Author: NBTC

With the chairmanship still an open question for the Commodity Futures Trading Commission — likely to be a leading U.S. watchdog for crypto — its interim leader, Caroline Pham, is getting started on recommendations from the recent crypto report of the President’s Working Group. The CFTC, which regulates U.S. derivatives trading and would assume oversight of the bulk of U.S. crypto trading under Congress’ market structure legislation, was at the center of key recommendations in the Trump administration report. So Pham, who President Donald Trump named acting chairman earlier this year, directed the agency to start taking industry input on…

The NFT market has experienced a sharp correction with sales volume dropping by 25.78% to $134 million. This reversal follows the previous week’s recovery. Summary NFT sales fall 25% to $134M, but buyers and sellers both rise over 25% Polygon and BNB post strong gains while Ethereum sales drop 41% Courtyard leads collections with $14.7M sales, CryptoPunks plunge 59% As per CryptoSlam data, despite the sales decline, market participation has continued to expand. NFT buyers have grown by 25.74% to 450,096, and NFT sellers have risen by 25.91% to 321,107. NFT transactions have increased by 6.26% to 1,652,284. The market…

South Korean blockchain game developer Wemade is now facing a significant legal obligation. A recent court ruling mandates the company to pay a substantial sum for WEMIX compensation to its former and current employees. This development sends a clear message across the crypto industry regarding employee agreements and digital asset promises. What’s Behind the WEMIX Compensation Ruling? The Seoul Central District Court delivered a partial victory to a group of plaintiffs on August 22. This civil lawsuit targeted Wemade, ordering the company to pay a total of 9.9 billion won, which translates to approximately $7.1 million USD. This ruling stems…

While the UK government has expressed a desire to be a global hub for digital assets, reality tells a different story. The British crypto community is sounding the alarm, arguing that the country is falling behind in the global Bitcoin race. Experts from crypto organizations across the UK told BeInCrypto that the country’s cautious approach stifles innovation and drives businesses offshore. This continued environment will evaporate any competitive advantage the UK used to have in financial innovation. A Lagging Financial Hub The common consensus among the crypto community across the United Kingdom is that the legislative inertia in fostering a…

India’s Parliamentary Standing Committee on Home Affairs has recommended that cryptocurrencies be regulated under a clear legal framework rather than being outlawed. This recommendation comes even as the committee’s own report detailed the alarming role of digital currencies in fraud, money laundering, and organized crime. The panel’s 254th report, which focuses on cybercrime, suggests that crypto should be formally recognized as “digital assets” under the Foreign Exchange Management Act (FEMA). This move would subject the entire industry to strict government oversight, including anti-money laundering (AML) and know-your-customer (KYC) norms. 🚨 BREAKING: 🇮🇳 Indian Parliament’s Home Affairs Committee calls for crypto…

A group of Russian lawmakers has called on their central bank to facilitate the establishment of legal crypto trading platforms in the country. The move is challenging the monetary authority’s longstanding position against providing ordinary Russians free access to cryptocurrencies. State Duma deputies suggest legalizing crypto exchange in Russia Several members of the State Duma, the lower house of parliament, appealed to the Central Bank of Russia (CBR) to permit the launch of licensed offices for cryptocurrency exchange. Anton Tkachev, Yaroslav Samylin, and Georgy Arapov, representatives of the liberal “New People” party, have addressed their proposal to the head of…

The head of the U.S. Internal Revenue Service’s digital assets unit, Trish Turner, is leaving her post for the private sector just as new tax policies are set to potentially bring in a wave of crypto work for the agency. As she departs, it’s unclear who will be running the office that’s been leading the tax agency’s crypto work as a major shift in U.S. digital assets taxation is on the horizon. Turner’s exit comes after the IRS set several new rules and forms in motion to direct taxation requirements for individual crypto investors and their brokers. And the departure…

Ripple CEO Brad Garlinghouse has commented on how rapidly attitudes toward crypto have changed over the past year, describing such a drastic shift as “a new dawn.” Garlinghouse claims that discussions at this year’s SALT 2025 investment conference feel very dramatically different, with regulators and policymakers being more open to the nascent asset class. While many attendees at SALT have been in crypto for a long time, the change in tone (on-stage, 1-1 convos) from even a year ago is dramatic and very palpable. I don’t think many of us had “multiple Fed governors publicly embracing crypto technology” on our…

An Illinois judge has granted a motion to stay proceedings in a lawsuit against cryptocurrency exchange Coinbase pending a ruling in the appellate court. In a Thursday filing in the US District Court for the Northern District of Illinois Eastern Division, Judge Sharon Johnson Coleman granted a motion filed by Coinbase to stay a lawsuit involving alleged violations of the state’s Biometric Information Privacy Act. The motion requested waiting for a ruling from the US Court of Appeals for the Seventh Circuit, which is considering a case involving Nuance Communications supplying voice identification technology to Charles Schwab — a decision…

The SEC’s nationwide crypto roadshow is igniting unprecedented regulatory engagement, spotlighting grassroots innovators and signaling a potential shift toward inclusive, collaborative policymaking for digital assets. SEC’s Crypto Task Force Roadshow Kicks off, Targeting Grassroots Innovation The U.S. Securities and Exchange Commission (SEC) shared on social media platform X on Aug. 22 that its Crypto Task Force has already begun a nationwide series of events which it called “Crypto Task Force: On the Road.” The SEC explained: The SEC’s Crypto Task Force is hitting the road and hosting a series of roundtables across the country to provide opportunities for additional stakeholders…