Author: NBTC
VersaBank, a Canadian digital bank with a focus on business clients, has started testing a tokenized deposit that the bank says provide a safer and more compliant alternative to stablecoins. The pilot, run through the bank’s U.S. subsidiary VersaBank USA, will trial a U.S. dollar version of the bank’s blockchain-based Digital Deposit Receipts (DDRs) tech. Each token, branded USDVB, represents one U.S. dollar held on deposit at VersaBank USA. The program will simulate thousands of transactions of small value, first internally and then with select external partners. Tokens will be managed through the bank’s digital vault and e-wallet platforms and…
Ethereum price started a recovery wave from the $4,050 zone. ETH is now back above $4,220 but it faces many hurdles near $4,400. Ethereum started a recovery wave above the $4,150 and $4,220 levels. The price is trading below $4,350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $4,355 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $4,220 zone in the near term. Ethereum Price Faces Resistance Ethereum price extended losses after there was a close below the…
On July 18, President Donald Trump signed the GENIUS Act into law, establishing the first comprehensive federal framework to regulate stablecoins in the United States, and bringing long-awaited clarity to the growing market for U.S. dollar-pegged tokens. Since then, the market for stablecoins globally has shown a level of resilience and growth that even the most skeptical observers can’t easily dismiss, at least for now. Just weeks after being signed into law, the regulatory clarity around how stablecoins must be backed, audited, and supervised seemed to calm big institutions and everyday investors, pushing the stablecoin market cap up an additional…
Incogni, a digital privacy firm, conducted a study on American and Chinese platforms harvesting sensitive data from Europeans. Despite alleged digital protection laws, these apps can circumvent them. Blockchain technology could fix these problems, but the internet’s dominant forces are going in the opposite direction. It’ll be a hard fight. Digital Privacy Violations In Europe Since its earliest days, the crypto community has had a strong interest in digital privacy. Bitcoin was created to be trustless, anonymous, and decentralized, after all. However, the internet in 2025 is a very different place compared to 2009. A select number of platforms control…
The cryptocurrency world is always buzzing with activity, and recent on-chain movements have captured significant attention. A substantial ETH whale, believed to be an institutional investor, recently made a truly noteworthy transaction. This anonymous entity strategically offloaded a massive 10,000 ETH, valued at an astonishing $43.35 million, through Wintermute OTC. What Exactly Did This ETH Whale Do? According to insights from OnchainLens on X, this prominent address executed a large-scale sale. Rather than using a public exchange, the transaction occurred via Wintermute OTC. This method allows for private, over-the-counter deals, which are often preferred for very large trades to minimize…
Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. AI and Smart Contracts in Focus The intersection of artificial intelligence (AI) and blockchain technology is reshaping how crypto projects operate and how legal practitioners approach them. Smart contracts—self-executing agreements coded onto blockchains—are increasingly being developed, audited, and even optimized with the assistance of AI tools. While these innovations promise efficiency and scalability, they also introduce new legal questions…
Philippine Senator Bam Aquino wants the country’s national budget placed on a blockchain platform, a move he said would make every peso spent traceable by citizens. “No one is crazy enough to put their transactions on blockchain, where every single step of the way will be logged and transparent to every single citizen. But we want to start,” Aquino said in a statement at the Manila Tech Summit held on Wednesday. “If we’re able to do this, I think we’ll be the first country to have our budget on the blockchain,” Aquino said, adding he’s unsure what kind of…
Bitcoin (BTC), Ethereum (ETH), and altcoins have all seen a major correction in recent weeks. This correction saw some investors buying low while a giant whale sold after a long period. A major Bitcoin whale, who has been described as having “diamond hands,” a pattern used in the cryptocurrency market because he hasn’t sold for a long time, has sold BTC. According to Lookonchain’s post, the whale sold Bitcoin it purchased from Binance and HTX cryptocurrency exchanges seven years ago. Accordingly, a whale holding 14,837 BTC (worth $1.69 billion) sold 670.1 BTC (worth $76 million) today. The whale then used…
Fidelity has significantly expanded its digital asset exposure in 2025, with its cryptocurrency holdings climbing by more than $5.3 billion year-to-date, according to fresh data compiled by Finbold research. As of January 1, 2025, Fidelity’s two flagship spot crypto ETFs, the Fidelity Bitcoin ETF (FBTC) and Fidelity Ethereum ETF (FETH) reported combined holdings of 201,163 BTC and 462,250 ETH, valued at $20.55 billion as per the data retrieved from Lookonchain. By August 20, 2025, those holdings had risen to 199,127 BTC and 728,939 ETH, worth a total of $25.92 billion at prevailing market prices. In total, this amounts to a…
Policymakers of various stripes spoke at the SALT Wyoming conference this week in Jackson Hole, Wyoming. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Congress is still on vacation, but policymakers trekked up to Jackson Hole, Wyoming to speak to the crypto industry — largely praising it or saying how they expect legislation to move forward. Here are some clips of what they said, courtesy of CoinDesk’s Helene Braun and others. Why it matters The industry has seen a lot of progress…