Author: NBTC
Key Takeaways SEC Chair Paul Atkins reinforces that market oversight continues despite a federal government shutdown. SEC operations have been disrupted, especially impacting approvals for new crypto financial products such as ETFs. SEC Chair Paul Atkins warned today that market oversight will continue despite the ongoing federal government shutdown that has disrupted agency operations. The shutdown has gridlocked the SEC, preventing it from processing approvals for new crypto-related financial products like ETFs, highlighting ongoing market vulnerabilities. Atkins has publicly committed to facilitating innovation in crypto by creating internal project management for faster approvals, directly addressing past regulatory lags. The SEC…
Core Scientific has reported a decline in third-quarter revenue as the US-based digital infrastructure provider transitions away from Bitcoin mining and toward high-density colocation (HDC) services, while its pending $9 billion all-stock acquisition by CoreWeave continues to hang in the balance. The Nasdaq-listed company saw its total revenue for the fiscal third quarter of 2025 fall to $81.1 million, down from $95.4 million a year earlier. A 55% decline in Bitcoin mined led to digital asset self-mining revenue dipping from $68.1 million to $57.4 million. However, the impact of the decline was partially offset by an 88% rise in the…
U.S. Bancorp has announced the creation of a dedicated business unit called the Digital Assets and Money Movement organisation. The move, unveiled in mid-October 2025, marks a decisive step by one of America’s largest regional banks toward blockchain integration, tokenisation, and digital money flows. The initiative positions the bank to stay competitive as tokenised assets and blockchain rails move closer to mainstream finance. Expanding Horizons in Digital Finance The timing of U.S. Bancorp’s move reflects a broader wave sweeping through digital finance. Across markets, tokenised assets, stablecoins, and blockchain-based payment systems are gaining traction. Fintech firms are experimenting with instant…
On Wednesday, Paxos Chief Executive Charles Cascarilla attempted to frame the company’s accidental minting of $300 trillion worth of PayPal’s stablecoin last week as evidence of blockchain transparency rather than a system failure. He told a Federal Reserve crypto roundtable that a manual security lapse caused the firm to create the tokens on Ethereum before immediately sending them to an inaccessible address. The error, more than twice the value of global GDP, comes as regulators consider whether to grant Paxos a federal banking charter. “It underscores the value of the blockchain. It actually shows the transparency that you can immediately…
Geneva, Switzerland — TRON DAO is taking its global academic outreach to new heights, announcing fresh collaborations with blockchain organizations at Columbia University and Harvard University through its TRON Academy initiative. The partnerships mark the latest expansion of TRON DAO’s university network, which already includes leading institutions such as MIT, Princeton, Yale, Cornell, Dartmouth, Imperial College London, and UC Berkeley.—Together, these alliances reflect TRON’s long-term commitment to advancing blockchain education, empowering student innovators, and bridging the gap between academia and industry.Empowering Student InnovationThrough TRON Academy, students at Columbia and Harvard will gain access to funding, educational workshops, and hands-on opportunities…
Social media platform Reddit has sued Perplexity AI in federal court on Wednesday, alleging that the artificial intelligence company and its data partners orchestrated an “ industrial-scale” scheme to scrape the platform’s user-generated content. Reddit alleges that the other defendants: SerpApi, Oxylabs, and AWM Proxy, developed and sold tools specifically designed to break security measures protecting its content, enabling the large-scale scraping of Reddit data from search results. The tools were allegedly built with the intention of bypassing two layers of protection: first, by evading Reddit’s own anti-scraping systems, and second, by circumventing Google’s controls to extract Reddit content directly…
U2DPN has formed a partnership with CheersLand, an innovative platform that will bridge the blockchain economy with real-world assets (RWA). The goal of the partnership is to explore additional methods of linking bandwidth-based assets to tokenized real-world assets and prepare for the next era of blockchain-enabled financial innovation. 🤝 Partnership AnnouncementWe’re excited to announce a strategic partnership between U2DPN and @cheers_land – a pioneering RWA (Real-World Asset) platform bridging the physical and digital economies through blockchain innovation.CheersLand 2.0 transforms real-world assets… pic.twitter.com/Ri8bV5PP3f — U2DPN (@u2dpn_network) October 24, 2025 Partnership Details CheersLand’s mission involves the conversion of real-world assets, such as…
According to CryptoSlam data, NFT (non-fungible token) sales volume has plunged by 42.42% to $93.18 million, down from last week’s $161.7 million. Summary NFT sales fell 42% to $93M, while buyers surged 33% and sellers rose 21%. DMarket topped sales at $9.05M as Pudgy Penguins plunged over 76%. Ethereum led with $35M in NFT sales despite a 65% drop from last week. Despite the sales collapse, market participation has improved, with NFT buyers climbing by 33.09% to 509,668 and sellers rising by 21.04% to 413,225. NFT transactions dropped by 7.63% to 1,543,392. At the same time, Bitcoin (BTC) price has…
The Nigerian government has reportedly formed a working group to explore the adoption of stablecoins. The New Stance on Digital Assets The Nigerian Federal Government has reportedly formed a working group to explore the adoption of stablecoins, signaling a significant shift toward embracing digital currencies. This initiative, announced by Central Bank of Nigeria (CBN) Governor Olayemi Cardoso, complements ongoing efforts by the CBN and the Nigerian Securities and Exchange Commission (SEC) to develop a regulatory framework for digital assets. The CBN governor made the announcement during a joint press briefing at the conclusion of the annual meetings of the World…
Peter Schiff, well known in the crypto industry as a Bitcoin critic and gold advocate, announced that he’s exploring a new way to make bullion digital — via blockchain. Schiff revealed his plans for a tokenized gold platform during an interview on CounterParty TV posted yesterday, Oct. 23. The proposed platform includes a debit card that would let users buy, hold, and spend tokenized gold, while keeping the precious metal in vaults. Schiff didn’t miss a chance to critique Bitcoin as he explained his upcoming product in the interview: “Ideally, the one thing that makes sense to put on a…