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.

JD.com’s Pivotal Move Unlocks New Digital Frontier

The digital asset landscape in Asia is buzzing with significant developments. A major player is making waves, with Chinese e-commerce giant JD.com signaling its serious intent in the cryptocurrency space. Specifically, JD Chain, the blockchain arm of JD.com, is actively preparing for a Hong Kong stablecoin license application. This strategic move could reshape the future of digital finance in the region. What Does JD.com’s Stablecoin Pursuit Mean? This strategic step by JD Chain confirms reports from JinSe Finance, citing National Business Daily. It highlights a growing trend where established tech companies explore blockchain technology beyond traditional applications. The focus on…

RegulationAug 5

Bitsonic CEO imprisoned a second time for over $70k fraud charge – how far does his crime go?

The CEO of South Korean exchange Bitsonic, Shin Jinwook, has received an extension to his seven-year prison sentence after authorities found evidence of fraud amounting to at least 100 million won or $72,000. Summary Bitsonic CEO Shin Jinwook was sentenced to six months in prison on top of his initial seven-year sentencing from 2023. Exchange executives fooled investors and defrauded customers by manipulating the price of its native token, BSC. On August 5, Judge Seong Gi-jun of the 1st Criminal Division of the Western Branch of the Daegu District Court sentenced Shin, who was indicted on charges of fraud that…

LegalAug 5

Core Scientific investors expected to resist CoreWeave’s merger bid

Core Scientific shareholders are reportedly pushing back against CoreWeave’s terms in its proposed acquisition of the company. They argued that the $9 billion deal undervalues the company and would leave them short-changed. The Financial Times reported Tuesday, citing people familiar with the matter, that some of the shareholders want to vote against the acquisition unless there are future changes in the terms. The report revealed that the shareholders’ vote for the deal has not been scheduled but is expected to take place this fall. CORZ aims to maximize shareholder value Former Attorney General of Louisiana Charles Foti and the law…

MiningAug 5

Pipe Network Launches Firestarter Storage as Decentralized Cloud Alternative on Solana

Permissionless Labs, developers of Pipe Network, have launched Pipe Firestarter Storage. This new feature expands the network into a full-stack cloud platform, positioning it as a decentralized alternative to services like Cloudflare’s R2 and content delivery network (CDN) tools. Firestarter Storage was previously used internally to host Solana’s full PoH archival data and snapshots of its ledger. With its public launch, developers can now use this tool to store and deliver data directly through the Pipe Network. The goal is to provide faster and cheaper performance by using decentralized infrastructure instead of relying on centralized providers. The new storage layer…

BlockchainAug 5

Nasdaq, S&P 500 eye gains as stocks rebound

Wall Street opened higher on Tuesday as stocks looked to extend the positive start to the week, with earnings in focus as investors continued to monitor the macroeconomic environment. Summary S&P 500 and Nasdaq opened a little changed, while Dow Jones Industrial Average added 90 points as stocks looked to bounce higher. Earnings, tariffs and interest rates remain key factors across the market. The S&P 500 had added 0.1% and Nasdaq Composite was edging up as the leading U.S. indexes looked to bounce. Meanwhile, the Dow Jones Industrial Average added about 90 points to extend the notable rebound seen on…

RegulationAug 5

Nigeria Calls for Action After $2.1B in Crypto Fraud Hits West Africa

Nigeria's top securities regulator has sounded the alarm over a major rise in shady cryptocurrency transactions in West Africa—amounting to over $2.1 billion in 2024 alone. According to Business Insider Africa, this warning comes from Nigeria's Securities and Exchange Commission (SEC) following a report by the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA). Why Nigeria Is Concerned Speaking at the West Africa Compliance Summit in Cape Verde, SEC Director-General Emomotimi Agama highlighted the growing danger. He explained that criminals are misusing crypto tools—especially decentralized finance (DeFi) platforms and privacy coins—to commit fraud and fund illegal activity. These…

LegalAug 5

Impressive 467 BTC Production in July

BitFuFu, a prominent name in the cryptocurrency sector, recently made headlines with an exciting announcement. The company, known for its significant role as a Bitcoin (BTC) miner and mining services provider, revealed an impressive performance for July. This update highlights their consistent growth and strong position in the market. According to a press release distributed via GlobeNewswire, BitFuFu successfully mined a substantial 467 BTC during July. This achievement significantly boosted their total holdings, reaching an impressive 1,784 BTC as of July 31. This remarkable BitFuFu Bitcoin mining output underscores their operational efficiency and strategic focus. What Drives BitFuFu’s Bitcoin Mining…

MiningAug 5

AI bot ‘Clanker’ racks up $34M in swap fees launching Base memecoins

Clanker, a decentralized application (DApp) built around an artificial intelligence agent that creates memecoins based on prompts, has generated over $34.4 million in fees, according to blockchain data. According to the “Clanker Fees” Dune data dashboard, the liquidity pool fees earned by Clanker have reached $34,417,863. The daily fees peaked on Nov. 26, 2024, at $1.1 million earned in a single day. Clanker’s official website showed 355,179 live “clankers,” referring to tokens deployed through its AI agent. It also showed an ecosystem market cap of $172.3 million, and that $34.4 million of creator fees were earned through it. “Clanker is…

BlockchainAug 5

Noah and VelaFi Partner to Bring Real-time Stablecoin B2B Payments to Latin America and Beyond

VelaFi, Latin America’s leading provider of stablecoin-based financial infrastructure, and Noah, one of the world’s most established stablecoin-powered payment networks, announce a strategic partnership to expand access to virtual USD and EUR accounts with real-time stablecoin settlement. This alliance brings together two complementary forces in modern finance: VelaFi’s regulatory-grade infrastructure and regional leadership in Latin America, and Noah’s globally licensed stablecoin rails for virtual accounts, FX, and international payouts. Together, they are delivering a new standard in cross-border ya finance, compliant, efficient, and borderless payments for businesses navigating complex global markets. And the timing couldn’t be better. Stablecoins are surging,…

RegulationAug 5

August 6 LINQTO Hearing Isn’t About Ripple’s $18M XRP Sales

Attorney John Deaton recently shared an important update on X (formerly Twitter) about the ongoing LINQTO case. He said he’s asking the court to apply something called a “Constructive Trust” in the case related to the DIP Loan. This would help make sure that no one unfairly benefits and that any money or assets go to the people who rightfully deserve them. What’s Happening in the LINQTO Case? The main issue being discussed in court on August 6 is about moving the case from Texas to Delaware. This motion was filed by a shareholder group called Sapien Group, who wants…

LegalAug 5