Author: NBTC
Tether, the first and largest stablecoin issuer of USDT, is stepping up its Washington presence after a record profit report and the signing of the first U.S. law regulating payment stablecoins. Paolo Ardoino, CEO of Tether, and Bo Hines, former White House Crypto Council Executive Director and Tether’s new Strategic Advisor for Digital Assets and U.S. Strategy, discussed the latest on their U.S. stablecoin strategy with me. Tether, launched in 2014, has grown into one of the dominant players in the digital asset market. The company reported $4.9 billion in profit in the second quarter of 2025, underscoring its position…
The Ethereum price today is consolidating at $4,270, down 4.5% from its recent peak near $4,480. The move comes after a strong July-August rally that pushed ETH from $3,000 into a new yearly high. Sellers are now testing whether bulls can hold above $4,200, a level that aligns with both short-term liquidity zones and EMA support clusters. Ethereum Price Forecast Table: August 19, 2025 What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) On the daily chart, ETH recently tapped a weak high near $4,480 before retracing toward $4,270. The price structure remains bullish on higher timeframes, but short-term…
Last month was a month filled with significant developments for the cryptocurrency market. The most significant of these was undoubtedly the passage of the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins), which regulates tablecoins. The GENIUS law, which went through the necessary stages, finally came before US President Donald Trump and was signed into law by Trump. While the approval of the GENIUS law is welcomed, it is stated that the stablecoin market will experience incredible growth and reach trillions of dollars. At this point, South Korean investment bank iM Securities said that they expect stablecoins to…
India is intensifying tax enforcement on past crypto transactions, issuing official notices that demand detailed disclosures and warn of penalties for previously undeclared digital assets. India Ramps up Tax Enforcement on Past Crypto Deals and Undeclared Assets India’s tightening tax scrutiny has placed crypto investors under the spotlight as regulators expand enforcement on undisclosed digital asset activity. Koinx, a leading crypto tax software provider, stated on social media platform X on Aug. 25 that the Income Tax Department has begun issuing notices to individuals who failed to disclose earlier virtual digital asset transactions. The firm warned investors: Think your old…
Ethereum price started a downside correction below the $4,650 zone. ETH is showing some bearish signs and might decline toward the $4,180 support zone. Ethereum started a fresh decline below the $4,650 and $4,620 levels. The price is trading below $4,500 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $4,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $4,250 zone in the near term. Ethereum Price Dips Further Ethereum price failed to accelerate higher above the $4,750 zone,…
Gemini’s long-awaited IPO filing drew fresh attention to payments giant Ripple, with the exchange disclosing a $75 million credit line from the company alongside a steep financial loss. In documents submitted to the U.S. Securities and Exchange Commission (SEC) on Aug. 15, Gemini revealed a $282.5 million net loss for the first half, an almost seven-fold increase from the $41.4 million shortfall a year earlier. Revenue fell to $67.9 million from $74.3 million. The filing puts Gemini, which plans to use the ticker “GEMI” on Nasdaq, in line to become the third crypto exchange to trade publicly in the U.S.…
Russia’s monetary authority is going to impose new requirements for crypto-related operations to allegedly reduce the risks for banks involved in their processing. The regulator has already informed dozens of concerned institutions about the planned regulatory changes, urging them to treat such transactions conservatively in the meantime. Bank of Russia to regulate crypto-linked bank operations The Central Bank of Russia (CBR) intends to adopt specific rules to guide banking organizations working with digital assets, the official TASS news agency reported. These are necessary to minimize risks for commercial banks and their customers stemming from crypto operations, the authority argued, also…
Ethereum is currently trading in the vicinity of the 4100 USD price range which is an area noted by Chris Weston as a historic breakout mark during the highs of December. His chart has an ascending tendency yet indicates the region of pullback, which occurs between 4100 4200. In the past these levels provide resistance. A report published in Journal of Financial Economics, 2023 confirmed the results that resistance zones in crypto are likely to cause profit taking. However, the robust surge of Ethereum to levels above 4000 in September reveals a positive trend and Weston advises the traders to…
A significant shift is underway in the traditional financial world. The Royal Bank of Canada (RBC) has made a notable move, substantially increasing its RBC crypto investment. This development highlights a growing trend among major financial institutions embracing digital assets. It’s a clear signal of evolving perspectives on the future of finance. Royal Bank of Canada’s Astounding 16% Surge in Bitcoin Holdings In a move that has captured attention, the Royal Bank of Canada significantly boosted its holdings in Strategy shares. During the second quarter, RBC’s stake rose by approximately 16%. This increase took their total shares from 162,909 in…
Japan’s Financial Services Agency (FSA) has disclosed the outline of its 2026 tax reform request, which includes proposals to revise cryptocurrency taxation and expand the Nippon Individual Savings Account (NISA) framework. According to Kyodo News, the FSA’s reform request includes reviewing tax rules for cryptocurrency trading, such as Bitcoin. FSA Proposes Revisions to Cryptocurrency Taxation Individual crypto gains are subject to comprehensive taxation, which combines profits with salary income and potentially reaches a maximum tax rate of 55%. The FSA and industry associations are advocating for the introduction of separate self-assessed taxation, or “declaration-based capital gains tax,” which would apply…