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.

State Duma deputies suggest legalizing crypto exchange in Russia

A group of Russian lawmakers has called on their central bank to facilitate the establishment of legal crypto trading platforms in the country. The move is challenging the monetary authority’s longstanding position against providing ordinary Russians free access to cryptocurrencies. State Duma deputies suggest legalizing crypto exchange in Russia Several members of the State Duma, the lower house of parliament, appealed to the Central Bank of Russia (CBR) to permit the launch of licensed offices for cryptocurrency exchange. Anton Tkachev, Yaroslav Samylin, and Georgy Arapov, representatives of the liberal “New People” party, have addressed their proposal to the head of…

LegalAug 23

Head of IRS Crypto Work Exits as U.S. Tax Changes Loom For Digital Assets

The head of the U.S. Internal Revenue Service's digital assets unit, Trish Turner, is leaving her post for the private sector just as new tax policies are set to potentially bring in a wave of crypto work for the agency. As she departs, it's unclear who will be running the office that's been leading the tax agency's crypto work as a major shift in U.S. digital assets taxation is on the horizon. Turner's exit comes after the IRS set several new rules and forms in motion to direct taxation requirements for individual crypto investors and their brokers. And the departure…

LegalAug 23

Ripple CEO Reacts to Fed Governors Embracing Crypto

Ripple CEO Brad Garlinghouse has commented on how rapidly attitudes toward crypto have changed over the past year, describing such a drastic shift as "a new dawn." Garlinghouse claims that discussions at this year's SALT 2025 investment conference feel very dramatically different, with regulators and policymakers being more open to the nascent asset class. While many attendees at SALT have been in crypto for a long time, the change in tone (on-stage, 1-1 convos) from even a year ago is dramatic and very palpable. I don’t think many of us had “multiple Fed governors publicly embracing crypto technology” on our…

LegalAug 23

US court grants brief stay in Coinbase lawsuit involving biometric data

An Illinois judge has granted a motion to stay proceedings in a lawsuit against cryptocurrency exchange Coinbase pending a ruling in the appellate court. In a Thursday filing in the US District Court for the Northern District of Illinois Eastern Division, Judge Sharon Johnson Coleman granted a motion filed by Coinbase to stay a lawsuit involving alleged violations of the state’s Biometric Information Privacy Act. The motion requested waiting for a ruling from the US Court of Appeals for the Seventh Circuit, which is considering a case involving Nuance Communications supplying voice identification technology to Charles Schwab — a decision…

LegalAug 23

SEC Ramps up Crypto Outreach With New Events Built to Capture Unheard Input

The SEC’s nationwide crypto roadshow is igniting unprecedented regulatory engagement, spotlighting grassroots innovators and signaling a potential shift toward inclusive, collaborative policymaking for digital assets. SEC’s Crypto Task Force Roadshow Kicks off, Targeting Grassroots Innovation The U.S. Securities and Exchange Commission (SEC) shared on social media platform X on Aug. 22 that its Crypto Task Force has already begun a nationwide series of events which it called “Crypto Task Force: On the Road.” The SEC explained: The SEC’s Crypto Task Force is hitting the road and hosting a series of roundtables across the country to provide opportunities for additional stakeholders…

LegalAug 23

Could Ethereum Really Flip Bitcoin Within a Year?

Bitcoin’s reign at the top of the crypto market is facing its biggest challenge yet. Ethereum’s recent surge in strength has reignited debates about whether it can overtake BTC in market cap, a moment traders call the flippening. With momentum shifting and investor sentiment leaning bullish, the stage is set for a potential power shift in the months ahead. ETH vs BTC: thereum Could Surpass Bitcoin in Just 12 Months? Ethereum’s rally is picking up pace, and it’s starting to turn heads. In a recent CNBC interview, co-founder Joseph Lubin said ETH could overtake Bitcoin in market capitalization within the…

EthereumAug 23

Japan Prepares Large Scale Amend of Crypto Policies

Japan’s Financial Services Agency (FSA) is preparing sweeping changes to its digital asset framework. The changes, which combine tax reforms and regulatory upgrades, could introduce exchange-traded funds (ETFs) tied to cryptocurrencies. The initiative signals Japan’s intent to integrate crypto into mainstream finance and attract broader investment. Tax Burden Under Review The reform package, reported domestically, includes two key parts. First, it consists of revising the tax code that would move crypto from comprehensive taxation to the same category as equities. Second, it includes a legal amendment reclassifying crypto as a financial product, enabling the FSA to apply insider-trading rules, disclosure…

LegalAug 23

BitMine's ETH Holdings Near $5B After Latest Purchase; BMNR Tops Big Names in Trading Volume

BitMine Immersion Technology (BMNR), the bitcoin miner turned ether (ETH) treasury under Fundstrat's Tom Lee's leadership, said it added roughly $2 billion of tokens over the past week, bringing total holdings to near $5 billion. Bitmine's ETH stash exceeded 1.15 million tokens as of Sunday evening, up from 833,137 the week before. BMNR shares were up over 10% pre-market at $57, extending Friday's almost 25% advance. The firm added that its stock has become one of the most traded in the U.S. market averaging $2.2 billion in daily trading volume last week. That ranks BMNR 25th among U.S.-listed firms, topping…

EthereumAug 23

Tom Lee’s Ethereum treasury BitMine tops 1 million ETH worth nearly $5 billion

Key Takeaways BitMine Immersion Technologies holds over 1 million ETH, making it the largest ETH treasury in the world. BitMine rapidly grew its ETH holdings by $2 billion in one week and aims to acquire 5% of all ETH. BitMine Immersion Technologies, the largest corporate holder of Ethereum, said Monday it now holds over 1 million ETH valued at nearly $5 billion. That’s an increase of 317,126 tokens, worth around $2 billion, from over 833,000 ETH it disclosed last Monday. With this boost, BitMine strengthens its lead as the top Ethereum treasury by holdings. The firm has been on an…

EthereumAug 23

Coinbase Is Becoming a Major Ethereum-Focused Player, Bernstein Says

As Ethereum continues to power an expanding ecosystem, crypto exchange Coinbase (COIN) stands out as one of the leading public companies aligned with the blockchain, Wall Street broker Bernstein said in a research report Monday. The network's native token ether (ETH) has rallied 80% since June 5, the report noted, catalyzed by Circle’s (CRCL) listing and the market’s realization that most stablecoins are minted on the Ethereum network. Coinbase operates one of the largest Layer 2 chains on Ethereum, Base, which processes more than 9 million transactions daily, encompassing stablecoins, trading, financial applications, and consumer-facing services, analysts led by Gautam…

EthereumAug 23