Author: NBTC

Pro-bitcoin Senator Cynthia Lummis has said that bipartisan work is going into the crypto Clarity Act but warned that some lawmakers are still making unreasonable demands. The Republican, speaking to Fox Business Wednesday, said that she had been working with Democratic lawmakers into the night to get the bill over the line. But she said that some Democrats were still dragging their feet on the bill. Lawmakers are pushing to get a vote on the crypto market structure bill before the Senate goes to recess. JUST IN: Senator Cynthia Lummis says “I believe we will get a vote on the…

SBI Holdings, a major Japanese financial conglomerate and a key partner of Ripple in Asia, has finalized the acquisition of Bitbank, one of Japan’s largest cryptocurrency exchanges, for 46.7 billion yen, equivalent to approximately $289 million. Acquisition strengthens SBI’s crypto portfolio SBI Holdings is headquartered in Tokyo and operates across various financial services, including securities, banking, and insurance. This purchase ranks among the largest-ever crypto acquisitions in Japan and is set to position SBI as the country’s leading digital asset provider by total assets under management. The transaction will take place in stages. Initially, an SBI subsidiary will acquire shares…

You can prove you are over 18 without revealing your birthday. You can prove you have enough money for a transaction without revealing your balance. You can prove a computation was performed correctly without revealing the inputs. Zero-knowledge proofs make all of this possible, and they are quietly becoming the most important cryptographic primitive in blockchain since the hash function. Most introductions to zero-knowledge proofs start with the Ali Baba cave analogy, where someone proves they know the secret word to open a door by consistently exiting from the side a verifier requests, without ever revealing the word. The analogy…

In a significant on-chain move, an anonymous Bitcoin whale has transferred 1,274 BTC — valued at approximately $81.5 million — to major crypto trading firms Cumberland, FalconX, and Galaxy Digital over the past seven hours, according to blockchain tracking platform Lookonchain. Such transfers to OTC desks or prime brokers are often interpreted as a precursor to selling, as these institutions typically facilitate large block trades for institutional clients. What the Transfer Indicates When large amounts of Bitcoin move to firms like Cumberland, FalconX, or Galaxy Digital, market participants often view it as a sign that the holder intends to liquidate…

The controversy centered on Rentech, a little-known intermediary that appeared in contracts connected to Chinese market maker Web3Port. According to documents obtained by CoinDesk, Movement executives later questioned whether the foundation believed Rentech was affiliated with Web3Port when it was not. Rentech has denied any wrongdoing or misrepresentation. The fallout extended beyond Movement. Binance banned the market-making account involved in the token launch for what it described as misconduct, while Movement launched a token buyback program and hired outside firm Groom Lake to review the events surrounding the deal. Movement Labs and co-founder Rushi Manche separated in May 2025. More…

Crypto-backed PACs have helped several pro-crypto congressional candidates secure party nominations in Michigan and Washington after directing hundreds of thousands of dollars into this week’s U.S. primary races. According to the Associated Press election results and campaign finance data compiled by Tech Influence Watch, Republican Rep. Bill Huizenga won Michigan’s Republican primary, while Democratic Reps. Suzan DelBene, Kim Schrier and Marilyn Strickland, along with Republican Amanda McKinney, advanced from Washington after receiving support from political action committees affiliated with the crypto industry. Fairshake-backed candidates move closer to November elections Michigan’s 4th Congressional District delivered one of the latest victories for…

TRON has become one of the world’s largest stablecoin networks, yet users sending $USDT still needed to keep a separate balance of $TRX simply to pay transaction fees. MoonPay is removing that extra step. The payments company has integrated its Trade infrastructure with the TRON network, allowing users to complete transactions without holding $TRX for gas. Instead, network fees are automatically incorporated into the transaction, letting users pay with the assets they already own. The change arrives as TRON cements its position as one of crypto’s busiest payment networks. According to the company, the blockchain now processes more than $22…

Brazil’s biggest bank is taking another step into tokenized assets, adding to a growing list of the country’s financial heavyweights experimenting with putting traditional investments on blockchain rails. Itaú Unibanco has started working with digital-asset infrastructure provider OpenAssets on a tokenization pilot run by Brazilian Financial and Capital Markets Association ANBIMA, the companies said Tuesday. The project will test how fixed-income securities and investment funds can be issued, traded and settled using distributed-ledger technology, the firms said in a press release. The work will also examine the rules and technical standards needed for banks and asset managers to use such…

The minority chain mined two blocks in eight hours, then froze. With 99.85% of hashpower on the original chain, the Reduced Data Temporary Softfork is the most decisive governance rejection since SegWit2x. Its backers are now talking about replacing the miners entirely. Bitcoin’s latest governance crisis lasted about eight hours. On the morning of August 8, 2026, nodes running the BIP-110 soft fork rejected a block at height 961,632 that lacked the required signaling flag and began building an alternate chain. That chain produced exactly two blocks. Then it stopped. The main Bitcoin network kept moving at its usual ten…

A Historic Crash, Triggered by a Chip Shock The KOSPI’s July decline surpassed the single-month drops recorded during the 1997 Asian Financial Crisis and the 2008 Global Financial Crisis, making it the worst month in the index’s history. The rout deepened most recently starting July 28, when news that China had begun mass production of homegrown chipmaking tools sent the index down 10.8% in a single session, all while triggering multiple trading halts. Samsung Electronics and SK Hynix, the two stocks that had powered Korea’s AI-driven rally over the past year, absorbed the worst of it. SK Hynix’s earnings miss,…