Author: NBTC

Brian Quintenz was nominated by President Donald Trump to chair the Commodity Futures Trading Commission (CFTC). However, he is facing significant challenges to his confirmation, with his nomination currently stalled due to growing opposition and procedural delays. Brian Quintenz once served on the CFTC as commissioner and is an executive at the crypto arm of venture capital giant Andreessen Horowitz. Why Brian Quintenz may no longer be fit to run the CFTC Up until very recently, Quintenz was widely seen as the candidate to lead the agency as it prepares to take on a larger role in digital asset regulation.…

Fintech giant Stripe is developing a new blockchain project called “Tempo” in partnership with crypto venture capital firm Paradigm. The information surfaced in a job posting on a Blockchain Association website dated August 3. The posting described Tempo as a “high-performance, payments-focused blockchain.” According to the announcement, the project is still in the stealth phase, has a five-person team, and is designed as Layer 1. The blockchain, which is compatible with Ethereum’s coding language, is not built on top of any other protocol. Matt Huang, co-founder and managing partner of Paradigm, who was involved in Tempo’s development, also serves on…

A colossal movement in the crypto world recently caught the attention of market observers: a significant Cumberland ETH transfer totaling approximately $52 million. This substantial transaction, involving 13,314 ETH, was directed to Coinbase Institutional, sparking widespread discussion about its implications for the broader cryptocurrency landscape. Such large-scale transfers by institutional players like Cumberland often signal more than just a change of custody. Instead, they typically point towards active trading strategies or strategic rebalancing of portfolios. Let us delve deeper into what this monumental move might mean for the market. What Does This Cumberland ETH Transfer Signify? On-chain data, specifically from…

The U.S. Securities and Exchange Commission (SEC) has issued a waiver that removes Ripple’s “bad actor” disqualification. This makes private fundraising substantially easier for Ripple. Regulation D, explained Under Rule 506(d) of the Securities Act, a company gets labeled as a “bad actor” and gets disqualified from the Rule 506 exemptions if it is subject to violations of the securities laws. The label automatically disqualifies companies from using Rule 506 exemptions under Regulation D, which makes it possible for companies to secure unlimited funds from accredited investors without a cumbersome and time-consuming SEC registration process. Startups, including cryptocurrency companies, tend…

Russian citizens are now able to purchase the rubble-pegged stablecoin A7A5 using the payment cards of a bank placed under Western sanctions. The crypto is believed to be used to move Russian funds globally, in circumvention of financial restrictions imposed over Moscow’s invasion of Ukraine, and to launder money. Its alleged links to a fugitive Moldovan oligarch and the Kyrgyzstan-registered Grinex, alleged successor of Russian crypto exchange Garantex, have also raised concerns. A7A5 stablecoin available to Russian card holders Ruble-backed A7A5 coins can now be acquired using bank cards, Russian crypto media unveiled, quoting an announcement by the project’s team…

The world of cryptocurrency mining is constantly evolving, and a recent announcement from Bitfarms highlights just how dynamic it can be. This Nasdaq-listed Bitcoin mining company has made headlines with its significant Bitfarms BTC sales during the second quarter, demonstrating a strategic approach to managing its digital assets and boosting its financial standing. Bitfarms, a prominent player in the digital asset space, successfully sold 1,052 BTC in Q2. These strategic sales occurred at an impressive average price of $95,500 per Bitcoin. This move generated a substantial $100 million in revenue for the company, underscoring the effectiveness of their Bitcoin miner…

Ether saw the largest short position wipeout of the day across all crypto assets on Friday as its price surpassed $4,000, with some analysts saying it could be setting the stage for a short squeeze. The rally led to Eric Trump, son of US President Donald Trump, taking a jab at bearish traders. $4.1K is now key for the “short squeeze,” says trader “It puts a smile on my face to see ETH shorts get smoked today. Stop betting against BTC and ETH – you will be run over,” Trump said in an X post on Friday. On Friday, approximately…

Exciting developments are on the horizon for the digital asset landscape in Eastern Europe! Ukraine is taking a significant step forward, with its parliament poised to review a pivotal Ukraine crypto bill in late August. This legislative move could redefine how cryptocurrencies are treated within the nation, signaling a clear path towards greater integration and regulation for digital assets. What’s on the Table for the Ukraine Crypto Bill? The upcoming parliamentary session will focus on a comprehensive framework for cryptocurrency regulation. This isn’t just a minor tweak; it’s a foundational proposal designed to bring clarity and legal standing to digital…

South Korea-based cryptocurrency exchange Upbit announced that it will list its Cyber (CYBER) token on Korean Won (KRW) and Tether (USDT) pairs on August 12, 2025. Upbit to List Cyber (CYBER) Token on KRW and USDT Markets Trading support for CYBER, which will be traded on the Ethereum network, will begin at 11:00 CET. The exchange emphasized that investors should always verify network information before trading. The announcement noted that deposits made outside the Ethereum network will not be supported and that transfers made from the wrong network may take longer to be refunded. CYBER’s official contract address on Upbit…

Russian authorities have identified more than 8,000 miners minting cryptocurrencies outside the law in the Siberian crypto mining hotspot of Irkutsk. The region banned the activity in parts of its territory to deal with growing energy deficits and grid breakdowns blamed on the boom of both legal and illegal mining. Russia counts thousands of underground crypto farms in Irkutsk Officials in Russia’s Irkutsk Oblast have pinpointed several thousand locations with suspected illegal crypto mining facilities, but the actual figure likely exceeds the current estimate, the local power utility, Irkutskenergosbyt, told RIA Novosti and detailed: “There are more than 8,000 illegal…