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.

How Russia is using Kyrgyzstan’s crypto market to bypass sanctions: report

Has Russia turned Kyrgyzstan’s booming crypto market into a backdoor for moving funds? A new report sheds light on how Kyrgyz-registered exchanges are helping Russian networks evade sanctions. Summary TRM Labs says Kyrgyzstan-based crypto exchanges are helping Russian networks to reroute funds. Kyrgyzstan’s crypto industry is thriving with billions in transactions, but weak oversight leaves it vulnerable to misuse. The Russian ruble-backed stablecoin A7A5 and shell VASPs tied to sanctioned groups are at the center of this growing sanctions evasion network. According to TRM Labs, Kyrgyzstan’s crypto industry has exploded from near-zero to billions in activity since passing its “On…

ExchangesJul 24

Bitcon Core devs finally patch 5-year old disk fill bug

Bitcoin Core developers have been trying to squash a cockroach of a bug that has bothered full node operators since 2020. This month, it seems like they might have finally exterminated the pesky disk fill attack once and for all. The disk fill attack physically annoys the machines that operate full nodes. Attackers use commands like LogPrintf, LogInfo, LogWarning, or LogError to force the hard drives of victims to excessively write superfluous data to disk. Especially for cheap or older nodes that use non-flash storage with a spinning disk, this excessive logging overwhelms their hard drives, filling it with pointless…

BitcoinJul 24

Huge Ethereum (ETH) Withdrawals Are Taking Place – CEO Reveals the Identity of the Whale Behind Them

A total of $1.7 billion worth of Ethereum (ETH) withdrawals from decentralized finance (DeFi) protocol Aave in the past week have caused significant market volatility. This move by giant investors significantly reduced liquidity on the platform, briefly pushing borrowing rates above 10%. While this increase meant short-term gains for users who deposited their Ethereum to lend on Aave, it turned into a full-blown crisis for investors who implemented strategies to increase their Ethereum staking returns, called “looping.” Looping investors were earning profits by reinvesting Ethereum they had borrowed at low interest rates. However, a sudden increase in interest rates made…

DeFiJul 24

Staked Ethereum withdrawals face longest delay in over a year

Ethereum validators are experiencing the longest wait times in over a year to withdraw their staked ETH, as growing demand for staking collides with the network’s built-in exit limitations. According to data from ValidatorQueue.com, validators seeking to exit the Ethereum network must now wait approximately 8 days and 6 hours to complete the process, marking the highest delay since early 2023. At the same time, the queue to join the network as a new validator has also surged, with a wait time of around 6 days and 10 hours, the longest since April 2024. The widening gap between entry and…

EthereumJul 24

UK Commits to Enabling DLT, Tokenization Work in its Wholesale Strategy

The U.K. government on Tuesday said it intends to enable the wholesale market to identify the best distributed ledger technology (DLT) use cases as well as roll out tokenization solutions. The country wants DLT - the blockchain technology that underpins crypto - to be utilized across different sectors in wholesale financial markets and create cross market groups "to take forward live activity," the country's Treasury said in a policy paper. A part of the plan includes creating a regulatory framework for crypto technology, something which is already underway as the nation sets out to be a crypto hub. The U.K.…

MarketsJul 24

Sen. Lummis slams Fed Chair Powell over his role in Operation Chokepoint 2.0

Bitcoin reserve advocate Sen. Cynthia Lummis provided critical comments on Jerome Powell’s role in Operation Chokepoint 2.0. Additionally, she echoed Rep. Anna Luna’s allegations concerning Powell’s perjury. Is that a new turn in Donald Trump’s war on Powell? Summary Sen. Cynthia Lummis stated the Fed Chairman Jerome Powell mismanaged Operation Chokepoint 2.0 Lummis supported Rep. Anna Paulina Luna’s perjury allegations, which some see as lawfare against the Fed Chair Pressure on Powell continues as President Trump threatens to fire him for not cutting interest rates Table of Contents Sen. Lummis’ criticism of Powell Operation Chokepoint 2.0 and Powell’s role in…

RegulationJul 24

One of the Largest Banks in the US Announces Its Move into Cryptocurrency

PNC Bank, one of America's leading financial institutions, is preparing to offer cryptocurrency buying, selling and custody services to its customers by collaborating with cryptocurrency exchange Coinbase. In a joint statement on Tuesday, it was stated that PNC will build its own crypto transaction infrastructure using Coinbase's enterprise “crypto-as-a-service” (CaaS) platform. The Pittsburgh-based bank will allow its customers to buy, sell, and securely store Bitcoin and other digital assets. PNC will also provide certain banking services to Coinbase, further enhancing their mutual partnership. This strategic partnership between PNC and Coinbase is seen as a significant shift in the traditional banking…

ExchangesJul 24

Cango finalizes pivot to a Bitcoin mining company

Cango Inc., a publicly traded company listed on the New York Stock Exchange, has completed its transformation into a Bitcoin miner. Summary Cango Inc., founded in 2010 in China, is listed on the NYSE. The company previously operated an automotive business, but announced a pivot to Bitcoin mining in November 2024. Cango holds over 4,000 BTC and has a fleet capacity of 50 exahashes per second. Cango, a Chinese firm listed in the United States that announced plans to pivot into a Bitcoin (BTC) mining company in November 2024, has confirmed it is now fully transitioned. The company announced its…

MiningJul 24

Bless Network and Space and Time Partner to Run Verifiable AI Agents on Edge Devices

Bless Network, a decentralized computing network, has integrated with Space and Time, a blockchain-based SQL database that uses zero-knowledge proofs. This partnership enables AI agents to run directly on user devices and verify their actions using data that is cryptographically proven to be accurate. The goal is to solve a key problem in AI development — how to ensure that automated agents make decisions based on reliable information. Instead of relying on central servers or cloud services, the system uses zero-knowledge proofs to confirm that the data AI agents use has not been changed or manipulated. These AI agents can…

BlockchainJul 24

Bitcoin Price Poised to Rally to $150K by October, Says Cooper Research

Bitcoin could surge to a price of $150,000 before the year's end, according to a new report from Cooper Research. The research firm predicts the world's oldest cryptocurrency could hit a price of $140,000 in September, sailing to $150,000 as soon as early October, the Friday shows. Its ascent “seems inevitable” as investors pour massive amounts of funds into Bitcoin exchange-traded funds, according to the analysts. “Across a range of data metrics, Bitcoin appears primed for another significant leg upward,” the analysts wrote. Cooper researchers’ earlier findings that Bitcoin markets could begin to overheat between the $140,000 and $200,000 range…

BitcoinJul 24