing a nearly $9 million floating loss on his Hyperliquid account. Account “0x020c” associated with Huang, who is also a popular Bored Ape Yacht Club collector, is approaching a floating loss of $9 million on decentralized exchange (DEX) Hyperliquid. From a profit of approximately $44 million just 13 days ago, the celebrity is now sitting on an unrealized loss of $8.7 million on their 5x leveraged long position, which involves betting on the price appreciation of the Plasma (XPL) token, according to blockchain…

US lawmakers debated crypto tax policy at Wednesday’s Senate Committee on Finance hearing, including possible tax exemptions for crypto transactions below a certain threshold and how income from staking services should be classified. Lawrence Zlatkin, the vice president of tax at crypto exchange Coinbase, urged the Senate committee to consider a de minimis tax exemption for cryptocurrency transactions under $300 to encourage commercial use in payments and ensure innovation occurs inside the US. Zlatkin said: “The guiding principle is simple parity with traditional finance. The same tax rules should apply to the same economic activity, whether it involves commodities, stocks,…

The top Democrat on the Senate Finance Committee has accused a prominent crypto investor of refusing to cooperate with an investigation into an alleged billion-dollar tax evasion scheme running through one of the digital asset community’s most popular enclaves: Puerto Rico.  Sen. Ron Wyden (D-OR) first opened an investigation into the finances of Pantera Capital founder Dan Morehead in January, as part of a broader inquiry into how “ultra-high net worth” Americans have used Puerto Rican residency as a means to obtain lucrative tax exemptions.  Wyden had not previously publicly announced that investigation until now, however. This week, the senator…

Crypto platform Bullish (BLSH) has officially launched spot trading in the United States after securing both a BitLicense and a money transmission license from the New York State Department of Financial Services (NYDFS) last month. Trading is now live in 20 U.S. states and territories, including California, New York, and Washington, D.C. Though new to U.S. users, Bullish has operated internationally since late 2021 and has already processed over $1.5 trillion in cumulative trading volume, the exchange said. The crypto platform, which owns CoinDesk, went public on the New York Stock Exchange (NYSE) in August. The stock is currently trading…

U.S. Senator Ron Wyden, the top Democrat on the Senate Finance Committee, is continuing his inquiry into whether Dan Morehead, the founder of asset manager Pantera Capital, sought to avoid paying taxes through his move to Puerto Rico. Wyden’s probe into whether Morehead committed tax evasion began in January, and is focused on how the Pantera founder reported taxes on his share of proceeds after a large crypto sale by the firm. According to a press release, Wyden is specifically looking at whether Morehead “misrepresent[ed] his residency status” when Pantera generated over $1 billion in capital gains from crypto sales…

Singapore — Licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution (MPI), dtcpay has built its reputation on bridging traditional financial systems with onchain payments. Now, the company is deepening that mission through a strategic partnership with WalletConnect, the global standard for wallet-to-app connectivity.—The collaboration is a first for WalletConnect in Asia, making dtcpay its inaugural MPI partner in the region. With Asia among the fastest-growing markets for digital payments and stablecoin adoption, this partnership cements WalletConnect’s position as critical infrastructure for the financial internet.Making Stablecoins Work Like Everyday MoneyThrough the integration of WalletConnect’s infrastructure, dtcpay…

The European Systemic Risk Board has recommended a ban on multi-issuance stablecoins, a move that aligns with the European Central Bank’s campaign to limit their use. The core motivation is mounting concern over foreign influence and the protection of European monetary sovereignty. A Push for Sovereignty Over Stability The European Systemic Risk Board’s (ESRB) recommendation to ban multi-issuance stablecoins reflects mounting concern over foreign influence in Europe’s financial system. The proposal, which bans providers like Circle and Paxos from issuing identical tokens across jurisdictions while maintaining reserves in only one EU member state, fits with the European Central Bank’s (ECB)…

Bitfinex was established in the year 2012 and this is why it is one of the oldest existing crypto exchanges. iFinex Inc., which is located in the British Virgin Islands, owns the platform. Bitfinex has weathered numerous bear and bull markets in the last 13 years to emerge as a reliable place of business among professionals and institutions. Trading Volume Bitfinex is consistently in the top 10 exchanges based on the total trading volume in the world, with billions of dollars traded per day. As CoinGecko and CoinMarketCap statistics (2025) report, Bitfinex operates about $1B–2B of spot trading volume each…

Backed by bipartisan law and clear oversight, the GENIUS Act is fueling stablecoin innovation, safeguarding consumers, attracting investment, and reinforcing U.S. leadership in the global financial race. GENIUS Act Defended as Catalyst for Stablecoin Innovation and US Financial Leadership The debate over stablecoin regulation has intensified as U.S. banks and digital asset companies clash over the recently enacted GENIUS Act. The Blockchain Association announced on Sept. 29 that it is committed to defending the law, describing it as a landmark in financial policy that brings clarity to digital asset markets and strengthens the country’s position in global innovation. In a…