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.

Ex-Cred execs receive combined 88-month prison term after $140m collapse

Two former executives from defunct crypto lender Cred LLC have been sentenced to a combined 88 months in federal prison for their roles in a wire fraud conspiracy. Summary Cred’s ex-CEO and CFO get 88 months for defrauding 6,000+ customers of $140m Executives misled clients after COVID-19 crash exposed Cred’s risky strategy Cred’s bankruptcy left over $1b in losses by today’s crypto valuations The conspiracy left over 6,000 customers with more than $140 million in losses. Senior U.S. District Judge William Alsup sentenced co-founder and former CEO Daniel Schatt to 52 months behind bars. Former CFO Joseph Podulka received a…

LegalSep 1

21Shares Launches Hyperliquid ETP on SIX Swiss Exchange

In a significant move bridging the gap between traditional finance and the decentralized world, leading cryptocurrency ETP issuer 21Shares has announced the launch of its innovative Hyperliquid ETP. This groundbreaking product is set to trade on the highly reputable SIX Swiss Exchange, marking another milestone for institutional access to novel crypto assets. What is the Hyperliquid ETP and Why Does It Matter? The newly launched Hyperliquid ETP (Exchange Traded Product) is designed to provide investors with exposure to Hyperliquid (HYPE), a dynamic decentralized perpetual exchange. Hyperliquid stands out in the DeFi landscape for its high-performance trading environment, offering users a…

ExchangesSep 1

Crypto to become UAE’s second-biggest sector in 5 years — Institutional investor

The crypto sector in the United Arab Emirates (UAE) is on track to become its second-largest industry in the next five years, due to the country’s regulatory policies and attractive business environment, according to Chase Ergen, a board member of publicly traded digital asset investment firm DeFi Technologies. “They have a reputation for leadership, legislation, and community,” Ergen told Cointelegraph in an interview. He also predicted: “They sell oil, that's their main business. I think their second-biggest business is going to be the blockchain industry in the next five years. This will start to be double-digit parts of the economy.”…

RegulationSep 1

Bitcoin Home Invasion Ringleader Gets More Prison Time for Beating Witness

A Florida man sentenced to 47 years in prison last September for orchestrating a string of violent home invasions against crypto owners received additional punishment last week, awarded extra time for attacking a witness, according to the U.S. Justice Department. Remy St Felix, 25, was sentenced to another seven years in prison for attacking a witness who testified to his involvement in the sweeping home invasion scheme, in which some crypto owners were assaulted and bound with zip ties, authorities said in a press release. St Felix approached the witness, who was shackled and handcuffed, in a North Carolina-based detention…

LegalSep 1

VivoPower expands Crypto.com partnership with new shareholder incentives

VivoPower is deepening its collaboration with Crypto.com by introducing a new shareholder benefits program that rewards investors with XRP tokens. Summary VivoPower shareholders who sign up on Crypto.com via an exclusive link can receive a $100 bonus in XRP tokens. Crypto.com now serves as VivoPower’s official custodian, providing secure, institutional-grade storage for its XRP assets. Nasdaq-listed VivoPower has announced an expansion of its partnership with Crypto.com, unveiling a new shareholder benefits program designed to incentivize VivoPower shareholders to engage with the digital asset ecosystem. Under the program, shareholders who sign up as new users on Crypto.com through an exclusive affiliate…

ExchangesSep 1

Basel Bank capital rules create 'chokepoint' for crypto — Investment exec

Capital requirements for banks from by the Basel Committee on Banking Supervision (BCBS), which crafts banking standards, create a “chokepoint,” designed to throttle the growth of the crypto industry, according to Chris Perkins, president of investment firm CoinFund. The current capital rules lower a bank’s return on equity (ROE), a critical profitability metric in banking, by forcing higher reserve requirements for holding crypto, making crypto-related activities too expensive for banks, Perkins told Cointelegraph. “It's a different type of chokepoint, in that it's not direct. It's a very nuanced way of suppressing activity by making it so expensive for the bank…

RegulationSep 1

Former Governor of the People’s Bank of China Publishes Article Concerning the Cryptocurrency Sector: Issues Warning

Former Governor of the People's Bank of China, Zhou Xiaochuan, wrote an extensive article on stablecoins and digital payment systems, highlighting the limitations and potential risks of these assets. Key points highlighted in Zhou's article include: Decentralization isn’t suitable for every financial service: Zhou noted that the notion that “every service needs to be decentralized” is overblown, and that account-based centralized management systems are still operating strongly. Technology is not a sufficient criterion: The success of payment systems depends not only on technical advantages but also on factors such as security and regulatory compliance. Market manipulation and investor risk: Stabilcoin…

LegalSep 1

Crypto Fundraising Spikes in August 2025, Story Protocol Leads

The crypto market is going through significant increase in fundraising events in August 2025. As per the data from Phoenix Group, Story Protocol, 1Kosmos, and Sui are the top among the leading funding events that have taken place recently in August. In line with the crypto data and analytics platform’s latest X post, the respective investments highlight rising institutional interest in infrastructure, gaming, and decentralized identity protocols. The funding rounds raise the chances for the further growth of these projects amid the overall bullish momentum. MAJOR RECENT CRYPTO FUNDRAISING EVENTS#StoryProtocol $IP #1Kosmos #Sui $SUI #Shrapnel $SHARP #Transak #USDAI #Mesh #Mecka…

RegulationSep 1

$17,000,000 Covid-Relief Fraud Ring Busted by Feds, Throwing Eight People Behind Bars: DOJ

Federal prosecutors say eight people have been sentenced for their roles in a multi-year scheme that defrauded U.S. COVID-19 relief programs of more than $17 million. The Department of Justice (DOJ) just announced the conclusion of an investigation that began with charges back in 2021. According to court filings, the group of fraudsters submitted fraudulent applications to both the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. The programs were created during the pandemic to provide emergency financial assistance to small businesses and self-employed individuals. Investigators said the conspiracy used fabricated documents, false business records, and…

LegalSep 1

SBI Launches Bitcoin Services for 3D Housing Pioneer

Japan’s leading crypto exchange, SBI VC Trade, has begun providing comprehensive digital asset services for construction firm LibWork’s treasury strategy. SBI VC Trade has launched Bitcoin trading, custody, and investment management services for LibWork, marking a significant expansion into the construction sector. Moreover, it demonstrates how traditional industries increasingly adopt cryptocurrency treasury strategies. Institutional-Grade Bitcoin Solutions After the announcement, LibWork’s stock price initially surged to $5.44(800 yen). However, profit-taking activities later pushed shares down to $5.25(771 yen), representing a 2.41% decline from the previous trading session. The initial positive reaction demonstrates investor appetite for crypto-related developments. Nevertheless, short-term volatility suggests…

ExchangesSep 1