Author: NBTC

The Trump administration is considering at least 11 candidates to potentially replace Jerome Powell when his term as Federal Reserve Chair expires in May — at least three of them have publicly shown a positive stance toward crypto. Treasury Secretary Scott Bessent told Fox News on Wednesday that there are 11 “very strong candidates” for Fed chair, which he’ll begin to vet and shortlist starting next month. The list of candidates, as CNBC reported on Aug. 13, citing two administration officials, includes Dallas Fed president Lorie Logan, former St. Louis Fed president James Bullard, Fed vice chair Philip Jefferson, Fed…

Mastercard and Circle partnered to enable stablecoin settlements for merchants across Europe, the Middle East, and Africa. Summary Mastercard and Circle will enable settlement across the EEMEA region USDC and EURC settlements happen instantly, with lower fees Credit card giant Mastercard is deepening its involvement in stablecoins. On Tuesday, August 26, Mastercard and Circle partnered to enable USDC and EURC settlement for acquirers across Eastern Europe, the Middle East, and Africa. “This is a key move for Mastercard. Our strategic goal is to integrate stablecoins into the financial mainstream by investing in the infrastructure, governance, and partnerships to support this…

Bitcoin’s hashrate just blasted past the 976 exahash per second (EH/s) record it hit on Aug. 8, 2025, according to the latest metrics. As of now, the network’s computational firepower is hovering between a fierce 979 and 986 EH/s. While the upward trend has remained steady, current metrics suggest the hashrate may still have plenty of room to climb from this point forward. Record Hashrate Puts Spotlight on Bitcoin’s Next ASIC Supermachines The top cryptocurrency by market capitalization has pushed its network hashrate to a brand-new all-time high. As of press time, the hashrate hovers between 979 and 986 EH/s,…

Lygos Finance unveiled what it calls the first truly non-custodial bitcoin BTC$112,917.71-backed lending platform, aiming to transform the crypto credit market with institutional-grade design. The platform is built on Discrete Log Contracts (DLCs) developed by Atomic Finance, which Lygos acquired earlier this year. DLCs enforce bilateral lending agreements directly on Bitcoin’s base layer, with an external oracle attesting to facts like BTC-USD prices, but not controlling the funds. Borrowers and lenders sign Contract Execution Transactions, meaning settlement happens entirely on the Bitcoin blockchain without custodians or smart-contract risk. “True non-custodial means exactly this,” CEO Jay Patel said in an emailed…

The cryptocurrency world is always buzzing with activity, especially when large movements of digital assets occur. Recently, a significant event involving a wallet linked to Longling Capital ETH caught the attention of market observers. This wallet made a substantial deposit of Ethereum (ETH) onto the Binance exchange, prompting questions about its potential impact on the broader crypto market. Understanding the Significant Longling Capital ETH Movement Onchain Lens, a prominent analytics platform known for tracking blockchain transactions, recently reported a notable transfer. A wallet identified as being linked to Longling Capital initiated a substantial deposit of 5,000 ETH, valued at approximately…

Ripple’s investor and termed XRP lawyer, John E. Deaton, has announced a major win for the Linqto customers, which came out of a Texas bankruptcy court today. According to Deaton, the proposed $60 million debtor-in-possession loan has been cancelled. After filing for Chapter 11 bankruptcy in the US last month, Linqto devised a plan to use customer-owned shares as collateral for a $60 million loan. This brought an uproar to the customers already affected by the company’s bankruptcy. However, Deaton filed a formal request to the court asking the judge to impose a constructive trust to protect customers’ assets. REGARDING…

The Solana Policy Institute, a leading crypto lobbying group, announced Thursday it will donate $500,000 to aid the legal defenses of Roman Storm and Alexey Pertsev—developers of Ethereum coin mixing service Tornado Cash that were convicted of crimes in the United States and the Netherlands, respectively.  Storm was convicted earlier this month in Manhattan for the crime of operating an illegal money transmitting business, and now faces up to five years in federal prison. Pertsev was sentenced to over five years in prison last year, after a Dutch court found him guilty of money laundering. The legal woes of both…

The cryptocurrency world is buzzing with news from Cango, the prominent Chinese auto trading service platform. This week, Cango unveiled an impressive milestone in its Cango BTC mining operations, successfully mining a total of 153.2 Bitcoin. This significant haul underscores the company’s growing presence and strategic commitment to the digital asset space. What Drives Cango’s Remarkable BTC Mining Success? Cango’s journey into large-scale Bitcoin mining began with a substantial investment. The company previously acquired a staggering $256 million worth of BTC miners from industry giant Bitmain. This strategic move signaled a clear intent to diversify its business model and tap…

A new decentralized Bitcoin derivative by Lombard Finance will offers 1% APY while maintaining full BTC backing across bridge to Solana. Summary Lombard Finance will offer the yield bearing asset alongside Base, Sui and Ethereum offerings. Yield bearing on Solana in Bitcoin is the latest offering to bring the protocol’s $1.5 billion in capital to the layer 1. On Aug. 28, Lombard Finance officially launched LBTC, its yield-bearing Bitcoin token, on Solana (SOL), bringing the protocol’s $1.5 billion in circulating capital to a Bitcoin fusion with rival layer-1 Solana. How Lombard Finance’s yield-bearing Bitcoin will transform Solana deFi The SPL…

Pudgy Penguins’ native token slipped on Friday despite the project’s new title ranking among Apple’s top downloads. The PENGU (PENGU) token fell by nearly 4% on Friday, following the launch of Pudgy Party, a battle royale game released on Android and iOS, regardless the game recording over 50,000 downloads on the Google Play store and landing in the top 10 most downloaded games on Apple’s App Store. Pudgy Penguins is a popular non-fungible token (NFT) project in the crypto space. The project supplements its onchain digital presence with trading cards, plushy penguin-themed toys, video games and other physical merchandise.According to…