Author: NBTC

Hong Kong’s securities regulator has added Aurum/Aurum Foundation to its alert list of suspicious virtual asset trading platforms after alleging the entity may be operating without the required authorization. The Hong Kong Securities and Futures Commission (SFC) said Aurum/Aurum Foundation claims on its website that it is registered in Hong Kong under the Companies Ordinance and offers virtual asset, futures contract, and derivatives trading services. The regulator stated that Aurum/Aurum Foundation does not hold an SFC license and is suspected of conducting unlicensed activities. The SFC included the platform on its Alert List, which identifies entities that may pose risks…

MiniPay has launched a Visa debit card that allows users in selected markets across Africa, Latin America, Southeast Asia and Europe to make purchases using stablecoins. According to Tuesday’s announcement, the card is powered by Gnosis Pay’s infrastructure, enabling users to pay directly from their MiniPay wallets while merchants receive local currency through Visa’s network. MiniPay said it has grown to more than 16 million activated wallets across 65 countries since launching in 2023, with much of its adoption concentrated in Africa and other emerging markets. The card can be added to Apple Pay and Google Pay, while eligible users…

The Seoul-to-Nasdaq Contagion On Tuesday, June 23, the South Korean index, Kospi, plunged by more than 8%, triggering a Level 1 circuit breaker. The sharp drop was attributed to a severe global semiconductor stock correction, heavy retail margin liquidations and massive foreign capital outflows. On the same day, bitcoin also plummeted from over $64,000 to under $62,000, a drop that some analysts attributed to souring investor sentiment. While the slide continued into Wednesday, Mike McCluskey, co-founder of Tx and a former Fidelity executive, insists the sell-off of tech stocks in Seoul precipitated bitcoin’s downtrend, which ultimately saw it drop to…

The Bank of England (BoE) has softened its proposed stablecoin rules, removing planned limits on how much stablecoin individuals and businesses can hold. Instead, the central bank will introduce a temporary £40 billion cap on the total issuance of each systemic sterling-backed stablecoin. The change marks a shift from last year’s proposals, which would have limited individuals to holding £20,000 worth of stablecoins. The proposed rules would have limited businesses to £10 million. After receiving feedback from industry participants, the BoE decided that an overall issuance cap would be a more practical approach. Stablecoins Moving Beyond Crypto Use Cases The…

A single-stock derivative from a private company just notched over $76 million in liquidations, ranking behind only Bitcoin and Ether in crypto derivatives wipeouts. The move puts a spotlight on how far tokenized equity products have come — and how quickly they can unravel under leverage. According to data from Coinglass cited in the original report, SPCX perpetual contract liquidations surged over the past 24 hours as the price of the SpaceX-linked instrument sank below its first-day opening level. The SPCX perpetual briefly touched a 24-hour low of $147.17, slipping under the $150 mark where it debuted. It remains above…

By offering commercial banks’ financial incentives for processing payroll transactions via the Bank of Russia’s digital ruble platform, Russia seeks to convince other nation-states that utilizing digital currencies will become popular among consumers. If successful, this plan may encourage countries around the world to utilize digital currencies, as well as challenge the broader narrative that alternative payment methods implemented by cryptocurrencies are viable solutions to national payment systems. On June 24, the Bank of Russia announced that beginning on January 1, 2027, commercial banks that process payroll transactions through the digital ruble network will be paid 67 kopecks ($0.67), which…

Sonic, the blockchain project behind the S token, announced via X its decision to cancel this year’s scheduled issuance of additional tokens. The move is aimed at preventing inflationary expansion of the token supply, responding to community and stakeholder feedback. Background on Tokenomics and Issuance Plan Sonic’s original tokenomics design included an annual issuance of 47.625 million S tokens, valued at approximately $950,000 at current market prices. The first such issuance took place on June 18 of last year, intended to support ecosystem growth initiatives. The project’s decision to halt this year’s issuance marks a significant shift in its monetary…

China has outlined plans to strengthen anti-money laundering enforcement, expand scrutiny of virtual currency-related crime, and deepen international cooperation as authorities prepare the country’s financial security framework for the next five-year policy cycle. The People’s Bank of China said in a policy document reviewing anti-money laundering work during the 14th Five-Year Plan period that authorities will maintain pressure on money laundering offenses, with particular attention on virtual currency laundering, cross-border fund transfers, telecom fraud, online gambling, drug crimes, illegal fundraising, and underground banking networks. The central bank said China has entered a new stage of anti-money laundering development after completing…

Analysis Highlights Accumulation Signals in Select Tokens An analysis shared by Cryptoquant on June 23 showed a split in positioning on Gate crypto exchange, with select altcoins recording stronger outflows than inflows while other cryptocurrencies attracted increased deposits. The findings were based on the Gate Netflow Heatmap, which tracks inflows and outflows across multiple crypto assets. The data showed a group of tokens recording stronger outflows than inflows, a pattern often associated with accumulation activity. The analyst explained: “Some altcoins are leaving Gate more than others. This may be an early sign of accumulation.” The analysis identified several assets showing…

Fidelity Digital Assets has pushed back against concerns that Bitcoin’s long-term security will deteriorate as mining rewards decline, arguing in a new research report that the network’s economic incentives remain sufficient to secure the blockchain over time. The report, authored by Fidelity research analyst Daniel Gray, reiterated the view that Bitcoin’s security depends on more than block rewards. Transaction fees, market incentives and other economic forces continue to encourage miners to secure the network and make sustained attacks prohibitively expensive, it said. The findings challenge a longstanding criticism that each quadrennial halving weakens Bitcoin’s security by reducing the issuance of…