Author: NBTC

Global grocery giant Spar is enabling stablecoin and cryptocurrency payments in its stores across Switzerland, marking what the company says will be the first nationwide rollout of digital asset payments in the retail sector. The grocery chain is partnering with Binance Pay and Swiss fintech firm DFX.swiss to allow customers to pay with more than 100 cryptocurrencies and stablecoins, according to a Thursday announcement shared with Cointelegraph. The service is already live in 100 Spar stores and will expand to the remaining locations in coming months. A full rollout across the country’s Spar network has no confirmed timeline, a Spar…

Galaxy head of research Alex Thorn criticized the business model of many Ethereum (ETH) layer-2 (L2) blockchains as “ETH extractive.” In an Aug. 6 social media post, Thorn argued that L2 networks retain most of the fee revenue while contributing relatively little back to the Ethereum L1. Thorn added that most L2s are controlled by single companies or foundations, which means “very little value accrues to ETH holders,” and “most L2s don’t even stake back the ETH they collect in fees.” Post EIP-4844 Pointing to post-EIP-4844 dynamics, Thorn noted that aggregate L2 blob confirmation costs and L1 gas spend have…

More than $1 billion was liquidated from the crypto leveraged market today following hotter-than-expected producer cost data. Bitcoin price is likely to rebound to a new ATH after filling the CME gap at around $117.5k. Kalshi traders have made a bet on a Fed rate cut in September despite the hotter-than-expected PPI data. President Donald Trump has discredited the inflation fears caused by Thursday’s hotter-than-expected Producer Price Index (PPI). Trump told reporters on Thursday that inflation is down to a ‘perfect number’ thus rejuvenating hopes for a Fed rate cut in September. “Hardly any inflation at all. 401(k) s and…

Major developments in both the Tornado Cash and Samourai Wallet trials that took place earlier this month may set dangerous precedents for the Bitcoin and crypto industry as a whole. The two defendants who developed Samourai Wallet, a popular Bitcoin privacy app, made a plea deal accepting the charges of being an unlicensed money services business, while Roman Storm, developer of Tornado Cash, an Ethereum smart contract that also unlocked financial privacy for its users, was found guilty on one of three charges — that of being an unlicensed money services business.The irony? Both of these companies were started after…

Coinbase’s XRP reserves have been dropping for months, and new on-chain data show the decline has hit 57.4% since early June. The exchange used to hold almost a billion XRP across 52 cold wallets, but now it is down to about half that, with more big transfers this week. Right now, 10 wallets still hold about 26.8 million XRP each, and another 42 wallets hold about 16.8 million XRP. One of the latest moves saw 16.69 million XRP – worth about $54.83 million – moved from Coinbase Cold Wallet 155 to Coinbase Cold Wallet 10. It was an internal transfer.…

After rising above $3,800 in July, Ethereum price is consolidating just below a key supply zone that previously triggered steep rejections. The Ethereum price today is holding steady around $3,692, with buyers attempting to re-establish short-term dominance near a local demand zone. The key question now is whether bulls can sustain this strength and retest the $4,000 mark. Ethereum Price Forecast Table: August 8, 2025 What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) On the daily chart, ETH continues to respect its aggressive uptrend, which started from the April low near $1,800. Price remains supported above a rising…

Strategy, formerly MicroStrategy, misrepresented its business to investors when measuring itself against S&P 500 firms last month, according to Damped Spring Advisors CEO and CIO Andy Constan. It is “100% fraudulent” that the Bitcoin-buying firm compared its price-to-earnings ratio to the likes of Apple and NVIDIA on a slide during its second-quarter earnings presentation, the Wall Street veteran said during an episode of the What Bitcoin Did podcast released on Monday. The slide implied that Strategy’s earnings are recurring, when the performance was driven by a “one-off, market-to-market” increase in the value of its Bitcoin holdings, Constan argued.  “They are…

Khurram Dara, a former policy counsel at cryptocurrency exchange Coinbase, is considering a run for New York State Attorney General in 2026, aiming to replace Letitia James. In comments to Cointelegraph, Dara said he had not yet decided whether to run for the state’s law enforcement office, but hinted that digital assets could play a role in his campaign if he chooses to do so. With more than a year until the election, the Columbia Law School graduate has already posted to social media in support of Tornado Cash co-founder Roman Storm, found guilty in New York’s federal court in…

Brian Armstrong, the chief executive officer of the largest (and the only public-trading so far) cryptocurrency exchange based in the U.S., has shared an optimistic take about the future merging of crypto and conventional market assets. Crypto can make all assets more efficient: Armstrong The Coinbase CEO has shared an excerpt from a recent podcast where he was invited to be interviewed. There, Armstrong expressed an opinion which, perhaps, many average crypto holders and top executives share. Armstrong believes that sooner or later all asset classes and all capital formation will go on-chain. Armstrong is certain that this mass transition…

The cryptocurrency world is buzzing after a significant event: a presumed DFG founder ETH dump. This major move by an address linked to James Wo, founder of the crypto venture capital firm DFG, has caught the attention of many, especially given the staggering crypto whale profit involved. This transaction highlights the dynamic nature of digital asset markets and the substantial gains possible for long-term holders. Unpacking the Massive James Wo ETH Sale: What Happened? An address believed to belong to James Wo has offloaded all its Ethereum holdings, marking a substantial transaction. Over the past two days, a total of…