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.

KuCoin Compliance Failures Lead to Crucial $14M Canada Fine

ExchangesSep 26

The cryptocurrency world is buzzing with news that underscores the critical importance of regulatory adherence. Specifically, KuCoin compliance failures have resulted in a significant penalty from Canadian authorities, sending a clear message to exchanges operating globally. This development highlights the growing scrutiny faced by digital asset platforms and the urgent need for robust anti-money laundering (AML) measures. What Exactly Led to These KuCoin Compliance Failures in Canada? Canada’s anti-money laundering (AML) agency, FINTRAC, has taken decisive action against Peken Global Limited, the entity operating the popular KuCoin cryptocurrency exchange. The agency imposed a substantial fine of 19.6 million Canadian dollars,…

BitMine Holdings Adds 15,427 Ethereum Worth $68.98 Million

EthereumSep 26

BitMine Holdings has purchased 15,427 ETH from Galaxy Digital, totaling close to $69 million. Under Chairman Tom Lee’s guidance, the company continues to strengthen its position among the top institutional holders of Ethereum. It is now holding around 2,141,445 ETH, about $9.6 billion at current prices. So, this latest Ethereum acquisition highlights BitMine’s steadfast commitment as a core pillar of their long-term growth and treasury strategy. Simply put, Ethereum became the focal point of their expansion plans. Will BitMine Holdings Push ETH Market Sentiment Higher? BitMine Holdings has made a move in the Ethereum space, dropping almost $69 million on…

South Korea crypto firms get ‘venture company’ status next week

RegulationSep 26

South Korea is reportedly lifting restrictions that have prevented crypto businesses from qualifying as venture companies, giving them new access to tax breaks and financing support. During a cabinet meeting on Tuesday, South Korea’s Ministry of SMEs and Startups said it had passed a partial revision to the Enforcement Decree of the Venture Business Act to remove the restrictions on virtual asset trading and brokerage businesses, according to South Korean news outlet the KoreaTechDesk. The change, slated to take effect on Sept. 16, will allow crypto firms to apply for venture certification, which opens up options for tax breaks and…

Josh Sterling CFTC Chair Appointment Could Impact Crypto

LegalSep 26

The cryptocurrency world is buzzing with significant news from Washington D.C. The White House is reportedly considering Josh Sterling for the pivotal role of Josh Sterling CFTC chair, as reported by SolidIntel. This potential appointment could have substantial ramifications for the digital asset landscape, especially given the Commodity Futures Trading Commission’s (CFTC) increasing oversight of crypto markets. Who is Josh Sterling and Why Does He Matter for the CFTC? Josh Sterling is certainly no stranger to the regulatory environment. He previously held a senior position within the CFTC, bringing a wealth of experience in financial derivatives and market oversight. His…

Hyperliquid announces HIP-3 feature on testnet, allowing the launch of builder-deployed markets

ExchangesSep 26

Hyperliquid answered the challenge of the emerging new perpetual DEX by opening infrastructure for user-created markets. The DEX will turn into a platform for builder-deployed perpetuals, with their separate liquidity and margin rules. Hyperliquid, the leading perpetual futures DEX, answered the challenge of its competitors by evolving into a platform for new market creation. The exchange’s founder Jeff Yan, presented the HIP-3 infrastructure, which would allow the creation of builder-deployed markets. As Cryptopolitan reported earlier, Hyperliquid is still struggling to keep the appeal of its platform and boost the native HYPE token. Upgrades and additions may keep Hyperliquid ahead of…

Unveiling an Astounding $69M Transfer from Galaxy Digital

EthereumSep 26

The cryptocurrency world is buzzing with significant news! In a notable move, Bitmain, a prominent Nasdaq-listed company, recently received a substantial 15,427 ETH, valued at an impressive $68.96 million, from Galaxy Digital. This major Bitmain ETH investment occurred over the past eight hours, according to data from Arkham, and it signals a strategic play in the ever-evolving digital asset landscape. For anyone tracking institutional movements in crypto, this transaction is a clear indicator of growing confidence in Ethereum’s potential. What’s Behind This Astounding Bitmain ETH Investment? Bitmain, primarily known as a leading manufacturer of cryptocurrency mining hardware, is strategically diversifying…

China’s Hip-hop Base Begins DAT: Invests $33M in Bitcoin

RegulationSep 26

China-based Pop Culture Group, which operates youth-oriented entertainment projects centered on hip-hop, has allocated $33 million of its treasury into Bitcoin to diversify reserves and explore digital assets. The move reflects the company’s plan to integrate cryptocurrency into its financial and operational strategy. It also explores opportunities in Web3 and entertainment-related digital assets. Strategic Allocation into Bitcoin and Digital Assets Pop Culture Group invested $33 million in Bitcoin for its corporate treasury. This is part of a deliberate effort to expand beyond traditional cash and conventional financial instruments. The company is establishing a cryptocurrency fund pool. The pool may include…

FTX Recovery Trust sues Genesis Digital to recover $1.15B in allegedly fraudulent transfers

LegalSep 26

FTX Recovery Trust sued Bitcoin mining company Genesis Digital Assets, seeking to recover $1.15 billion in allegedly fraudulent transfers made by the co-founder of the fallen exchange, Sam Bankman-Fried. As Bloomberg Law reported on Sept. 23, the trust filed the lawsuit on Sept. 22 in the US Bankruptcy Court for the District of Delaware. It targets Genesis Digital, its affiliates, and co-founders Rashit Makhat and Marco Krohn. The trust claimed that Bankman-Fried fraudulently transferred funds through commingled and misappropriated assets from the FTX business, with most of the money coming from customer deposits at the FTX.com exchange. The lawsuit represents…

Binance and Bybit CEOs Meet With Vietnam’s Deputy PM For Expansion Plans

ExchangesSep 26

Nguyen Hoa Binh, Deputy Prime Minister of Vietnam, recently met with Binance CEO Richard Teng in the UAE. The country wants Binance to establish a local headquarters to advance crypto ecosystem development. Nguyen also met with Ben Zhou, co-founder of CEO and Bybit, to discuss regulatory concerns. The nation aims to become a new regional crypto hub and is preparing ambitious measures to achieve this goal. How Binance Can Help Vietnam’s Digital Assets Market Vietnam has been aiming to be a new crypto hub for a while, preparing friendlier regulations and encouraging new exchange infrastructure. Today, a state-owned media outlet…

Ethereum (ETH) Ecosystem Hits Another Record in Payments

EthereumSep 26

The Ethereum (ETH) ecosystem — Ethereum's mainnet and its second-layer scaling solutions like Optimism, Polygon, Arbitrum and Base — are already exceeding major European digital payment operators by daily transaction metrics. At the same time, the numbers of UnionPay and Visa are still yet to be reached. EVM blockchains exceed U.K., Germany payment systems by daily transfer count Ethereum Virtual Machine blockchains — Ethereum (ETH) mainnet and L2s — achieved a new record high. As demonstrated by Leon Waidmann of Onchain Foundation, the EVM ecosystem networks processed over 27 million transactions in 24 hours. 🚨 Ethereum just broke another record!…