Author: NBTC

China, known for its strict bans on Bitcoin and cryptocurrencies, has introduced yet another ban. According to Bloomberg, China has banned the export of yuan-backed stablecoins that have not received government approval. Accordingly, China has tightened restrictions on cryptocurrencies and tokenized real-world assets. It has banned domestic entities from issuing digital tokens abroad without approval and has blocked the export of yuan-backed stablecoins overseas. The People’s Bank of China (PBOC) and seven Chinese institutions announced in a joint statement on Friday that mainland Chinese companies and their overseas subsidiaries cannot issue cryptocurrency abroad unless authorized by the relevant authorities. Regulators…

Ethereum’s charts tightened into key levels this week, with a weekly inverse head and shoulders setup in focus. At the same time, $ETH’s 14 day RSI moved toward a historical low zone. Ethereum Weekly Chart Shows Inverse Head and Shoulders Structure Ethereum’s weekly chart shows a developing inverse head and shoulders structure, based on a TradingView snapshot shared by market analyst Bitcoinsensus. The pattern forms after a long decline, with price carving a left shoulder in mid 2024, a deeper low marked as the head in early 2025, and a rebound that may be shaping a right shoulder in early…

Key Takeaways Amazon challenges Saks Global Enterprises’ Chapter 11 bankruptcy filing, arguing against the proposed $1.75 billion financing. Amazon had invested $475 million in Saks as part of their 2024 acquisition of Neiman Marcus for $2.65 billion. Amazon is fighting to salvage a stake in Saks Global after the luxury retailer entered Chapter 11 and sought financing that could subordinate the tech giant’s equity. In 2024, Amazon invested $475 million in preferred equity to help Saks complete its $2.65 billion acquisition of Neiman Marcus. Under a commercial agreement between the two companies, Saks agreed to sell its products on Amazon,…

Key Takeaways Amazon challenges Saks Global Enterprises’ Chapter 11 bankruptcy filing, arguing against the proposed $1.75 billion financing. Amazon had invested $475 million in Saks as part of their 2024 acquisition of Neiman Marcus for $2.65 billion. Amazon is fighting to salvage a stake in Saks Global after the luxury retailer entered Chapter 11 and sought financing that could subordinate the tech giant’s equity. In 2024, Amazon invested $475 million in preferred equity to help Saks complete its $2.65 billion acquisition of Neiman Marcus. Under a commercial agreement between the two companies, Saks agreed to sell its products on Amazon,…

Russia’s monetary authority has updated the rules for opening digital ruble accounts, and the end result is a complicated procedure for ordinary Russians and small businesses. The regulator wants to learn a lot about future users, and that’s likely to limit access to the new incarnation of the national fiat, the mass adoption of which is slated to begin this year. Bank of Russia approves new rules for digital ruble accounts The Central Bank of Russia (CBR) has amended its requirements for those who wish to open their own digital ruble accounts. To apply for one, individuals and sole proprietors…

AI agents may need blockchains to solve the issue of impersonation and verification. As agents have shown the ease of colonizing social media, verification is becoming more important. AI may be a key application area for blockchains, especially when it comes to user and identity verification, noted A16Z in a forward-looking analysis. While the Internet was made for human interaction, culminating in social media, AI agents have made it faster and easier to coordinate and produce content. The activity of AI agents may soon become indistinguishable from human activity, producing content at scale and linking across platforms. Human users are…

In a compelling development within the cryptocurrency markets, several long-dormant wallets have suddenly reactivated to purchase substantial amounts of Ethereum ($ETH). This activity, detected by the on-chain analytics platform Lookonchain, coincides with a broader market downturn, suggesting a calculated move by historically patient investors. The phenomenon provides a fascinating glimpse into the strategic behavior of cryptocurrency whales and may offer clues about underlying market sentiment. Notably, one wallet, inactive for over two years, executed a multimillion-dollar withdrawal from a major exchange, sparking intense analysis among market observers. Long-dormant wallets make significant Ethereum moves On-chain data reveals precise and substantial transactions…

Spot crypto exchange-traded funds recorded broad inflows on Wednesday, led by a sharp pickup in demand for U.S. bitcoin ETFs as institutional investors returned after a choppy start to the year. Data from SoSoValue shows spot bitcoin ETFs pulled in $843.6 million on Jan. 14, their largest daily inflow in several months. The move followed a volatile stretch earlier in January that saw multiple days of net outflows as traders reduced exposure. BlackRock’s IBIT dominated the session, drawing about $648 million, while Fidelity’s FBTC added roughly $125 million. Smaller inflows were spread across other issuers, lifting total net assets held…

UCITS funds can now gain up to 10% crypto exposure through ETFs and ETPs. Direct crypto holdings are still not allowed, ensuring a cautious, regulated approach. Luxembourg’s financial regulator has confirmed that UCITS investment funds can now gain limited crypto asset exposure under strict conditions. This step brings cryptocurrency to the mainstream of investing. On February 4, Luxembourg’s financial watchdog, Commission de Surveillance du Secteur Financier (CSSF), announced the decision. What has changed Under the new guidance, UCITS funds may invest up to 10% of their portfolio in crypto-related assets, but they cannot buy them directly; instead, they can invest…

The decentralized exchange landscape witnesses a significant development today as Aster launches its Aster Chain testnet, marking a pivotal milestone in blockchain infrastructure evolution. This strategic move follows an intensive testing period and a unique trading competition, positioning the platform closer to its highly anticipated mainnet deployment. Industry observers now closely monitor this progression, recognizing its potential implications for decentralized finance accessibility and performance. Aster Chain Testnet Launch: Technical Foundation and Purpose Aster officially activated its Aster Chain testnet after completing a rigorous one-month testing phase. The platform designed this test environment specifically for developers and validators to evaluate network…