Author: NBTC
In a major move shaking up the crypto world, Paxos acquires Fordefi for over $100 million, signaling strong growth in digital asset infrastructure. This acquisition highlights how established firms are expanding their services to meet rising demand for secure and innovative wallet solutions. If you’re invested in cryptocurrency trends, this deal could reshape how you interact with DeFi platforms, offering more integrated and user-friendly experiences. Let’s dive into what this means for the industry and your digital assets. Why Did Paxos Acquire Fordefi? Paxos, a trusted name in cryptocurrency payment infrastructure, made this strategic purchase to bolster its offerings in…
Key Takeaways The New York Times has filed a lawsuit against Perplexity AI for alleged copyright infringement. Perplexity AI uses retrieval augmented generation technology to aggregate answers from sources online, which publishers allege includes their copyrighted content. The New York Times has filed a lawsuit against Perplexity AI, an AI-powered search engine, alleging copyright infringement for unauthorized use of the newspaper’s content. The legal action accuses Perplexity of using the Times’ material without permission. Perplexity operates by generating answers through aggregating information from online sources using retrieval augmented generation technology. The company is facing multiple lawsuits from publishers over similar…
Deutsche Börse Group, a global exchange organization, has entered into a strategic partnership with the US crypto exchange Kraken with a mission of bridging traditional and digital markets. Kraken and Deutsche Börse are joining forces to create unified access across traditional and digital asset markets, according to a joint announcement on Thursday. The companies plan to improve institutional access to regulated crypto products, including spot trading, tokenized markets and derivatives, as well as enhanced liquidity for institutions across multiple jurisdictions. “Across our entire value this partnership will further enhance our support for institutional clients in the digital asset era and…
US attorneys representing the federal government have requested that a judge send Terraform Labs co-founder Do Kwon to prison for 12 years at his sentencing hearing next week. In a Thursday filing in the US District Court for the Southern District of New York, prosecutors asked that a judge sentence Kwon “to a term of twelve years’ imprisonment and finalize the forfeiture of his criminal proceeds.” The filing came about four months after the Terraform co-founder pleaded guilty to two counts of wire fraud and conspiracy to defraud. “In just a few years, Kwon caused losses that eclipsed those caused…
In a significant move that underscores the growing institutional confidence in blockchain technology, NYSE-listed C1 Fund has announced its latest crypto investments in Web3 developer platform Alchemy. This strategic partnership represents another milestone in the mainstream adoption of digital assets and blockchain infrastructure. Why Are Crypto Investments in Web3 Infrastructure Growing? The decision by C1 Fund to invest in Alchemy reflects a broader trend of institutional crypto investments flowing into foundational Web3 infrastructure. As more traditional financial players recognize the long-term potential of blockchain technology, they’re increasingly targeting companies that provide the building blocks for decentralized applications. Alchemy serves as…
The White House’s freshly unveiled National Security Strategy reads less like a traditional diplomatic blueprint and more like a call for global fiscal expansion. For the crypto market, addicted to the idea of rapid-fire interest rate reductions in the U.S. and worldwide, this seems to be a cold shower nobody ordered. The core of the strategy, signed by President Donald Trump, explicitly champions an “America First” agenda backed by significant economic and military reorientation both at home and abroad. Consider the directives: the strategy mandates that NATO allies raise defense spending to 5% of GDP, a hefty increase from its…
Komainu, an institutional service provider of digital assets, backed by Laser Digital and Blockstream, has become the first company licensed under Dubai’s Virtual Asset Regulatory Authority (VARA) to offer Collateral Wallet Services in the UAE. The license will allow Komainu to offer its full suite of collateral management services. Komainu, which already has a license with VARA since 2023, being the first VASP in Dubai to receive a license, has now extended this license to include collateral management, called Komainu Connect. In its first license, the company was able to offer crypto asset custodian services and offer custodial staking services.…
Major bank Standard Chartered announced fund manager 21Shares has selected it as its digital asset custodian, potentially moving away from a crypto-native partner. According to a Monday announcement from Standard Chartered shared with Cointelegraph, the bank will provide crypto custody services to 21Shares, which offers multiple exchange-traded crypto products. Margaret Harwood-Jones, the bank’s global head of financing and securities services, said the collaboration allows them to “to extend our expertise into the fast-evolving digital asset ecosystem.” However, 21Shares already had a crypto-native custody partner. In late June 2024, the fund manager partnered with crypto-native custodian Zodia Custody to hold its…
The lower house of Poland’s parliament failed to secure the required three-fifths majority to override President Karol Nawrocki’s veto of the Crypto-Asset Market Act, pushing the country further away from regulating its digital-asset sector at a moment when lawmakers argue that oversight is increasingly urgent. As Bloomberg reported Friday, the legislation — advanced by Prime Minister Donald Tusk’s government — was intended to align Poland with the European Union’s MiCA framework for crypto markets. The bill was introduced in June but did not survive the president’s veto. Nawrocki blocked the measure last week, arguing it would “threaten the freedoms of…
In a move that has excited the crypto-gaming community, Coinbase adds BEAM to its official listing roadmap. This announcement is more than just a routine update; it’s a significant endorsement for a cryptocurrency built from the ground up for gamers and creators. For investors and enthusiasts alike, this development opens a new chapter, potentially bridging the worlds of decentralized finance and interactive entertainment. What Does It Mean When Coinbase Adds BEAM to Its Roadmap? First, let’s clarify what a “listing roadmap” entails. This is not an immediate listing guarantee. Instead, it’s a public declaration of intent. Coinbase uses this process…