Author: NBTC
A Texas court has dismissed a lawsuit filed by crypto developer Michael Lewellen, seeking a declaratory judgment that his software, Pharos, which facilitates donations to charitable crowdfunding campaigns, won’t be prosecuted for violating money-transmission laws. Chief US District Judge Reed O’Connor dismissed the case on Wednesday, finding that Lewellen had failed to demonstrate a credible threat of imminent prosecution. “Disappointed to see the court dismiss my suit today,” said Lewellen on X on Wednesday. In its dismissal, the court also cited a Department of Justice memo stating that it will no longer target virtual currency exchanges, mixing and tumbling services…
Americans are carrying more credit card debt than ever. Balances hit $1.28 trillion by the end of last year’s fourth quarter, a $44 billion jump in three months, according to data the Federal Reserve Bank of New York released Tuesday. The year-over-year number looks worse. Balances climbed 5.5% compared to the same period in 2024. Holiday shopping always pushes credit card use higher, but New York Fed researchers say there’s more going on. Despite problems in the job market, people kept spending through the final months of 2025. The catch? Most spending came from wealthier households, not regular families. “You…
Swan Bitcoin filed an ex parte application in the Southern District of New York seeking court authorization to subpoena Cantor Fitzgerald and its former CEO, Commerce Secretary Howard Lutnick. The discovery request, filed under 28 U.S.C. § 1782, would support foreign proceedings against Tether-appointed directors of 2040 Energy, Swan’s joint mining venture with Tether. Those directors include Tether Chairman Giancarlo Devasini and Bitfinex CEO JL van der Velde. What Led to the Subpoena Swan and Tether established 2040 Energy as a joint venture for mining Bitcoin (BTC). Tether provided funding while Swan handled operations. However, in mid-2024, the partnership unraveled…
US lawmakers have introduced a bill aiming to ban members of the US Congress, the president and other high-ranking government officials from wagering on prediction markets. The proposed bill, a bipartisan effort from US Representative Adrian Smith and Representative Nikki Budzinski, was introduced on Tuesday and is called the Preventing Real-time Exploitation and Deceptive Insider Congressional Trading Act (PREDICT Act). “In recent months, we’ve seen instances of little-known traders making massive profits on events ranging from war with Iran to how long a government shutdown will last, raising necessary questions about the use of inside information,” Budzinski said. The move…
Stablecoin balances in South Korea have fallen sharply since July even as stock inflows rise, underscoring a shift in where money is flowing. The total amount of these so-called tokenized versions of fiat currencies held in wallets tied to South Korea’s five largest crypto exchanges have plunged 55%, with on-chain data pointing to a sharp wave of outflows triggered by the won’s break past 1,500 per dollar in mid-March. Data from Allium Labs, tracking Ethereum and Tron wallets across Upbit, Bithumb, Coinone, Korbit, and GOPAX, shows that combined stablecoin holdings dropped from $575 million in July 2025 to roughly $188…
On-chain data shows the market for tokenized commodities surpassed $6 billion this week, driven by a surge in demand for gold-backed tokens. At the time of publication, the market cap of tokenized commodities is $6.126 billion. The market cap of all tokenized assets as of February 9 is $328.156 billion. It means that the market cap of tokenized commodities accounts for roughly 1.87% of all tokenized assets. Tether and Paxos account for most tokenized commodities BREAKING: The market cap of tokenized commodities surpassed $6 billion. Leading issuers: @tether & @Paxos pic.twitter.com/3BVjGCMbAP — Token Terminal 📊 (@tokenterminal) February 11, 2026 The…
Economist Peter Schiff, known for his critical views on cryptocurrency markets, made noteworthy assessments regarding the power balance between the financial sector and the crypto industry in the US. According to Schiff, the lobbying power of the traditional banking sector is still more influential than that of the crypto sector. Schiff argued that this effect could be particularly decisive in stablecoin regulation, suggesting that in the US, stablecoin issuers could be legally prevented from paying interest to their users. Schiff stated that under such an arrangement, issuers would retain the interest income earned, but the ability to pay interest would…
South Korea’s leading cryptocurrency exchanges, Upbit and Bithumb, announced that they have added the Resolv (RESOLV) token to their delisting watchlist. The announcement indicates increasing uncertainty regarding the future of the asset on the exchanges. According to information shared by exchanges, placing a cryptocurrency on a watchlist means re-evaluating criteria such as project development, liquidity, transparency, technical infrastructure, and investor protection. It was stated that a detailed review of the RESOLV token will be conducted during this process, and a final decision will be made based on the results. Experts emphasize that being placed on a watchlist does not directly…
Dormant Ethereum OG moves 15,002 $ETH to Coinbase, raising sell-off fears amid weak market sentiment. Early investor accumulated 172,700 $ETH in 2016, turning $2.2 million into $356 million holdings today. Top Analyst says that rising triangle pattern suggests $ETH may retest $1,800 before possible breakout toward $4,900 resistance. An early Ethereum investor has moved 15,002 $ETH worth about $31 million to Coinbase after years of inactivity. The transfer comes as Ethereum trades near $2,000, down 3.5% in 24 hours, sparking concerns that a long-term holder may be preparing to take profits. Meanwhile, well-known chart analyst Ali Chart predicts the Ethereum…
South Korea is among the beneficiaries of the growing demand for semiconductors as AI continues to take shape globally. The country has set new records, with exports surging by more than 40% in early February. South Korea’s exports soared to new heights in early February following the unprecedented surge in semiconductor demand worldwide. Data from the Korea Customs Service shows that the Asian country’s exports surged by 44.4% year-over-year in early February (the first 10 days of the month) to reach $21.4 billion. These figures represent the highest performance ever recorded in that period. During this period, the number of…