Author: NBTC

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.

Regulation

Sumit Gupta Calls Stablecoins Key to Cutting India’s $125B Fees

By NBTC04/10/2025

CoinDCX co-founder and CEO Sumit Gupta has called for India to embrace stablecoins. He says the technology could save the country billions in remittance fees. His comments came after Finance Minister Nirmala Sitharaman mentioned stablecoins during her address at the 4th Kautilya Economic Conclave 2025 in New Delhi. Glad to see our Hon'ble Finance Minister, Smt. Nirmala Sitharaman ji refer to stablecoins and how countries around the world have just two options: to either explore it or risk exclusion. I personally believe that India should embrace stablecoins! India receives over $125B in… pic.twitter.com/ODpoIXB8Gq — Sumit Gupta (CoinDCX) (@smtgpt) October 4,…

Legal

Crypto’s bipartisan image fades as Winklevoss brothers go MAGA

By NBTC04/10/2025

The Winklevoss twins are playing with political fire. What started as a techie rebellion has become a full-blown right-wing pivot that’s cracking open the crypto industry’s carefully-built political neutrality in Washington. Ever since Trump announced that he was pro-crypto on the campaign trail last year, the twins quickly turned MAGA. Tyler and Cameron Winklevoss, known mostly for their Harvard feud with Mark Zuck, have gone all-in on Trump. They’re now major influencers inside the GOP, pushing appointments, sabotaging nominations, and deciding what crypto’s image is gonna be on the Hill. Tyler and Cam’s influence was on full display in July…

Exchanges

Tokenwell Unveils Retail Crypto App in US, Eyes Entry into Europe

By NBTC04/10/2025

Tokenwell has launched a new retail-focused crypto investing application in the US, enabling non-institutional investors to access curated crypto baskets. The company also announced plans to enter Europe, beginning with Germany, to broaden its geographic footprint. App Launch Brings Crypto Baskets to Retail Sector Tokenwell Platforms Inc. has launched a crypto investing app for retail users in the US. The app provides access to professionally designed baskets of digital assets. These baskets were previously available only to accredited and institutional investors. The app is now available via the Apple App Store and Google Play Store. This launch follows Tokenwell’s acquisition…

Legal

Judges Ramp Up Token Freezes As Trump Reduces Federal Enforcement

By NBTC04/10/2025

According to a new report, civil fraud judges are taking more active measures to freeze and recover stolen crypto. As federal enforcement diminishes, retail traders are looking to new sources of protection. Still, this trend is not enough to solve the problem. These judges struggle to cope with today’s crime wave and aren’t familiar with Web3 technology. Scammers can persuade them to desist their efforts. Civil Judges Fight Crypto Fraud President Trump has left a huge impact on Web3 markets, but his war on federal crypto enforcement might prove to be the most consequential. One recent example highlights the reductions:…

Exchanges

TRON’s SunPerp Platform Logs Early Traction as Multi-Chain Strategy Takes Shape

By NBTC04/10/2025

TRON founder Justin Sun disclosed operational metrics for SunPerp during TOKEN2049, revealing user acquisition and volume figures from the perpetual decentralized exchange’s public beta phase. The platform’s roadmap includes integration with multiple blockchain networks as part of a broader liquidity expansion strategy. Sun reiterated the protocol’s emphasis on non-custodial infrastructure, positioning decentralized financial services as a structural alternative to intermediated platforms. SunPerp Beta Phase Metrics Show Initial User Engagement SunPerp’s public testing phase, which commenced in late September, has recorded measurable adoption within the TRON ecosystem. Platform data indicates the perpetual DEX reached over 7,000 registered users during its first…

Ethereum

MAGACOIN FINANCE Featured With Cardano and Ethereum in Analysts’ Top 2025 Crypto Rankings

By NBTC04/10/2025

Crypto analysts are already building their top picks list for 2025 — and MAGACOIN FINANCE has landed right next to Cardano and Ethereum. The three coins are being discussed in the joint context, but there is evident disparity in the upside potential. ADA and ETH are being projected for solid 50x–60x growth, while MAGACOIN FINANCE is being called a possible 600x play. That has placed it under the limelight as altcoin retail traders and even whales do not wish to miss on it. Cardano Finds Stability With Institutional Backing Cardano has been able to maintain above critical price levels in…

Legal

A federal judge has narrowed a shareholder lawsuit alleging that Coinbase concealed risks related to the SEC and bankruptcy

By NBTC04/10/2025

A federal judge has ruled that Coinbase Global Inc. must face a narrowed shareholder lawsuit accusing the crypto exchange of hiding business risks. The lawsuit may involve action by the Securities and Exchange Commission (SEC) and potentially impact the outcome of bankruptcy proceedings. U.S. District Judge Brian Martinotti’s decision on Tuesday night in Newark, New Jersey, rejected requests from Coinbase, its executives, and directors for a complete dismissal of the case. The ruling means that while some claims were dismissed, others with specific allegations against individual defendants will proceed. Martinotti says shareholders cannot pursue a case based on a group…

Exchanges

Machi Big Brother’s $44M profit shrinks to $9M loss on Hyperliquid

By NBTC04/10/2025

Taiwanese music celebrity and high-profile digital asset investor Jeffrey Huang, also known as “Machi Big Brother,” is facing a nearly $9 million floating loss on his Hyperliquid account. Account “0x020c” associated with Huang, who is also a popular Bored Ape Yacht Club collector, is approaching a floating loss of $9 million on decentralized exchange (DEX) Hyperliquid. From a profit of approximately $44 million just 13 days ago, the celebrity is now sitting on an unrealized loss of $8.7 million on their 5x leveraged long position, which involves betting on the price appreciation of the Plasma (XPL) token, according to blockchain…

Legal

US lawmakers grapple with crypto tax policy amid government shutdown

By NBTC04/10/2025

US lawmakers debated crypto tax policy at Wednesday’s Senate Committee on Finance hearing, including possible tax exemptions for crypto transactions below a certain threshold and how income from staking services should be classified. Lawrence Zlatkin, the vice president of tax at crypto exchange Coinbase, urged the Senate committee to consider a de minimis tax exemption for cryptocurrency transactions under $300 to encourage commercial use in payments and ensure innovation occurs inside the US. Zlatkin said: “The guiding principle is simple parity with traditional finance. The same tax rules should apply to the same economic activity, whether it involves commodities, stocks,…

Legal

Senator Accuses Crypto Billionaire of Dodging Puerto Rico Tax Evasion Investigation

By NBTC04/10/2025

The top Democrat on the Senate Finance Committee has accused a prominent crypto investor of refusing to cooperate with an investigation into an alleged billion-dollar tax evasion scheme running through one of the digital asset community’s most popular enclaves: Puerto Rico. Sen. Ron Wyden (D-OR) first opened an investigation into the finances of Pantera Capital founder Dan Morehead in January, as part of a broader inquiry into how “ultra-high net worth” Americans have used Puerto Rican residency as a means to obtain lucrative tax exemptions. Wyden had not previously publicly announced that investigation until now, however. This week, the senator…