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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Legal

Coinbase fends off Nevada’s emergency bid to halt prediction markets

By NBTC

A Nevada state court denied regulators’ request for an emergency temporary restraining order (TRO) to immediately halt Coinbase’s new prediction market offering. Instead, the court set a hearing for next week so the exchange can respond, according to Coinbase chief legal officer Paul Grewal. The Nevada Gaming Control Board (NGCB) filed a civil enforcement action in Carson City on Monday, accusing Coinbase of offering unlicensed wagers on sports event contracts and asking for a TRO and preliminary injunction to block the products for Nevada residents. Coinbase fights case in state and federal court ​In a Tuesday filing, Coinbase argued that…

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Ethereum

Tom Lee's Bitmine may be buying ETH, but Vitalik Buterin and everyone else appears to be selling

By NBTC

Ether $ETH$2,113.11 has been catching flak from all angles of late, plunging below $2,000, with sell pressure emanating from every angle of the market, including Ethereum founder Vitalik Buterin and derivatives traders alike. The second-largest cryptocurrency is currently trading around $1,950, down 60% since August and 42% since Jan. 14. Its plight can in part be attributed to what analysts are calling the latest crypto bear market, but $ETH itself has underperformed other large caps like BTC, XRP and ADA, which are down closer to 35% since mid-January. The divergence from its peers was helped along by a wave of…

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Regulation

Global powers brace for economic warfare as WEF flags top 2026 risk

By NBTC

The WEF’s Global Risks Report 2026 warns geoeconomic confrontation and great‑power competition now top the near‑term threat list, with AI disruption rising as a structural risk. Summary WEF survey respondents rank geoeconomic confrontation and economic warfare above state conflict, misinformation, and climate in near‑term global risk severity.​ Report flags accelerating AI and quantum advances as emerging threats to jobs, inequality, and geopolitical stability, with AI risk surging up the long‑term rankings.​ Findings arrive ahead of Davos, where leaders will debate tariffs, debt, and tech governance amid growing fragmentation and fears of a “new age of competition.” Competition between world powers…

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Legal

US Crypto Regulation Push Targets Bank-Crypto Balance

By NBTC

US Senator Tim Scott says a compromise between crypto companies and traditional banks could help keep innovation inside the United States. Recently speaking, the Senate Banking Committee chairman said lawmakers can keep consumers and community banks safe without blocking progress in digital finance. 🇺🇸A COMPROMISE WILL 'KEEP INNOVATION IN AMERICA' Senate Banking Committee chairman Tim Scott says a compromise between crypto firms and banks would keep innovation in America. “We can protect consumers and community banks while still allowing innovation and competition to lower… pic.twitter.com/qSsW6HCj8b — Coin Bureau (@coinbureau) February 5, 2026 “We can protect consumers and community banks while…

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Ethereum

Tom Lee's Bitmine now $8 billion underwater as ether tumbles below $2,000

By NBTC

BitMine Immersion Technologies (BMNR), the world's largest Ethereum-focused treasury company is now sitting on nearly $8 billion in paper losses after ether $ETH$1,963.25 fell below $2,000 on Thursday. The firm, helmed by well-followed Wall Street bull Thomas Lee, accumulated 4.29 million $ETH at an estimated cost of $16.4 billion, according to data from DropStab. That stash is now worth just $8.4 billion at current prices. BMNR stock fell another 9% Thursday to its lowest point since the company pivoted to an Ethereum strategy. It has now tumbled 88% from its July peak, as investor concern grows on the firm's $ETH…

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Regulation

Markets at Highs, Crypto Still Waiting

By NBTC

Welcome to our institutional newsletter, Crypto Long & Short. This week: Josh Olszewicz of Canary Capital on equities, liquidity and crypto’s early — but still tentative — signs of a bullish turn. Joshua de Vos analyzes ten major blockchain ecosystems and trends to watch in 2026. Top headlines institutions should pay attention to, curated by Francisco Rodrigues “Solana's Risk Appetite Returns” in Chart of the Week Thanks for joining us! -Alexandra Levis Expert Insights Markets at Highs, Crypto Still Waiting - By Josh Olszewicz, head of trading, Canary Capital Macro & equity backdrop Broader equity markets continue to print all-time…

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Legal

Swiss private bank Maerki Baumann gains approval for UAE crypto business unit

By NBTC

The Swiss private bank Maerki Baumann & Co. Ltd. is now regulated in the UAE by the Financial Services Regulatory Authority (FSRA) of ADGM. Its Middle East Hub branch in Abu Dhabi aims to support blockchain and crypto companies by offering access to essential financial infrastructure and by acting as a reliable banking partner. The bank entered the digital asset space back in 2019. As per the press release, Maerki Baumann seeks to be the financial partner for tech and blockchain ventures as well as crypto companies and entrepreneurs. The Middle East branch will operate under the ARCHIP Brand, uniting…

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NFT

Pudgy Penguins Hit New York City With Valentine's Day Pop-Up Event

By NBTC

The Pudgy Penguins team is helping fans celebrate Valentine’s Day in the real world with Pudgy Petals, a three-day immersive pop-up event in New York City that highlights gifting and connection via its colorful characters. Running February 12-14, the activation invites guests into the love story of Polly and Pengu (aka Pax), core characters in the Pudgy Penguins universe. The team told Decrypt that the brand—which has expanded from NFTs to games, real-world toys, and beyond—is using Valentine’s Day as a cultural entry point to continue to translate its internet-native IP into a broader brand. At the center of the…

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Ethereum

Bitcoin OG Garrett Jin withdraws 80,000 Ethereum from Binance

By NBTC

Garrett Jin, a prominent crypto trader commonly known as Bitcoin OG “1011short,” withdrew 80,000 Ethereum worth approximately $168 million from Binance on Thursday, according to on-chain data. The transfers took place during a market-wide selloff that pushed most crypto assets lower, with Bitcoin falling below $71,000 and Ethereum dropping under $2,100. The total crypto market capitalization shed 6% to $2.4 trillion, per CoinGecko. Heads up: Garrett Jin(#BitcoinOG1011short) has started buying back $ETH! He just withdrew 80,000 $ETH ($167.8M) from #Binance.https://t.co/LyveMqUKoj pic.twitter.com/K18mvT4aoj — Lookonchain (@lookonchain) February 5, 2026 The move signals a renewed interest in buying Ethereum, as Jin recently deposited…

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Legal

India crypto reporting under CARF to begin in 2027 as Budget 2026 sets new penalties

By NBTC

India is preparing a major overhaul of its regulatory stance on digital assets, with india crypto reporting reforms tied to global standards and fresh domestic penalties. India to join global crypto transaction reporting network in 2027 Budget 2026 introduces daily and flat penalties for non-compliance Investor behavior shifts amid market volatility Retail and institutional growth broaden crypto adoption Outlook for India’s crypto regulatory landscape India to join global crypto transaction reporting network in 2027 India will start sharing and receiving data on cross-border crypto transactions from April 1, 2027, under the Crypto-Asset Reporting Framework (CARF). The framework, developed by the…

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