Author: NBTC
Coinbase has urged US lawmakers to modernize the Bank Secrecy Act (BSA) by incorporating Zero-Knowledge Proofs (ZKPs) into the country’s financial compliance framework. In an Aug. 4 statement, Coinbase’s Chief Legal Officer Paul Grewal argued that ZKPs could enhance financial transparency while simultaneously protecting consumer privacy. Why Zero-Knowledge Proofs? According to him, the existing Know-Your-Customer (KYC) process mandated by the BSA poses security risks, as it is often stored in large, centralized databases vulnerable to cyberattacks. While he noted that the collected information frequently goes unused, he pointed out that they remains an attractive target for criminals. Considering this, he…
Succinct Labs, a popular blockchain infrastructure platform, has announced a crucial step in advancing the zero-knowledge proofs (ZKPs). In this respect, Succinct Labs is introducing “Provers” to bring zero-knowledge proofs to the mainstream and make them tradeable. As the official statement from the platform discloses, this development aims to redefine and simplify ZKPs across the worldwide tech ecosystem. ZKPs denote an exclusive type of network participants who create cryptographic proofs. Zero-knowledge proofs are no longer just technical tools; they’re now valuable and tradeable assets.Succinct (@SuccinctLabs) is building the future of zero-knowledge computing. If Bitcoin has miners, Ethereum has Stakers, Succinct…
By Omkar Godbole (All times ET unless indicated otherwise) While bitcoin and ether (ETH) prices have recouped a significant portion of last week’s losses, hinting at a “buy the dip” resurgence, the latest ETF flows paint a different picture. On Monday, the nine spot ether ETFs recorded total net outflows of $465 million — the largest on record — following Friday’s $152 million drawdown, according to SoSoValue. Bitcoin ETFs also saw substantial outflows, bleeding $333 million after Friday’s $812 million, suggesting that institutional capital is not as sanguine as the spot market. Meantime, long-term bullishness has evaporated from BTC options…
The acting CFTC Chairman Caroline Pham announced the agency is aligned with President Donald Trump’s crypto policy. The agency has requested participation from the public via written submissions by August 18. The crypto market will attract more capital, especially from traditional financial institutions amid clear regulations. The Commodity Futures Trading Commission (CFTC) has launched an initiative to enable trading for crypto asset contracts through its regulated exchanges. According to acting chairman Caroline Pham, the initiative is the first crypto-focused move geared to enable the mainstream adoption of digital assets in the United States. Furthermore, President Donald Trump has directed all…
GAEA and DIN have recently teamed up to innovate in the field of decentralized artificial intelligence infrastructure. The combination of artificial intelligence and decentralized infrastructure has been gaining momentum in recent years and months, with applications in real-world cases. We’re thrilled to announce our new partnership with @din_lol_ 🤝DIN is the AI Blockchain. Created from the foundation of the Data Intelligence Network, it’s designed to provide comprehensive solutions and infrastructure for AI agents and decentralised AI applications.Stay… pic.twitter.com/rEAKgIDjp7 — GAEA (@aigaealabs) August 4, 2025 The partnership showcases GAEA’s idea of a blockchain-based, specially designed, AI-driven system working together with DIN’s…
Popular centralized exchange Coinbase announced on Tuesday its intention to raise $2 billion via convertible senior notes in a private offering. The funds will be used for “general corporate purposes,” which it says may include “acquisitions of other companies, products, or technologies.” The company’s publicly traded stock closed on Monday at $314.69, per Trading View, down 25% from its all-time high. COIN has since slumped almost 2% in pre-market trading to $308.54. Coinbase’s sale will be open to “qualified institutional buyers” to purchase $1 billion worth of convertible senior notes that mature in 2029, as well as another $1 billion…
Key Takeaways A proposed White House executive order aims to penalize banks that discriminate against crypto and conservative companies. Banks may face fines or disciplinary measures if found violating equal credit, antitrust, or consumer protection laws. Banks could soon face federal penalties for cutting off conservative or crypto clients for political reasons under a forthcoming executive order, The Wall Street Journal reported Monday. According to a draft order spearheaded by the White House, bank regulators would investigate whether financial institutions violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws. Violators could face monetary penalties, consent decrees,…
CodexField is excited to announce its groundbreaking collaboration with Atleta Network to intersect blockchain, content, and sports. This partnership represents a remarkable step forward in redefining the operation of sports economies in the modern digital age. Furthermore, this synergy aims to digitize sports and the tokenization of physical assets. 🚀 We’re excited to announce our partnership with @Atleta_Network — a modular, multi-layer EVM-compatible blockchain built on Substrate and designed for the digitization of sports and tokenization of physical assets.⚙️ With 25M+ transactions, 1M+ wallets, and a thriving dApp… pic.twitter.com/FZUD0cjAhm — CodexField (@CodexField) August 4, 2025 CodexField, a platform for onchain…
Tensions continue between US President Donald Trump and Fed Chairman Jerome Powell over interest rates. While Powell prefers to act cautiously regarding interest rate cuts due to tariffs, Trump argues that inflation is in good shape and that interest rate cuts should begin. At this point, Trump, who has frequently called for Powell’s resignation, has already begun work on the new FED chair, who will come when Powell’s term expires in 2026. US Treasury Secretary Scott Bessent announced last week that Trump had begun discussions with potential candidates for the new Fed chair. While everyone is eagerly waiting to see…
The Ripple vs SEC lawsuit is again at the center of attention as crypto experts and legal analysts express growing frustration about the delay in dismissing the SEC’s appeal. While the SEC has been quick to wrap up lawsuits against other crypto companies like Coinbase, many are questioning why the process is dragging on when it comes to Ripple and XRP. Attorney Bill Morgan recently raised a key question. He asked whether SEC Chair Paul Atkins can get the agency’s commissioners to vote on dismissing the appeal in the Ripple case. He also questioned if SEC attorneys are ready to…