Author: NBTC
Global currency markets see significant shifts as the U.S. dollar experiences substantial decline, with euro gaining 13.5% and other major currencies making strong gains amid economic uncertainties. The U.S. dollar is set to close 2025 with its biggest annual drop since 2017, declining 9.5% against a basket of major currencies. Factors driving the downturn include potential Federal Reserve interest rate cuts, fiscal concerns, and ongoing political pressures from the Trump administration. The euro and British pound are poised for their strongest yearly gains in eight years, with the euro rising 13.5% and the pound surging 7.6%. Goldman Sachs strategists anticipate…
Ugandan politician and opposition leader Bobi Wine is encouraging his constituents to download Jack Dorsey’s decentralized peer-to-peer messaging service, Bitchat, in the lead-up to the country’s election, alleging the ruling party will try to cut off communication services. During the 2016 election, long-time Ugandan President Yoweri Museveni blocked internet and social media access for the entire population, citing security and safety concerns, and again in 2021, according to a report from the Pan-African Human Rights Defenders Network. Wine alleged in a X post on Tuesday that a similar action is on the agenda in the lead-up to the Uganda 2026…
Binance has suspended card-based withdrawals for users in Ukraine, according to a notice sent to customers this week. The changes took effect on Monday and include the temporary halt of direct withdrawals to bank cards issued by Visa and Mastercard, several local Ukrainian news outlets reported. A Binance spokesperson confirmed the news to Cointelegraph, adding that the “announcement regarding changes to payment methods applies exclusively to users from Ukraine who previously used Bifinity services.” On Dec. 15, Binance informed users that its fiat payment provider, Bifinity UAB, would stop offering services by the end of the month due to regulatory…
Prenetics Global, the supplement company backed by David Beckham, announced it has abandoned its Bitcoin accumulation strategy following volatility in the cryptocurrency markets. The Nasdaq-listed company raised $48 million in October to build a cryptocurrency treasury and grow its main consumer brand, IM8. However, less than three months later, company management decided to halt Bitcoin purchases. Prenetics Global announced that it will no longer pursue plans to purchase Bitcoin and will instead focus its resources entirely on the growth of the IM8 brand. Describing IM8 as “the fastest-growing nutritional supplement brand in industry history,” the company emphasized that its board…
Indian crypto traders are receiving tax notices as the government tightens crypto income monitoring. Notices under Section 133(6) already list crypto income and demand explanations, not confirmations. The tax department is tracking crypto trades through KYC exchanges, TDS, banks, and AIS data. Indian crypto traders are increasingly coming under the scanner as the Income Tax Department begins issuing tax notices related to crypto trading income. Over the past few weeks, several traders have reported receiving official tax notices, showing a stricter approach toward crypto compliance in India.So, what does this mean for Indian crypto traders? Is crypto trading becoming more…
Key Takeaways Lighter achieved a major milestone by reaching $200 billion in a 30-day trading volume, surpassing its rival, Hyperliquid. The trading volume highlight aligns with the launch of Lighter’s LIT utility token. Lighter, a DEX focused on perpetual futures trading, recorded roughly $200 billion in 30-day trading volume, surpassing Aster and Hyperliquid as activity accelerated around the launch of its LIT token, according to data from DefiLlama. Over the same period, Aster recorded about $173 billion in trading volume, while Hyperliquid saw roughly $165 billion. On a 7-day basis, Lighter also led with $29 billion, ahead of Hyperliquid and…
The crypto market as a whole ended 2025 with a net loss, down from a $3.5T to $3T valuation. The MSCI blockchain economy index outperformed, gaining over 37% in the past 12 months. In 2025, the MSCI blockchain economy index gained a net 37.03%, outperforming most narratives and major coins. The index is based on tech stocks, reflecting the overall gain of the sector. The MSCI blockchain economy index gained over 37% in 2025, boosted by the performance of NVDA, IREN, and HOOD, as well as the stability of other components. | Source: MSCI indexes. The MSCI blockchain economy index…
SEOUL, South Korea – December 2024 – South Korea’s Financial Intelligence Unit has delivered a stunning regulatory blow to cryptocurrency exchange Korbit, imposing a 2.73 billion won ($2.0 million) fine for systemic compliance failures that exposed the platform to significant money laundering risks. This decisive action represents the latest escalation in South Korea’s aggressive regulatory campaign targeting virtual asset service providers, signaling a new era of enforcement rigor that could reshape the entire Asian cryptocurrency landscape. Korbit’s Compliance Breakdown: A Detailed Analysis The Financial Intelligence Unit, operating under South Korea’s Financial Services Commission, identified approximately 22,000 separate violations across multiple…
Binance announced that it continues its periodic reviews of spot trading pairs to protect user security and maintain a high-quality trading environment. The cryptocurrency exchange has decided to delist certain spot trading pairs following recent evaluations. According to the official announcement by Binance, low liquidity, insufficient trading volume, and other factors negatively impacting market efficiency were the reasons for this decision. According to the announcement, trading in the ARKM/BNB, BARD/BNB, EGLD/RON, LISTA/FDUSD, SCR/FDUSD, and ZKC/BNB spot currency pairs will be completely suspended as of 06:00 on January 2, 2026. After this date, open orders in these pairs will be automatically…
As cryptocurrency markets swung sharply throughout 2025, with Bitcoin (BTC) peaking above $126,000 in October, a small group of U.S. lawmakers actively traded digital assets. Public financial disclosures show that most congressional crypto activity involved modest investments in Bitcoin ETFs or direct holdings. However, a few members stood out for the size and timing of their trades, producing mixed results amid market volatility. Mike Collins Rep. Mike Collins, a Georgia Republican, was among the most active traders. He made multiple Ethereum (ETH) purchases totaling tens of thousands of dollars, benefiting as the asset neared record highs in the fall. Collins…