Author: NBTC

Coinbase, the well-known crypto exchange, has grown beyond the confines of its original business model. Brian Armstrong, the company’s CEO, recently shared an interesting perspective: if Coinbase were to be classified as a bank, it would be the 21st largest in the U.S., managing around $0.42 trillion in customer assets. That is more than some of the biggest names in banking today. But Armstrong does not stop there. He points out that if Coinbase were considered more like a brokerage, it would actually rank eighth in the country by assets under management. Thus, depending on how you look at it,…

Bitcoin’s dramatic two-day plunge has rattled the crypto market, erasing nearly all of its early 2025 gains and sparking a fresh wave of investor anxiety. Amid fears of rising inflation, surging bond yields, and potential US tariff policies under the incoming administration, Bitcoin fell to a low of $92,900 today (Wednesday), leaving traders debating its next move. The selloff began earlier this week as strong US economic data caused fears that the Federal Reserve might maintain a hawkish stance longer than anticipated, CNBC reported. The 10-year US Treasury yield surged, pressuring risk assets across the board. Bitcoin, which briefly traded…

With Coinbase crossing $420 billion in assets, CEO Brian Armstrong is comparing the top US-based crypto exchange to leading US banks. In a new post to the social media platform X, Armstrong lays out the case for why he thinks Coinbase is now competing with the largest US banks, brokerages and payment companies. “If you think of Coinbase like a bank, we now hold about $0.42 trillion in assets for our customers, which would make us the 21st largest bank in the US by total assets, and growing. If you think of us more like a brokerage, we’d be the…

Telegram tap-to-earn game TapSwap announced it will launch its upcoming TAPS token on BNB Chain instead of The Open Network (TON), as originally planned. The game was expected to complete its token airdrop in the second half of January, but recently said it delayed its token launch on the advice of an unnamed “tier-1” decentralized exchange in hopes of finding better market conditions. Now though, after completing its first season of gameplay on February 6, the project is moving forward with its token launch on BNB—which is expected to take place on February 14, per an X post from earlier…

The world’s second-largest crypto exchange by trading volume is re-entering the Indian market after securing mandatory registration with regulators and paying a $1 million fine. Last month, Dubai-based exchange Bybit announced a temporary suspension in India, preventing users in the country from opening trades or accessing products on its platform and only allowing withdrawal transactions. The exchange failed to register with India’s Financial Intelligence Unit (FIU-IND) as required by the country’s anti-money laundering regulations. As a result of the violations, the regulator blocked Bybit’s websites and imposed a monetary penalty of Rs. 9 crore 27 lakhs, or $1,058,512. Bybit informed…

The market’s New Year rebound turned into a start-of-year retrace after Bitcoin (BTC) dropped from the recently reclaimed $100,000 support into the $94,000 territory. Amid the drop, an analyst shared his “cautiously bullish” outlook for BTC’s price. Bitcoin Risks Crash To $74,000 On Tuesday, Bitcoin dropped below $97,000, dragging the market into the first pullback of the year. BTC began 2025 trading around the $92,000 level but climbed around 6.5% in the following days. After turning the $98,000 resistance into support over the weekend, Bitcoin jumped back above $100,000, reaching its highest price in weeks. However, BTC struggled to maintain…

In the past 24 hours, the broader non-fungible token market has been struggling, indicating a decrease in user interest. The same phenomenon currently happens in the digital asset market, which today saw a significant decline triggered by macroeconomic instability and fear among investors. However, according to data shared by Phoenix Group today, NFT collections like Pudgy Penguins, the Band Bears, CryptoPunks, and others recorded outstanding performance, suggesting optimism in the market. #NFT MARKET OVERVIEW TOP COLLECTION #PudgyPenguins – 24H Volume $1.93M… pic.twitter.com/qleCKLDp15 — PHOENIX – Crypto News & Analytics (@pnxgrp) February 7, 2025 NFT market registers decreased volumes The wider…

Bubblemaps, an on-chain analytics firm, has announced that it will launch its own token on Solana later this month. This will be used as the backbone of the company’s soon-to-launch investigation platform. Intel Desk, the aforementioned investigation platform, aims to be the “first governance for on-chain investigations.” Launching in Q1 2025, proposers will submit investigation ideas—such as suspicious wallets or nefarious token launches—users will then vote using the Solana Bubblemaps Token (BMT). When an investigation has received enough votes, the investigation begins with Bubblemaps leading the way. That said, contributors can help uncover information regarding the case. Put simply, Intel…

B3, a layer-3 gaming network built on top of Base—the Coinbase-incubated Ethereum layer-2 chain—announced Friday that it will drop its recently revealed B3 token with an accompanying airdrop on Monday, February 10. The B3 token will be available for trading via Bybit and “other major exchanges,” the project said Friday, with a snapshot taken of network activity ahead of a planned “S1 airdrop,” according to an X thread. But it won’t be the only airdrop for players. “There will be more airdrops, tournaments, and gamified ways to earn B3 going forward,” the project posted. for game developers, the $B3 token…

Bitcoin and the wider crypto market may be entering a new era of widespread adoption, but investors are far from being “too late,” according to Fidelity Digital Assets’ 2025 Look Ahead report. The report, authored by Fidelity’s research team and led by Chris Kuiper, addresses a lingering question among investors: “Am I too late?” The inquiry follows a year marked by accelerated digital asset growth, fueled by the approval of exchange-traded products (ETPs) and a post-election surge. Drawing on economist Carlota Perez’s theory of technological revolutions, the report suggests that the digital asset market is transitioning from speculative frenzy to…