Author: NBTC

Crypto ATM firm Athena Bitcoin’s proposed $4.5 million settlement over telemarketing texts will face its final review in federal court on Aug. 10. Judge Mark E. Walker will consider whether to approve the agreement, class counsel’s proposed fee and a representative award. The settlement remained pending at the reporting cutoff. The case alleges that Athena sent more than one promotional text within a 12-month period to certain recipients more than 30 days after they had sent a message consisting only of “STOP.” Athena has denied wrongdoing or any violation of the law, and the settlement does not constitute a court…

The UK’s Financial Conduct Authority (FCA) and the $HTX (formerly Huobi) exchange have started talks to settle a lawsuit that accuses the Justin Sun-backed platform of illegally marketing crypto to UK consumers, according to court filings on Thursday. $HTX lawsuit first of its kind The lawsuit that dragged $HTX to London’s High Court in October 2025 was something the FCA had never done before. The regulator was suing a crypto firm over how it marketed services to British consumers. The target of the lawsuit, $HTX, known as Huobi until a rebrand, ranks among the largest crypto exchanges in the world.…

Bitcoin Defends $63,500 Support Bitcoin oscillated between $63,300 and $64,300 on Tuesday amid reports that the U.S. Senate could vote on the CLARITY Act this week. Since reclaiming $63,000 shortly after midday on Aug. 3, the cryptocurrency has largely held above that key threshold. In fact, 24-hour data shows that save for two occasions when it tumbled to $63,300 (Aug. 3, 9 p.m. EDT) and $63,400 (Aug. 4, 6:30 a.m. EDT), bitcoin found support above $63,500. Initially, the cryptocurrency appeared to lose momentum after tapping $64,000. However, after rallying to $64,129 (10:20 a.m. EDT), each surge that followed saw it…

Ethereum is trading at $2,389 at the time of writing, up 2.73% on the day after opening at $2,326 and reaching $2,396. The intraday high has come within four dollars of $2,400, a level that has capped every rally since April. Ethereum price in USD The headline number understates what actually happened. $ETH has gone from roughly $1,900 to nearly $2,400 in three sessions. That is a move of about 25% on the week, and it delivered Ethereum’s largest single-day gain since May 2025. More to the point, $ETH is not simply following Bitcoin higher. It is running ahead of…

Why Ripple Swell 2026 Will Be Different As Ripple Swell 2026 moves closer, Ripple shared on July 10 that early bird pricing for the event will soon expire while continuing to promote a broader gathering than it has hosted in previous years. The event will take place from Oct. 27 through Oct. 29 at The Shed in Manhattan. It is designed to connect traditional financial institutions with developers and organizations working across the onchain economy. “Join financial leaders, builders, developers, and the $XRP community in NYC this October to explore the intersection of traditional finance and the onchain economy.” Swell…

South Korean prosecutors have indicted seven individuals in connection with a cryptocurrency investment scam that allegedly defrauded 436 people of approximately 40.9 billion won (about $29.5 million). The group, which operated under the guise of a volunteer organization called the Brilliance Team, is accused of luring victims into fraudulent virtual asset investments between November 2024 and April 2025. Indictment and Charges The Anyang branch of the Suwon District Prosecutors’ Office on July 24 charged the seven suspects, including a Chinese national in his 50s identified by the surname Kim, who is believed to be the ringleader, along with six South…

Garrett Jin, the founder of cryptocurrency exchange BitForex, has opened a substantial Bitcoin long position valued at approximately $100 million, according to blockchain intelligence firm Arkham. The position was entered at an average price of $76,117 per Bitcoin and is currently facing an unrealized loss of around $16 million. Jin has also paid roughly $1.2 million in funding fees, underscoring the high cost of maintaining such a leveraged trade. Background: Insider Trading Accusations The move comes amid ongoing scrutiny of Jin’s involvement in trading activities linked to BitForex. Last October, the exchange experienced the largest forced liquidation event in its…

BIP-110 is approaching its first consequential activation boundary. The proposal enters mandatory signaling at block 961,632, currently projected around August 9, 2026. It locks in no later than block 963,648, roughly in late August, and activates its new transaction rules at block 965,664, currently projected for early September. BIP-110 uses a 55% signaling threshold and would enforce its restrictions for 52,416 blocks, approximately one year. Bitcoin resolves consensus changes through coordination among miners, users, and nodes (note that anyone can be any combination of these three things). Miners choose which valid chain to extend. Users decide which chain’s coins, deposits,…

Ether is trading near $2,375, up more than 20% over the past week, after a U.S. Treasury debt-buyback expansion and a new SEC crypto-token proposal. U.S. spot ether ETFs pulled in roughly $189 million on Aug. 19 alone, their strongest single day since October, snapping weeks of outflows. BitMine Immersion Technologies, which holds 4.8% of all ether, has cut its own weekly purchases to a fraction of its spring pace even as its chairman publicly cheered the rally. Ether climbed more than 20% over the past week to trade near $2,375 on Friday, after the U.S. Treasury Department moved to…

After warning the community a couple of weeks ago about potential issues around the $LAB token, popular blockchain investigator ZachXBT claimed now that wallets funded by its creators dumped millions of coins. This has only worsened the overall state of $LAB, which has plummeted to a new low by erasing 97% of its value in days. Recall that $LAB was once (and briefly) the rockstar of the ongoing bear cycle. It defied the overall market sluggishness and bearishness, posting some impressive gains. It even entered the top 20 alts by market cap after continuous double- and triple-digit increases. Its all-time…