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.

Polygon, XRP & MAGACOIN FINANCE Predicted for 25x Gains by Analysts

As the crypto market starts heating up again in late 2025, investors are turning their eyes toward the next big opportunity. According to multiple crypto analysts, three altcoins are showing strong potential to deliver 25x returns in the upcoming bull cycle: Polygon (POL), XRP, and MAGACOIN FINANCE—a new project currently in its presale phase that’s generating major buzz across DeFi circles. With Polygon delivering technical upgrades and XRP finally free from regulatory uncertainty, all signs point to massive growth ahead. But it’s MAGACOIN FINANCE—a high-energy, community-driven finance token—that might just deliver the biggest upside of them all. Let’s break it…

DeFiAug 24

India Passes Gaming Bill As Crypto Faces Strict Scrutiny

India’s ban on real money gaming in August 2025 is one of the clearest examples yet of how decisively the government is willing to act. The Online Gaming Bill, passed on August 20-21, shuts down any platform that involves deposits or stakes, which the law now calls “online money gaming.” An Online Gaming Authority is being set up to enforce it, and the penalties are sharp: up to three years in jail and fines of up to ₹1 crore. Apps Shut Paid Features post Gaming Bill Dream11, MPL, Gameskraft, Zupee, Probo, My11Circle, RummyCulture, and others all suspended their real money…

LegalAug 24

ChainAware.ai and Snowball Labs Unite for Wallet-Aware Identity in Modular Blockchains

ChainAware.ai, a leading platform in artificial intelligence (AI) predictive analytics and fraud detection, is excited to announce its groundbreaking collaboration with Snowball Money, a platform that transforms wallet addresses into simple, recognizable identities. The main objectives of this partnership are to create decentralized identity and reputation solutions to increase the level of trust and security across the modular blockchain stack. https://t.co/tODxqMTUfI x Snowball Labs 🤝 We’re partnering with @snowball_money , the team building the identity and reputation layer for the modular blockchain stack. Snowball delivers: 🔹 Modular Naming Service (MNS) → cross-chain identity, messaging, and wallet reputation… pic.twitter.com/qGVsXz9gEQ — ChainAware.ai…

BlockchainAug 24

A Cryptocurrency Bill Has Been Introduced in a US State, Disappointing President Donald Trump! Here Are the Details…

While Bitcoin and cryptocurrencies are becoming more and more accepted in the United States, an unexpected move came from Pennsylvania Democratic Representative Ben Waxman. While the US national Bitcoin reserve is being discussed, Ben Waxman has introduced Bill 1812, which aims to ban public officials from profiting from cryptocurrencies while in office. Citing corruption concerns linked to US President Donald Trump's crypto activities, Ben Waxman has introduced a bill that would prohibit officials from profiting from cryptocurrencies while in office. The Pennsylvania lawmaker accused Trump of financially benefiting from crypto projects like memecoin and stated that the law was a…

LegalAug 23

AscendEX Taps ASTRAI to Tokenize AI Models and GPU Power

AscendEX, a prominent crypto exchange, has partnered with ASTRAI, a well-known decentralized compute platform. The main purpose of this collaboration is to utilize the blockchain infrastructure to drive AI innovation as well as optimize GPU utilization across the globe. As AsendEX mentioned in its official announcement on X, the joint effort serves as a landmark step toward combining decentralized finance (DeFi) and artificial intelligence (AI). Keeping this in view, the development is poised to expedite the adoption of AI-led blockchain solutions, unveiling exclusive opportunities for users and developers. 🤝We're excited to partner with @ASTRAI_official#ASTRAI is a decentralized AI compute and…

BlockchainAug 23

While CFTC Awaits New Chairman, Acting Chief Pham Gets Rolling on Crypto

With the chairmanship still an open question for the Commodity Futures Trading Commission — likely to be a leading U.S. watchdog for crypto — its interim leader, Caroline Pham, is getting started on recommendations from the recent crypto report of the President's Working Group. The CFTC, which regulates U.S. derivatives trading and would assume oversight of the bulk of U.S. crypto trading under Congress' market structure legislation, was at the center of key recommendations in the Trump administration report. So Pham, who President Donald Trump named acting chairman earlier this year, directed the agency to start taking industry input on…

LegalAug 23

NFT sales drop 25% to $134m, CryptoPunks plunge 59%

The NFT market has experienced a sharp correction with sales volume dropping by 25.78% to $134 million. This reversal follows the previous week’s recovery. Summary NFT sales fall 25% to $134M, but buyers and sellers both rise over 25% Polygon and BNB post strong gains while Ethereum sales drop 41% Courtyard leads collections with $14.7M sales, CryptoPunks plunge 59% As per CryptoSlam data, despite the sales decline, market participation has continued to expand. NFT buyers have grown by 25.74% to 450,096, and NFT sellers have risen by 25.91% to 321,107. NFT transactions have increased by 6.26% to 1,652,284. The market…

NFTAug 23

South Korea’s Wemade Faces Crucial $7.1M Payment Order

South Korean blockchain game developer Wemade is now facing a significant legal obligation. A recent court ruling mandates the company to pay a substantial sum for WEMIX compensation to its former and current employees. This development sends a clear message across the crypto industry regarding employee agreements and digital asset promises. What’s Behind the WEMIX Compensation Ruling? The Seoul Central District Court delivered a partial victory to a group of plaintiffs on August 22. This civil lawsuit targeted Wemade, ordering the company to pay a total of 9.9 billion won, which translates to approximately $7.1 million USD. This ruling stems…

LegalAug 23

Why It’s Falling Behind in the Global Bitcoin Race

While the UK government has expressed a desire to be a global hub for digital assets, reality tells a different story. The British crypto community is sounding the alarm, arguing that the country is falling behind in the global Bitcoin race. Experts from crypto organizations across the UK told BeInCrypto that the country’s cautious approach stifles innovation and drives businesses offshore. This continued environment will evaporate any competitive advantage the UK used to have in financial innovation. A Lagging Financial Hub The common consensus among the crypto community across the United Kingdom is that the legislative inertia in fostering a…

LegalAug 23

A “Regulate, Not Ban” Stance on Crypto Newly Emerges from India’s Parliament

India’s Parliamentary Standing Committee on Home Affairs has recommended that cryptocurrencies be regulated under a clear legal framework rather than being outlawed. This recommendation comes even as the committee’s own report detailed the alarming role of digital currencies in fraud, money laundering, and organized crime. The panel’s 254th report, which focuses on cybercrime, suggests that crypto should be formally recognized as “digital assets” under the Foreign Exchange Management Act (FEMA). This move would subject the entire industry to strict government oversight, including anti-money laundering (AML) and know-your-customer (KYC) norms. 🚨 BREAKING: 🇮🇳 Indian Parliament’s Home Affairs Committee calls for crypto…

LegalAug 23