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.

Devastating Loss for Terraform Founder

The legal battles continue for Terraform Labs founder Do Kwon. In a recent and significant development, Kwon has lost a crucial bid to recover a substantial 19.6 billion won (approximately $14.2 million) deposit for a luxurious Do Kwon penthouse in Singapore. This setback comes after the nation’s High Court dismissed his claim, as reported by the local media outlet Singapore Law Watch. What’s the Story Behind the Do Kwon Penthouse Deposit? Before the dramatic collapse of the Terra-Luna ecosystem in May 2022, Do Kwon had committed to purchasing a high-end penthouse. He had already paid roughly half the purchase price,…

LegalSep 10

Nasdaq to Invest $50 Million in Winklevoss Twins' Gemini Crypto Exchange: Reuters

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is preparing to go public with Nasdaq as both its listing venue and an investor, Reuters reported Tuesday, citing sources familiar with the matter. According to the news outlet, Nasdaq has agreed to buy $50 million worth of Gemini shares in a private placement tied to the initial public offering. The arrangement apparently goes beyond funding. Nasdaq’s clients will gain access to Gemini’s custody and staking services, while Gemini’s institutional users will be able to use elements of Nasdaq’s Calypso system, a multi-asset trading and risk management platform. In particular,…

ExchangesSep 10

List of Addresses Holding the Most Cryptocurrency and Who They Belong To Released – Here Are the Hard-to-Believe Figures

Blockchain analysis platform Arkham has revealed the largest asset holders in the cryptocurrency market. According to the statement, the 100 richest institutions and individuals hold more than $1.6 trillion in digital assets. The list includes exchanges, investment funds, asset managers, DeFi protocols, and high-net-worth individuals. Who's in the Top 10? According to the report, exchanges and traditional finance giants stand out among the largest crypto holders: Binance (Exchange) – $209.19 billion Coinbase (Exchange) – $155.80 billion Satoshi Nakamoto (Bitcoin founder) – $125.06 billion BlackRock (Investment management company) – $100.77 billion Lido (DeFi protocol) – $69.85 billion MicroStrategy (BTC Treasury company)…

DeFiSep 9

More People Worldwide Are Turning to Crypto Retirement, Here's Why

Crypto Gains Traction in Retirement Planning Cryptocurrency is no longer viewed as just a speculative trade. Across the globe, more people are now considering digital assets as part of their retirement strategy. Surveys show that a significant portion of adults are open to allocating part of their pension savings to cryptocurrencies, while others are even willing to withdraw existing retirement funds to invest directly in Bitcoin and altcoins. This shift highlights a growing belief that digital assets could play a role in long-term wealth accumulation, especially as inflation, debt crises, and shifting monetary policies reshape global financial markets. Motivations: Higher…

RegulationSep 9

Congress Is Back From Break

Here's what we're looking for now that Congress is back from summer recess and we enter the final four months of 2025. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Welcome to the last four months of 2025. Here's what we're looking for in the final third of this year. Why it matters Crypto already got one major bill this year — the GENIUS Act addressing stablecoins — but the bigger market structure bill remains a work-in-progress. Congress is back from summer…

LegalSep 9

A Game-Changing Launch Set for November 10

Get ready for a significant shift in the cryptocurrency landscape! The Chicago Board Options Exchange (CBOE) is poised to launch CBOE crypto futures for both Bitcoin (BTC) and Ethereum (ETH) on November 10. This pivotal development, as reported by Reuters, marks a major step forward for institutional engagement in the digital asset space. It’s an exciting time, signaling increased legitimacy and accessibility for these leading cryptocurrencies within traditional financial markets. Why Are CBOE Crypto Futures a Game Changer? The introduction of CBOE crypto futures is more than just another product offering; it represents a powerful endorsement from a major regulated…

ExchangesSep 9

Legal expert affirms public blockchains remain regulatory standard despite corporate L1 launches

Variant Fund chief legal officer Jake Chervinsky maintains that decentralized public blockchains remain the regulatory standard for product development, despite recent announcements of corporate-controlled layer-1 (L1) networks. Chervinsky argued on X that many new L1s built by companies for product-specific reasons are “unnecessary” and “unhelpful” from a regulatory perspective. He noted that no US regulator has demanded permissioned validator sets or built-in compliance tools, and no serious legislative effort in Congress has contemplated such requirements. Chervinsky added: “If you have a great commercial reason to build (or build on) a product-specific L1, have at it. If not, and you’re just…

BlockchainSep 9

Ordinals Scrapyard turns Bitcoin NFT wreckage into tax write-offs

A new website called Ordinals Scrapyard is allowing users to see exactly how much money they’ve lost buying inscriptions — and harvest the losses for tax reporting purposes. The site is an embarrassing bookend to a series of stories about the theory that Ordinals could bring NFT trading onto Bitcoin’s blockchain despite its popularity on other chains like Ethereum and Solana. Despite being heralded in early 2023 by Bitcoin developer Casey Rodarmor as a Bitcoin-native protocol for minting, buying, and selling collectibles, the floor price of most inscriptions has now fallen to $0.001. Indeed, prior to the website’s launch, most…

NFTSep 9

One of Japan’s Largest Banks Steps Up to the Cryptocurrency Sector

Japan Post Bank, one of Japan's largest banks, plans to offer depositors a digital currency in fiscal 2026 that can be used for fast trading of blockchain-based financial products. The bank wants to make its 190 trillion yen (about $1.29 trillion) in deposits more effective and revive long-dormant accounts. The digital currency in question will be DCJPY, developed by Tokyo-based DeCurret DCP. Users will be able to link savings accounts with this currency, which will have a unit value of 1 yen = 1 DCJPY, and will be able to make instant conversions through the app. This will allow investors…

RegulationSep 9

FBOT registry won't bring offshore crypto exchanges to the US — Attorney

The recent Commodity Futures Trading Commission (CFTC) advisory on offshore exchanges serving US residents under the Foreign Board of Trade (FBOT) framework won’t bring offshore crypto exchanges back to the US, according to Eli Cohen, general counsel at real-world asset (RWA) tokenization company Centrifuge. Cohen told Cointelegraph that settlement, clearing, and other regulatory requirements designed for the traditional financial system, required to serve US clients under the FBOT framework, are not tailored for crypto exchanges and will be difficult or impossible to fulfill. The CFTC’s guidance also stipulated that only Licensed Futures Commission (FCM) exchanges, which are broker-dealers for futures…

LegalSep 9