Author: NBTC

Why Did Tennessee’s Cryptocurrency ATM Ban Survive Its First Legal Test? A federal court declined to halt Tennessee’s cryptocurrency ATM ban before it took effect, Attorney General Jonathan Skrmetti announced July 7. The ruling followed a lawsuit by GPD Holdings, LLC, operating as Coinflip, and Charles Wernicke, CEO of Private IT Corporation. The plaintiffs sought a temporary restraining order blocking Public Chapter 766 before its July 1 implementation. The court found the plaintiffs failed to meet the legal standard for emergency injunctive relief. Although the businesses showed economic harm, the court said that did not outweigh the public interest in…

Global payments infrastructure company Nium has acquired the crypto wallet application CYPR, according to an announcement from CYPR. The deal will lead to the gradual discontinuation of CYPR’s existing services, including its mobile app, business card platform, and associated ecosystem. Service Phase-Out Timeline CYPR users have a limited window to access the platform. All existing services will remain operational only until September 6, 2026. Card top-ups have already been halted, though payment functions will continue to work until August 7, 2026. Additionally, CYPR Rewards earned from transactions made through July 16, 2026, will still be paid out. What the Acquisition…

The crypto industry’s bid for policy relevance took an unusual diplomatic detour when the Blockchain for Good Alliance (BGA) brought its message of verifiable trust infrastructure directly to a United Nations cultural forum. The original report details how the non-profit, founded by crypto exchange Bybit, urged policymakers to treat blockchain and AI not as isolated risks but as joint building blocks for institutional trust. The intervention comes at a precarious moment for crypto regulation in Washington, where banks are trying to kill sweeping Senate legislation just days before a decisive vote. While national lawmakers debate the future of digital asset…

Strategy, the largest institutional Bitcoin investor, drew attention this week with its $BTC sales. Market experts say that Strategy’s $BTC sale had a limited impact on the price, and that the price remained resilient despite the sale. On the other hand, while Strategy’s announcement regarding its sales is said to balance the risks, the company’s founder, Michael Saylor, made a new announcement about Bitcoin. Announcing the news with his usual X-shaped post, Michael Saylor revealed that his company has published a Bitcoin-based credit rating model. Accordingly, Strategy (MSTR) has published a Bitcoin-based credit rating model on its official website. Saylor…

$XRP spot exchange-traded funds have recorded a substantial $7.29 million net outflow. This is the most significant single-day loss that these funds have recorded since March. The Bitwise factor Notably, a single fund for the unfortunate outflows. The Bitwise $XRP ETF fully absorbed the $7.29 million net redemption. However, despite bleeding capital during the mid-week trading session, the broader outlook for the Bitwise product remains rather positive. The fund’s cumulative historical net inflow still sits at an impressive $494 million. However, it has lost only a fraction of the total capital it has attracted since its inception. Reen volatility The…

A governance vote on $NEAR Protocol just quietly rewrote one of the network’s most fundamental economic rules — and the implications reach well beyond a single line item in a developer’s budget. Key takeaways $NEAR’s governance body, House of Stake, passed proposal HSP-027 to eliminate the 30% developer gas rebate on smart-contract calls. After the change, all gas fees will be burned rather than partially returned to contract owners. The vote passed with 46 votes representing 4.66 million veNEAR in favor, versus just 2 votes representing 1,819 veNEAR against. Implementation is expected around August 2026 with the nearcore v2.14 release.…

Former New York governor and ICE-OKX joint venture co-chair, Andrew Cuomo is calling on U.S. lawmakers to move quickly on the CLARITY Act. He says the crypto industry is not looking for special treatment, it simply wants clear regulations. Speaking on Bloomberg Crypto, Cuomo urged Congress to pass the bill before lawmakers leave for the August 7 recess. This comes after the White House’s earlier July 4 target was missed. According to Cuomo, years of regulatory uncertainty have made it difficult for crypto businesses to operate confidently in the United States. “What the companies are saying is tell me the…

Brazil’s B3 stock exchange has unveiled options on bitcoin BTC$62,676.14, ether (ETH) and solana (SOL) futures, expanding its regulated crypto derivatives offerings. The contracts bec+ame available for trading on July 6, according to a B3 circular. They include call and put options on bitcoin futures denominated in Brazilian reais, while ether and solana futures are denominated in U.S. dollars. The options settle into the underlying futures contracts, not the tokens themselves. B3 said the products do not involve custody, transfer or administration of spot cryptoassets. The contracts trade independently from 9 a.m. to 6:30 p.m. local time, according to B3’s…

Nasdaq-listed cloud mining platform Bitfufu has released its operational update for June, reporting the production of 125 Bitcoin. The figure provides a monthly snapshot of the company’s mining output and its strategic management of digital asset reserves. June Production and Holdings Overview According to the company’s announcement, Bitfufu’s total Bitcoin holdings stood at 1,671 $BTC as of the end of June. This represents a net decrease of 184 $BTC compared to the end of May. The reduction in holdings suggests the company may have sold or otherwise deployed a portion of its treasury assets during the month, a common practice…

Hyundai Card announced that it has successfully completed its first real-world pilot study in the stablecoin-based cross-border payment space. According to the company’s statement, a real money transfer using $USDT was carried out between Hyundai Motor’s subsidiaries in the US and Mexico as part of a proof-of-concept (PoC) process conducted in collaboration with Tether and Avalanche. Thus, the test moved beyond being merely a theoretical blockchain experiment and became a practical application based on the actual need for internal company payments. According to the shared information, Hyundai Motor America converted $20,000 to $USDT and sent it to its unit in…