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.

Tornado Cash developer conviction raises alarm for open-source devs

Yesterday’s partial verdict in U.S. v. Roman Storm is about more than the fate of one Tornado Cash developer. It dampens hopes of giving DeFi protocols greater access to the US market by sending chills through the entire open‑source community. Storm was found guilty under 18 U.S.C. § 1960(b)(1)(C), which treats noncustodial code as “money transmitting” and thus a criminal offense, if it’s used by anyone for illicit purposes. In the words of Ethereum core developer Preston van Loon: “This is a dark day for crypto and [Roman Storm].” Sketchy legal foundations At issue in rendering a verdict was how…

LegalAug 9

Binance Alpha Unveils Exciting Baby Shark Universe (BSU) Listing on August 9

Get ready for some exciting news in the crypto world! Binance Alpha, the dedicated on-chain trading platform within Binance Wallet, is set to add the Baby Shark Universe (BSU) token on August 9. This highly anticipated listing focuses on bringing promising, early-stage crypto projects to a wider audience, and it includes a special treat for eligible users: exclusive token airdrops! What is Binance Alpha and Why is This Listing Significant? Binance Alpha is not just another trading platform; it is a specialized hub within the Binance ecosystem. It focuses specifically on discovering and featuring early-stage crypto projects, providing them with…

ExchangesAug 9

Tether beats South Korea as one of the largest U.S. treasury bond holder

Stablecoin issuer Tether has surpassed South Korea in the number of U.S. treasury bond holders after it issued more assets with total exposure to U.S. Treasuries. How much U.S. debt does the firm hold? Summary Tether’s U.S. Treasury reserves surpass South Korea, Germany and United Arab Emirates. Tether continues to generate net profit, reaching $4.9 billion in Q2 2025 alone. According to data from analysis firm Messari, the Paolo Ardoino-led company has climbed the ranks and surpassed three sovereign states in the number of U.S. treasury bonds it holds. On August 1, the firm was able to surpass South Korea,…

RegulationAug 9

Declares Donald Trump Has Kept His Promise

The White House announced that President Donald Trump has kept his campaign promise to “make the future of crypto American.” In the statement, it was argued that President Trump has taken important steps regarding both cryptocurrency regulations and artificial intelligence policies. In a speech on May 26, 2024, Trump promised, “I will stop Joe Biden's campaign to crush crypto. The future of crypto and Bitcoin will be shaped in the United States.” According to the White House, this promise was implemented with the GENIUS Act. The law established a comprehensive regulatory framework for the stablecoin market and aimed to maintain…

LegalAug 9

Binance grants Spanish bank BBVA crypto custody rights to prevent ‘FTX 2.0’: report

Inside sources say Binance is working with Spanish bank BBVA to keep crypto assets off exchanges, allowing customers to store digital assets in the bank instead of the platform. According to a recent report by the Financial Times, the major crypto exchange has tapped Spain’s third largest bank, Banco Bilbao Vizcaya Argentaria or BBVA, as one of a handful of trusted independent custodians, according to people familiar with the deal. The arrangement means that traders’ funds will be stored on the Spanish bank in U.S. Treasuries, which Binance then accepts as margin for trades on the exchange. The move comes…

ExchangesAug 9

Canaan Exits Kazakhstan and South Texas Sites Amid Bitcoin Mining Fleet Reshuffle

Canaan has withdrawn from two of its bitcoin mining locations—Kazakhstan and an underperforming hosting site in South Texas—as part of a shift to optimize its operations. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies. The China-based miner manufacturer mined 89 BTC in July, according to its latest production update. This translated to a realized hashrate of 5.56 EH/s, down from 6.67 EH/s in May and 5.82 EH/s in June. The decline was primarily due to Canaan’s planned exit from Kazakhstan and the early…

MiningAug 9

Ethereum Hits $3.8K After Reclaiming Trendline That Signals $4K Push

Ethereum failed 3 times at $4K but now shows signs of a possible move higher after touching support. The chart shows ETH bouncing from a key green zone, which could be the missing step before a breakout. Traders now watch ETH closely at $3.8K, as historical behavior suggests $4K could be passed this time. Ethereum (ETH) is approaching the $4,000 resistance level after reclaiming a major trendline, based on analysis from Benjamin Cowen. The crypto asset had previously failed to break past this psychological level on three separate occasions. But Cowen’s annotated chart suggests the narrative could now shift as…

EthereumAug 9

Indonesia’s crypto tax revenue surges to $36.4m ahead of 0.1% to 0.8% raise

Indonesia’s crypto tax revenue continues to rise, reaching as high as $36.40 million yearly. The government is preparing to hike up the tax rate for crypto transactions this month. According to data from the Directorate General of Taxes reported by local media outlet Tirto, Indonesia’s cryptocurrency tax revenue managed to reach between Rp500 billion ($31.25 million) to Rp600 billion ($36.40 million) on a yearly basis. Compared to the first time the nation began collection tax from crypto revenue back in 2022, this number has more than doubled from just $15 billion in a year. Although the amount of crypto tax…

RegulationAug 9

SEC staff liquid-staking guidance leaves regulatory questions, could be contested

The US Securities and Exchange Commission’s latest comments on liquid staking have sparked a mix of optimism and concern, highlighting the regulatory gray area surrounding one of crypto’s fastest-growing sectors. While some in the industry see the nonbinding guidance as a step forward for institutional and retail adoption, others warn it leaves key legal questions unresolved and could face challenges down the line. “First, these guidelines are not law… and they could be contested at some point,” Scott Gralnick, head of institutional staking at Marinade, told Cointelegraph. “The industry needs to continue to work together to forge positive regulatory outcomes.…

LegalAug 9

PreStocksFi launches tokenized pre-IPO stocks on Solana via Jupiter

PreStocksFi has launched tokenized pre-IPO stocks on Jupiter, allowing traders to access and trade shares of top private companies like SpaceX, OpenAI, and Neuralink. Summary PreStocksFi launched tokenized pre-IPO stocks for trading on Jupiter, democratizing pre-IPO investing. Traders can benefit from zero slippage during the liquidity bootstrapping phase (while supplies last). Companies available for trade include top names like SpaceX, OpenAI, Neuralink, Kraken, Discord, Epic Games, and more. Tokenized pre-IPO stocks from PreStocksFi are now live and available for trading 24/7 via Solana’s #1 DEX aggregator Jupiter (JUP), bringing liquidity and transparency to a market that has historically been difficult…

ExchangesAug 9