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.

BestChange restrictions lifted as popular crypto exchange aggregator returns to Russia

Russian authorities are unblocking BestChange’s website, a popular cryptocurrency exchange data provider in the Russian-speaking segment of the market. The decision, made by the Bank of Russia, comes a few months after regulators restricted access to the platform and forced BestChange to remove some features for Russian residents. Bank of Russia unblocks BestChange domains Online crypto exchange aggregator BestChange.ru will once again be available to Russian users, the site’s administrators announced, referring to a letter from the Central Bank of Russia (CBR), quoted by the business news outlet RBC. The move was recently initiated by the monetary authority’s Information Security…

LegalAug 9

$12B BSV delisting claim against Binance, Kraken hits UK Supreme Court

A £9 billion ($12 billion) legal claim against Binance, Kraken, and a number of other major crypto exchanges has reached the UK Supreme Court in the form of a request for permission to appeal. The appeal has been filed by BSV Claims Limited on behalf of Bitcoin Satoshi Vision (BSV) holders who allege that exchanges, including Binance, Kraken, Bittylicious, and ShapeShift colluded to delist the token in 2019. The claimants previously took their case to the Competition Appeal Tribunal in 2024, where they argued that, not only were they owed for BSV’s deprecating price, but that they also suffered a…

LegalAug 9

KuCoin TR Submits SPK License Application Amid Türkiye’s Crypto Regulation Drive

KuCoin TR underlines its commitment to providing smooth services for customers in Turkey by aligning itself with the transitional framework adopted by SPK. Since the debut of its localized platform in 2024, KuCoin TR has swiftly expanded to serve the thriving cryptocurrency community in Turkey. As Turkey continues to legalize its dynamic cryptocurrency ecosystem, this milestone puts KuCoin TR on the list of functioning organizations maintained by the SPK. KuCoin, a prominent cryptocurrency exchange operating on a global scale, is delighted to announce that itsTürkiye collaborative partner, KuCoin TR Kripto Varlık Alım Satım Platformu AŞ (also known as “KuCoin TR”),…

ExchangesAug 9

Nasdaq-Listed Cemtrex Unleashes Bold $10M Plan

In a surprising and significant move, Nasdaq-listed electronics manufacturer Cemtrex (CETX) has boldly announced a $10 million strategic corporate crypto investment plan. This announcement sends ripples through both the traditional finance and digital asset sectors, signaling a growing trend of established companies embracing the cryptocurrency space, often seen as volatile and cutting-edge. What Exactly is Cemtrex’s Bold Move in Corporate Crypto Investment? Cemtrex, a company with a long-standing presence in industrial and electronics solutions, has made a decisive step into the digital asset arena with a substantial commitment. This initial foray into cryptocurrencies involved a notable purchase of Solana (SOL),…

RegulationAug 9

Kraken adds PayPal as funding option for U.S. customers

Kraken has added PayPal as a funding option for U.S. users, enabling instant USD deposits with no bank details needed. The feature has seen over $1M in volume during an unpromoted soft launch. Summary U.S. customers can now fund Kraken accounts instantly via PayPal, using balances, linked bank accounts, or cards. The feature saw strong early demand, processing over $1M in deposits during its soft launch without promotion. Kraken is also among the exchanges now integrated into PayPal’s new “Pay with Crypto” system. Kraken has launched PayPal as a new funding method for its U.S. customers, allowing instant USD deposits…

ExchangesAug 9

ETH Going to $16K in This Cycle? Analyst Explains Why This Could happen

Ether (ETH) hovered near $3,800 on Thursday as increasingly bullish price targets circulated on crypto social media, including one analyst who outlined a case for $16,000 based on long-term technical setups and sustained institutional inflows. "Edward", a popular chart analyst on X, argued in a Thursday post that a five-digit ether price is now within reach, pointing to a “clean ascending triangle” formation on the monthly ETH chart. This structure, commonly seen as a pre-breakout pattern, mirrors technical conditions observed in 2020 — just before ether embarked on a 2,000% rally. In Edward’s view, a decisive breakout above $4,000 could…

EthereumAug 9

“If He Doesn’t Lower Interest Rates, the Fed Board of Governors Should Take Control”

US President Donald Trump has once again sharpened his criticism of Federal Reserve Chairman Jerome Powell. Trump, who called Powell a “stubborn fool” in his remarks, said interest rates needed to be lowered urgently and dramatically. “If Powell won’t cut rates, the Fed Board of Governors needs to take control,” he said. Trump's harsh statement, along with the actions and decisions he has taken in the last 24 hours, coincides with a very busy period for the US economy and foreign policy. Here are some of Trump's notable actions from the past 24 hours: Trump signed an executive order Thursday…

RegulationAug 9

EU banking regulator finalizes capital rules for banks holding Bitcoin, Ether

The European Banking Authority (EBA) has finalized rules requiring banks to hold significantly more capital against so-called “unbacked” cryptocurrencies like Bitcoin and Ether. In its final draft of regulatory technical standards released on Tuesday, the EBA said the rules aim to “address implementation aspects and will ensure harmonisation of the capital requirements on crypto-asset exposures by institutions across the EU.” The framework applies to European Union-based banks holding crypto assets on their balance sheets. According to the accompanying documentation, digital assets in group 2 (a and b) are subject to “a general 1,250%” risk weight. Group 2b refers to “other”…

LegalAug 9

502,765,027,348 SHIB Flooded World's Largest Crypto Exchange Just in July

Fresh proof-of-reserves data from Binance shows that users added another 502.76 billion Shiba Inu (SHIB) in July alone, taking total customer balances to 55.83 trillion tokens as of Aug. 1. That is a major increase from the 55.32 trillion SHIB recorded just one month earlier. The figures come directly from Binance's zk-SNARK–verified audit, offering a transparent and verifiable snapshot of asset growth on the world's largest crypto exchange. Binance matched the demand with 55.72 trillion SHIB in total reserves, split between 55.71 trillion on-platform and 1.58 trillion in third-party custody. The final SHIB reserve ratio was 100.71%, which shows that…

ExchangesAug 9

Limited pressure from unrealized profits spark talk of sustained ETH rally

Ethereum (ETH) is seeing lower unrealized gains during its latest rally, potentially helping it avoid selling pressure. ETH switched to accumulation, surpassing BTC with short-term demand in July. Ethereum recovered to levels not seen since March 2024, inching up toward the $4,000 level. However, the token is not weighed down by unrealized profits this time around. According to Glassnode data, ETH has much lower relative unrealized gains. In the past year, Ethereum whales were busy trading, trying to achieve a lower average price. During the latest rally, however, some of the purchases were made at a higher market price in…

EthereumAug 9