Author: NBTC

When Robert DeNault joined Kalshi’s four-person legal team in October, it was under the assumption that his background investigating white collar crimes could come in handy. Now serving as the prediction market’s head of enforcement, the former associate at law firm White & Case told Decrypt that Kalshi is preparing to disclose a wave of disciplinary actions that have been taken against users—the result of a monthslong effort to clean up a “backlog” of potential trading violations. “It’s taken a big chunk of my first few months here to get through these,” he said. “We’re going to continue to post…

A new platform founded by Wall Street veteran Chan Ahn is aiming to bring one of finance’s most exclusive asset classes — private equity — onto the blockchain. — Tessera has announced the launch of its private equity tokenization platform on Solana, a system designed to give investors onchain exposure to private company shares that have historically been accessible only through venture capital firms and institutional investment networks. The goal is ambitious: convert private equity from a closed financial market into a liquid, globally accessible asset class. “Private equity has historically operated inside closed networks,” said Chan Ahn, Founder and…

Crypto exchange-traded product (ETP) provider 21Shares has launched an investment product giving European investors access to a preferred stock issued by Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin. The asset manager will list its 21Shares Strategy Yield ETP under the ticker “STRC NA” on Euronext Amsterdam on Thursday, the company said Wednesday. The ETP is available to institutional and retail investors, offering a dividend backed by Strategy’s Bitcoin ($BTC) treasury, which currently holds 717,722 $BTC, valued at around $47 billion. With dividends set at a variable 11.25% annualized rate, the ETP represents one of the earliest structured,…

The intersection between DeFi and Artificial Intelligence is growing rapidly and changing the way retail investors participate with complex financial data. It has been announced that Collably Network has announced a strategic partnership with Cattoverse, an AI driven Feline Co-Pilot, that helps navigate through the volatile Crypto Market. This is done by combining high utility analytical tools for market intelligence along with the Viral Appeal of Meme Culture to help decrease the barrier to entry for any Web3 Participant who wants to use actionable intelligence for their trading strategy. The Rise of the Feline Co-pilot in Market Analysis Cattoverse is…

WebN Group, the blockchain and Web3 incubator backed by billionaire Alan Howard, is closing its doors after seeding a clutch of digital infrastructure startups over the past several years, according to a person familiar with the matter. Most recently, the venture studio backed tokenization specialist Libre (now called KAIO), crypto staking shop Twinstake, blockchain infrastructure firm TruFin and zero-knowledge proofs startup Geometry. In addition to Howard, WebN also received an undisclosed investment from Japanese bank Nomura’s crypto partnership, Laser Digital, back in 2023. The incubator was described as having “successfully completed its mission” the person said. Some of the staff…

The bankruptcy plan administrator of Terraform Labs, Todd Snyder, has filed a lawsuit against Jane Street Group for alleged front-running trades that allowed the trading powerhouse to profit from non-public information obtained from Terraform insiders, The Wall Street Journal reported Monday. The complaint, submitted in Manhattan federal court, claims these trades not only enriched Jane Street but also contributed to the rapid collapse of the TerraUSD (UST) stablecoin and LUNA in May 2022. The lawsuit also names Jane Street co-founder Robert Granieri and employees Bryce Pratt and Michael Huang as defendants. Terraform’s implosion in May 2022 wiped out roughly $40…

Axon Enterprise (AXON) shares surged more than 20% following its fourth-quarter results, which highlighted rising demand for the company’s AI-enhanced software tools and growing adoption across its customer base. The Scottsdale-based company posted record results as Software & Services revenue increased 40% to $343 million, highlighting continued momentum in its high-margin SaaS business. Full-year revenue rose 33% to $2.8 billion, marking the fourth consecutive year of growth above 30%, supported by strong bookings of $7.4 billion and future contracted bookings of $14.4 billion. Net income for the fourth quarter totaled $3 million, while non-GAAP net income reached $178 million, and…

The US Federal Reserve is seeking to codify a rule removing “reputation risk” from banking supervision, which some have blamed for a wave of crypto debanking in recent years. The Fed initially began making changes in June last year, announcing that it had directed its supervisors to stop pressuring banks to shut down client accounts over reputation risk, meaning banks can only make decisions on clients based on financial risk management. In a press release on Monday, the Fed said that it is requesting feedback on a proposal to turn this into law. The Fed has set a 60-day deadline…

Tether, the crypto company behind the world’s largest stablecoin $USDT $USDT$1.0002, is investing $200 million in online marketplace Whop to boost stablecoin payments. The deal values the startup at $1.6 billion, Whop CEO Steven Schwartz said in an X post. Whop runs a digital marketplace where creators sell access to software tools, trading groups, online communities and learning courses. The platform said it has 18.4 million users and that participants earn about $3 billion each year. It’s growing fast, with gross transaction volume increasing about 25% month-over-month, it added. As part of the deal, Whop will integrate Tether’s crypto wallet…

Nigerian President Bola Tinubu has launched a comprehensive regulatory regime for Nigeria’s digital asset market, headlined by the creation of the Virtual Asset Regulatory Council. A New Strategic Oversight Body Nigerian President Bola Tinubu has unveiled a sweeping new framework to regulate the country’s fast-growing digital asset market, establishing the Virtual Asset Regulatory Council (VARC). Under the framework, the Central Bank of Nigeria (CBN) and the Nigeria Revenue Service (NRS) are joint overseers of non-security virtual assets under the Virtual Asset Regulatory Authority (VARA). According to a local report, the new framework positions VARC as the strategic coordination body, co-chaired…